USDJPY is making higher highs and higher lows. It is in bullish Trend. But now it is making double top with RSI divergence. So place SELL STOP below HL. If it breaks higher low, it is most likely it will change its trend.
USDJPY analysis Time frame of 4 hours USDJPY can continue to fall by filling the 4-hour FVG
USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support. Pivot: 156.58 1st Support: 153.63 1st Resistance: 158.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be...
For both the bullish and bearish versions of the ABCD chart pattern, the lines AB and CD are known as the legs while BC is called the correction or retracement. If you use the Fibonacci retracement tool on leg AB, the retracement BC should reach the 0.618 level. Next, the line CD should be the 1.272 Fibonacci extension of BC. Simple, right? All you have to do is...
Buy momentum uptrend continues expected upside move ...looking for buy side
The yen’s exchange rate rose to the US dollar on Thursday in response to improving prospects for the Federal Reserve interest rate. The USD/JPY pair has declined to 153.88. After the US released up-to-date data on April inflation, the likelihood of a reduction in the cost of borrowing in the country increased markedly. Both the overall and the core consumer price...
Looking for a sell opportunity in UJ. Reason to sell: 1. if the candle breaks and retest the trendline, then go for sell. 2. forming 'M' Pattern in 5 minute chart. Use proper risk management. Thank you
Trying out new Types of Top-Down Analysis specifically for UJ. After analyzing my historical Forecasts, UJ was the Pair with the lowest Hit Rate. In other Words: Smart Money also fails to meet its Expectations, so I no longer rely on its Data, but continue to use it for Backtesting Purposes. This Pair has been moved against the Odds since the start of the Ukraine...
USDjpy broke below support ma on 4hr chart and declined rapidly, now rebound to test yellow declining resistance SCD band. Let’s see if sellers can push price down to test bottom bolinger on 4 hr chart. Sell 154.90 If price moves higher in to resistance I will look to increase my position.
my guess is if the banks wants to take my money the price will go way higher before it reaches my FVG
In 2024, the Japanese yen has weakened against major currencies. The Bank of Japan still continues the policy of negative interest rates, or the DAVIS (low interest rate) policies. Meanwhile, other central banks of the world increased interest rates very quickly in the last two years to deal with the rapid growth of inflation.
In the near future, USDJPY will show us significant growth. Please follow this case!! Against GBP, the USD is showing signs of decline, the Japanese yen is the opposite
USDJPY still seems to show the signs of bullish movement. Watch it keep climbing until right before the closure of market on Friday.
Again USDJPY is giving us a Christmas gift with awesome reversal point. Clean H4 FVG, range below the main trendline, fibonacci reversal level (50-61.8 zone) and bearish divergence on H4 timeframe. Everything is good to hold USDJPY till the level 146.5 where we will probably have a strong rejection. It will need some weeks, probably months, but we will get there
Based on the H4 chart analysis, we can see that the price has just reacted off our sell entry at 156.93, which is a swing high resistance. Our take profit will be at 154.60, a pullback support level close to 78.6% Fibo retracememt The stop loss will be placed at 158.00, which is a swing-high resistance level. High Risk Investment Warning Trading Forex/CFDs...
The USD/JPY is one of the sell pairs we have from the portfolio selection we did yesterday. The Major pull for us thinking of shorting this pair is the wave structure (3) Momentum Low; this price point has over 70% probability that at some time in the future, the price will come back there after a retracement. On Friday,15-minute timeframe, we saw a breakdown...
🏃♂️ USDJPY is moving in an Ascending Channel (in the Daily time frame ). 📈Regarding Classical Technical Analysis , USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern . 🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern . 👑 Position : USDJPY Position: Long Entry...
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was weaker than the market estimate of -15.%. On a quarterly...