Greetings, everyone! Today, the USDJPY pair extends its recovery streak, oscillating around 147.67, buoyed by a resurgence in the US Dollar from last night's momentum. A new support level has emerged around the 146.75 mark. The Japanese Yen (JPY) struggles to capitalize on the day's modest gains, marking its third consecutive day of decline. Thus, we remain...
Hello everyone, let's discuss and strategize for the upcoming week! In general, there has been significant volatility in USDJPY during the last trading session as it slipped below the 145.50 level. It is currently trading at 147.05, after reaching a low of 146.53, marking a 0.67% decline for the day. Considering the influencing factors: USD/JPY continues its...
This time we view the USDJPY pair from a very long-term perspective as there has been much confusion lately over its trend and we want to put things into context. As you can see on the 1M time-frame, the price is getting out of a consolidation phase (blue ellipse) that has been lasting for a little more than a year. The rally since the January 2021 bottom has been...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking at UJ it does look heavy, also on other jpy crosses they are turning with Lower low and lower highs. Could likely continue the downtrend with jpy strengthening~ Do check out my stream video for the week to have more explanation in place. Do Like and Boost if...
FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job. On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a...
With a new review of the Euro/Dollar chart, we can see that the price has been corrected by entering the old FVG range and is currently trading in the range of 1.08 ! The first scenario is the fall from this range and the second scenario is the first rise to 1.087 and then the start of the fall again! Considering today's important meeting of the Federal Reserve,...
Hello everyone, today the USDJPY has been trading around the 150.500 mark during the early trading hours of the weekend. This pair found support at 150.42 and retested the 34 EMA line. Trend Forecast: USDJPY is expected to continue its upward momentum and is forming a double top pattern as indicated on the chart. We will consider a sell strategy if USDJPY reaches...
Today, the USD/JPY is trading around the 149.90 level, approaching a nearby support level with a predominant sideways movement, tilting the short-term outlook in favor of bearish momentum. In the hourly timeframe, USD/JPY is exhibiting a Symmetrical Triangle pattern and has made a downward breakout. Should the current support be breached by a Double Top pattern,...
Feb 21st DXY: Break 104.10 could climb to 104.40 (needs to stay above 103.75) NZDUSD: Reject resistance, Sell 0.6240 SL 25 TP 65 AUDUSD: Sell 0.6540 SL 15 TP 45 USDJPY: Buy 150.50 SL 20 TP 40 GBPUSD: Sell 1.2610 SL 30 TP 70 (Hesitation at 1.2585) EURUSD: Sell 1.08 SL 15 TP 35 (Could go a lot lower) USDCHF: Sell 0.8790 SL 30 TP 70 USDCAD: Sell 1.3535...
The AUD/USD maintains slight gains above 0.6500 after the release of Chinese inflation data, which were mixed. In January, China's Consumer Price Index (CPI) fell by 0.8%, compared to the expected -0.5%. The US dollar recorded further losses after reaching a new annual high above 104.00 in the US Dollar Index (DXY) earlier in the week, amidst investor realignment...
GBPAUD shows a bullish structure in H4 with the price returning to test the supply zone. Here, the price could reverse towards 1.9280, where we find strong liquidity corresponding to a daily low on M15 and a swing low on H4. Personally, I am waiting for a structural change on M15 to enter the market. I will keep you updated on the situation. Greetings from Nicola...
Expecting price to mitigate the 50% of the previous Bullish Impulse. Now, we had our first Bearish signal, and a Sell Limit is sitting at the OTE Level of the latest impulse. We also have the confluence with a 30m OB+.
🇺🇸🇯🇵 📊Analysis of the Japanese yen In the medium term, the market is on an upward path and can reach the range of 149.500 and complete 5 ascending waves. Currently and in the short term, the market is in a downward correction as wave 4 and it can return to the upward trend by maintaining the range of 147.700 and 147.500 as support again.
Hello dear friends! In today's trading session, the upward trend continues, with USDJPY currently trading at 148.52, up 0.14% for the day and remaining stable at a high level. The Japanese Yen has recovered slightly from its low earlier this year, amid the Bank of Japan's hawkish stance and political risks. The US dollar has halted its rally after the Non-Farm...
My dear friends, My technical analysis for USDJPY is below: The market is trading on 146.65 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 148.64 Recommended Stop Loss - 145.57 About Used Indicators: A pivot point is a technical analysis indicator, or calculations,...
Hello,Traders! USD-JPY went up sharply And the pair has reached A horizontal resistance level Of 148.800 from where I think we will see A local bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
XAGUSD presents a bullish structure on the daily chart, where the price has bounced off the 0.705 Fibonacci level after entering the demand zone. I now expect the price to experience further growth towards the liquidity zone at the 24.20 level, as the previous liquidity area has already been filled. It is highly likely that the Federal Reserve will keep interest...
USDJPY (D) Continue to give a sell signal on frame H1 after frame D appears with a set of bearish candlesticks. Sell now at: 147.617 Stop loss at: 147.947 Take profit 1 at: 146.811 Take profit 1 at: 145.74 Note: capital management 2%.