Hello Traders, Base on technical and wave analysis we see this scenario for #USDJPY for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Unless you've been living under a rock the last few years you have seen the massive depreciation in the Japanese Yen against every other major currency pair in this post I'm going to share with you why I think the BIG reversal in fast approaching. This post is much like the post I did on the CHF at the beginning of the Year where I correctly predicted a major...
In the United States, traders are awaiting insights from Federal Reserve policymakers, particularly Chief Jerome Powell, scheduled to speak on Friday. Fed members Bostic and Cook will also appear on Monday. Economic data in Europe will be limited this week due to the Easter break, with major bourses closed for Good Friday and Easter Monday. Perhaps the only...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Trend on the jpy crosses were mostly to the upside, pullback was seen on last thur,fri, currently lets see how the trendline and key support holds. will it propel it higher? This is same for EJ. UJ has a potential double tops.not confirmed yet though Do check out my...
Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly...
EURJPY - Intraday Price action looks to be forming a top. A lower correction is expected. Short term bias is bullish. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Further upside is expected although we prefer to buy into dips close to the 163.40 level. We look to Buy at 163.40 (stop at 162.30) Our...
Let's see what's going on in the USDJPY chart. Buyers couldn't push the price up in the last rise and the index hit the stops over the resistance zone. Now, it can fall to the previous important zones.
GJ has had a marvellous couple of days since BoJ rate decision, now we are looking a tad over extended, however being a carry trade I have no interest in the short, my focus for more entries is 'if' we get the pullback towards previous high, I will jump in and aim for 195.
The AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) around the current price of 97.77,...
The USD/JPY has surged to multi-year highs in the 151.000s amid a broader strengthening of the US Dollar and shifting trade dynamics, exerting downward pressure on the Japanese Yen. Currently positioned at 151.590, the pair finds itself within a robust resistance zone, hinting at a potential retracement following the Federal Reserve's upcoming policy meeting. As...
GBPJPY is in an interesting position as we have had a Head and shoulders formation, we have since broken the neckline and we are now in theory retesting this level, now we have a risk of the neckline snapping, in this instance expect a flush to occur, if we see bullish momentum from here, we are likely going to go test the nearest major resistance at 195. Now with...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 148.200 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.200 support and resistance area. Trade safe, Joe.
Today's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.400 zone, GBPJPY is trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.400 resistance area. Trade safe, Joe.
NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a sell from current levels. A move through 90.60 will confirm the bearish momentum. The measured...
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view. If rejected at the resistance, AUDJPY is likely to slide back to 97
The GBPJPY pair is testing the 0.618 retracement at 190.04. The RSI shows positive sentiment and has broken above its falling trendline, indicating that GBPJPY is likely to break above the 0.618 retracement and move higher. If the RSI closes back above the 60 thresholds, GBPJPY is likely to break above the February peak at 191.33 and move towards the 1.382...
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88. If it fails to close above...