FX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term.
The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of...
USDJPY is currently at the pivot and could fall toa pullback support level.
Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level which is close to the 161.8% Fibonacci extension. Addiontaly, there is bearish divergence
Pivot: 154.77
Support: 153.36
Resistance: 155.77
Risk Warning:
Trading Forex and CFDs...
Earlier in the week, USDJPY surged to multi-decade highs around 154.80 before retracing slightly from those lofty levels as the weekend approached. If the downward reversal gains traction in the upcoming trading sessions, support looms at 153.20 and 152.00 thereafter, with 150.80 possibly becoming a focal point if these price thresholds are breached.
On the flip...
The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle.
🌟 Bullish signals are:
- Bullish Cup & Handle
- Dynamic Support zone
- Ascending Triangle
previous analysis
⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed.
✅If this post was useful for you, like it ❤️...
The Bank of Japan (BoJ) increased its policy interest rate to 0.00-0.10% in March, bringing interest rates out of negative territory. Although the yen was expected to increase, the market witnessed a decline in the yen, causing the OANDA:USDJPY exchange rate to increase.
Although the Bank of Japan gave limited guidance on further policy tightening, markets...
USDJPY edged lower on Wednesday, stepping off its multi-decade high established in the previous session when the pair hit 154.78. Should the downturn reversal gain momentum later this week, support can be spotted at 153.20 and 152.00 thereafter. Below these levels, 150.80 may become a focal point.
Conversely, if USDJPY resumes its rally, resistance looms at...
US DOLLAR FORECAST – OANDA:USDJPY
- U.S. dollar loses ground on Monday ahead of high-impact events later in the week
- Core PCE data and Powell’s speech on Friday will be the center of attention
- This article examines the technical outlook for USD/JPY
The dollar fell slightly on Monday, but losses were limited by higher U.S. Treasury yields. Traders took...
OANDA:USDJPY FORECAST - TECHNICAL ANALYSIS
USD/JPY traded within a confined range on Thursday, lingering just below overhead resistance at 152.00. This technical barrier warrants close attention, as a breakout might prompt intervention from the Japanese government to support the yen. Should such a scenario unfold, a rapid reversal below 150.90 could occur ahead...
✅USD_JPY made a strong
Confirmed breakout of the
Key horizontal level of 152.000
Which was a resistance and
An ATH level but is now a support
Which, combined with the fact
That the pair is trading in a
Strong long-term uptrend
Reinforces our bullish bias
On the pair and makes us
Expect a further move up
LONG🚀
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Hello,Traders!
USD-JPY is trading in an
Uptrend and we are seeing a
Massive bullish breakout
Of the key horizontal level
Of 152.000 which was an
All-time-high so our bullish
Bias is confirmed and we
Will be expecting a further
Swing move up
Buy!
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USDJPY may retrace from a key daily horizontal resistance
based on the year's high.
As a confirmation, I see a double top formation with a confirmed
neckline violation.
Goals: 151.4 / 151.15
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Hello,Traders!
USD-JPY is going up
Again to retest the horizontal
Resistance level of 151.958
From where I will be expecting
A local bearish move down
Sell!
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This analysis is working together with the FX:EURUSD one and the entries need to be almost at the same time because it the same exposure on USD devise.
After a first miss of the short due to an anticipation of the price, we had a strong rejection of the previous high and it my signal to enter short.
Great Trade !
✅USD_JPY has retested a key resistance level of 152.984
And as the pair is already making a bearish pullback
A move down to retest the demand level below at 150.866 is likely
SHORT🔥
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Hello,Traders!
USD-JPY has formed a
Bearish wedge pattern while
Trading beneath the horizontal
Resistance level of 152.000
So we are bearish biased
And IF we see a bearish
Breakout from the wedge
Then we will be expecting
A further move down
Sell!
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ID has printed a 1h sell signal. The price has retraced to 4h supply zone. We should get a hard rejection off this area to the previous swing low/demand zone.
![USDJPY: [USDJPY] Second short try](https://s3.tradingview.com/i/ImSnbZiQ_mid.png "[USDJPY] Second short try")
