The yen has appreciated recently after the Bank of Japan intervened in the currency market. This is a significant development with potential implications for the foreign exchange market. Considering Going Long on JPY? A stronger yen could be an attractive opportunity for traders looking to go long on the currency. However, it's important to conduct thorough...
📈 Overview: NZDJPY, amid a bullish trend, shows a bullish divergence near its higher low. The current retracement from the 0.618 Fibonacci level suggests potential upside. 📊 Technical Analysis: Bullish divergence and retracement from 0.618 indicate a favorable risk-reward ratio for potential long positions. 📉 Trade Strategy: Traders may consider long positions,...
Despite its bearish streak, we've hit a solid support zone. This isn't just any support; it's withstood three tests, each weaker than the last. Now, catch this: we've broken the upper trendline! This could mean a sharp rise back to the previous high and even higher. Join us for a real-time market analysis and seize the opportunity to make a move based on it.
As you are aware, the USD/JPY currency pair has been experiencing considerable volatility lately, with the exchange rate approaching the critical level of 155. While we strive to maintain a balanced and unbiased approach, it is essential to acknowledge the potential consequences if the USD/JPY falls beyond this threshold. In such a scenario, it is highly likely...
Looking at the trend, I am looking for price to continue on its downtrend. Currently at a S/R zone, reaction to zone should be taken into consideration once market opens. Overall I am bearish.
#USDJPY Short term retracement coming to an end. Market could potentially be ready to complete next wave. Fib target remains at 153.829 Market in sell zone, waiting to break above counter trendline as resistance to enter into buy zone. Strategy is to buy breaks and retest to fib target whilst the Feds are still hawkish. CPI numbers to be released later today as an...
In the left chart (4H time frame), you can see buyers are weak now and couldn't push the price to cross the supply zone (136.4-136.7) The angle of the upward leg is lower than the downward leg and shows a possible pullback. On the other hand, in the 1H chart, we have a large green candle, which after that, the price completely reversed with two candles, so it's...
The price went down out of the ascending channel. The gap opened earlier was closed. I expect a correction to the support level with further breakdown of the resistance level.
From the Daily all the way to the 15 Minute timeframe GBPJPY is bearish. at this point trend is our friend, we are currently trading under my 8 EMA which also is a confluence to my analysis. previous lower high was just broken with the precious one hour candle that just opened which could be a possibility we see GJ continue down to the 155.200 level . * simply...
Price is stuck between supply area and a demand. Price has been ranging for months so wait for a breakout to see what the banks will do.
CADJPY. If a Pin Bar or Rejection Candlestick forms at the 89.447 price area, then consider a long entry.
USDJPY has being bearish for weeks , now price tested a key level at marked zone and rejected it & has closed back above another important zone.We can also see the large engulfing candle showing lots of bullish momentum on the Dollar. If not yet in the trade , wait for minor retracement , to the marked zone then jump in .If it doesnt retrace and continues bullish...
this sign is the end of the bullish trend because there is a large volume plus a large candle at the end of this trend and the start of the bearish trend towards the VWAP indicator, as sellers will enter the markets this means that there is an opportunity to sell signal to sell
Hello Fellow Trader! AUD/JPY has dropped 5.5% from August highs finding a price zone where major reversals have started. Also coincides with June close – July open price. Watching closely for trend line break and a hold above for confirmation to enter. Fundamentally it is quite difficult to go against the Japanese Yen for its haven qualities in global...
Clear rejections yet again from the 114.00-114.50 Area we should see CHFJPY fall to the downside unless it tests thats area of resistance again .TP and SL message me
I am looking for BREAK of Support. Expecting it to continue BEARISH.SELL STOP AT 106.374 and SL: 106.499 and TP: 106.124. 12.5 pip SL and 25 PIP TP for a 1:2 RISK TO REWARD. Manage RISK to your level. Check out my YouTube at NOEFXX.
Only entering on price action confirmation
EURJPY found support on 50% Fib Level and we anticipating a bullish continuation. SCENARIO Recommendation: Buy Look for lower timeframe corrections and buy after completion of it. Good Luck