On the M30 time frame, prices are testing the support zone at 147.20, in line with the 38.2% Fibonacci level where we could see further upside to the resistance zone at 147.80. The 147.80 resistance zone coincides with the graphical resistance, descending trend line and 78.6% Fibonacci retracement. Failure to hold above the support zone at 147.20 could see prices...
1 Structure analysis time frame BEAR 2 target time frame : DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H1 4.1 Entry TF Structure: CORRECRIVE 4.2 entry move : RETRACEMENT 5 Support resistance: base H4 ORDER BLOCK 6 FIB: DISCOUNTED AREA 7 candle Pattern: 3 BLACK CROW 8 Chart Pattern: ABCD ELLITE WAVE 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi:...
the market now is making lower low and i see a good zone to go with the downtrend zone and as always risk management is the key
USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
Cunliffe (Dove). Wed: Will set out terms for selling bonds bought after mini-budget at the right time, monetary policy needs to do what its needs to do. LDI funds can absorb a 200 bps rise in yields, weaker areas particularly in non-bank finance and especially in emerging markets, Dutch central bank looking at what's happening in the UK on LDI. Government power to...
The price touched important previous top and top line of important channel. last candle was heavy, and it has pullback on the line. I think it's like ending diagonal triangle. I'm just waiting for DXY reaction.
Last Friday, USDJPY saw a lot of volatile movement after reaching the unexpected high of 152.950 before doing a steep drop down to 145.500. Most suspect BOJ intervention yet again but it hasn't been confirmed. The last time the BOJ intervened against the strengthening dollar the pairing only saw a drop for a short period before shooting back up to new highs. Will...
USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
The Yen is weak... The weakest against the dollar I have ever experienced in my trading career... Economically though, Japan is not in the worst situation, especially when compared to key economic figures... Current global inflation rates; US 8.2%, UK 10.1%, EU 9.9%, AUS 6.1%, CAD 6.9%... Japan 3.0% GDP growth; US -0.6% (recession), UK 0.2%, EU 0.8%, CAD...
Price has been extremely interesting as far as USDJPY is concerned. Market-makers pushed it just outside my 147.000 - 149.000 zone. This was expected since I totally understand that they would not just make things obvious for traders. Their aim is to take as much money as possible from ordinary retail traders. A massive fall back to the 147.000 level took...
Good morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/JPY Sell. Enjoy the day all. Cheers. Jim
Huge volume spike on levels not seen for since May 2022 Could this pair be loosing steam and a potential move to the downside lurking?? Price in an ascending channel RSI exaggerated divergence snapshot The recent price action was very similar to the BOJ intervention 22/09/2022, Using factual theory's we could see price bounce from this area but unable to...
This is how I would like to get involved in the bearish market for this coming week.. well on a bigger picture USDJPY hasn’t shown any sell commitment… this might as well reverse to the upside which will indicate that the Friday drop was just a correction
USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react...
This USD to JPY chart is on a monthly time frame Over time, the dollar weakens and the yen strengthens
much overbought everywhere,even if no intervention,need a correction
this level 153.9 is too much hard to get broken by USDJPY i will bet on my life on this level, i will short it with all cent i have.