The NZD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing upward momentum and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel defined by two converging...
🇺🇸🇯🇵 📊Analysis of the Japanese yen In the medium term, the market is on an upward path and can reach the range of 149.500 and complete 5 ascending waves. Currently and in the short term, the market is in a downward correction as wave 4 and it can return to the upward trend by maintaining the range of 147.700 and 147.500 as support again.
Waiting on a Mitigation on a 30m OB. We also have liquidity resting, that could lead price to rapidly move towards our Sell Limit
In today's trading session, the focus is on the USDJPY pair, with traders eyeing a potential buying opportunity around the 148.100 zone. The currency pair is currently in an uptrend but undergoing a correction phase, with the price nearing the key support and resistance area at 148.100. This analysis is supported by recent statements from Chair Powell, who notably...
The NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a well-defined bearish channel pattern. This pattern suggests ongoing downward pressure and a higher likelihood of further declines in the coming minutes or hours. Key Points: Bearish Channel: The price has been trading within a downward-sloping channel defined by two...
The Japanese yen may have weakened following the BOJ’s latest ‘non decision’ regarding monetary policy, but markets clearly weren’t surprised enough for it to extend its bearish moves today. Not a single xxx/JPY pair managed to break above its cycle highs, and momentum is now turning lower on these pairs to show a strengthening of the yen. But what has caught...
Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside. A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal...
AUDJPY is testing a recently broken horizontal support. After a violation, it turned into a strong resistance. The market may drop from that. I expect a bearish movement to 0.9605 ❤️Please, support my work with like, thank you!❤️
Today's focus: USDJPY Pattern – Consolidation Watch Support – 146.20 Resistance – 148.50, 151.70 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY. After US employment data shocked on Friday and lifted the USD, we are wondering if we will see trend continuations on the USDJPY. So far, the price continues to travel on...
This week, prevailing market dynamics suggest a bearish sentiment for the EUR/JPY exchange rate, propelled by a convergence of influential factors. Foremost among these is the European Central Bank's cautious monetary policy stance in response to lingering concerns surrounding inflationary pressures and economic recuperation within the Eurozone. Compounded by...
Hey Traders, in today's trading session we are monitoring NZDJPY for a selling opportunity around 90.400 zone, NZDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 90.400 support and resistance area. Trade safe, Joe.
Hey Traders, in tomorrow's trading session we are monitoring AUDJPY for a selling opportunity around 96.900 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 96.900 support and resistance area. Fundamentally we would like to consider the current pressure on stocks. The Australian dollar is...
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!❤️
My favorite setups are entries on breaker that has an FVG present, and overlapping timeframe FVGs
GBP/JPY M30 Channel Breakout Hints at Potential Upside: Buy Opportunity Emerges The GBP/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a channel pattern. This pattern suggests a shift in momentum towards the upside, potentially offering entry points for short-term long positions. Key Points: Upward...
In today's trading session, our attention is on USDJPY, where we are eyeing a buying opportunity around the 147.400 zone. USDJPY has recently broken out of a downtrend and is currently in a correction phase, approaching the retrace area at the 147.400 support and resistance zone. Adding a fundamental layer to our analysis, we anticipate further strengthening of...
AUDJPY - Intraday Broken out of the channel formation to the downside. We look to sell rallies. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 96.25 will confirm the bearish momentum. We look to Sell at 96.80 (stop at 97.30) Our profit targets will be 95.60 and 95.40 Resistance: 96.80 /...
Traders, Let's delve into the forecasted path for GBP/JPY: Trend Analysis: Upon examining the daily chart, we notice a resilient bullish channel that, despite being broken previously, has resurfaced with vigor. Furthermore, the strength of bullish candles outweighs downward movements. Potential Obstacles: Anticipate some hurdles or resistances along the...