The Japanese Yen experienced a modest recovery from its one-week low against the US Dollar on Friday, hovering near the daily peak as the European session approaches. Investors are eyeing specific price levels for potential sell positions, as the currency nears key supply areas where a reversal may occur. Additionally, the 61.8% Fibonacci level is attracting...
Japan's Consumer Price Index (CPI) for January exceeded expectations, with the Core CPI reaching 2%, slightly higher than the anticipated 1.9%. Despite the yen's initial strengthening, the impact was minimal compared to previous rates of 2.3%. This uptick in inflation could signal a potential shift towards a more hawkish stance by the Bank of Japan, lending...
EURUSD is falling toward a support level and could potentially bounce off a pullback support that aligns the 50% retracement and rises toward the a pullback resistance
Alternatively, if price breaks below the pivot, it could continue to fall to another an overlap support level
Pivot: 145.89
Support: 143.89
Resistance: 148.72
Risk Warning:
Trading Forex and...
Hello,Traders!
USD-JPY is going down
But the pair will soon hit
A horizontal support of 146.065
From where I will be expecting
A local bullish rebound
Sell!
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✅USD_JPY is set to retest a
Strong support level below at 146.000
After trading in a local downtrend from some time
Which makes a bullish rebound a likely scenario
With the target being a local resistance above at 147.884
LONG🚀
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Hello,Traders!
USD-JPY collapsed from
The parallel range pattern
And is locally oversold
So now we are already
Seeing a bullish rebound
From the support of 147.600
And I think that the pair
Will go further up
Buy!
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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 Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the...
The analysis on XAUUSD highlights a likely corrective period for gold, in line with the movement of the US dollar and Treasury bond yields. After a period of steady growth, the price of gold is now consolidating recent gains, with the Relative Strength Index (RSI) signaling a high level of overbought conditions, potentially foreshadowing an imminent downward...
Hello,Traders!
USD-JPY is trading in an
Uptrend but is now
Stuck in the kind of a
Parallel range pattern,
Accumulating for the
Next move and as the
Pair is going down to
Retest the support of 149.500
I think we will see a
Strong bullish rebound
Buy!
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Hello,Traders!
USD-JPY is trading in a
Strong uptrend along the
Rising support line and
I am bullish biased so
I will be expecting a
Further move up
Buy!
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USDJPY continues to grow. The price is standing still, but it is forming an ascending triangle relative to the maximum. Buyers are interested in further growth, as a consequence, the price reflects their interest.
Reasons for further upside:
1) Bullish trend
2) Fundamentally weak yen continues to weaken against the dollar
3) Price is forming a consolidation in...
The DXY's recent sharp uptick fell short of breaking past the previous downtrend pivot, suggesting a potential pullback to retest lower levels. Watch for possible fall.
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,Traders!
USD-JPY is trading in an
Uptrend and the pair
Is now retesting the
Key horizontal level
Of 149.720 from where
I think we will see a
Further move up
Buy!
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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...
We're aiming for the price to reach the Optimal Trade Entry (OTE) Area, which also coincides with an (OB) and liquidity resting on the 4-hour chart. This convergence could potentially trigger buy signals.
