The USD/JPY has surged to multi-year highs in the 151.000s amid a broader strengthening of the US Dollar and shifting trade dynamics, exerting downward pressure on the Japanese Yen. Currently positioned at 151.590, the pair finds itself within a robust resistance zone, hinting at a potential retracement following the Federal Reserve's upcoming policy meeting. As...
USDJPY is rising toward resistance and could potentially fall to a support level that closes to the 78.6% Fibonacci retracement Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 149.62 Support: 148.11 Resistance: 150.92 Risk Warning: Trading Forex and CFDs carries a high level of risk to your...
USDJPY is now looking to become bullish. In case it continues to go up, deciding to go long in it.
USDJPY is testing a key daily horizontal resistance. The price formed a double top formation, approaching that. To sell the market with a confirmation next week, let the price break and close below 148.97. It will be a strong bearish confirmation. The price will drop then at least to 148.65 level. ❤️Please, support my work with like, thank you!❤️
Hello,Traders! USD-JPY keeps going up But will retest a horizontal Resistance soon at 149.682 From where we will be Expecting a bearish reaction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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! Like, comment and subscribe to help us grow! Check out other forecasts below too!
✅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🚀 ✅Like and subscribe to never miss a new idea!✅
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! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Trend continues for the next few days. Get in early, BUY now.
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! Like, comment and subscribe to help us grow! Check out other forecasts below too!
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...