This pair, seams change its direction to the long. retracement on lower prices could be a great opportunity to enter new long position with nice win rate ratio. 95.9 and 94.8 is our main support levels.
Similar to the price action on Gold, as uncertainty in the market grows and confidence over the banking structure weakens, investors are seen shifting towards reserve commodity and currencies. This is why the Yen has strengthened, together with the weakening of the DXY, leading to the USDJPY being pressured to trade steadily lower. The USDJPY currently trading...
2023 has been ushered in with a rebound in pockets of equity underperformance from 2022. Markets are coming to terms with the fact that stickier inflation and more resilient economic data globally are likely to keep central banks busy this year. Owing to which the spectre of interest rates staying higher for longer appears to be the dominant theme for the first...
I did acknowledge that it was risky but still within our plan and not destroy us. We take it and we press forward and we wait further.
I've entered these and they are HIGHLY RISKY⚠️⚠️⚠️⚠️⚠️ but I will adjust SL because of how they are playing out and the market movement. We in a pullback of a downward trend and it's reason why I've taken it.
The Bank of Japan (BoJ) released an unchanged monetary policy statement, with no surprises from Governor Kuroda at his last policy meeting. As the monetary policy statement was unchanged, this disappointed the market slightly, resulting in the significant weakening of the Japanese Yen. The USDJPY spiked up from the 136 price area, breaking above the 23.60%...
Although the USDJPY traded significantly higher following the bullish news from the US Federal Reserve, with the price reaching the 138-round number resistance level, it has since retraced significantly to the downside and is trading below the 137-round number level. With the short term bearish trendline indicating downward pressure, look for the USDJPY to...
BoJ optimism and markets havent priced in a new govenor and interest rate changes yet.
• Pair broke above descending channel • Entered correction mode and stalled at 38.2% • Rising wedge in play, a bearish pattern reinforcing the downside scenario • Breaking below rising wedge support takes us back to yearly lows around 127 followed by the projected target at 125
It looks like a fake out! Lets see if we can get a extra confirmation to take another short trade.
🚨ALERT🚨 Our latest analysis has identified a major support zone for the JPY 225 currency index following the recent decision by the Bank of Japan's new governor, Kazuo Ueda, and other high-impact news events in the economy. 📊💹 With Japan's consumer price inflation hitting a fresh 41-year high in January and remaining above the 2% target for the tenth straight...
Looking at the H4 chart, my overall bias for NIKKEI22 is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Looking for a sell entry at 27419.15, where the overlap resistance is. Stop loss will be at 27844.15, where the recent high is. Take profit will be at 26517.50 where the overlap support is. Please be advised...
🚀🚀🚀 The JPY225 index is on the move! 🚀🚀🚀 After dropping from 27,374, the index is approaching a major support zone at 24,700. This drop comes following the decision of the new governor of the Bank of Japan, Kazuo Ueda, and it could be a major opportunity for traders. This move also lines up perfectly with our channel trading within support and resistance, so...
NIK225 - 24h expiry - We look to Buy at 27300 (stop at 27135) Selling pressure from 27741 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 27266. Preferred trade is to buy on dips. Our profit...
It is an important level that we have to wait for the reaction In case of failure, the analysis level will be updated ⚠️ This Analysis will be updated ... 👤 Banipal : @hosseinbakrani 📅 02.13.2023 ⚠️(DYOR) ❤️ If you apperciate my work , Please like and comment , It Keeps me motivated to do better ❤️
NIK225 - 24h expiry - We look to Sell at 27690 (stop at 27802) Buying pressure from 27266 resulted in prices rejecting the dip. The current move higher is expected to continue. Previous resistance located at 27755. Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. This is negative for short term sentiment...
NIK225 - 24h expiry - We look to Buy at 27245 (stop at 27130) Selling pressure from 27807 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The bias is still for higher levels and we look for any dips to be limited. Previous support located at 27168. We therefore, prefer to fade into the dip with a...
COMMENTARY The AUD seems to be gaining the most against the JPY compared to the following G10 Fx pairs including the NZD, CAD, EUR, and the USD in front of tomorrow's Reserve Bank of Australian (RBA) interest rate decision. High price action across the AUD cross pairs is expected upon tomorrow's RBA rate decision. Current price for the AUD/JPY is above its ...