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...
The inverted cup and handle here is pointing to a serious drop, if you consider the destination of the measured move target.
we can see price was consolidating in this triangle formation for some time and price is starting to break away from this area... will look to target 1/2 risk reward we have price breaking through the bearish divergence that we can see on the rsi,,, information shared is for educational and demo purposes only,,, trading is risky and one can lose some or all...
I think price will go for the liquidity at that level. This is coupled with fact that prices have pushed up for very long, and price really needs to breathe. What's your thoughts? Follow if you found value ❤️
FX:USDJPY This pair is forming a symmetrical triangle pattern. Here's our advice: Buy with TP 152. We'll set 150.7 as the SL.
As indicated on the chart, USD/JPY has formed a bullish flag pattern. Upon closer inspection, it has tested the order block area extensively and undergone a minor phase correction before the breakout.
USDJPY seemingly routine trades can upset the delicate balance between supply and demands with fewer traders around to absorb buy and sell orders Hence exercising caution is highly recommended for these
USD/JPY analysis: Gearing up for a breakout? USD/JPY analysis: Watch out for Japanese intervention, Tokyo CPI and US core PCE inflation data Dollar rebounds after a weaker start USD/JPY technical analysis point to a bullish breakout. Should the USD/JPY break higher, as we suspect that it might, then the next stop could well be the next round handle at 153.00....
The chart is looking explosive across all timeframes. USDJPY looks ready to move significantly higher, and the impulse could be quite strong. Although this triple top could end up being a trap once the market sweeps the highs, I have a hard time imagining that the market will stop soon and reverse given its structure.
Recent remarks made by Masato Kanda, Japan's vice-finance minister for international affairs, have led to heightened cautiousness regarding potential actions by authorities to support the yen through intervention. The USD/JPY has comfortably surpassed the 150.000 threshold, which historically has prompting interventions by the Bank of Japan to limit the weakness...