A "bullish flag" is a continuation pattern frequently observed in technical analysis. It typically occurs within an uptrend and is characterized by a brief consolidation or sideways movement, followed by a breakout to the upside, resuming the prior upward trend. Here's how it forms and its main characteristics: 1. **Flagpole**: The bullish flag pattern begins...
Ever since the time price got pushed up from the 151.852 support , it has continued the upward movement . the upward move however isn't supported by a lot of momentum , nevertheless price continues to strive upwards ! Price recently reached the 0.618 Fibo retracement of the last move downward and despite its effort to move downwards , continued the upward...
Lock in your entry for USD/JPY at 155.12, perfectly poised at the 61.8% Fibonacci retracement and just steps away from the 100-period EMA at 155.16. This convergence offers a strong technical base for a bullish reversal, in line with the ongoing bullish sentiment in the market. The precise entry point boosts the risk/reward ratio, making it an excellent...
USDJPY: USDJPY is trading near 155.70 on Friday in the early hours of Asian trading. Renewed demand for the US dollar (USD) is lifting the pair. However, verbal intervention and hawkish commentary from Bank of Japan (BOJ) Governor Kazuo Ueda may limit the decline in the Japanese Yen (JPY) for now. San Francisco Fed President Mary Daly said Thursday that the...
Summary of Opinion: The Bank of Japan's (BoJ) opinions indicate that many key members advocate for a Japanese interest rate hike as inflation may persist longer or even surpass the target. The release of the Bank of Japan's Summary of Opinion document this morning revealed the possibility of Japan raising interest rates earlier than previously estimated. This...
The USD/JPY pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling...
Jpy has rebounded from the 0.786 retracement level of 151.75. The Relative Strength Index (RSI), a strength indicator, still showed positive sentiment and did not diverge. This is a strong sign that the dollar will rally higher against the yen. If the RSI closes above the 60 threshold, it will confirm the prospect of a bullish rebound. A bullish move towards the...
The dollar rose against the yen in early trading Wednesday, rising for a third straight day. Despite strenuous efforts by Japanese officials to strengthen the yen, it is once again in the hands of dollar bulls. Last week, the Japanese government intervened in currency markets to buy about $60 billion worth of yen. The operation had mixed success -- on the one...
Earlier in the week, USDJPY surged to multi-decade highs around 154.80 before retracing slightly from those lofty levels as the weekend approached. If the downward reversal gains traction in the upcoming trading sessions, support looms at 153.20 and 152.00 thereafter, with 150.80 possibly becoming a focal point if these price thresholds are breached. On the flip...
Following a robust rally earlier in the week, USDJPY took a breather on Thursday, displaying a lack of clear direction but maintaining a steady position above 155.00. If gains resume, resistance looms at 158.00 and 160.00 thereafter. Traders, however, must view movements towards these levels with caution, as Tokyo may step in again to support the yen, which could...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 155.33 which is a pullback support. Stop loss is at 154.84 which is a level that lies underneath the 23.6% Fibonacci retracement level. Take profit is at 157.03 which is an overlap resistance. High Risk Investment Warning Trading...
Hello Everyone, The USD/JPY appears poised for additional downward movement, with the next significant level to watch being the weekly pivot point. While current indications suggest a bullish continuation, there's potential for a shift towards a bearish trend, setting the stage for another downward wave. TradeWithTheTrend3344
USDJPY is on the way to perform a massive drop on the long term, but actually i am looking to scalp it on this boring friday. I am waiting a possible long setup, that could start with a little drop till the support zone 154.75, and here i expect a bounce. Only if the price will start to bounce there, i will look for a long tomorrow, at the beginning of the NY session
Pair Name : USD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Retest 155.500...
The USD/JPY pair has still some room to fall, though a very lucrative entry level for Dollar bulls is just around the corner. Around 152.00, not only a pivotal level and the 55-day Simple Moving Average (SMA) is nearby, but also there is a long-term ascending trend line just beneath to provide support. This makes it the perfect entry level for any US Dollar buyers...
Technically speaking 155-156 area acted as a critical support for a movement towards 160 last week. testing 156 and loosing momentum was the name of the game for UJ at this current moment. there were rumors of BOJ being the one selling UJ from 160 area and this has reduced bulls confidence. if 156 proves to be stiff , there might be U turn from here towards 152...
Esteemed analysts and traders, I hope this correspondence finds you in good health and high spirits, prepared to tackle the upcoming week with renewed energy. I extend my best wishes for your continued success in all your business endeavors. It is worth noting that success in trading is largely dependent on the consistent definition and adherence to one's own...