USDJPY has being bearish for weeks , now price tested a key level at marked zone and rejected it & has closed back above another important zone.We can also see the large engulfing candle showing lots of bullish momentum on the Dollar. If not yet in the trade , wait for minor retracement , to the marked zone then jump in .If it doesnt retrace and continues bullish...
this sign is the end of the bullish trend
because there is a large volume plus a large candle at the end of this trend
and the start of the bearish trend towards the VWAP indicator,
as sellers will enter the markets this means that there is an opportunity to sell
signal to sell
Hello Fellow Trader!
AUD/JPY has dropped 5.5% from August highs finding a price zone where major reversals have started. Also coincides with June close – July open price.
Watching closely for trend line break and a hold above for confirmation to enter.
Fundamentally it is quite difficult to go against the Japanese Yen for its haven qualities in global...
I am looking for BREAK of Support. Expecting it to continue BEARISH.SELL STOP AT 106.374 and SL: 106.499 and TP: 106.124. 12.5 pip SL and 25 PIP TP for a 1:2 RISK TO REWARD. Manage RISK to your level. Check out my YouTube at NOEFXX.
Hi, Guys What I am Seeing In This Pair is that it Will Pretty Nearly Go Down In The Next Week So Lets See And Be Ready!!
Location : CadJpy H1
BEst OF Luck
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=> Here we are entering back into earnings season and US companies are expected to come in strong. Risk appetite is starting to enter back into the picture and because of this we see the current dip in USDJPY as a valuation driven dip.
=> This rebound from the bottom of a year long channel should be an easy ride towards 114.73
=> USD will regain strength against...
The US Dollar depreciated 0.36% against the Japanese Yen since Friday’s session. During the previous trading session, the currency pair was resisted by the 55-hour SMA during the whole trading session. On Monday morning, the US Dollar was located near the monthly S1 at the 111.66 mark.
In regards to the near-term future, most likely, the US dollar will trade...
The US Dollar appreciated 0.66% against the Japanese Yen since Friday’s session. On Monday, the US Dollar was located above the trend-line near the weekly R1 at the 113.98 mark.
In regards to the near future, the rate will surge to the weekly R1 at the 114.13 mark but should bounce off it due to its resistance. Most likely, the rate will move back to the pattern...
Expecting further bearish move. The Asian session made the yen strenghten (so GBPJPY weaken).
This sell off was quite significant making it difficult for price to continue higher.
Now looking for a drop towards 144. Potentially retesting the trendlines to make one more swing before continuing down