Hello,Friends! Bearish trend on USD/JPY, defined by the red colour of the last week candle combined with the fact the pair is overbought based on the BB upper band proximity, makes me expect a bearish rebound from the resistance line above and a retest of the local target below at 152.233. ✅LIKE AND COMMENT MY IDEAS✅
We give attention to the highlighted area any price action we sell or buy. And moves the stop loss to the entry after 50 pips and close half trade
Let's see how these two years play out. Non-farm payrolls could slow the price or correct it, and if it's not a good result to the upside as expected, I feel like we'll get unwound, but if the price stays above 149.3, it will be seen as a support and a new entry to hold a positive SL to reduce risk Indecisive markets show ranges The candlestick turning strategy...
Signal of the Day: In this trading strategy, we offer a compelling opportunity for long positions in the USD/JPY currency pair. By combining key technical indicators such as the exponential Moving Average (EMA) 200 for trend analysis, the moving average Convergence Divergence line (MACD) for trend analysis and the overtrend for entry signals, traders can achieve a...
USDJPY is moving within the boundaries of an ascending wedge. The chart broke through the descending channel. The price is under the resistance level, which coincides with the 50% retracement level of the last bearish impulse. We expect a pullback. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
The Japanese yen climbed as much as 0.85% earlier on Thursday but has pared most of those gains. USD/JPY is trading at 155.38, up 0.31% in the European session. Japan’s economy contracted in the first quarter. GDP declined by 2% y/y in the first quarter, following a revised 0% reading in Q4 2023. This was weaker than the market estimate of -15.%. On a quarterly...
There is a potential trend reversal on the daily timeframe. Stop loss: 155.959 Take profit: 152
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The Dollar-Yen pair rose to 155.900 during the Asian session on Friday as the Japanese Yen (JPY) faced fresh pressure. This was due to the Bank of Japan (BoJ) maintaining its bond purchases from the previous operation, abandoning an unexpected cut in debt purchases earlier this week. Traders speculate that the BoJ may cut bond purchases at its June meeting. BOJ...
Looking for a sell opportunity in UJ Reasons to sell: 1. If price breaks and retest uptrend line which I drawn in chart. 2. if price break and retest the support line.
Lock in your entry for USD/JPY at 155.12, perfectly poised at the 61.8% Fibonacci retracement and just steps away from the 100-period EMA at 155.16. This convergence offers a strong technical base for a bullish reversal, in line with the ongoing bullish sentiment in the market. The precise entry point boosts the risk/reward ratio, making it an excellent...
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Looking for a sell opportunity in UJ. Reason to sell: 1. if the candle breaks and retest the trendline, then go for sell. 2. forming 'M' Pattern in 5 minute chart. Use proper risk management. Thank you
On the daily chart, USDJPY stabilizes and rises, and the short-term bullish pattern dominates. At present, you can pay attention to the support near 155.4. If it rebounds and stabilizes, you can pay attention to buying opportunities. The upward target is around 158.60 (AB=CD mode)
USDJPY still seems to show the signs of bullish movement. Watch it keep climbing until right before the closure of market on Friday.
Japanese authorities may have intervened twice in recent weeks to support the yen as it hit its lowest level in decades against the dollar, and they may have used reserves cash to do it. BofA said a drop in demand for U.S. Treasury bonds could push up interest rates slightly and narrow spreads on the secured overnight lending rate (SOFR), a reference rate tied...
Despite the dollar's general weakness against most of its counterparts, it continues to rise against the Japanese yen. The dollar rose 0.12% to 156.245 yen today, after previously reaching 156.80 yen. Japan's long-term yield remains low at 0.955%, even as the Bank of Japan's stance becomes more hawkish and the likelihood of a rate hike in June increases. The...