Hello Traders !
Previously, The USDJPY Price Formed a Bearish Double Top Pattern.
Currently, The Price Reached a Support Level.
If The Candle Closes Below The Support Level,
I Will Sell on Retest...
TARGET: 141.800🎯
USDJPY is trading inside a Channel Up since the start of the year, with the 1D technical outlook just turning red (RSI = 40.803, MACD = -0.760, ADX = 32.756) as the price reached its bottom under the 1D MA100. The 1D RSI shows a rounded bottom, as it did on March 24th, so it is an optimal level to buy and target the R1 level (TP = 152.000).
Since though the...
✅EUR_JPY is going down to retest a horizontal support at 159.500
Which makes me locally bullish biased
And I think that we will see a rebound
And a move up from the level
Towards the target above at 160.700
LONG🚀
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It's been quite long since we had a short-term trade (see chart below) on the GBPJPY pair:
This time we found an excellent long-term sell opportunity on the 1W time-frame. As you can see it is cyclical in nature having emerged by the rejection of the price on the Higher Highs trend-line of the 4-month Ascending Triangle.
The cyclical characterization stems...
The USDJPY pair has been trading within a Channel Up since the March 08 High, giving us numerous opportunities to buy low and sell high (see chart below):
Supported by the 1D MA100 (green trend-line) since April 17, the price is now within that and the 1D MA50 (blue trend-line) which has previously been the most optimal buy level within the Channel Up....
EURJPY started a correctional movement.
Here are the important key levels to watch.
Support 1: 160.43 - 160.85 area
Support 2: 158.90 - 159.60 area
Support 3: 157.72 - 158.14 area
Support 4: 156.52 - 157.18 area
Support 5: 154.39 - 154.90 area
Resistance 1: 164.18 - 164.30 area
Watch carefully these supports.
From one of those, a bullish trend-following...
Hi Traders !
On The Weekly Time Frame The USDJPY Price Reached A Resistance Level (151.944 - 151.424)
Currently We Have 2 Scenarios:
Bullish Scenario📈
If The Price Breaks and Closes Above The Resistance Level !
We Will See a Bullish Move📈
TARGET: 154.500🎯
Bearish Scenario📉
If The Market Breaks Support Line and Closes Below That
I Will Sell On Retest...
...
USDJPY started to fall rapidly.
Here are the important key levels to watch.
Vertical Structures
Vertical Resistance 1: Broken rising trend line
Horizontal Structures:
Support 1: 148.75 - 149.21 area
Support 2: 148.15 - 148.50 area
Support 3: 147.41 - 147.56 area
Resistance 1: 150.05 - 150.38 area
Resistance 2: 151.71 - 151.94 area
Consider these...
Hello Traders !
On Tuesday 14 Nov, The CHFJPY Price Broke a Resistance Level (167.890 - 168.422)
The Price Pulled back To Create a New Higher Low 📈
So, I Expect a Bullish Move.
i'm waiting for retest...
-----------
TARGET: 170.230🎯
AUDJPY broke and closed above a solid horizontal daily resistance.
After a breakout, the price formed a bullish flag pattern on an hourly time frame.
Its resistance breakout after a retest of a broken structure is a strong bullish confirmation.
I anticipate growth now to 98,2
❤️Please, support my work with like, thank you!❤️
The NZDJPY is trading within a Channel Up pattern and is currently on the latest bullish leg towards a new Higher High. All previous waves have been at least +6.12%, so that gives us still an opportunity to buy and target 92.150. If the RSI hits 73.40 before the target, close the buy regardless, as the 73.40 Resistance has formed the September 29...
The CADJPY pair is on a 1D MA50 (red trend-line) bounce, at the high ranges of the Fibonacci Channel Up that started on the March 2020 COVID crash bottom. The 1W RSI shows a Channel Down fractal on its second Lower Low rebound and the previous two such sequences delivered at least one more rally.
As a result, we see a strong short term buy opportunity to target...
USDJPY is very close to a current daily high.
To catch a pullback from the underlined red area,
monitor a 4H time frame.
I see a nice rising channel there.
Its support breakout (4h candle close below) will give you a strong bearish confirmation.
A bearish movement will be expected to 150.9 level then.
Alternatively, a bullish breakout of the daily resistance...
GBPJPY is on a bullish technical outlook on the 1W timeframe (RSI = 66.035, MACD = 3.180, ADX = 33.852) but a great sell opportunity may be emerging as the 1W RSI Bearish Divergence crossed above the MA just like the on October 4th 2021. That was the third top on that pattern much like the one that is being formed now. Technically next week we should see the top....
USDJPY is approaching the R1 level (152.000), which is the October 21 2022 High that caused an immediate bearish reversal. The 1D MA50 is supporting a steady technical uptrend on the 1D timeframe (RSI = 60.333, MACD = 0.530, ADX = 16.176) but the RSI is descending, showing a potential bearish divergence. We consider the current level good enough to start shorting...
GBPJPY nicely respected a wide horizontal daily resistance.
The price broke a support line of an expanding wedge pattern on
an hourly time frame and formed a cup & handle formation.
We may anticipate a bearish continuation to 184.79 / 184.52
❤️Please, support my work with like, thank you!❤️
CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up.
The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern.
A break out followed with the price hitting at least the previous High (Resistance A).
Buy...
Here is my latest structure analysis for USDJPY.
Horizontal Key Levels
Resistance 1: 151.68 - 151.75 area
Resistance 2: 151.90 - 151.95 area
Support 1: 148.75 - 149.20 area
Support 2: 148.15 - 148.51 area
Support 3: 147.30 - 147.45 area
Vertical Key Levels
Vertical Support 1: Rising trend line
Vertical Resistance 1: Falling trend line
❤️Please, support...
