USD/JPY broke ascending triangle pattern at the 152.00 Resistance level per my last analysis. Since then, we have seen the completion of the measured move to 154.500 followed by a third leg up to 158.350! Is this the moment to long? Or are we in for a hard sell-off? Previous Analysis: How do we trade this? 🤔 I would not long the market open. After a strong...
The yen jumped to a two-week high against the dollar yesterday amid speculation that Japanese financial authorities would step in to support the currency for the second time in a week. This was the USD selloff that followed the FOMC meeting, with USD/JPY rising to 153.000. However, the yen pared some of its strong intraday gains and continued to fall during Asian...
..n,o comment it will fall before friday 3 may at end of week its too much i got stopped on my first trade and with the move he done friday i willing to get back my loss + many profit so this trade is not 1 lot but 5 lot !!!!!!!!
Overview: The USD/JPY pair has been exhibiting a strong bullish trend over recent weeks, as observed in the series of green candlesticks. The most recent data indicates a pullback, with a red candlestick signaling potential short-term reversal or retracement. This analysis will leverage various technical indicators and market data to predict future movements and...
I want to try this sell, 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
The Yen has taken quite a beating this year, but upon analyzing its price action I noticed it is currently inside a falling wedge which usually breaks upwards most of the time, so perhaps this pattern can help rescue it from further demise. We will know soon enough as its nearing its apex. *not financial advice*
As I had mentioned some week back, the pair was heavily overbought, and intervention made a large scale move lower touch 154.50 area from the lofty highs 160s. It addresses the issue of CB being active again, and one should not underestimate the power of BOJ. Market still has appetite to SELL JPY and for that reason the strategy is as follows. Strategy SELL @...
This year JPY hit new lows across the board in last few weeks even though BOJ decided to end its ultra-loose policy, by raising rates for 10bp in March. USDJPY broke higher, out of a triangle on a daily chart, so we know that this is most likely final leg with a higher degree wave III/C. In fact, there was a nice push up to 160 resistance not seen since 1990,...
USD JPY failed to test 137.5 support after 2023 and entering 2024 it quickly came back to test its resistance at 152. this shows things have changed from what we were expecting in 2023 and its changing quickly. will 152 break? price is moving quickly towards it and we might see small draw backs but good readings on US economic data just fueled the movement....
There is a possibility of making inverted Head and Shoulder pattern in 5 and 15 minutes chart. Looking for a buy opportunity. Use proper risk management. Thank you
The Japanese yen recently hit its 20-year low, prompting intervention from the BOJ. This is probably not a one-time action, and we may observe similar dynamics in the upcoming days. Yields of 10-year bonds in Japan continue to grow, while 30-year Treasury bond yields in the US are consolidating. Despite the increased "haven demand" (the US dollar), the Yen may be...
On Monday 29/04/2024 the Bank of Japan intervened against the Yen decline. At the writing of this idea price are calm since we are awaiting the NFP news release today. Technically price is below the dynamic resistance on the four chart, however the mean deviation is too great therefore price are likely to retest the dynamic resistance at 155.000 and start...
Descending triangle is forming indicating a possible bearish continuous trend. This is not a Financial Advice just DYOR
USDJPY long term bias is still bullish. As USD is strengthening with JPY is weakening. Price pullback to previous support level and reject from the support. It had formed a ascending triangle. The ascending triangle was broken through the resistance level. Set a long trade. targeting the weekly swing high.
Identified great Inverted Cup and handle formation and it trigger both targets as soon its break the neckline and now its doing a retracement. I am still suspecting it will be back from 0.006 price level which is a major resistance below the neckline and may proceed ahead with continuous downward trend.
The Japanese yen (JPY) jumped to a two-week high against its U.S. counterpart on Wednesday amid speculation that Japan's financial authorities stepped in again, for the second time in a week, to support the domestic currency. This came amid a sell-off in the US dollar (USD) following the FOMC meeting and took the USD/JPY pair to 153.000. The yen, however, trimmed...
The Japanese Yen literally collapsed today to levels above 160 Yen to the dollar. The Bank of Japan had no choice but to intervene in the market. And the bank actually acts with a strong intervention towards the end of the Asian session. The yen had reached as high as 160.32 (USDJPY), after which strong intervention by the central bank lowered the rate to 155-157...
In Tokyo next end of June for a few weeks, anyone got recommendations for places to go and things to see? Betting COVID gone and JPY weaker.