Looking for a sell opportunity in UJ, if it retest from resistance level. If it retest from resistance level and break the support, then I will go for short. Use proper risk management. Thank you
Today's session marks the beginning of the retest of the April 2024 high. The ultimate target seems to be around the 162.215 level. This move begins now and may possibly extend to the end of June or early July. The stop loss should be around the 154 level. Stay tuned for updates.
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
Pushed up for no reason so should Return to previous levels
The USD/JPY pair has been trading in positive territory for the third consecutive day, hovering around 155.80 during the early Asian session on Monday. The decline in this currency pair has been supported by weaker-than-expected GDP data from Japan for the first quarter. However, it has not yet broken out of the consolidation pattern evident on the analysis...
usdjpy has been having a great and unpredictable path past few days with major news events and BOJ interventions and it was great for those who caught the moves but now its getting stable. On my current chart im waiting on the short which i have a tight stoploss to becouse this is not my initial trade the market is currently about to break out so once it does that...
Price is about to make some bullish move . Take advantage of the bullish opportunity that may develop away from the current market price.
I always suggest the big positions because most of the time you get the most profit
"Japan faces a tug-of-war with yen bears" says the recent Reuters article on this topic, which has had a lot of articles in the recent buildup to the BOJ intervention. What it basically implies is that professional traders have embarked in a money making roller coaster pushing the USDJPY higher knowing full well that the BOJ will step in and bring it down...
My Dear Robbers / Traders, This is our master plan to Heist USDJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and...
A possible drop on this pair, Mornitor the zone on daily and see if there's a possible drop from that area
The US Dollar Is Weakening Following Inflation Data Yesterday saw the release of key economic indicators for the US. According to ForexFactory: → Core Price Index (CPI) monthly: actual = 0.3%, expected = 0.4%, previous = 0.4%; → Core Price Index (CPI) annual: actual = 3.4%, expected = 3.4%, previous = 3.5%; → Retail Sales monthly: actual = 0.0%, expected =...
After the pullback, USDJPY is ready for the big drop. Follow risk management
Looking to take a long at 156.784 (Daily resistance) Confirmations 1. Closed into new range on the daily charts 2. Strong uptrend 3. Price has rejected off entry in the past 4. Monthly looks like it's trying to flip and drive 5. Price is slowing down near entry signalling a possible reversal Stops are placed below the nearest 4 hour higher low
Price is trading at $155.5 level and it could provide a potential buy opportunity from the current market price. A buy opportunity is envisaged. Target is 157.000
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
www.tradingview.com USDJPY May Rise! On the H4 chart, the USDJPY has formed a symmetrical triangle pattern. The price has broken above the trend line and is currently testing a significant resistance zone. A short-term bullish trend could be anticipated if the price manages to break above this resistance level. 🔼 Trade: Consider buying USDJPY on a breakout...
Bullish indications: HHHL inverted head and shoulder. resistance broken . inverted head and shoulder in higher time frame. Flag pattern broken upwards Resistance broken at 155.941 Bullish engulfer candle from the triangle break out. Trade plan bias long @ 156.158 SL:155.966 TP1:156.317 TP2:156.465