As the positive news for DXY will impact USDJPY, and price has already break its internal high, indicating that price might go higher. So we are going to find an area to buy in the demand zone. Conservatively, it place near the H1 internal swing low.
I'm really liking the look of this market since the major reversal from the Demand zone seen at the bottom in red. I have used the green box to identify the Accumulation schematic that reversed the market to start the bullish movement upwards.
This bullish movement has come to deliver a Change of Character (CHoCH) before continuing higher with high volume on the...
The USDJPY has raced higher on the back of the stronger US jobs report this morning, and in the process took out technical levels including a downslope trendline at 147.827 and swing highs for the week including the Monday high at 148.42
The price rise has moved to another swing area between 148.459 and 148.49 and is finding some cause for pause ahead of the...
The Tokyo Consumer Price Index (CPI) for January witnessed a deceleration in Japan's national capital, dropping to 1.6% from the previous reading of 2.4%. This marks the first time in almost two years that consumer inflation has fallen below the Bank of Japan's (BoJ) 2.0% target. Additionally, the Core CPI (YoY) experienced a decline from 3.5% to 3.1%.
The Bank...
Hi Traders!
USDJPY looks to be targeting the 150.000 psychological level long-term, as the US dollar currently looks unstoppable. The market is also about to break its bull flag formation.
Here are the details:
After consolidation in the bull flag pattern, we have now had huge bullish momentum, and the next target is the current yearly high at 148.808.
The...
OANDA:USDJPY
Observing USDJPY (H4), discernible indicators suggest a waning momentum within a descending price channel. This presents an opportune entry point with anticipated gains outweighing potential risks.
Selling at current price: 147.775
Stop loss at: 148.901
Take profit at: 145.600
Note: Risk management 2%
In today's trading session, our attention is on USDJPY, where we are eyeing a buying opportunity around the 147.400 zone. USDJPY has recently broken out of a downtrend and is currently in a correction phase, approaching the retrace area at the 147.400 support and resistance zone. Adding a fundamental layer to our analysis, we anticipate further strengthening of...
USDJPY completed its third leg up in this bull trend then failed to break the Resistance Zone on a second attempt, creating a double top reversal pattern. It followed by breaking the Bull Trend Support line. Should we short?
How do we trade this? 🤔
We have three legs up, failed to break the Resistance Zone on the third leg, then a second attempt, followed by a...
Based on the chart a move to the downside of usdjpy is expected to complete the sideways correction(Flat).
Is the move all hope or ?, let's wait see and then we will act accordingly.
NFP in the next few minutes, expecting UJ to break structure and continue Higher Time Frame {HTF} movement( buys)...... Note:- there's always a latter in the market but all in all waiting for further confirmation
please make sure of them and do not risk, this is our analysis and ideas.
Please observe the capital carefully and do not risk more than 1% of your capital
Good luck to everyone
Well, as you can see the price hit the important supply zone that is on the 0.705 Fibonacci level and had a bearish reaction.
Once the price grabbed the internal liquidity and entered the FVG.
Now we can expect the price to continue the bearish trend to fill the FVG and then hit the bullish order block that formed at the 50% Fibonacci level. (First...
Volatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600
USD/JPY fell to a...
USD/JPY could rise towards an overlap resistance and potentially reverse off this level to drop towards our take-profit target.
Entry: 147.096
Why we like it:
There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level
Stop Loss: 147.927
Why we like it:
There is a pullback resistance that aligns close to the 78.6% Fibonacci retracement...
USDJPY
Pivot 146.500
- If the price is higher than the pivot, Long target TP1 at 147.150, TP2 at 147.910, cut loss if the price is lower than the pivot.
- If the price is lower than the pivot, short target TP1 at 146.000, TP2 at 145.200, cut loss if the price is higher than the pivot.
***Please money management***
