Japanese Yen has been very weak since start of the year, but we can see a three-wave A-B-C corrective decline on Japanese Yen Futures chart, which can be now completed by current sharp reversal up above important trendline. So, we believe that Japanese yen may now face a recovery in the upcoming days/weeks, maybe months, just be aware of short-term pullbacks.
My favorite setups are entries on breaker that has an FVG present, and overlapping timeframe FVGs
USD/JPY: JPY Struggles Amid Global Tensions The Japanese Yen (JPY) faces challenges in gaining momentum against the US Dollar (USD) as it retreats in the European session. European equity market optimism hampers the JPY's safe-haven appeal, while the USD sees positive traction ahead of the awaited FOMC meeting. Technical Analysis: The JPY faces resistance at...
USD/JPY Under Pressure: Dovish Fed Outlook and BoJ's Caution Fuel Bearish Momentum The USD/JPY pair continues to experience losses as the US Dollar (USD) weakens, influenced by the dovish outlook presented by the Federal Reserve (Fed) in the first quarter of 2024. The recent decline gained momentum on Friday, triggered by softer domestic consumer inflation data,...
THRESHOLD of correction is 700 to 1,200 pips == my first deal was in 1996 as a trainee in an fx firm.. gone LONg at 114ish like any asset .. they all go back to where it came from 00 see OIL see GOLD - who better else to take the lead in a merry go round than this LOVELY PAIR
Focusing on the return towards the weekly support at this point. There is a clear rejection from here so I will look to short from this zone.
After 4 attempts to break the trendline and failing i anticipate that EUR/JPY will drop to 140.970 after breaking and retesting 143.225.
HELLO GUYS THIS MY IDEA 💡ABOUT 7974 is nice to see strong volume area.... Where is lot of contract accumulated.. I thing that the buyers from this area will be defend this LONG position.. and when the price come back to this area, strong buyers will be push up the market again.. UP TREND + Resistance from the past + Strong volume area is my mainly reason for...
Ladies and gentlemen, here we go again sell position 2000 PIP Target USD -JPY we going to the end of a dollar dominance and Japanese yen as a weak currency, reversal is near double top pattern on weekly supply and behind far behind price leave imbalance and price will come and fill it , dollar dominance is over , SELL USDJPY NOW
Market structure is being maintained to downside , price retested 2 time and respecting the 50% fibonacci. level
Pivot Point: 138 Currently: Resisted at 137.3 and retraced back to 137 Reaction: Consolidating at this 138.3 level , its next support zone is at 138.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
Trend is down still. Impulse wave. Wave 4 near completion.
Pivot Point: 134.3 Currently: Consolidating at this 134.8 level , its next support zone is at 135.1 Reaction: Resisted at 134 and retraced back to 133.8 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
The US dollar has retreated against its major trading pairs over the past two weeks, but notably, the USDJPY has seen one of the most interesting pullbacks. After peaking on July 14, the USDJPY has fallen more than 4% from a peak just below 139.500. The 2-week weakening streak may continue as the sentiment from the previous FOMC meeting has been conceived as...
Pivot Point: 137.6 Currently: Consolidating at this 138.6 level , its next support zone is at 139.8 Reaction: Resisted at 137.31 and retraced back to 136.75 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed...
Pivot Point: 138.0 Currently: Consolidating at this 139.0 level , its next support zone is at 140.0 Reaction: Resisted at 137.5 and retraced back to 137.0 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
Pivot Point: 138.0 Currently: Consolidating at this 140.0 level , its next support zone is at 141.0 Reaction: Resisted at 137.5 and retraced back to 137.0 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
As deflationary forces are taking over and bonds are rising, USDJPY is a key FX pair to be watching. Why? Because many players dumped Yen and their JGBs, as they expected higher and higher inflation and bond yields in the US. Now that US rates are coming down, JPY is becoming more attractive. Not only that, but JGBs are becoming more attractive as there is a...