The USDJPY trades with choppy price action between the 145 and 146 price range. With increasing comments about the weakness of the Yen and the possible invention from the BoJ, the longer the USDJPY stays at this price level, the higher chance we are likely to see an intervention. However, we cannot rule out a continuation of the upside, especially if the DXY...
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 93.700 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 93.700 support and resistance zone. Trade safe, Joe.
The EURJPY pair is trading within a Channel Up pattern since the mid-March low with the 1D MA50 (blue trend-line) as the main Support. The 1D MACD made a Bullish Cross and every previous such formation within this pattern, has been a confirmed buy entry. The first Higher High was a +9% rise, the second a +8% and assuming its a progression, we expect the current...
Looking to buy from the support level of 0.87240, waiting for that pull back before we enter just to add extra confirmation
While market sentiment is bearish I'm not bearish at the moment! If you have open long position it's good idea to close some of it. If don't a very low-risk short option could be an option for those who believe confirmation in LTF could do a miracle! If you prefer more suitable place to enter the market, just like me, wait for a breakout upper of 145.000 or...
This is what I'm expecting on EJ on long term. Once BoJ will start taking actions against inflation I'm expecting strong yen. I think that Euro will face a lot of troubles through upcoming winter which can cause more downside for Euro and this is the main reason why I'm expevting strong Yen on long term. I'm not chasing the top. I will start placing shorts...
Here is my latest structure analysis for GBPJPY. Resistance 1: 183.77 - 184.25 area Support 1: 181.10 - 181.30 area Support 2: 180.44 - 180.71 area Support 3: 176.30 - 177.05 area The market is currently approaching the Resistance 1 based on the year's high. Its bullish breakout - daily candle close above will push the prices much higher. Alternatively, a...
Starting off our Sunday as always with GJ, we came out of last week with 2 clean entries using our ASE system, overall we have a very obvious trendline liquidity zone within our bullish swing range, also known as internal liquidity. this gives price a clear area of liquidity to sweep out before carrying over our order flow. We are looking for our SWH as our...
Hello Traders We believe that JPY will show us a large move in next few days. First yen(JPY) has a significant economical fundamental data in upcoming week. Second BOJ has mentioned their concerns about Yen value , and probably they will take an action in market. Third EUR/JPY, GBP/JPY and USD/JPY are showing similar technical patterns indicating another drop or...
As we see on the chart, the price is about to break again on its resistance, without any confirmation on price action, my target focusing on 186.000-188.000 for price try to reject on that zone, Preferly buy on the level stated
Looking at the Dollar vs. Yen on the higher timeframe going into this week looks like it could be in a perfect spot to catch some volume and ride a trend. When looking at multiple variables of the pair you can see reasons why I believe this may be time for the Dollar to fan its wings a little bit. Healthy trend is obvious to myself and my trading style, and to...
EURJPY also looks very bullish to me. The price formed a huge inverted head and shoulders pattern on a daily, perfectly respecting 157.4 - 158.1 resistance and retracing from that. Yesterday, however, the underlined blue area was broken, confirming that a bullish trend continues. Next target - 160.5 ❤️Please, support my work with like, thank you!❤️
XAUUSD and JXY are moving in harmony for a past few months. Its a useful information if you wna to short both :P
CHFJPY is trading a long-term bullish trend. After the price set a new high in July, it started a correctional movement. A cup & handle pattern was formed. CPI report was a trigger for the buyers to violate the neckline of the pattern. Daily candle closed above that. It signifies that bullish trend will continue. The market will most likely keep growing. Next...
Last week's weekly Heikin Ashi candle was green. I suspect that it will close green again. Because of this I decided to enter long just as the new day began (8/8). I plan to hold this trade all week until just before market close on Friday. Stop loss just below the local low on the daily time frame.
🔰 Pair Name : EUR/JPY 🔰 Time Frame : 4H/ DAILY 🔰 Scale Type : LONG Scale 🔰 Direction : SHORT/SELL The GBP/JPY pair's sensitivity to shifts in global risk sentiment makes it a valuable tool for assessing broader market outlooks. 🌐 Its responsiveness aligns it with changes in global risk appetite, creating a strong correlation. In this context, the pair finds...
Hello 500 bros! I have a setup for EURJPY today. Entry: 157.35 to 157.4 - SL(recommend 157.7-157.9) and Target as showing chart Happy Trading!