The GBPJPY pair gave us a solid short-term buy signal last time we looked into it (April 16, see chart below) and easily hit our Target: The prevailing Channel Up has a clear sell signal on its top, which the price is approaching on the current Bullish Leg since the rebound on the 1D MA50 (blue trend-line). The 1D MACD sequence is the same as the first...
Price is falling towards the pivot and could potentially bounce to the 1st resistance which has been identified as a pullback resistance. Pivot: 156.58 1st Support: 156.01 1st Resistance: 157.97 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
### Weekly Market Outlook Monday: The week begins quietly with a U.S. bank holiday in observance of Memorial Day, leading to subdued financial markets. Tuesday: Focus shifts to Japan for the release of the BoJ core CPI y/y. In the United States, the CB Consumer Confidence data will be closely monitored. Wednesday: Key inflation data from Australia will be...
AUDJPY -24h expiry Broken out of the wedge to the downside. Price action looks to be forming a top. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 104.00 will confirm the bearish momentum. We look to Sell at 104.30 (stop at 104.70 Our profit targets will be 103.30 and 103.05 Resistance: 104.25 /...
Hi friend. Lets look at USDJPY chart window. We have uppend channel with bulls accumulation area between support - 156.94 and transit level - 157.078. Also there is big volume of purchases from 156.51 (41 k). All of this in sum - strong bullish signal. Bulls target 157.46 (daily X-Lines level). Follow me. And dont forget support me by boost.
Hi friend. I write this idea becouse we have difficult to analyse accumulation process on USDJPY market. For the first market formed medium bears accumulation zone "1" between 156.88 - 157.14 then bulls entering at zone "2" - 156.7 - 156.94. I put my SL at 156.6 and waiting growth to strong resist level 157.46. Suppport me;)
Breakdown of its corrective downtrend and break the previous peak, the target of the previous peak and close to the pivot
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Hey Trader, Check out this analysis on USDJPY. A long entry plan is best above the intraday resistance area. Alternatively, a short trade can be considered if the price breaks below the intraday key zone (support), retests, and resists. A short trade can be considered. Trade safe.
i sell it coz even when dollars down he not down and so many ti_me BOj talk about to intervene. i think they will do soon and if not a big pullback have to happens u can put ur stop lost at 155.6 if u want a bertter RR but i scare about a big leg up
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The CHFJPY pair is trading on a Falling Wedge pattern, which every time it formed within the long-term Channel Up, it was followed by a sharp decline. The last one hit the 1D MA200 (orange trend-line), which has so far held twice, rendering it the new Support level. Notice that all those tops, had a similar 1D MACD structure. As a result, we turn bearish on the...
FX:GBPJPY is testing trend support, but buyers are keeping the price away from risk zones. The currency pair is returning to the bullish zone relative to 193.5, which generally opens up the market to 195.0-197.0 upside potential On W1, the currency pair after a false breakdown of global resistance is moving back to 195.844, which generally tells us about the...
USD/JPY has broken out of the pivot which has been identified as a pullback resistance and could potentially rise to the 1st resistance. Pivot: 156.58 1st Support: 154.74 1st Resistance: 158.41 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs...
Nikkei Rises 0.7%, Driven by Banks and Energy Stocks Japanese stocks closed higher, with gains led by the banking and energy sectors, as the 10-year Japanese government bond (JGB) yield hit an 11-year high. Mizuho Financial Group rose 3.1%, and Sumitomo Mitsui Trust Holdings climbed 2.4%, following a 3-basis-point increase in the 10-year JGB yield to 0.975%,...
GBPJPY is almost overbought on its 1D technical outlook (RSI = 69.343, MACD = 1.720, ADX = 59.150) and is extending the bullish wave inside the 16 month Channel Up. The overbought technicals shouldn't be a factor for a bearish reversal as long as the 1D MA50 continues to support. We are confident with buying, aiming at the top of the Channel Up (TP = 208.000). ...
The CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a recent breakout from a triangle pattern. Possible Long Trade : Entry: Consider entering a long position (buying CAD/JPY) above the broken resistance trendline of the triangle after confirmation. Ideally, this would be around 114.40 or higher if the price continues to...
USDJPY analysis Time frame of 4 hours USDJPY can continue to fall by filling the 4-hour FVG