USD/JPY formed a bullish peanut pattern, indicating potential upward movement. A breakout from this pattern suggests a bullish trend continuation, with traders likely eyeing further gains in the pair.
The US dollar surged on Wednesday due to higher-than-expected US inflation numbers. This led to USDJPY reaching new highs for 2024 and its strongest level since 1990. The March Consumer Price Index report showed persistent inflation in the North American economy, reducing expectations for a June FOMC rate cut. Headline CPI increased by 3.5% YoY, surpassing...
Pair: FX:USDJPY Timeframe: H4 - Medium Term (MT) Direction: Short Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1, H4 and H1 time-frames - Price action may face some resistance from a previous support line - Price is close to 61.8% Fib Extension Level - Aiming for the 32.8% Fibo Retracement with 23.6% as the TP 1...
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Bulls look strong again on USDJPY. After a presumable intervention, the market dropped by 500 pips on Monday. The price formed a bullish triangle on a 4H time frame then. At the moment, I see a confirmed violation of its neckline The pair may keep growing at least to 158.35 now. ❤️Please, support my work with like, thank you!❤️
There have been big exciting moves in the Yen recently. This post will look at some scenarios this may lead to. First, let's take a big overview of historic Yen trends. Since I'm going to be discussing this from the perspective of a pending Yen crash to keep things simple for people unused to Forex quotes I'll use inverted versions of the charts. Because to...
FX:USDJPY Trading Forex and other financial products with leverage is highly risky and can result in substantial losses. Trading in the market may not be suitable for everyone. You need to be aware of all the risks and seek the help of independent financial advisors if you have any questions or doubt
Add volume every 100 pips with a target of 152.67/ The goal is definite, so have capital management... maximum 300 pips of capital management
I think the price recently broke out of the downside range. I expect to continue down, whether it's your retest or the price creates support and then breaks out, or you can use tapering techniques to find a trend pattern
The pair has spiked and very overbought short-term. This includes all pairs relating to the JPY of course, but noting this one the most extreme. we also are above KC and that also suggests we will correct sooner than later, is my personal view. Strategy SELL @ 155.50-156.00 and place SL above 157.17 and take profit near 152.50.
Hello to all our subscribers. Please share your personal opinions in the comments. We ask for your support through boosters and subscriptions. While the Japanese stock market took a day off, the value of the yen plummeted, causing the dollar-yen exchange rate to surge. However, after the surge, there was another sharp decline, which is speculated to have been...
Friends, in the long-term view, you can see that before we had a very long-term view from 150 to 175 Of course, now the price is at 158.30 and I expect a downward correction First, to the region of 157.30 and then to 156.5, and again to collect energy and move upwards and continue on its way.
In the time frame 1d, we see that it has reached the ceiling of the channel and we expect a decline
So far when I read in the MSM, I can say everyone is criticizing what the BOJ and Ueda did on Friday. JPY is free falling with grave consequences. But when I look at the chart, I think what I can see is more like rates going back to normal - in a historical context. I think by next week, the Yen would have finally broken FREE from the lost decades. And I guess...
TP: 160.000 SL: 157.011 In this trading strategy, we present a compelling opportunity for a long position on the USDJPY currency pair, focusing on the 1-hour timeframe. By incorporating key technical indicators such as the Exponential Moving Average (EMA) 200, Moving Average Convergence Divergence (MACD) for trend analysis, and Supertrend for entry signals,...
Life as a USDJPY buyer has been good, as I proposed it may be in my swing long USDJPY thesis. Market is up several 100 pips and it's paying swaps daily just to hold. What's not to love? But it's starting to feel a bit easy. If it keeps being easy, I'll keep longing with tight stops under structure but my current bias skews more towards the short side. Have...
Massive surge in the Yen at resistance and then a follow through drop. The likelihood of a strong reaction in the 160 was discussed in the post below: Question is, what happens now? If that's a true reversal then we're going to see crush and re-crush action in this. Consistently lower lows. Sharp rallies. Crushing new lows. However, if we make a low in...
USDJPY looks quite oversold after a test of an intraday horizontal support. After a false violation of the underlined structure, the price started to grow and broke a resistance line of a falling wedge pattern. We may expect a pullback today, at least to 153.7 level ❤️Please, support my work with like, thank you!❤️