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With unofficial intervention from the Japanese foreign exchange authorities and expectations of rate cuts by the Federal Reserve, the dollar weakened and the yen strengthened, causing USDJPY to decline recently....
The yen is strengthening due to the intervention of the central bank of Japan
Looking at the trend in the four-hour time frame, USD/JPY enjoys the resistance of the descending channel ceiling in the range of 154.82-154.12, and thus, the scenario is strengthened that USD/JPY reaches the support of the channel floor in the 261.8 Fibo zone. percentage in the number...
USD/JPY raced to test 160.000 last week and as expected, had a massive sell-off that ended Friday just below the 152.000 breakout area. Should we still be long? Or is it time to get short?
How do we trade this? 🤔
The question in my last analysis was are we in for a hard sell-off? And should we buy these pullbacks? The conditions we see today change the...
Indicactors saying JPY Weak as can be heading straight down CCPV indicator.
Short Bursts Aussey opening 1 min if NZD has brought so should they.
70ish and 100 p
This past week saw a significant decline in the DXY index, which momentarily hit its lowest level since the 9th of April. The main causes of this selloff were lower-than-expected U.S. employment data and declining U.S. Treasury yields after the Federal Reserve's monetary policy decision.
The US non-farm payrolls report, which followed, added to the currency's...
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...
I was waiting for this to happen maybe at the end of the week or beginning of next but this is it.
According to my analysis and signals this it it for the USDJPY bull rally.
daily bearish signal is confirmed.
Waiting until the end of this week for confirmation signal.
And, monthly is looking to follow as well.
Let's wait and see what happens.
Happy trades!
Hello Awesome Traders!
I trust you had a rejuvenating weekend and are geared up for the exciting trading opportunities the new week has in store. Let's dive right into USDJPY, where a compelling setup awaits our attention.
USDJPY has formed an ascending triangle pattern on its weekly chart, signaling a potential bullish move. The recent breakout above the...
USD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 154.70 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 156.38 which is a level that sits above a pullback resistance.
Take profit is at 152.20 which is a swing-low support.
High...
I have analyzed why USD/JPY is repeating a similar pattern from 2022, and it's likely that we could see the same reaction.
Please watch the video and share your thoughts.
Follow for more breakdown!!
The USD/JPY pair on the M30 timeframe presents a potential shorting opportunity due to a recent downward breakout from a well-defined bearish channel pattern. This breakout suggests a shift in momentum towards the downside and a higher likelihood of further declines in the coming hours.
Key Points:
Sell Entry: Consider entering a short position (selling...
Weekly Market Wrap With Gary Thomson: FTSE 100, US Dollar, USD/JPY, BTC/USD
Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights.
London Calling! FTSE 100 Stocks Flying High Once Again;
The Dollar Is...
On the chart, I underlined important key levels:
support and resistance areas on USDJPY for next week.
Consider these structures for pullback/breakout trading.
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