I'd be very surprised if USD/JPY does not have another go at trying to break through 152 again in the coming days/weeks. It tends to be attracted by big round numbers hence the vacillation around 150 currently. Above 152 there isn't really much resistance until the next round number at 160.
Consumer prices rose 3.5% in March, but we have a FX:USDJPY Breakout upwards earlier today AMEX:USD #CPI $JPY
Data came in broadly higher than expected for the March US CPI inflation print. Higher-Than-Expected Reports on Three of the Four Major Prints Year-on-year headline CPI inflation for March rose +3.5%, up from +3.2% in February and a touch higher than economists’ estimates of +3.4%. Of note, this follows a rise of +3.4% in December 2023, a rise of +3.1% in...
Headline CPI for March jumps to 3.5% year-on-year, up from the 3.4% expected, and well above the 3.2% recorded in February. The latest reading is the highest since September’s 3.7%, and it has certainly rattled financial markets. Stock index futures sold off sharply, as did precious metals, while the US dollar soared. The yield on the US 10-year Treasury note...
My dear friends, Please, find my technical outlook for USDJPY below: The instrument tests an important psychological level 152.65 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 152.04 About Used Indicators: Super-trend indicator is...
Elliot Wave finished uptrend. ABC finished and a reversed triangle pattern formed. Second ABC may do two things: follow triangle pattern for a diamond pattern, or follow trendlines and go bullish. Expecting that EURUSD go bullish, then it can be expected to go bearish for the time being, until it hits the lower trendline. Note: whales will follow EURUSD market...
- USDCHF is currently moving sideways. - Potential support and resistance are shown on chart. - Potential buy and sell opportunitites are marked on breakout. - Wait for the price to hit buy stop or sell stop orders.
An Idea, not advice US market seems to be reconsolidation in prices USD/JPY hit all time highs and double top Yesterday made Lower lows Will aim for 50% Fib level
Hello friends! Price broke 151 = which is the higher low uptrend support. I entered shorts at 151.85 which is a 1H supply zone a.k.a. 1H orderblock with stoploss above the highs around 152. When the price broke 151, it created a lower low 150.8 giving a clear bearish trend shift confirmation. Market gave us the best price to enter shorts as we enter London session.
Here is our detailed technical review for USDJPY. Time Frame: 7h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The price is testing a key resistance 151.843. Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 151.539...
Price Respecting Downtrend line. Expect to go short on 5 minute timeframe with a short term uptrend on lower timeframe WILL POST LOWER TIMEFRAME ENTRY BELOW!
My analysis on the higher timeframe has been insisting that UJ must go down but UJ has been defying all odds and analysis to go up. Even now the price is unsure of where to go but if you know correlation of UJ and gold , you will know. So we're forcing UJ to go down hahaha. But trade responsibly , N:B this is a risky trade and also experimental
We were also triggered in here, but SL was moved into profits so we were stopped out. Wen in again and fully got stopped out. Now we refine what the market is telling us. DAILY 151.97, our peak and our ceiling. Looking left what we are waiting for is a drop and a painful one. The dollar (DXY) has also given us signs of a drop. So we will plan and wait for the...
Since the High on 27 March we have had an Impulse down followed by a correction nearly back to the high, followed by another 5 wave impulse down, taking out the low, and then a return to the high's again. This Price action qualifies as an Elliott wave Zig Zag. Looking at the volume profile I am observing that the Point of Control aligns with the Wave 4 extreme...
Last time USD JPY touched 150 before 2022 was 1998 and in 2024 we are back at it! This is very much backed up by BOJ keeping Interest rate at sub zero level ( negative ) and forcing inflation in JAPAN due to heavy deflation caused by wrong BOJ policy before. BOJ was talking about if wages grow and inflation comes from demand not hiking price energy, they will...
Events to watch out for today: 15:30 EET. USD - Consumer price index 21:00 EET. USD - Publication of the Fed meeting minutes USDJPY: The USD/JPY pair remains silent ahead of the release of the US Consumer Price Index (CPI) data and the Fed meeting minutes on Wednesday. The pair is holding near 151.80 during Asian trading hours. The Japanese Yen (JPY) may...
Hello How are you ? We have Double Top And penetration of Neck So l respect the selling
A bright and clear Bullish flag pattern. Putting a buy stop and sl tp according to the pattern and hoping it would make a very good bullish rally.