I have analyzed why USD/JPY is repeating a similar pattern from 2022, and it's likely that we could see the same reaction. Please watch the video and share your thoughts. Follow for more breakdown!!
This morning, USDJPY dropped by more than 500 pips this morning. If you are looking for a reason why it happened, remember that historical structure always leaves clues. The price perfectly respected a historic structure of 1990th. Today, we see a perfect example how important are historical levels, and how the market remembers the things that happened more...
The pair just landed on a monthly support. It makes sense, the dollar index is also landing on an important demand area and the JYP is losing value. Check my previous post about this pair in the monthly timeframe. I just opened a long position, I will accumulate on the upcoming days.
As we can see from the chart above, the previously shared analysis hasn't changed (see chart below). From a technical point of view, we have considered the idea of a potential bullish swing developed with at least 3 legs, such as ABC for example )without excluding an impulsive structure 12345 with Target above the previous Top). Now, instead of following the pair...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 141.418 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection level Stop Loss:140.18 Why we like it: There is a pullback support that sts under the 100.0% Fibonacci projection...
USD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 143.035 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 144.718 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci...
USD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 143.058 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 144.538 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Take profit is at 140.949 which is a...
USD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 146.667 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 148.510 Why we like it: There is a pullback resistance that lies above the 61.8% Fibonacci...
Here is a video outlining our thought process and analysis on this trade pair. We are expecting to see a huge 2000 pips trading opportunity.
USD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 146.560 which is an overlap support that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 144.30 which is a level that sits under an overlap support that aligns with the 50.0% Fibonacci retracement level. Take profit is at...
USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 151.794 which is a multi-swing-high resistance that aligns with the 61.8% Fibonacci projection level. Stop loss is at 152.570 which is a level that sits above the 78.6% Fibonacci projection and the 127.2% Fibonacci extension...
Looks like USDJPY has broken down through the rising trendline, there was a slight recovery at the backend of Friday, this indicates we could see a short retracement from here to test the trendline break, and then down. The Yen performed well at the start of Friday, I don't believe this was BoJ intervention, as they have said that they expect the fundamentals to...
USDJPY is rising towards a swing-high resistance and could potentially reverse to drop lower towards our take profit target. Entry: 151.703 Why we like it: There is a swing-high resistance level Stop Loss: 152.087 Why we like it: There is a resistance level that aligns with the 100.0% Fibonacci projection level Take Profit: 150.579 Why we like it: There is an...
Daily/4h/1h time frames analysis. Price action. Important key levels. Potentials scenarios. Trading plan explained. ❤️Please, support this video with like and comment!❤️
The USDJPY has maintained its bullish momentum from the past few weeks. Last week, we witnessed this pair come with a deep to take out zone, create an impression of a bearish reversal, and then continue or resume its bullish trend. These are fakeouts, and they are very common occurrences in the market price movements. On the daily, 4-hour, and 1-hour timeframes,...
Thinking we're starting to see JPY strength, this is because it can't stay so weak for so long imho. Weak currency suits Japan as an exporter, to a point, but massively affects it's buying power, I do feel like we're approaching the end of this cycle of Yen weakness, by the end of this year. I think this pair broke the rising trendline but has struggled to get...
-SL @ 150.00 🚫 SLO @ 148.90 (conservative) ⏳ SSO @ 146.75 (moderate) ⏳ TP1 @ 142.66 (shaving 25%) TP2 @ 139.15 (shaving 25%) TP3 @ 136.60 (shaving 25%) TP4 @ 132.60 (shaving 25%) TP5 @ 130.50 (closing ALL Sell Orders) BLO @ 129.33 (1D) ⏳ -SL @ 128.25 🚫 PA is hanging out in the Supply Zone. 📉 Hopefully, it wicks up to our SLO and tanks
USDJPY could fall towards a pullback support and potentially reverse from here to bounce higher towards our take profit target. Entry: 149.208 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci retracement level Stop Loss: 148.519 Why we like it: There is a pullback support level that aligns with the 38.2% Fibonacci...