The USDJPY currency pair is currently located in its own one-year bullish channel and has continued to route itself with numerous touch of the middle line. The pair is currently in the price range of 146, which can move toward 150 by demand in this area.
The CADJPY pair continues to follow our trading plan presented on September 20, as it repeats the fractal of late 2021 - early 2022: As you see, the MACD Bearish Cross was the correct sell signal we needed and the price hit the 0.618 Fibonacci target and rebounded. Right now it appears that the price has entered a consolidation phase similar to the post...
USDJPY is approaching a rising trend line on a daily. The price formed a double bottom pattern on that on an hourly time frame. To buy with a confirmation, wait for a bullish breakout of its horizontal neckline. We need an hourly candle close above 146.8. A bullish continuation will be expected to 147.4 level then. If the price sets a new lower low on an...
The CHFJPY pair has been trading on one of the most consistent patterns of the last 12 months as we accurately outlined on our last analysis in mid September: Once again the signal played out as it pulled-back as low as the 0.5 Fibonacci retracement level and then the price has been trading sideways ever since. The 1D RSI has again formed Lower Highs but this...
The AUDJPY pair is currently trading on its 1D MA50 (blue trend-line), being the pivot since the price turned sideways during Summer. The long-term trend remains bullish however within a 1 year Channel Up (better viewed with the Fibonacci levels as you see) with the 1D MA200 (orange trend-line) supporting. Recently it has formed a Lower Highs pattern again with...
Have you seen that bearish breakout on EURJPY? The price broke and closed below a major rising trend line on a daily. Now a bearish continuation is expected. Next supports: 144.0 / 141.4 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
The EURJPY pair emphatically broke above the June Resistance Zone confirming our view of the market since early August. This continues to repeat the fractal of 2020 as we pointed out in our last analysis: This helped us make this accurate projection as the price got rejected initially on the Resistance Zone and after pulling-back to the 1D MA50 (blue...
There are two bullish scenarios for The dollar yen breaking the trend line and going up and reversing to the zone and going up! But there is absolutely a bearish potential move for the pair too! Strong supply zone is around the the top up there. I'll put both sell and buy orders around the zones.
Expecting The price to The Weekly Resistance level and drop to the New Buy Zone. Keylevel as follows: Red: Sell Yellow: Weekly Buy Fibo 50-60%
In this chart, the possible trends with high accuracy examined and various support and resistance zones have been identified on the chart ! Follow me for more analysis & Feel free to ask any questions you have, I'm here to help. ⚠️ This Analysis will be updated ... 👤 Arman Shaban : @ArmanShabanTrading 📅 10.28.2022 ⚠️(DYOR) ❤️ If you apperciate my work ,...
USDJPY dropped to a peculiar zone of confluence yesterday. We see a perfect intersection between a horizontal demand area and 0.5 retracement of the last bullish impulse. The price was nicely rejected and a doji candle was formed. On an hourly time frame, I spotted an ascending triangle formation. It confirms a highly probable bullish continuation. Goals:...
💶💴EUR/JPY The rally is not over yet. 💶Euro is showing signs of strength in the current week. 💶 Looking at the Unemployment rate in the Eurozone, it stands at 6.6%, the lowest on record. 💶Inflation is already close to 10% and on the 31st when the flash year-on-year reading is forecast to be 10.1% 💶Interest rates have been raised by 75 basis points and the...
EUR/USD 🔼 GBP/USD 🔼 AUD/USD 🔼 USD/CAD 🔽 USD/JPY 🔽 XAU 🔼 WTI 🔼 Last week, the Yen/Dollar pair have went above the 150.0 level, then it plunged to a low of 146.31 and recovered to 147.64. As the market believed the Bank of Japan had intervened to prevent further depreciation, more is expected ahead of the Federal Reserve interest rate decision. Meanwhile, USD/CAD...
Detailed analysis on USDJPY. Multiple time frame outlook. Thoughts and trading recommendations. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
GBPJPY bounced from a solid confluence zone based on a horizontal structure and 0.5 retracement of the last bullish impulse. The price has easily broken and closed above a trend line, confirming the strength of the underlined zone. I think that the pair will keep growing Goals: 169.76 / 170.5 ❤️If you have any questions, please, ask me in the comment...
💱 Is it time for the Euro? 💱 For some time now I have been watching the Eur/jpy pair which is, in my opinion, beginning its journey towards breaking out and landing finally at the 150 levels. 💱 Looking at the key indicators. We see bullish signals everywhere. Given today's upward candle and the formation of increasingly higher lows, it is hard not to hold a...
The recent volatility on the GBPJPY pair has been extreme. This price action can only be traded on the long-term by taking break-out positions on key Support and Resistance levels. As you see, the long-term trend has been a Channel Up ever since the March 2020 COVID bottom. Recently, the 148.600 - 149.000 Support Zone that has been holding since March 24 2021,...