Hello traders! USD/JPY is on a continuous uptrend. However, price
might reach a strong resistance level from where it could
reverse. With BOJ rate event scheduled for tomorrow, this scenario
might play out.
📌The area 151.50-152 is a strong rejection zone. Currently, there is
not much resistance between 148 and 152.
📌The area 152 also happens to be at the top...
Head and shoulder pattern formation In 15 minutes timeframe signifies possible sell in the market . I anticipate bearish price action to be developed away from that level
Hello Traders!
On The Daily Time Frame, The USDJPY Broke a Strong Resistance Level (145.100-143.956)
Currently, This Resistance Level Becomes New Support Level.
So, I Expect a Bullish Move📈
i'm waiting for a retest...
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TARGET: 148.350🎯
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USDJPY
Channel: GREEN
WK Pivot: GREEN
AOB: EMA10
CON: SBB
SELL Stop: 148.371
Stop Loss: 147.464
TP01: 149.278
TP02: 151.092
DWR present as a buy setup on 21SEP, with Channel and Pivot are red bouncing of EMA10
Trade is taken as it is within our Market Analysis Bias.
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: BUY
Hello traders ,what do you think about USDJPY? This pair has reached the resistance zone and the ceiling of the channel. It is expected that with a slight fluctuation in this level, it will fall at least to the specified level.
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Today was a volatile day for USDJPY due to the FOMC press conference, but based on current MA indicators and the DXY, I am expecting the pairing to continue long until tomorrow's JPY red folder event.
I have based my chart on the last time UJ saw current price points in November 2022.
Buy Entry: 148.450
Targets: 148.600 | 148.740 | 149.000 | 149.200 |149.400...
In my opinion, Now we have two scenarios both are well explained by arrow but
More precisely if we look at it closely then it is a major chance to take out liquidity and make a double top for more generic behavior
The USD/JPY pair is gaining momentum on the charts after the Federal Reserve's rate decision and update on inflation projections. It has surged to new highs near the 148.00 mark as the US dollar (USD) benefits from increasing inflation expectations set by the Fed. Starting at 147.50, the USD/JPY has gained a strong 50 pips following the Fed's rate decision. The...
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Dear Colleagues, I assume that the price is forming a corrective wave 2. It is quite possible that wave 2 will end on reaching the 50% Fibonacci level of 146.559. The first target is the Fibonacci extension area at 148.219.
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