Hello traders, what do you think about usdjpy on a higher timeframe market is very bullish on weekly timeframe we saW HH & HL is formed in previous week now on a daily timeframe we saw bullish moemtum to go further up but as you all know market is retracing to go further up we saw 141.00 is a strong level of support from where it bounce to upside on a 4h...
USDJPY's journey is in accordance with last week's analysis where the price was stuck in the support area and now it is corrected and enters the fibo 0.382 area. If you look at the close of this week and a fairly strong bullish candle is formed, and the price pattern is lined up on a curved line, it is likely that strong bullish will still dominate after this.
USDJPY, is currently retracing since we had a massive drop price was expected fill up the liquidity voided area. Our current view on USDJPY remain bearish on daily timeframe.
I normally don't trade UJ however for the benefit of those who do, thanks to a friend's request to take a look and share my thoughts, here is what I would normally look for, a break above the 139.134 zone and a retest of same area, will set the pair up for a nice long position. A break below the 137.296 area and its retest, will set the pair up for a short. For...
Hi Traders! The Japanese yen seems to be under pressure from the US dollar, and it could be under further pressure by the time of the Bank of Japan's (BoJ) press conference at the end of next week. The markets will be looking out for the BoJ's outlook on Yield Curve Control (YCC) in regards to Japan's inflation problems; otherwise, the bearish outlook for the yen...
In the previous week, we witnessed a remarkable 4.6% surge in the Japanese yen, propelling it to a two-month high against the greenback. However, as Friday's trading session unfolded, the U.S. dollar began to edge higher, with traders factoring in the potential end of the Federal Reserve's rate hike cycle amid easing inflation. Softer-than-expected U.S. inflation...
142.40-143.00 supply zone for short. stop loss above 143.00 i.e. 143.20. target: 138.50
The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could...
Hi Traders! USDJPY has found support at the midpoint of the long-term impulse wave and is targeting a retest of the 140.000 resistance level. On the 1D chart, we have highlighted the long-term impulse wave from March 2023. We then found resistance at the 145.073 level and had a retracement wave to the midpoint of the impulse wave. The RSI reading also supports...
today the movement of this pair looks bullish after the market structure has made a new HH. still in accordance with the previous analysis, the target price is at fibo 0.382
S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic...
USD/JPY has delivered a decent trend for bulls so far this year, having risen 14% since the January low. Yet we have been fully aware that net-short exposure to yen futures has approached a historical extreme as USD/JPT prices rose towards 145. Incidentally, 145 was the upper range of the liquidity gap we mentioned in a previous article which has now been...
for two weeks experienced a deep bearish as far as 700pips, this pair is positively included in the bearish trend. at the end of the week there was a correction which if we pull the fibo retracement until the end of the week still reaches the level of 0.786, I estimate this correction can reach the level of 0.382.
Japanese Yen showed its strength last week but on Friday it was weak. I think next whole week Japanese Yen will be weak and it is good to buy all Japanese pairs.
The Japanese authorities are facing mounting pressure as the yen continues to weaken due to market expectations of ultra-low interest rates maintained by the Bank of Japan. The yen gained traction in the second half of the previous week. Speculation of government intervention to counter the currency's weakness added further support. Although direct intervention...
Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Completed " 1234 " Impulsive Wave Demand Zone Fibonacci Level - 50.00% / 61.80% Exp FIAT in Short Time Frame as an Corrective Pattern RSI - Divergence
Everyone, hope you all having a great week, our march setup on USDJPY have been working out perfectly, price on daily timeframe have breakout the previous structure and apparently showing strong bullish sentiment. We need to wait for DXY to show bearish price sign, once we do. UJ will drop significantly. Like and Comment, as always thank you so much for showing...
USDJPY, due to strong DXY, as we had explained in our previous USD pairs that we are expecting DXY to be bullish in upcoming days; so current approarch on USDJPY is bullish for another month or so, we will have to wait for price to complete the bullish price momentum. Once the price reach our area of entry we can enter the swing sell position for a nice 1000 pips....