Latest developments: March 30 – The unemployment rate for February remained unchanged from prior at 2.9%. March 19 – BoJ kept its policy rate unchanged at 0.10% and the 10 year yield target unchanged at 0%. However, the central bank did raise the target band for yields, allowing them to fluctuate by +/-25bps from target. March 18 – National CPI for February...
Latest developments: March 30 – The unemployment rate for February remained unchanged from prior at 2.9%. March 19 – BoJ kept its policy rate unchanged at 0.10% and the 10 year yield target unchanged at 0%. However, the central bank did raise the target band for yields, allowing them to fluctuate by +/-25bps from target. March 18 – National CPI for February...
A close above the trendline signals a break and a start of a new trend for this USDJPY pair. This pair, more often than not, likes to retest the trendline and sometimes breaking to a new low/high before starting a new trend. One more hour before the candle closes so... we'll just have to watch. Happy Trading folks! Cheers!
This pair has been trending up since early January and we may have an upcoming chance to ride a leg or 2 if we see a break above 106. Looking for daily close confirmation and a bullish price action upon re-test of the level. See below a view of the weekly chart and also why I'm bullish biased. We saw a breakout from a long term descending channel after which, it...
Price is within an ascending channel and has hit channel resistance. We could draw up a trendline which has broken. Best way to enter is wait for a correction and enter on break of correction with stops above the correction. Oil is known as the devils pair so be careful! Trade safe.
FX:USDJPY CONFLUENCES: - Early signs of rejection of 71% Fib - Early Signs of rejection of highlighted area - ABCD Pattern Formation - Early signs of Rejection of Daily 51 EMA - Need to see bearish close due to DXY strength for entry
With the massive money printing done by the federal reserve in 2020 with close to $4 Trillion dollars being printed the US dollar does not look good over the next few years. Dollar index looks to be starting a downtrend that could last for multiple years. With rallies taking place in the US equity markets and Bitcoin, currency and commodity markets are showing...
looking at 2 possible points of entry for a buy to give us that retrace we want to see on the higher timeframe.
We're waiting to go long on USDJPY, yeap! We are expecting a weak, weak YEN! We are already in a solid profit on XAUUSD long, idea attached to this post. But, lets now focus only on the USDJPY forex pair. The view is the 4H chart, we have RSI coming in the over sold zone with price strongly heading to the 38.2% fib retracement and its all connected with a...
UJ looks like it wants to sell of from this price rejecting the level with a strong bear candle. price could breakdown further from here judging by the daily chart.
The dollar yen is about approaching the trend line resistance after forming a false breakout. Support zone still intact. Look for a possible long position. FX:USDJPY
LONG USDJPY till the end of the year then sell during US elections.
DXY for Asia Open 00:58:23 (UTC) Tue Aug 18, 2020
Wait for a retest and then enter and hold
I am looking for BREAK of Support. Expecting it to continue BEARISH.SELL STOP AT 106.374 and SL: 106.499 and TP: 106.124. 12.5 pip SL and 25 PIP TP for a 1:2 RISK TO REWARD. Manage RISK to your level. Check out my YouTube at NOEFXX.
Top-down analysis on USDJPY. Key levels and price action explained.