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...
The trade idea capitalizes on the economic strengths of the US and the challenges faced by Japan, making a long position on USD/JPY appealing. Amidst the contrasting economic landscapes of the US and Japan, a long position on USD/JPY appears favorable. The robust and resilient US economy, marked by strong retail sales, positive jobless claims, and optimistic...
Good morning traders, EUR/USD has firmly maintained its downward trend and retreated to multi-week lows in the 1.0820 zone amidst increasing pre-ECB weakness. Looking at the 4-hour chart, the pair seems to have broken below the consolidative phase. That said, the first support level will be around 1.0821 before 1.0723. On the bullish side, attempts should look for...
The price of gold has reached almost $2,030, benefiting from the stabilization of the US dollar. However, a downward correction is not entirely convincing as traders reduce bets on a Fed rate cut in March. The precious metal has experienced a strong recovery after finding support near $2,000, backed by the 50-day Exponential Moving Average (EMA). Nevertheless, the...
Preferred direction: SELL Comment: The pound remains the focus of sales. Despite a good attempt at recovery yesterday after the publication of economic data, the pound does not have technical and fundamental factors for growth. Therefore, most likely, the end of this week will also take place within the framework of the strengthening of the US dollar....
Preferred direction: SELL Comment: For the British pound , we continue to adhere to scenario №2 . The first, as we remember, has already been worked out, but since the fall continues to be relevant in the medium term, scenario №2 is also relevant. Just like other major currency pairs, the pound has accumulated buyers within the current balance, which is a...
the market structure of usdjpy on the 4HR AND daily HAS SHIFTED structure to a bullish market and we look to buy at the retracement
Hello everyone, what do you think about USDJPY? The USD/JPY pair held steady below the 146.00 threshold during early Tuesday's Asian trading session. Overall, the pair's rally was supported by a stronger US Dollar on Monday, supported by sour market sentiment and a weaker Japanese Yen. The pair regained most of the ground lost on Friday and hit an intraday high...
The USD/JPY pair experienced a recent surge, surpassing the 145.00 level, primarily driven by contrasting policies between the Bank of Japan (BoJ) and the Federal Reserve (Fed). Notably, the yen weakened following BoJ Governor comments hinting at a prolonged delay in rate hikes, linked to uncertainties after the recent earthquake in Japan. This delay suggests that...
Hello dear friends ! What do you think about the trend of USDJPY? Currently, the pair is still holding on well to a recovery streak around 145.40 after it last plummeted to nearly 140.00. However, in terms of trends, this currency pair still faces many difficulties as the market is still expecting a reduction in interest rates this year. In fact, from the...
#GBPUSD UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about GBPUSD. GBPUSD is making rising Wedge Pattern and almost ready for breakout. And in fundamentals we can also check that GBP Can drop. After this Breakout we can see drop upto 100Pips+. Keep in touch we will update further soon.
Karina hello everyone! The USD/JPY pair gained traction above the 145.00 mark during the early Asian session on Monday. The pair recovered despite the decline in the US Dollar. The market will likely have a quiet session amid the US bank holiday. However, when considering technical trends and prospects: USDJPY just broke the bullish Trendline and is in a...
Hello wonderful friends. Today USDJPY encountered some disadvantages during the recovery process. Accordingly, the upward trend of this currency pair is greatly affected by the news announced yesterday. The price of USDJPY is currently fluctuating around 144,800 USD and has broken out of the support level of 145,300. It is expected that the decrease will...
Preferred direction: SELL Comment: As expected, due to the high correlation between the British pound and the Euro , the situation for these currency pairs before US inflation is absolutely the same. For this pair, scenario №1 is considered worked out. But scenario №2 does not lose its relevance. Therefore, scenario №2 is very relevant before the...
Is it going to be the same story again for the USDJPY? In 2022, the USDJPY climbed to reach just below 152 before turning down to the 128 support level. The similar price movement played out in 2023 as the USDJPY rose from the 128 support level to retest the 152 resistance level. The USDJPY has reversed down to the 140 price area (50% Fibonacci retracement...
USDJPY price is still in a downtrend. at the resistance zone 147.180 if the price cannot break through It is expected that there is a chance that the price will decrease. Consider selling. >>GooD Luck 😊 ❤️ Like and subscribe to never miss a new idea!
My dear subscribers, This is my opinion on the USDJPY next move: The instrument tests an important psychological level 147.46 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 148.67 My Stop Loss - 146.81 About Used Indicators: On...
Here I have USD/JPY on the 1 Hr Chart! Our failed Lower Low @ 146.841 (Point B) Kicked off my Bullish Bias on UJ today! I believe this is coming to us in the form of a Elliot Correction Wave! When UJ was in this area back in Mid Sep', it was used as Support! Price has now broke the Confirmation @ 147.905 and is still climbing! Fundamentally this morning the...