USD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 154.70 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 156.38 which is a level that sits above a pullback resistance. Take profit is at 152.20 which is a swing-low support. High...
Trading Setup: There is a Trading Signal to Buy in USDJPY Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 154.29 ⭕️SL @ 153.59 🔵TP1 @ 155.64 🔵TP2 @ 156.49 🔵TP3 @ 159.30 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
I have analyzed why USD/JPY is repeating a similar pattern from 2022, and it's likely that we could see the same reaction. Please watch the video and share your thoughts. Follow for more breakdown!!
In technical analysis, a trendline is like a road that the price of a stock, currency, or other asset follows. Imagine it as a path where the price keeps bouncing up and down. This bouncing happens because of statistical probability – just like how certain things tend to happen again and again. However, that these bounces aren't always successful. Sometimes, the...
Based on what i was looking on usdjpy , I saw all the yen pair retracing as we reference UJ as a liquidity pair that set the direction of other pairs of yen. so we got into yen as explained on the weekend. hope everyone enjoyed the breakdown!! Thank you . please follow for more forex analysis
As you can see the price respected the bullish daily FVG and created the bullish breaker that comes with bullish FVG. If the price retests the bullish breaker block, it can be our entry; keep in mind we need LTF confirmation for entry. In this scenario, we can target Daily bearish FVG and also the liquidity above relative equal high. 💡Wait for the...
USD/JPY is trading close to an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 151.97 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 150.15 which is a level that lies underneath a pullback support and the 100.0% Fibonacci projection level. Take profit is at 154.70...
I will look all the yen pair based on my analysis on usdjpy. As USD/JPY has higher interest differential compared to eur/jpy ,so it would follow similar pattern. this is the usd/jpy analysis So I think there is an opportunity to get into the countertrend setup to the level of resistance before we analyze for short!! Follow me for another Setup
The foreign exchange market witnessed a tug-of-war this week, with the Japanese yen (JPY) taking center stage. Speculation surrounding potential intervention by Japanese authorities to prop up the weakening yen against the US dollar (USD) sent ripples through the currency landscape. Meanwhile, the US Dollar Index (DXY), a broad measure of the greenback's strength,...
USD/JPY is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 152.80 which is a pullback support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 150.15 which is a level that lies underneath a pullback support and the 100.0% Fibonacci projection level. Take profit is at 154.70...
GBP/JPY has just bounced off the pivot. Could this FX pair potentially climb higher towards the 1st resistance? Pivot: 191.80 1st Support: 190.17 1st Resistance: 193.38 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for...
Long-term target based on the latest BoJ interest rate hike and signs of a positive outlook for Japan's economy. Technically the pair is scraping around .618 FIBO level which is 195ish - there's still some room to hit the level. 1st target = 170 (0.382 FIB) 2nd target = 160 (156-157 - resistance/support of the past price action).
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 154.60 which is a pullback support that aligns close to a 61.8% Fibonacci retracement level. Stop loss is at 152.48 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level. Take profit is at 156.91...
The Yen has taken quite a beating this year, but upon analyzing its price action I noticed it is currently inside a falling wedge which usually breaks upwards most of the time, so perhaps this pattern can help rescue it from further demise. We will know soon enough as its nearing its apex. *not financial advice*
On Monday, the yen dropped to 160.000 per dollar, marking its lowest level since 1990, before rebounding more than 3% to 154.5 per dollar. This rebound was suspected to be the result of intervention by Japanese authorities. According to reports from Bloomberg, the Bank of Japan (BoJ) likely injected ¥5.5 trillion into the currency markets after discrepancies...
..n,o comment it will fall before friday 3 may at end of week its too much i got stopped on my first trade and with the move he done friday i willing to get back my loss + many profit so this trade is not 1 lot but 5 lot !!!!!!!!
The Japanese Yen has been on a rollercoaster ride recently, weakening against the US dollar. This has sparked concerns in Japan, but the government has remained tight-lipped on whether they've intervened to prop up the currency. This silence, some argue, is a strategic necessity in the face of a more dominant player: the US Federal Reserve. Traditionally,...
Bulls look strong again on USDJPY. After a presumable intervention, the market dropped by 500 pips on Monday. The price formed a bullish triangle on a 4H time frame then. At the moment, I see a confirmed violation of its neckline The pair may keep growing at least to 158.35 now. ❤️Please, support my work with like, thank you!❤️