USDJPY's Elliott Wave analysis reveals we might be on the cusp of a bearish correction. Following the completion of an impulsive wave pattern, the pair is showing signs of entering a corrective phase, potentially marked as wave (a). The completion of wave (5) and the subsequent downward price action hints at a downtrend, with Fibonacci retracement levels providing...
USDJPY Potential Sell Opportunity Technical Analysis USDJPY is currently trending upwards on the monthly chart, but price is nearing a significant monthly point of interest (order block) which could act as a strong resistance level. Fundamental Analysis Tomorrow's economic events carry significant potential to impact USDJPY: 1. Weakness in China's economic...
USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. From a technical perspective, the post-US CPI breakout through a...
USDJPY is trading in the ascending channel, making higher highs and higher closes. The price broke out of the accumulation range and reached the channel boundary. We expect a re-test of the support level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Traders, In today's trading session, our sights are set on USDJPY, where we anticipate a potential buying opportunity around the 153.500 zone. USDJPY remains entrenched in an uptrend, presently undergoing a correction phase as it nears the pivotal support and resistance area at 153.500. Diving deeper into our analysis, let's explore the fundamental landscape...
As we mentioned before price now is touching our major resistance zone which is form here based on Fibonacci levels and we are looking for a heavy dump here and also we have an open high-risk short now with 1:4 RiskReward. DISCLAIMER: ((trade based on your own decision)) <
Good chance of a retest of the bull flag on the 4hr chart. Theory is, by now many traders have moved their stop losses to breakeven or trapped short traders looking for chance to get out unscathed therefore this create a huge chance for the institutions to drive the market just a little and sweep up them orders.
Price recently spiked to 153.695 and sharply bounced off the zone. This shows the potential opportunities of buyers to push up the prices from that level. A buy opportunity is envisaged once price retraced to that level.
It’s Monday morning and currently, we see price trading at 153.852. USDJPY showed a bullish strength today as it made over 0.6% increase in Asian session . In todays trading session we’re looking forward to price reactions are these levels respectively 1. The $153.852 level which currently serve as a resistance level. 2. The $153.537 currently serves as a...
#USDJPY #SELL 4H rising wedge pattern Divergence in RSI indicator
Yen weakness despite... BoJ Exited negative rates regime Increasing geopolitical uncertainty Gold at historic highs of 2430 In 2022 and 2023, when the USDJPY approached the 152 price level, open/discreet intervention was in place to strengthen the Japanese Yen. However, in 2024, the USDJPY has now surged past the 152 resistance level, with the Japanese...
Hello traders here is this week analysis of USDJPY, as you can see the market broke the resistance zone last week and now it is gouing up but just to be safe I will wait for the market to retest the resistance zone then I will look for long opportunities on the market.
the pair is making bearish divergence and also not breaking the resistence
Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
wait for retest the entry level then take a trade for BUY otherwise skip this setup
Hello traders, Wave 5 is aimed at getting to 155.500 zone. Thanks.
Trade Strategy: Bullish Flag Pattern Key Levels: - Shorting Opportunity: 153.26 - Buying Opportunity: 152.84 Analysis: - Importance: Identifies a potential Bullish Flag Pattern setup - Technical Analysis: Signals a possible continuation of the bullish trend - Fundamental Analysis: Supports the bullish bias for USDJPY Trade Plan: - Shorting Opportunity:...
We patiently waiting on a trendline break to the downside then will proceed to sell NB* accurate