Hey Traders! 👋 For Day 21/100 of our challenge, we will look at USDJPY upside potential this week. Technicals: - Currently on pivot area (expecting support to form) - But price is still creating LLs-LHs - Better to go long above 139.600 - Target previous high 140.800 Fundamentals: - Market to price in higher probability of rate hikes as positive data continues...
Here is my view for USDJPY on H1. The price could go bearish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
NZDJPY - 24h expiry - We look to Sell at 84.50 (stop at 84.90) Previous support located at 83.50. Previous resistance located at 84.00. Broken out of the channel formation to the downside. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. Our profit targets will be 83.50 and 83.25 Resistance: 84.00 / 84.50 /...
CHFJPY is trading inside a Channel Up for the past 12 months and currently pulling back after touching the 2.0 Fibonacci level. With the 1D time frame technically neutral (RSI = 53.315, MACD = 1.420, ADX = 33.250), the closer the price gets to the 1D MA50, the stronger of a buy opportunity it becomes. The fractal of July-August 2022 indicates that the next HH of...
EURJPY - 24h expiry We are trading at oversold extremes. This is positive for sentiment and the uptrend has potential to return. The trend of higher lows is located at 146.13. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Further upside is expected although we prefer to buy into dips close to the...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 139.300 zone, USDJPY is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 139.300 support and resistance zone. Trade safe, Joe.
Details on chart - looking to see more buys continuing on from better buy areas
Hey Traders! 👋 For Day 20/100 of our challenge, we will look at GBPJPY upside potential this week. Technicals - Expecting a simple break and retest of 172.5 pivot zone - Aligns with support zone + 62% fib - Target is at 175 Fundamentals - Expecting GBP to gain some strength on the back of positive UK data and optimistic pricing in of BoE hikes - JPY to remain...
Hey Traders, Check this analysis on CADJPY out. There are two possibilities that could play out, and the broken resistance will be the judge of that. A rebound from the the retest of the resistance means bullish trend and a break below followed by a simple retest means a harp sell off continuation. Watch out.
Hello Traders It seems the price has completed a bullish 5-wave impulse Elliot wave and right now it is completing wave 5. Also, we have a big weekly resistance between 174.7-175.1 and likely we will see some price actions there, but wait for reversal signs before taking any short positions. Our technical view has been shown in the chart. If you like it then...
NZDJPY - 24h expiry - We look to Sell at 85.00 (stop at 85.36) Previous support located at 84.50. Previous resistance located at 85.00. Broken out of the channel formation to the downside. Reverse trend line resistance comes in at 85.50. Further downside is expected although we prefer to sell into rallies close to the 85.00 level. Our profit targets will...
NIK225 - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. A lower correction is expected. We prefer to consider the medium term trend and expect buying interest to support as prices move lower. Weekly pivot is at 30753. Further upside is expected although we prefer to buy into dips close to the...
AUDJPY has now had two rejections in less than a week on the 1D MA200, which is also at the top of the six month Channel Down pattern. The 1D technicals have already turned neutral (RSI = 50.136, MACD = 0.500, ADX = 19.362), the 1D RSI has been trading sideways inside a Rectangle while the price was on HH/ HL, which indicates a Bearish Divergence and the...
✨ USDJPY... DT (52W, 4W) ✨ Swing Trade ✨ -SL @ 146.646 🚫 MO @ 139.867 📉 SLO @ 144.405 TP1 @ 131.232 TP2@ 118.629 TP3@ 110.372 Current Opportunity I predict that there will be a downward retracement for DXY, and as a result, we can anticipate a similar retracement in USDJPY. My strategy involves taking profits at different stages: I intend to reduce my...
The JPY is undervalued... Unlike other global economies, Japan is not facing an inflation crisis or below 50 PMI figures. The Yen has also been victim to some large bearish moves over the last few years, which are due a retrace move. In my opinion, it is starting to look like a good buy from both a fundamental and technical point of view. As a safe haven...
Cette paire maintient probablement sa tendance haussière. On attend une nouvelle remontée du prix.
The main reasons this move more likely will happen are the followings: -If we look the CFTC, non commercials are shorting JPY aggressively with 117,420 short positions open. 23,135 of those positions were open last week. Only 36,760 positions are long. This means that JPY is getting weaker because non commercials are shorting more than longing. -If we look the...
NZDJPY - 24h expiry Previous support located at 84.50. Previous resistance located at 85.00. Broken out of the channel formation to the downside. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 84.50 will confirm the bearish momentum. We look to Sell at 85.35 (stop at 85.75) Our profit targets will...