The USD/JPY daily chart shows a bearish divergence pattern as prices surged to new 20-year highs this week, while the relative strength index (14-day RSI) declined significantly from overbought levels. The Moving Average Convergence Divergence (MACD) is nearing a bearish crossover, as the MACD line (blue line) is sloping lower and may intersect the signal line...
After last night big bearish move and the first bearish daily candlestick, Price is under broken wedge top and ready to goes down after complete AB=CD pattern. The stop loss is so obvious, its above broken wedge, Risk reward is so logical, So, its time to short dollar VS yen.
Trade Idea: Yen emerging as a safehaven? (Finally!) Reasoning: Broken down from a range, targeting lower prices. Entry Level: 128.69 Take Profit Level: 125.97 Stop Loss: 129.39 Risk/Reward: 3.89:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk...
Trade Idea: Calling a top on USDJPY Reasoning: Price action stalling? Entry Level: 129.95 Take Profit Level: 128.62 Stop Loss: 130.52 Risk/Reward: 2.35:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis ,...
As FOMC member George is going to speak within minutes, DXY volatility is possible (As I published DXY in pre-week analysis, that's going to hit it's DZ). Always remember to manage your risk.
The usdjpy pair has seen an impressive move over the past 2 weeks breaking out of a range. This trend appears to have a great fundamental case as the fed has a clear path to hike rates. The rate differential trade could price this upwards of 125. Technically, this chart appears to have put in a top. The move after the fed announcement creating the large 4 hour...
In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen. 1.) Higher Interest Rate in the U.S 2.) Bond Yield Differential 3.) High U.S Inflation pushing Rate Hikes From Federal Reserve We also have some key technical levels to watch out for at 120.00 on the exchange rate.
USDJPY. Price closed above resistance trend line. Trend line resistance becomes support.
Price closed above 115.058 and retested the level with bull candlestick. Enter at 115.518.
Wait for a pull back into support. A bullish pin bar, engulfing bar, or inside bar may form on horizontal support for a long position.
Long USDJPY again. price is touched the bottom of wedge and is ready to goes high again.
USDJPY Entry Price 114.597; Take Profit Price 115.058
its very simple. if this is going to continue, it will stay over vwma/aavwap, and the 1.618 we can retrace quite a bit, and 114.75 isnt unthinkable if we close hourly below the middle horizontal line this would not negate the bull trend, and 115.235 is a decent target as long as we bounce
DXY D1 Inching closer to the downside break on a technical basis, Powell's comments yesterday pulled dollar down a bit, CPI inflation data this afternoon which may or may not catalyse this move. Something to be aware and protect against.
USDJPY created a series of lower highs. Pin Bar Located At 115.367.
USDJPY is bearish. Watch for bearish price action signals.