Hello Traders ! The NZDJPY Reached Monthly Resistance Level (94.050 - 93.434) The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move📉 -------- TARGET: 91.400🎯
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.
Hello Traders ! On The Daily Time Frame, EURJPY Price Broke The Resistance Level (161.210 - 161.910). This Key Level Becomes a New Support Level. So, I Predict a Bullish Move📈. ------- TARGET: 163.410🎯
JPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.
EURJPY🇪🇺🇯🇵 broke and closed above a key daily horizontal resistance. The growth may continue on the pair. Next resistance - 163.44 ❤️Please, support my work with like, thank you!❤️
The USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows. The 1D RSI indicates that we might be...
CADJPY is trading in a long term bullish trend. After an extended correction, the market resumed growth and set a new higher high higher close on a daily, violating a key horizontal resistance. We can expect a bullish trend continuation. Next resistance - 112.5 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On The Daily Time Frame, The USDJPY Price Broke The Resistance Level (148.522 - 148.020). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move. ------- TARGET: 151.150🎯
EURJPY is trading in a bullish trend on a daily. After the price set the last high, the market started a correctional movement within a bullish flag formation. The resistance of the flag was broken yesterday with a strong bullish imbalance. We can anticipate a bullish trend continuation now. Goals: 161.44 / 162.5 ❤️Please, support my work with like, thank you!❤️
FX:GBPJPY I have determined the harmonic pattern target on the chart; I wish you success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
AUDJPY formed a nice double top formation after a test of a key horizontal resistance. It makes me think that the underlined structure will be respected and the price will drop lower. Goals: 96.4 / 96.0 ❤️Please, support my work with like, thank you!❤️
Based on the chart a move to the downside of usdjpy is expected to complete the sideways correction(Flat). Is the move all hope or ?, let's wait see and then we will act accordingly.
USD/JPY: JPY Struggles Amid Global Tensions The Japanese Yen (JPY) faces challenges in gaining momentum against the US Dollar (USD) as it retreats in the European session. European equity market optimism hampers the JPY's safe-haven appeal, while the USD sees positive traction ahead of the awaited FOMC meeting. Technical Analysis: The JPY faces resistance at...
Hello Traders ! On The Daily Time Frame, The GBPJPY Reached a Strong Resistance Level (188.816 - 188.301). The Price Formed Triple TOP Pattern. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That, We Will See a Bearish Move... TARGET: 184.900🎯
As We Talked in The Previous Analysis: On The Daily Time Frame, The GBPJPY Reached a Strong Resistance Level (188.816 - 188.301). The Price Formed Triple TOP Pattern. Currently, The Neckline is Broken So, I Expect a Bearish Move. TARGET: 184.900🎯
The GBPJPY pair delivered the best sell signal possible on our last bearish call (November 30 2023, see chart below) as it got rejected exactly on the Higher Highs trend-line back to the Support of the Ascending Triangle: Today's analysis is on the 1D time-frame where you can see that the price then rebounded exactly on the 1D MA200 (orange trend-line) and...
✅GBP_JPY has retested a key resistance level of 188.793 And as the pair is already making a bearish pullback A move down to retest the demand level below at 186.799 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The USDJPY pair eventually took the bearish path last time we made a trading plan (November 28 2023, see chart below) and hit the 143.550 Target: The price has now made a short-term (at least) top as the 1D RSI got rejected near the 70.00 Overbought barrier. As a result we are expecting a reversal towards at least the 1W MA5 (red trend-line), which has been...