This morning, USDJPY dropped by more than 500 pips this morning.
If you are looking for a reason why it happened,
remember that historical structure always leaves clues.
The price perfectly respected a historic structure of 1990th.
Today, we see a perfect example how important are historical levels,
and how the market remembers the things that happened more...
i sell it coz even when dollars down he not down and so many ti_me BOj talk about to intervene.
i think they will do soon and if not a big pullback have to happens
u can put ur stop lost at 155.6 if u want a bertter RR but i scare about a big leg up
..n,o comment it will fall before friday 3 may at end of week
its too much
i got stopped on my first trade and with the move he done friday i willing to get back my loss + many profit
so this trade is not 1 lot but 5 lot !!!!!!!!
USD/JPY: Breaching 158.500 signals potential run to 160?
The JPY weakened below 158.200 against the dollar. It is the first time since May 1990 we have seen this exchange rate for the USD/JPY. The reason is being attributes to the Bank of Japan keeping interest rates unchanged last Friday.
With the USD/JPY comfortably above both the 50-day and 200-day EMAs, a...
OANDA:CADJPY
The pair is immensely overbought, and amidst significant divergence, a new HIGH is being formed and the support is about to give way. This is the point from which the pair will begin its demise (in my opinion, of course), which will be largely fueled by the Yen. The trade is moderately risky as we have no means of knowing when and how the BoJ will...
OANDA:EURJPY
The pair is extremely overbought also shows signs of divergence. A clear doubletop is forming. At the moment the price action is largely dependent on BoJ decision, but it seems that it is ready to support the Yen. The trade is risky, but the reward is considerable.
Long-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level.
1st target = 170 (0.382 FIB)
2nd target = 160 (156-157 - resistance/support of the past price action).
26th April
DXY: Consolidate along 105.60, could retest 106, but likely to range between 105.60 and 106
NZDUSD: Sell 0.5945 SL 20 TP 40
AUDUSD: Buy 0.6550 SL 30 TP 60
USDJPY: Watch for 157, could scalp up to 158
Sell Stop in place, in case of intervention
GBPUSD: Sell 1.2520 SL 30 TP 90
EURUSD: Buy 1.0760 SL 40 TP 100 (hesitation at 1.0815)
USDCHF: Sell...
Since January 2023, the USDJPY has been on an astronomic rise, driven by the significant divergence between FOMC and BoJ monetary policies.
The initial market expectation was for the BoJ to intervene when the USDJPY approaches the 155 price level.
Today the Yen has come under fresh selling pressure, as the BoJ kept rates on hold, taking the USDJPY above...
I like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE.
The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower.
Sell entry is at 194.91 which is a pullback resistance.
Stop loss is at 195.47 which is a level that sits above the 127.2% Fibonacci extension level and the pullback resistance.
Take profit is at 194.14 which is a pullback support that lies above the...
Drawing on the charts, nothing else to it than that.
Glassy, Grassy, Miami, ascii, chassis, tallahassee.
...
For some reason the circles always shift whenever I try to use them as a published idea. Trading View should fix that. The circles should line up with the highs of each section.
...
sassy, classy, grammy.
Some words that rhyme with Jasmy.
...
Let's...
GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 190.29 which is a pullback support.
Stop loss is at 189.88 which is a level that lies underneath a pullback support and the 61.8% Fibonacci retracement level.
Take profit is at 191.63 which is a pullback resistance that aligns close to the...
At the beginning of April, Japan's ex-FX diplomat Watanabe said that the BOJ were unlikely to intervene with USD/JPY below 155. Well now the pair trade less than 80 pips beneath this key level (and less than a day's trade by recent standards), 155 is certainly the level to watch today.
The strength of the bullish 1-hour trend makes it seem that USD/JPY has little...
In addition to the eagerly awaited US data slated for release this week, investors will be keeping a close eye on the Bank of Japan's interest rate decision scheduled for Friday.
Market expectations lean towards the BOJ maintaining its current rate settings during Friday's announcement. However, analysts and investors will scrutinize the central bank's...
Hedge funds are betting big against the Japanese yen, driving short positions to their highest level since April 2022. This aggressive stance comes despite warnings from the Bank of Japan (BOJ) that it will intervene in the currency market again to defend the yen if necessary.
The data, compiled by the Commodity Futures Trading Commission (CFTC), shows a surge in...
