The Japanese yen started to fall again against the dollar, this is the third peak above 150 Yen to the dollar and after the intervention of the Bank of Japan. On Tuesday, USD/JPY traded at a high of 150.87. Levels above USD/JPY 150 are a signal to traders that the Bank of Japan may intervene in the market and lower the rate by at least 300 pips. Therefore, trading...
Looking for continuation long on creation of a new HL. Should price find bullish momentum from previous lows, I'll use the 1h/30m to find break and retest patterns to trade with the trend.
Hello,Traders! USD-JPY is trading in an Uptrend and is now making A local correction, but we are Bullish biased so after the Retest of the horizontal support Level of 149.500 we will Be expecting a bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USDJPY appears poised for continued growth, supported by its pattern of forming higher highs and maintaining trendline support. With this momentum intact, market sentiment suggests an anticipation of further price appreciation. Traders may view this trend as an opportunity for potential upward movement in the USDJPY pair, aligning with bullish expectations.
The Japanese yen has improved on Thursday, despite a disappointing GDP report. In the North American session, USD/JPY is trading at 150.12, down 0.31%. USD/JPY fell as much as 0.70% today but has recovered much of those losses. Japan’s fourth-quarter GDP was a disappointment, declining 0.1% q/q. This missed the market estimate of a 0.3% gains and followed a...
USDJPY is moving in a triangle pattern. As you can see, the price is rising towards the upper boundary of the pattern which also aligns with the 38.2% Fibonacci retracement. I believe a rejection from this level could drive the price lower to the support zone I'm bearish biased
USDJPY seems to be carry its bullish trend as it has not made any bear divergence or any reversal pattren
USDJPY performing an uptrend towards the daily support price, price might retrace back toward the 3rd test level on the trend giving a higher edge to join buyers.
Even if there are some bad news for Japan, i expect weakness on USDJPY. There's a bearish divergence on H1 and H4 timeframe and price has broke below main trendline. I am targeting first support zone at 149.000
Hey Traders, After looking short in line with the previous high and ultimate market value, we have had a considerable fall. Also as mentioned, the rebound took us to yesterdays re-short zones in line with renewed market sentiment and BOJ comments regarding an end to negative policy. We can now look to the future and what to look for. Watch for more.
how did you the analysis usdjpy ? 1.afater the ened of the elliot wave 2.genera ltrend up trend but after end elliot wave down trend time frame 1hr 3.rsi line break and close 40 4.correction down trend
The USD/JPY pair resumes its upward journey after a mild correction to near 150.40 in the European session on Wednesday. The asset rebounds as dismal market sentiment has improved the appeal of the US Dollar. USD/JPY is seeing a fresh selling wave, closing in on 150.00 in the Asian session on Thursday. The pair is tracking the US Treasury bond yields lower,...
USD-JPY was capped overnight after jawboning by Japanese authorities stoked intervention risks. Japan’s top currency chief Masato Kanda warned against the recent one-way move in USD-JPY and mentioned that authorities stand ready to take steps if needed. Additionally, Finance Minister Shunichi Suzuki said he’s watching FX market developments with an even...
The Japanese Yen has seen a resurgence in strength for the second consecutive day, distancing itself from a recent three-month low against the US Dollar (USD). This uptick in the JPY comes as Japan's top officials hinted at potential intervention measures to prevent further depreciation of the domestic currency. Additionally, escalating geopolitical tensions in...
Yesterday's position update: Time to move the stop to entry and maintain the profit target level.
#USDJPY.. well guys, market very well done his upside leg and now again retraced done. If market hold your area that is mentioned in chart then again bull run canxstart from here. Keep close it and manage accordingly. Good luck Trade wisely
printing HH and HL in bullish channel going to test channel bottom with retracement 0.61 fib level can wait for bullish divergence for perfect entry or instant buy at CMP entry 150.09 stop loss 148.96 tp1 151.10 tp2 152.22