JPY pairs Weekly Outlook and Trade Setups

This setup will be for tomorrow. It looks very reliable

Yes bro, it has been doing higher lows for months at a fresh supply zone. Every push downwards meets bulls. I have a guy that has sold UJ many times now and get stopped out before his eyes 👀 he executes based on reaction.

Anyone reading this especially if you're a beginner or intermediate don't trade based on reaction, always wait for confirmation. Nothings pays better in trading like discipline and patience.

USDJPY- I spotted an Ascending Triangle. This Chart pattern often signifies Trend continuation and in rare cases trend reversal.
It means buyers are putting pressure on sellers at a resistance zone, while sellers are fighting back trying to maintain their dominance. Eventually, buyers overpower them and breaks above the zone. Just as is seen on the USDJPY charts.

Resistance will become support as price often comes back for a rebound and then continues it's rally.

Oh cool. I didn't know that. I haven't watched YouTube for a long time. Busy watching my charts.

I don't watch chart shaa

USDJPY Update- Price is back for a retest of the 162.84 price Level. Wait for the low to form completely before entry. Price might intend to fill up the rejection wick first, before continuing the buys.

USDJPY Update- Price is back for a retest of the 162.84 price Level. Wait for the low to form completely before entry. Price might intend to fill up the rejection wick first, before continuing the buys.

USDJPY Update- After the breakout from the Ascending Triangle yesterday, price is back for a rebound of the Flip zone (resistance turn Support) at the 162.84 price region.
To trade this rebound, wait for a solid low to form either on the daily or the 4hr, before joining the buys, as price might create a fake out before continuing the buys from the level.

I see that it has rejected from that support level already, then there may be no need for deeper retracement

It's safe to buy from there though, but make sure your use confirmation

Still watching it. If it flips the daily bullish, then it will continue, but if it doesn't price can come back to fill up that rejection wick creating a double bottom at the zone before continuing the rally.

I'll love to see a double bottom at the zone before going for the buys. That would mean price has gained balance at the zone and has no need of declining down anymore.

Watch out for how and where price will react from. For me it's just floating 😂

Lol. That's why I have to wait to conclude it's play. Patience here is the real deal, when USDJPY is in this particular mode.

USDJPY- Invalidation of this bearish trendline then it will continue it's rally, otherwise, it will drop down to create the double bottom.

GBPJPY- 4hr Trade Setup
Bias- Bullish
Technical outlook: Potential Bullish Flag Breakout

Spotted a Bullish flag forming on GBPJPY on 4hrs after the impulsive buys it had last week.
Bullish flags are consolidation patterns that often signify trend continuations when price breakout of it.
It's a phase when price rests and corrects after a strong bullish move, before continuing another rally. On GBPJPY a break above 218.41 will confirm the consolidation is over, and price is ready to continue it's rally.

That's fine.

When I'm active to trade, I stay on my charts. That's what I mean. When I'm done, I go off and do other things. I hardly go on YouTube anymore except news events take me there, but not for trading analysis.

This UJ will just continue its rally from here if care is not taken.

Lol. That's why I have to wait to conclude it's play. Patience here is the real deal, when USDJPY is in this particular mode.

There's nothing on USDJPY for now. So it's to wait for price to do what ever it's up to