GBPJPY showed sharp gains on Mondays Asian and European sessions with the pair rising from a bearish 151.500 to 153.750 at its peak, looking primed to continue back towards the 155 mark which the bulls have been pressuring and sustaining since late May. Coming into todays European session, the currencies volatility had worn off and the pair has been stuttering...
the currency pair afyAfter the publication of the statement on the monetary policy of the Bank of Japan, the currency pair hit local targets with a small impulse and stopped there. the stop occurred at a strong support level: 1.psychological level 110.00 2.test of the line of control of the upward movement 3. retest of local highs of the previous trading...
The Japanese yen continues to drift. Currently, USD/JPY is trading at 107.20, down 0.13% on the day. It was a quiet week for the yen, which recorded small losses after three weekly gains. The yen has enjoyed an excellent month of April, rising 2.6% against a struggling US dollar. Last week, the yen touched a low of 107.47, its lowest level since March 4th. The...
The Federal Reserve in the U.S. and the Bank of Japan have their April policy meetings taking place this week, which is likely to boost the underlying volatility currently observed on the USDJPY. At present, the price action is contained within the boundaries of a Descending Wedge, which is a type of pattern that typically entails the likely continuation of...
Hello, US yields still has a chance to remain the number one topic. If so, the pair has a chance of continuing their gains towards 111.70, with two targets at the lower levels. Risk factor: cooling down of market sentiment due to China / Taiwan and Russia / Ukraine + covid Buying dips toward 108.65 / 60 Stop below 108.34 Target 1: 110.45 Target 2:...
The Japanese yen is almost unchanged in the Monday session. Currently, USD/JPY is trading at 108.74, down 0.09% on the day. The Japanese yen remains vulnerable and the symbolic 109 level is under strong pressure. The dollar has had its way with the yen in 2021, as USD/JPY has jumped 5.5% this year. Last week, the pair climbed to 109.36, its highest level since...
Hi, bulls are approaching 110, looks like we might see that level ahead of Wednesday,s FOMC. Buying dips towards 108,60 Stop below 108,35 target 110 Good luck
Today we are considering the possibility of buying EUR, but against JPY. Here we are in a definite upward trend of the larger periods and the opportunity to enter at the moment is from H1. In the last few days we have seen a corrective movement that has been broken. This allows the price to continue to 130.23. In order to have the strength to continue this...
Trade Safe - Trade Well Regards, Michael Harding 😎 Chief Technical Strategist @ LEFTURN Inc. RISK DISCLAIMER Information and opinions contained with this post are for educational purposes and do not constitute trading recommendations. Trading Forex on margin carries a high level of risk and may not be suitable for all investors. Before deciding to invest in...
With the new strain of the Coronavirus causing concern across the world, many countries that continue to battle the Coronavirus hope that the vaccine gives them a head start before the strain does any more damage. This week will also see a new President take office, Democrat Joe Biden, on the 20th January US Local time. Here is your week ahead. All dates are in...
📌 @ridethepig G10 FX Market Commentary 18.12.2020 What was the point in BOJ meeting overnight? Finally extensions of the handouts coming from the Japanese base, and remarkably the 103.0x was rescued via lack of conviction from macro players to chase it lower. Buyers now can play the break, undoing their opponents work and imagine the test of 105 as being...
Before: Amid a lacklustre open to the trade session EUR/JPY has taken an early lead in development especially within the daily uptrend. As we are seeing a nice break-out continuation, we should see the final leg to the upside relatively soon. Latest news from this morning: BoJ Governor Kuroda says they are closely watching FX moves but will not comment on...
Heading towards major resistance; currently in consolidation. RSI>50 Stoch oversold Good luck and follow me for more
Head and shoulders with plenty momentum( entry point passed). RSI < 50 pointing downwards Stochastic overbought. Target is indicated at Fibo levels 0.236 0.382 Good luck and follow me for more.
Head and shoulders and a downtrend continuation bearish triangle + elliott triangle waves Good luck and follow me for more
Hello, the yen weakens with rising yields, maintained "vaccine" sentiment EURUSD is technically supported around 1.1760 / 40 USDJPY technically looks good Looking for so called "double kick" Buying at/around 123.85 and 123.25 Stop below 122.75 Target 1 126 Target 2 128 Good luck
Hi, a firm return from below 103.50 thanks to rising yiekds is not complete in our opinion The combination of 'fast money' and more short squeeze can push price higher towards 107+ Risk factor: yields / market sentiment Looking to buy on dips towards 105 and 104.4 Stop below 103.60 Target 107.20 / 30 OR Buy on the break of 105.60 (on the retest) Stop...
🔸 USDJPY - into the elections Sellers have the move and already played the exchange towards 100 on the initial covid chapter I. They are aiming for the ideal Yearly closing position (the frontal attack against any laggards). I managed to carry out the deeply laid plan (a serious contender for chart of the year) at the beginning and by not being as familiar...