USDJPY CHART ANALYSIS POSTED ON SUNDAY 21 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.
Price is back above a level where we previously had bullish indications in confluence with the trend line. I expect price to continue to the upside and retest the previous market highs. Keep track of the move when price reaches the important levels labeled in black.
cette paire monte toujours une tendance haussière. elle vient de casser sa résistance.
Details on chart - look to play the overall HTF bias once price reaches PPL's
EURJPY - 24h expiry A Doji style candle has been posted from the high. We are trading at overbought extremes. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. We look to Buy at 149.05 (stop at 148.65)...
Hey Traders! 👋 For Day 14/100 of our challenge, we will look at NZDJPY upside potential It is a simple break and retest setup Break of 86 high > created a higher-high 87.3 > Retest to 85 daily resistance and 62% fib > target higher resistance Long thesis is invalid once 84 level is broken Simple technical outlook today. Have a great day ahead 🥂
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 138.1 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 138.100 support and resistance zone. Trade safe, Joe.
EURJPY currently has a score of +4, or a Buy rating after adding up all categories. First, let's look at what institutional traders are buying/selling. We can see that theEUR has a long percentage of 78.31%, and we see that the JPY has a long percentage of 23.83%. This category receives a +2, as institutional traders favor the EUR. Taking a look at EURJPY, we...
NIK225 - 24h expiry We are trading at oversold extremes. A higher correction is expected. This is positive for sentiment and the uptrend has potential to return. The 50% Fibonacci retracement is located at 30124 from 28893 to 31355. Further upside is expected although we prefer to buy into dips close to the 30125 level. We look to Buy at 30125 (stop at...
Hello Traders In bigger picture(TF daily) the price is making an ABC correction. In smaller TF Wave B is completing and trend still bullish in 4hr TF. RSI has been reached in overbought zone so we should expect a small correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For...
Foreign exchange analysts at Goldman Sachs still expect that the US Dollar to lose ground over 2023 as a whole, but expect this will take longer than expected previously due to US and global developments. It notes; “Our underlying view for FX markets this year is that we are likely to see only a “bumpy deceleration” for the Dollar, because slack in the US economy...
Wait price rich to buy zone and open LONG position on AUD/JPY pair
The USDJPY pair gave us the buy entry we wanted last time (see chart below) almost 2 months ago and we took a successful trade: Right now it is above the 138.210 level, a Resistance that was in effect since December 01 2022. This is a short-term bullish break-out call, so we turn bullish again targeting Resistance Zone 1 at 142.000, which also happens to be...
Dear followers, This pair create a new rectangle with new support and new restance. We think the price will increase and we could gain 400 pips from this position. If you find this post useful, please subcribe Channel We also give bonus 20% for your deposit at our platform. More details please find it below profile ` s signature.
CHFJPY could go down Sell! CHFJPY after making all time high makes a bearish divergence and breaks the trendline. Short below this support 🙂
USDJPY is trading at the PCZ of a Bigger Daily Bearish Bat and a Small 15 minute Bearish Bat and it is trading near the supply line of a Daily Rising Wedge; If the patterns hold out we will see USDJPY drop below the Bearish Dragon Trendline and begin a significant move down from here.
The US dollar has hit a fresh year to date high overnight against the yen at 138.87 as it continues to extend its advance from the low of 133.75 recorded on 11th May. Over that period the yen has been the worst performing G10 currency alongside the Scandi currencies of the Swedish krona and Norwegian krone which have declined by over 2% against the US dollar. The...
GBPJPY / 4H Hello traders, welcome back to another market breakdown. GBPJPY is trading around a key resistance level, the price seem to be trading inside a range and yet breakout up. If the range breaks down I'll look to get on the retest. Trade safely, Trader Leo.