Japan’s core consumer price index (CPI) rose to a seven-year high, amidst rising fuel prices and a widening trade deficit to give the Greenback the leverage to thrive. In this video, I shared my technical opinion on my expectation this week as I look forward to retesting of the neckline @ 135.000 zone to join a potential rally. Risk Disclaimer: Margin trading in...
Price action has broken above 50-DMA and is on track to break out of daily cloud Pullback on account of Bearish RSI divergence has held support at cloud base
After taking advantage of a huge bearish momentum that gave us over 250pips move last week; what is my plan against the new week? See the link here (last week's follow-up detail) for reference purposes here 👉🏽👉🏽https://www.tradingview.com/chart/USDJPY/GKLQd1eD-USDJPY-Perspective-for-the-new-week/ Risk Disclaimer: Margin trading in the foreign exchange market...
The USDJPY has been on a robust bullish momentum since the beginning of the year and despite the breakdown of the trend structure; the extremely positive jobs numbers from the NFP make it more likely the trend isn't over yet. In this video, I have exp [lained what my expectations are this week. Risk Disclaimer: Margin trading in the foreign exchange market...
The decline of the Greenback accelerated following the release of US economic data and bottomed at 136 to test the bullish trendline identified on the daily time frame hereby reaching its lowest level in two weeks. Now, the question is: Is price action going to respect or breakthrough the bullish trendline during the new week? In this video, I have explained how...
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...
The appearance of a reversal pattern on the lower time frame hints at a possible bullish potential for the Greenback in the nearest future. So, I am going to be patient enough to look out for confirmation around the neckline at 138.400 to join the potential rally. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs,...
Despite its continued rampage in the currency markets, reaching quarter-century highs against the Yen, I am of the opinion that we might be witnessing a temporary retracement in the coming week in anticipation of a trend continuation in the nearest future. This video explains how I intend to take advantage of this opportunity. Risk Disclaimer: Margin trading in...
after the creation of the continuation figure '' Bullish Flag '' and the breakout of resistance we will see a continuation of the bullish trend
- JPY FEATURE is going down a bit right now. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. JPY FEATURE stands at 0.0074 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. Already JPY WEAK is coming with JAPANESE UPDATES. But if the MARKETS RISK continues...
The USDJPY has been on a parabolic rise since March 08 with the 1D MA50 (blue trend-line) supporting the whole move. In fact the most recent rally came on the May 30 1D MA50 rebound. The overall long-term pattern is a Fibonacci Channel but the most important level to consider next is the 135.100 Resistance which is the January 2002 High. Indeed that is a 20 year...
It is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The...
This is a follow-up detail to my previous speculation about this pair (see link below for reference purposes). So in this video, I explained how I plan to take advantage of a buying opportunity. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The...
⛔️ Today is a fairly important day for USDJPY. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE. ⛔️ JPY FEATURE is currently on the rise. ...
- Today is a fairly important day for USDJPY. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE. - JPY FEATURE is currently on the rise. Somehow...
USDJPY 4H Projection My view on USDJPY for 4H. USDJPY Elliott Wave(5 Wave) Structure is over now USD-JPY was trading in an uptrend For a very long time But now we are finally seeing a bearish breakout And as the correction is overdue I am expecting a move down Towards the target below Sell! Like, comment and subscribe to boost your trading! See other ideas below too!
Since the beginning of the month, price action has continued to respect the bullish trend line identified in the 4H timeframe and we are hoping to catch one last bullish move if it finally happens. A significant breakout of key levels during the course of yesterday's trading session could probably be a signal for a trend continuation in the nearest future as long...