we are looking good for a nice drop. I will be looking for the market to test this resistance area. We may see a fake to the upside before dropping so be careful.
Pair Name : USD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 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 ) Type : Mid Term Swing ——————————— Bearish Reversal...
opportunity emerges with USD/JPY, as the buy zone beckons at the enticing level of 154.70. With a strategic eye on maximizing gains, the take-profit targets are delineated at 155.20, 155.80, and 156.50, each representing a carefully calculated ascent in the trajectory of potential profitability. However, prudent risk management is paramount, hence a stop loss is...
FX:USDJPY does not pay attention to the behavior of the American dollar. The focus is on the Japanese yen. The currency is in a strong sell-off and continues to get cheaper, while a beautiful set-up is forming on the chart. Rising triangle in the global perspective and in the short term: on D1, on H4 and on H1. A beautiful situation, when the chart lives its...
The Japanese Yen is currently receiving support from government intervention, but differing expectations from the Bank of Japan (BoJ) and the Federal Reserve (Fed), along with reduced tensions in the Middle East, have diminished JPY's role as a safe haven asset. From a technical standpoint, indicators continue to signal an upward trend. The Relative Strength...
USD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend....
Japan FinMin Suzuki: Will Deal With Forex Appropriately But Declines To Say Whether Forex Moves Are Excessive USDJPY breaks higher as inflation came at 1.7% down from 2.5% expectations, and 2.6% prev reading. Thats very interesting reading. Who would think of this data considering how expensive
The Japanese Yen ticked lower against the United States Dollar on Wednesday, with USD/JPY getting mighty close to the sort of level that might force authorities in Tokyo to intervene. The Dollar is of course benefitting against most rival currencies from a broad re-pricing of interest rate expectations. The resilience of pricing and economic growth in the world’s...
Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at154.79, which is a multi-swing high resistance. Our take profit will be at 153.88, an overlap support level. The stop loss will be placed at 155.08, which is above the 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a...
Short position on USDJPY. Rejection off resistance level, possibly BoJ intervention around 15500, higher TF OBV bearish divergence
Here's a brief analysis for a short idea on USDJPY: *Technical Analysis:* - USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely. - The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback. *Fundamental Analysis:* - The Bank of Japan (BOJ) has...
Usdjpy has held 151.750 as a strong resistance level for quite some time, recently it broke through this level and has stayed above it. It's time to look for good buying opportunities.
The pair has spiked and very overbought short-term. This includes all pairs relating to the JPY of course, but noting this one the most extreme. we also are above KC and that also suggests we will correct sooner than later, is my personal view. Strategy SELL @ 155.50-156.00 and place SL above 157.17 and take profit near 152.50.
The USD/JPY pair attracts some sellers around 154.15 on Friday during the early Asian trading hours. The risk-off mood and rising tension between Israel and Iran boost the safe-haven flows, benefiting the Japanese Yen (JPY). However, the robust US economic data and any hawkish comments from the Federal Reserve (Fed) officials might cap the pair upside in the near...
USD JPY PRICE - NO MORE FLYS PRICE WILL BE DOWN FALL till marked price make a short as shown in the picture, follow for more live updates
If you guys look carefully & analyze the Quarterly Time frame we can see supply has been met. Thus giving us more context as to why prices are lingering in that zone. It’s for the simple fact that the Quarterly EMA200 has been reached. This will imply a Reversal Trend and we might see price go down toward 130 Range. Always Trade Safely and view the bigger trend....
Hey, guys Usdjpy is still showing a very strong bullish stance. I expect a pullback around 153.32-153.09. Once I see this area to hold, then this could be a very good buying area. We can see up to 156.71 or higher If that happens, it might put us in a better position to enter the deal
I think this will happen in the next few hours. Today. Based on experience from previous interventions, my opinion is based. If that doesn't happen today, then there really won't be an intervention. BOJ is targeting greater yen weakness. Thank you