We see a slight decline in the dollar index and thus a reaction of the currency market, but with the USDJPY the story is different. There is a resistance level of 144.78 on the chart, relative to which we saw a shakeout last week against the background of the news release. The price tested the support at 142.736, but it did not go back down.
The global chart...
TP 1: ¥137.126
TP 2: ¥131.698
TP 3: ¥127.311
I think over the coming weeks the US Dollar will become less dominant and the Japanese Yen will be able to gain some momentum over it.
✅USD_JPY is approaching a massive supply level
So according to our strategy
We will be looking for the signs of the reversal in the trend
To jump onto the bearish bandwagon just on time to get the best
Risk reward ratio for us
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🔰You can see the analysis of the US dollar to Japanese yen currency pair in the 15-minute time frame (USDJPY_ 15min) 🔍💣
💥The price has been able to break the black UP trend line🖤 and is pullback💜 to this line and the SUPPLY zone🧐 If the price can break the orange up trend line🧡 and stabilize❗️ below it, it can fall to the DEMAND zone🔻🔻
Do you think this analysis...
this pair was stuck in the zone beetween 145 to 144 seems like its gona break resistance and head up to 147 highlighted with rectangle, if we look back as clearlly you all can see, its been 27 years a go and on that point we have the bearish movment for long, however if it break the 147.800 it might head up. what you all think about this pair, let me know in the comment.
Good day everyone.
USDJPY is in middle of distribution phase and anytime the market can reverse the trend and fall down.
We are biased to downside and look for sell.Any up movement will be the fake move to trap the buyers. We will wait for the confirmation to go short.
Always trade with proper risk management.
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USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1, TP 2 , TP 3 and EXIT (SL) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session and only enter if we...
I marked up a 15M POI in my previous analysis and price reached to that supply yesterday.
The USDJPY had strong downside move that had double demand zones break and change of character.
I mark up the zone that caused double break. Also there were huge liquidity below that zone which was swept.
Everything is now ready for a huge downside move. If you missed...
UJ Stacked in a Supply zone fore days. The zone holds in a solid way and everything will be clarified tomorrow during NFP.
With a trendline break, I see a sell opportunity at the retest of Trendline and Supply zone.
It is very possible to go for a stophunt at approximate levels of 145.9-146.2.
So, in order to be safe I will lower my lots and at the same time I...
even the price above 144.49 will be upward especially if stable above 145.00 the target will be 145.83 and 146.610
if the price can reverse under 144.48 then will reach 143.79 and if break that also then will be downtrend to reach 143.00 and 142.05
By condition 4H candle
USD/JPY finally closed above 145 for the first time in 24 years. Given we saw the MOF (Ministry of Finance) intervene around 145.9 then the potential for the BOJ or MOF to jawbone (if not intervene) may be high. However, traders remain aware that it will take a coordinated intervention to turn this trend around, which is why prices simply drifted back to the highs...
Head and shoulders is one of the major and popular patterns that is known as reversal pattern too.
here we can expect a dump like the red arrow on the chart if the price stays below the neckline which is the yellow line on the chart.
if the price goes above the neckline then the pattern is invalid and the next resistance(major resistance on the char) may dump...