GBPJPY is on a bullish 1D technical outlook (RSI = 65.529, MACD = 1.210, ADX = 62.251), which is a natural consequence of the strong 3 week rally since the January 2nd bottom. However this rally appears to have come to an end as not only has the price hit and got rejected twice on the R1 level (188.660) but the 1D RSI has also reach the top of its six month...
Selling EURUSD again in NY session. We have seen the big push down through out today, targeting the 4Hr OB around 1.07850 I think EU will continue to fall, we also have PMI tomorrow which might push price even further
USD/JPY M30 Triangle Breakout Hints at Potential Upswing A bullish triangle pattern has emerged on the USD/JPY 30-minute chart, suggesting a possible shift in momentum towards the upside. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This consolidation...
#CHFJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #CHFJPY. CHFJPY is in the down trend according to the LTF. we can see that it breaks the support line an d now is going to retest it. Here we can clearly see it has done the triple top pattern and then goes down. We can take...
USDJPY will continue its growth provided that the dollar index will also continue its growth. Japanese banks are not doing well, the national currency continues to weaken. The dollar index may rise a little bit, as the interest rate cuts are still far away. Based on technical assumptions, there is a chance to see the continuation of the currency pair...
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 187.000 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 187.000 support and resistance area. Trade safe, Joe.
Today's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next...
I see a potential high reward setup for sells lining up on GJ. Would enter on break below 187.550, but ideally would love to see that area changing to resistance and a rejection of the price off of it. Stay safe!
EURJPY Sell opportunity 160.41. Confirmation after the breakout support level. If didn't breakout support EURJPY will reach to 4H resistance level 163.74. The support level is 4H 157.74. Wait for confirmation.........
Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too! The higher timeframe is still on the upside, just that pullback could be there and do take note of the...
In today's trading session, our attention is on USDJPY, as we monitor a potential buying opportunity around the 147.500 zone. USDJPY, currently in an uptrend, is in a correction phase, approaching the trend at the 147.500 support and resistance area. Adding a fundamental layer to our analysis, let's consider the recent Consumer Price Index (CPI) data. Examining...
USD/JPY M30 Triangle Breakout Signals Potential Downtrend A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement. Key Points: Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a...
#GBPJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #GBPJPY. GBPJPY is going to sweep the liquidity and then goes down. Reason behind this trade is that we can see that in the LTF, it is going slowly with internal liquidity, Also we had a strong resistance level above. Here if this...
#EURJPY UPDATE Hey Traders, Hope you are enjoying our trading analysis. We are here to update you about our another analysis about #EURJPY. EURJPY is in uptrend according to the 4 hr time frame. Here we can see that it is forming a new high each time. So we can expect that it will form a new high after retesting the mentioned zone. So we can take a small...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Did some pretty nice trade on UJ Long, bias still on the upside until unless something changes! Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 146.600 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.600 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring GBPJPY for a buying opportunity around 185.200 zone, GBPJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 185.200 support and resistance area. Trade safe, Joe.
BoJ not changing policy, intensified interest rate differential game: Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises...