There is significant resistance, thus this is a cautious buy. Hourly chart shows USDJPY consolidating. Expect trend continuation. I may be getting in early. 4Hr: D: W:
Long time since my last idea. I am using price action and OB. Hope it works
USDJPY has been the story of the day. No imminent tightening hints from BoJ 'hawk' Tamura left USDJPY drifting higher, the pair nudged to highest levels since 1990. The move drove a response from Finance Minister Suzuki who said they will take "bold action" if needed, language we haven't seensince from him 2022. This is the second escalation this week after Kanda...
USDJPY SELL | In-Depth Day Trading Analysis Greetings Traders, let's dive into a comprehensive analysis of the USDJPY pair. I anticipate a potential further decline within this range in the near future. This presents a compelling SELL opportunity for USDJPY traders. After conducting thorough analysis, I am confident in the validity of this viewpoint. Your...
the DXY is regaining strength looking to break the recent high and the yen is currently pulling back but is expected to tank as it is still in a downtrend price is showing rejection off of support that used to be old resistance so I am looking to take this pair Long
The Japanese yen has edged higher on Wednesday. In the European session, USD/JPY is trading at 151.17, down 0.26%. The Bank of Japan raised interest rates last week for the first time since 2007. The move marked a sea-change in monetary policy. However, the tightening has not translated into gains for the Japanese yen, which remains under pressure. Earlier today,...
USDJPY is continuously making higher high and higher low. I have to get inside the current trend and avail my profits. Lets see how it turns out.
USD/JPY, H4 27 March 2024 The USD/JPY pair touched its weakest level against the U.S. dollar for the third time, nearing the 152.00 level, following Japan's first rate hike since 2007. The Japanese Yen has approached intervention levels last seen in 2022, prompting speculation of potential currency intervention by Japanese authorities. The Japanese Finance...
Usdjpy broke structure to the up at 151.412 and has also grabbed external liquidity, why trying to grab the external liquidity it form a form of a trend line liquidity internally which is been indicated with a ($) symbol. The trend line liquidity that is form internally we will grab into the demand zone which is my point of interest indicated with the sky blue...
USDJPY - Time of Truth The price violated 150.85 like the knife in the butter. All this movement was related to the FOMC that is still expected to share any hawkish signals through the Interst rate projection. However the most important part of this movement was related to the fact that BOJ Increased rates after a long period of time but according to the market...
Third touch and rejection of 151.80 (1st confluence) Engulfing of the previous candles(2nd confluence) Impulsive break of previous low (3rd confluence) I see no reason to hold back. Trade Idea : Sell Stop (waiting for rejection and continuation) SL - 151.35 Entry - 151.05 TP - 150.05
See previous post for analysis 🔥 Follow if you find value❤️
Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 151.249. Taking into consideration the structure & trend analysis, I believe that the market will reach 151.039 level soon. P.S Please, note that an...
as i have said my analysis are never wrong execution on usdjpy has hit/confirmed
FX:USDJPY USD/JPY corrects toward 151.50 after hitting three-decade highs USD/JPY is correcting from three-decade highs shy of 152.00 in the European session on Wednesday. Dovish BoJ's commentary drove USD/JPY to fresh multi-decade highs but Japan's Finance Minister's verbal intervention triggered the latest leg down in the pair . USD/JPY is the forex ticker...
Waiting for retracement to the Daily Demand Zone to take long opportunities again , for now we don't trade.
USDJPY is set to finally drop after the BoJ declared a dovish interest rate since 2007. The institutional investors has grabbed all orders and is set to drop massively . 151.944 Is the weakest level of yen since 1990. A sell opportunity is envisaged from the current market price
The recent weakness in the yen, which comes despite the Bank of Japan's first interest rate hike in 17 years, has prompted warnings about possible Japanese government intervention. The warnings, especially comments from Japan's top currency diplomat Masato Kanda, helped stabilize the yen. For now, the focus is on upcoming consumer inflation data from Tokyo, due...