USD JPY price will be down fall till 152.581 take a short entry after breaking up trend line till marked price line 0.5 level fib as shown in the picture, follow for more updates
152.0 key horizontal resistance kept absorbing bullish pressure for almost 2 years. This week, with the release of CPI data, that structure was broken and the market set a new very important higher high. The next historical structure that we can find is based on the price action in 1990th. 159.0 - 160.0 resistance cluster is the next, closest key...
In my opinion, the type of coming and capping was an incentive for new buyers, and by creating liquidity and zeroing the momentum and divergence in the cap, I think it is reasonable to correct with risk and loss limit.
This is an idea not advice Technical looks like it's hitting a resistance, where it's creating stagnant side way areas and barely reaching above it. 4hr RSI has been flat as well, and possibly looking to divert With current weakness of the trend momentum in hourly time frame, it will likely need to retrace, gather demand to continue it's march. The FVG...
Price may fall to 152.9 as selling pressure got exerted in M15 timeframe.if price gets back to 153.304 I’d be looking out to short the market from that level.
USDJPY is making higher highs and lowers lows. it is in bullish trend
Elephant Bar up take out the 2 red candles. Go long. Price is too far from SMA200 - might retrace.
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought...
Based on the daily chart analysis, we can see that the price is falling toward our buy entry at 151.91, which is a pullback support Our take profit will be at 153.25, which is a swing-high resistance level. The stop loss will be placed at 150.77, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high...
The Japanese Yen took a dip against the dollar this Wednesday, thanks to the U.S. serving up some spicy inflation figures hotter than expected. This shift has pushed back the Fed’s rate cut chatter from June to September. Also, digging into the latest FOMC minutes, it looks like U.S. officials are wary about inflation dragging its feet, which could mean keeping...
Detailed Analysis on USD/JPY Recent Market Dynamics The Japanese Yen has recently attracted some buyers and recovered a portion of the losses incurred after Wednesday's US CPI release. Concerns about potential intervention by Japanese authorities, coupled with a weaker risk tone, have supported the JPY and exerted pressure on USD/JPY. Divergent Monetary Policy...
✅USD_JPY made a strong Confirmed breakout of the Key horizontal level of 152.000 Which was a resistance and An ATH level but is now a support Which, combined with the fact That the pair is trading in a Strong long-term uptrend Reinforces our bullish bias On the pair and makes us Expect a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Attention Traders, In today's trading session, we're closely observing USDJPY, pinpointing a potential buying opportunity around the 152.900 zone. USDJPY maintains its uptrend trajectory, currently navigating a correction phase as it approaches the critical 152.900 support and resistance area. Adding depth to our analysis, let's delve into the fundamental...
Hello traders! Today I want to share insights on USDJPY using one of my favorite tools on TradingView—the Adaptive Trend Finder (log). This tool excels in identifying both short-term and long-term trend strengths using an effective method based on Pearson correlation. In the chart, focus on the lower middle section highlighted in gray for the long-term trend...
Hello Everyone, The USD/JPY pair has surged to a peak and is expected to sustain its bullish trajectory. Nonetheless, a notable influx of sellers is emerging as the pair reaches this heightened level. It's crucial to note the resistance point at 154.607. TradeWithTheTrend3344
Japanese Yen sticks to modest gains against USD, not out of the woods yet The Japanese Yen attracts some buyers and recovers a part of the post-US CPI slump on Wednesday. Intervention fears, along with a weaker risk tone, underpin the JPY and exert pressure on USD/JPY. The divergent Fed-BoJ policy expectations should limit any meaningful corrective slide for the...
Now is a very good time to get into USDJPY long positions & target the $153 price point. Offering a good 600+ PIPS profit! Bare in mind this the 1D TF, so be generous with your SL & give market breathing space.