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 ❤️Please, support my work with like, thank you!❤️
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! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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🔥 ✅Like and subscribe to never miss a new idea!✅
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! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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.
By checking the USDJPY chart in the 12-hour time frame, we can see that the price penetrated above the 151.920 level in the past few days to collect liquidity, and then it was accompanied by a price correction! On the chart, we see the creation of a large LV, which I expect to be filled in the medium term! By stabilizing the price below 151.500, we can more...
📈 Let's delve into the analysis of the USDJPY forex pair for the closing day of this week's market in the futures. 🕰️ Currently, this forex pair is suitable for logical trading on my watchlist. In the 4-hour timeframe, after an uptrend and revisiting the most crucial resistance level of this chart, we have reached it again. 📊 Following a correction from this...
USDJPY has reached but yet failed to cross over Resistance A (151.950) since last Wednesday. The prevailing pattern is a Channel Up so wait until a 1day candle closes over Resistance A and buy the break out. Target 155.500, which would be a symmetric bullish wave as the first one of this Channel Up. Previous chart: Follow us, like the idea and leave a...
USDJPY is preparing to continue its bullish trend amid strong sell-offs of the Japanese national currency. Medium-term target could be 155.0 Amid the change of tactics of the Japanese central bank, traders are still negative towards the JPY and are still very much increasing short positions. On D1 the market still has a strong buyer in the currency pair, this...
REASONS WHY !! The S&P 500 (SPX) has been a barometer of the U.S. economy and a benchmark for global equity markets. Here are some reasons why we believe it could reach the 5300 mark: Economic Recovery: The U.S. economy is showing signs of robust recovery from the pandemic-induced recession. This recovery is expected to drive corporate earnings growth, which is...
Happy Nowruz! 🎉🌟 Let's analyze this popular forex pair together. 📈🔍💼 Currently, after an uptrend in the daily timeframe, we have reached one of the most significant resistances in this currency pair.📦💡 The line at 151.750 is the most crucial resistance at the moment in the weekly timeframe, and after breaking this resistance, the possibility of starting another...
USDJPY also looks overbought to me. The resistance, that the price is currently testing, holds strongly. I believe that the market may retrace from the underlined blue area at least to 151.3 support. ❤️Please, support my work with like, thank you!❤️
By checking the EURUSD chart, we can see that after the growth of this currency pair up to the supply range of 1.093, the price faced heavy selling pressure and with a drop of more than 130 pips, it is currently trading in the range of 1.082! If the price can stabilize above the support of 1.07990 to 1.082, we can expect a small upward movement of the price!...
ECONOMICS:JPIRYY Japan Inflation Rate Lowest in A Year The annual inflation rate in Japan fell to 3.0% in September 2023 from 3.2% in August, pointing to the lowest reading since September 2022. Meantime, core inflation rate dropped to a 13-month low of 2.8%, slightly above market consensus of 2.7% while staying outside the Bank of Japan's 2% target for the...
REASONS WHY Economic Sentiment in Europe The economic sentiment in the European economy has shown signs of improvement1. This could potentially strengthen the Euro against the US Dollar. A positive economic sentiment often leads to increased investor confidence, which can drive up the value of the currency. 2. Interest Rate Decisions Both the Federal Reserve...
USDJPY is falling toward a support level that is close to 50% Fibonacci retracement and could potentially bounce off a pullback support that aligns the 38.2% Fibonacci retracement and rise toward the a pullback resistance. Alternatively, if price breaks below the pivot, it could continue to fall to another overlap support level Pivot: 1.0871 Support: 1.0799...
✅USD_JPY went up sharply But the pair is now overbought So as the price is retesting a Horizontal resistance level Of 151.902 we will be Expecting a local bearish reaction SHORT🔥 ✅Like and subscribe to never miss a new idea!✅