NFP - Bulls came into power, no trade for me .. will price bounce off 162.000 before reaching the demand zone ?? i still think price will reach 149.000 before its wave to the upside will continue to look for a opportunity next week with high impact news on Tuesday for the British Pound (GBP) could also be a good sell at 162.000 lets see what the market brings...
The GBPJPY pair has been trading below its 1D MA50 (blue trend-line) since December 16 2022. With a 1D Golden Cross having formed on January 17, the price is about to test for the 3rd time in a month the 155.770 - 155.400 Symmetrical Support Zone. A break below it would target the dotted line (multi-year Channel Up bottom) and below that the 148.800 Support which...
Considering China's (ongoing!!) predicament caused by an oncoming, abject, demographic (urban, industrial) collapse, the obvious consequence is a stand-alone Japan's as the region's only remaining super power" ... Making this Short a no-brainer, probably well over a decade and a half. The Long Term Price Target on this pair is: 10! (I.e. a >50% Decline ..., ......
The USDJPY pair has been trading within an extremely well structured Channel Down since the November 21 2022 High. Every Lower Lows since then has been very symmetrical on approximately a -6.05% drop from the Lower High. With the price currently on the top (Lower Highs trend-line) of the Channel Down, this is technically the most optimal level to sell. A -6.05%...
Update for NZDJPY. The price has nicely respected a resistance that we spotted yesterday. The price formed a double top pattern on 4H testing that. Its neckline has been just broken. The pair will keep falling to 83.68 / 83.11 ❤️Please, support my work with like, thank you!❤️
Break of the trendline and respecting the resistance. Solid sell set-up. If price re-enters the trendline, bias may change.
GBPJPY reached a key level. We see a strong rejection from the underlined yellow area on 4H: the price broke a support line of a rising wedge pattern and formed a double top on 1H time frame. I expect a bearish move to 160.9 / 160.5 ❤️Please, support my work with like, thank you!❤️
- Everything is in chart. - Again an easy short, same as i predicted UK Bounce few weeks ago. - This is not a scalp but a Medium/Long term trade. -------------------------------------------------------------------------------------------- Trading Parts : -------------------------------------------------------------------------------------------- Short Zone : Now...
The Australian Dollar/Japanese Yen is enclosed between two zones of resistance and support and the line of the downtrend and uptrend lines. The Australian Dollar/Japanese Yen has reacted well every time it hits the downtrend and uptrend lines in the support and resistance zones. This time, the Australian Dollar/Japanese Yen was able to make a 🌅Morning Star...
📉 USD/JPY Continuation Of Declines? 📉 Nearest strong support zone: around recent lows. 📉 Nearest strong resistance zone: around recent local highs. 📉 Technical environment: - Moving averages: Downtrend - MACD: Uptrend - RSI: Downtrend 📉 Price Action: USD/JPY It has been continuing its downward trend for quite some time, all due to the BOJ's change in...
The NZDJPY pair has been trading below (closing 1D candles) the 1D MA200 (orange trend-line) for nearly a month (since December 20), being supported at the same time by a (dotted) Higher Lows trend-line that started on the May 12 Low. A 1D Death Cross may be potentially formed as the 1D MA50 (blue trend-line) is closing in on the 1D MA200, which adds more weight...
The USDJPY pair is approaching the 1st Support level of 125.510 (May 24th 2022 formation) after a double top rejection last Friday. Trading inside a Channel Down for almost two months, naturally on very bearish 1D technicals (RSI = 30.378, MACD = -1.840, ADX = 17.362) with the RSI almost oversold, it is expected that a technical rebound will occur. The short-term...
Hello guys! Here is a quick summary of what happened in the market today, especially in the Japanese one, after the Bank of Japan surprised everyone. On Tuesday, the Bank of Japan made its first move towards a shift away from ultra-loose monetary policy after weeks of speculation. As part of an adjustment to its yield curve control policy, the BoJ decided to...
GBPJPY is preparing for a very good sell position and I am entering within the specified range Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What...
The currency pair has been in an upward trend over the past year. This currency pair has shown an upward trend. Something I think will continue in 2023 based on the technical analysis I have done. My target for this currency pair by January 2024 is 123.46 Trading in bullish markets is easier than in bearish markets CAD/JPY can be a good portfolio in 2023.
As of January 11, 2023, the current rate of CAD/JPY was 98.82 The currency pair has been in an upward trend over the past year. This currency pair has shown an upward trend. Something I think will continue in 2023 based on the technical analysis I have done. My target for this currency pair by January 2024 is 123.46 Trading in bullish markets is easier than in...
Euro/Japanese Yen moved as I expected in my previous post.✅👇 Euro/Japanese Yen was able to break the downtrend line. Also, we can see regular divergence (RD+) between MACD Indicator and Price. I expect Euro/Japanese Yen will go up to the resistance zone/line. 🔅Euro/Japanese Yen Analyze ( EURJPY ) Timeframe 4H⏰. Do not forget to put Stop loss for your...
If you would like to know my 🗺️roadmap🗺️ on U.S.Dollar/Japanese Yen, sees the post below. (According to my analysis, it moved beautifully 😎✅)👇 The U.S. Dollar/Japanese yen is moving in the support zone, and according to the theory of Elliott waves, the end of wave A could be in this zone. Also, U.S. Dollar/Japanese Yen can form an Inverted Head and Shoulders...