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SELLING zone for the USD/JPY pair is at 152.70. Traders may consider placing their take profit orders at 152.00, 151.50, and 151.00 to capitalize on potential downward movements in the exchange rate. These levels represent strategic points where traders aim to lock in profits as the price declines. Additionally, it's prudent to set a stop loss order at 153.30 to...
USDJPY is still continuing to adjust upward as expected, currently the important conversion resistance level around 156 is being approached, this is the price area where we are looking to sell, please pay attention to the signals here as the price approaches, Consider reopening short positions if reliable bearish signals appear, especially on the daily...
Price to make a retest to the Resistant level above and move all the way down
Technically speaking 155-156 area acted as a critical support for a movement towards 160 last week. testing 156 and loosing momentum was the name of the game for UJ at this current moment. there were rumors of BOJ being the one selling UJ from 160 area and this has reduced bulls confidence. if 156 proves to be stiff , there might be U turn from here towards 152...
One of the currency pairs that appears to be showing bullish signs today is USDJPY, following a test of an important horizontal support level. The price broke above a resistance line in a falling wedge pattern and also surpassed a strong horizontal support level. These two bullish signals suggest a likely continuation of the upward trend. The potential...
Looking for a buy signal. Reason to buy, break the pullback price. Taking 1.1 risk ratio. Use proper risk management. Thank you
A key week reversal is a significant signal indicating a potential trend reversal. This pattern is identified by a large weekly price range that completely engulfs the range of the previous week. Additionally, the closing price of the key week is below that of the previous week. In the context of USD/JPY, the failure near the historical peak of 160.40 from 1990,...
Summary of Opinion: The Bank of Japan's (BoJ) opinions indicate that many key members advocate for a Japanese interest rate hike as inflation may persist longer or even surpass the target. The release of the Bank of Japan's Summary of Opinion document this morning revealed the possibility of Japan raising interest rates earlier than previously estimated. This...
As we discussed in last analysis, Price hit our target. Thank you
Good day Traders hope you are all well this is my take on USDJPY feel free to comment
Price is set to drop as it’s seen trading around 155.556 level. A sell opportunity is envisaged from the current market price in h1 timeframe
USDJPY ON A SELL this pair have a selling oportunity with a very good risk to reward ratio, DUE to the following confirmation 1. fib retracement on the last fib drawn, the pair is on a have reached a retracement level of between 50% and 61.8% at the price 155.165 2.formation of a SWINNG HIGH at H1, 30min & 15min timeflames which seams to be the best entry...
✅USD_JPY is set to retest a Strong support level below at 151.800 After trading in a local downtrend from some time Which makes a bullish rebound a likely scenario With the target being a local resistance above at 154.520 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Looking for a sell opportunity. I saw the M pattern in 15 minute chart. Use proper risk management. Thank you
Here's a bullish technical analysis for the USD/JPY pair based on the latest H4 chart: - *Moving Averages: The current moving averages on the H4 chart suggest a mixed sentiment. While the MA10 is indicating a **buy* signal, the longer-term moving averages like MA50, MA100, and MA200 are showing *sell* signals. This could imply that there's potential for a bullish...
USDJPY has been falling since Monday after making all time high of 160,price tried pushing up again but fell after forming a double top. am seeing possible buys at around 151.450 with our target being 154.490