Following our previous daily timeframe analysis regarding
USDJPY
(www.tradingview.com/...-on-Daily-Timeframe/), we can clearly see how the pair was not yet ready to break to the upside for the next big upwards impulse and instead went to retest the low. As we had clearly forecasted that possibility at the time of that analysis, now the pair grabs our attention again, as the upward impulse could start any time now.
Let us remind you that this is definitely a trade not to be missed: we are expecting the pair to retest previous top and then some, with a potential final target in the 122 - 124 area. From where the price is currently, this would mean that the U.S. dollar would achieve a ca. 14.25% gain on the Japanese Yen, making this one of the most attractive trades of the near future.
Updates on lower timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.
USDJPY
(www.tradingview.com/...-on-Daily-Timeframe/), we can clearly see how the pair was not yet ready to break to the upside for the next big upwards impulse and instead went to retest the low. As we had clearly forecasted that possibility at the time of that analysis, now the pair grabs our attention again, as the upward impulse could start any time now. Let us remind you that this is definitely a trade not to be missed: we are expecting the pair to retest previous top and then some, with a potential final target in the 122 - 124 area. From where the price is currently, this would mean that the U.S. dollar would achieve a ca. 14.25% gain on the Japanese Yen, making this one of the most attractive trades of the near future.
Updates on lower timeframes will follow.
If you feel that our analyses and views may be a useful complement to your trading strategies and in order to be notified in real time with our updates on the lower timeframes, please remember to click on the Follow button.
Remember that you can double check the bigger structures that are at play are on the weekly and daily time frames also by scrolling around the charts in the lower 4hr and 60min timeframes (right and left, up and down).
Trade with care and only with a backtested strategy that has proven to work in relation to your invested capital, risk appetite and potential small losses you might incur in before profiting from a good trade.
Thank you for viewing.