GBP/JPY is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 191.72 which is a pullback support that aligns with a 38.2% Fibonacci retracement level.
Stop loss is at 191.25 which is a level that lies underneath the 50.0% Fibonacci retracement level.
Take profit is at 192.71 which is a pullback...
I am seeing a long sell
DAILY
We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence.
4H
We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high....
DAILY
Not going to lie, there's no pattern I see. Just the assumption of the one I want to see, which is not a fact so it cannot be used as a confluence. Yet we broke 152.00 which if you zoom out will confirm that we are still in a very bullish trend. Impulse, Correction, Impulse : If you zoom in.
4H
We formed a bear flag and broke it impulsively, breaking at...
DAILY
Break upwards and price has been fighting to go up, yet we were stopped out. Doesn't break the plan, it is part of business expenses.
4H
154.00 was our bouncing point, it is where we get support and push upwards.
1H
154.60, we are slowing down and looking left shows us that we are in an area of sensitivity.
CHF/JPY is exhibiting strong bullish momentum and could potentially rise above a breakout level to climb higher.
Buy entry is at 169.56 which is a breakout level ( wait for the 1-hour candle to close above 169.56 for confirmation ).
Stop loss is at 169.00 which is a level that lies underneath the 23.6% Fibonacci retracement level.
Take profit is at 170.14 which...
EUR/JPY could rise towards an overlap resistance and potentially reverse off this level to drop lower.
Sell entry is at 164.62 which is an overlap resistance that aligns close to the 78.6% Fibonacci retracement level.
Stop loss is at 165.45 which is a level that sits above a multi-swing-high resistance.
Take profit is at 163.61 which is a pullback support that...
💹 Let's analyze and review this forex pair together.
🌐 Outside of the chart, we're witnessing the weakening of the Japanese yen in the long term, with bullish market cycles against the dollar and the euro. Over time, this currency is gradually losing strength compared to global powers.
💰 In the weekly timeframe, we're entirely bullish and encountering...
Plan A:
Once Reaching Around 155.20,
Observed the reversal pattern,
such as 4H bearish harami, 4H bearish engulfing,
Long shooting star to enter the short trade.
At least 1-3 profit target that can be set separately
as T1, T2 , T3.
Plan B:
What happen if no reversal pattern found :
very simple continue to Long.
AUD/JPY is exhibiting strong bearish momentum and could potentially extend this current downtrend.
Sell entry is at 99.07 (sell at market).
Stop loss is at 100.10 which is a level that sits above a pullback resistance.
Take profit is at 98.29 which is a pullback support that aligns with the 61.8% Fibonacci retracement level.
High Risk Investment Warning...
CAD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower.
Sell entry is at 111.95 which is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level.
Stop loss is at 112.58 which is a level that sits above a pullback resistance.
Take profit is at 111.03 which is a pullback support that aligns...
At the beginning of April, Japan's ex-FX diplomat Watanabe said that the BOJ were unlikely to intervene with USD/JPY below 155. Well now the pair trade less than 80 pips beneath this key level (and less than a day's trade by recent standards), 155 is certainly the level to watch today.
The strength of the bullish 1-hour trend makes it seem that USD/JPY has little...
I like the long idea here. If the current day can form a Bisi, that would be fantastic. After that I would just be looking price to trade back into the Bisi, into one of the key Breaker levels annotated, at the right time of the day, then STRIKE.
The highest-probability target would be the recent high, and the next discretionary target would be my Wick Chair...
Yen weakness despite...
BoJ Exited negative rates regime
Increasing geopolitical uncertainty
Gold at historic highs of 2430
In 2022 and 2023, when the USDJPY approached the 152 price level, open/discreet intervention was in place to strengthen the Japanese Yen.
However, in 2024, the USDJPY has now surged past the 152 resistance level, with the Japanese...
Anxiety hangs heavy over the yen market. With the Japanese currency hovering near a 34-year low against the U.S. dollar, traders are wary of potential intervention from Japanese authorities. This comes as Finance Minister Shunichi Suzuki reiterated the government's concerns about the rapid depreciation of the yen.
The Yen's Slide: A Perfect Storm
The yen's...
AUD/JPY is trading close to a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 99.37 which is a pullback support.
Stop loss is at 98.07 which is a level that lies underneath a pullback support and the 161.8% Fibonacci extension level.
Take profit is at 101.34 which is a level that aligns with the 100.0% Fibonacci...
It has been some time since we checked the #Japanese #Yen vs US #Dollar.
Updated the chart a bit since last time.
Clear bottom forming inverse head & Shoulder pattern.
Broke and retested the 2002 highs.
Bounced off the Green Moving Avg, successful retest.
Japanese are selling foreign investments as their #interestrates have increased. We've spoken on that a few times.
Still holding a buy, moved SL in profit. With the current price movement we might get stopped out.
DAILY
151.90, we finally broke and closed above. We are now either waiting for the further bullish push up or the retest so we can enter on the continuation. This is the highest price UJ has been peaked at, so we know the dollar is doing quite well.
4H
152.80 gave...
Still holding a bad trade from yesterday, entered too early.
DAILY
We had a close with a reversal stop candle which was showing us downwards demand, now we we are forming a bullish reversal candle. So we know that the candlestick use is wrong, as we should use patterns to give us more guidance. Retesting 192.00, which we have established as our resistance and...
