As We Talked in The Previous Analysis: On The Daily Time Frame, The GBPJPY Reached a Strong Resistance Level (188.816 - 188.301). The Price Formed Triple TOP Pattern. Currently, The Neckline is Broken So, I Expect a Bearish Move. TARGET: 184.900🎯
The GBPJPY pair delivered the best sell signal possible on our last bearish call (November 30 2023, see chart below) as it got rejected exactly on the Higher Highs trend-line back to the Support of the Ascending Triangle: Today's analysis is on the 1D time-frame where you can see that the price then rebounded exactly on the 1D MA200 (orange trend-line) and...
✅GBP_JPY has retested a key resistance level of 188.793 And as the pair is already making a bearish pullback A move down to retest the demand level below at 186.799 is likely SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
The USDJPY pair eventually took the bearish path last time we made a trading plan (November 28 2023, see chart below) and hit the 143.550 Target: The price has now made a short-term (at least) top as the 1D RSI got rejected near the 70.00 Overbought barrier. As a result we are expecting a reversal towards at least the 1W MA5 (red trend-line), which has been...
GBPJPY is on a bullish 1D technical outlook (RSI = 65.529, MACD = 1.210, ADX = 62.251), which is a natural consequence of the strong 3 week rally since the January 2nd bottom. However this rally appears to have come to an end as not only has the price hit and got rejected twice on the R1 level (188.660) but the 1D RSI has also reach the top of its six month...
USDJPY is on a bullish 1D technical outlook (RSI = 66.246, MACD = 0.750, ADX = 53.805) as the price has established trading over the 1D MA50, negating a potential 1D Death Cross and is extending the bullish wave inside the Channel Up. The 1D RSI looks like March-April 2023 so far which was the start of the second bullish wave of 2023. We are expecting a minimum of...
The Japanese Yen is one of the worst performing currencies in 2024. It has weakened 5.4% against the USD. Forces have been stacked against Yen ever since the US Federal Reserve started raising interest rates at a record pace. In sharp contrast, ultra loose monetary stance from the Bank of Japan (BoJ) resulted in wide policy rate differential of 5% between...
Hello,Traders! USD-JPY is already making A local pullback from the Horizontal resistance of 146.500 And the pair is oversold So I think that it will go down Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
USD/JPY Dynamics: Fed Speculations, CPI Impact, and Bearish Signals The Japanese Yen (JPY) has marked a second consecutive day of gains against its American counterpart, recovering from a one-month low following the release of US consumer inflation figures. Despite a slightly hot headline US Consumer Price Index (CPI) and comments from Federal Reserve officials...
Market has approached the 4H supply zone. Wait for the market to shift momentum in lower time frame, then go short. Happy Trading.
✅AUD_JPY will be retesting a resistance level of 97.600 soon From where I am expecting a bearish reaction With the price going down but we need To wait for a reversal pattern to form Before entering the trade, so that we Get a higher success probability of the trade SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
USD/JPY Analysis: Bearish Momentum Persists Amid BoJ Policy Uncertainty The USD/JPY pair struggles to find upward momentum, remaining entrenched in a bearish trajectory after touching the 50% Fibonacci level from the previous swing high. As the market digests the aftermath of the New Year's Day earthquake in Japan and contemplates the Bank of Japan's (BoJ)...
✅GBP_JPY will soon retest a key support level of 178.500 So I think that the pair will make a rebound And go up to retest the supply level above at 180.500 LONG🚀 ✅Like and subscribe to never miss a new idea!✅
USD/JPY: Earthquake Fallout and Technical Signals Shape Trading Dynamics The Japanese Yen (JPY) faces early selling pressure on the first trading day of 2024, weighed down by the aftermath of a devastating earthquake in central Japan. This unfortunate event, coupled with a recovering US Dollar (USD) and rising US Treasury bond yields, contributes to the USD/JPY...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As mentioned in my previous 2 articles which you can find the link below, daily trend of UJ seems to be turning lower. though the japanese boj has yet to carry out much actions, chart is still showing bearish signal from daily to h1. bias still to short. Do check out...
USD/JPY Under Pressure: Dovish Fed Outlook and BoJ's Caution Fuel Bearish Momentum The USD/JPY pair continues to experience losses as the US Dollar (USD) weakens, influenced by the dovish outlook presented by the Federal Reserve (Fed) in the first quarter of 2024. The recent decline gained momentum on Friday, triggered by softer domestic consumer inflation data,...
The NZDJPY pair is trading within a Channel Up pattern using the 1D MA50 (blue trend-line) as a pivot point as of late. We can see a diverging (dotted) Channel Up that has priced the recent Higher Highs as well as being supported by the 1D MA200 (orange trend-line). The 1D RSI has rebounded on the 39.90 Support level, which is where the last two Higher Lows has...
✅EUR_JPY is making a rebound From horizontal support of 156.200 So I think that the pair Will go further up LONG🚀 ✅Like and subscribe to never miss a new idea!✅