I think that retail traders in the main are expecting this pair to crash from 150, I have been, and it may well do (as per my related idea below)... Commentators and past experience suggests that the BoJ will intervene around 150 to 151.5 because they have to, due to the debt relationship with the USA, they're stuck between a rock and a hard place. We all know...
UDSJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 149.418 Why we like it: There is a pullback resistance level Stop Loss: 150.158 Why we like it: There is a swing-high resistance level Take Profit: 148.409 Why we like it: There is an overlap support level Please be...
USD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 149.414 which is a pullback resistance level. Stop loss is at 150.160 which is a swing-high resistance. Take profit is at 148.406 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level. High Risk...
I'm expecting USDJPY to carry on meandering towards the 150 mark, and it's at this level that we've previously seen BoJ step in to defend their currency, We saw the same in June / July 2022, and I think we'll see it again. BoJ has started hinting at a change to monetary policy for the first time in a long time, we saw a very small reaction in the past week to...
After the completion of the 5th leg, the US DOLLAR is expected to reverse direction to the downward.
Price action analysis for USDJPY. Important key levels. Potential scenarios ahead of FOMC. Your trading plan explained. ❤️Please, support this video with like and comment!❤️
-SL @ 150.00 🚫 SLO @ 148.90 (conservative) ⏳ SSO @ 147.75 (moderate) ⏳ TP1 @ 142.66 (shaving 25%) TP2 @ 139.15 (shaving 25%) TP3 @ 136.60 (shaving 25%) TP4 @ 132.60 (closing ALL Sell Orders) BLO @ 129.33 (1D) ⏳ -SL @ 128.25 🚫 ADDITIONAL INFO: 📈 Price Action is nearing our SLO. Just a few more pips to the upside, our SLO will trigger, and it's off to the bank...
On the H4 timeframe, the pair broke above the upper level of a descending channel, and is encroaching towards the previous high at 146.500. With this break to the upside, price elevation beyond this level would be our upside confirmation to the next high at 148.800. This also coincides with our 27.2% fibonnaci retracement levels. The pair is also above the...
USDJPY is trading in a bullish trend. The price is currently retesting a recently broken horizontal key level. Approaching that, the market formed a double bottom pattern, violated a resistance line of a falling channel then. I expect a bullish movement to 145.64 / 146.0 ❤️Please, support my work with like, thank you!❤️
Nor confirmed yet but the pair just hit an important resistance and is forming a rising wedge. I just opened a small position with tight SL, not risking too much BC it can break up. If it breaks down the wedge I'll add.
00:00 Swing vs Position Trades 01:45 Supply / Resistance 02:36 Entries and Targets 04:16 Intermediate vs High Time Frame 05:43 Demand Zone (3H) 07:42 Day Trade Opportunities 10:37 Boost, Follow, Comment, Join MAJOR RESISTANCE @ 149.00 -SL @ 147.60 🚫 SLO2 @ 146.60 (conservative) ⏳ SLO1 @ 145.15 (aggressive) ⏳ SSO1 @ 143.10 (aggressive) ⏳*** SSO2 @...
Here is my latest structure analysis for USDJPY Horizontal Key Levels Support 1: 137.24 - 138.05 area Support 2: 135.20 - 135.46 area Support 3: 133.00 - 134.24 area Resistance 1: 144.80 - 145.05 area Vertical Key Levels Vertical Support 1: Rising trend line Consider these structures for pullback/breakout trading this week. ❤️Please, support my work...
-SL @ 107.10 🚫 SSO1 @ 106.25 ⏳ SSO2 @ 103.88 ⏳ TP1 @ 95.78 (shaving) MP @ 90.45 (shaving) TP2 @ 90.45 (shaving) TP3 @ 86.52 (closing ALL Sell Orders) BLO1 @ 79.00 ⏳ BLO2 @ 75.46 ⏳ -SL @ 73.80 🚫
Multiple time frame analysis for USDJPY. Price action & key levels. Trading plan for FOMC explained. ❤️Please, support my work with like, thank you!❤️
USDJPY is trading in a strong bullish trend on a daily. Ahead, I see a solid horizontal resistance from where the market may initiate a correctional movement. Analyzing a price action on 4H time frame, I noticed that the pair started to slow down. The price is currently trading within a rising channel. To catch the initiation of a correctional movement, wait...
AUDUSD H8 Really closing in on that buy zone here on AUDUSD... this next LTF wave should see us pin into our anticipated support zone for longs up towards that major area of resistance again. GBPUSD and XAUUSD also nearing areas of support, so from a pair comparison purpose. It makes sense too.
SLO2 @ 154.90 ⏳ -SL @ 149.00 🚫 SLO1 @ 146.50 TP1 @ 131.00 (shaving 25%) TP2 @ 117.75 (shaving 25%) TP3 @ 108.15 (shaving 25%) TP4 @ 108.15 (shaving 25%) BLO1 @ 80.60 ⏳ BLO2 @ 77.85 ⏳ TIMELINE 00:00 SHOUT OUT TO BRAD MCAFEE 00:40 FXCM Historical Data 02:05 Institutional Buying Range 02:54 Price Action 03:35 Supply Zone 04:47 Shaving at each TP 05:15...
The Japanese Yen (JPY) recently bounced back from its lowest point in seven months against the US Dollar (USD), following a statement from Japan's leading currency official that they are open to considering all possibilities regarding the currency. The recent depreciation of the Yen has been attributed to a policy gap between the accommodative Bank of Japan (BoJ)...