The GBPJPY pair is trading inside a Channel Down with the price currently under its middle. It appears that there is an internal Falling Support holding the Lower Lows since August 25th. Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy. Buy now and target the Falling Resistance at 184.250. Previous chart: Follow...
Sell USDJPY Wedge Breakout Price breaks the Rising wedge pattern now, its good chance to sell today, Thank you
Hey Traders, in today’s trading session we are monitoring 146.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.800 support and resistance zone. Trade safe, Joe.
The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the central bank may start to shift away from its ultra-loose monetary policy if inflation begins to move to target. Governor Ueda said that the central bank may have enough data by the year-end to shift away from negative bond rates, adding that the central bank...
USDJPY is trading inside a Channel Up for almost a month. It priced the last Higher Low on September 11th and now has established the price action over the 4hour MA50. All Higher Lows have been met with a 4hour MACD Bullish Cross. As a result this is an extension of the bullish Channel Up wave. Buy and target 148.500 (+1.79% rise as the wave prior). Previous...
Hey Traders, What we believe UJ price moves as mentioned on the chart, So we expect price to break just above and go higher, Therefore, how you can jump in this trend? Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency, So how we enter! Look I mentioned...
Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
Last week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests...
While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned...
Hey Traders, in today’s trading session we are monitoring USDJPY for a buying opportunity around 146.300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.300 support and resistance zone. Trade safe, Joe.
EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a...
It was all very exciting on the floors in Asia yesterday, with traders reacting to a hawkish interview by BoJ Governor Ueda. Essentially, Gov Ueda laid out a conditional path and timeframe for the first-rate hike and a move away from its Negative Interest Rate Policy (NIRP), should the data permit. One can assume that the BoJ are also one step closer to moving...
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Usdjpy formed ascending channel in h4 tf and im expecting breakout soon incase of successful breakout expecting massive bearish rally incase of successful breakout expecting 300 pips bearish move keep eyes on for confirmed breakout
NZDJPY is taking off from a solid rising trend line on a daily. Testing that on a 4h time frame, the price formed a double bottom with a higher low. Its neckline has just been broken. I expect a further growth to 0.8715 ❤️Please, support my work with like, thank you!❤️
After the completion of the shark pattern, the price had a jump towards the rise and will probably complete the 5-0 pattern
clear higher lows on trendline. break and retest forming. pinbar candle forming. bull flag forming. would be looking for longs into the extension of the fibonacci trace