Price has broken above a major resistance level and is continuing to make HH's and HL's. Here is the play I will be taking on this trade: Entry - 145.747 stop loss - 145.497 25 PIPS take profit - 146.747 100 PIPS+
AUDJPY Intraday - We look to Buy at 92.25 (stop at 91.60) Previous support located at 92.50. Previous resistance located at 93.00. Indecisive price action has resulted in sideways congestion on the intraday chart. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 93.75 and 94.00 Resistance: 93.00 / 93.75 /...
USD/JPY finally closed above 145 for the first time in 24 years. Given we saw the MOF (Ministry of Finance) intervene around 145.9 then the potential for the BOJ or MOF to jawbone (if not intervene) may be high. However, traders remain aware that it will take a coordinated intervention to turn this trend around, which is why prices simply drifted back to the highs...
Higher time frame analysis tells me over all we are bullish, A nice retest of recent support to expect a continuation off the bulls in this market.
Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst. Here is a detailed update top-down analysis for USDJPY Which scenario do you think is more likely to happen? and Why? Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
Hey traders, After a 2 weeks-long consolidation on a key horizontal support, CADJPY leaves very bullish clues. Forming a double bottom formation, the price closed above its neckline. I believe that the pair will keep growing at least to 108.0. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Last week was very bullish for USDJPY again. The market is closer and closer to the local highs. I believe that the price may go higher. The structure that is on focus is 147.0 - 147.7 area based on 1998's low. The pair will most likely manage to reach that and a correctional movement may initiate then. Be very careful! ❤️If you have any questions, please,...
BOJ - Let's challenge you! Intervening in there currency was a perfect technical set-up as well but as I started in my previous posts, we are going to re-rest the highs as we are, and we could perhaps go further if we break above that spike high of 146 area. However, we could get a fake break to either direction that's where you should be careful. Technically we...
GBPJPY H1 - A mental week to say the least for the GBP and YEN, yet again. Some monster moves, 600 pips seen on single M5 and M15 candles, thankfully, healthy corrections seen towards the latter part of the week, which has balanced zones and made things measurable for us to follow going into this fresh week. Huge 10R trade potential down towards the previous area...
We have a Bearish Dragon and a Gartley Bearish BAMM on the higher timeframes for NZDJPY. Yesterday i Attempted an entry on a Lower Timeframe but was unsuccessful; However, I still have a Higher Timeframe Bearish Bias and I will be maintaining my Bearish entry and even adding to it at this current price level for the Probability of Realizing the Greater Move down...
GBPJPY reached a recently broken major trend line. We see a strong bearish reaction from that with a formation of a bearish engulfing candle. Taking into consideration that the pair is locally overbought, the price may drop. Next support - 157.6. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Watch for buy opportunities above 143.756. A candlestick closing below 143.756 indicates a bearish outlook.
I'm staying clear and far away from any GBP related pairs, due to the statements made by the IMF. I don't really care about moodys (I'm in the research process of them, due to finding out that Berkshire Hathaway actually has a stake in moodys). How the country is reacting to Russia, lizzys death and new leadership is allowing me to watch and wait.
Analysis and price points of interest on chart. Higher time frame bearish after an impulsive fundamental drop. We could potentially see a large retest fading out the yen strength we saw last week. Any resistance created could provide sell opportunities going with the trend. Further confirmations required (resistance, break of range, engulfing bearish candles).
The USD/JPY is close to its target at 148.781. The only thing missing is the completion of the 5 of the 5. In the final 5, I have refrained from drawing in the sub-waves for the sake of clarity. In the big picture, we must then wait and see whether only a major correction is pending or whether the USD will continue its negative trend against the yen, which has...
Update for NZDJPY pair. It turned out, that the price managed to break and close below a key daily support. 82.1 - 83.28 is a solid supply zone now. The pair will most likely keep falling to 80.0 support. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
I break down where I see price action struggling to make new highs. I also step back and point out a very sizable "inverse head & shoulders" These pattens could take months + to play out - if they do. 3:1 RR 1% Risk happy trading.
$JPY - Did the intervention help? Didn't really help, technically it was an awesome trade but be aware even with intervention as dxy headed higher yen falls! Japan won't intervene to defend 145 yen line-in-the-sand, ex-top foreign-exchange diplomat says. We could head up back to those highs! TJ