The Japanese Yen (JPY) remains near its decades-low against the US Dollar, struggling for buyer interest following the Bank of Japan's (BoJ) dovish stance at its late March meeting, signaling further rate hikes are a while away. The positive risk sentiment further weakens the JPY, traditionally considered a safe haven. However, the downside may be limited due to...
Weekly timeframe - Fib completion (-27) - Bearish indicational candle (not the strongest but advantage for the bears) - Selling region - First bulls can be found around the 149.400 region (anticipating on relief) Daily timeframe - Reversal indication (double top) - Head and shoulders + natural W (pattern within pattern/focus on the reversal) - Solid bearish...
Dear Traders, USDJPY currently trading at extreme seller zone, though daily timeframe has not show strong intention from seller. However, in upcoming weeks we may see strong sellers pressure coming in the market. Please use accurate risk management.
Looking at the chart of USDJPY right now we are seeing some interesting price action on the lower timeframes. Thus a local move up seems to be quite likely. ❤️ Please, support our work with like & comment! ❤️
During the first half of the European trading session, the Japanese Yen (JPY) experienced daily declines, reaching its lowest point in over two weeks against the US Dollar (USD). This downward movement was spurred by a significant strengthening of the USD, further supported by remarks from Federal Reserve officials overnight. Technical analysis based on...
The Japanese yen showed a bit of strength earlier but has pared these gains. In the European session, USD/JPY is trading at 15141, up 0.04% The markets are bracing for a sharp drop in US nonfarm payrolls for March. Job growth hit 353,000 in January but then fell to 275,000 in February and the market estimate for March stands at 200,000. The labour market has...
The Japanese Yen (JPY) retreated to daily lows in the first half of the European trading session after reaching its highest level against the US Dollar (USD) in over two weeks. This decline could be attributed to further USD buying activity, bolstered by hawkish overnight remarks from Federal Reserve officials. From a technical standpoint, breaking below the...
USDjpy is currently creating 3 double tops in multiple time frames after hitting strong support area if you want to be careful trade under the blue line if you want to be extra careful trade after the break of the trend line and trend is broken. Trade at your own risk
Here is our detailed technical review for USDJPY. Time Frame: 5h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 151.631. Considering the today's price action, probabilities will be high to see a movement to 151.082. P.S Overbought describes a period of time where there...
After a long period of distribution, I think price is ready to sell. We had a decent trendline break. Failure to break above previous high suggests a drop.
The forecast went in the direction of the market. Which shows that we working and getting better and the edge getting sharper. DAILY We finally broke out of the consolidation and chose a direction (short). Bouncing off 150.80, with the current candle now pushing upwards. We have slight direction as to what we are doing. 4H Bull channel and we hit the bottom of...
USD/JPY, H4 5 April 2024 The USD/JPY pair broke below its weeks-long consolidation range, indicating a bearish bias for the pair. Yesterday, the Bank of Japan (BoJ) chief held his first press conference following the country's first rate hike since 2007. He hinted at the possibility of another rate hike later this year if conditions permit, and reiterated that...
I've opened a short position on the dollar yen because of recent market movements. We hit a weekly low about 8 hours ago, indicating a possible downward trend. I'm expecting to see that low tested again soon. Typically, I aim to reach my target levels within 48 hours, but in trading, things don't always move as quickly as we'd like. Sometimes it might take a week...
Greetings. I think a move is coming on the USDJPY Pair. I am going long the market. SL: 150.82 TP: 154.02 I am only sharing my trades, not a recommendation to enter the markets.
Based off daily chart. Entry on flip of the daily Confirmations 1.Daily close above resistance 2. Daily came down first with no wick 3. Daily bounced off average area of bullish rejection candles.
The USDJPY has been rangebound at the top of a massive growth spurt. For several weeks it has not been able to break above 151.878. Currently we have a flag pattern on the hourly graph that signals a decline is in process. Hourly Target 150.417 For those of you who think that the Japanese yen is in for a shakeup and a turnaround can hold on to the daily graph...
USDJPY trading in range for a long time on 4 hour chart. Before me also mentioned idea of new Higher-high for USDJPY. Today I also found strong bullish divergence which is good signal for bullish idea.