USDJPY is falling towards a key support level and could potentially reverse from here. We could see price bounce up to our take profit target. Entry: 138.710 Why we like it: There is an overlap support that aligns with the 23.6% Fibonacci retracement Stop Loss: 137.702 Why we like it: There is an overlap support that aligns with the 38.2% Fibonacci...
I took my long out earlier tonight. I might miss a bit of upside but my gains were starting to melt a lil' too much. I am neutral right now. I just wanted to point out a few other examples when there was a SOLID drop just short of the pivots above. We never know. Sometime it is good to be hardcore while dictating to the market where we want it to go to get our...
Long position on OANDA:USDJPY Interest rates on US dollars are rising globally, at a very rapid rate. Capital has been flowing towards the United States for the last couple years, as a global flight to security occurs as fear rises in markets during times of turmoil. Because the US Dollar is the reserve currency of the globe, debts backed by US...
Rally in USDJPY from 1.16.2023 low takes the form of a 3 swing and about to reach the extreme area. The 100% – 161.8% Fibonacci extension form 1.16.2023 low comes at 140.4 – 147.1 where sellers can appear. This suggests that USDJPY is close to the time window where pair can see at least a 3 waves pullback. Short term, USDJPY’s rally from 5.4.2023 low is in...
As we navigate through the ever-evolving world of technology, it is becoming increasingly evident that artificial intelligence (AI) is the driving force behind some of the biggest players in the market. Companies such as NVIDIA (NVDA), Microsoft (MSFT), Google (GOOG), and Meta Platforms (META) have all implemented AI strategies that have propelled them to the...
Here is my view for USDJPY on H4. The price could go bullish, you can put a pending order on the Order block or find an entry on LTF within OB Zone. Trade Safe!
Hello traders, Wave 5 is supposed to end at 144.230-144.330 zone. Then ABC Correction is supposed to materialise towards the support zone at 133.050. Thanks.
This is my analysis on UJ. On the monthly time frame, price is rising to possibly form a double top, which only means a massive reversal to the downside. I am currently looking for long positions to reach the imbalance candle on the Daily time frame. Trade at your own risk.
USDJPY has been uptrending rather strong for quite a few weeks now. Its common that you'd like to go go against the trend, however, the only way to learn how to trade reversals is to trade them. Price presented a volatile shooting star for the close of Thursday. (4H). The daily had some wick action also. The 1H had a moving average crossover to the downside before...
Weak dollar means sell for usdjpy ..market hit a peak and buy structure is not strong enough,so I'm expecting price to push back down for a retest on previous resistance
Hello traders remember this trade well it worked out perfectly since it came back to do a retest and we have seen the price rise in the resent hours
as we know that Japan's significant debt burden has been a cause for concern, resulting in a weakened currency. Moreover, the recent rise in inflation within Japan, coupled with the continued implementation of negative interest rates by the Bank of Japan and high taxes, has further intensified the challenges faced by investors. In light of these circumstances,...
#USDJPY... market just hitt your expected target 140 plus ... Congratulations to all followers .. Now market is going towards his resistence area 140.90 .. It will play key role for next move to anyside ... Trade wisely Good luck
As per my anaylsis i can see on daily yimeframe UJ is making a bearish BAT pattern i hope it play out. NFA
Based on the H4 chart analysis, we can see that, price is currently at our sell entry at 139.40 which is a multi- swing high resistance level. Our take profit will be at 138.13 which is an overlap support level. Stop loss will be at 140.89 which is a pullback resistance level. Addiontaionlly, The Relative Strength Index (RSI) is also displaying bearish divergence...