USD JPY Forecast : BUY LIMIT - We must wait for the JPY pair to reach this support area . As it reach this area we can enter with buying position , but we must put stop loss for that trade .
Following our previous analysis on the USDJPY where it was possible to scoop over 500 pips profit (see link below for reference purposes); price action is at a critical juncture at the moment as it oscillates around the 128.000 level. The Greenback weakens in the wake of the CPI and the Japanese Yen continues to soar ahead of the BoJ monetary policy and interest...
From last two weeks, Japanese Yen showing much strongness against all major currencies. Japanese Yen will smash more to them in coming week.
This is a follow-up video to last week's analysis on the USDJPY which scooped over 850 pips in profit to start the year on a profitable note (see link below for reference purposes). The US Dollar started the year on a positive note as it climbed up to test the 135.000 level before selling pressure resumed following the NFP release hereby relinquishing some of its...
Asian currencies witnessed a positive start to the new year as investors bet on slower interest rate hikes by the U.S. Federal Reserve and a weaker dollar. Despite a dull start to the year, It is worth noting that the first NFP for the year is a high-impact macroeconomic event that has a tendency to bring some liquidity into the market and we are likely going to...
#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly on the DOWN SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. With the arrival of FED UPDATES POSITIVE...
Despite missing out on the initial bearish move on Tuesday, we were still able to close the week on a profitable note with about 700 pips in total (see link below for reference purposes). The outcome from last week indicates that the U.S. dollar continues to plunge hereby handing back some of the previous session’s gains as participants attempt to gauge the...
Following a rollercoaster🎢 of ups and downs last week, we were able to close the week with over 500pips in profit (see the link below for reference purposes). Results from Friday's data revealed that Japanese manufacturing activity contracted more than expected in December thereby weakening demand and further denting productive capacity. How will this development...
Two days ago UsdJpy dropped hard with a daily range of 700 pips. With the pair now just above important support, bulls could have a good buying opportunity if they target the 135 zone resistance. Buy dips is my strategy for this pair with negation under 130
This is a follow-up video to my previous analysis on the USDJPY and on the back of a profitable week on this pair (see link below for reference purposes), we are at equilibrium as the current structure has both a strong bullish and bearish expectation at the same time. The U.S. dollar showed traces of weakness on Friday as fears that the U.S. economy was heading...
#USDJPY - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. With the arrival of FED UPDATES POSITIVE USD BUY...
USD-JPY was trading in a downtrend But now we are finally seeing A massive bullish breakout Which is confimred so we are now Bullish biased on the pair At least in the mid term And thus after the pullback And retest of the broken levels We will see a move up
USDJPY is breaking out of it descending channel pattern. and trending in upward bullish direction .According to chart pattern analysis we might see USDJPY towards the resistance level of ascending Channel pattern. Views/opinions are welcome to discuss.
The U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will...
This is the USDJPY pair on the 1M chart. The October rejection and subsequent deep red November may have come as a surprise to many but not if they've had been paying attention to this multi-decade chart that clearly shows the rejection was on a major, historic Resistance cluster. Before we begin, note that the October mega rejection was something we called for...
The U.S. dollar edged lower to post a weekly loss on dovish projection from the Federal Reserve. From a technical standpoint, it is worth noting that the price has been caught within a support and resistance (142.500 and 138.000) in the last two weeks to emphasize the indecision in the market. The coming week is laced with major market-moving economic releases,...
USDJPY continues to look for a support level as the price plunges to close the week at approximately a 5% loss for the Greenback. Attention will remain on the Retail Sales event as participants in this market will anticipate how price action will react to this high-impact event. From a technical standpoint, the price is at a critical level as it tests the...
The USDJPY pair made a strong rejected shortly after our previous analysis where we called for a strong sell at the top of the (now) 6-month Bullish Megaphone pattern: Following a fake-out just above the Megaphone, the rejection was much stronger and so far much longer that any of the previous ones in 2022. The price not only broke below the 1D MA50 (blue...