Japanese Yen has been one of the weakest currency in the last couple of months. But, looking at the JPY Futures chart, we can see it finishing a larger A-B-C corrective decline, while it's trading at the support, which can cause reversal and recovery for the Japanese Yen. Even COT data of the japanese Yen shows extreme levels for Large speculators (green). It...
USDJPY "Bearish scenario" could be activated after crossing under 143.900 "Bullish scenario" will be valid after breaking the trend line
Price looks like its struggling to break through the key level, after momentum was lost yesterday, and price reversed to the downside, this looks like a pullback before further downside momentum continues. As the Asia session is close, and yesterday they bumped the yen, I expect more of it to continue.
Hello Traders! On The Daily Time Frame, The AUDJPY Reached a Strong Resistance Level 📈 Currently, on 4H Time Frame, The Price Formed a Triple TOP Pattern📉 i'm waiting for a neckline break! Then, we will see a huge bearish move📉 ----------- TARGET 1: 107.710🎯 TARGET 2: 106.890🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
EURJPY broke and closed below a solid horizontal demand zone on 4H. The broken structure turned into resistance. Retesting that, the price formed a double top pattern on an hourly time frame. Its neckline is now broken. I expect a bearish move to 156.0 / 155.6 levels. ❤️Please, support my work with like, thank you!❤️
EURJPY hit the top of the long term Channel Up that started more than a year ago (March 2022) and is getting rejected so far. With the 1D technicals still green (RSI = 63.286, MACD = 1.680, ADX = 49.495) this indicates that the trend remains bullish so we will sell and initially target the 1D MA50 (TP = 153.000). The reason is that it has been unbroken since April...
CHFJPY is trading inside a Channel Up in the past 4 months and right now turned sideways after hitting the top of the pattern. This is a Higher High sell signal which has a triple level target. Trading Plan: 1. Sell on the current market price. 2. Buy at 157.500 and as long as the RSI (1d) holds the 53.50 Support. Targets: 1. 157.500 (the 0.5 Fibonacci, Rising...
Multiple time frame analysis for USDJPY. Price action & key levels. Trading plan for FOMC explained. ❤️Please, support my work with like, thank you!❤️
NZDJPY hit the top of the 3 month Channel Up on a peak formation that's the same as the previous Higher Highs. This is a prime candidate for a short position considering that the 1day RSI also displays a Bearish Divergence. Sell and target the 1day MA50 at 86.750, even though the pull back can extend as low as the 0.618 Fibonacci based on the previous Channel Up...
I'm expecting further strength for the Aussie this week, and weakness from the Yen against it, so I'm looking for a long. We may fall-back to the 38.2 fib but then I think we'll see a strong move upwards, breaking out of the bull flag. We've seen this retracement as the pair became over-bought, but we now seem clear for a continuation upwards. I'm keeping a...
Hello Traders! On The Daily Time Frame, The AUDJPY Reached a Strong Support Level 📈 Currently, on 4H Time Frame The Price Formed a Falling Wedge📉 i'm waiting for a breakout of the Resistance line ! Then, we will see a huge bullish move📈 ----------- TARGET: 97.470🎯 ___________ if you agreed with this IDEA, please leave a LIKE, SUBSCRIBE or COMMENT!
No surprise, GBPJPY is trading in a bullish trend. However, after the price reached, 183.77 level at the end of June, the pair started to consolidate. The market formed a cup and handle pattern on 4H time frame. Its neckline breakout will be a very strong trend-following signal. 4H candle close above 183.88 will confirm the breakout. A bullish continuation...
CADJPY held again the 4hour MA50, which has been providing rebounds for the 1 month Channel Up with breaking since June 1st. Buy as long as the price stays over it and target the September 13th High (Resistance A) at 110.600. Sell if it breaks under the MA50 and target the 4hour MA100. The 4hour RSI is holding its Rising Support. An additional pivot level to...
USDJPY is trading in a strong bullish trend on a daily. Ahead, I see a solid horizontal resistance from where the market may initiate a correctional movement. Analyzing a price action on 4H time frame, I noticed that the pair started to slow down. The price is currently trading within a rising channel. To catch the initiation of a correctional movement, wait...
✅AUD_JPY is trading in an Uptrend and the recent Breakout from the narrowing Wedge pattern confirms our Bullish bias so I think that The price will go up LONG🚀 ✅Like and subscribe to never miss a new idea!✅
The price of EURJPY will most likely increase soon enough, due to the demand beginning to exceed supply which we can see by looking at the chart of the pair. ❤️Please, support our work with like & comment!❤️
I guess that it is obvious that USDJPY is bullish. However, analysing the price action, we can spot a slowing momentum: after a sharp bullish impulse, the market started to grow within a rising wedge pattern - a classic reversal pattern. Its support breakout will be a strong bearish signal. Wait for a 4H candle close below its boundary as a...
AUDJPY crossed today over the MA50 (4h), breaking at the same time above the 10 day Bull Flag pattern. All this after holding the MA50 (4h) as Support. Trading Plan: 1. Buy on the current market price. Targets: 1. 97.675 (Resistance 1). Tips: 1. The RSI (4h) broke above its Resistance. An additional bullish signal. Please like, follow and comment!!