Finally, CHFJPY broke the upward channel and firmed a triple top pattern. On my view, its nice time to short this pair. Trade safe. Good luck.
The GBPJPY pair is trading within a Triangle pattern, similar to July's. The price is currently approaching the 4H MA200 (orange trend-line), which is untouched since August 08. As long as the pair closes below the 0.382 Fibonacci level, we are selling the bearish break-out and target 181.600 (Fibonacci 1.5). Notice how the 4H MACD sequences between the two...
Update for NZDJPY. The price formed an ascending triangle formation on a 4h time frame. To buy with a confirmation, wait for a bullish breakout of 0.8707 - a neckline of a triangle. 4H candle close above that will confirm a violation. A bullish continuation will be expected to 0.8746 / 0.877 ❤️Please, support my work with like, thank you!❤️
It's been almost 2 months since we looked into the USDJPY pair (see chart below) and our buy position right at the bottom of the Channel Up that easily hit its 144.500 target: The pattern is still holding and the price appears to be starting the final upward leg before it tests the top (Higher Highs trend-line) of the pattern. As a result, as long as the 1D...
EURJPY is trading at the HOP level of a Bearish Butterfly while Bearishly Diverging on the MACD and printing a Bearish PPO Confirmation Circle just a few days ago as it broke the 21-day SMA. If it continues on this path, I'd expect the EURO to lose most if not all of the 2023 gains it's made against the Japanese Yen.
- We've seen USD/JPY uptrending for what will be the fifth (5) consecutive Weekly Green Candelstick prints. Some cool of may occurr in terms of price action, further due for correction ? Lots of Higher Highs levels as Support from below Looking from the left, a Weekly Supply Zone can be spotted ; (you can refer it as a *W OB). As well coinciding with the fact of...
USDJPY is currently consolidating within a horizontal range. Taking into consideration the fact, that the pair is trading in a long-term bullish trend, probabilities are high that the market will resume the growth soon. Your confirmation will be a bullish breakout - a daily candle close above 146.6 - the upper boundary of the range. A bullish continuation...
As avid participants in the forex market, we must remain vigilant and proactive in monitoring this situation, as it may have significant implications for our trading strategies and overall market stability. The USDJPY exchange rate has experienced a persistent upward trend in recent weeks, primarily driven by the yen's continuous depreciation. This trend can...
Sure, the Yen is overly weak on a trade-weighted basis BUT it is the least weak versus the USD! E.g., For any intervention to be effective it ought target just about any other high yielding spread/pair EXCEPT for the USD! Having established that, it is still far more likely that any intervention would target the USD/JPY directly than the rest, if for no other...
The NZDJPY pair has been trading within a Bullish Megaphone pattern since the March 24 Low. It has been though on its longest correction in the last 1.5 months and on Monday hit the bottom of the Bullish Megaphone. For as long as it holds, this is a potential early buy signal as the price also made contact with the 1D MA100 (green trend-line), which is the level...
The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0...
EURJPY is currently trading within a narrow horizontal range on a daily. Depending on the side of a breakout, I see 2 potential scenarios. Bullish Scenario If the price breaks and closes above 159.5 resistance on a daliy, I will expect a bullish movement at least to 160.5 level. Bearish Scenario If the market violates 157.4 support and closes below that, a...
USDJPY is trading in a bullish trend. The price is currently retesting a recently broken horizontal key level. Approaching that, the market formed a double bottom pattern, violated a resistance line of a falling channel then. I expect a bullish movement to 145.64 / 146.0 ❤️Please, support my work with like, thank you!❤️
The CHFJPY pair has been on a very strong and steady rise, supported by the 1D MA50 (blue trend-line) since the March 29 break-out. Our last signal was on April 28 (see chart below): The situation hasn't changed and the trend remains bullish, aiming at a +8.00% extension. Our target is 171.000. If however the pair breaks below the 1D MA50, we will close it...
The AUDJPY pair is on the 3rd day after a Double Top rejection on the 1D MA50 (blue trend-line). That was a Lower High at the top of 2-month Channel Down. This is a sell opportunity, as long as the price is closing 1D candles below the 1D MA50. Our target is a -3.68% decline (as the previous legs) at 91.450. You can more safely settle for the 1D MA200 (orange...
The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current...
Hello Traders! On The Daily Time Frame The USDJPY Price Reached a Resistance Level (145.073 - 143.956). Currently, This Key Level is Broken (Resistance Level Becomes new Support Level)🔥 So, I Expect a Bullish Move📈 i'm waiting for a retest... ----------- TARGET: 148.050🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
Hi Traders! On The Daily Time Frame The CADJPY Reached a Strong Support Level! Currently, The Price Formed a Double Bottom Pattern. The Neckline is Broken🔥 So, I Expect a Bullish Move📈 ----------- TARGET: 108.580🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!