YES! The BoJ is expected to release its monetary policy report today, and all signs point to the BoJ maintaining its current stance. Keeping with the negative rates of -0.1%. The BoJ is the last major central bank yet to jump onto the interest rate hike path, diverging from the rest of the world. Releasing an unchanged monetary policy report at the last BoJ...
EURJPY Intraday - We look to Buy at 145.55 (stop at 144.70) Selling pressure from 147.70 resulted in all the initial daily gains being overturned. The current move lower is expected to continue. The reaction lower is negative, however, we view this as an opportunity to set longs in line with the overall bullish move higher. We therefore, prefer to fade into...
On Friday 21st October, the USDJPY had been climbing steadily, almost reaching the round number of 152.00. Then it reversed and spiked lower, from 151.50 reaching a low of 146.20. This move was very similar to what happened on the 22nd of September, when the USDJPY climbed above 145 and almost reached 146 before crashing down to 140.35. However, when the USDJPY...
AUDJPY Intraday - We look to Buy at 94.00 (stop at 93.45) Previous support located at 94.50. Previous resistance located at 95.00. We are trading within a Bullish Ascending Triangle formation. A move through 95.00 will confirm the bullish momentum. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 96.00 and 96.50...
Someone told me to post an update, I really didn't want to but here it is. It was learning the difference between probability and possibilty. SPEND MORE HOURS SHARPENING YOUR TOOLS SO YOU SPEND LESS TIME ON YOUR TASKS.
⚠️⚠️⚠️⚠️⚠️THESE WERE SET UP ALREADY BUT STILL NOT THE BEST OF IDEAS⚠️⚠️⚠️⚠️⚠️ Being that I am not mentally 100%, I do not recommend following. Due to the risk involved, rather than having 3-5 confluences there were only 2. Which is against my trading plan, so whatever happens I cannot be surprised. It is a teaching moment, I believe the market will breakout...
Hello traders, As it comes to CADJPY, I see that after the positive CAD news on Friday, this pair has been sold hard. I see a break of Trend line and support zone and I can see a Friday closure at retest price action. Perhaps the pair might go up for a bit, but this will indicate nice short opportunities to the previous support zones. Note: The Bank of Japan...
GBP – The pound rallied off session lows on Monday and gilts bounced, as former finance minister Rishi Sunak won the race to become the next prime minister, giving investors a greater sense of confidence in the robustness of Britain’s finances. JPY – Japanese policymakers on Monday continued efforts to tame sharp yen falls, including through two straight...
Last idea " has usdjpy gone ballistic already " was based on a 1 month timeframe trend. The chart is consistent, BoJ intervention did not change the trend so far. Let's wait for month close, though. On a shorter TF like 1W, 1D we can see BoJ intervention pushed USDJPY a little away from my ballistic trendline for a few trading hours; now it is back in...
Expect EURJPY to move 200.0 Pips. Enter at 146.00 price area.
I see an "Ascending Triangle" on this daily chart, PLUS given the recent economic news in regards to the Bank of Japan. I am long this pair. I actually just started an FTMO challenge today, this is a trade I have taken in the account. I will keep you posted on the challenge. 1% Risk | 2:1 RR
much overbought everywhere,even if no intervention,need a correction
The pair is still in a strong uptrend. No signal of getting behind. Price is about to break up the triangle to the next psychological resistance at 150.
Detailed analysis on USDJPY. Multiple time frame outlook. Thoughts and trading recommendations. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
It looks like USDJPY is spiraling out of control. As government bonds 10y interest is artificially kept under a given level, and given inflation expectatios, usdjpy explodes. BoJ is not able to stop the rise, except for some short-lived attempts. This attracts speculators for easy money, driving further up usdjpy, more inflation, more yield curve control, more...
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. CADJPY is overall bullish trading inside the brown wedge pattern. Moreover, the zone 111 - 112 is a strong resistance zone . So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance zone and upper brown...
EURJPY Intraday - We look to Buy at 145.65 (stop at 144.80) There is no sign that this bullish momentum is faltering but the pair has stalled close to a previous swing high of 147.25. A lower correction is expected. The bias is still for higher levels and we look for any dips to be limited. We therefore, prefer to fade into the dip with a tight stop in...
The narrowing gap of real interest rates between U.S. and Japan pushes the pair higher, the next big level is 150. We could be in wave 4 currently and it could emerge as a triangle as the recent peak and trough did not exceed previous extremes. There is a beautiful uptrend.