A few words about the current market. Two weeks ago I wrote: The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out. Yes, we are still in that trade, everybody hates it (including me),...
Price action is within the daily cloud, breach below cloud will negate any further upside Investors turn cautious and refrain from placing any big bets as they await the FOMC meeting minutes.
USDJPY (4H) has formed a daily head & shoulder and has broken down. On the 4H price laready grabbed liquidity and has formed a bearing price action. also currently rejecting the monthly resistance zone. Upon close, USDJPY may drop to a daily support level. give a thumbs up if you find value in this idea :)
USDJPY Buy/Long Buy 134.385 Looking to buy at this level to see the continuation of the uptrend, this could be a good pull back level and this buy zone is previous resistance which could turn support. Also lines up with the 0.382 Fib level, (0.50 Fib Level is also covered by our stop los), should price decide to hit that.) After Fridays NFP results, US printed...
For the time being should not hesitate to take additional easing measures if necessary. It is appropriate for the Bank to maintain the current forward guidance for the policy rates. In this situation, it is appropriate that the Bank encourage wage increases through monetary easing, aiming to achieve the price stability target in a sustainable and stable...
USD/JPY slumps to 6-week low, dismal US GDP data stokes recession fears Technical Analysis: USD/JPY slips lower for the 3rd straight session, hits 6-week low Price action has broken below 55-EMA support and is on track for further downside
USDJPY( Daily) was in a bullish move for the long term. The price action only daily has created a reversal pattern and on the close of the monthly candle, we could see deeper retracement and a potential drop in USDJPY. We see a double top, followed by a head and shoulder and, today's daily candle has just tested the neckline of this double as resistance and...
USDJPY is coiling up at the resistance zone. Price action has momentum and the trend will probably continue. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Traders can consider to sell USDJPY after Smart Money joined quite clearly. Big timeframe also showed the signals of correction time.
USD_JPY Break trendline from bullish to bearish And a move Down towards the target SHORT
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Hello Traders, here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watch list and see if the rules of your strategy are satisfied. Dear Traders, If you like this idea, do not forget to...
After the creation of the reversal figure ''Double Top'' and the breakout of the ''Neckline'' we can take the sell position after the opening of the market or we will wait for pullback after we take the position
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
During its July meeting, the Bank of Japan (BoJ) voted 8-1 to keep its key short-term interest rate ( JPINTR ) at -0.1% and 10-year bond yields ( JP10Y ) around 0%. However, it lowered its GDP growth forecast for 2022 from 2.9% in April to 2.4%, mentioning slowing global growth and problems with the supply chain caused by the long war in Ukraine. On top of that,...
USDJPY has been on downtrend. Respecting structure creating lower lows and lower highs. Higher timeframes confirm downtrend as no structure has been broken for possible buys. Re-entry position for USDJPY. Price is in previous area of distribution as labeled on left.
Since the break above 116 resistance in March, UsdJpy has risen strongly, gaining around 20%. However, from the 135 top made in June, the pair's new highs are marginal, giving us a clue that the bulls are tired. After the last high from last week, the pair has started to roll back and if today's candle is closing red, we can have a "tree black crows" candle...
UDSJPY is making higher highs, indicating a bullish trend. Price action created a simple breakout - pullback - continuation pattern. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!