The current opportune zone for buying the USDJPY pair is at 159.23. This indicates a favorable entry point for traders looking to capitalize on potential gains. The strategy suggests setting two take-profit levels: the first at 159.00 and the second at 160.00. These levels represent anticipated price points where traders can secure profits from their...
The current selling zone for the USD/JPY pair is at 156.79, indicating a potential downward movement in the currency pair. Traders are eyeing multiple take-profit levels, with targets set at 156.40, 156.00, and 155.50, reflecting varying degrees of profit-taking strategies. These levels suggest that traders are anticipating the pair to decrease in value, with...
SELLING zone for the USD/JPY pair is at 152.70. Traders may consider placing their take profit orders at 152.00, 151.50, and 151.00 to capitalize on potential downward movements in the exchange rate. These levels represent strategic points where traders aim to lock in profits as the price declines. Additionally, it's prudent to set a stop loss order at 153.30 to...
The Japanese Yen continues to find support from government intervention in speculation activities. Additionally, selling USD post-FOMC has emerged as another factor weighing down the USD/JPY pair. Investors are now eagerly awaiting the crucial U.S. NFP report, expected to be released later today, which could provide fresh directional momentum. From a technical...
The Yen has risen by over 3% following Japan's intervention to boost the currency and the Fed's less hawkish stance. The US Dollar index slipped below 105.00 with the NFP print being softer than expected. The USD/JPY currency pair still has the potential for downside movement. However, there are signs of recovery in the pair. It is expected to test the 0.5-0.618...
Here's a brief analysis for a short idea on USDJPY: *Technical Analysis:* - USDJPY has been in an uptrend since January 2023, but has recently shown signs of exhaustion and correction is now likely. - The Relative Strength Index (RSI) has entered overbought territory, indicating a potential pullback. *Fundamental Analysis:* - The Bank of Japan (BOJ) has...
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...
The USD/JPY continues to experience upward momentum, driven by the significant interest rate differential between the United States and Japan. The US Federal Reserve has established the Fed Funds Rate within the range of 5.25% to 5.50%, while the Bank of Japan maintains its cash rate between 0.0% and 0.1%. This substantial gap in interest rates favors parking...
After the BoJ intervened yesterday (Monday, 29/04/2024) price fell over 3%. Right now, price trades at 157.518 yen per dollar. We may experience a fall from the current market price upto 155.147 (H1 pullback support) A sell opportunity is envisaged.
We are looking for a week or two weeks fall here and so our target would be first 700pips fall and 157.00 and then more 500pips fall which means totally 1200pips fall is expected here and also major resistances and targets mentioned on the chart too. DISCLAIMER: ((trade based on your own decision)) <
This bullish rally on USDJPY is absolutely crazy. This week, we saw an exceptional growth. Analyzing the historical price action, I see 2 significant resistances ahead: 160.0 - 160.5 is the resistance based on a price action of 1990th. 164.1 - 164.5 is the resistance based on a price action of 1986th. I believe that we may see a bearish reaction from one of...
USDJPY has reacted off the pivot close to 161.8% Fibonacci extension and could fall to a pullback support. However, if price breaks above the pivot, it could continue to rise to the next resistance level Pivot: 160.19 Support: 151.94 Resistance: 164.36 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only...
I´m expecting slow climb on this pair after night shift of the BoJ. 156 supply zone looks like as a good resell area. Target price is 153. Wish you good luck.
Ever since the Japanese Yen fell couple days ago, we see consolidation as of now for USDJPY creating resistance of higher highs. With the likelihood after FOMC news, we could USDJPY to sell immediately. TP: 157.35-157.00
USDJPY had a good bull however, it is time to give back to market
This morning, USDJPY dropped by more than 500 pips this morning. If you are looking for a reason why it happened, remember that historical structure always leaves clues. The price perfectly respected a historic structure of 1990th. Today, we see a perfect example how important are historical levels, and how the market remembers the things that happened more...
USDJPY buy for daily uptrend continuation , is on a strong uptrend on the daily time frame and from here the trend will sure continue