Welcome to one of my favourite pairs. I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better. High = 151.943 (Has been hit 3 times, area of sensitivity) - results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022 - This should...
USD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 143.347 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 145.100 which is a level that sits above the swing-high resistance. Take profit is at 141.415 which is a pullback support. High...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 141.418 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci projection level Stop Loss:140.18 Why we like it: There is a pullback support that sts under the 100.0% Fibonacci projection...
NZD/JPY is falling towards a pullback support and could potentially bounce off this level to rise higher towards our take profit target. Entry: 89.019 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss:88.461 Why we like it: There is a pullback support that aligns with the 100.0% Fibonacci projection...
CAD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 106.436 Why we like it: There is a pullback support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 105.726 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 95.673 which is a pullback support that aligns close to the 61.8% Fibonacci retracement. Stop loss is at 94.430 which is a level that sits under a pullback support and the 61.8% Fibonacci projection level. Take profit is at 97.291 which is...
AUD/JPY is falling towards an overlap support and could potentially bounce off this level to rise towards our take-profit target. Entry: 96.100 Why we like it: There is an overlap support that aligns with the 50.0% Fibonacci retracement level Stop Loss: 95.484 Why we like it: There is a pullback support that sits under the 61.8% Fibonacci retracement level Take...
USD/JPY is falling towards an overlap support and could potentially bounce off this level to climb higher. Buy entry is at 142.466 which is an overlap support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 140.800 which is a level that lies under a swing-low support. Take profit is at 144.954 which is a pullback resistance that sits...
USDJPY went up as I predicted. Here are the important key structures to watch. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 140.9 - 141.9 area Support 2: 137.2 - 138.1 area Resistance 1: 146.2 - 146.8 area Resistance 2: 148.2 - 148.6 area Resistance 3: 149.6 - 150.4...
EUR/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 157.399 Why we like it: There is a pullback resistance level Stop Loss: 159.115 Why we like it: There is an overlap resistance that sits above a confluence of Fibonacci levels i.e. the 50.0% retracement and the...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 157.549 which is a pullback resistance. Stop loss is at 159.250 which is a level that sits above the 127.2% Fibonacci extension level and an overlap resistance. Take profit is at 154.770 which is a pullback support. High Risk Investment...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 181.564 which is a pullback resistance. Stop loss is at 182.487 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Take profit is at 178.534 which is a multi-swing-low support. High Risk Investment...
USD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 143.035 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 144.718 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 181.569 Why we like it: There is a pullback resistance level Stop Loss: 183.015 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 178.621 Why we like...
USD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 143.058 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 144.538 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Take profit is at 140.949 which is a...
Hey Traders, Check out this technical analysis on GBPJPY. GBPJPY is currently trading with bearish momentum by staying below the broken bullish trend line. So anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. In short, here are some key takeaways from the news on Thursday from the BOJ: asia.nikkei.com - The JPY strengthened by over 5 yen against the dollar in response to comments by Bank of Japan Governor Kazuo Ueda hinting at a potential exit from the bank's negative...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 94.672 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Stop Loss: 93.746 Why we like it: There is a swing-low support level Take Profit: 96.215 Why we like it: There is an...