Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. EURJPY is approaching a strong daily resistance and round number 150.0 , so we will be looking for sell setups on lower timeframes. EURJPY is forming a head and shoulders pattern, but it is not ready to go yet. 🏹 For the bears to take over , we need a momentum candle...
Derek Halpenny, Head of Research, Global Markets, EMEA & International Securities at MUFG, suggests that the recent trend seeing a weaker Japanese Yen (JPY) may not last, due to the changing dynamics that drove the currency weaker in 2022. "We remain unconvinced that the trend in yen weakness can persist. The dynamics that drove the yen weaker in 2022 are...
Hey Traders, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 137.300 support and resistance zone. Fundamentally Inflation is still a concern in the US, multiple feds have indicated that Powell still has more work to do and still have to opt for more rate hikes which should trigger USD...
The FRB’s cycle of rate hikes could reach a turning point given global financial uncertainties and concerns about stagflation in the US. The dollar/yen pair’s topside will probably grow heavier as US interest rates slide.
USDJPY broke an important horizontal structure resistance this week. Next week on focus will be the contacting zone of demand based on a rising trend line and a broken horizontal structure. The underlined blue area composes the so-called zone of demand. From that zone, I will expect a trend-following movement. Goals will be 139.8 / 141.9 ❤️Please, support...
Hey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 150.1 zone, EURJPY was trading in an uptrend and successfully managed to break it out and currently EURJPY is in a correction phase in which it is approaching the retrace are at 150.1 support and resistance zone. Trade safe, Joe.
The US Dollar to Yen (USD/JPY) exchange rate has rallied on Thursday, amid hopes surrounding the US debt ceiling talks, strong US job data, and upbeat US data releases. Derek Halpenny, Head of Research, Global Markets, EMEA & International Securities at MUFG, suggests that the recent trend seeing a weaker Japanese Yen (JPY) may not last, due to the changing...
Trade Idea: Buying USDJPY Reasoning: Pullback into newly formed support on the daily. Entry Level: 138.104 Take Profit Level: 139.58 Stop Loss: 137.50 Risk/Reward: 2.4/1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The...
Dear followers, This pairs is in the uptrend from 11th May. Look at the chart we seea bunch of candle express many short order If this pair expect reject its support, price of EUR/JPY will reach resistance H4 151.200. If you find this post useful, please like or subscribe our Channel
NZDJPY set a new higher high higher close on a daily, violating a solid horizontal structure resistance. The broken structure and a trend line now compose a contracting zone of demand. I will expect a bullish move from that. Goals: 89.6 / 87.55 ❤️Please, support my work with like, thank you!❤️
After Break Channel You Must Wait For PollBack to Resistance Area SL:134.28 TP:128.09
The head and shoulder pattern looks diagonal and the downtrend is expected to continue. StopLoss:149 Short:146.98 Target:143.02 Please share your comments with me.
Yen Undervalued, Yuan to Lose Ground Danske Bank continues to expect that the Bank of Japan will tighten monetary policy this year, although the timing remains very uncertain. While a key argument against the Euro is that the currency is overvalued, it considers that the Japanese currency is substantially undervalued. According to Danske; “Overall, USD/JPY...
CHFJPY TRADE IDEA THURSDAY 18 MAY 2023 Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
Details on chart - looking to see price continue its HTF trend with buys from better buy areas
Today's focus USDJPY Pattern – Resistance test. Possible targets – 138.50 (Upside) 136.30 (Downside) Support – Resistance – 137.75 Here we are again back at the 137.75 area that has stopped USDJPY rallies since it developed around December 2022. This is the fifth rally from buyers that has tested this area. Will we finally see a break of this level this time...
CHFJPY CHART ANALYSIS POSTED ON SUNDAY 14 MAY 2023. Let's see how this pair will perform based on the analysis. Make sure you do your research and based on your confluence please look for the entry. Don't rush your trades without any confirmation. Trade safe and use always proper risk management. Thanks in advance for checking my trade idea.
GBPJPY got rejected on R1, making so far a Double Top with the October 31st 2022 High pausing a rally that has started at the beginning of the year. As the 1D technicals show (RSI = 62.785, MACD = 1.330, ADX = 28.382) the trend hasn't changed, technically it does only with a candle under the 1D MA200. But every such HH rejection always tests the 1D MA50. Based on...