Market trend is down so I think this week falling the price so let's see the market what happened guys
USDJPY is in a well-defined bullish trend📈☝️ After the price broke out of the first zone, we can see that USDJPY continues to rise more. The upward move is only related to the fact that the BOJ is not taking further steps to support its currency and economy as well. As long as the BOJ will be in silent mode, there is no reason for the USDJPY to move lower. ...
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could potentially reverse from this level to our take profit. Entry: 156.58 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci projection. Stop loss: 158.25 Why we like it: There is a pullback...
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...
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USDJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. The hourly chart technicals suggests further upside before the downtrend returns. Risk/Reward would be poor to call a sell from current...
The absence of currency intervention will change the divergence of monetary policy towards the US dollar By examining the trend in the four-hour time frame, USD/YEN, while maintaining the important support interval in the range of 154.33-153.74, can increase to the resistance range of the ceiling of the ascending channel in the range of 161.30-160.21.
On the H4, USDJPY formed a symmetrical triangle pattern. The price broke above the trend line and is testing an important resistance area. A short-term bullish trend can be expected if the price breaks above the resistance. 🔼 Trade: Buy USDJPY on a breakout above 156.500; 🎯 TP: 158.000;
Preferred direction: SELL Comment: The Japanese yen , like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222 . Here we consider two scenarios. Scenario №1 involves shorting from the...
USDJPY has been on an uptrend the last 2 weeks but am seeing two possible case scenarios, if price touches 157.937 area we look for sells if price respects it.But if we go down ill look for buys at 154.101
USDJPY is neutral on its 1D technical outlook (RSI = 53.858, MACD = 0.730, ADX = 52.633) and is rebounding after almost the second 1D MA50 test in 2 weeks. The pair is capitalizing on the bullish momentum of the 1 year Channel Up but this rebound could be the last before a correction, as the price is very close to the HH top trendline. Our goal is still that top...
A possible drop on this pair, Mornitor the zone on daily and see if there's a possible drop from that area
Looking for a sell opportunity, if it break the support line and trendline. Waiting for a breakout and retest, then i will again enter into the sell trade. Use proper risk management. Thank you
My dear friends, USDJPY looks like it will make a good move, and here are the details: The market is trading on 156.41 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 155.17 Recommended Stop Loss - 157.21 About Used...
There is a potential trend reversal on the daily timeframe. Stop loss: 155.959 Take profit: 152
USDJPY Breaks their last HH, we open the instant trade entry at that point and put their stop loss at last lh
#USD/JPY bearish now Sell sentiment on ,usd going weaker so guys this the time to sell and book huge profits Follow my chart analysis
USDJPY has invalidated the doji signal and continued to increase in the past session. It has now approached the previous peak at 156.7, but has not yet shown a breakout signal. This price behavior is detrimental to our current selling strategy, but we still do not encourage you to change tactics because the risk of exchange rate intervention from the BoJ is still...