Watch for a bullish breakout, if it rejects it should come back down to the midline, and if that rejects it should come down to the bottom of the parallel channel. Excellent long opportunity at the bottom IMO.
Trade the channel!
Use proper risk management please.
Thanks!
There could be a possible bullish move on USDJPY from 148.0. Buyers keep dominating the market and a retrace to the zone could be a premium opportunity for more buy
✅USD_JPY is now retesting
A strong horizontal resistance
Of 149.641 and the pair is
Locally oversold so I think
That we will see a
Local bearish correction
SHORT🔥
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anticipating higher prices before Friday close. Next week I will stalk selling opportunities with confirmed bearish setups only. If not then am sitting on my hands tight.
Infinite Trader
📊Yen Gelpen is in an uptrend and can continue to rise as long as it maintains the uptrend line. The important static support is the number 143,000 and in this ascending wave it can reach the range of 160 to 165
The Japanese Yen encountered renewed selling interest around the 149.000 level, leading to a decline on Tuesday. Despite data from Japan's labour ministry revealing a continued decline in real wages and household spending, the Bank of Japan (BoJ) faces challenges amid a generally positive sentiment in equity markets, weakening the safe-haven appeal of the...
USD/JPY Reaches 10-week High amid Statements by Head of Bank of Japan
Bank of Japan Governor Kazuo Ueda said today that there is a high likelihood that accommodative monetary conditions will continue even after the bank ends its negative interest rate policy — an event that is expected as early as next month, according to Reuters.
On the other hand, the USD...
Preferred direction: BUY
Comment: How it happens lately, the Japanese yen stands out among all its main competitors (majors), and here we continue to expect the price to approach the level of 150 . There are no specific entry points now, so we identify this transaction as a medium-term one. Due to the economic situation in Japan , it is very likely that...
Explore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy.
However, amidst this positive...
usdjpy outlook fall from 151.89 is seen as a correction to the rally from 127.20, which might have completed at 140.25 already. Firm break of 151.89/93 resistance zone will confirm up trend resumption, and next target will be 61.8% projection of 127.20 to 151.89 from 140.24 at 155.50. This will now remain the favored case as long as 140.35 support holds.
Pure technical analysis.
USDJPY has penetrated the upper channel of the trendline, but will not shoot straight up. Instead, the price will retrace to the strong traditional support in the 145,000 zone, as the price has had a lot of interaction in this area formerly.
The 145.000 area coincides with the Fibonacci zone between 0.384 and 0.5, as well as the leg E...
USDJPY Ready to test the next zone
After last week's FOMC and NFP data, the USD is showing strength
across the currency board.
This was also supported by a strength in the DXY that managed to rise above 103.80 during Friday's close.
Over the past two weeks, USDJPY tested a zone last seen at the end of November 2023.
A strong resistance is found near the top of...
