USDJPY is preparing to break out of a recently formed ascending triangle. The US dollar has shown strength and there is a solid support zone formed around 149.687. This indicates that the breakout will likely be bullish.
Further rise in the price could finish just above the high of the current trend at 151.100, which is our target.
For risk management a stop...
Hello traders,
Wave B of 4 has probably ended at 150.643 zone. Wave C of 4 is aimed at getting to 148.894
zone. Afterwards, Wave 5 is targeted at reaching 151.980 zone.
Thanks.
Surprisingly USD JPY managed to reclaim its very important 145 Level!!!!!. previously market expecting FEDS to cut rates in 2024 but new cpi readings takes every thing away ! USD JPY turning bullish earlier than expected.
First TP 147.5
Long run first TP 150
Last post we had on USD JPY was signaling a big hike towards 152 in 4 hour time format but price corrected it self again to 150 level. price action showing strong movement towards 152 level but since the great force behind the hike could not manage to bring 152 back to live it can revisit 149 level to regain bull energy as they say in market. bearish activity...
Hey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area.
Looking at the fundamental aspect, recent CPI data in the US has shown a notable increase, indicating...
USD/JPY: Bearish- BAT detected- Ichimoku in confirmation
The BAT detect on the USD JPY pair was executed perfectly
Point “D” e is currently a potential short zone on its PRZ
We could return to the exponential moving average 50 around 147
The "Ichimoku" and "Tenkan" lines give us a similar level around 146-147
Don't forget that the BoJ intervenes around...
USDJPY nicely respected a recently broken horizontal resistance.
After its test, the price formed a double bottom formation
and violated a resistance line of a bullish flag pattern on an hourly time frame then.
We may expect a further bullish continuation next week.
Goals: 150.687 / 150.864
❤️Please, support my work with like, thank you!❤️
The Japanese yen has strengthened slightly in response to verbal intervention by Japanese authorities. The daily chart shows an upward movement of the pair, with 151.00 as the next resistance level, followed by last year's high of 151.91. USD/JPY reached a three-month peak at 150.81 after the US Bureau of Labor Statistics reported further confirmation that...
Buy USDJPY at 150.929 and sell at 152.402.
The trend is bullish with dollar index as bullish plus the Japanese index is bearish.
Entry: 150.929
Stop Loss: 149.463
Take Profit: 152.402
Always set stop loss :)
USD/JPY has hit resistance at 150.38 and is retreating south.
There's a clear M-Top candle pattern forming.This along with W-Bottom's are 2 of the most relaible candlestick patterns you should look for.
If the price declines to 149.82 then this will be our entry SHORT.
STOP is above the recent highs and take profit is the 200 EMA on H1 at 149.40 though as ever...
Hello Traders!
This is my idea related to USDJPY H1. I see a double reaction from the FVG H1 and I expect a continuation of a bearish market until the price of 149.500 where we have the OB level.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
USD has been rallying copared to the Yen for some times now and a pattern is emerging. Another good entry point could be coming up at 150.70, a previous support line from which moves could go up again, perhaps to 150.68. This is all based on trend lines
Market Structure is KING!
Hey, if you like this idea be sure to support with a like and a follow.
Here is my analysis for USDJPY for the upcoming week. JPY News this upcoming week. I'm looking to short.
What are your thoughts? Leave it in the comments below!
Blue Signal FX Rules-Based Trading
1. CHECK THE NEWS!
2. WHAT IS THE OVERALL TREND? Market structure...
