BNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our...
Hey Traders, In the upcoming week, our focus will be on monitoring USDJPY for a potential buying opportunity in the vicinity of the 140.900 zone. USDJPY has recently surpassed a significant resistance line and is presently engaged in an upward trend. We are patiently awaiting a correction to capitalize on a potential retracement of the resistance breakout from the...
my idea for gbpjpy with high risk this pair by long time it will reach 193 but now i think we have good to sell it just take 200 point with small stop loss approximetly 50 point
my idea for cadjpy i think it will retest support zone then going up to reach 110.5 it will be good zone to sell it but now we are searching about buying idea ......
blue boxes are liquidity voids, Fair value gaps, body gaps ect. whatever you want to call them (ITL= intermediate term low) (ITH=intermediate term high) (LTL= long term low) (LTH=longterm high).....i would still analyze DXY chart and look at Bond yields... i wouldnt short until the intermediate term structure on the daily actually shifted bearish....once it did i...
EURJPY is rising aggressively since the last touch on the 1day MA50 on April 6th. The long term pattern is a Channel Up since March 7th 2022. The 1day RSI is extremely overbought at 77.00, the highest it has been since June 8th 2022. Buy and target 158.000 and then sell targeting the 1day MA200 at 148.000. Follow us, like the idea and leave a comment below!!
A traders’ week ahead playbook: the BoE and Powell take centre stage The UK gets close attention this week, where we get CPI (21/6 at 4 pm AEST) and the BoE meeting (22/6 at 21:00 AEST). The BoE will almost certainly hike by 25bp, but the move in the GBP comes from the tone of the statement vs the 34bp of hikes priced for the August meeting. GBPUSD is testing...
GBP/JPY maintains its bullish stance around the mid-175.00s, supported by concerns about the dovish stance of the Bank of Japan (BoJ) and selling pressure in Treasury bonds. The currency pair continues to hold onto moderate gains, reaching its highest levels since January 2016. Despite mixed concerns about the UK's economic growth, sellers remain subdued due to...
Hey Traders! 👋 For Day 31/100 of our challenge, we will look at USDJPY for upside potential this week/month Technicals: - Created a new high at 141.400 on break of 140.800 - Price retraced back to 140.200 to form support - Also a pivot area and 62% fib retracement - Looking to target 142.200 Fundamentals: 🇺🇸 Hawkish pause from Fed and a higher than expected...
If gold breaks 1928 area, It opens the doors to falling more. We could see as low as 1922 today if not further. I think the bears have been strong overnight, and we could see a further decline. Sell entered from 1935, now to sit and watch.
Uptrend mapped out, targeting a break in the trend line.
GBPJPY is unstoppable. The market keeps growing like crazy. Here are the next historical structures on focus: Resistance 1: 180.35 - 180.75 area Resistance 2: 186.80 - 188.80 area Resistance 3: 194.94 - 195.83 area I believe that the next goal for buyers is Resistance 1. The market will most likely keep growing. ❤️Please, support my work with like, thank you!❤️
Hello dear traders. Here my idea to EURJPY. we will expect short term bullish continuation. Traders, if you liked this idea or have your opinion on it, write in the comments. Please like and subscribe to my profile. Good luck to you. This idea does not provide the financial advice.
Hello everyone, I want share my idea about JPYX. JPYX is in strong bear trend but this week it stop moving down and start consolidating, but its still in down trend, its stopped little time, but at the moment its stay on support LVL, which in my opinion its weak for catch price on that LVL. On chart I am showing you the 2 possible scene what possible will...
The price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker. Monthly: The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the...
Backtested this idea asia session. Im looking to the left noticing the imbalance in price structure. Price shot high with no retrace in price. The take profits labeled are consider gaps in price where key levels are observed as fair value gaps .
USDJPY SHORT 06/14/2023 Price rejected the close for the daily candle. Aiming for the market equilibriu which is at 139.793 Which align at the previous day Value Area Low. So there is a high chance of retesting that level.