Last Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings...
My breakdown for USDJPY this week involves sustaining its temporary bearish trend. Currently, the price has shown a bullish reaction at our identified Point of Interest (POI), resulting in a pullback to tap into a Daily supply zone above. Following this, our strategy involves anticipating a redistribution on lower time frames to facilitate selling opportunities,...
Dear traders, with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price...
usdjpy Update ... timefram weekly i think usdjpy can do it Like as chart....
looking bearish trend in daily ti,efra,e beacuse breakout ascending trendline
USDJPY fell from the double top as predicted in last week's analysis, hitting my take profits all the way down to 147.120. Will there be more downside or are we ripe for a rip back to 152.000? How do we trade this? 🤔 This analysis shows us three clean support areas: 146.000 (Bull Channel Support), 145.000 (Previous High), and 144.000 (200EMA). It's reasonable...
looking bullish trend in daily timeframe beacuse follow ascending trendline
This pair is at a crucial point. What happens here will set its course for the next few months or even longer. Last week, it went above 150, but then there was a big drop. It seems the Bank of Japan (BOJ) stepped in, just like they did last year. When they did that last year, the price dropped over 2,000 pips in the following months. Will the same thing happen...
Recently, I mentioned that USD/JPY might decline from above the 150 mark to test the 147 support or even the crucial 145 level. However, let's not deceive ourselves— the trend for USD/JPY remains extremely bullish. Even if there's a correction of around 500 pips, it's merely a temporary setback, and, from a fundamental standpoint, nothing is changed to indicate a...
Chart says all. UJ is trying hard to broke up the trendline. If it succeed (i expect it) it could pump till 149.00, my target to switch short next
USDJPY W1 - The price has reached the trend line level, which could potentially result in a corrective movement. D1 - The 3rd wave is being realized, the price is near a strong level, which can lead to a correction. If you opened positions from a previous idea, you can securely transfer yourself to the break-even point, and then enter again after the...
USD-JPY - KEYLEVELS These are my Keylevels . Nothing bullish here yet, maybe a discount zone?
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block + institutional big figure 148.000. Like, comment and subscribe to be in...
HELLO TRADERS As i can see thee pair is holding support and soon it will break trend line and continuous to our design TP USD DXY is holding support and looking to retest 103.10 zone this can be retrace and easy these pips this is just an trade idea kindly share ur thoughts with us we appreciate Ur support to the trader community
In the 4-hour timeframe, it is placed in the corner pattern, but in the resistance zone, it is unlikely that we will have a break in the upward direction. If confirmed, it can continue the correction until the specified zone. Due to the positive divergence in the bottom, it can have a high, but with negative momentum, it can enter the sell position in 4 hours with...
USDJPY is consolidating following a bullish move on the D chart. Price completed the AB=CD pattern. The market made a bullish move from the the support. Look left We expect a retest of the resistance level and channel border since the major trend is bullish. ------------------- Share your opinion in the comments and support the idea with like. Thanks for...
USDJPY has been in a strong downtrend since last week, it has now breakout of a correctional move anticipating futher drop.
If the double top on the weekly chart is going to hold, then there should be a good amount more downside in USD/JPY. If it doesn't - we'll exit this trade. 149 was a key breakdown area - in case of a rebound we can enter short. A close above 149 probably nullifies this trade. 145 is the key target.