Overview Most Yen pairs are at or nearing key resistance on daily, weekly, and monthly time-frames. The Details The Yen continues to weaken against global currencies due to negative interest rates set by the Bank of Japan (BOJ) and higher interest rates from the RBA, RBNZ, ECB, BOE, SNB, FED, etc. The BOJ are edging closer to changing rates to zero or...
The AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined megaphone pattern. This pattern, characterized by expanding channel lines, can suggest both bullish and bearish continuations depending on the context. However, in this case, certain factors point towards a potential upside move. Buy Entry: Consider...
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.
Simple trading - 2 NEW BULLISH PATTERNS The buy is active! The long wait may be over. I am looking to gain a 200+pip Long on GBPJPY. BULLISH CONFIRMATIONS 1. Daily Cup and Handle (see previous charts) 2. 1hr Heads and shoulder 3. Fibb 3.82 rejection 4. Triangle break out *I would usually wait for a solid break and retest. However with a simple setup like...
price made a double top at 162.300 rejected and moved down. price bounced off 161.975 and started a retracement. price rejected off a lower tf fvg and made at double top in the fvg zone which happens to be at the golden zone. i expect price to break the 1 hr trendline fill the lower ob.
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.500 support and resistance area. Trade safe, Joe.
HELLO freinds this chart we shows that this market willknow anup trend on next weeks if you want more informations please show the chart good luck
Hey Traders, in today's trading session, we are monitoring CHFJPY for a selling opportunity around the 170.500 zone. CHFJPY is currently in a downtrend and appears to be in a correction phase as it approaches the critical 170.500 support and resistance area. Now, let's delve into the fundamental analysis shaping this trade. One fundamental factor influencing...
AUD/JPY is holding above its 100-day EMA, and so far it looks like the spike lower last Thursday will be left unchallenged. This is more of an interesting observation than anything else, but... since July AUD/JPY has printed a prominent spike / higher low every 40 - 47 days. If that pattern is to hold, is suggests the next trough could land at the end of May /...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area. Additionally, the recent release of robust CPI data in the United States has contributed to the bullish...
Price near resistance area. Price could test one of the previous lows. A testing of the previous high that was broken in structure is also possible.
Price near resistance zone. Could be a reasonable pivot are where price could test one of the few support levels below.
GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As per last week's analysis and view i have, UJ went up and was bullish after CPI news Hopefully your got some pip from there. UJ should continue to remain bullish till at least 152?Let's see. Do check out my stream video for the week to have more explanation in...
I perfectly understand why many people draw short on JPY, it really looks risky. But look at the weekly chart from a certain angle. A kijun/tenkan cross was formed just inside the cloud and the candles was held on the inside cloud boundary. 1 candle, which will take the price above 138, will quite push the price to the top at 152. Anyway my experience shows that...
Hey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area. Looking at the fundamental aspect, recent CPI data in the US has shown a notable increase, indicating...
The EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern. Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie...
AUDJPY - Intraday There is no clear indication that the upward move is coming to an end. Trend line support is located at 97.70. Risk/Reward would be poor to call a buy from current levels. A move through 98.00 will confirm the bullish momentum. The measured move target is 98.50. We look to Buy at 97.70 (stop at 97.45) Our profit targets will be 98.35 and...