USDJPY performing an uptrend towards the daily support price, price might retrace back toward the 3rd test level on the trend giving a higher edge to join buyers.
Even if there are some bad news for Japan, i expect weakness on USDJPY. There's a bearish divergence on H1 and H4 timeframe and price has broke below main trendline. I am targeting first support zone at 149.000
Hey Traders,
After looking short in line with the previous high and ultimate market value, we have had a considerable fall.
Also as mentioned, the rebound took us to yesterdays re-short zones in line with renewed market sentiment and BOJ comments regarding an end to negative policy.
We can now look to the future and what to look for.
Watch for more.
how did you the analysis usdjpy ?
1.afater the ened of the elliot wave
2.genera ltrend up trend but after end elliot wave down trend time frame 1hr
3.rsi line break and close 40
4.correction down trend
The USD/JPY pair resumes its upward journey after a mild correction to near 150.40 in the European session on Wednesday. The asset rebounds as dismal market sentiment has improved the appeal of the US Dollar.
USD/JPY is seeing a fresh selling wave, closing in on 150.00 in the Asian session on Thursday. The pair is tracking the US Treasury bond yields lower,...
USD-JPY was capped overnight after jawboning by
Japanese authorities stoked intervention risks. Japan’s top currency chief Masato
Kanda warned against the recent one-way move in USD-JPY and mentioned that
authorities stand ready to take steps if needed. Additionally, Finance Minister
Shunichi Suzuki said he’s watching FX market developments with an even...
The Japanese Yen has seen a resurgence in strength for the second consecutive day, distancing itself from a recent three-month low against the US Dollar (USD). This uptick in the JPY comes as Japan's top officials hinted at potential intervention measures to prevent further depreciation of the domestic currency. Additionally, escalating geopolitical tensions in...
#USDJPY.. well guys, market very well done his upside leg and now again retraced done.
If market hold your area that is mentioned in chart then again bull run canxstart from here.
Keep close it and manage accordingly.
Good luck
Trade wisely
printing HH and HL in bullish channel
going to test channel bottom with retracement 0.61 fib level
can wait for bullish divergence for perfect entry
or instant buy at CMP
entry 150.09
stop loss 148.96
tp1 151.10
tp2 152.22
This is potential up move which already pulled up from the us cpi and all we needed is a retracement to form again before going up.Use the one hour for buying confirmation
The yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the...
USDJPY retracement trade. H4 overall uptrend but lower highs signalling a drop to previous resistance break in uptrend. 60 pip move sell.
SL set above previous high, 1:1 with TP target.
USDJPY
Pivot 150.590
- If the price is higher than the pivot, Long target TP1 at 151.490, TP2 at 151.890, cut loss if the price is lower than the pivot.
- If the price is lower than the pivot, short target TP1 at 149.650, TP2 at 148.710, cut loss if the price is higher than the pivot.
***Please money management***
USDJPY driving up towards it's final target of $153.300 which will complete its final wave, which is Wave V. According to the EW theory, this should mark the end of the bull run, which'll then be followed by a crash in this exact scenario.
Upon completion of this final impulse move up (Wave V), we can look to start positioning ourselves into a MULTI-YEAR...
