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...
USDJPY fell below the 30EMA to my previously predicted area of 147.100 then immediately bounced back to 150.000 only to stall and leave us wondering what the next move will be. How do we trade this? We're in a bull channel which should put us in a bias to long. But we have a double top reversal signal at a key level of resistance (the previous Weekly high of...
USDJPY broke out of an ascending channel and it's forming a Head and Shoulders pattern.
UDS/JPY has a double top reversal signal on the Daily candles and a triple top on the 4HR candles with a massive gap to fill. This reversal signal happened at a key level, 152.00 which is the previous high from October 2022. As shown in my previous prediction, a short position is reasonable at this level. The double/triple top is the confirmation of that short,...
Hey Traders, Check out this technical analysis on USDJPY. UJ is currently trading with bearish trend move, so anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
Hey Traders, Check out this technical analysis on EURUSD. UJ is currently trading with bearish trend move, so anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
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).
Hello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To...
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...
As I explained in my previous post, UsdJpy could accelerate its decline and test 3 October's low. After this anticipated drop, the pair started to correct to the upside and now it's approaching an important sell zone. I'm looking to fade rallies around 149.50 for a new leg down. A close above 150 zone would negate this scenario
FX:USDJPY extended the losing streak that began on Thursday and marked an eight-week low, trading around 147.40 during the European session on Tuesday. The 147.00 psychological level emerges as the immediate support following the 38.2% Fibonacci retracement at 146.32. The US Dollar (USD) has plunged to a nearly three-month low, influenced by dovish expectations...
USDJPY New forecast The price of the dollar pair against the yen fell to exceed the level of 149.41, and now it is trying to stabilize below it, the support level of 148.35, and stability below this level will confirm the continuation of the dominance of the downward trend in the immediate term, and the way is open to heading towards our next target at 147.87...
USDJPY ANALYSIS .... The following scenario is the most likely scenario for the dollar-yen currency pair
OANDA:USDJPY pair remains under heavy selling pressure for the fourth successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and dives to over a two-month low heading into the European session. With the latest leg down, spot prices have retreated over 450 pips from the 152.00 neighbourhood, or the YTD peak touched earlier...
USDJPY has been in decline again the Yen since last weeks CPI release. The thing I find most interesting though is the rate of the fall. The left hand chart shows the expected daily range (ExMo) for the pair, with price moving further than expectation in the last 4 sessions. Yesterday we dropped double ExMo by 9:30am! With price sitting on the low for the rest of...
Finally, there are signs of shift in market structure from bullish to bearish. On the 4 hour chart, we have an internal break of structure and a change of character. This informs our bearish set up. On the retracement, we shall seek sell limit order(s) at either unmitigated or fresh supply.
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...
Big profits on USDJPY, we are 250+ pips in profit in some day on a single positions. If we can break 149.250 level, UJ will officially enter in a new daily downtrend after weeks of uptrend. New target show us 200+ pips again of profit. Stay tuned