After forming yesterdays highs with strength, UJ has shown some selling pressure. Ideally I’d like to see a sweep of todays high in Europes session into continued selling. This trade will likely run through the end of the week.
After a long period of falling yen value from 2022, Japan could solve economics problems Reject from support area and a pullback to EMA20 and reject from it Ready for fly to resistance area Strong bullish momentum in JPYX
Having taken our last portion off the table last week during our anticipated low of the week which was made last Friday 16/03/23 we decided to add back half our original position size back at 82.500 early this morning UK time in anticipation of price trading below last Fridays low made on 17/03/23 We are initially targeting last weeks low. The low of the year...
We are buying JPY and so are looking for good candidates. NZDJPY looked like a pair with good opportunity this morning so we have added this to our list with some exposure in this market this week. Checkout our NZDCHF trade idea too. Subscriptions to this channel for latest updates on this and other trade ideas
The new governor of the Bank of Japan, Kazuo Ueda, is currently in the spotlight as traders attempt to determine how closely he will adhere to his predecessor's ultra-loose monetary policies. Despite inflation in Japan reaching a 40-year high, Japanese interest rates have remained unchanged, causing the yen to weaken considerably over the past year. In his...
Price sold into the bullish order block on the daily and broke structure to the upside, now we have entered a market maker buy model targeting the Buy-side Liquidity above. If JPY is bullish GBPJPY, CADPY is bearish.
The USD/JPY has been one of the most interesting pairs to trade in 2022. The pair has had it all, including hitting record highs and central bank intervention. But the year is not over, and some more market events are primed to possibly inject a little more volatility into the pair. Tomorrow will be the Bank of Japan’s interest rate decision. While markets...
Technically USDJPY Sell Expected From 150.14. And there is a valid strong Bearish Divergence! 1st TP: 147.6xx Remember, there is no place for luck in trading - only strategy! Risk Disclaimer Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of...
Last Thursday was an incredibly volatile trading session for the USD/JPY. This volatility was largely caused by the Bank of Japan's (BoJ) intervention in the currency markets to defend its depreciating currency, the Japanese Yen. Last week’s move was the first time since 1998 that the BoJ had intervened. There are some parallels between 1998’s intervention and...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
Today’s FOMC meeting policy was as expected, with a 75-basis-points rate hike to 3.25%. In reaction, the USD/JPY moved towards the upside breaking a daily consolidation level. The JPY, however, may find some support after the Bank of Japan (BoJ) carried out a rate check in preparation for a possible intervention for the currency. Japan is now prepared at any...
As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy. Only a few days remain until the new prime...
.236 has been hit on this daily timeframe Similar downward patterns have formed on this timeframe The prior .236 touch hit and resulted in a bullish rebound Will this touch be the same or different? Price could either result in a rebound or trend bearishly down the second diagonal red line
In my analysis Swiss Frank will be stronger against the Yen in the coming days.
Entry Buy S1: 130.8888 S2: 129.603 S3: 127.703 Take Profit R1: 134.073 R2: 135.973 R3: 137.285
FX:CADJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.
FX:GBPJPY The blue and red lines mean: I think prices can return in these areas. Green lines mean: I think the price can reach these areas. They are therefore known as transaction targets. If you want to use this deal, please risk only one percent of your account balance.