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...
The CADJPY pair has gone a long way since we caught the perfect sell at the top on our September 20 2022 idea as it hit our 1W MA50 target: The price broke even lower and touched the bottom of the Channel and the Higher Lows trend-line that started on the March 09 2020 Low, and has since been rebounding. As we mentioned on our last analysis, we can expect a...
Price has been in decline since October last year and we are currently seeing strong momentum from a major support level, if price breaks above descending channel, we may get a confirmation for a bullish change in trend, resistance below 133.851 will indicate further downtrend continuation.
The CHFJPY pair finally hit our 1D MA200 (orange trend-line) sell target as suggested by the previous analysis two months ago (November 07): By doing so, it has turned bearish long-term by forming a Channel Down pattern. There is an internal Lower Highs trend-line involved (dotted) and if broken (along with the 0.236 Fibonacci), we expect the price to test...
#GBPJPY Rising Channel Formation in Weekly Timeframe Chart..!! In Case of Downside Breakout, Expecting +1500-1800 Bearish Wave in Midterm.. Please like the idea for Support & Subscribe for More ideas like this and share your ideas and charts in Comments Section..!! Thanks for Your Love & Support..!!
💱USD/JPY Chance For A Correction 💱The Japanese yen today scored a strong wave of appreciation. 💱But the end of the day lifted the price a bit. 💱Looking at the candlestick formation and price action it looks like there is a good chance to make a small upward correction. 💱I established a support zone near the recent lows. 💱The resistance zone is located around...
I'm convinced USDJPY could turn bearish if the price passes the monthly and weekly low 130.420 exchange rate. After this fulfilling bullish 2022 market, the sellers may have gotten tired of buying the dollar at high prices. Japanese Index (JPN 225) has been declining. The dollar cash index (USDX) has been declining. I'm patiently waiting to see if we will...