DXY (USD Index) - we have seen a correction to the downside. Support levels are located at 103.20 and 103.18. With the 61.8% Fibonacci support located at 103.19, I look for dips to be bought. JPY Basket - we have seen a breakout of the expanding wedge formation to the downside. This pattern has a measured move target of 6573. We look to be building a Crab...
Evaluating the fluctuating patterns of currency pairs such as USDJPY can offer valuable market insights. This section examines the recent USDJPY pullback and the subsequent consolidation phase. Meeting the Resistance: Pullback from 148.89 Following its approach towards the 148.80 resistance level, the USDJPY pair has stepped back from 148.89. The...
The USD/JPY pair on the M30 timeframe displays a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern...
USDJPY Pivot 147.950 - If the price is higher than the pivot, Long target TP1 at 148.310, TP2 at 148.890, cut loss if the price is lower than the pivot. - If the price is lower than the pivot, short target TP1 at 147.415, TP2 at 146.790, cut loss if the price is higher than the pivot. ***Please money management***
Both indexes are going against each other with prominent divergence playing key roles wise versa. The distribution phase is also wrecked. New series of Lower Highs and Lower Lows has formed as well. So on these technical I'm predicting the price. That it will slightly turn bearish. Thanks My Positions Instant Entry Stop Loss : 148.838 TP1 :...
MyJournal 22 - 26/01/2024 WINS/LOSSES COMMENTS: 1) Tuesday, entered, BE, 2nd offered on Wed with BOJ news still hot 2) Wed, 2nd try, must buy 3) Thursday, only take if Wed win ----------------------------------------------------------------------------------------------------------------- FUNDAMENTALS: a) DXY: CPI last week higher, expect strong dollar,...
- We see a Head & Shoulder Reversal Pattern. - At the break of Neckline, we will sell with 1:1 Risk Reward - You can take two trades, one with 1:1 and the other with 1:2 - Take 1% of your equity risk
- the market expects USD to weaken over the next months due to potential rate cuts this year - from technical standpoint USDJPY is at very important resistance, created by gigantic 1:1 formation which started in Oct 2011 (yes 2011), then was respected by the market in Oct 2022 and Feb 2023. - Now the FE 100% is just being retested. If it is respected, the price...
USDJPY may show strong growth on the background of weakening Japanese Yen and strong dollar. The price is testing the resistance. Consolidation is forming. If the price returns to the resistance again, the chances of a breakout will increase. The target in our case will be 151.7 Reasons for further gains: 1) Strong dollar 2) Consolidation forming without any...
#USDJPY.. be ready for a another ride guys, keep close it if it is retest area then drop expected from here otherwise not at all. if you kneely watch trend line maybe its retest area, anyways dont hold your short positions below that trend line .. good luck trade wisely
After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating...
USDJPY is making higher highs but it seems like the trend will go reversal as the bear point is more solid than the bullish points entry plan is 147.899 on CMP and sl is above the golden zone on the daily time frame on fib 0.786 TP can be taken 1:1 or 1:2 according to trade plan
After long rally, USDJPY retraces and retested a support zone. It is about to continue it's rally, DXY is Long as well.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! Discernible indicators suggest a waning momentum within a descending price channel. GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders,...
The current buying zone for USD/JPY is 147.850. Consider taking profits at 148.505, 149.00, and 150.50. Set your stop loss at 146.00, ensuring proper risk management.
📈The USDJPY pair has recently reached an important level of support. Following this test, the price has successfully surpassed and closed above a resistance line of a bullish flag pattern on a 4-hour timeframe. As a result, we can expect the pair to continue its upward movement. The target for this growth is set at 149.50...Trade Safely👍✅
Demand is higher in H1 time frame.The right level to buy.
looking to SELL, GOOD RATIO, ill be monitoring the behavior and delivery into my area of interest AGAIN ILL BE MONITORING BEHAVIOR BEFORE MAKING ANY DECISIONS Plus this is an areas of interest once price get there that's when I start looking for Any of my entry models to take place on the lower timeframes while taking into the account the TIME to PRICE...