Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
In 2024, the Japanese yen has weakened against major currencies. The Bank of Japan still continues the policy of negative interest rates, or the DAVIS (low interest rate) policies. Meanwhile, other central banks of the world increased interest rates very quickly in the last two years to deal with the rapid growth of inflation.
USDJPY : On continue W5 , and should be end at 150 Wait and see untill that level. Time Cycle , will be singnificant at 34 week after 2 week. Then its oppotunity to short !!!!
FX:USDJPY The pair is testing 154.6 as resistance (based on trend line). Our projection is this pair will go higher with the possibilities of no rate cut this year, so here's the plan: Buy with 155 and 156 as TP. Set 154.3 as the first SL level, you can adjust the SL level to 153 to avoid a false break.
Hello traders, Wave 5 is aimed at getting to 155.500-155.760 zone. Thanks.
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Yup, as mentioned, if you have gone long last week..so question this week, is it gonna repeat what happened last week?Hmmmm i am starting to be more cautious Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and...
There are two possibility as per mention in chart, If break 154.750 & price sustain above this level that can be move in upper side.
Because the Bank of Japan intervened to weaken the yen. So we are waiting for today's NFP press release and prices are calm. The price is technically below the dynamic resistance level, but the average deviation is too large, so the price may retest the dynamic resistance level of 155.000 and start to fall along with the target level of 152.000. Sum up Entry =...
The foreign exchange market witnessed a tug-of-war this week, with the Japanese yen (JPY) taking center stage. Speculation surrounding potential intervention by Japanese authorities to prop up the weakening yen against the US dollar (USD) sent ripples through the currency landscape. Meanwhile, the US Dollar Index (DXY), a broad measure of the greenback's strength,...
USD/JPY has experienced a period of volatility recently. The recent depreciation of the greenback could provide an opportunity for buyers using the US dollar to step in and prepare for a potentially more profitable journey. Meanwhile, weaker-than-expected non-farm payroll prints from the United States have pushed USD/JPY below 152.00 and witnessed a large influx...
I think there is little downside to going short ahead of non-farm payrolls and unemployment. If the unemployment figures are down, the dollar will go up, but it will be kept artificially down by the BOJ. However, if unemployment comes in hotter than expected, all the leverage positions short on JPY are going to get squeezed.
My old friend finally decided to listen to me and make a good drop. More is coming of course, and i expect a reclaim of the 146.000 level sooner or later (probably before june). I placed another sell limit at 154.500, in case will see a spike to liquidate some shorts. Holding all for the long term
Price is currently falling to a pullback support level of 151.700 From the technical standpoint, price may have a bounce to the upside from that price point. A buy limit is envisaged from $151.700 level.
I dont the way the markets r so siggly at the monent I feel like it could happen .... n/y ?
USDJPY made a inverted cup and handle pattern which indicates about the bearish of the market.
Hello Everyone, The USDJPY has experienced a notable decline recently, and now it's crucial to breach the robust support levels at 152.618 and 151.877 on the monthly and daily charts for the bearish trend to persist. Presently, we find ourselves comfortably below the monthly, weekly, and daily pivot points, suggesting favorable conditions for further bearish...