Hello wonderful friends of Ralph Benjamin Let's look at the trends and discuss the next strategy for today! Overall, USDJPY has experienced significant price conflict (indicated by a previously broken resistance line in the market cap-expanding bullish channel) with price gains moving past the 150.00-151 level .00. It is currently trading at a new high of 151.74,...
USDJPY has approached a strong resistance level and have failed to break it, therefore I will taking a sell from 151.607 down to 146:617. Note these results was gotten based pure price action, always use proper risk management Goodluck and let me know your opinion on the comment section.
Anyone looking at UJ? I will be looking for strictly a buy. What do y’all think?
USDJPY - Waiting For BOJ Intervention - Boring Situation 🚨 BOJ representatives are sending other messages even today. So far we have only seen comments from them. Let's hope the big wave happens soon. I think the exchange rate situation is a big problem for them as it affects the economy in general. As long as the exchange rate does not move relative to the...
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any
Hello traders, Wave 5 has probably ended at 151.972 zone. ABC Correction is aimed at getting to 147.490 zone. Thanks.
Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 151.500 zone, USDJPY is trading in uptrend and currently is in a correction phase in which it is approaching the trend at 151.500 support and resistance area. Trade safe, Joe.
Over the past two weeks, the USD/JPY currency pair has experienced relatively little volatility, maintaining a stable level. However, notable is the robust growth of the US Dollar (USD), which has propelled the USD/JPY pair to recover from lower price levels and reach below the 151.00 threshold. Meanwhile, technical indicators such as the Relative Strength Index...
The Japanese Yen (JPY) is striving to leverage its strength to reach its highest level in over two weeks. However, the strength of the US Dollar (USD) has prompted a strong recovery in the USD/JPY currency pair, surpassing the 151.00 threshold. This breakthrough indicates a short-term downward trend, as a crucial support level has been breached. Despite the...
USD/JPY FORECAST 2024 The Yen could receive support from the BoJ if it indicates a shift toward ending its ultra-loose monetary policy stance, potentially through a rate hike that would mark the end of seven years of negative rates. Governor Ueda and Deputy Governor Hino offered some comments about it in December. Rumors and speculations in that direction would...
My dear friends, Please, find my technical outlook for USDJPY below: The instrument tests an important psychological level 151.60 Bias - Bearish Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 151.38 About Used Indicators: Super-trend indicator...
Hi All Price has been ranging within a strong Weekly, Daily & 4 Hr demand zone each time the rejection has been getting smaller and smaller. I believe it is now consolidating ready for a break and retest of the zone before pushing higher potentially towards the 155.00 price range. It may break straight out of the zone or retrace back down to 150.00 price area to...
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USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data next week to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a...
Trade recap and trend analysis for the upcoming week.
You will recall that the Bank of Japan (BoJ) increased its Policy Rate to +0.00%/0.10% in March, pulling the rate out of negative territory. While many, including the Research Team at FP Markets, expected the Japanese yen (JPY) to rally on the back of this, we instead witnessed a fall in the currency, consequently drawing the USD/JPY higher. Many desks labelled...
If we get a correction of price to 149.135(discount level ) it could provide a potential buy opportunity . Buyers are still holding their buy positions intact. Entry: buy limit Entry price : 149.135 Stops : 145.531
USDJPY closed 151.600 market price (Key area). Now that we are at the key area on a friday close, on Monday market open we will wait for a bearish violation candle which will lead us to a bearish trend next week. Sell stop at 151.416 Stop loss at 151.993 Tp at 150.183