I would suggest you to buy and take your trading position with TP & SL by looking at those green and red boxes that I used on chart. Thank you. (Bounced up by touching golden zone and 200 EMA) Boost and share with your group and friends.
I still think USDJPY is about to drop and this time i decided to open a swing trade to hold for some days/weeks. Dollar is actually strong but i see some bearish signals on DXY, and the chart is showing me that UJ is about to reverse. Break of main structure, resistance zone, bearish divergence and more! Expecting a drop
USDJPY is trading in parallel channel with no divergence at top secondly at 0.618 fib support AND At horizontal support
place buy at 149.85 with risk defined below HL
Hello dear friends, do you think USDJPY will rise or fall this week?
On our chart today, it is clear that this currency pair is showing a distinct downward corrective wave, with the current price fluctuating around 149.90 and marking a 0.18% decrease for the day.
From a technical standpoint: Despite the current decline, the upward trend still holds dominance as...
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Last week, the US PPI was announced higher than expected, leading to strength in the dollar. The January PPI in the US was reported to have risen by 0.3%, surpassing the expected 0.1%. Several key issues will...
📊The USDJPY is currently in a period of consolidation, with a symmetrical triangle pattern visible on the 4-hour timeframe.
Given the overall bullish trend in the market, it may be wise to wait for a bullish breakout before entering a trade to follow the trend.
Alternatively, if the support level is broken, it could signal a bearish continuation in the market.
Here is our detailed technical review for USDJPY.
Time Frame: 4h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 149.940.
Considering the today's price action, probabilities will be high to see a movement to 150.864.
P.S
The term oversold refers to a condition where an...
update
SELL USDJPY NOW ✅
STOP LOSS : 151.09
From the movement is showing a possible trend reversal because more of the traders trading with the trend are already existing there trade positions , and on the daily time frame there is already signal of regular divergence which indicates a possible trend reversal too...
there is a bigger chance of a possible...
Awaiting the Break of structure to the Upside. Looking for a BULLISH move. If price breaks above the resistance we will wait for the retest to get into the trade. We are also aware that price could also continue to fall to the EMA and or retest the FLoor/Support at which point if it fails to break we will also position for a BUY
Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Hello,Traders!
USD-JPY is trading in an
Uptrend and the pair
Is now retesting the
Key horizontal level
Of 149.720 from where
I think we will see a
Further move up
Buy!
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