This time we view the USDJPY pair from a very long-term perspective as there has been much confusion lately over its trend and we want to put things into context. As you can see on the 1M time-frame, the price is getting out of a consolidation phase (blue ellipse) that has been lasting for a little more than a year. The rally since the January 2021 bottom has been...
USDJPY is trading in a bullish trend. After the price set a new higher high, we see quite an extended consolidation within a horizontal range. 150.9 is the resistance of the range. If the market breaks and closes above that on a daily, we can anticipate a trend-following movement. Next resistance will be 151.6 Alternatively, a bearish...
Simple Trading: 1. Perfect inverted head and shoulders 2. Pull back to the .382 of impulse 3. break above Monthly resistance with a strong higher high above .382 4. Restest to breakout zone/monthly Resistance. Do not overthink it. We are in a bullish market with clean higher highs. Pay attention to previous high zones (yellow lines). The target is place for 200.000.
Hello,Traders! EUR-JPY is trading in an Uptrend and the pair made A bearish correction and will Soon hit a horizontal support Of 161.588 from where we Will be expecting a bullish rebound Because we are bullish biased on the pair Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!
Hello Traders ! The NZDJPY Reached Monthly Resistance Level (94.050 - 93.434) The Price Formed a Head and Shoulders Pattern. Currently, The Neckline is Broken ! So, I Predict a Bearish Move📉 -------- TARGET: 91.400🎯
CHFJPY have been on an uptrend for a long while, after breaking the resistance zone, price is expected to retest to the support zone and continue it's upward trend, also notice our 50EMA situated at that point ready for retest.
Hello Traders ! On The Daily Time Frame, EURJPY Price Broke The Resistance Level (161.210 - 161.910). This Key Level Becomes a New Support Level. So, I Predict a Bullish Move📈. ------- TARGET: 163.410🎯
JPYX has returned to the earlier demand zone highlighted across both hourly and daily timeframes. Additionally, we've observed the fulfillment of a five-wave count within the current bearish trend, suggesting the potential for a reversal at this established demand zone.
EURJPY🇪🇺🇯🇵 broke and closed above a key daily horizontal resistance. The growth may continue on the pair. Next resistance - 163.44 ❤️Please, support my work with like, thank you!❤️
The USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows. The 1D RSI indicates that we might be...
CADJPY is trading in a long term bullish trend. After an extended correction, the market resumed growth and set a new higher high higher close on a daily, violating a key horizontal resistance. We can expect a bullish trend continuation. Next resistance - 112.5 ❤️Please, support my work with like, thank you!❤️
Hello Traders ! On The Daily Time Frame, The USDJPY Price Broke The Resistance Level (148.522 - 148.020). This Key Level Becomes a New Support Level. So, I Expect a Bullish Move. ------- TARGET: 151.150🎯
EURJPY is trading in a bullish trend on a daily. After the price set the last high, the market started a correctional movement within a bullish flag formation. The resistance of the flag was broken yesterday with a strong bullish imbalance. We can anticipate a bullish trend continuation now. Goals: 161.44 / 162.5 ❤️Please, support my work with like, thank you!❤️
FX:GBPJPY I have determined the harmonic pattern target on the chart; I wish you success. Like and comment if you find value in our analysis. Feel free to post your ideas and questions at the comments section. Good luck
AUDJPY formed a nice double top formation after a test of a key horizontal resistance. It makes me think that the underlined structure will be respected and the price will drop lower. Goals: 96.4 / 96.0 ❤️Please, support my work with like, thank you!❤️
Based on the chart a move to the downside of usdjpy is expected to complete the sideways correction(Flat). Is the move all hope or ?, let's wait see and then we will act accordingly.
USD/JPY: JPY Struggles Amid Global Tensions The Japanese Yen (JPY) faces challenges in gaining momentum against the US Dollar (USD) as it retreats in the European session. European equity market optimism hampers the JPY's safe-haven appeal, while the USD sees positive traction ahead of the awaited FOMC meeting. Technical Analysis: The JPY faces resistance at...
Hello Traders ! On The Daily Time Frame, The GBPJPY Reached a Strong Resistance Level (188.816 - 188.301). The Price Formed Triple TOP Pattern. Let's Expect The Bearish Scenario: If The Market Breaks The Higher Low (1.70595 - 1.70440) and Closes Below That, We Will See a Bearish Move... TARGET: 184.900🎯