Bullish bounce off 61.8% Fibonacci support?USD/JPY is falling towards the pivot that aligns with the 61.8% Fibonacci retracement and could bounce to the 1st resistance, which acts as a multi-swing high resistance.
Pivot: 145.96
1st Support: 142.37
1st Resistance: 150.98
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Jpy
Could the price reverse from here?USD/JPY is rising towards the resistance level, which is an overlap resistance that aligns with the 127.2% Fibonacci extension and the 61.8% Fibonacci retracement. A rejection from this level could lead the price to drop towards our take-profit target.
Entry: 148.95
Why we like it:
There is an overlap resistance that aligns with the 127.2% Fibonacci extension and the 61.8% FIbonacci retracemet.
Stop loss: 150.80
Why we like it:
There is a swing high resistance.
Take profit: 146.00
Why we like it:
There is a swin low support.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
GBP/JPY - Triangle Breakout (18.08.2025)The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Triangle Breakout Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 200.79
2nd Resistance – 201.24
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USDJPY Sell Setup – Watching 147.600 Key Zone Next WeekHey Traders,
In the coming week, I’m monitoring USDJPY for a potential sell opportunity near 147.600.
Trend: Still in a clear downtrend.
Current move: Price is correcting upward into resistance.
Key level: 147.600 – a major support-turned-resistance area.
If price rejects this zone with confirmation, it could resume the bearish move. I’ll be looking for signs of weakness (candlestick rejection, momentum shift) before entering.
What do you think? Will USDJPY hold below 147.600 or push higher first?
Trade safe,
Joe
USDJPY – DAILY FORECAST Q3 | W33 | D14 | Y25📊 USDJPY – DAILY FORECAST
Q3 | W33 | D14 | Y25
Daily Forecast 🔍📅
Here’s a short diagnosis of the current chart setup 🧠📈
Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭.
It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias.
This keeps us disciplined and aligned with what price action is truly telling us.
📈 Risk Management Protocols
🔑 Core principles:
Max 1% risk per trade
Only execute at pre-identified levels
Use alerts, not emotion
Stick to your RR plan — minimum 1:2
🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk.
🧠 Weekly FRGNT Insight
"Trade what the market gives, not what your ego wants."
Stay mechanical. Stay focused. Let the probabilities work.
FX:USDJPY
Event horizon forming for USD/JPY? U.S. Treasury Secretary Scott Bessent told Bloomberg TV that the BOJ is behind the curve and will likely raise rates. This contrasts with BOJ Governor Kazuo Ueda, who sees no urgency despite rising wages and service-sector inflation.
Bessent also called for a more dovish U.S. Federal Reserve, suggesting a total of 150 basis points in cuts, starting with a 50 bp reduction in September.
On the weekly chart, USD/JPY is trading near 147.75, holding just above mid-channel support in an uptrend from early 2024. With Japanese and U.S. rate paths potentially diverging, traders are watching for sustained downward pressure on the dollar. A key inflection zone for a potential pivot lies between 150.90 and 154.27.
Breaker Block -Trend ReversalsBearish Structure - Liquidity(Inducement) - Breaker Block
GBP/JPY Bearish Reversal Trade – Smart Entry on M15
1. Market Overview
The GBP/JPY pair recently showed signs of weakness after an extended bullish move. Price approached a major resistance zone on the higher timeframe, and the 15-minute chart began forming lower highs, signaling a potential reversal. This shift indicated sellers were gaining control after liquidity was grabbed above the previous high.
2. Trade Setup
• Entry Type: Sell (Short Position)
• Entry Zone: Closest Breaker Block to the Inducement.
• Stop Loss (SL): Placed covers the entire block.
• Take Profit (TP): Targeted the next major demand zone, aligning with the overall bearish bias.
This setup allow a precise entry with a tight stop loss, maximizing the potential reward.
3. Technical Insights
• Break of Structure: The initial bearish impulse confirmed sellers stepping in
• Supply Zone Respect: Price rejected from the identified order block
• Entry Confirmation: Rejection candle and bearish engulfing provided a high-probability signal
Summary:
GBPJPY | 15M – Bearish reversal trade after BOS and Inducement. Breaker Block Entry
Your thoughts? Share in the comments!
USDJPY H4 | Falling towards major supportUSD/JPY is falling towards the buy entry which is an overlap support that aligns with the 138.2% Fibonacci extension and tjhe 61.8% Fibonacci projection and could bounce from this level to the take profit.
Buy entry is at 145.89, which is an overlap support that lines up with the 138.2% Fibonacci extension and the 61.8% Fibonacci projection.
Stop loss is at 145.09, which is a pullback support that aligns with the 78.6% Fibonacci projection.
Take profit is at 147.09, which is a pullback resistance.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Bullish bounce off Fibonacci support?CAD/JPY is falling towards the pivot which acts as an overlap support that aligns with the 127.2% Fibonacci extension and the 61.8% Fibonacci projection and could bounce to the 1st resistance.
Pivot: 106.19
1st Support: 105.25
1st Resistance: 106.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish reversal?AUD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 95.29
1st Support: 94.31
1st Resistance: 96.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off?NZD/JPY is falling towards the pivot and could bounce to the 1st resistance which is an overlap resistance.
Pivot: 86.76
1st Support: 86.00
1st Resistance: 87.57
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short CADJPY and USDJPY, Swing Trade Trading Idea: Short CADJPY & USDJPY
Date: August 14, 2025
Strategy Type: Short-term bearish play on JPY crosses
📰 Key News Drivers
- Japan GDP Data (Q2 Preliminary):
- QoQ: 0.0% (flat growth)
- YoY: -0.2% (mild contraction)
- GDP Deflator YoY: 3.3% (strong inflation signal)
- USDJPY Technical Outlook:
- Current price: ~146.60
- Bearish momentum confirmed by moving averages
- Key support: 146.386
- Break below 146.500 could trigger further downside
- JPY Strength Factors:
- Modest improvement in Japan’s M2 Money Stock
- Lower-than-expected U.S. inflation data weakening USD
- Risk-off sentiment favoring safe-haven JPY
📊 Trade Rationale
| Pair | Bearish Catalyst | Technical Setup | Target Zone |
| USDJPY | Weak U.S. inflation + strong JPY deflator | Testing support at 146.386 | 146.00 or lower |
| CADJPY | CAD vulnerable to oil price volatility + JPY strength | Likely to follow USDJPY breakdown | 106.50–107.00 |
- JPY Strength Thesis: Despite flat GDP growth, the strong deflator suggests inflationary pressure, which may prompt the BoJ to maintain or tighten policy. This supports JPY appreciation.
- USD Weakness: Lower inflation expectations in the U.S. reduce the likelihood of further Fed hikes, weakening USD.
- CAD Vulnerability: CADJPY often correlates with risk sentiment and oil prices. With JPY gaining and global risk tone cautious, CADJPY is exposed.
📌 Execution Plan
- USDJPY:
- Entry: Short below 146.50
- Stop: 147.10
- Target: 146.00 / 145.50
- CADJPY:
- Entry: Short below 107.50
- Stop: 108.20
- Target: 106.50 / 106.00
GBPJPY Bullish Leg has only just startedThe GBPJPY pair has been trading within a Channel Up since the April 09 2025 Low. Following the August 04 Higher Low, it has technically initiated the new Bullish Leg.
Given its strength on such an early stage, we expect it to be identical to the first Bullish Leg that rose by +6.53% and, at the same time, had a similar 1D MACD Bullish Leg. Our medium-term Target is thus 207.000.
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USDJPY – DAILY FORECAST Q3 | W33 | D13 | Y25📊 USDJPY – DAILY FORECAST
Q3 | W33 | D13 | Y25
Daily Forecast 🔍📅
Here’s a short diagnosis of the current chart setup 🧠📈
Higher time frame order blocks have been identified — these are our patient points of interest 🎯🧭.
It’s crucial to wait for a confirmed break of structure 🧱✅ before forming a directional bias.
This keeps us disciplined and aligned with what price action is truly telling us.
📈 Risk Management Protocols
🔑 Core principles:
Max 1% risk per trade
Only execute at pre-identified levels
Use alerts, not emotion
Stick to your RR plan — minimum 1:2
🧠 You’re not paid for how many trades you take, you’re paid for how well you manage risk.
🧠 Weekly FRGNT Insight
"Trade what the market gives, not what your ego wants."
Stay mechanical. Stay focused. Let the probabilities work.
FX:USDJPY
#016: CHF/JPY Long Investment Opportunity
Today I want to show you this long investment opportunity by placing a BUY LIMIT order on CHF/JPY. Hello, I'm Forex Trader Andrea Russo, an independent trader and prop trader with $200,000 in capital under management. Thank you in advance for your time.
The CHF/JPY pair is building an extremely interesting technical pattern, which could offer one of the best risk-controlled long opportunities in recent weeks.
🧠 Advanced Structural Analysis
After an orderly sequence of lower highs, the price recently completed a bearish move that looks more like directional manipulation than a true breakout.
Three key elements support this hypothesis:
- Final compression on decreasing volume
- Visible divergence between relative strength and price movement
- Volume clusters interrupted in the lower zone, with the LVN area still empty and devoid of institutional liquidity
🔍 The hunting zone is already active
According to our studies, the price is exactly within the so-called "stop hunting zone," a range between technical and psychological levels where:
- Retail traders are closing long positions at a loss
- Breakout traders are entering short positions late
- Market makers are accumulating passively, exploiting market emotion
Historically, these zones herald strong reversals if defended by banks' protective orders.
🔄 Multi-Timeframe Confluence
All higher timeframes (4H, 8H, and Daily) show a consistent picture of active cyclical support, with a potential harmonic pattern nearing completion and a technical structure that coincides with previous levels of institutional reaction.
Bearish reversal off swing high resistance?AUD/JPY is rising towards the pivot, which acts as a swing high resistance and could potentially drop to the 50% Fibonacci support.
Pivot: 96.93
1st Support: 95.80
1st Resistance: 97.42
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bearish drop?NZD/JPY is reacting off the pivot and could drop to the 1st support, which is slightly above the 61.8% Fibonacci retracement.
Pivot: 87.98
1st Support: 87.39
1st Resistance: 88.54
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
AUDJPY Strategy That Outsmarts the Noise: Entry & Target Ready!Hey friends 👋
I’ve prepared an analysis for the AUDJPY pair. If the price reaches the 96.201 - 96.169 zone, I’ll be looking to open a buy position from that level.
My target will be set at 96.524.
Every single like you send is a huge source of motivation for me to keep sharing these analyses. Big thanks to everyone who supports with a like 🙏
USDJPY H4 | Bullish momentum to extendUSD/JPY is reacting off the buy entry which is a pullback resistance, and a breakout of this level could lead the price to rise to the upside.
Buy entry is at 147.98, which is a pullback resistance.
Stop loss is at 146.85, which is a multi-swing low support.
Take profit is at 149.15, which is a pullback resistance that aligns with the 61.8% Fibonacci retracement.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd (tradu.com ):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Global LLC (tradu.com ):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
NZDJPY to find buyers at previous support?NZDJPY - 24h expiry
Previous support located at 87.60.
87.44 has been pivotal.
Dip buying offers good risk/reward.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
Prices have reacted from 86.67.
We look to Buy at 87.57 (stop at 87.17)
Our profit targets will be 88.75 and 88.95
Resistance: 87.90 / 88.13 / 88.50
Support: 87.55 / 87.25 / 87.00
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Bullish bounce off pullback support?AUD/JPY has bounced off the support level which is a pullback support and could bounce from this level to our take profit.
Entry: 96.14
Why we like it:
There is a pullback support.
Stop loss: 95.04
Why we like it:
There is a swing low support.
Take profit: 97.22
Why we like it:
There is a multi swing high resistance.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDJPY Strong buy opportunity near the 1D MA50.Last time we looked into the USDJPY pair (June 13, see chart below) we gave a very timely buy signal, looking for a break-out, that easily hit our 148.675 Target:
Now we are looking for yet another buy opportunity as the price, having established a Channel Up, is being supported by the 1D MA50 (blue trend-line). As long as this Higher Low is preserved, we expect the new Bullish Leg to start.
We expect at least another +4.14% run, setting a 152.500 medium-term Target. Notice also how the 1D RSI is well supported on a Higher Lows trend-line.
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** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
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