NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 89.50 will confirm the bullish momentum. The measured move target is 90.00. We look to Buy at 89.00 (stop at 88.60) Our profit targets will be 90.00 and 90.20...
After breaking to the upside and retracing to form liquidity withing internal structure, price pushed to the upside with very low and steady momentum. It then formed liquidity below a supply zone that it could use to retrace and target the internal liquidity that remains untapped.
GBPJPY nicely respected a wide horizontal daily resistance. The price broke a support line of an expanding wedge pattern on an hourly time frame and formed a cup & handle formation. We may anticipate a bearish continuation to 184.79 / 184.52 ❤️Please, support my work with like, thank you!❤️
Whilst USD/JPY remains range-bound within a tight range just beneath 150, GBP/JPY appears to be making a break higher. The daily chart remains in a strong uptrend and momentum has recently realigned with that trend. Prices have teased the retracement line ahead of the UK open, so we're either looking for prices to break above the prior swing at 138.82 high or...
CADJPY it at the top of a short term Falling Wedge pattern inside a larger Channel Up. The 1day MACD just formed a Bullish Cross. Every time the price has been on the 1day MA50 while the MACD formed a Bullish Cross, the pair traded inside a similar Falling Wedge pattern. A break out followed with the price hitting at least the previous High (Resistance A). Buy...
On Monday, the exchange rate of the Japanese Yen against the US Dollar showed a positive trend, reflecting a more optimistic market sentiment. Looking at the short-term picture, it's important to note that the current uptrend is getting close to a potential reversal point. If we see a break below the key level of 148.80, which was the low on October 30, it could...
GBPJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. Short term bias has turned positive. Preferred trade is to buy on dips. Previous resistance at 184.29 now becomes support. We look to Buy at 184.30 (stop at 183.70) Our profit targets will be 185.80 and...
Forex and trading in general is all about recurrent movements. Here's an example: two of the pullbacks looks similar to each other, the main difference is just the time it used to develop. Price already has broken above pullback, so the chance is higher for it to move up to the same height as last. See if it makes a for example a flag pattern as drawn, then maybe...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 89.80 will confirm the bullish momentum. The measured move...
Over the past couple of weeks, I've been making a series of small long buys. Looking ahead, I've got my sights set on GBP/JPY for the next 3-5 weeks, with a target at 185.89477. Now, here's the deal - if you zoom in on the shorter time frames, things might seem a bit bearish, but when you zoom out using the weekly, there's this bullish wave that's still in...
Hello Traders, here is the full analysis. Watch strong action at the current levels for SELL. GOOD LUCK! Great SELL opportunity CADJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The Bank of Japan has expanded the scope for adjusting short-term interest rates and has increased its inflation target for fiscal year 2024 to 2.8%. This means Japan's inflation will exceed the 2% target for three consecutive years and is closer to achieving sustainable price stability. If the Bank of Japan (BOJ) wants to have a clearer view of wage increases...
Hello Traders, here is the full analysis. Watch strong action at the current levels for BUY. GOOD LUCK! Great BUY opportunity GBPJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
The CHFJPY pair is trading within a Bullish Megaphone for almost 4 months (since July 12) and is on a rebound on the 1D MA50 (blue trend-line). Technically it priced the Higher High of the Megaphone 2 weeks ago so this should be the bearish leg towards its bottom (Higher Lows trend-line). Especially since the 1D MA100 (green trend-line) broke last month for the...
After consolidating for some time, price eventually broke structure to the upside where it preceded to retrace halfway in(forming the second point of our much needed liquidity) before breaking structure again with momentum. With this price has established the necessary requirements for us to consider a buying opportunity to catch the expansion upwards since the...
JPYX has been in slight downwards range since August the 9th, we had a previous idea on how a triangle consolidation could have broken out of this range, but the consolidation broke up to come crashing back down, and now JPY had major imbalance and punctured the lower bounds of our range. In trading hours today UJ actually went down due to the fall of DXY on NFP...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. on Weekly: Left Chart AUDJPY has been stuck inside a big range and it is currently hovering around the upper bound / resistance zone in green. on H1: Right Chart For the bears to take over, and activate our sell setup, we need a break below the last low highlighted in...
The AUDJPY pair is trading within a Channel Up pattern that is currently rising on the 1D MA50 (blue trend-line). A recently formed Bullish Cross on the 1D MA50, calls for a potential short-term pull-back similar to the August 24 MACD Bullish Cross. We will wait for that opportunity near the 1D MA200 and buy, targeting Resistance 1 at...