The Japanese yen is showing limited movement on Monday. In the North American session, USD/JPY is trading at 151.25, down 0.13%. Last week’s Bank of Japan was dramatic as the central bank raised interest rates for the first time since 2007. The move did not catch the markets completely by surprise, as some media reports ahead of the meeting said the BoJ would...
Take a look at our analysis for USDJPY. Time Frame: 2h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a significant resistance area 151.191. The market is approaching a significant resistance area 150.533. P.S Please, note that an oversold/overbought condition can last for a long time, and...
💵Pair Name USD/JPY Time Frame : 4 hrs Scale Type : line chart + Candle Stick ------ 🌐 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🔗 Key Technical / Direction ( Short ) Intra Day Type : Mid Term Swing —————————— Bearish...
Japan’s Vice Minister of Finance for International Affairs, Masato Kanda, gave the clearest intention yet that policymakers in Japan intend to intervene to support the JPY, if the currency continues to weaken. Kanda is the policymaker that makes the decision on whether to intervene and so his words tend to carry more weight with FX traders. Specifically, Kanda...
USDJPY idea long position analysis 1hr Pair :USDJPY Position : LONG ( BUY ) Entry1 : 151.300 STOP LOSS @ 151.050 TP 1 @ 151.550 TP 2@ 151.800 TP 3 @ open ( Trailing SL )
The number one rule of being a forex trader is to never be biased. Therefore we have to plans of motion. The bigger time frame supports a sell order that is based of a double top. And the smaller time frame is heading up based of a triangle formation. As a price auction trader we are always taught to always obey the bigger time frame but as someone who always...
In the 15-minute time frame, the trend is bearish. It will probably correct to the bottom of the channel and the price of 151.074.
If you take a close look you can see that USDJPY just broke structure to the upward direction at 151.408 in the 1H time frame and it is currently forming internal higher high and higher lows which creates a TRENDLINE LIQUIDITY ($). But at the moment we will be concentrating at the 30 minute bearish retracement time frame which broke structure at 151.256 and...
If you take a close look you can see that USDJPY just broke structure to the upward direction at 151.408 in the 1H time frame and it is currently forming internal higher high and higher lows which creates a TRENDLINE LIQUIDITY ($). But at the moment we will be concentrating at the 30 minute bearish retracement time frame which broke structure at 151.256 and...
Hello Traders, Base on technical and wave analysis we see this scenario for #USDJPY for next move. let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Unless you've been living under a rock the last few years you have seen the massive depreciation in the Japanese Yen against every other major currency pair in this post I'm going to share with you why I think the BIG reversal in fast approaching. This post is much like the post I did on the CHF at the beginning of the Year where I correctly predicted a major...
Update for USDJPY. As I predicted earlier, the market nicely respected an underlined blue resistance and the price nicely dropped from that on Friday. Analysing a 4H time frame today, I spotted one more bearish confirmation - a breakout of a support line of a rising parallel channel. I expect a bearish continuation to 150.55 ❤️Please, support my work with...
Strategic Outlook for USDJPY Today: The USDJPY pair is currently facing a ceiling under the resistance level at 151.700. The downward momentum seems favored as the Japanese Yen strengthens against the US Dollar, buoyed by Japan's heated inflation data for February, bolstering investor confidence in the Bank of Japan's (BoJ) shift towards policy normalization....
USDJPY: The USD/JPY pair continues to decline, approaching 151.20 during the Asian session on Monday. This movement followed the publication of the minutes of the Bank of Japan's (BoJ) January policy meeting. BoJ board members recognized that the likelihood of achieving the inflation target, albeit gradually, is increasing. Board members discussed the...
There's a picture-perfect pennant forming here. This is where technical analysis gets really fun. USDJPY short term moves are basically reliant on Federal Reserve and Bank of Japan policy announcements. There will be a Bank of Japan Monetary Policy Minutes "Summary of Opinions" release on Thursday March 28th (in 3 days) that can influence the currency pair's...
On the 4-hour chart for the USD/JPY currency pair, the price action is currently forming a Hanging Man candlestick pattern.
after the past two weeks as price chose to break the high from which should have been an expectation. To avoid the same relapse for now as the prices settles i look forward to waiting for prices to create a clearer sign but as for now the market had created a flag where a break high seems more likely but i feel it would be rushed so waiting for price to break and...