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I think this will happen in the next few hours. Today. Based on experience from previous interventions, my opinion is based. If that doesn't happen today, then there really won't be an intervention. BOJ is targeting greater yen weakness. Thank you
The USD/JPY pair witnessed a dramatic intraday turnaround and tumbled over 570 pips from levels beyond the 160.00 mark, or the highest since October 1986 touched earlier this Monday. Although an official announcement has been made so far, the possibility of an intervention by Japanese authorities to support the domestic currency was cited as a key factor behind...
by respecting this level price will keep falling to target
On USD/JPY, it's nice to see a strong sell-off from the price of 159.300. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the...
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
Many people get bogged down by focusing on small time frames. Now let me introduce the annual schedule, which is a huge deal breaker. Prices reversed course in 2011 and have been bullish ever since. Here we can see that the price is basically retracting at 161.8%. We could see a lot of selling on the 100% extension, which could test new support. To confirm this,...
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
Dear Traders, we have Strong Resistance around 156.600-157.000 seems BOJ will Start big correction at this level ! what you think about my idea? Dont Forget like&Comment please ! regards Alireza!
Because the Bank of Japan intervened to weaken the yen. So we are waiting for today's NFP press release and prices are calm. The price is technically below the dynamic resistance level, but the average deviation is too large, so the price may retest the dynamic resistance level of 155.000 and start to fall along with the target level of 152.000. Sum up Entry =...
Based on the daily chart analysis, we can see that the price is falling to our buy entry at 151.84, which is a pullback support that aligns with the 61.8% Fibonacci retracement Our take profit will be at 158.38, a swing high resistance. The stop loss will be placed at 148.38, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs...
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...
The analysis is based on the attractive magnetic force, which in turn attracts the price to it if it meets certain conditions!!! This knowledge is not available to anyone and is something I have reservations about? We will soon see the price response to this event
Pair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as Correction in Short Time Frame Fibonacci Level - 161.8%
On the 4 hour chart we have a shift of market structure from bullish to bearish. As we await the release of NFP data, my view is a bearish continuation irrespective of the magnitude of NFP data.
Might see a drop going for wave 3. Current wave seem like wave 2.
"Japan faces a tug-of-war with yen bears" says the recent Reuters article on this topic, which has had a lot of articles in the recent buildup to the BOJ intervention. What it basically implies is that professional traders have embarked in a money making roller coaster pushing the USDJPY higher knowing full well that the BOJ will step in and bring it down...
i sell it coz even when dollars down he not down and so many ti_me BOj talk about to intervene. i think they will do soon and if not a big pullback have to happens u can put ur stop lost at 155.6 if u want a bertter RR but i scare about a big leg up