USD/JPY is trading close to a pullback support and could potentially bounce off this level to climb higher. Buy entry is at 152.80 which is a pullback support that aligns with the 78.6% Fibonacci retracement level. Stop loss is at 150.15 which is a level that lies underneath a pullback support and the 100.0% Fibonacci projection level. Take profit is at 154.70...
Volatility in USDJPY has increased over the past few days as markets believe Japanese officials may have secretly intervened in the FX market. The pair breached the 160 mark earlier in the week but did a quick turnaround and headed back towards 154, prompting speculation of an intervention. The fact the Bank of Japan kept rates unchanged on Friday weighed...
Jpy has rebounded from the 0.786 retracement level of 151.75. The Relative Strength Index (RSI), a strength indicator, still showed positive sentiment and did not diverge. This is a strong sign that the dollar will rally higher against the yen. If the RSI closes above the 60 threshold, it will confirm the prospect of a bullish rebound. A bullish move towards the...
USDJPY is on the way to perform a massive drop on the long term, but actually i am looking to scalp it on this boring friday. I am waiting a possible long setup, that could start with a little drop till the support zone 154.75, and here i expect a bounce. Only if the price will start to bounce there, i will look for a long tomorrow, at the beginning of the NY session
📢 Signal: SELL USDJPY 📉 Entry Point: 154.466 🔍 TP1: 154.166 🎯 (30 pip TP) TP2: 153.866 🎯 (60 pip TP) TP3: 153.566 🎯 (90 pip TP) SL: 154.766 ⛔️ (30 pip SL) Mr_Bombastic_Signal
Intraday Update: The 61.8% retracement of the May 1 low to May 3rd low coming is at the 155.68 level, and although not expecting an "intervention" some natural market selling may be the case here in the USDJPY.
price is going up because of big change in policy of two country it has breakout and now testing big yellow horizontal support you have perfect technical setup here blue parallel channel horizontal yellow support fomo buying in crowd for 160 level
We now have a break of the falling wedge on USD/JPY, better Yen trades are available GBP/JPY, EUR/JPY & NZD/JPY however it's likely this will pull up to 159.62 in the coming days. Chris Head Coach & Trader for over 30 years
Earlier in the week, USDJPY surged to multi-decade highs around 154.80 before retracing slightly from those lofty levels as the weekend approached. If the downward reversal gains traction in the upcoming trading sessions, support looms at 153.20 and 152.00 thereafter, with 150.80 possibly becoming a focal point if these price thresholds are breached. On the flip...
Quick update, i saw a M pattern formation in 5 minute chart. So looking for a small short on USDJPY. Use proper risk management. Thank you
Hi traders , here we showing the new move for usdjpy. keep flow us
On the 4-hour chart, USDJPY stabilized and rose again after experiencing a wave of highs and returned to the upward trend in the short term. At present, the lower support should focus on the 154.00-154.65 area, which may stabilize or go higher again. The upper resistance should focus on the 156.28 line. After breaking through, it will go to the resistance near 158.00.
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...
USD/JPY The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure. This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete. Currently, our high probability trade is selling now to buy later. GBP/USD The Cable is bearish because we have...
The USD/JPY has slip after touching the 160.00 region and it is suspected as an intervention during the trading holiday in Japan. However, the effect was quite minimal as the dollar/yen pair saw bullish strength at 151.972 support. Going forward, USDJPY may head higher to test the immediate resistance at 151.70 before another round of sell-off occurs. mid to...
Looking for another sell opportunity. Reason: Making double top pattern in 15 minute chart. Use proper risk management. Thank you
In 5 and 1 minute charts, price is in a cone pattern. so if it break which side we took that side entry. now looking for a sell opportunity. if it hit the buy stoploss. Use proper risk management. Thank you
USDJPY - Long for UK session.... And then NY session.... Will follow what we did there.