USDJPY on Daily TF looking forward to taking orders from POI Area while covering the Fair value gap we can see sell trades in the POI area with a complete risk-reward ratio Just my thoughts:)
The reason why I am still firmly convinced that this movement is going to happen is supported by several compelling factors. Let's explore them in detail: 1.Non-commercials continue to aggressively add long positions in this currency pair. This indicates a strong bullish sentiment and suggests that these market participants have high expectations for its future...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
it seems that the strength of up-trend is getting weaker and it's suitable for Sell (Short Position)
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USD-JPY broke out of the Bullish wedge pattern While trading in an Uptrend so I think That we will see Further growth!
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
I'm waiting for this pair to go to Resistance and will re-observe whether the bullish will continue to strengthen, or there will be a reversal. for now I still see the bullish still strong.
The price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker. Monthly: The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the...
The hurdle for raising rates this month is higher, implying fresh US Dollar falls The Consumer Price Index (CPI) report is the final significant piece of information before the bank's decision. However, it's doubtful that it will alter the current situation. The bank's inclination to take a break, as indicated by May's Nonfarm Payrolls and echoed by Fed Chair...
USDJPY: D1 Support & Resistance This is my depiction of support & resistance which might help you to see the market structure ahead. The use of this support & resistance is for decision making whether you trade breakouts / pullbacks in the next few days.
technical analysis: The price line for USDJPY experienced a slight correction, leading to a decrease and breaking of the uptrend line. The Relative Strength Index (RSI) is currently below the average of 43.59 and maintaining its position at the support level. The Exponential Moving Average (EMA) with values of 34 and 89 is still above the price line, forming a...
Technical analysis: The temporary downtrend line has been broken by the price line. Currently, a smaller bearish pattern is forming, but there is a trend reversal in the RSI. If there's a small amplitude sideways, the two indicators, EMA 34 and EMA 89, won't have a significant impact. Fibonacci generates effective psychological resistances, which provide...
In Asia, S&P500 futures have surged, indicating an increase in the market participants' risk appetite. Market sentiment is optimistic as the Federal Reserve's interest rate decision is likely to result in a neutral policy stance. The US Dollar Index (DXY) has shown a slight correction around 103.60 after a decent rally. The USD Index is expected to perform...
Dear traders, USD/JPY is getting some support from the EMA in the 4Hour chart. Price has rebounded after hitting the EMA. You can also see the formation of a triangle pattern in the chart. If USD/JPY manages to break through the upper trend line of the triangle, then we can see the next leg of bullish move. However, 140.80 is a key level that can offer...
when wave 5 looks over, now enter the correction period, I have not added the new elliot notation, I have not seen the pattern that will occur even though the price movement looks positive for a correction. short term the price will drop to the SnD area with invalid restrictions, when the price moves higher than the invalid area it could be bullish again or there...
✔️ USDJPY is expected to fall ✔️ Recommended to consider Selling from the balance and premium level 139.65 Now try to move down with new Sellers. ⚠️SELL the TOPS!!!