The USD/JPY currency pair is currently in an extremely sell zone or supply zone, with historical data indicating a range between 151.8 to 152.2. This suggests that there is significant resistance in this area, making it challenging for the pair to move higher. Traders typically view historical supply zones as areas where selling pressure is likely to increase,...
USDJPY has strong positive swaps and the potential to go into a sustained uptrend if we can break the next level of resistances.
See full swing analysis here:
As such, I am really interested in buying the obvious long signals into support.
If you follow my work, you'll know my fave retracement pattern is the 76 correction. This has filled, triggering a long here.
Greetings !
The setup:
-RMI (Range Manipulation Initiation)
-An increase in liquidity.
-An interesting area.
-Optimal Fibo (OTE).
-No counter-trend.
- FVG (Fair Value Gap/Imbalance) *Optional
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USDJPY is currently in a bullish trend.
Price is forming a bullish flag rectangle, indicating a potential continuation of the uptrend.
The pair is finding support at the 50% Fibonacci retracement level, adding confluence to the bullish bias.
What you guys think of this idea ?
The trend in this pair right now is bullish, but the most normal thing is to look for bearish reatracement.
At least for today and tomorrow my thinking is to look for sales but with small lots.
blessings,
thks.
USDJPY - Japan's MOF, FSA, and BOJ to hold URGENT meeting
Japan's MOF, FSA, and BOJ to hold meeting to discuss financial markets
USD/JPY sees a bit of a quick dip to just under 151.50 now as this sudden meeting is called. It will take place in a little over 10 minutes from now with Japan top currency diplomat Kanda to brief the media after.- as reported by...
The USD/JPY posts minuscule losses following the release of the US Core Personal Consumption Expenditure (PCE) price index, the US Federal Reserve’s preferred inflation gauge. Data came as expected with prices continuing to trend lower, though at a slower pace. The major trades at 151.25, down 0.09%.
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
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 strong bullish...
UPDATE
4H
We are still consolidating and this is not the time to enter but rather the time to wait for a breakout of either direction.
1H
We are in the middle of a channel but we are consolidating. If we follow the possible formation of the channel we expect a bull run to 152.20 which will be a break of the highs and a point to look for trades to...
USD/JPY is consolidating under the resistance zone. it's alarming that the 152 zones will be broken soon.
It has been 3 times when the price reached the 152 zone and every time we see the reaction becomes smaller and weaker.
This is not a buy signal because maybe BOJ is attempting to manipulate the market.
Our technical view has been shown in the chart.
If you...
Based on technical analysis, the USD/JPY market is currently in a phase of consolidating its upward trend.
Furthermore, the chart indicates that the oscillation range has not reached overbought levels, suggesting potential further upward movement for this currency pair.
Specifically, surpassing the resistance level at 152.00 could pave the way for a breakout...
#USDJPY... well guys market consolidate from last couple of sessions, and upside we have 152.00 as major important resistance of the months, weeks and days,
keep close that level because if market break that level then a straight move expected to upside,
keep close it and dont be lazy here.
good luck
trade wisely
