JP225 is already heavily overbought at the current pricepoint and an imminent correction is in order. NET buying has been fading.. 4h lower highs has been spotted -- conveying weakening long momentum. Expect some trim downs from this levels: 28400 TAYOR.
JP225YJPY - 24h expiry Price action looks to be forming a bottom. Short term bias is mildly bullish. Preferred trade is to buy on dips. The hourly chart technicals suggests further upside before the downtrend returns. Further upside is expected although we prefer to buy into dips close to the 37830 level. We look to Buy at 37830 (stop at 37530) Our profit...
TVC:NI225 has been in bearish trend printing series of Lower Lows and Lower Highs. Currently, It has been retraced to premium fib 75% level where we can look for short opportunities. Will it continue it's bearish momentum ?
NIK225 - 24h expiry Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. A higher correction is expected. Our short term bias remains negative. We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower. Weekly pivot is at 37771. We look to Sell at 37805 (stop at 38125)...
Animal spirits are palpable in the Land of Rising Sun. Nikkei-225 smashed through it previous all-time-high set more than 40 years ago. Japanese equity markets have turned steaming hot over the past year after stagnation through lost decades. Strong foreign investment inflows, positive impact from the corporate governance reforms, portfolio rebalancing away...
USD/JPY continues its downward trend for the second consecutive session, trading below the 141.30 level during the Asian hours on Thursday. Improved trade data from Japan in November has exerted pressure on the currency pair. However, less optimistic remarks from Bank of Japan Governor Kazuo Ueda may weigh on the Japanese Yen. From a technical standpoint, the...
The Japanese Yen (JPY) faced a decline after softer domestic consumer inflation data, raising uncertainties about the Bank of Japan's (BoJ) potential policy tightening. BoJ's October meeting minutes revealed a consensus to maintain the accommodative policy, contributing to JPY weakness. The USD/JPY pair saw a modest recovery from weekly lows, supported by the...
From a technical standpoint, spot prices indicate a potential rebound below the 142.00 level, seemingly breaking the two-day downtrend. This suggests that the overnight break back below the 200-day Simple Moving Average (SMA) is crucial support for bearish traders. Furthermore, oscillators on the daily chart remain firmly in negative territory, indicating minimal...
The Japanese Yen regained positive momentum in the Asian trading session on Tuesday. USD/JPY partially eroded some of the strong recovery seen in the past two days. Investors are awaiting the US Consumer Price Index (CPI) for fresh impetus ahead of the FOMC meeting on Wednesday. From a technical standpoint, USD/JPY showed a certain degree of recovery last week at...
The Japanese Yen has surrendered recent gains against the US Dollar amidst speculation of a Fed rate cut in March and a shift in the Bank of Japan's (BoJ) policies. Despite a day-end recovery, USD/JPY experiences one of its worst trading days in over a year, dropping below 142.00 and closing just above 144.00. Despite the intraday recovery, USD/JPY had one of its...
The Japanese Yen extended its robust upward momentum against the US Dollar on Friday and kicked off the new week with a positive sign, pulling the USD/JPY pair to a nearly three-week low around the 146.25-146.20 range during the Asian trading session. The US Dollar is attempting to recover from its lowest point in two and a half months at 146.65, supported by a...
The USD/JPY pair regains positive momentum, partially reversing significant losses from the previous day, returning to the 150.15 zone, the week's lowest level. Intraday buying activity intensified after Japan's GDP print fell below expectations, pushing the spot price to new daily highs. The USD/JPY exchange rate fluctuates around 151.70 during the Asian trading...
USD/JPY rebounds from recent losses observed in the previous session following weaker-than-expected US inflation data. However, the pair trades slightly higher around 150.60 in Asian trading on Wednesday. The USD/JPY exchange rate fluctuates around 151.70 in Tuesday's Asian session. The pair holds near yearly highs and has the potential to surpass these levels if...
The Japanese yen faced rapid depreciation today, approaching levels not seen in 33 years, following signals from Federal Reserve Chairman Jerome Powell that interest rate hikes may continue amid concerns about persistent inflation. The yen traded at 151.44 against the US dollar, showing a slight 0.06% increase from the previous session. On Thursday, Powell...
📈 JP225 Analysis - Long Trade Potential Revealed 📉 Step into the captivating world of Elliott Wave Analysis as we unveil an exciting long trading opportunity on the JP225 (Nikkei 225) index. 🌊 With Wave 3 in the spotlight, the current market scenario presents a promising wave pattern for long positions. Join us for an in-depth analysis where we break down...
As indicated in the chart, it is evident that we are currently experiencing a robust uptrend. However, there has been a recent corrective phase in the price action that presents an intriguing opportunity. I'd like to share my perspective, especially as an educational channel. The JP225 has been on an upward trajectory for quite some time, and if you observe the...
OANDA:JP225USD Entry short again FractalsMarket | Fractals trend line | channel analysis | fibonacci support resistance | pivot points
OANDA:JP225USD Stock Index Japan Fractals Market FractalsMarket | Fractals trend line | channel analysis | fibonacci support resistance | pivot points