Last week JAPANE has not increased its interest rate and by this JPY come again in weakness after some strength but from last Thursday USD took strength against the JPY. Better to watch buying opportunity on it.
On Friday night USD fell badly just due to the speak from Federal Member. I believe it will rise again and will make new HIGH of this year. Better to buy on DIP as I already mentioned in the chart.
#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...
Each person can see patterns in this chart based on their vision, such as triangles, wedges, or flags. Therefore, in my opinion, the template name is not very important. Whichever pattern breaks, we will most likely see a sharp move in the same direction. Observe the money management and the stop loss, the Fed is speaking today, and the Jackson Hole meeting is...
The market of USDJPY is in Bullish Divergence and also it taking support on Trend line which is giving strong indication of further bullish momentum.
#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...
We can see the weakness on the upside because it's hitting January 2002 resistance. Just check the monthly chart, you can see it there. The trendline will be the confirmation if we will go bearish. Just wait to break the trendline and go short. We have long way down.
As you can see here, I see 3 possible scenarios for USDJPY. It's been in an uptrend for some. I mostly want to sell as you can tell since 2/3 of scenarios include UJ falling to 132.6. It hasn't seen that 132.7 high since 2002! So should it decide to go up, I'd prefer a deeper retracement, but with the "r" word looming in the US economy I'm not confident that UJ...
#usdjpy, Bar "A", "B", and "C" formed evening star pattern for short. 21st June bar "A" broke resistance to catch stop losses. Bar "B" inside bar confined within the range of the last bar. Bar "C" broke inside bar low confirmed weakness ahead. 133.00 first hurdle as a support if breach then next 132.30.
#usdjpy, 15th June daily bar is key reversal bar dictating weakness ahead. while friday bar is quite bullish bar but not breached 15th bar high. So until price does not breach key reversal bar high my view is bearish. sell cmp 134.90 with stop loss 135.80 for target 130.80.
I believe that Japanese Yen will be weak again as compare to US Dollar. It will be better to look buying opportunity on it. Please read the chart for buying direction.
- 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...
Near psychological level 135, the USDJPY formed an ascending channel. Price is decelerating with a huge divergence on the indicators. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
USDJPY hit a major structural resistance level of 134.500 like a wall. Price action formed a double top, indicating that the market cannot make a new high. We expect some price relief or sideways move at the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
USDJPY is forming an ascending channel. Price could not break a resistance level at 129.500 and has been rejected multiple times. ------------------- 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 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. ...
USDJPY tested a level of 131.300 and failed to go higher. That basically means bulls do not have enough strength to break that level. We are expecting some price relief. The price could fall to the 127.500 level. ------------------- 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...