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!❤️
Like GJ, I am staying very far away. WEEKLY We are currently testing with a hanging man, which is usually a reversal candlestick, so we will keep waiting for it to complete as it can change. DAILY This is the highest price UJ has ever crossed in its history, which indicates the strength of the dollar to the Yen. Which is why we can watch as well what the DXY is...
I am staying out of it. It is confusing and that's when it's best to stay away and out of the market. DAILY We peaked at 200.50, which is good to look out for possible buys into the market. Which last happened in 2015. This is the final (3rd leg) of the double bottom (W formation). 4H Ascending Channel within an ascending channel is what we look for when trying...
Lots of talk about the #Dollar & #Yen as of the last day. US #Dolalr ( TVC:DXY ) has done well for some time. VS We've spoken on Japan a few times over the last year, has been the opposite. Daily shows that this trade is exhausting SHORT TERM! Look at that volume! Likely Japanese govt is intervening!
The Bank of Japan (BOJ) finds itself caught in a precarious situation as it grapples with defending the weakening Japanese Yen (JPY). With global inflation on the rise and other central banks tightening monetary policy, the BOJ faces a difficult choice: intervene in the currency market or stick to its ultra-accommodative stance. The Yen's depreciation stems from...
29th April DXY: Break below 105.50 could trade down to 105.30 level NZDUSD: Buy 0.5960 SL 20 TP 45 AUDUSD: Buy 0.6560 SL 20 TP 60 USDJPY: Sell 154.75 SL 30 TP 105 GBPUSD: Buy 1.2560 SL 40 TP 85 EURUSD: Sell 1.07 SL 30 TP 90 (could consolidated along resistance level for now) USDCHF: Sell 0.9090 SL 15 TP 35 USDCAD: Look for reaction at 1.3610 Gold:...
This morning, USDJPY dropped by more than 500 pips this morning. If you are looking for a reason why it happened, remember that historical structure always leaves clues. The price perfectly respected a historic structure of 1990th. Today, we see a perfect example how important are historical levels, and how the market remembers the things that happened more...