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Long term bias is still bullish

Ucef Posted 31 Mar. as Analysis on USD/JPY, Target: 109.99, Date: 1 von May, 12:00 GMT  in #Technical analysis #USD/JPY #Harmonic Trading #Bullish Bias #Fibonacci Level #Channel Breakout
Daily Vision

The pair was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above support area.
I still prefer a bullish intraday scenario at this phase targeting 109.99.
Immediate resistance is seen around daily close. A clear break and daily close above that area could trigger further bullish pressure testing some resistance areas. While an immediate support is seen around weekly close.
A clear break below that area could trigger…
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Long term bias is still short on USD/JPY

Ucef Posted 29 Feb. as Analysis on USD/JPY, Target: 114.30, Date: 1 von April, 12:00 GMT  in #Technical analysis #Resistance #USD/JPY #Breakouts #Levels #Retracement #Upward Channel #Support Zone #Trendlines #Channel Breakout #Longer Term Uptrend
Daily Vision

The USDJPY was indecisive last week formed a Doji on weekly chart. The bias is neutral in nearest term but as long as stays above 114.70. I still prefer a bullish intraday scenario at this phase targeting 114.10 region.
Immediate resistance is seen around 114.78. A clear break and daily close above that area could trigger further bullish pressure testing 113.96 region. Immediate support is seen around 113.30 .
A clear break below that area could trigger further bearish pressure whi…
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USDJPY Loses upside momentum

Ucef Posted 31 Jan. as Analysis on USD/JPY, Target: 119.35, Date: 1 von March, 12:00 GMT  in #Technical analysis #USD/JPY #Bearish #Elliot Wave #Fibonacci Levels #Downtrend #Support Area #Downward Channel #Trendlines
Daily analysis
USDJPY printed a rejection to halt its upside offensive and close lower the past week. This price action has created downside risk as we enter a new week. On the downside, support comes in at the 121.45 level. A turn below here will open the door for more weakness targeting the 121.89 level and followed by the 121.65 level. A cut through here will bring additional weakness towards the 121.36 level.
Weekly analysis
USDJPY opened the week at 121.74 and touched a high of 121.85. The …
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USD/JPY forming a bearish pattern

Ucef Posted 31 Dec. as Analysis on USD/JPY, Target: 119.22, Date: 1 von February, 12:00 GMT  in #Technical analysis #Resistance #USD/JPY #Levels #Support Line #Upward Channel #Bullish Signs #High Probability
Daily analysis
124.16 was an important cap in late June. The round number of 123 has strengthened in resistance as the pair trades at higher levels.
The pair touched resistance at 121.50 before retracting. It is currently an immediate resistance line.
USD/JPY ended the weak at 120.40, which was a swing low in July, 119.19 has held firm since October.
Weekly analysis
The yen has showed some improvement in the month of December, as USD/JPY close to the symbolic 120 level. The upcoming week will be…
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USD/JPY forming a bearish harmonic pattern

Ucef Posted 30 Nov. as Analysis on USD/JPY, Target: 122.5000, Date: 1 von January, 12:00 GMT  in #Technical analysis #Resistance #Patterns #USD/JPY #Bearish Signs #Support Line #Fibonacci Levels #Retracements #Downward Channel
Daily analysis

126.59 has remained intact since May 2002. The very round number of 125 remains an important resistance line. 124.16 was an important cap in late June. The round number of 123 was tested for a second straight week and is currently a weak resistance line. It could see further action early in the week. 121.50 is providing strong support. This line was a key resistance line in September. 120.40, which was a swing low in July, is next. 119.19 has held firm since October. It is the fi…
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USD/JPY facing a strong trend line resistance

Ucef Posted 31 Oct. as Analysis on USD/JPY, Target: 120.0000, Date: 1 von December, 12:00 GMT  in #Technical analysis #Resistance #Patterns #USD/JPY #Breakout #Bullish #Harmonic Trading #Reversal Pattern #Uptrend
Daily analysis

USD/JPY facing strong trend line resistance around 121.50 (trend line joining 121.22 and 121.48) and any break above confirms further bullishness, jump till 122.40 is possible.
On the downside minor support is around 120.98 and break below will drag the pair till 120.50/120.30/119.95 in short term.
Further weakness can be seen only below 119.60.
It is good to buy only above 121.50 with SL around 120.98 for the TP of 122.40/123.10.
weekly analysis
USD/JPY opened the week at 119.30…
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Long-Term Reversal Also a Short-Term Range

Ucef Posted 30 Sep. as Analysis on USD/JPY, Target: 121.9240, Date: 2 von November, 12:00 GMT  in #Technical analysis #USD/JPY #Support Line #Fibonacci Levels #Retracement #Uptrend
Weekly :
USDJPY is captured between two ranges:
- Range 120 - 119.70
- The wedge pattern
The main reason why USDJPY cann't rally while other pairs go up is that:
- Investors still sell stock and hesitate in buying it.
The fear that FED would hike rate leading to higher borrowed cost make investors worry to continue buy equity.
However, I don't think higher borrowed cost is a big problem.
If FED hike rate by 1% : That is a big deal, but 25bp is not a big deal. As US economy still perf…
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Analysing USDJPY on the weekly and daily and 4H timefrimes

Ucef Posted 31 Aug. as Analysis on USD/JPY, Target: 111.2600, Date: 1 von October, 12:00 GMT  in #Technical analysis #Resistance #USD/JPY #Suport #Demand And Supply
Weekly view: What a week the USD/JPY pair has had! This has to be one of the most vicious buying tails (pin-bar candles) we’ve seen in a long time! Although price was actually stretched close to 600 pips during last week’s trade, the market closed a mere thirty or so pips below the prior week’s close (122.01) at 121.68 within a weekly swap (support) barrier at 122.01-121.40.
Daily view: From the pits of the daily scale, we can see that the 600-pip sell-off spike seen on the weekly scale took p…
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USDJPY : Buy the dips up to weekly supply

Ucef Posted 9 Sep. as Analysis on USD/JPY, Target: 106.3100, Date: 3 von November, 12:00 GMT  in #Technical analysis #USD/JPY
Weekly TF:
Follow-through buying is currently being seen on the USD/JPY after price broke above the weekly supply area at 105.432-104.065. From here, we see very little on this timeframe stopping price from hitting the heavy-weight weekly supply area at 110.652-108.123.
Daily TF:
The buying seen on this pair is pushing prices deeper within a daily supply ar ea at 106.946-105.083. This area will not likely hold up since most, if not all of the major supply has already been consumed, take a quic
…
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3 Kommentar
Ucef avatar
Ucef 22 Sep.

Update 1:  A new 3rd wave building.. a wave 3, 4 and 5 complete on the daily as well as an ABC and another wave 1 and 2, now building on wave 3 on the weekly time frame. This one will shoot for the stars a well.

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Ucef 26 Sep.

Update 2:  Till now we earned more than ( 3000 pips ).. That pair has been in a very strong up trend, but has also recently failed to make a new high. Now it's correcting, breaking the bull trend line, likely retracing by 38.2%, 50%, 61.8% . so it's advisable to wait for the correction to die out, before going long again. The USD is still the strongest currency, while the JPY is weak.

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Ucef 29 Sep.

Update 3:  the price is still going up. Because of this, it is likely that the price will reach the 110 level, which is the Significant Round Number. It is probable that the price will consolidate in this area. tomorrow a lower Japan Industrial Production m/m result will likely push the pair higher, this will definitely be the case if Chicago PMI and consumer confidence will be positive later in the day, which is a high probability.

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