Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 138.1 zone, USDJPY is trading in an uptrend and currently seems to be in a correction phase in which it is approaching the major trend at 138.100 support and resistance zone.
Trade safe, Joe.
Hey Traders, on above chart we have a breakout of 137.900 resistance area due to bullish USD data, currently we are keeping an eye for a potential retrace of the breakout before further bullish momentum,
Trade safe, Joe.
USDJPY, due to strong DXY, as we had explained in our previous USD pairs that we are expecting DXY to be bullish in upcoming days; so current approarch on USDJPY is bullish for another month or so, we will have to wait for price to complete the bullish price momentum. Once the price reach our area of entry we can enter the swing sell position for a nice 1000 pips....
🌟The USDJPY is in a Bullish phase by reaching a PRZ zone
🌟 Bullish signals are:
- Bullish Cup & Handle
- Dynamic Support zone
- Pivot R1 weekly
- Ascending Triangle
⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed.
⏮️Previous Analysis⏮️
✅If this post was useful for...
During the Asian session, the USD/JPY pair broke below the crucial support level of 140.00. This decline was influenced by the movement of the US Dollar Index (DXY), which also experienced a correction, falling close to 104.11 after failing to maintain a recent two-month high at 104.31. The correction in the USD/JPY pair appears to be more significant compared to...
right now price is moving above the baseline on the chart. so we can not expect price decline yet.
the nearest resistant level also is around 139.5 and we can expect price respond to this level too.
however our strategy for short position will trigger when the price move down and close below the baseline.
if that happen we can expect price will drop more, so I...
USDJPY at 139.880 strong resistance level if price fails to break through. It is expected that in the short term there is a chance that the price will fall. Sell the red zone, targets 138.471, 136.410 and 135.873 >> GooD Luck 😊
Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises to be more aggressive now than a year ago, as yield spreads between...
Hello,Friends!
USD/JPY pair is trading in a local uptrend which we know by looking at the previous 1W candle which is green. On the 12H timeframe the pair is going up too. The pair is overbought because the price is close to the upper band of the BB indicator. So we are looking to sell the pair with the upper BB line acting as resistance. The next target is...
Based on the price action in the 4H chart, it seems UJ is showing signs of reversal.
If the current trend continues, we can expect a deeper pullback to 135.80
My recommendation is to sell the rallies in USDJPY with initial target at 135.80
My dear followers ,
Please, find my technical outlook for USD/JPY below:
The price is coiling around a solid key level - 138.630
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Goal - 140.021
About Used Indicators:
A super-trend indicator is...
The USDJPY pair gave us the buy entry we wanted last time (see chart below) almost 2 months ago and we took a successful trade:
Right now it is above the 138.210 level, a Resistance that was in effect since December 01 2022. This is a short-term bullish break-out call, so we turn bullish again targeting Resistance Zone 1 at 142.000, which also happens to be...
The classical Bitcoin theory about halvings is that they "cause" bull-markets because the supply mined gets halved, leading to a negative supply shock and therefore increasing the value per Bitcoin.
This is not a surprising theory since it makes a lot of sense and has worked in the past. But, is the halving really that important for the Bitcoin price?
I've...
USDJPY has been trending up since the end of March, is this the time when we could see a short-term move to the downside.
So here is what we are seeing:
4 Hour Chart (Higher Timeframe Analysis)
Trading in an upward channel, so a short position is going against the recent trend, so we need to be aware of this prior to taking any entries.
15 Minute...
USDJPY has broken the resistance level in D time frame.
The Price is expected to hit the levels of 141.38 and expected to get reversed to 138 levels.
The Pair has potential till 144.33 levels.
