Hello Traders !
On The Daily Time Frame, The EURJPY Price Formed a Rectangle Pattern.
Presently, The Resistance Level is Broken !
So, I Expect a Bullish Move 📈
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TARGET: 166.430🎯
NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern...
CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH...
Borrow Yen buy Dollars!!!
:)
BOJ will do what they do
Probably beneficial to Japanese stocks as their companies are obviously big exporters think Honda , Toyota...
Beautiful Inverse Head and shoulders in progress
Big Charts ---> Big Patterns ---> Big moves
As We Talked in The Previous Analysis:
The USDJPY Reached The Resistance Level (151.908 - 151.318).
Currently, This Key Level is Broken, and Becomes a New Support Level !
So, I Predict a Bullish Move 📈.
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TARGET: 154.620🎯
The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000.
Since however the blue Channel Up has already completed a symmetrical Higher...
Hello Traders !
On Wednesday 27 March, The CHFJPY Reached The Support Level (166.798 - 167.394) and Failed To Break it !
The Price Formed a Double Bottom Pattern.
Currently, The Neckline is Broken !
So, I Expect Bullish Move 📈.
TARGET: 169.220🎯
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...
The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200.
With the 1D RSI overbought...
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.
Hello Traders !
On The Daily Time Frame, The USDJPY Reached The Resistance Level (151.908 - 151.318).
So, We Have 2 Scenarios:
BEARISH SCENARIO📉:
If The Market Breaks The Support Level (150.261 - 150.693) and Closes Below That,
We Will See a Bearish Move📉
TARGET: 147.150🎯
BULLISH SCENARIO📈:
If The Price Breaks and Closes Above The Resistance Level...
AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH.
See...
Multiple time frame analysis for USDJPY.
Bullish movement after CPI discussed.
Trading recommendations,
trading plan, forecast.
❤️Please, support this video with like and comment!❤️
I wasn't going to post about this one as I imagine it's being covered by everyone what with the captain obvious setup on a basic horizontal but since I've covered the Yen before I may as well
I haven't re-visted this chart properly since I made some calls about that blue broadening wedge a few years back and the initial 152 resistance (see the related posts...
The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar.
A Perfect Storm for the Yen...
We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations;
⭕️Which financial asset classes they divert...
USDJPY is currently accumulating within a narrow horizontal range on a daily.
It looks like the market participants are waiting for some important fundamental data
next week to decide where to push the prices.
I see 2 potential scenarios.
Bullish
151.70 - 152.00 is a key horizontal resistance.
Its bullish breakout - a daily candle close above, will be a...
Hola Traders,
This is our Day Trade master plan to Heist Bullish side of GBP/JPY BANK . my dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing...
