Based on Simple Technical Analysis ( Trendline + Support & Resistance ) Risk Disclaimer: Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are...
wait for retest the key level then take a trade for buy or wait for break and retest then take a trade for Buy otherwise skip this setup
Uchida’s comments are followed closely as he is known for dropping hints around key developments. USD/JPY continues to grind higher as markets distance themselves from notions of imminent rate changes stemming from the BoJ. The 150 marker is near-term resistance, with 146.51 appearing as support. Recent commentary and the notable lack of concern around the...
In line with DXY structure, we will also be shorting this pair for sell orders, we will wait for the market to open before we wait and watch, and then we execute, stay tuned for more updates.
The important levels this week : We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 100 pips.
Hello Traders, USD/JPY continues to exhibit a bullish stance, supported by the DXY signalling potential upward momentum. Additionally, the weakening Yen Futures present a compelling trading opportunity in the days ahead. Keep an eye on any pullback to the 148.60 level, as it could serve as a crucial support zone before the next significant upward movement. Chris,...
**Monthly Chart** The long-term directional bias is still bullish. There were lots of rejections around 150 levels in Oct 2022 and then in Nov 2023 and the price is moving towards that target again. If the USDJPY is able to break that level then I will be looking for the price to reach 160 which was the swing high of the year 1990 (another historical level). In...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias to watch for setups to go on long like what i did last week. Take note! :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and...
BoJ Deputy Governor Shinichi Uchida delivered two key messages in his speech: the end of negative rates is imminent but monetary policy will remain "highly accommodative" for the foreseeable future. That said, he hinted that the Bank's policy stance would shift if it became clear that Japan’s inflation dynamics are changing. He began by addressing the question of...
Hello Everyone, At this juncture, the potential for further upside in USDJPY cannot be disregarded before a potential downside movement, given the prevailing indicators. The long-term trend remains bullish. We will adopt a patient approach and monitor price action throughout the upcoming week to assess developments. TradeWithTheTrend3344
USDJPY continues to display a robust bullish trend, with its price action showing resilience and maintaining upward momentum. This strength is further evidenced by the RSI trending upwards on the weekly chart, currently at 62.23, indicating increasing buying pressure. Additionally, the MACD indicator on the weekly chart remains above its midline, with the last...
Hello traders, Wave 4 has probably ended at 145.898. Wave 5 is aimed at getting to 151.180 zone. Thanks.
here what i think about usdjpy i hope i made easy to understand,if not let me know in the comment. if 150.500 break above with bullish possibility that usdjpy can make new higher which is 153.500 to 153.900. so here waht i say look for buy opportunity with great confirmation. always risk 1%. thank you .
Pri e is heading to demand zone let wait for it and buy
Persistent US inflation due to sticky services inflation could mean the Fed has to hold off cutting rates until Q324 and then by only 50bp in 2024. Japan still faces structurally low inflation due to high corporate savings; the BoJ is not expected to hike rates in 2024. With the Fed and BoJ likely to disappoint investors, USD/JPY could rally nearterm. Fed rate...
Hey Traders, In the coming week, we are keeping a close eye on USDJPY for a potential buying opportunity around the 148.800 zone. USDJPY has been following an uptrend and is currently experiencing a correction phase, bringing it closer to the support and resistance area at 148.800. Adding a fundamental layer to our analysis, it's important to note the recent...
usdjpy long position 4hrs rejection zone 148.750-148.650 confirmations : 1- reajction zone & matching 4hrs -1hr 2- relative strengh index line above blue line 3- no news after active
This is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify any