The current selling zone for the USD/JPY pair is at 156.79, indicating a potential downward movement in the currency pair. Traders are eyeing multiple take-profit levels, with targets set at 156.40, 156.00, and 155.50, reflecting varying degrees of profit-taking strategies. These levels suggest that traders are anticipating the pair to decrease in value, with...
SELLING zone for the USD/JPY pair is at 152.70. Traders may consider placing their take profit orders at 152.00, 151.50, and 151.00 to capitalize on potential downward movements in the exchange rate. These levels represent strategic points where traders aim to lock in profits as the price declines. Additionally, it's prudent to set a stop loss order at 153.30 to...
The Japanese Yen continues to find support from government intervention in speculation activities. Additionally, selling USD post-FOMC has emerged as another factor weighing down the USD/JPY pair. Investors are now eagerly awaiting the crucial U.S. NFP report, expected to be released later today, which could provide fresh directional momentum.
From a technical...
The USD/JPY pair has still some room to fall, though a very lucrative entry level for Dollar bulls is just around the corner. Around 152.00, not only a pivotal level and the 55-day Simple Moving Average (SMA) is nearby, but also there is a long-term ascending trend line just beneath to provide support. This makes it the perfect entry level for any US Dollar buyers...
The current opportune zone for buying the USDJPY pair is at 159.23.
This indicates a favorable entry point for traders looking to capitalize on potential gains. The strategy suggests setting two take-profit levels: the first at 159.00 and the second at 160.00.
These levels represent anticipated price points where traders can secure profits from their...
The Yen has risen by over 3% following Japan's intervention to boost the currency and the Fed's less hawkish stance. The US Dollar index slipped below 105.00 with the NFP print being softer than expected.
The USD/JPY currency pair still has the potential for downside movement. However, there are signs of recovery in the pair. It is expected to test the 0.5-0.618...
USD/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 154.60 which is a pullback support that aligns close to a 61.8% Fibonacci retracement level.
Stop loss is at 152.48 which is a level that lies underneath a pullback support and the 78.6% Fibonacci retracement level.
Take profit is at 156.91...
The USD/JPY continues to experience upward momentum, driven by the significant interest rate differential between the United States and Japan. The US Federal Reserve has established the Fed Funds Rate within the range of 5.25% to 5.50%, while the Bank of Japan maintains its cash rate between 0.0% and 0.1%. This substantial gap in interest rates favors parking...
After the BoJ intervened yesterday (Monday, 29/04/2024) price fell over 3%. Right now, price trades at 157.518 yen per dollar. We may experience a fall from the current market price upto 155.147 (H1 pullback support)
A sell opportunity is envisaged.
We are looking for a week or two weeks fall here and so our target would be first 700pips fall and 157.00 and then more 500pips fall which means totally 1200pips fall is expected here and also major resistances and targets mentioned on the chart too.
DISCLAIMER: ((trade based on your own decision))
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I´m expecting slow climb on this pair after night shift of the BoJ. 156 supply zone looks like as a good resell area. Target price is 153. Wish you good luck.
Looking for USDJPY to make a strong stand here on 151.944.
Strong chance we will see UJ turn previous resistance of this level into support. on the 1D TF we also see the 50MA on this level and causing a bounce and some support. Monday looking to buy and see price drive up to 153 minimum but 155.9 is expected. Nice buy opportunity if you get in
Ever since the Japanese Yen fell couple days ago, we see consolidation as of now for USDJPY creating resistance of higher highs. With the likelihood after FOMC news, we could USDJPY to sell immediately.
TP: 157.35-157.00
GBPJPY and USDJPY! Fundamental and Technical Analysis
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If the H1 candle for USDJPY closes bullish above 153.40, we will initiate a buy entry with a stop loss around 152. Our primary target is set at 157, but for a safer approach, we may consider exiting the trade at 154.50, aiming for a profit of 100-120 pips. If the price maintains its position above 154.50, we will hold onto the trade until it reaches the full...
Good entry position to buy the pullback after the previous high testing. Just swept the sell side liquidity. Technically superb and fundamentally good for JPY and USD. I will ride this movement until 160 perhaps while keeping the positive swap.
#yen #usdjpy #japanese
USDJPY is moving near the lower boundary of the ascending channel.
The price bounced off the dynamic support.
The chart has formed a pattern AB=CD.
We expect a rebound after the support level is retested.
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