Lock in your entry for USD/JPY at 155.12, perfectly poised at the 61.8% Fibonacci retracement and just steps away from the 100-period EMA at 155.16. This convergence offers a strong technical base for a bullish reversal, in line with the ongoing bullish sentiment in the market. The precise entry point boosts the risk/reward ratio, making it an excellent...
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was weaker than the market estimate of -15.%. On a quarterly...
Market trend is down so I think this week falling the price so let's see the market what happened guys
Price is rising towards a resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci projection and could potentially reverse from this level to our take profit. Entry: 156.58 Why we like it: There is a pullback resistance level which lines up with the 61.8% Fibonacci projection. Stop loss: 158.25 Why we like it: There is a pullback...
My dear subscribers, USDPJPY looks like it will make a good move, and here are the details: The market is trading on 155.69 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 155.55 About Used Indicators: The average true range ATR plays an important role in 'Supertrend' as...
Today gonna be watching out for the ninja. Overall Bullish bias so will be waiting for a sweep of the Asian accumulation and hope to get an entry inside the discount PD array and the buy side imbalance sell side inefficiency. Better Stops after we get an entry. Targets will be on the daily highs. NB: haba na haba hujaza kibaba
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🏃♂️ USDJPY is moving in an Ascending Channel (in the Daily time frame ). 📈Regarding Classical Technical Analysis , USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern . 🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern . 👑 Position : USDJPY Position: Long Entry...
Dear Traders, it seems correction finished, and we will have rally to LL i expect price start downward movement to 147 , what you think about my idea? regards, Alireza!
Preferred direction: SELL Comment: The Japanese yen , like the franc in the past, perfectly worked out all our previous trading ideas. Sell-priority for the American currency remains, and at the same time, for the USDJPY currency pair we also expect a fall to the level of 153.222 . Here we consider two scenarios. Scenario №1 involves shorting from the...
USDJPY - 24h expiry Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible. As this corrective sequence continues we look to set shorts on a rally at better risk/reward levels. The hourly chart technicals suggests further upside before the downtrend returns. Risk/Reward would be poor to call a sell from current...
USDJPY has been on an uptrend the last 2 weeks but am seeing two possible case scenarios, if price touches 157.937 area we look for sells if price respects it.But if we go down ill look for buys at 154.101
The absence of currency intervention will change the divergence of monetary policy towards the US dollar By examining the trend in the four-hour time frame, USD/YEN, while maintaining the important support interval in the range of 154.33-153.74, can increase to the resistance range of the ceiling of the ascending channel in the range of 161.30-160.21.
USDJPY is neutral on its 1D technical outlook (RSI = 53.858, MACD = 0.730, ADX = 52.633) and is rebounding after almost the second 1D MA50 test in 2 weeks. The pair is capitalizing on the bullish momentum of the 1 year Channel Up but this rebound could be the last before a correction, as the price is very close to the HH top trendline. Our goal is still that top...
Looking for a buy opportunity. Reason to Buy: 1. waiting for a breakout and retest of downtrend line 2. making 'W' pattern in 5 and 15 minute chart. Use proper risk management. Thank you
A possible drop on this pair, Mornitor the zone on daily and see if there's a possible drop from that area
Looking for a sell opportunity, if it break the support line and trendline. Waiting for a breakout and retest, then i will again enter into the sell trade. Use proper risk management. Thank you
There is a potential trend reversal on the daily timeframe. Stop loss: 155.959 Take profit: 152