Japanese Yen remains stronger as US Dollar remains tepid ahead of key economic data
The Japanese Yen edges higher due to rising odds of the BoJ adopting a hawkish stance amid upbeat GDP data. Japan's Gross Domestic Product increased by 0.8% in Q2, marking the strongest quarterly growth since Q1 of 2023. The US Dollar advanced due to improved Treasury yields...
the level of 151.940 should act as demand or support zone it was a resistance level from the monthly time frame where in the price just recently retested the level
the area of 152.750 to 151.940 seems to be the longs area
so i suggest to wait for price to retrace back to demand zone (aligned with DXY)
and then plan the trade
further updates will be posted in...
The recent dramatic rise of the Japanese yen has sent ripples through the financial world. Three sharp surges – on July 11th, 12th, and 17th – have fueled speculation that the Bank of Japan (BoJ) is once again intervening in currency markets. These interventions have resulted in a 4% appreciation of the yen against the US dollar, bringing it to ¥156 per dollar....
As I predicted yesterday, USDJPY bounced nicely.
Analyzing a price action on a 4H time frame, I spotted
one more bullish pattern.
We can notice a completed double bottom formation
with a confirmed violation of its neckline.
I think that the pair will reach 159.07 soon.
❤️Please, support my work with like, thank you!❤️
USD/JPY trickled it's way just shy of 162.000 where it formed a double top reversal pattern on the Daily chart and fell hard to 157.500. Should we still be long? Or is it time to get short?
How do we trade this? 🤔
As mentioned in my previous analysis from May 7th after the massive sell-off from 160.200 back down to 152.000, we should be looking for...
so this analysis is based on high time frame weekly
1) so i identified a CUP & HANDLE pattern, the range for the cup size is from 127.50 to 151.946
2) Handle range from 140.188 to 151.946
so the target projected based on size of pattern
1st target = 163.513
2nd target = 176.392
last three weeks has a price action of three soldiers which has left behind...
USD JPY is moving in an uptrend which means its making Higher Highs and Higher Lows.
To get a buy entry we need to see a retest of the broken High level, entry will be based on candlesticks confirmation at the retest level.
so we had higher time frame bearish ob plus 1h bearish ob resulting our bias to shift negative
price has left bullish fvg near 156.500 we can at that range price to mitigate
The Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves.
Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the...
USDJPY increased yesterday, and bar D1 yesterday closed beyond the previous Inside bar pattern, creating a breakout to establish a new high, continuing the push to the bottom. This breakout could add further upside momentum to USDJPY D1. Structurally, USDJPY D1 is still moving sideways in the main price increase in D1.
USDJPY H1 broke out of the accumulation...
USD/JPY raced to test 160.000 last week and as expected, had a massive sell-off that ended Friday just below the 152.000 breakout area. Should we still be long? Or is it time to get short?
How do we trade this? 🤔
The question in my last analysis was are we in for a hard sell-off? And should we buy these pullbacks? The conditions we see today change the...
USDJPY is still continuing to adjust upward as expected, currently the important conversion resistance level around 156 is being approached, this is the price area where we are looking to sell, please pay attention to the signals here as the price approaches, Consider reopening short positions if reliable bearish signals appear, especially on the daily...
USD/JPY broke ascending triangle pattern at the 152.00 Resistance level per my last analysis. Since then, we have seen the completion of the measured move to 154.500 followed by a third leg up to 158.350! Is this the moment to long? Or are we in for a hard sell-off?
Previous Analysis:
How do we trade this? 🤔
I would not long the market open. After a strong...
FX:USDJPY
The Japanese Yen remains on the defensive amid the BoJ’s uncertain policy outlook. A positive risk tone also undermines the JPY, though intervention fears limit losses. Reduced Fed rate cut bets act as a tailwind for the USD and lend support to USD/JPY. Traders now seem reluctant ahead of this week’s key central bank event and data risks.
FX:USDJPY
The Japanese Yen remains on the defensive amid the BoJ’s uncertain policy outlook. A positive risk tone also undermines the JPY, though intervention fears limit losses. Reduced Fed rate cut bets act as a tailwind for the USD and lend support to USD/JPY. Traders now seem reluctant ahead of this week’s key central bank event and data risks.
Hello, according to my analysis of the USDJpy pair, there is a good opportunity to buy. The pair appears to be in a positive state with the break of the downward trend, breaking a very strong double-botton pattern, and breaking the resistance at the level of 141,900. All of these factors confirm a strong entry for buyers. Good luck to everyone.
USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long?
How do we trade this? 🤔
We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to...
I'm SHORT USD/JPY for the following reasons:
a). Price is back at a confirmed area of resistance last hit on 3rd April and 27th March
b). The Andean Oscillator on 15m time frame has seen a rise of the red SELL line and is now reading .0082 having been at .0027 previous candle and .0010 candle before that having been reading zero for several bars.
c). Andean...
