Having been in USDJPY for the past 3 months, the time has come for all bearish confluences to line up and for the Yen to get on the correct side of currency value with help from a dollar that is set to decline. There will be no more rate increases. America is on the edge. JPowell knows it. Not financial advice. I see a fast furious dump coming down to the 1.44 and lower
UJ has been dropping heavily for the past few days. Still expecting another 300 PIPS drop towards our Wave IV zone, before the final bull run towards $153.300 starts📈 Upon completion of this final impulse move up, we can look to start positioning ourselves into a MULTI-YEAR downtrend. This could be 1 of a lifetime opportunity!
GBPJPY buyers are still holding strong & keeping bullish market structure intact. Price is still up 590 PIPS, after bouncing from our Wave IV low. Roughly another 800 PIPS profit left to the upside, before we see long term reversals📉
USDJPY is falling towards a pullback support and could potentially reverse from here to bounce higher towards our take profit target. Entry: 146.559 Why we like it: There is a pullback support that aligns with the 38.2% Fibonacci retracement level Stop Loss: 144.537 Why we like it: There is a pullback support level Take Profit: 149.178 Why we like it: There is...
USDJPY is rising towards the sell entry at 147.238 which is an swing-high resistance and could potentially reverse from here to drop lower. Stop loss is at 148.600 which is a level that sits above a significant swing-high that took place in November 2022 and the 100.0% Fibonacci projection level. Take profit is between 145.850 and 145.591 which is a pullback...
• BOJ/FED clear and wide divergence comes in play again reflecting on the exchange rate which closed above 146 on Friday • There is a steep and intact ascending channel giving the bulls the upper hand currently • There is no significant resistance level until the yearly highs around 152 and the psychological level at 150
USDJPY is falling towards the buy entry at 145.073 which is an overlap support that aligns with the 78.6% Fibonacci projection level and could potentially reverse from here to bounce higher. Stop loss is at 143.734 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is between 143.300 and 146.560 which is a...
USDJPY is falling towards the buy entry at 145.073 which is an overlap support that aligns with the 78.6% Fibonacci projection level and could potentially reverse from here to bounce higher. Stop loss is at 143.734 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is at 146.560 which is a swing-high...
SLO @ 141.25 ⏳ SSO1 @ 141.00 ⏳ SSO2 @ 140.85 ⏳ Choose your TP based on your trading strategy: 💴 USDJPY (pip movement per strategy): STRATEGY PIP MOVEMENT Scalping 10-20 pips Intraday 20-40 pips Swing 40-80 pips Position 80-120 pips 💴 The average ATR for USDJPY (based on different time frames): TIME FRAME AVERAGE ATR 1 day ...
USDJPY set a new higher high higher close this week. A correctional movement initiated then. The market was steadily falling within a bullish flag pattern on 4H. After NFP release, the price bounced and a resistance of the flag was broken. It makes me think that the market will keep growing next week. First goal - 1407 ❤️Please, support my work with like,...
Japanese yen strength over time. While the yen underperformed during the global monetary tightening phase, in our view, the currency has scope to outperform later this year. We now believe the BoJ will take advantage of a tactical opportunity to further tweak its policy settings in Q4-2023 to further normalize the government bond market. Such a policy move adds...
After an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal...
USDJPY / 4H Hello traders, welcome back to another market breakdown. USDJPY has been trading in a down trend, However, the price is trading now at a key level. I'll be watching if the bulls switch it up around here. Trade safely, Tarder Leo.
The Dollar Yen has completed its fifth wave to the downside, marking the completion of its first major wave (Wave 1). This will now be followed by a 3 sub-wave correction back towards the upside, which counts as Wave 2. Targeting $139 - $140. Similar to all other markets correlating positively to the DXY, USDJPY is only facing a temporary upside, before the...
USDJPY / 4H hello traders, welcome back to another market breakdown. This is an update on the last idea I shared on USDJPY. The price stayed at a range and might be waiting for the Fed's decision this week before making a move. USDJPY has been trading in a down trend. However, the price is trading at where stong bulls are expected to show up. Checkout the 2...
USDJPY broke and closed above a major falling trend line on a daily after unemployment, us data release. Fundamentals are strongly supporting the dollar again and probabilities are high that the pair will keep growing. I expect a bullish continuation now. ❤️Please, support my work with like, thank you!❤️
A strong bounce back from 0.236 retracement level of the previous bullish rally and subsequent formation of lower high shows bears have gotten back the control of this pair
The truth is that I don't know if it's over or not. It certainly feels like the USDJPY pair is going a lot lower, given that the Fed is very close to pausing and cutting rates in 2023. Deflation has always benefited the Yen, which might be the case again. The BoJ took the best stance of all central banks, as they held rates low and provided liquidity when the...