Hello Everyone, The bullish sentiment for USD/JPY persists, with attention directed towards the durability of the 1D/1W support framework. Confirmation of further upward momentum hinges on establishing a firm position above the 1D Pivot Point (PP). TradeWithTheTrend3344
Usdjpy at a major level of resistance sp i decided to short with a 1:3RRR *Usdjpy shorts eveerytime price gets to this level
Although still strongly affected by developing predictions for the funds rate this summer, whether and when the Bank of Japan or the Japanese government might intervene to support the yen has been a more important intrigue for dollar-yen in recent weeks. Despite the BoJ’s exit from 14 years of negative rates, many participants expect the current loose policy to...
On Monday the Dollar Index hit its highest level since mid-November, driven by a jump in yields on US Treasury bonds. But the dollar has fallen quite sharply since then. However, it’s the Japanese yen that remains the main focus in FX. The USDJPY continues to consolidate near multi-decade highs, just below 152.00. We have heard several warnings from senior...
There are previous levels that when reach the Buyers are billing the market off of. Trading lows with buys as the market as trending to go up.
Buying USDJPY on 15 min TF. We have 15 min divergence and daily up trend.
USDJPY New OUTLOOK The price may touch its support line at 150.770 and then reverse again, indicating an ongoing uptrend as long as it remains above 150.770 and 150.070, with targets at 151.80 and 153.07. However, if it stabilizes below 150.07, it could signal a bearish trend towards 148.80. Pivot line: 151.700 Resistance line: 153.07 & 155.77 Support line:...
I want to try this long, 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
My dear friends, Please, find my technical outlook for USDJPY below: The price is coiling around a solid key level - 151.93 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 151.72 About Used Indicators: The pivot point itself is...
Price facing heavy resistance around 152.000, failed to break above. Head and shoulders formed on 4hr tf. Jpy ending negative rates. Intervention highly likely, anticipating a retrace to 150.000. Also USD unemployment was bad today which may trigger a downward leg.
I'm observing a promising ascending triangle pattern for the foreseeable future. As evident, it has encountered resistance on three occasions, indicating a potential breakout. However, before the breakout occurs, a correction is anticipated. The pattern provides insights into our projected targets.
The USDJPY is currently consolidating in a tight range on the 4-hour chart. Depending on how the price reacts, there are two possible scenarios. In a bearish scenario, traders should wait for a bearish breakout on the 4-hour timeframe and a close below the support level at which point a continuation to 150.24 is expected. On the other hand, in a bullish...
USD JPY has formed a Head and Shoulders Pattern at a resistance key level. Confirmation for SELL was Doji and close below candlestick at the right shoulder.
DAILY All we have is consolidation and reversal candles with no definitive pattern. Yet they are pushing upwards, tomorrow we will get the correct direction. 4H Inverse H&S and we still struggling to break the neckline of the pattern, therefore we have no guarantee that we are going up. We broke it but came right back and have been struggling to break it...
Analyzing USDJPY, I've pinpointed a strategic SHORT opportunity. Technical patterns indicate a bearish shift, with the pair forming a significant top and showing rejection at key resistance levels. A bearish divergence in the RSI and a potential crossover to the downside in the MACD highlight the growing downside momentum. The macroeconomic environment reinforces...
Today, USDJPY remains stationary, continuing its sideways movement with little reaction to market news. Currently, the pair is in a consolidation phase, and the 4-hour chart indicates a blocked bullish momentum, lacking the drive to surpass record highs. I'm not inclined towards favoring any direction and will wait for the pair to breach either a resistance or...
Precision Trading Unveiled: A Symphony of Smart Money, Fibonacci, Timeframes, FVGPS, and Displacement In sculpting my trading strategy, simplicity takes center stage as I navigate markets with naked charts, harnessing the power of Fibonacci levels across specific timeframes—most notably, the critical 1-hour, 4-hour, daily, and weekly charts. Diverging from...
Dear friends and colleagues, we are at your service with the chart of the Japanese yen to the US dollar in the daily time frame. As you can see, this symbol has reacted to its historical ceiling several times and is involved in an important resistance that I expect to break. Due to the fact that wave 5 has not yet been completed based on the theory of Elliott...