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...
Since the beginning of March, following the important 115 zone break, UsdJpy entered a very strong up trend with the pair gaining more than 3500 pips, which is translated into more than 30%, which is immense for a pair like UsdJpy. After two BoJ interventions, one at the 145 zone and the second marking the 152 top, the pair finally cooled down and corrected...
The market of USDJPY is near to it's demand zone. I think it will touch it then rise to retest it's trendline and from there it will fall. Bette to buy on demand zone if rejected then sell from the trend line if rejected. So follow the chart.
🟢 USDJPY TF: 4H Side: Long SL: ¥145.170 Entry: ¥145.607 TP 1: ¥146.040 TP 2: ¥146.577 TP 3: ¥147.010 USD is gaining strength again so it's time to start buying it.
Following the buying pressure at the 147.000 zone, the greenback rallied during the latter part of last week's trading session to insinuate a potential bullish expectation in the coming week(s). The dovish rhetoric of the BoJ’s monetary policy appears to have caused a plunge which makes it uncertain to jump to any major conclusion at this juncture. However, it is...
Hello guys The @USDJPY will be expected to rise this week, the first target we can make it simple 152, you can set your goals as follows: @USDJPY TP ✅ : 152 TP 2 ✅ : 154 TP 2 ✅ : up up up .... If there is negative news on the dollar, it can fall back and return to a rise... That's why let the stop loss be flexible, and I am confident in my analyzes that it is...
The intervention of the Bank of Japan three weeks ago appears to linger on in this market as the U.S. economy continued to add jobs at a solid rate in September. As the price continues to trade between a specific zone (145 and 144 area) in the last three weeks, we can only wait for a signal to have a trading opportunity on this pair. Risk Disclaimer: Margin...
The USDJPY pair rose aggressively last week, breaking above its September 22 High, the Resistance at the time. The price came on Friday as close as possible to the top (Higher Highs) trend-line of its 5-month Bullish Megaphone pattern. That alone would be enough to reject the uptrend and pull the price back on its own. But this isn't the only metric pointing...
This is a follow-up video to my previous analysis on the USDJPY as trading activities were largely sideways during the course of last week's trading session. So, price action was caught within the 145.000 and 144.200 zone, emphasising the indecision in the market at this juncture. Though price action is still within the sell window at the psychologically important...
The BoJ kept rates unchanged which diverged from other central banks but at the same time intervening in the USD forex market which sent the USDJPY pair sharply lower during the latter part of last week's trading session. This illustrates how I intend to sell the USDJPY as long as the price does not break above the supply zone at 145 area. Risk Disclaimer: Margin...
USD-JPY was trading in an uptrend But after the retest of the horizontal resistance at 144.433 On the daily time-frame The pair broke the rising support And after the pullback bearish continuation is likely
It is worth noting that Japan has been more aggressive in jawboning the Yen in the past week and results might start trickling in the coming week. However, from a technical standpoint, the multiple rejections of the 145.000 area in the last 7 days appear to be revealing the possibility of the selling opportunity getting ready to explode! I have been looking...
After being part of the second wave of the bullish journey that began 3 months ago; the appearance of a reversal pattern on the 4H timeframe might just be a signal that selling momentum is evolving behind the scenes as we head into the new week. In this video, I shared my technical opinion and how I plan to trade the USDJPY in the coming week. since Risk...
Usdjpyready to reversal are you ready ? market break the demand zone ralley base ralley and make supply zone so we expect market pullback we will sell from supply zone .wait for retest the supply zonen
The Greenback fell modestly from an all-time high of 140.800 despite a positive NFP result on Friday to close the day with a shooting star candle. I am of the opinion that we might be anticipating the beginning of a retracement phase of the previous leg that broke out of the neckline structure identified on the daily timeframe which is likely to reflect the quick...
Usdjpy - H2 - I see a break of bullish structure on this pair combined with dollar weakness I think this pair is due for a decent pullback on higher timeframes. Expecting a sharp sell off on this pair. lets see how it goes
This is a follow-up detail on my previous analysis of the USDJPY where I am still holding on to a bullish bias in the coming week. In this video, I shared my technical opinion on my expectation this week as I look forward to a potential rally continuation above the 137.000 area. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity...
The USDJPY pair has been on a very aggressive (turned into parabolic) rise since the 2021 Low. It has been above the 1W MA50 (blue trend-line) and the 1W MA200 (orange trend-line) for the whole year. In the past 30 days it broke below the 1D MA50 (red trend-line) but recovered all the losses quickly and is testing the July High. On this 1W time-frame, the RSI has...