USDJPY (H1) Is creating a pattern of narrowing the fluctuation range after a strong price increase. Buy Stop at 149.812. Stop loss at 149.021 Stop at 151.277
After the price breaks the multiple structure, then the 150,500 area becomes an important level. Currently the price is just trying to return towards the 0.786 Fib area. after that the price will retest the price level around 150,500 - 150,700. Once the price reaches this area, further confirmation is needed for bearish action.
Introduction: The USD/JPY pair has experienced a dynamic week marked by a double top pattern, providing insightful clues for traders. While recent days showcased a retracement and an apparent uptrend tendency, the most recent price action is signaling a potential shift. Retracement Dynamics: The past week witnessed a retracement in the intense and continuous...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
The uptrend is losing momentum due to the potential weakening of the dollar. We have a strong resistance line at 151.908 (52-Week High).
USDJPY is retesting the broken horizontal support level on the 4-hour timeframe, or the lower trend line. We expect the pair to re-test the key support levels listed on the chart, We are taking this trade based on technical analysis and candlestick patterns. These are long-term trades, It is advisable to have enough margin to handle the fluctuation of the...
In the foreign exchange market, the U.S. dollar weakened, closing at the day's low, extending Tuesday's losses. Data: October building permit applications were higher than expected, but did not provide much support for the dollar. Sterling fell by nearly 40 pips following October's retail sales data, but then rebounded sharply as the US dollar weakened. The yen...
Hi Traders! The 151.946 apex level proved to be too strong and there is a now potential double top pattern on the USDJPY 1W chart after the market failed to break and close above 151.946. Price Action 📊 After the initial break and close above the previous strong resistance level at 145.073, the market traded with continuous bullish momentum to target the...
PIMCO, one of the world's leading investment management firms, has taken a significant position in buying yen, indicating their preparedness for an imminent tightening of the Bank of Japan's (BOJ) monetary policy. The BOJ has long been known for its accommodative stance, but recent economic indicators and signals from policymakers suggest a potential shift...
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.
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
Short remains the strategy and constant weekly program until low 140.00's trade. The downside potential for OANDA:USDJPY is enormous. OANDA:USDJPY short, medium and long term trades massive massive overbought. The target at 140.00's is bare minimum. For the week, OANDA:USDJPY targets low 150.00's. If there is a good signal, I will update everyone soo n
Statement from Japan's Minister of Economy on the third quarter GDP report: It should be noted that the threat of global recession is depressing the Japanese economy Domestic demand, including consumption and investment funds, decreased significantly in the third quarter Personal consumption slumps due to rising prices Industrial production is under...
Yomiru: Japan plans to reduce taxes for businesses that increase wages A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%. The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation. If the wage increase is widely...
Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen! Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A...
Harmonic Pattern appear in USDJPY 1 H this may lead us to take a sell limit
Following three consecutive sessions of sharp decline, buying strength has resurfaced as the price nears the lower boundary of the ascending price channel. While the overall bullish pattern remains intact on the H4 and daily timeframes, it's worth noting the emergence of a bearish signal. A notably robust bearish pin bar has taken shape on the weekly chart,...
The Bank of Japan has expanded the scope for adjusting short-term interest rates and has increased its inflation target for fiscal year 2024 to 2.8%. This means Japan's inflation will exceed the 2% target for three consecutive years and is closer to achieving sustainable price stability. If the Bank of Japan (BOJ) wants to have a clearer view of wage increases...