USDJPY Intraday - We look to Buy at 128.34 (stop at 127.42) Buying pressure from 128.00 resulted in prices rejecting the dip. This is positive for sentiment and the uptrend has potential to return. There is scope for mild selling at the open but losses should be limited. Prices expected to stall near trend line support. Preferred trade is to buy on dips....
As we can see that USDJY taking support on it's previous support zone. I believe from the current market price it can be bullish.
The US dollar has fallen hard during the week to reach the ¥127.50 level. However, we have turned around to show signs of life again, and now we have ended up forming a bit of a hammer. That being said, the ¥130 level continues to be a bit of an issue, so I think we are more likely than not going to continue to see a lot of sideways trading, as we need to digest...
Confluences 1. Made a Daily Lower low 2. Broke the key level and now retesting it 3. Rejections on 131.000 Major psychological level
Wyck off Accumulation Schematic for long position . . This is Not Financial Advice . 🧅JUST AN OPINION OF THE ONION.🧅
This is a follow-up detail to my previous speculation about this pair (see link below for reference purposes). So in this video, I explained how I plan to take advantage of a buying opportunity. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The...
USDJPY has broken the channel and pushed lower as we predicted before. Currently it's testing a support level, which is a swing zone. We are considering buying at the 128.600 support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The currency pair is supported above 130.00 / 129.40 / 128.75 but below the 128.72 the recent rally could find an abrupt end and a decent dip to around 125 ish is on the agenda. Above the April high at 131.25 is not much resistance left. You have to switch to a monthly chart to find the next real resistance at 135.
I'm currently studying the wyckoff . . Let's see how it goes. . i can't publish smaller TF so .... . This is Not Financial Advice . 🧅JUST AN OPINION OF THE ONION.🧅
USDJPY traded up and down as participants anticipate Fed speak during the course of last week's trading session after which we witnessed a spike down into the buy opportunity area around 128.5 that we identified at the beginning of last week's trading session ( see link below for reference purposes - Following the test 128.5 was the appearance of a reversal...
Japanese yen is weaker against the USD. I believe that this bullish journey will remain continue in next week. Better to look buy opportunity on every support taken on trend line.
my trade setup for next week (3) . This is Not Financial Advice . 🧅JUST AN OPINION OF THE ONION.🧅
I am expecting USDJPY to continue its long term bullish trend towards 121.253 and beyond. USD strength is still extremely high and investors continue to sell riskier assets and currencies. I do expect a price pullback at market open to one of the demand zones that I have marked on before this moves.
A follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry. Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar...
Japanese yen is still weak and I believe that this pair will continue grow to make new high.
USDJPY broke the channel and made higher high. We are considering buying pullback that happened recently. ------------------- Share your opinion in the comments and support the idea with Like. Thanks for your support!
- Today is a fairly important day for USDJPY. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE. - JPY FEATURE is currently on the rise. Somehow...
Considering the long-term bullish momentum on the USDJPY where we continue to see the Greenback grow immensely against the Yen in the last 4 months; I am looking forward to a buying opportunity above the key level identified at the 128 area. However, should a breakdown/retest of the bullish trendline on the 4H timeframe... we might be looking forward to a...