FX:USDJPY Price is currently in process of making AB=CD pattern; after USDJPY created a record Higher High, most of the traders were expecting price to drop heavy and it just did that. After dropping heavily, price made some correction and formed a AB=CD pattern which is where we can expect price to drop exactly in same amount as A to B made. Our final target...
The Japanese Yen ticked lower against the United States Dollar on Wednesday, with USD/JPY getting mighty close to the sort of level that might force authorities in Tokyo to intervene. The Dollar is of course benefitting against most rival currencies from a broad re-pricing of interest rate expectations. The resilience of pricing and economic growth in the world’s...
HELLO FIRENDS As we can see USDJPY holding the bullish trend strongly and looking for these design levels if they will not break our Stop loss zone, we are expecting these move incoming days or weeks on weekly based chart there is a clear view that why we are looking for more higher high and let the chart makes a double top on these levels let's see what market...
FX:USDJPY The Japanese Yen remains on the defensive amid the BoJ’s uncertain policy outlook. A positive risk tone also undermines the JPY, though intervention fears limit losses. Reduced Fed rate cut bets act as a tailwind for the USD and lend support to USD/JPY. Traders now seem reluctant ahead of this week’s key central bank event and data risks.
USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long? How do we trade this? 🤔 We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to...
Hello traders here is this week analysis of USDJPY, as you can see the market broke the resistance zone last week and now it is gouing up but just to be safe I will wait for the market to retest the resistance zone then I will look for long opportunities on the market.
USD JPY TRADE SET UP. USD JPY has reached the daily resistance level and is showing multiple rejections and wicks on the daily timeframe, so we are looking to SELL. We need to scale down to the lower timeframe to find patterns and confirmations to get a sell entry..
USD/JPY preserves its bullish momentum after breaking above 150.00 with the 'sell the fact' reaction to the Bank of Japan's decision to end negative interest rates. In the post-meeting press conference, Governor Ueda said they will consider options for easing broadly, including ones used in the past if needed.
USDJPY is on its third leg up in this bull channel that started at 141.000. We're near the top of Resistance Zone, is a long justified? How do we trade this? 🤔 We need confirmation of a breakout to justify a long. After the initial bull run to 152.000, USDJPY pulled back with three legs to 140.200 and followed with a run to our current position of just over...
daily supply zone 151.20-65, stop loss: 152.10, target: 148.00.
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...
HELLO TRADERS I am looking USDJPY chart and its now consolidation & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over...
USDJPY is on its third leg up in this bull trend and heading toward a Resistance Zone at 149.350. Should we consider shorting the resistance? Or longing a pullback? How do we trade this? 🤔 Longing a pullback is the more probable trade. While we are looking at the third leg up in this bull trend (a situation where we may want to refrain from longing), we do not...
USD/JPY broke out of its descending wedge last week in a fantastic move toward the Resistance Zone (Now the Support Zone). We capitalized on that trade, you can find the details in the chart below. Are we ready for another long? USDJPY Trade - Last Week: How do we trade this? 🤔 We finished last week with a wild doji candle (one bar trading range) just...
H4 - Bearish trend pattern followed by a potential correction. Bearish divergence. Until the two key resistance zones hold my short term view remains bearish here. A valid breakout below the most recent uptrend line would be the validation for this short term bearish view.
Hello Traders hop so you are all gr8 and living a happy healthy life its Monday and we can see with opening markets $ is showing some strength which is temporary friend we had posted a bigger TF on Daily which is attached in with chart Friends we can see a retrace is creating a Double Top and showing a trend line moving to north but its going rejection here soon...
Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
USDJPY is forming a descending wedge pattern signaling bullish sentiment and setting us up for a long position. Are we in a position to short now? How do we trade this? 🤔 We have the wicks! But we need confirmation. We've had three pushes down that include two large wicks and some nice bullish price action that followed. What we need now is a push and a close...