As it seems according to the chart, the bullish trend is still continuing. The analysis shows that the current price level has never been hit since May 2002. Probably, the final target for this movement could be considered close to the resistance area at 136.510. Watch out!
In this chart we can see a long term bearish reversal in comming days. We will enter but after confirmation.
the next target for US dollar is that.im waiting for that pice
Trying to trade anything JPY is proving difficult as we experienced yesterday on EURJPY. The death of JPY just continues over and over. I think the bull run will continue all the way into the key psychological level of 130 before we see any signs of buyers slowing down. I won't set an order, I will set an alert because we are bound to see some manipulation...
Prior to today's market closure, UJ recorded a low at 129.520 before a move upside. Expected a fall out at my rejection zone (130.050-129.920). Expecting a rollover to 129.350's before the NFP data for June drops!!! NB: Red BOx; Rejection zone
Hello Traders ! This is a technical view on USDJPY , we're looking to taking a long position on UJ in the next few hours. For the following reasons: After the fall in the demand area between 127.00 & 126.50. Also, this UJ Market is turning quite bullish in the short term. This move would happen in the next few days when the 127.50 tested its support zone to...
It is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The...
USDJPY Intraday - We look to Buy at 127.62 (stop at 127.11) Broken out of the triangle formation to the upside. A mild correction has been posted from yesterdays high, this is seen as a retest of the breakout level. Daily signals for sentiment are at overbought extremes. Neckline support is 127.60. Dip buying offers good risk/reward. Our profit targets...
Edges above 21-EMA The pair is extending gains for the third consecutive session as price bounces off 50-DMA support.
USD/JPY holds marginal gains, US GDP and PCE eyed Technical bias for the pair remains tilted to the downside. Retrace above 21-EMA could change near-term dynamics.
USDJPY is in a downtrend. As we predicted last week, price action made lower lows. Currently, the price has made a new lower lows and it's pulling back to previous levels. The optimal level to sell would be a zone 127.500 - 127.600. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
TAYOR! this for short until current price touch zone and downtrend begin later i update this one.
Break below 21-EMA, upside remains capped at 5-DMA. Price action is below 200H MA and GMMA shows bearish shift on the intraday charts.
Hello, right now UJ is near a critical area, next to a trend line and a zone, but am hopping for it to break that zone hit the 0.00% Area as TP 1 then push down to retest that minor structure trend line before making, Although keep in mind it’s in the corrective stages and it will eventually continue with a bearish momentum only if it rejects the trend line, but...
Those who have been doing forex for a long time know very well that the Bank of Japan occasionally intervenes in the forex market on JPY. The most interesting thing is that last week, the Japanese Prime Minister Kisida indirectly intervened in JPY. This is why the Japanese yen has strengthened quite a bit against the dollar. Although USD / JPy did not drop much...
USDJPY expecting a short position , 1st correction the supply zone and then a drop cause the 4H TF is still bearish
Going into the new week, the upside potential of the Greenback against the Japanese yen appears to be becoming more limited as falling Treasury yields is undermining the pair’s most potent logic. Technically, the appearance of a double top structure right above the 131 area followed by the breakdown of the neckline is a signal that there is a risk of further...
USDJPY is forming an ascending channel. Price could not break a resistance level at 129.500 and has been rejected multiple times. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!