ORDER BLOCKS are great poi's if you how to use them. Make use of a HTF and draw on liquidity/
The US economy grew 1.6% in the first quarter of 2024. The actual figure was lower than the estimates of 2.5%, which caused some re-pricing of risk sentiment in markets after the data was released. Albeit the data was lower than anticipated, the US economy still managed to grow in the first quarter, a stark contrast to what is expected in many countries in...
The Japanese yen continues to lose ground on Thursday. In the European session USD/JPY is trading at 155.61, up 0.17%. Earlier, the yen dropped to a 34-year low of 155.74. Friday will be a busy day out of Japan. Tokyo Core CPI, which excludes food, is a key leading indicator of nationwide inflation trends. It is expected to drop to 2.2% in April, down from 2.4% in...
The dollar has generally strengthened against most major currencies since the beginning of March as expectations for the start of the Fed’s pivot have steadily moved back. There’s also the American economy’s overall good performance. GDP remains high and the chance of recession low while inflation and new jobs have consistently beaten the consensus for many...
On the daily chart, USDJPY maintains a strong upward trend. At present, we can pay attention to the support near 154.6. If this position does not fall back, it is expected to continue upward. The first target of the upward trend is 157.0, and the second target is 158.0.
Hello everyone! Just a quick update on UJ. Added a pyramid Entry, while moving SL to the pyramid entry SL. Monitoring the 156 levels, But confident that this will go to 160.
After a sudden policy shift from the BOJ, we saw the market trend reverse course and fall from the 140s all the way back to 131. It is mind-boggling that top national currencies are this volatile, but here we are. Now the overreaction to the policy shift has retraced a bit and we are back at 134. Either a dovish hint by Powell or another hawkish step by Kuroda...
This could be the potential target for USDJPY on this Long Play
Major breakout seen on USD JPY. This is now set to go a LONG way !
Hello there, USDJPY is trending Bullish at the H1, a minor bearish impulse is expected but a bullish break above 154.826 is the bullish interest. The needs to be a low greater than that level for the continuation of the uptrend and the bias is 155.393 with two price targets. Happy Trading, K.
we have two perfect LVLs in weekly and you can trade on them using LTF PA zoom in and be aware of them...
The Japanese Yen (JPY) continues to struggle to make a significant recovery and languished near multi-decade lows against its US counterpart during Wednesday's Asian session. Traders seem reluctant to make a decision and prefer to wait for an important Bank of Japan (BoJ) decision on Friday. In addition, this week investors will face the release of the advance...
At the beginning of April, Japan's ex-FX diplomat Watanabe said that the BOJ were unlikely to intervene with USD/JPY below 155. Well now the pair trade less than 80 pips beneath this key level (and less than a day's trade by recent standards), 155 is certainly the level to watch today. The strength of the bullish 1-hour trend makes it seem that USD/JPY has little...
The abbreviation USD/JPY represents the currency exchange rate for the U.S. dollar and the Japanese yen. The pair shows how many yen are required to buy one U.S. dollar—the quote currency and base currency respectively.
USD/JPY is giving a reversal signal, the daily timeframe closed with equal lows and the 4H timeframe also is giving an equal low's signal. Once the 4H candlestick closed with 2 bear candlestick confirmation l'm entering a sell, what do you guys think?
Price continues to maintain its bullish momentum and currently trades at 154.774 At midst of upcoming BoJ interest rate, price continues to show its bullish resilience. A buy opportunity is seen in 15 minutes timeframe.
Now is time to start selling USD/JPY On the daily time the pair has formed a double top, 4H timeframe the has 2 bear candlestick closed confirmation that the sellers are in already.
In addition to the eagerly awaited US data slated for release this week, investors will be keeping a close eye on the Bank of Japan's interest rate decision scheduled for Friday. Market expectations lean towards the BOJ maintaining its current rate settings during Friday's announcement. However, analysts and investors will scrutinize the central bank's...