The Japanese yen has continued to fall this week, hitting new lows against the euro, pound and other currencies, as investors look for better returns outside Japan. The yen is currently the worst-performing G10 currency of the year, having fallen 6.4% against the dollar, in contrast to being the best-performing currency. Against the euro, the yen fell 0.6% this...
Hello Traders! This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
Hey Traders, Check this analysis out on USDJPY. The pair had been trending toward the upside for quite some time. Now, it had broken the immediate resistance that could cause a bit of pressure that sellers could take advantage of, followed by an actual smooth pullback. Provided that the price remains below the support, I will look for a short trade. Keep a...
I am waiting two level on USDJPY before entering. 150.600 is the level where i wil start shorting, otherwise at 144.000 i will start buying. This two levels are really important, because they are daily support and resistance. This levels also fit as fibo level 1.618 and -0.618 of recent leg
Most Asian currencies stayed narrow on Wednesday, while the dollar steadied near a six-week high as markets awaited further signals on when the Federal Reserve might start cutting interest rates. The Australian dollar fell 0.1%, even as January PMI data showed some improvement in manufacturing and services activity. The Aussie, often seen as an indicator of...
The USDJPY has entered a significant support zone. In the video, we analyse the prevailing trend, market structure, and price action, outlining a potential trade opportunity. #usdjpy
USDJPY is on its third leg up in this bull trend and heading toward a Resistance Zone at 149.350. Should we consider shorting the resistance? Or longing a pullback? How do we trade this? 🤔 Longing a pullback is the more probable trade. While we are looking at the third leg up in this bull trend (a situation where we may want to refrain from longing), we do not...
Mizuho Bank said Japan will tolerate the yen's decline in the near term, expecting it to rise as the bank tightens policy, possibly as early as the second quarter. Additionally, Mizuho Bank said that while the Fed, ECB and BoE have not yet fully acknowledged that a rate cut is imminent, the Bank of Japan wants to avoid making a sudden change as it could could put...
We expect further upside on this pair, signalled by the descending triangle pattern breakout and counter-trendline breakout. We can also see the breakout of a key level which further supports our directional basis.
The Japanese yen is the worst among Asian currencies through 2024, extending its decline from the previous year as traders grow more confident that the Bank of Japan will delay policy changes were extremely moderate. Reconstruction and stimulus measures following the devastating earthquake in central Japan are expected to offset any notion of BOJ policy...
Hello Traders ! This is the USDJPY Technical Viewpoint in The Long Term . After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD. We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart. Risk Warning: Trading...
USDJPY has been falling in a bear trend since it's double top at last years high of 152.000. We saw a great bull response candle on December 7th and the close of a slightly lower low on December 13th. We may have had the first leg up in a bull reversal, but do we have the data to support it? How do we trade this? 🤔 Short answer, no. We need confirmation that...
USDJPY has officially broken out of the bull channel it's been in since February 2023 and fell hard into the Weekly 200EMA! The final Daily bear candle closed with a large wick over 1/3 the total size and the following Daily candle closed with a long tail as well. Does that mean we're going up? How do we trade this? 🤔 A bear breakout on a bull channel after the...
Hey Everyone, While many traders believe that UJ will reverse and drop significantly, but, what we think price will continue the bullish trend as it is very unlikely that JPY will gain its strength back. UJ will at least move up 500+ pips before it may drop significantly. For this year, USDJPY remain too bullish in our opinion. what do you all think about it?
OANDA:USDJPY yesterday also did not really change too much, with a slight decrease in sideways. However, the downtrend of the H4 chart is showing a quite positive signal, the price continues to move below the Trend. +Currently expect the price to increase slightly near the trend zone then continue to decrease at the resistance levels at 146.5-146.7 Wish you...
Setup looking good for momentum outbreak. Once near term resistance level 137.826 being broken, likely to surge towards 146.69 level base on 1:1 wave. Duration towards short term. DYODD!
Hello, according to my analysis of USDJPY. It exists in a very negative state. The price broke the ascending channel, with the formation of a descending channel as shown in the analysis: All these factors confirm the sellers’ control over the market. More declines in the coming days. Good luck to everyone
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.