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
Trading Setup: There is a Trading Signal to Buy in USDJPY Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 154.29 ⭕️SL @ 153.59 🔵TP1 @ 155.64 🔵TP2 @ 156.49 🔵TP3 @ 159.30 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
The current buying zone for USD/JPY is at 155.80. This suggests that traders should consider opening a long position at this level, anticipating an upward movement in the currency pair. The take profit levels are set at 156.00, 156.50, and 157.00, indicating the points at which traders should consider closing their positions to lock in profits as the price rises....
price at resistance level + bearish shark pattern + RSI divergence ; price might reverse and retest 155.2 PS never risk more than 2% of your capital per trade
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
USD/JPY is rising towards the pivot, which acts as an overlap resistance, and could reverse to the 1st support. Pivot: 155.87 1st Support: 152.20 1st Resistance: 157.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all...
USDJPY is completing breaish AB=CD pattern A Bullish divergence at PRZ is a good setup to BUy.
According to Head & shoulders on Weekly Time frame Convergence On CCI So Crazy Opportunity !!! we wil see it
Summary of Opinion: The Bank of Japan's (BoJ) opinions indicate that many key members advocate for a Japanese interest rate hike as inflation may persist longer or even surpass the target. The release of the Bank of Japan's Summary of Opinion document this morning revealed the possibility of Japan raising interest rates earlier than previously estimated. This...
Its now right time for USD weakness and JPY strength - both Technical and upcoming Macroeconomic calendar indicators confirm the idea of stronger JPY against a weaker USD. More important is lack of Macroeconomic events atleast for upcoming 1 week , which usally corresponds to Lower demand in USD. The Area above in RED is the BEST shorting area ! with low tight...
-On this daily chart i see an interesting bearish big shadow that is sparking my interest in shorting uj. -The big shadow, is a 2 candle-stick reversal signal where the trigger candle completely engulfs the previous candle. -
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
USDJPY - Long for UK session.... And then NY session.... Will follow what we did there.
All ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.
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.
Looking for a sell opportunity. I saw the M pattern in 15 minute chart. Use proper risk management. Thank you
All ideas are strictly my interpretation of price action. I am not a professional trader nor are these ideas professional advice.