JPY pairs Weekly Outlook and Trade Setups

USDJPY- Trade Update
The week started with reactions from the support Level at 158.53, preventing price from declining downwards, while price is struggling to break above 159.500 resistance level.

USDJPY- Trade Update
The week started with reactions from the support Level at 158.53, preventing price from declining downwards, while price is struggling to break above 159.500 resistance level.

USDJPY- Thursday Update
Price is bearish on the daily after the massive sells yesterday invalidating the bullish trend support at the 158.53 price level. Expecting the sell continuation today.

USDJPY- On the 4hr, the trend support was invalidated, and price has broken below 158.53. I'll be looking for price to retest the level for sell entries with SL at 159.00

CADJPY- Daily Update
Bias: Bullish
TF: 4hr/1hr/15mins
Technical Outlook: Bullish Ascending Channel

Idea/Approach: Price has been on a consolidation rally to fill up the huge bearish imbalance caused by BOJ intervention on JPY last month because the interest rate was very low.
The fill up is almost complete, and two possibilities can happen. Either, price will continue bullish, or react at the 115.39 proximal weekly supply zone, for strong sells.

CADJPY- Thursday Update
Price is continuing the heavy sells of yesterday in Asian session with possibility of driving down to 113.33 price level as a support for rebound.

GBPJPY- Trade Setup
Bias: Bearish
Type-Short
TF-15/30mins
Idea/Approach: Waiting for price to rebound at 215.40, then correct for a retest of the 215.72 price level for entry, then Target profit level at the 215.00 or below yesterday's Low.
Execution-Pending order
Entry- 215.72
SL-215.93
TP-215.00

Comment: Sells on JPY pairs are usually low probability cause bullish spikes can happen, so I'll only enter on confirmation.

USDJPY- Thursday Update
Price is bearish on the daily after the massive sells yesterday invalidating the bullish trend support at the 158.53 price level. Expecting the sell continuation today.

GBPJPY- Thursday Update
GJ was not left out with the massive sells across JPYs yesterday Still expecting the sells to continue today down to 210,00 price level at least.

USDJPY- Intraday Update
Expecting at least brief sell reactions at the 158.53 resistance price level, before the rally continues.

USDJPY-Trade Setup
Trade type: Short
Entry: 157.517
SL: 158.41

USDJPY- Trade Setup
Trade Type: Short
Entry: 157.97
SL: 159.00
TP: 155.50

Comment: This is a mid-probability trade setup. I'll be using a confirmation entry pattern for execution instead of pending order.

USDJPY Trade Update
This setup is executed this week.
Reason: I waited for price to respect the confluence level at 158.53 and create a reversal pattern.
I took the sell trade.
Entry: 157.58
SL: 158.42
TP: 155.56

USDJPY- Trade Idea
1hr bearish flag pattern has been invalidated, a bearish reversal pattern on 15mins is formed and Price is confined to a 4hr/D1 bearish channel so I took the trade.
Entry: 157.51
SL: 158.41

You have entered the trade already

USDJPY Trade Update
This setup is executed this week.
Reason: I waited for price to respect the confluence level at 158.53 and create a reversal pattern.
I took the sell trade.
Entry: 157.58
SL: 158.42
TP: 155.56

USDJPY- Trade Idea
1hr bearish flag pattern has been invalidated, a bearish reversal pattern on 15mins is formed and Price is confined to a 4hr/D1 bearish channel so I took the trade.
Entry: 157.51
SL: 158.41

USDJPY-Trade Setup
Trade type: Short
Entry: 157.517
SL: 158.41