Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 148.200 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.200 support and resistance area. Trade safe, Joe.
My analysis on USD JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
The AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Buy Entry: Consider entering a long position (buying) around the current price of 97.77,...
Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.400 zone, GBPJPY is trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.400 resistance area. Trade safe, Joe.
There is possibly no bigger trading event this week than the Bank of Japan’s decision on Monday. The groundwork for abandoning negative interest rates has been subtly laid since last year, and now, this could very well be the month they choose to make their move. The prospect of ending a policy entrenched for nearly two decades could significantly move the...
The GBPJPY pair is testing the 0.618 retracement at 190.04. The RSI shows positive sentiment and has broken above its falling trendline, indicating that GBPJPY is likely to break above the 0.618 retracement and move higher. If the RSI closes back above the 60 thresholds, GBPJPY is likely to break above the February peak at 191.33 and move towards the 1.382...
The AUDJPY pair is approaching strong resistance and the 0.618 retracement at around 98.20. A daily close above this level could fuel a rally towards the February peak at 99, with potential up to 100, especially if the RSI supports the bullish view. If rejected at the resistance, AUDJPY is likely to slide back to 97
The EURJPY pair is breaking above the 0.618 retracement at 162.38. The RSI shows positive sentiment and has broken above its falling trendline, indicating that EURJPY is set to move higher. If the RSI closes back above the 60 thresholds, EURJPY is likely to break above the February peak at 163.72, with potential to reach 165.00-165.88. If it fails to close above...
NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. RSI (relative strength indicator) is flat and reading close to 50 (mid-point) highlighting the fact that we are non- trending. Risk/Reward would be poor to call a sell from current levels. A move through 90.60 will confirm the bearish momentum. The measured...
My analysis on GBP JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
After price broke structure to the downside with momentum, it preceded to retrace back towards a very extreme supply zone that it left behind during the expansion. It has currently formed liquidity below this supply zone that it could use to fuel its move further to the downside to break the recently formed weak low. The reason a short would be ideal now is...
My analysis on EUR JPY, I use limit orders so I don't need to be in front of the chart all day. To consider this a good entry there are certain criteria to follow: 1. Clean BoS with IMB. 2. * Look for areas where liquidity has been purged. 3. * Stochastic: in uptrend 0-15, in downtrend 85-100. ( * ) = Not optional but increases our probability. I use Fibonacci...
With the potential of the Federal Reserve lower rates and the possibility that the BOJ will increase interest rates, this could be a great trade. The BOJ has kept interest rates in the negatives for quite some time and after years and years, inflation was able to manifest itself and push the BOJ to be one of the last Central Banks of the G7 nations to increase...
Today's focus: GBPJPY Pattern – Continuation/resistance test? Support – 188.20 Resistance – 191.15 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the GBPJPY daily. The BOJ lifted rates today to 0.10%, breaking the run of negative rates and showing a change in direction not seen since 2007. The BOJ also advised an end to yield...
The USDJPY pair has rebounded to the 0.618 retracement and key resistance at around 149.20. If it is rejected and fails to close above, the pair could slide back to 148.15 possibly lower. A daily close above 149.20 level indicates short-term potential to reach the February peak at around 150.84, with the 2022 peak at 151.95 also in sight. The RSI is showing...
The markets will come alive this week reacting to the outcomes of an incredible array of tier 1 event risk, with some 14 central bank meetings, including six G10 central bank meetings, as well as numerous emerging market central banks too. At a more micro level, Nvidia takes centre stage with the highly anticipated GPT conference a potential volatility driver...
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. This week gonna be a hectic week for most of the majors with the interest rate news. There are levels to watch on UJ and catch up with me on my streaming to hear me out on deeper analysis! Do check out my stream video for the week to have more explanation in place. Do...
We closed onJan.2nd 2024 our short hedges, and now again all long bullish positions since 14th January 2021 are active. Question:Is Trend Following ,,BUY-and-Hold Strategy? A nswer:Noway. We are not Buy and Hold investor,we take advantages of the ups and downs of the maets. We seel short or buy long at any giveen tradable market, with high liquidity and...