Statistically, USDJPY has been in a strong uptrend and has recently consolidated in a rectangular pattern. The price tries to stay above the rectangle and may challenge the monthly resistance level. Perhaps proper risk management should be carried out with stop loss orders
From the chart, the USDJPY has formed a double top pattern, and there is a divergence, which indicates that the trend may be reversing
A technical and fundamental outlook. Fundamentally US economy is looking decently healthy with rising inflation and higher retail sales than expectation. The short way of saying this is they are all making some decent money out there and they are spending it. Technically, this generated a huge upward momentum breaking through 154 area. This makes the trend mega...
Hey, guys Usdjpy is still showing a very strong bullish stance. I expect a pullback around 153.32-153.09. Once I see this area to hold, then this could be a very good buying area. We can see up to 156.71 or higher If that happens, it might put us in a better position to enter the deal
I think the price recently broke out of the downside range. I expect to continue down, whether it's your retest or the price creates support and then breaks out, or you can use tapering techniques to find a trend pattern
On the chart, USDJPY is currently at its highest level in decades, at 155.00. That has traders worried about the risk of Japanese intervention in currency markets. A strong recovery in the US dollar also helped push the dollar higher against the yen. From a technical point of view, the market is stable but shows signs of correction. Before resuming the uptrend,...
Hello, guys! Just a quick UJ update. The trade looks very good and now we will be tracking stop losses to levels around 156/157. Is it possible to add another entry at 160.40 and take away all profits
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.
FX:USDJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
The dollar surged to a new 34-year high against the yen on Friday, supported partly by U.S. inflation data that matched forecasts and reinforced expectations that the Federal Reserve will likely postpone interest rate cuts until later this year. The upward breakout appears highly decisive, and I'm examining long-term charts to gauge the potential market movement...
Pair: FX:USDJPY Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action may face some resistance from a previous support line - Price is close to 61.8% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1...
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...
In my opinion USDJPY may be the best pair to trade for the rest of this year. I was looking at the performance of every major trading pairs from last year, and USDJPY is indeed the pair out of all to have the clearest trend consistency. I've seen how it's been acting all crazy and risky with all the big spikes lately, but that's just the side effects of being the...
Hello fellow traders, Im seeing the FX:USDJPY Could retest this zone. This is only my, This is not a financial advice, are we seeing japan yen could go higher, 160? Follow for more Longterm/swing trades. The idea is Buy.
So far when I read in the MSM, I can say everyone is criticizing what the BOJ and Ueda did on Friday. JPY is free falling with grave consequences. But when I look at the chart, I think what I can see is more like rates going back to normal - in a historical context. I think by next week, the Yen would have finally broken FREE from the lost decades. And I guess...
Here's a brief analysis for a short idea on USDJPY: *Technical Analysis:* - USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely. - The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback. *Fundamental Analysis:* - The Bank of Japan (BOJ) has...
Friends, in the daily time frame, a downward correction is possible, as you can see in the picture