Hey everyone, today the USDJPY is hitting new heights, currently cruising around 153.80 and marking a daily increase of 0.38%. This currency pair has been on a tear since a solid consolidation last Friday. With no historical price levels left to target, USDJPY is charting its own course, but we can still ride the market trend. The outlook remains bullish as it...
When the first time I share my thought and my chart to everybody about this USDJPY monthly chart pattern in several years ago and repost in early January/February 2024, the reaction was "no way"...."impossible"...ect. But then it break the resistance above 152. What else teh reaction? Near term resistance will be 155-157 areas, but then Japan probably get the...
welcome here is my usdjpy idea its based on very bullish market price trading above all emas, weekly pivot, 50%fib level of monthly and weekly candle retest possibility is given but is price very bullish and will may continue straight without retesting tight stoploss to cover retest possibility
We analyse the dollar index and its possible reduction in value, due to the area of supply that it is approaching, after we have determined the possible direction of the dollar, we then have an Idea of how pair that are quoted against the dollar could be affected by this possible reduction in the price of the dollar. We look at EUR/USD, GPB/USD, USD/JPY and USD/CAD
Ideas not advice A technical and fundamental outlook. Fundamentally US economy is looking decently healthy with rising inflation and higher retail sales than expectation. The short way of saying this is they are all making some decent money out there and they are spending it. Technically , this generated a huge upward momentum breaking through 154 area....
Hello traders, in the USD/JPY daily chart, we can see the formation of a massive ascending triangle. The upper end of the triangle is at 152 level, which if broken could lead to a massive leg up. At this point, I would recommend traders to avoid placing short entries. In fact, the plan would be to see how price behaves at the 152 level. If there is a breakout,...
USDJPY is rising toward the pivot point which lines up with 78.6% Fibonacci projection and could potentially fall to a pullback support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level which is aligned with the 100% Fibonacci projection Pivot: 154.81 Support: 151.93 Resistance: 157.04 Risk...
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 everyone, nice to meet you all. Please share your personal opinions in the comments. I ask for your booster and subscription. Due to the recent attack by Iran on Israel over the weekend, the dollar has strengthened, and Israel has announced retaliatory measures against Iran, signaling "painful methods." This has further bolstered the dollar's strength....
The Japanese yen (JPY) fails to gain meaningful momentum during Tuesday's Asian session and languishes near the 34-year low reached against the U.S. currency the day before. Monday saw a report that the Bank of Japan (BoJ) will focus less on inflation and shift to a more discretionary approach in setting monetary policy. Meanwhile, BoJ Governor Kazuo Ueda said...
Plan A: Once Reaching Around 155.20, Observed the reversal pattern, such as 4H bearish harami, 4H bearish engulfing, Long shooting star to enter the short trade. At least 1-3 profit target that can be set separately as T1, T2 , T3. Plan B: What happen if no reversal pattern found : very simple continue to Long.
The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish. We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH. Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci. If the price manages to trade above...
Since March 20th, when FX:USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range. However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought. Even during Friday's NFP...
Yesterday price traded and closed at 154.300 In today’s trading session. We’re looking forward to seeing the bullish trend continue or we may see a retracement before more bullish sentiment starts. Here’s the H1 market structure and levels where we monitor price for trading opportunities 1. The area of 154.442 which serves as a resistance 2. The area of...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Likely this would be a trending up pair, but do keep a look out for any intervention. Frankly BOJ could be looking to intervene, and by then you should see big movement on UJ. Trade this pair carefully! Do check out my recorded video (in trading ideas) for the week to...
Markete removed the retailers after liquidating them and then move on towards its direction...
market will go long will touch the above resistance level,as usd is strong as per the fundamentals and strength wise
1. Daily/Weekly/Yearly Uptrend 2. Healthy and strong bullish momentum candle 3. Important News Strong USD/Weak JPY Tomorrow as possible Catalyst 4. Price above 2 MA's 5. Price above 200 MA 6. Trend Indicator from Babypips Confirmation 7. Currency Strenght Meter confirmation 8. 2% Risk, 3:1 R:R 9. Close on reverse candle/breakout of structure/bad news impact 10....