I want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own research
In the USDJPY 1-hour chart, Elliott Wave Theory suggests a SELL opportunity is developing. The chart displays a completed impulsive sequence from points (1) to (5), followed by the start of a corrective phase. The completion of wave (5) at a significant high implies that the market is now in the corrective stages, traditionally consisting of an A-B-C pattern....
Dear Traders, Hope you are doing great, right here we have an excellent opportunity of buying USDJPY, JPY plummeted few days ago as BOJ kept the interest rate as the same and decided not to change. Leading a heavy sell off on YEN. However, price did make strong correction right after the sell off, though we think it was temporary correction. Right now price is at...
In the H1 chart of USDJPY, it is evident that the price rapidly dropped by 300 pips, creating a new supply level. Gradually, the price retraced back to this level, which presents an excellent opportunity to initiate a sell position on the first touch of the price.
USD JPY failed to test 137.5 support after 2023 and entering 2024 it quickly came back to test its resistance at 152. this shows things have changed from what we were expecting in 2023 and its changing quickly. will 152 break? price is moving quickly towards it and we might see small draw backs but good readings on US economic data just fueled the movement....
The Japanese yen recently hit its 20-year low, prompting intervention from the BOJ. This is probably not a one-time action, and we may observe similar dynamics in the upcoming days. Yields of 10-year bonds in Japan continue to grow, while 30-year Treasury bond yields in the US are consolidating. Despite the increased "haven demand" (the US dollar), the Yen may be...
The Japanese Yen (JPY) has faced significant depreciation against the US Dollar (USD) amid contrasting monetary policies between the Bank of Japan (BoJ) and the Federal Reserve (Fed). This article delves into the economic drivers behind this volatility and its potential global impact. Key Points: - Monetary Policy Divergence: The JPY's weakness is driven by...
Many focus on the small timeframes and get stuck. I come and present the yearly timeframe which is a huge dealbreaker. Price came at a reversal in 2011 and ever since has been bullish. Here we can see price is essentially at the 161.8% retracement. We can see a heavy sell toward the 100% extension which can potentially be tested for new support. To confirm this...
BUY USD If we have positive data in PMI and NMI, we can say that the trade for the week and even for the month is BUY the dollar.
The Yen has taken quite a beating this year, but upon analyzing its price action I noticed it is currently inside a falling wedge which usually breaks upwards most of the time, so perhaps this pattern can help rescue it from further demise. We will know soon enough as its nearing its apex. *not financial advice*
Placing a buying order on this negative candle as I believe there are a few traders starting to few pain now, hoping to get out of their current position.
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...
..n,o comment it will fall before friday 3 may at end of week its too much i got stopped on my first trade and with the move he done friday i willing to get back my loss + many profit so this trade is not 1 lot but 5 lot !!!!!!!!
Might see a drop going for wave 3. Current wave seem like wave 2.
this is the direction from the analysis recieved during a clear direction
The Japanese yen is lower on Tuesday. In the European session, USD/JPY is trading at 156.88, up 0.34%. It has been a relatively quiet day for the yen after massive movement over the past two days. On Friday dollar-yen jumped 1.7% and broke above 158, but the real drama unfolded on Monday, when the yen went on a wild ride that saw it swing more than 550 basis...
On a fundamentally driven day, price has just broken out of a key technical level. Here are my thoughts on the setup & how you can take advantage of it from both a technical and fundamental perspective. If you have any questions or comments please leave them below. Akil
The USDJPY is trading positively and continues to rise above 156.921. If it can stabilize above, it will reach 157.635. Trading above 157.635 will uptrend until 158.315. reversing and stability below 156.921, will reach 156.304. Tendency: Long 156.921 Target station: (157.635, 158.315, 160.315).