#CHFJPY UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #CHFJPY. CHFJPY was in a strong down trend yesterday and start moving upside after grabbing the liquidity. Here we can see that it has done the consolidation and form a bullish peanut, that is a symbol of bullish move. This is a high quality...
NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Further upside is expected. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a buy from current levels. A move through 89.50 will confirm the...
The Japanese Yen regained positive momentum in the Asian trading session on Tuesday. USD/JPY partially eroded some of the strong recovery seen in the past two days. Investors are awaiting the US Consumer Price Index (CPI) for fresh impetus ahead of the FOMC meeting on Wednesday. From a technical standpoint, USD/JPY showed a certain degree of recovery last week at...
GBPJPY bounced from support as I have shared. Now we could see a big pullback coming as GBPJPY already moved with more then 1% today. If I see price getting rejected in this zone I will be looking for short positions! Let me know what you think!
The Japanese Yen has surrendered recent gains against the US Dollar amidst speculation of a Fed rate cut in March and a shift in the Bank of Japan's (BoJ) policies. Despite a day-end recovery, USD/JPY experiences one of its worst trading days in over a year, dropping below 142.00 and closing just above 144.00. Despite the intraday recovery, USD/JPY had one of its...
EURJPY like all other JPY pairs is in a big bullish uptrend. If we see a bullish start on monday, I have a price target of 158.00 where price might see a pullback or it could blast right trough you can never know! Let me know what your thoughts are on JPY for this week!
Hello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !
Hey Traders, in the coming week we are monitoring USDJPY for a buying opportunity around 144.600 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 144.600 support and resistance area. Trade safe, Joe.
GBPJPY remains bearish on the 1D timeframe (RSI = 34.266, MACD = -0.180, ADX = 42.349) despite today's rebound following yesterday's bottom near the S1 level. The key here is that this bottom was made very close to the 1D MA200, which hasn't been crossed since April 6th. The 1D RSI almost got oversold for a moment (near 30.000) yesterday, so all indicators point...
-SL @ 151.95 🚫 SLO @ 147.59 (conservative) ⏳ SSO @ 146.84 (moderate) ⏳ TP1 @ 143.60 (shaving 25%) TP2 @ 139.60 (shaving 25%) TP3 @ 136.70 (shaving 25%) TP4 @ 132.20 (shaving 25%) TP5 @ 129.60 (closing ALL Sell Orders) BLO @ 128.50 (1D) ⏳ -SL @ 127.22 🚫 NOTES: PA has been hanging out in the Supply Zone for over 95 days!!! 📉 AND NOW, it's ready to tank from...
Hey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 165.800 zone, CHFJPY 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 165.800 support and resistance area. Trade safe, Joe.
CHFJPY long trade idea from support zone! Let me know what you think!
GBPJPY long trade idea based on support zone coming up. When price reaches this level (180.900) I will be looking to enter long positions. Always manage your risk! Let me know what you think!
In the daily time frame, the price has reached its resistance In the 4-hour time frame, the price has broken its long-term uptrend line that started on July 14, 2023. For better confirmation, it needs to break the price of 148.900, but in this current area, it is also a good signal for a sell position to the price of 145.900.
We saw big drops on all JPY pairs today. I expect some big reversal moves to the upside on all these pairs and EURJPY looks really good for a long setup. Let me know what you think! Always make sure to manage your risk!
USDJPY dropped really hard today already. There is a big support zone around 155.600 If I see price reversing I will be looking for long positions! Always make sure to manage your risk!
#GBPJPY UPDATE Hi team, hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about GBPJPY. In the LTF, GBPJPY is on the major support zone where we can see a good pull back from buyers side. Here we had multiple reasons to go for a long positions. As it is in an uptrend in the HTF, so...
Falling Flag has formed on the USD/JPY. There has been a retest on the support level. With the ongoing uptrend and support, this definitely keeps the bias long and bullish. 21>7 Price>200 which confirms the bull market. Target 1 will be at around 153.69