The weekly chart shows a bullish engulfing candle formed last week, which marks 140.25 as an important swing low. Whilst we remain unconvinced the pair will simply break above 152, it does show the potential to extend its countertrend bounce. However, with the pair stalling beneath last week’s high ahead of a key US inflation report, the potential for a pullback...
Market has approached the 4H supply zone. Wait for the market to shift momentum in lower time frame, then go short. Happy Trading.
USDJPY has grabbed the inducement and now is standing at its supply zone. As the market is currently in the sell trend. We will take change for a short position. You can go short from here and hold your trade till the next demand zone. Happy Trading.
+ 1.) daily 3 pin formation on daily level 2.) daily support level (157.684) 3.) daily orderflow bullish 4.) 4h manipulation wick 5.) strong 4h divergence 6.) broke 4h trendline 7.) no 4h/30 min divergence against us - 1.) choppy price action on monthly/weekly timeframe 2.) no clear momentum on higher timeframes overall not the best price action but i think...
CHFJPY is technically bullish on its 1D timeframe (RSI = 60.353, MACD = 0.670, ADX = 36.092) but the picture is more efficiently depicted on the 1W chart where it has already completed three straight green weeks. The 1W RSI points to a multimonth rally comparable to those that started in May 2022 and March 2023. Both peaked at a little over +18.00%. This time...
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)...
#GBPJPY UPDATE Hey Traders, Hope you are enjoying your trading journey and our trading analysis. We are here to update you about our another analysis about #GBPJPY. Traders, Anna is monitoring the Forex pair #GBPJPY. GBPJPY Breaks the trend line and go very smoothly toward upside until the mentioned resistance level. Here we had another opportunity to enter...
1. European underperformance relative to the US should weigh on the shared currency. 2. The Japanese currency was a significant underperformer during the global tightening phase, and so we believe the currency can become a significant outperformer during the global easing phase. 3. A likely hawkish monetary policy shift from the Bank of Japan later this year,...
GBPJPY breakout idea for further movement to the upside! ----- I will be waiting for GBPJPY to break out of the resistance zone and then retest the zone before taking long positions!
AUDJPY is neutral on its 1D technical outlook (RSI = 51.262, MACD = -0.010, ADX = 30.583) as it has been trading around its 1D MA50 for the last three weeks. We are currently on the bullish wave after the Channel Up made a HL on the 1D MA200, which is the long term Support (since June 2nd 2023). We are going long on today's pullback and target the R1 level (TP =...
EUR/JPY - M30 Chart - Rising Wedge Formation Price Breaks the pattern now. its Good chance to sell. Lack of Major News: So far today, there hasn't been any major news impacting the EUR/JPY pair. Thank You.
Greetings Traders, In today's trading session, our focus shifts to USDJPY, where we are actively monitoring a potential selling opportunity around the 144.600 zone. After trading in an uptrend, USDJPY has experienced a significant breakout to the downside. The currency pair is currently navigating a correction phase, steadily approaching the critical retrace area...
GBPJPY long retest trade idea. ----- I will be looking for price to break this level. ----- Then I will be waiting for a retest before entering a long position to aim for new highs.
EURJPY get rejected by the resistance zone at the 158.500 level and closed red for the day. ----- I have a feeling it is going to break out the upcoming week and make new highs. ----- We might see some kind of small pullback before EURJPY blasts trough this zone. ----- Will be looking for long positions when this happens. ----- Let me know what you think!
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking at a potential double bottom to break to the upside, if that doesnt happen UJ likely gonna move lower ,waiting for h1 confirmation... Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something...
Welcome to 2024 Traders and Tradingview community. So far this week, we have seen plenty of volatility to start the new year. Crypto has seen solid moves, and the USD has been mainly positive into the first week of the year. The JPY has also been seeing movement, but mainly to the downside into 2024. It's the majors that have caught our attention today as we...
NZDJPY - 24h expiry The trend of lower highs is located at 90.50. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 89.75 will confirm the bearish momentum. The measured move target is 89.50. We look to Sell at 90.30 (stop at 90.70) Our profit targets will be 89.30 and 89.05 Resistance: 90.30 /...
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.