USDJPY is forming a move of the potential from resistance to support relative to 150.884. Which indicates the presence of a strong bull market. Earlier, the market formed a false breakdown in the moment of harsh statements of Japanese regulators. But, traders are still selling JPY on the background of strong dollar. Scenario: breakout of the resistance area...
With USD/JPY’s volatility surging amidst rumours of impending Bank of Japan (BoJ) intervention, let’s examine the pivotal factors driving this market. Monetary Policy Divergence Fuels Rally USD/JPY has surged since the start of the year, propelled by a notable divergence in monetary policy between the Federal Reserve and BoJ. Last Friday, the BoJ's decision...
On USD/JPY, it's nice to see a strong sell-off from the price of 159.300. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
USD/JPY: Rate Falls Rapidly after Exceeding Psychological Mark of 160 Yen Per Dollar Despite the fact that today is a holiday in Japan, the foreign exchange market is experiencing extreme volatility — wide candles are forming on the USD/JPY chart, and the rate briefly exceeded the psychological level of 160 yen per dollar, reaching a new high in 34 years. The...
This morning, USDJPY dropped by more than 500 pips this morning. If you are looking for a reason why it happened, remember that historical structure always leaves clues. The price perfectly respected a historic structure of 1990th. Today, we see a perfect example how important are historical levels, and how the market remembers the things that happened more...
There have been big exciting moves in the Yen recently. This post will look at some scenarios this may lead to. First, let's take a big overview of historic Yen trends. Since I'm going to be discussing this from the perspective of a pending Yen crash to keep things simple for people unused to Forex quotes I'll use inverted versions of the charts. Because to...
Based on the daily chart analysis, we can see that the price is falling to our buy entry at 151.84, which is a pullback support that aligns with the 61.8% Fibonacci retracement Our take profit will be at 158.38, a swing high resistance. The stop loss will be placed at 148.38, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs...
The Japanese Yen literally collapsed today to levels above 160 Yen to the dollar. The Bank of Japan had no choice but to intervene in the market. And the bank actually acts with a strong intervention towards the end of the Asian session. The yen had reached as high as 160.32 (USDJPY), after which strong intervention by the central bank lowered the rate to 155-157...
The Japanese yen (JPY) remains under heavy selling pressure on the first day of the new week, pushing the USD/JPY pair above the psychological 160.00 mark for the first time since October 1986. The significant divergence in the Bank of Japan's policy outlook and the Fed's hawkish expectations continue to undermine the yen amid relatively low liquidity amid the...
In the time frame 1 h, we see that it has reached the ceiling of the channel and we expect a decline
USDJPY buy for daily uptrend continuation , is on a strong uptrend on the daily time frame and from here the trend will sure continue
USDJPY has reacted off the pivot close to 161.8% Fibonacci extension and could fall to a pullback support. However, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 160.19 Support: 151.94 Resistance: 164.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
Up comming GDP and Jobless claims Chat GTP says 52.5 chance slightly stronger USD Scores: GDP Price Index QoQ (Q1): 60/100 GDP Growth Rate QoQ (Q1): 40/100 Wholesale Inventories MoM (Mar): 50/100 Retail Inventories Ex Autos MoM (Mar): 50/100 Goods Trade Balance (Mar): 70/100 Jobless Claims 4-week Average (Apr/20): 50/100 Initial Jobless Claims...
USD/JPY: Breaching 158.500 signals potential run to 160? The JPY weakened below 158.200 against the dollar. It is the first time since May 1990 we have seen this exchange rate for the USD/JPY. The reason is being attributes to the Bank of Japan keeping interest rates unchanged last Friday. With the USD/JPY comfortably above both the 50-day and 200-day EMAs, a...
HELLO FIRENDS As we can see USDJPY holding the bullish trend strongly and looking for these design levels if they will not break our Stop loss zone, we are expecting these move incoming days or weeks on weekly based chart there is a clear view that why we are looking for more higher high and let the chart makes a double top on these levels let's see what market...
USD/JPY broke ascending triangle pattern at the 152.00 Resistance level per my last analysis. Since then, we have seen the completion of the measured move to 154.500 followed by a third leg up to 158.350! Is this the moment to long? Or are we in for a hard sell-off? Previous Analysis: How do we trade this? 🤔 I would not long the market open. After a strong...
i sell it coz even when dollars down he not down and so many ti_me BOj talk about to intervene. i think they will do soon and if not a big pullback have to happens u can put ur stop lost at 155.6 if u want a bertter RR but i scare about a big leg up