The AUDJPY pair has been trading within a bullish Channel for more than a year and is currently on the 1D MA50 (blue trend-line). The 1D RSI Lower Highs sequence prompts to the similar structure of November 2021 - February 2022, which made the pair break upwards when the RSI Lower Highs broke eventually. As a result, a similar RSI break-out should be enough to...
The EURJPY pair has been trading exactly as the plan we first posted here a month ago: As you see, the break below the Channel Up, along with the 1W MACD Bearish Cross, kick-started a sell sequence that eventually found Support and rebounded exactly on the 1D MA200 (orange trend-line). This continues to be a similar pattern with that of May - October 2020. As...
USD ( U.S Dollar ) / JPY ( Japanese Yen ) Technical Analysis Chart Update Time Frame - H1 According to Long Time Frame - LTF H-4 It is following the Elliot waves in Bearish Trend and Has completed Impulsion and its Correction H-1 It is following the Rising Wedge Pattern and Rejecting from the Lower Trend Line ( LTL ) According to Short Time Frame - STF Its...
Pivot Point: 138 Currently: Resisted at 137.3 and retraced back to 137 Reaction: Consolidating at this 138.3 level , its next support zone is at 138.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
Hey traders, USDJPY reached a strong daily supply area 2 days ago. Analyzing the reaction of the price to that structure on lower time frames, I spotted a double top on a 4H with a confirmed neckline breakout. I already shorted the pair. Goals: 132.34 / 131.05 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with...
AUDJPY has got out of the blue compression successfully with appropriate volume. It is predicted that the marked gray orderblock should be touched before seeing the lower levels.
As I predicted, USDJPY bounced nicely yesterday. Here is my latest structure analysis for the pair and key levels to watch: Support 1: 130.4 - 131.6 area. Support 2: 126.35 - 126.85 area. Resistance 1: 134.25 - 135.55 area. Resistance 2: 137.4 - 137.85 area. Resistance 3: 138.86 - 139.36 area. Consider these structure for pullback/breakout trading. ❤️If...
On a today's live stream with my students, we discussed USDJPY pair. The pair looks too oversold at the moment. The market was steadily falling within a falling channel and its resistance went broken today. I expect a pullback now. Goals: 131.56 / 131.9 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like,...
Pivot Point: 135.6 Currently: Resisted at 135.1 and retraced back to 134.8 Reaction: Consolidating at this 135.9 level , its next support zone is at 136.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed...
It turned out that EURJPY managed to break and close below a solid daily demand cluster. The next support on focus is 132.66 - 133.24 area. I believe that the price will manage to reach that structure soon. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
After the sharp downward movement, the Dollar/Yen, experiences a price correction to its support range, around 133 to 134.
Pivot Point: 134.3 Currently: Consolidating at this 134.8 level , its next support zone is at 135.1 Reaction: Resisted at 134 and retraced back to 133.8 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!!...
The yen maintains its positive momentum by attracting buying flows from investors seeking refuge in safe-haven currencies as global recession fears grow. The yen also received additional support after Bank of Japan Deputy Governor Masayoshi Amamiya acknowledged last week that the BoJ should begin considering tools to end ultra-expansionary monetary policy,...
Type : Bullish Rise Resistance : 0.007784 Pivot: 0.007629 Support : 0.007490 Preferred Case: On the H4, with prices moving above the ichimoku indicator and broken out of the descending channel, we have a bullish bias that price will rise to the pivot at 0.007629 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation of...
The US dollar has retreated against its major trading pairs over the past two weeks, but notably, the USDJPY has seen one of the most interesting pullbacks. After peaking on July 14, the USDJPY has fallen more than 4% from a peak just below 139.500. The 2-week weakening streak may continue as the sentiment from the previous FOMC meeting has been conceived as...
USD FUNDAMENTAL OUTLOOK: BULLISH BASELINE Hawkish Fed policy remains a key driver for Dollar strength. With headline inflation >9%, the Fed has been pressured to tighten policy aggressively, hiking rates by 75bsp at their June meeting, and continuing with Quantitative Tightening. However, as a result of increasing fears of a growth slowdown (as evidenced...
Type : Bullish Rise Resistance : 0.0079195 Pivot: 0.0076525 1st Support : 0.0074905 2nd Support: 0.0074080 Preferred Case: On the H4, with prices moving above the ichimoku indicator, we have a bullish bias that price will rise to the pivot at 0.0076525 where the swing high resistance and 61.8% fibonacci retracement are. Once there is upside confirmation of price...
The Japanese yen rose to 133 against the dollar ( USD/JPY ), recovering from its 24-year lows. Short-term tailwinds are supporting the yen as the market has repriced Fed interest rate risks to the downside and has already priced in a rate cut in the first half of 2023. The yen is currently doing well in its traditional role as a recession hedge, with the US...