The Japanese Yen encountered renewed selling interest around the 149.000 level, leading to a decline on Tuesday. Despite data from Japan's labour ministry revealing a continued decline in real wages and household spending, the Bank of Japan (BoJ) faces challenges amid a generally positive sentiment in equity markets, weakening the safe-haven appeal of the...
USD/JPY Reaches 10-week High amid Statements by Head of Bank of Japan Bank of Japan Governor Kazuo Ueda said today that there is a high likelihood that accommodative monetary conditions will continue even after the bank ends its negative interest rate policy — an event that is expected as early as next month, according to Reuters. On the other hand, the USD...
Preferred direction: BUY Comment: How it happens lately, the Japanese yen stands out among all its main competitors (majors), and here we continue to expect the price to approach the level of 150 . There are no specific entry points now, so we identify this transaction as a medium-term one. Due to the economic situation in Japan , it is very likely that...
Explore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy. However, amidst this positive...
-Looking for Long opportunity -Monitor closely i have 2 zones, -Monthly is downtrend, weekly is uptrend, -So we Buy until 149 before go SHORT
usdjpy outlook fall from 151.89 is seen as a correction to the rally from 127.20, which might have completed at 140.25 already. Firm break of 151.89/93 resistance zone will confirm up trend resumption, and next target will be 61.8% projection of 127.20 to 151.89 from 140.24 at 155.50. This will now remain the favored case as long as 140.35 support holds.
Pure technical analysis. USDJPY has penetrated the upper channel of the trendline, but will not shoot straight up. Instead, the price will retrace to the strong traditional support in the 145,000 zone, as the price has had a lot of interaction in this area formerly. The 145.000 area coincides with the Fibonacci zone between 0.384 and 0.5, as well as the leg E...
USDJPY Ready to test the next zone After last week's FOMC and NFP data, the USD is showing strength across the currency board. This was also supported by a strength in the DXY that managed to rise above 103.80 during Friday's close. Over the past two weeks, USDJPY tested a zone last seen at the end of November 2023. A strong resistance is found near the top of...
The Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27. Bank of Japan Deputy Governor Shinichi Uchida's comments on...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 149.63, which aligns with a 161.8% Fibo extension and 78.6% Fibo projection Our take profit will be at 148.60, a pullback support level. The stop loss will be placed at 150.75, an overlap resistance level. High Risk Investment Warning Trading Forex/CFDs on margin...
Oder Block Retest Break Down and Retest of 148.000 Level Daily Bearish Engulfing Pattern DXY Correction Reversal at 73.2% Fib Level. With this level of confluence, I am executing this trade with a 3% Risk and I have is 1:35 RR Entry 147.900 Stop Loss: 149.100 Risk in Pips 120pips TP 1: 146.200 TP 2: 144.200
In today's trading session, we're eyeing a buying opportunity on USDJPY around the 148.900 zone. USDJPY recently broke through a significant resistance area and is currently in a correction phase, approaching the retrace area. Technical Analysis: USDJPY's recent breakout above key resistance levels signals potential bullish momentum. The pair is now in a...
USD/JPY could fall towards a pullback support and potentially bounce off this level to climb higher. Buy entry is at 148.673 which is a pullback support. Stop loss is at 147.520 which is a level that sits under an overlap support. Take profit is at 149.749 which is a pullback resistance. High Risk Investment Warning Trading Forex/CFDs on margin carries a...
USDJPY Pivot 148.710 - If the price is higher than the pivot, Long target TP1 at 149.650, TP2 at 150.250, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 147.935, TP2 at 147.090, cut loss if the price is higher than the pivot. ***Please money management***
USDJPY ha been hitting higher highs for the past day, currently we have seen a break of a major level(weekly resistance) at 148.70 after a consolidation above the level. we expect a rally towards 148.90 level on short term
sell usdjpy trade 1:7 RR fvg, bos, choch, order block, h4 d1 confirmation
Hey guys just wanted to share my outlook here. Anyone who follows me will know that I have been watching this market for some time. Waiting for the bullishness to be re-introduced. Price has played out exactly as I had hoped and predicted. We wanted to see price break out of the re-accumulation and start making aggressive moves higher. Within this movement we are...
With the BoJ and FOMC meetings out the way, the market will remain focused on the idea that we are heading towards a period of extended outright policy divergence and that this period could commence as soon as Q2 this year. However, given Fed Chair Powell’s pushback on March and risks that we have towait until after April when the BoJ will include inflation...