we have two perfect LVLs in weekly and you can trade on them using LTF PA zoom in and be aware of them...
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
USD/JPY is witnessing multi-decade high prices, closing at 155.00. Traders are becoming cautious amidst increasing risks due to Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the rise of USD/JPY. From a technical perspective, this currency pair is trading above the Simple Moving Averages (SMA), indicating stability in the upward...
USDJPY is nearing critical resistance zone level which is 127.1% Fib extension. When a chart enters unchartered territory these Fib levels help us identify supports and resistances.
If you guys look carefully & analyze the Quarterly Time frame we can see supply has been met. Thus giving us more context as to why prices are lingering in that zone. It’s for the simple fact that the Quarterly EMA200 has been reached. This will imply a Reversal Trend and we might see price go down toward 130 Range. Always Trade Safely and view the bigger trend....
Increase in U.S. Rate Expectations Weighs on Japanese Yen Idanna Appio, a portfolio manager at First Eagle Investments, highlights the challenges facing the Japanese yen due to increasing U.S. interest rates and rising oil prices, which are negatively impacting Japan's trade terms. Verbal intervention by Japanese authorities is unlikely to have a significant...
Traders, today we're dissecting the USDJPY pair with an Elliott Wave perspective. On the 30-minute chart, it appears we've reached the crest of wave (5), indicating the completion of an impulse wave sequence. As the waves unfold, I'm spotting the initial stages of a corrective pattern. The chart suggests the start of a corrective (a) wave that could potentially...
USDJPY is moving in an ascending channel near the resistance level. The volatility of the chart movement has decreased. The price has formed locally a small double top pattern. We think that the pair will correct from the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Hello to all our subscribers. Please share your personal opinions in the comments. We kindly ask for your support through likes and subscriptions. Amidst the situation where the Japanese authorities are refraining from market intervention, there is a growing expectation that the timing of the US interest rate cut will be delayed, despite the resilience of the US...
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...
The USD/JPY has recently surged to a multi-decade high of 154.88, reflecting a steady climb. However, uncertainty looms over the pair, with traders refraining from placing new bets due to the threat of Japanese currency market interventions. Widespread weakness in the US dollar is also curbing bullish potential. Despite reaching a new high for April and the past...
The USD/JPY market is experiencing a notable period of growth, reaching its highest level in decades, driven by significant appreciation of the US Dollar. This increase is attributed to the economic hegemony of the United States, where the USD is regarded as one of the most stable and widely used currencies globally. Additionally, the large-scale selling of US...
Hello everyone, I'm curious about your thoughts on the current trend of USDJPY? Lately, this currency pair has been maintaining stability at a high price level, currently hovering around 154.810 with little fluctuation and seemingly unchanged from the same time during yesterday's trading session. It recently touched a multi-decade high around 154.85 on Monday,...
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...
This is my bearish trend idea. However, wait for a fall back to a key level after trend continue to downtrend momentum, because overall structure breakout and continue to downtrend. You can see it high time frame momentum. Good luck
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.
Price has been in a bullish momentum since the beginning of 2024 and has broke the all time high of 151.681 in the daily time frame. Price has remained bullish and will continue to remain bulish until the 156.900 to 158.000 area. Using Top Down analysis, a clear liquidity has been taking on the 1Hour time frame, with a break high on the retracement and break above...
As i shared many times, i expect a drop in the long term for USDJPY. I drawed a clean main trendline that is obviously bullish, but i think we are going to change the trend soon. I expect some fast moves as soon as we start to approach the main trendline