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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
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging AC...
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...
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging from...
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...
USDJPY is about to break from this range any time now. .
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.
When chart breaks 151.796 and does a reversal from the level we can plan a trade of 1:3 Risk/Reward Ratio with target 151.935
Hello Traders.. We are taking a look at a different Pair today. The Monthly timeframe and Weekly timeframe really pushing the highs of the range over here. Will CPI be the catalyst to Spaceship us out of the range finally? Or do we still need some more time to gather liquidity and pullback. We pulled back today, Tuesday April 9th, as buyers got gun shy and Sellers...
FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....
FX:USDJPY Preference: With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low. Alternative Scenario: With multiple rejections above the highs, liquidity retests above the highs are also possible....
The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US...