USD/JPY pair is showing a mixed sentiment with a focus on key support and resistance levels that could dictate its short-term direction - SELL.
Even if there are some bad news for Japan, i expect weakness on USDJPY. There's a bearish divergence on H1 and H4 timeframe and price has broke below main trendline. I am targeting first support zone at 149.000
The USD/JPY pair resumes its upward journey after a mild correction to near 150.40 in the European session on Wednesday. The asset rebounds as dismal market sentiment has improved the appeal of the US Dollar. USD/JPY is seeing a fresh selling wave, closing in on 150.00 in the Asian session on Thursday. The pair is tracking the US Treasury bond yields lower,...
I am entering short on USDJPY. It looks good to enter short now. There is a nice bearish divergence on H4 TF, it's approaching trendline (expecting to break it) and it's ranging in daily resistance.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Looking for the 4h close to confirm rejection, but probably not volume until tomorrows CPI
Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line Break of Structure and Retracement Completed Impulse Waves " 12345 " and Corrective Waves " ABC "
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here what i think about usdjpy i hope i made easy to understand,if not let me know in the comment. if 150.500 break above with bullish possibility that usdjpy can make new higher which is 153.500 to 153.900. so here waht i say look for buy opportunity with great confirmation. always risk 1%. thank you .
The Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27. Bank of Japan Deputy Governor Shinichi Uchida's comments on...
Bullish or bearish signs build in USD/JPY? The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023. The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be eyed with caution and uncertainty. The Yen faced is facing pressure...
The USD/JPY pair on the M30 timeframe displays a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern...
After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating...
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! Discernible indicators suggest a waning momentum within a descending price channel. GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders,...
Fed Chairman Powell participated withinside the American tv program "60 Minutes": With the economic system strong, we sense the want to take into account the timing of hobby price cuts carefully Confidence is rising, however we need to be even greater assured as we take the `very critical step' of beginning to reduce hobby rates Achieving desirable development on...
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the that huge imbalance lower and then to react from that zone. Like, comment and subscribe to be in touch with my content!
Japanese Yen, from a technical standpoint, has a potential appreciation of 2-3%. Yen looks cheap in my opinion and opened at the .786 level. Despite the US Dollar becoming strong, I do believe the Japanese Yen would gradually appreciate due to its domestic price level pressure, and we should see some govt intervention or other traders pushing USDJPY down for a bit.
We expect further downside on this pair, signalled by the symmetrical triangle pattern breakout. We can also see the breakout of a trendline and key level which further supports our directional basis.