Here I have USDJPY on the Weekly Chart! Price has been meeting all the criteria since its LOWEST LOW recorded @ 75.565 in Oct. 2011 to have then started what looks to be a Correction Wave (ABC). *This Low also seems to have been the completion of the 5th Wave of the Impulse Wave since UJ hit markets in Jan. 1971!! On the chart you will see that we have continued...
FX:GBPJPY is preparing to continue its growth amid the strong weakening of the Japanese national currency. Japan's central bank has been underperforming and is not about to do so. The strong bullish trend in the currency pair may be continued. There are no prospects for a trend change. The key target at the moment is 195.844 On H1 it is worth paying attention...
Greetings, everyone! Today, USDJPY has continued its triumphant rally, with trades soaring above the 151.00 USD mark. The pair successfully closed above the resistance level of 150.700, hinting at the potential for further ascents. This surge comes on the heels of the Japanese Yen hitting a multi-month low following the Bank of Japan's modest rate hike on Tuesday....
Greetings, everyone! Today, the USDJPY pair extends its recovery streak, oscillating around 147.67, buoyed by a resurgence in the US Dollar from last night's momentum. A new support level has emerged around the 146.75 mark. The Japanese Yen (JPY) struggles to capitalize on the day's modest gains, marking its third consecutive day of decline. Thus, we remain...
Hello, dear friends. Today, USDJPY continues its unabated downtrend, currently positioned at 146.68, shedding 0.25% for the day. Expectations are mounting that the Fed may ease its tight policy stance in June, which has put pressure on the US Dollar, bringing the US Dollar Index down to 102.70 against a basket of six major currencies. Additionally, increasing...
Hello, dear friends, what are your thoughts on USDJPY? In a sharp contrast to its counterparts like EURUSD and GBPUSD, USDJPY has been bearing the brunt of severe downward pressure, with its value diminishing further on Thursday. Currently, this currency pair is hovering around the 148.50 mark, shedding 0.56% over the day. This pair finds itself in troubled...
Hello dear friends ! Today the USDJPY pair still retains a deep trading surrounding 150.32 and maintains the sideway trend. It is expected that today's price will not have any significant breakthroughs because there will be no information in this published today. Resistance level: 150.64, 150,800 Support level: 149.95, 149,700
Today, the USDJPY experienced a dramatic plunge. Prices tumbled relentlessly from a peak of 150.844, settling around 149.789 after a tumultuous half-day. A glance at the analytical charts reveals that the pair has breached nearly all significant support levels, and the outlook remains in favor of further declines, much to the delight of the bears, with the...
USD/JPY, H4 28 February 2024 The Japanese Yen experienced a boost from its positive CPI data released yesterday, although the initial momentum has tapered, leaving the currency pair in a consolidation phase at recent highs. The upcoming release of U.S. GDP data later today is highly anticipated, poised to be a significant economic indicator that could steer the...
Good Day fellow viewer. I am new to this youtube thing so I'll just be posting my analysis on certain pairs everyday. I am not an expert or a pro, I just enjoy analysing charts. Please enjoy and also enjoy the upcoming videos. I don't provide financial advice or sell anything. All the videos will just be my personal thoughts on which direction price will go. These...
FX:USDJPY Hello traders I've identified the target for the harmonic pattern on the chart. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
Hello everyone, today the Japanese Yen (JPY) struggled to capitalize on its modest gains during Friday's Asian session and weakened to a one-week low against the US Dollar (USD) from the day before, thereby providing a slight upward momentum for the USDJPY pair. On the 4-hour chart: USDJPY has formed a pennant pattern, and the market is expecting this pair to...
Hello everyone, today the USDJPY has been trading around the 150.500 mark during the early trading hours of the weekend. This pair found support at 150.42 and retested the 34 EMA line. Trend Forecast: USDJPY is expected to continue its upward momentum and is forming a double top pattern as indicated on the chart. We will consider a sell strategy if USDJPY reaches...
Today, the USD/JPY is trading around the 149.90 level, approaching a nearby support level with a predominant sideways movement, tilting the short-term outlook in favor of bearish momentum. In the hourly timeframe, USD/JPY is exhibiting a Symmetrical Triangle pattern and has made a downward breakout. Should the current support be breached by a Double Top pattern,...
Oil has found support in a demand zone, with a retest of an upward trendline and a 0.62% Fibonacci level, suggesting the possibility of a recovery towards new highs. On the chart, I've identified a yellow box where the price could consolidate, drawing liquidity below the swing low before resuming the upward movement. As for the fundamental analysis: Qatar is...
We see the USDJPY in the one-hour time frame. In the upward trend that was previously in the form of an upward channel, this channel has broken down and broken its support level. In the continuation of its downward trend to enter sales positions. Important areas of supply and demand are drawn on the chart. In the returns to the supply areas that I have drawn,...
Based on the previous analysis of Euro/Dollar, we saw that we expected the price to fall, and after collecting the initial liquidity, the price went down again and was able to correct up to 1.081! If the price stabilizes below the level of 1.088, we can expect a further drop from this currency pair! Please support me with your likes and comments to motivate me...
Gold continues to fluctuate around $2,020 in the latter half of Friday, holding its position despite a 4.1% retreat in the benchmark 10-year US Treasury bond yield, driven by December PCE inflation data. The gold price remains within a limited range, with the Fed closely monitoring inflation trends, and the PCE outcome will impact its restrictive stance on...