we are looking good for a nice drop. I will be looking for the market to test this resistance area. We may see a fake to the upside before dropping so be careful.
Pair Name : USD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal...
Hello everyone, what are your thoughts on the recent movements of USDJPY? Currently, the USD/JPY pair is experiencing a significant uptrend due to the substantial interest rate differential between the United States and Japan. With the Federal Reserve (Fed) setting the Federal Funds Rate at 5.25% - 5.50% and the Bank of Japan (BoJ) keeping its interest rates...
opportunity emerges with USD/JPY, as the buy zone beckons at the enticing level of 154.70. With a strategic eye on maximizing gains, the take-profit targets are delineated at 155.20, 155.80, and 156.50, each representing a carefully calculated ascent in the trajectory of potential profitability. However, prudent risk management is paramount, hence a stop loss is...
USDJPY Soars to New Heights! The USDJPY pair has continued its impressive uptrend, breaking past the resistance level of 152.100 and reaching new highs above 154.900. This bullish momentum is supported by solid technical indicators that paint a promising future. A meticulous observation combined with the stellar Fibonacci retracement tool suggests that this...
The Japanese Yen is currently receiving support from government intervention, but differing expectations from the Bank of Japan (BoJ) and the Federal Reserve (Fed), along with reduced tensions in the Middle East, have diminished JPY's role as a safe haven asset. From a technical standpoint, indicators continue to signal an upward trend. The Relative Strength...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
The Japanese Yen ticked lower against the United States Dollar on Wednesday, with USD/JPY getting mighty close to the sort of level that might force authorities in Tokyo to intervene. The Dollar is of course benefitting against most rival currencies from a broad re-pricing of interest rate expectations. The resilience of pricing and economic growth in the world’s...
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at154.79, which is a multi-swing high resistance. Our take profit will be at 153.88, an overlap support level. The stop loss will be placed at 155.08, which is above the 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Price is set to fallback to H4 support at 152.628 price level. This is a follow up to JPY better than expected outcome in JPY inflation rate report released earlier. I anticipate some bearish price action In lower times. Target 152.628
Short position on USDJPY. Rejection off resistance level, possibly BoJ intervention around 15500, higher TF OBV bearish divergence
The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading hours. The risk-off mood and rising tension between Israel and Iran boost the safe-haven flows, benefiting the Japanese Yen (JPY). However, the robust US economic data and any hawkish comments from the Federal Reserve (Fed) officials might cap the pair upside in the near...
The pair has spiked and very overbought short-term. This includes all pairs relating to the JPY of course, but noting this one the most extreme. we also are above KC and that also suggests we will correct sooner than later, is my personal view. Strategy SELL @ 155.50-156.00 and place SL above 157.17 and take profit near 152.50.
There are two possibility as per mention in chart, If break 154.750 & price sustain above this level that can be move in upper side.
The Japanese Yen (JPY) is struggling to capitalize on modest gains against the U.S. Dollar, remaining near multi-decade lows. The Bank of Japan (BoJ) is not rushing to normalize policies, while the Federal Reserve (Fed) is expected to maintain higher interest rates longer due to persistent inflation issues. This situation undermines the JPY's appeal as a safe...
Usdjpy has held 151.750 as a strong resistance level for quite some time, recently it broke through this level and has stayed above it. It's time to look for good buying opportunities.