UJ has been down for the last couple of weeks, the Yen is clearly preforming stronger but I believe UJ will be a long for this next week of trading due to this pair not being able to break key support level mainly. On Dec 22 UJ sentiment was almost 70 percent short and 30 percent long.. and the pair was able to steadily hold in the +.20 to .40 percent. I also see...
Dear friend, what do you think about the next trend of USDJPY for this major currency pair?
Today, USDJPY continues to trade steadily around the 149.00 level, attracting some buyers amidst geopolitical risks and concerns about intervention. Faint hopes of upcoming changes in the BoJ's policy stance may limit further gains. The story of higher interest rates in...
USDJPY H4: BULLISH FUNDAMENDTAL AND TECHNICAL ANALYSIS
USDJPY is looking bullish while taking inside the trendlines which are clear representing that it will fly and will reach the third time in this first target while hitting the historical top resistances that were followed near the strongest level target and it is also consider that it may break the last two...
Resistance breakout and retest happened. Possibility of long is higher, as the previous short could not happen and rejection happened. TP and SL points are shown in graph.
Good Luck for All! 📈😎❤🙌🏽
The Japanese yen has continued to fall this week, hitting new lows against the euro, pound and other currencies, as investors look for better returns outside Japan. The yen is currently the worst-performing G10 currency of the year, having fallen 6.4% against the dollar, in contrast to being the best-performing currency.
Against the euro, the yen fell 0.6% this...
It appears that the price has successfully breached the upper boundary of the symmetrical triangle, with the stochastic indicator signaling overbought conditions. Currently, the price is ascending towards the pivot, coinciding with both the 161.8% Fibonacci retracement and the 127.2% Fibonacci projection. Anticipating a potential rejection from this level, I...
USD/JPY could fall towards an overlap support and potentially bounce off this level to rise towards our take-profit target.
Entry: 150.439
Why we like it:
There is an overlap support that aligns with the 23.6% Fibonacci retracement level
Stop Loss: 150.128
Why we like it:
There is a pullback support that sits under the 50.0% Fibonacci retracement level
Take...
As I predicted earlier, USDJPY nicely respected a broken key horizontal structure on a daily
and bounce from that.
Analysing a 4H time frame, I spotted one more bullish confirmation:
this time, the price violated a resistance line of a symmetrical triangle formation.
We may expect a retest of a current high now,
with a consequent continuation to 151.3...
The 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish...
Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 149.83, which is a multi-swing low support.
Our take profit will be at 150.75, which is a swing high resistance level.
The stop loss will be placed at 149.12, which is a multi-swing low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin...
Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 150.57, which is a swing-high resistance that closes to 127.2% Fibo extension
Our take profit will be at 150.18, an overlap support level.
The stop loss will be placed at 150.93, above the 1622.8% Fibo extension.
High Risk Investment Warning
Trading Forex/CFDs on...
Hello everyone, today the USDJPY has been trading around the 150.500 mark during the early trading hours of the weekend. This pair found support at 150.42 and retested the 34 EMA line.
Trend Forecast: USDJPY is expected to continue its upward momentum and is forming a double top pattern as indicated on the chart. We will consider a sell strategy if USDJPY reaches...
USDJPY has continued its upward trend over the past few days, with prices fluctuating around the 150.23 mark and steadily advancing towards the 152 resistance level.
The US Dollar (USD) remains in a concerted effort to attract significant buying interest, contributing further to a daily decline of about 25 pips from the vicinity of the 150.00 level for the...
Today, the USDJPY is trading around the 150.30 mark, showing little variation from its position at the same time yesterday.
In this context, the Japanese Yen remains on the defensive amidst the Bank of Japan's (BoJ) policy uncertainties. Japan's flash PMI indices have not made a significant impact on the JPY's upward trend nor provided any substantial support....
