Bullish pennant breakout pushes USD/JPY to an upside.
Keep your eyes peeled for clues that the bulls still have muscle in their hustle to boost the dollar to the 108.958– 109.871 previous area of interest.
Not convinced that an upside move is in the works? You can also short USD/JPY at the earliest signs of bearish momentum using our Plan no. 2 if plan no. 1 fails.
. There is a possibility of temporary retracement to suggested support line (108.00). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. There is a divergence in RSI and price between the trough at 106.775 on 2019-06-25 and the trough at 104.45 on 2019-08-26, the probability of...
Dollar has found a support at the Range Low against Japanese Yen. Although, it is still stuck between the Range and the OB. So, in order to get in a safe position, waiting for the breakout and longing the retest would be the wise thing to do.
Please let me know if you have any suggestions or any ideas...
usdjpy has recently broken below a key support level on 4H,
quite quickly though the market has returned within the boundaries of a wide trading range 107.4 - 108.4
simultaneously braking the falling parallel channel.
now the lower boundary of the range will be again significant support for the buyers,
The USD/JPY pair reached an important daily resistance zone, forming a bearish candlestick pattern (yesterday's long lower wick and today's strong bearish candle.)
The daily RSI is forming a bearish divergence, signaling that the recent up-move is losing momentum. The low of the up-move represents a lower low - a characteristic of a downtrend.
The JPY has...
USDJPY reached its low for this year, and as long as Gold keeps on kicking in the yen will keeps to get stronger and stronger because Investors are switching their money into safe havens like Yen.
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the pair took its cue from BOJ and FED decisions this week, as we can see on the chart the pair is consolidating above the support level 105.00 CFTC shows that the opened speculators positions at the bearish range and there is a big difference between the price and the money flows, I think BOJ may intervene in the markets in couple of months, I would prefer buying...
We play with Smartmoney concepts, that means that we look mostly on PA to determine what will happen in future.
As we all know, price is moved by BIG players: Banks, Institutional traders, HFT bots (we call them all of them SM).
They can't play as we do, cause of a HUGE lot sizes, so cause of that they need to SELL to BUY and BUY to SELL for...
The US dollar has been stymied at the ¥107 level again, as traders have been chasing stock performance. Remember, this pair tends to move right along with the risk appetite of equities traders, specifically the S&P 500. As the S&P 500 looks like it’s trying to break out, we could get a substantial move, but it’s not until we clear the last couple of highs that one...
By Andria Pichidi
Yesterday’s contraction signal from the disappointing US Manufacturing PMI rekindled concerns about the fallout from ongoing geopolitical trade tensions, while this adds further pressure on the upcoming Jobs report on Friday.
The reading was an indication that trade and tariff turmoil continues to cast a dark shadow over the global economy....