Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around134.400 zone, USDJPY was trading in a downtrend and successfully managed to break it out due to USD strength that got triggered with several feds hawkish comments, so today we will be watching a potential retrace of the trend at 134.4 support zone. Trade safe, Joe.
USD/JPY experienced a rally up to 135.13 last week but then retreated during the dollar softening. At the start of this week, the initial bias is neutral in the 4-hour chart since the market is waiting for the BoJ interest rate decision that will be released on Friday. Therefore, technically, a further rise is expected if the support level of 132.01 can be held....
We have a deal on the pound yen that is approaching a very strong supply area and approaching a head and shoulders formation
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Today's focus USDJPY Daily Chart Pattern Support hold/trend continuation Possible targets – 134.95 – 137.35 Support -133.90 – 133.70 Resistance –134.70 – 134.95 Indicator support – Price above MA with upslope CCI above 0 line Will today's push higher turn into something more on the USDJPY? Buyers so far have set the tone with a 0.42% rally to today's high. Some...
Details on chart - looking to see continuation buys on GJ to further support the main narrative
SHORT NOW !!! | USDJPY get now ! see chart & risk / riward get now ! see chart & risk / riward get now ! see chart & risk / riward get now ! see chart & risk / riward
Hey Traders, in tomorrow's trading session we are monitoring GBPJPY for a selling opportunity around 167 zone, GBPJPY was trading in a downtrend and successfully managed to break it out and now seems to be in a correction phase in which it is approaching the retrace zone, so we will be watching a potential reversal from 167 resistance area. Trade safe, Joe.
The CHFJPY pair has reached a strong resistance zone and is now forming a flag pattern with a clear divergence on momentum indicators. It has also formed a double top pattern, waiting for a breakout of the pattern to the downside and a breakout of the uptrend line to confirm a good selling...
The AUDJPY currency pair has rebounded after touching a yearly ascending trendline on the weekly chart. Current indicators suggest that the uptrend is still intact, but a price level of 91.10 must be surpassed for confirmation. On the 4-hour chart, the price is moving above the 100 and 200 moving averages and forming higher peaks within an ascending channel. The...
USDJPY is forming a Head and Shoulders pattern right on the 0.618 Fibonacci level. That, along with the 1day MA200 which had the last major rejection (March 8th) are the ideal sell entries. Target Support A (129.700) on the short term. The long term target can be much greater. Previous chart: Follow us, like the idea and leave a comment below!!
The EURJPY pair has hit the 147.750 Resistance after a strong rally that started a month ago at the bottom of the 1 year Channel Up. The key 1D technicals are firmly bullish (RSI = 65.143, MACD = 1.070, ADX = 55.694) suggesting a strong green trend but as the price is approaching the HH trendline, the greater the probability becomes for a 1D MA50 pullback. This is...
The AUDJPY pair has successfully broken through the 0.90 resistance level, but with decreasing momentum as indicated by the oscillators. Additionally, reversal candles have started to appear, and the price has touched the daily 100 moving average. If the price does not continue to rise and responds to the previous indications, we may have to wait for a bearish...
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 133.400 zone, USDJPY is trading in an ascending channel and now seems to be in a correction phase in which it is approaching the channel support around 133.400 supply and demand zone. Trade safe, Joe.
Details on chart - looking to see continuation of price from PPL's
Currently, I am observing a potential bullish uptrend in the USD/JPY market, indicating that the price of the pair is likely to continue to rise under 61% my Fib level or to breakout for continuous short breakdown to 39mins chart during opening of London session. NOTE : It's important to keep in mind that relying on a single indicator cannot guarantee profitable...
The GBPJPY reversed strongly from the 168.00 resistance area, with the price now having broken the support-turned-resistance level of 166.60. In addition, the price has closed below the 61.80% Fibonacci retracement level from the longer term. Further downside could be expected with the next key support level at 165.40. However, the 166.00 round number level...