The USDJPY pair has been trading within a Channel Up since the December 28 2023 market bottom and has started the new Bullish Leg on the May 03 2023 bounce (Higher Low) on the 1D MA50 (blue trend-line). The previous two Bullish Legs rose on average by +8.00%, so we expect a similar development. As a result we are bullish, targeting...
The increase of currencies that have a negative correlation with the dollar and their strength indicates the weakness of the dollar, and like other currency pairs, there is a high possibility of a decrease in usdjpy, on the other hand, the volume of the dollar market has decreased compared to the yen, and it can indicate a strong sale in this be a currency pair
Looking for a sell opportunity in UJ Reasons to sell: 1. If price breaks and retest uptrend line which I drawn in chart. 2. if price break and retest the support line.
Hello,Friends! Bearish trend on USD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 152.233. ✅LIKE AND COMMENT MY IDEAS✅
Today, the USD/JPY pair is advancing further to test the 156.50 level, seemingly unfazed by remarks from Japan’s Finance Minister Shunichi Suzuki. The currency pair continues to find support amidst rising U.S. Treasury yields and a strengthening U.S. dollar, following cautious outlooks on policy and inflation expressed by Federal Reserve officials.
Looking for a sell opportunity in UJ. waiting for the price push to the level of Resistance to make double top. Use proper risk management. Thank you
Preferred direction: SELL Comment: The opinion and trading setup for the Japanese yen also remains the same. In the short term, all this will most likely be a small, but downward movement towards levels 153 and 152 . The two previous scenarios are relevant for today, as already mentioned. Scenario №1 - sales at current prices, and scenario №2 - a...
Hello, subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe. Last week, the U.S. April CPI met expectations, increasing optimism about the slowdown in inflation. Additionally, it is projected that the Fed will cut rates twice this year, with the first rate cut likely to occur in September. However, it is still...
A double top is a bearish reversal chart pattern that typically signals the end of an uptrend and the beginning of a downtrend. It is one of the most common and reliable patterns in technical analysis, indicating that the asset may have reached a significant resistance level. ### Characteristics of a Double Top 1. **Shape**: The double top pattern resembles the...
Since topping at ¥156.77 on 14 May, short-term price action on the H1 chart for the USD/JPY has exhibited a downside bias. Of late, as you can see, recent flow chalked up a pullback from a low of ¥153.60 and has initiated the process of forming the D-leg of an ‘alternate’ AB=CD bearish formation at ¥154.95 (marked by a 1.618% Fibonacci projection ratio). The...
My dear subscribers, My technical analysis for USDJPY is below: The price is coiling around a solid key level - 156.41 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 154.93 My Stop Loss - 157.44 About Used Indicators: By the very...
My dear friends, USDJPY looks like it will make a good move, and here are the details: The market is trading on 156.41 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 155.17 Recommended Stop Loss - 157.21 About Used...
My opinion of USDJPY, i see it as a shorting opportunity
Hello Everyone, We're on track with USD/JPY. For bearish confirmation, we need to secure a position below the 1W PP. TradeWithTheTrend3344
On the H4, USDJPY formed a symmetrical triangle pattern. The price broke above the trend line and is testing an important resistance area. A short-term bullish trend can be expected if the price breaks above the resistance. 🔼 Trade: Buy USDJPY on a breakout above 156.500; 🎯 TP: 158.000;
x stup coming hurry up stay tuned when which side breking up it will come back red zone PLESE WAIT UNTIL BREAKOUT ZONE WHEN PULLBACK TO RED ZONE USE 30-60 PIP BE
As mentioned yesterday, will be looking to go long on UJ later on. Currently price is in the Manipulation phase. Waiting for price to go lower below open of the day and start distributing. To Find ote later on.
Overall weekly Bias Bullish. Today I was looking for longs after London created the low of the day, targeting the deal on liquidity on the previous day's high and it took it out. Tomorrow the same case will be going long till we reach the previous weekly high. As usual we check for time to get into trades most importantly after the London session because of the...