USDJPY - Intraday - We look to Buy at 137.63 (stop at 136.77) We are trading at overbought extremes. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward. Our profit targets will be...
USDJPY - Intraday - We look to Buy at 134.08 (stop at 133.15) Prices have continued the bullish move higher and resulted in 2 consecutive positive days. We look for gains to be extended today. A weaker opening is expected to challenge bullish resolve. Prices expected to stall near trend line support. Dip buying offers good risk/reward. Our profit targets will...
USDJPY. Pennant Chart Pattern formed on the H2 Time Frame. Long Trade Idea.
$YEN - CPI DAY! One of my favourite pairs to trade whilst we get data, most important is CPI - keep an eye! Have a great day ahead, TJ
After the sharp downward movement, the Dollar/Yen, experiences a price correction to its support range, around 133 to 134.
USDJPY - Intraday - We look to Sell at 132.47 (stop at 133.84) Our outlook is bearish. The continuation lower in prices through support has been impressive with strong momentum and shows no signs of slowing. We can see no technical reason for a change of trend. Preferred trade is to sell into rallies. Further downside is expected. Our profit targets will be...
The Japanese yen rose to 133 against the dollar ( USD/JPY ), recovering from its 24-year lows. Short-term tailwinds are supporting the yen as the market has repriced Fed interest rate risks to the downside and has already priced in a rate cut in the first half of 2023. The yen is currently doing well in its traditional role as a recession hedge, with the US...
USDJPY - Intraday - We look to Sell at 137.29 (stop at 137.99) Posted a Bearish Outside candle on the Weekly chart. This is negative for sentiment and the downtrend has potential to return. A firmer opening is expected to challenge bearish resolve. Resistance is located at 137.33 and should cap gains to this area. Preferred trade is to sell into rallies. Our...
USDJPY - Intraday - We look to Buy at 137.53 (stop at 136.50) A sequence of weekly higher highs and lows has been posted. We can see no technical reason for a change of trend. There is scope for mild selling at the open but losses should be limited. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward. Our profit...
USDJPY - Intraday - We look to Buy at 136.36 (stop at 135.96) The primary trend remains bullish. The continuation higher in prices through resistance has been impressive with strong momentum and shows no signs of slowing. A lower correction is expected. A Fibonacci confluence area is located at 136.33. Preferred trade is to buy on dips. Our profit targets...
The USD/JPY daily chart shows a bearish divergence pattern as prices surged to new 20-year highs this week, while the relative strength index (14-day RSI) declined significantly from overbought levels. The Moving Average Convergence Divergence (MACD) is nearing a bearish crossover, as the MACD line (blue line) is sloping lower and may intersect the signal line...
After last night big bearish move and the first bearish daily candlestick, Price is under broken wedge top and ready to goes down after complete AB=CD pattern. The stop loss is so obvious, its above broken wedge, Risk reward is so logical, So, its time to short dollar VS yen.
Trade Idea: Yen emerging as a safehaven? (Finally!) Reasoning: Broken down from a range, targeting lower prices. Entry Level: 128.69 Take Profit Level: 125.97 Stop Loss: 129.39 Risk/Reward: 3.89:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
Trade Idea: Calling a top on USDJPY Reasoning: Price action stalling? Entry Level: 129.95 Take Profit Level: 128.62 Stop Loss: 130.52 Risk/Reward: 2.35:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
As FOMC member George is going to speak within minutes, DXY volatility is possible (As I published DXY in pre-week analysis, that's going to hit it's DZ). Always remember to manage your risk.
The usdjpy pair has seen an impressive move over the past 2 weeks breaking out of a range. This trend appears to have a great fundamental case as the fed has a clear path to hike rates. The rate differential trade could price this upwards of 125. Technically, this chart appears to have put in a top. The move after the fed announcement creating the large 4 hour...
In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen. 1.) Higher Interest Rate in the U.S 2.) Bond Yield Differential 3.) High U.S Inflation pushing Rate Hikes From Federal Reserve We also have some key technical levels to watch out for at 120.00 on the exchange rate.