Hello Traders , Upon reviewing the EUR/USD chart in the 2-hour timeframe, we observe that the price was able to rise to 1.075 and then underwent a correction, penetrating below 1.0678. Consequently, after a liquidity collection, it encountered demand again! The upcoming supply zone ranges from 1.07260 to 1.07530, and we can monitor the price reaction within this...
By checking the GBPUSD chart, we can see that the price started to fall from the range of 1.257 and was able to correct up to 1.247 and it brought us about 100 pips of profit! Now I expect the price to move up first and then we will probably see a further drop in the price! Please support me with your likes and comments to motivate me to share more analysis...
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...
USDJPY is forming a move of the potential from resistance to support relative to 150.884. Which indicates the presence of a strong bull market. Earlier, the market formed a false breakdown in the moment of harsh statements of Japanese regulators. But, traders are still selling JPY on the background of strong dollar. Scenario: breakout of the resistance area...
Earlier in the week, USDJPY surged to multi-decade highs around 154.80 before retracing slightly from those lofty levels as the weekend approached. If the downward reversal gains traction in the upcoming trading sessions, support looms at 153.20 and 152.00 thereafter, with 150.80 possibly becoming a focal point if these price thresholds are breached. On the flip...
The Bank of Japan (BoJ) increased its policy interest rate to 0.00-0.10% in March, bringing interest rates out of negative territory. Although the yen was expected to increase, the market witnessed a decline in the yen, causing the OANDA:USDJPY exchange rate to increase. Although the Bank of Japan gave limited guidance on further policy tightening, markets...
USDJPY edged lower on Wednesday, stepping off its multi-decade high established in the previous session when the pair hit 154.78. Should the downturn reversal gain momentum later this week, support can be spotted at 153.20 and 152.00 thereafter. Below these levels, 150.80 may become a focal point. Conversely, if USDJPY resumes its rally, resistance looms at...
US DOLLAR FORECAST – OANDA:USDJPY - U.S. dollar loses ground on Monday ahead of high-impact events later in the week - Core PCE data and Powell’s speech on Friday will be the center of attention - This article examines the technical outlook for USD/JPY The dollar fell slightly on Monday, but losses were limited by higher U.S. Treasury yields. Traders took...
OANDA:USDJPY FORECAST - TECHNICAL ANALYSIS USD/JPY traded within a confined range on Thursday, lingering just below overhead resistance at 152.00. This technical barrier warrants close attention, as a breakout might prompt intervention from the Japanese government to support the yen. Should such a scenario unfold, a rapid reversal below 150.90 could occur ahead...
FX:EURJPY is in an uptrend phase. Regarding what is happening on the chart, we can assume that the bullish trend will continue in the medium term. The market is redeeming the strong drop that happened at the end of 2023 on the fundamental background in a few months. The Japanese Yen is weakening strongly on the back of weak regulation by the Central Bank of...
USDJPY is rising toward the pivot point close to the 161.85 extension and 100% Projection and could fall to a support level However, a break above the pivot might lead to an ascent towards the next resistance Pivot: 166.98 - 167.20 Support: 165.33 Resistance: 169.46 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you...
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FX:EURUSD Entry : 1.06486 Target : 1.07097 Indicators also show a bullish trend.
USDJPY is currently at the pivot and could fall toa pullback support level. Alternatively, if the price breaks above the pivot, it could continue to rise to the next resistance level which is close to the 161.8% Fibonacci extension. Addiontaly, there is bearish divergence Pivot: 154.77 Support: 153.36 Resistance: 155.77 Risk Warning: Trading Forex and CFDs...
On 2h timeframe, USDJPY printed Double Top with RSI indicating strong Bearish Divergence. A Bearish Trend shift is expected.
The USDJPY is in a Bullish phase by Ascending Triangle & Cup & Handle. 🌟 Bullish signals are: - Bullish Cup & Handle - Dynamic Support zone - Ascending Triangle previous analysis ⭐ Note if the Triangle or cup & handle is broken downwards with the strength of Bearish candles, this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️...
✅USD_JPY made a strong Confirmed breakout of the Key horizontal level of 152.000 Which was a resistance and An ATH level but is now a support Which, combined with the fact That the pair is trading in a Strong long-term uptrend Reinforces our bullish bias On the pair and makes us Expect a further move up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
Hello,Traders! USD-JPY is trading in an Uptrend and we are seeing a Massive bullish breakout Of the key horizontal level Of 152.000 which was an All-time-high so our bullish Bias is confirmed and we Will be expecting a further Swing move up Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!