Following a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision. BoJ Monetary Policy Meeting Minutes - its first...
Currency Pair : USDJPY Possible direction : Bearish Technical Analysis : After a strong breakdown on the daily ( strongly influenced by JPY strength) USDJPY currently forming a symmetrical triangle which may break to the downside again as this may continue to trend to the downside to test the long term order block. From higher timeframe we can see possible...
#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever...
Dear Traders, after we had negative report on #DXY which has led most of the pairs tricky to trade with, USDJPY, we had 750+ take profit achieved in our last setup that was posted, now as we have a good area to enter. Price needs to drop to 4HR ORDER BLOCK where we expect price to reject strongly. Stop loss can be between 50-80 pips, take profit must be 400-400...
Hey Everyone, as SVB banking crisis began FED had to get involved and market was too volatile since the morning and that is why some of the USD pairs had affected significantly, our last setup bounced and was +100 after the london session began price dropped significantly.
USDJPY, D1 Technical Analysis. Here's the next possible moves.
Currency Pair : USDJPY Possible direction : Bearish Technical Analysis : After a daily middle mand last day of trading week, today market open with strong week less candle and price has broken down with strong impulse from long consolidation. From Monthly perspective, there is rejection from monthly resistance level and highly likely price will test the monthly...
On March 3, Friday, the USDJPY slid from a two-and-a-half-month high. The US non-manufacturing ISM index, released on the same day, fell from 55.2 in January to 55.1. The US dollar index, which measures the dollar against six major currencies, dropped from a high of 105.36 at the beginning of the week to 104.60. Investors took the opportunity to profitably...
The US dollar pulled back a bit during the trading session on Friday as it looks like a potential sell-off in the short term is building up behind the scenes. Overall CPI inflation in Tokyo, rose 3.4% in February, compared to a 4.4% rise in the prior month - a negative variance of 1.0% which doesn't appear rosy for the Yen. The Bank of Japan continues to print...
1. Bearish bat formation completion at daily resistance level. 2. Ascending channel completion at daily resistance level. 3. Equal measured move completion at daily resistance level. 4. Daily resistance level previously respected. 5. RSI (7) strongly overbought.
Despite negative GDP data last week (negative variance of 1.71), the dollar closed its fourth consecutive week in positive territory, trading 1.80% higher to culminate at the 136.500 zone. The economic data released so far this year has painted a stronger picture of the U.S. economy. It is also worth noting that the incoming BoJ governor Kazuo Ueda indicated that...
USDJPY Fractal Trade Safe The Risk management is always the Key I will Update the Idea after 3 days From now stay tuned.. Good Luck!!
We have USDJPY H4 Analysis for Zone Marking. According to this analysis, we can see the price still running Above 200MA & price Running ascending channel using pattern of Higher High & Higher Lows This sign of buying pressure for more confirmation we have marked demand & supply zone which is mentionedin the downside. Demand zone1@ 132.276 to 131.460(Strong)...
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.
Dear Traders, hope you are doing great so we have USDJPY which in previous setup it did not respect our entry as in setup but it is still within our zone which we think is an crucial area for price to reject from. Let's see how price behave next week!
-Hello Traders, so we had to send an updated setup to everyone who has been waiting for USDJPY to go all the way up and that is why after BOJ announced their decision to not change the monetary policy. We waited whole day yesterday for UJ to settle down and have a clear view!. -Sellers are being exhausted and failed to take this pair lower low even when JPY BEING...
Currently, in the weekly time, we see that we had the last 3-log completion of an ABCD in the range of 149.441, and we saw a very accurate reaction to it. Now, by examining the correction phase, we have 5 targets, each of which can act as a resistance to reduce to the trend line. be first and second. The last range of completing a reciprocal is in the range of...
Dear Traders, Hope you all doing great, recently we have seen some bullish momentum and that is why our bias and area of entry has changed drastically. For this pair an ideal enrty would be to wait for it to come to our area of entry where we can go long for swing. What do you think? Comment down!!