💶💴EUR/JPY is just getting started. 💶💴The post is a commentary on my previous posts on the EUR/JPY in which I announced declines: 💶💴Those wishing to get a deeper perspective are referred to above. 💶💴At the moment, I just wanted to draw attention to the approaching strong support zone that stems from the 0.618 fibo level of the entire upward wave and I believe...
🥝NZD/JPY So what, are we falling? 🥝As I have written in previous post featuring the Japanese yen pairs that we are ready to fall. 🥝That will also be the case this time. 🥝There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A...
💱USD/JPY No chance of rises. 💱As I wrote in last post about the declines on the USD/JPY pair, the scenario played out perfectly exactly as I wrote. Link to the post below: 💱This time we will take another look at the pair, as I believe new downside prospects are opening up. 💱The key from where a new wave of declines could start could be the resistance zone I've...
The trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest...
U.S.Dollar/Japanese Yen moved as I expected 👇✅. PRZ (Price Reversal Zone) worked very well. It seems, U.S.Dollar/Japanese Yen completed main wave 3, and now it is on the road to making the main wave 4. I showed you the next target for U.S.Dollar/Japanese Yen in my chart. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 2D⏰ Do not forget to put Stop...
Hey traders, On a yesterday's live stream, we discussed a shorting setup on CHFJPY: the price reached a horizontal key level on 4H and formed a head and shoulders pattern then. This morning, its neckline went broken. I believe that the pair will drop soon to 144.65 support. ❤️If you have any questions, please, ask me in the comment section. Please, support...
The USDJPY pair made a strong rejected shortly after our previous analysis where we called for a strong sell at the top of the (now) 6-month Bullish Megaphone pattern: Following a fake-out just above the Megaphone, the rejection was much stronger and so far much longer that any of the previous ones in 2022. The price not only broke below the 1D MA50 (blue...
Update for GBPJPY. After a strong bearish wave, the market is correcting within a rising wedge pattern. To catch the next trend-following move, wait for a bearish breakout of its support. We need a 4h candle close below that to confirm the breakout. A bearish continuation will be expected to 164.55 / 163.75 levels then. Good luck! ❤️If you have any...
💶💴EUR/JPY BOJ DO SOMETHING 💶💴Another post/update of my view on the eur/jpy pair. Link to previous post below: 💶💴I will zoom in on the fundamentals: 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💴Compared to Japan where we are currently at 1.6% this is also quite average looking at past...
💶💴EUR/JPY Outlook Update 💶💴This is yet another post in which I will try to give a more detailed presentation of my downside scenario on this pair. Because I think that price is still expensive. 💶💴Beginning with the fundamentals: 💶Looking at economic growth in the Eurozone we are at levels of 2.1% This is quite average looking at the past. 💴Compared to Japan...
Here is my latest structure analysis for USDJPY: Resistance 1: 140.37 - 142.47 area Resistance 2: 145.1 - 145.6 area Resistance 3: 148.3 - 148.9 area Resistance 4: 151.34 - 151.92 area Support 1: 137.48 - 138.0 area Support 2: 135.16 - 136.45 area Support 3: 130.38 - 131.75 area The price is currently stuck between Resistance 1 and Support 1. The future...
Quick update for CADJPY pair. I spotted one more bullish clue: the price broke and closed above a minor falling trend line on 1H. I believe that the market will reach 105.6 / 105.8 levels soon. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
USDJPY broke and closed below a strong intraday structure resistance recently. Retesting that structure, the price formed 2 cute double tops: tiny one and bigger one. I believe that the pair will drop lower. Goals: 138.78 / 138.07 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
EUR/USD 🔽 GBP/USD 🔽 AUD/USD 🔽 USD/CAD 🔼 USD/JPY 🔼 XAU 🔽 WTI 🔽 Early this morning, the collection of Japan’s economic data indicated a contraction, its GDP has decreased by 0.3% in the quarter, against estimates for a 0.3% increase. As such, USD/JPY added over 100 pips to 139.88, currently at 140.28. USD/CAD also slightly recovered to 1.3311. Meanwhile, EUR/USD...
CADJPY dropped to a key level on Friday. I expect a pullback from the underlined structure at least to 106.57 level. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
💱USD/JPY Long-awaited correction 💱Continuing the thread started in a previous post in which I predicted a decline on USD/JPY . 💱In this post I would like to expand on my point of view 💱Last week the event everyone was waiting for was the interest rate decision, which rose to 4%. 💱This was followed by a press conference in which Jerome Powell spooked the...
The NZDJPY pair followed very closely the trading plan we presented on our last September 22 analysis: As you see after a drop to the 1.236 Fibonacci extension, the price rebounded aggressively back to the Resistance Zone. What helped us make this accurate projection were the striking similarities that presented early on with the June - September 2021...
Update for EURJPY. The pair has recently retested a broken trend line on a daily. The price formed a horizontal range on 4H time frame then and broke its support. I expect a bearish continuation to 144.4 now. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️