USD/JPY bear swing was absolutely beautiful, but we are not done yet
Usdjpy has a looooong way to drop still, the impending US recession is not going to be pretty and the moment the market gets a single whiff of hawkish-ness from the BoJ, this pair will sink to the bottom of the ocean like ATLANTIS
In the mean time however it looks as though the bear swing has...
In a medium-term descending channel and in a short-term descending channel, the slope of the descending movement for the ascending wave 3 can move towards the targets of 93 and 92 units.
Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we can see that price failed to create a new lower low and broke the last high so for the confirmation of bullish market structure I expect price to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Thursday 30th of March we have news...
USDJPY broke major resistance that now is a major support on daily timeframe, and this major support coincides with the area of our ascending daily trendline, I believe that the price will touch it, and then it rejects, giving us a good entry for long, I will wait for confirmation and update the idea.
Hello traders, USDJPY is setting up for a downside move watch USDJPY with your own according strategy and look for a short position opportunity.
This is just analysis
GOOD LUCK & GOOD TRADING
Waiting for a retest of 131.494 to short USDJPY back down to 4H swing lows at 128.404
If you agree drop a like and if you have any questions leave a comment :)
🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️
1:✨Eagle eye: a bullish trap and, after it, a solid inside candle
2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend
3:📅Weekly: choch and fresh high market going down, forming a low
4:🕛Daily: the price is near to prices support a sharp fall...
Im looking to short usdjpy at one of these 4 hour trend lines to the 4 hour order block. but if price breaks the second trend line I will go long to the next order block. safe trading
Hello traders.
Looking at the naked daily charts on USDJPY, I sported a key level of Support and Resistance where I do expect the price to rise from there.
Moreover looking at the recent price action we can see pin bar which is a great signal of price rejection from the level.
For safer entry we shall switch to lower time-frames, putting other factors into...
The crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's...
For the third consecutive day, USD/JPY is experiencing heavy selling pressure, pushing the pair lower. The anticipation of a hawkish shift by the Bank of Japan (BoJ) is increasing demand for the Japanese Yen, thus contributing to the downward trend. However, some follow-through USD buying may offer some support to the pair, helping to limit further losses.
During...
USDJPY analysis
Hey Friends
Multiple analysis and chart patterns suggest fall to 127.20 - 125.80 is possible.
Short positions with reasonable sl can make your investment double. work with risk management and trade your levels accordingly.
Good luck
USDJPY has had a significant drop this bottom trend line channel I expect the upside from here. Based on technical analysis I will buy this pair. BUY!!
Hello traders, i am watching price to come around my mentioned area and looking for a next short position opportunity, watch USDJPY in a mentioned area according to your own trading strategy and look for a short position opportunity for a short term trade setup.
This is just analysis
GOOD LUCK & GOOD TRADING
Due to the significant decline in US bond yields, investors have been prompted to bet that it will be difficult for the Federal Reserve to raise interest rates further. The peak of US dollar interest rates is expected to come. It seems that the pressure on the yen in terms of interest spreads is being lifted, and the yen has once again returned to a clear strong...
Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As we can see here we are in a bearish market structure, so I am looking for shorts. I expect price to continue the retracement as on MACD we have normal divergence which indicates bullish price action. As well I see price to fulfill the imbalance higher and then to reject from bearish...
