Hello everyone, today the Japanese Yen (JPY) struggled to capitalize on its modest gains during Friday's Asian session and weakened to a one-week low against the US Dollar (USD) from the day before, thereby providing a slight upward momentum for the USDJPY pair.
On the 4-hour chart: USDJPY has formed a pennant pattern, and the market is expecting this pair to...
USDJPY is on strong bullish move although its making some diversions with consolidation on current price,
bulls seem more stronger here above cup and handle resistance. If price move above pattern resistance with green candle closing, trend will continue till cup and handle projection price
Hello Everyone,
The USD/JPY pair has shown little movement over the past week, but clarity is expected after next week's news. The current trend appears to be bullish and likely to continue for some time. The upcoming USD-related announcements will provide further insight into the market direction.
TradeWithTheTrend3344
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area.
Trade safe, Joe.
With a new review of the USDJPY chart, we can see that the price is stabilizing in the range of 150 and if it can maintain the support of 149.24, we can expect the price to grow to higher ranges such as 150.50, 151.10 and 151.50 respectively!
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion...
FX:USDJPY is technically poised to hit a multi-month high. Against the backdrop of a strong dollar, the JPY is losing ground as the Central Bank of Japan is failing or is not going to do its job.
On D1 we see a global setup, where the fact that the market wants to break through 150.286 - 151.944 becomes quite obvious. Regarding the lower boundary - 150.286, a...
The USDJPY is moving to new at session highs, and in the process as extended above the swing area between 149.71 and 150.158. Yields in the US have turned around and are now higher on the day. The two year yield is at 4.642% up 3.0 basis points. The 10 year yield is up 2.4 basis points at 4.30%.
At 1 PM today, the U.S. Treasury will auction off 20-year notes. At 2 PM,
UJ has been down for the last couple of weeks, the Yen is clearly preforming stronger but I believe UJ will be a long for this next week of trading due to this pair not being able to break key support level mainly. On Dec 22 UJ sentiment was almost 70 percent short and 30 percent long.. and the pair was able to steadily hold in the +.20 to .40 percent. I also see...
Dear friend, what do you think about the next trend of USDJPY for this major currency pair?
Today, USDJPY continues to trade steadily around the 149.00 level, attracting some buyers amidst geopolitical risks and concerns about intervention. Faint hopes of upcoming changes in the BoJ's policy stance may limit further gains. The story of higher interest rates in...
USDJPY H4: BULLISH FUNDAMENDTAL AND TECHNICAL ANALYSIS
USDJPY is looking bullish while taking inside the trendlines which are clear representing that it will fly and will reach the third time in this first target while hitting the historical top resistances that were followed near the strongest level target and it is also consider that it may break the last two...
Resistance breakout and retest happened. Possibility of long is higher, as the previous short could not happen and rejection happened. TP and SL points are shown in graph.
Good Luck for All! 📈😎❤🙌🏽
The Japanese yen has continued to fall this week, hitting new lows against the euro, pound and other currencies, as investors look for better returns outside Japan. The yen is currently the worst-performing G10 currency of the year, having fallen 6.4% against the dollar, in contrast to being the best-performing currency.
Against the euro, the yen fell 0.6% this...
It appears that the price has successfully breached the upper boundary of the symmetrical triangle, with the stochastic indicator signaling overbought conditions. Currently, the price is ascending towards the pivot, coinciding with both the 161.8% Fibonacci retracement and the 127.2% Fibonacci projection. Anticipating a potential rejection from this level, I...
USD/JPY could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 150.439
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 150.128
Why we like it:
There is a pullback support that sits under the 50.0% Fibonacci retracement level
Take...
