Hello Traders ! The NZDJPY Failed To Break The Support Level (90.806 - 90.516). The Price Broke The Last Lower High (ChoCh). So, I Predict a Bullish Move📈. -------------- TARGET: 93.250🎯
Trading Setup: There is a Trading Signal to Buy in USDJPY Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 154.29 ⭕️SL @ 153.59 🔵TP1 @ 155.64 🔵TP2 @ 156.49 🔵TP3 @ 159.30 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
Borrow Yen buy Dollars!!! :) BOJ will do what they do Probably beneficial to Japanese stocks as their companies are obviously big exporters think Honda , Toyota... Beautiful Inverse Head and shoulders in progress Big Charts ---> Big Patterns ---> Big moves
On the chart, I underlined important key levels: support and resistance areas on USDJPY for next week. Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
The Yen has taken quite a beating this year, but upon analyzing its price action I noticed it is currently inside a falling wedge which usually breaks upwards most of the time, so perhaps this pattern can help rescue it from further demise. We will know soon enough as its nearing its apex. *not financial advice*
The Japanese Yen has been on a rollercoaster ride recently, weakening against the US dollar. This has sparked concerns in Japan, but the government has remained tight-lipped on whether they've intervened to prop up the currency. This silence, some argue, is a strategic necessity in the face of a more dominant player: the US Federal Reserve. Traditionally,...
Bulls look strong again on USDJPY. After a presumable intervention, the market dropped by 500 pips on Monday. The price formed a bullish triangle on a 4H time frame then. At the moment, I see a confirmed violation of its neckline The pair may keep growing at least to 158.35 now. ❤️Please, support my work with like, thank you!❤️
This morning, USDJPY dropped by more than 500 pips this morning. If you are looking for a reason why it happened, remember that historical structure always leaves clues. The price perfectly respected a historic structure of 1990th. Today, we see a perfect example how important are historical levels, and how the market remembers the things that happened more...
Hello Traders ! On The Daily Time Frame, The EURJPY Price Formed a Rectangle Pattern. Presently, The Resistance Level is Broken ! So, I Expect a Bullish Move 📈 ------------- TARGET: 166.430🎯
NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern...
CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH...
As We Talked in The Previous Analysis: The USDJPY Reached The Resistance Level (151.908 - 151.318). Currently, This Key Level is Broken, and Becomes a New Support Level ! So, I Predict a Bullish Move 📈. ------------- TARGET: 154.620🎯
The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher...
Hello Traders ! On Wednesday 27 March, The CHFJPY Reached The Support Level (166.798 - 167.394) and Failed To Break it ! The Price Formed a Double Bottom Pattern. Currently, The Neckline is Broken ! So, I Expect Bullish Move 📈. TARGET: 169.220🎯
Anxiety hangs heavy over the yen market. With the Japanese currency hovering near a 34-year low against the U.S. dollar, traders are wary of potential intervention from Japanese authorities. This comes as Finance Minister Shunichi Suzuki reiterated the government's concerns about the rapid depreciation of the yen. The Yen's Slide: A Perfect Storm The yen's...
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought...
It has been some time since we checked the #Japanese #Yen vs US #Dollar. Updated the chart a bit since last time. Clear bottom forming inverse head & Shoulder pattern. Broke and retested the 2002 highs. Bounced off the Green Moving Avg, successful retest. Japanese are selling foreign investments as their #interestrates have increased. We've spoken on that a few times.
Hello Traders ! On The Daily Time Frame, The USDJPY Reached The Resistance Level (151.908 - 151.318). So, We Have 2 Scenarios: BEARISH SCENARIO📉: If The Market Breaks The Support Level (150.261 - 150.693) and Closes Below That, We Will See a Bearish Move📉 TARGET: 147.150🎯 BULLISH SCENARIO📈: If The Price Breaks and Closes Above The Resistance Level...