#USDJPY
- By this time USDJPY was very well BUY with US ECONOMIC DATA being POSITIVE. And FED UPDATES were very POSITIVE. So the JPY automatically went down. The other reason is that MARKET RISK is ON. And JPY WEAKNESS came according to their ECONOMIC PROJECTION. Therefore, with the SENTIMENT in the MARKET, the JPY became WEAK in a very short time.
-...
#USDJPY
- By this time USDJPY was very well BUY with US ECONOMIC DATA being POSITIVE. And FED UPDATES were very POSITIVE. So the JPY automatically went down. The other reason is that MARKET RISK is OFF. And JPY WEAKNESS came according to their ECONOMIC PROJECTION. Therefore, with the SENTIMENT in the MARKET, the JPY became WEAK in a very short time.
- At...
#USDJPY
- At this point, USDJPY was fairly well BUY with the emergence of some positive comments regarding US INFLATION DATA and RATE HIKE SENTIMENT in recent days. As a result, the USD automatically rose against the JPY. The other reason is that MARKET RISK is OFF.
- Right now, the MARKET is getting a bit RISK ON, that's why the USD is going down. For this...
- JPY FEATURE is going down a bit right now. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. JPY FEATURE stands at 0.0074 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. Already JPY WEAK is coming with JAPANESE UPDATES. But if the MARKETS RISK continues...
⛔️ Today is a fairly important day for USDJPY. This is due to the release of USD CPI 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. ...
- 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...
- UNEMPLOYMENT CLAIMS DATA is due to be released today for the US dollar. PHILLY FED MANUFACTURING INDEX DATA will also be released. And there's another important EVENT FED CHAIR POWELL SPEAK today. It will definitely be the strongest NEWS for USD. According to the MARKET SENTIMENT, a DEMAND can still come to USDJPY.
- JPY FEATURE is currently on the rise. ...
In a 240-minute chart, the Ending Diagonal pattern is formed, there is a scenario that a strong uptrend will be formed according to this pattern.
As it has been shown in the picture, the target of this pattern is in the range of 109.85, and the loss limit will be 103.52.
Daily time frame analysis and the general trend will be determined soon
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I'm here with a new forex idea and analysis, Kindly share your LOVE by giving me LIKES and COMMENTS.
Share with more traders like you.
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Thanks...
MACD4c on 1D chart, is giving a sell signal , the contracting triangle can break on any directions but there are more possibilities that it will bo down as it's a downtrend. It's a very good risk reward setup :)
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