UJ is bullish after breaker the key zones, I anticipate the continuous uptrend to fill all the liquidities above up to my marked target levels
During the Asian session on Wednesday, the USD/JPY pair faced selling pressure, causing a partial erosion of the previous day's gains that had exceeded the 144.00 level, reaching a new high since November 2022. The spot price is currently trading around 143.80, down nearly 0.20% for the day, although any significant downward adjustments still seem...
Here is my analysis for USDJPY on H4 using Order Block. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Even if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter. Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control. On the other hand, an eight-week-old...
The USDJPY closed at 143.70. Speaking of its resistance, the area around 144.06 will act as a resistance area. If a candle rejects from this level, you can open a sell position with a stop loss of 40 pips and target the support level at 142.20. I hope we can make a good profit from this trade. Disclaimer: The information provided is for educational and...
if you look at the elliot notation and fibo extension placement, then wave 3 is right at 1.618, which means wave 3 is already 1.6x longer than wave 1. I want to predict where the USDJPY price moves using the fibo extension, and it could be that the price goes to the fibo extension of 1.618 as well. if you look at the trendline, there is a possibility that the...
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.
As I am saying since last two months that JPY is not strong enough and it will remain in bearish mode and now, we can see the currencies again JPY are going straight up, and I think it will remain up (Pairs)
Hi Traders! There is a range zone setup on the USDJPY 1H chart. From looking at the price action, it looks bullish, and we are close to a breakout. There is resistance at 141.973 and support at 141.442. We are looking for a resistance break above the zone to target the psychological 142 barrier. If there is a break of the 142 barrier, then we have further...
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...