The current selling zone for USD/JPY is identified at 154.42. In this zone, traders may consider executing sell orders to capitalize on potential downward movements in the currency pair. Setting take-profit levels at 153.50, 153.00, and 152.00 allows traders to secure profits at different price points as the pair declines. These take-profit levels serve as...
Consider initiating a short position now at the current price of 154.50 for USD/JPY. Selling at this level anticipates a decline in the exchange rate of the US dollar against the Japanese yen. Set your stop loss (SL) at 156.00 to limit potential losses in case the market moves against your position. This trade offers three potential take profit (TP) levels: TP1 at...
Preferred direction: SELL Comment: All previous long trades that we gave for this pair earlier have been closed. Today we are looking at the long-awaited short that so many have been waiting for. However, everyone needs to realize that we are considering this sell trade more in the short term. The global uptrend is strong and is likely to continue. Looking at a...
National Core CPI YoY: Actual (Act): 2.6% Forecast (Forc): 2.7% Previous (Prev): 2.8% Score (Up/Down): The actual CPI YoY of 2.6% is below both the forecast (2.7%) and the previous (2.8%) figures. A lower-than-expected CPI YoY suggests a slowdown in consumer price inflation, which may raise concerns about economic growth and monetary policy. The...
The USD/JPY is attracting some sellers around the 154.150 level in early Asian trading on Friday. Risk-off sentiment and rising tensions between Israel and Iran are boosting safe-haven flows, favouring the Japanese Yen (JPY). However, strong US economic data and any hawkish comments from Federal Reserve (Fed) officials may limit the pair's near-term gains. 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
USDJPY Price : 154.40 Trend : UP ( Due to the upward channel on Daily chart ) Transaction: Sell Reason : we believe that the current trend is Up trend on Daily, but here is the reasons to expect some correction on prices : 1 - The price has reached to the the resistance ( upper line ) of the upward channel on daily time, that pushed the prices down two times...
Hello everyone! quick update on UJ, Though I posted an idea earlier, I got a notification that my SL has been hit and ended up losing .25%. I re entered in the daily BISI for a long, giving me a turtle soup entry. Same plan to pyramid entry, just need that high to break and be closed above.
USDJPY today is recovering on the 1 hour chart, the price slowly slowed down the price increase and formed a reverse hand -held cup model. The price is currently in the range of 154.40 and is expected to decrease more after the model is completed!
Hello everyone! Just a quick update on UJ, Im very bullish on this pair. Annotations are in analysis. I see 160.44 level being taken in the near future as there is no resistance until that point.
Hello, according to my analysis of the USDJpy pair, there is a good opportunity to buy. The pair appears to be in a positive state with the break of the downward trend, breaking a very strong double-botton pattern, and breaking the resistance at the level of 141,900. All of these factors confirm a strong entry for buyers. Good luck to everyone.
I am Bullish on UDSJPY for a small trade if its cross it's R2 You can go for a long with given levels for a good profit
USDJPY Trend Continuation Trade after pullback 1. Weekly Long Trend 2. Price above 2 MA's 3. Price above 200 MA 4. Currency Strenght Meter confirmation 5. Trend Following Indicator Confirmation 6. Big Bullish Momentum Candle 7. PSAR Entry Signal 8. Clear Structure Hold and continuation on H4 9. Strong USD Economic Environment 10. 2% Risk, 3:1 R:R 11. Exit on...
Hi there, After a bullish rally in GBPJPY we are watching a flat pattern, you could open short position on 189-189.5 or with your triger in this level with the TP1 185.2 and SL is 191.2 . We glad to see your opinion.
Hello Everyone, The USD/JPY has surged to a fresh high at its current price. Currently, the price is positioned above the daily pivot point (1D PP) and support level, suggesting a possible continuation if consolidation occurs above the 1D PP. Conversely, should consolidation take place below the 1D PP, there's a chance that weekly support levels will come into...
The FED is either: A. Going to be hawkish and provoke a mini-meltdown before another FED speaker comes out next week and hints at rate cuts in June for sure. B. Going to be dovish Either way, USDJPY will fall to 97 area, bringing a roar of inflation back into the limelight. People will think it's the death of the dollar, but what happens here is the opposite...
The strong recovery of the USD/JPY pair is attracting attention, reflecting Japan's intervention to temporarily address the weakness of the Japanese Yen (JPY). Technically, on the chart, the strength of the upward momentum is clearly evident. The Relative Strength Index (RSI) is stabilizing around the 60 level, indicating a significant upward trend of this...
The USD/JPY pair is currently demonstrating a strong upward momentum, attracting significant attention from investors. This increase is driven by momentum from Japan, particularly through interventions by the Japanese government and the Bank of Japan (BoJ). Looking at the chart, we observe that the Relative Strength Index (RSI) is trading above the 60 level, a...