the price was trade down making 14 RSI Divergence on the 1h frame . on the big pic it was trade up (above 50 SMA) .
Could there be a possible buy fpr USDJPY? Based on what the market is showing, the market seems to be reacting to a structural zone. I see a 4hr chart pattern that shows a potential reversal. Let's see how this will play out
Hi Traders, Let's monitor price at around 147.055, If price close above the resistance line at 147.055 with bullish candles confirmation and RSI above 50. We can place a buy or long position at around 147.060, take profit at 147.630 and stop loss at 146.520 Thanks, Happy trading
Hello, dear friends, what are your thoughts on USDJPY? In a sharp contrast to its counterparts like EURUSD and GBPUSD, USDJPY has been bearing the brunt of severe downward pressure, with its value diminishing further on Thursday. Currently, this currency pair is hovering around the 148.50 mark, shedding 0.56% over the day. This pair finds itself in troubled...
Dear friends, just as we anticipated, the USDJPY pair has declined to the support level at 147.84, signaling the onset of accumulation. The formation of a cup pattern in this scenario suggests a potential upward correction; however, this is not expected to last long as market anticipation of an imminent rate cut could weaken the USD, thus limiting USDJPY's...
There is a possibility of the trend to reverse based on the trend analysis and the patterns formed.
Sell confirmed because of three things. The triangle has been broken , and price has retested. Price then entered into a state of consolidation and then we broke the resistance of consolidation. The price just retested after breaking and it might be heading down.
Looking to long USDJPY. Spot price of interest is 146. Stops are covering the low so 45 pips. Confluences for entering this trade: Daily 200MA Intra Key Level displayed Break retest of a trendline Alignment across multiple JPY Pairs are present Catch you later traders ▲
short position on USDJPY, scouted to be turning towards bearish, break of support did not find uptick, R:R 2.62. please note this is a historic trade and does not predict future performance.
📉 USD/JPY Forecast 📉 USD/JPY is currently at the peak of an uptrend but showing signs of consolidation within a range. Recent developments include a breakdown of the ascending trendline, indicating a potential shift towards a selling zone. We are awaiting confirmation of the breakdown of the consolidation range, which could provide further selling...
Last week was a continuous bearish week for usdjpy , after previous Asian hunt during London close / NewYork open today price should see a small pullback above today asian high where we are looking for liquidity stop.
Japan's Consumer Price Index (CPI) for January exceeded expectations, with the Core CPI reaching 2%, slightly higher than the anticipated 1.9%. Despite the yen's initial strengthening, the impact was minimal compared to previous rates of 2.3%. This uptick in inflation could signal a potential shift towards a more hawkish stance by the Bank of Japan, lending...
FX:USDJPY We have a strong, impulsive move to the downside on this pair and the bears still have the momentum. If price closes beneath the .382 on the FIb we could see a continuation of this trend until the .50 Fib is reached. We have a few rejections at the highs so there is a good chance that we may see a retest this week. We could also see a rejection at...
Hello, TradingView community and my subscribers, please if you like ideas do not forget to support them with your likes and comments, thank you so much and we will start a LONG outlook on #USDJPY explained. Price action analysis & key level
On USD/JPY, it's nice to see a strong sell-off from the price of 147.8. It's also encouraging to observe a strong volume area where a lot of contracts are accumulated. I believe that sellers from this area will defend their short positions. When the price returns to this area, strong sellers will push the market down again. The downtrend combined with the volume...
As we saw last week their was alot of Selling pressure, with JPY not respecting any of the technicals. we expect Buying push for the week in correlation with the DXY Trying to gain some momentum If our analysis is respected minor resistance level is broken, on the retest to that level we will be taking our Buy Entries giving us TP's; TP 1 - 147.711 TP 2 - 148.295
The USDJPy is in a decent area, and we may seek to purchase close to the support zone at this point. An RD, or regular divergence, is seen, which may help our theory.