Hey Traders, Check out this technical analysis on USDJPY. USDJPY is currently trading with bearish momentum, so anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. In short, here are some key takeaways from the news on Thursday from the BOJ: asia.nikkei.com - The JPY strengthened by over 5 yen against the dollar in response to comments by Bank of Japan Governor Kazuo Ueda hinting at a potential exit from the bank's negative...
JPY pairs gave us a good move to the downside nd now taking a slow correction CHFJPY is on the lower side of this liquidity pool and could go down further :)
After a test of a confluence zone based on a daily horizontal resistance and 318 retracement of the major bearish impulse, EURJPY dropped and violated a support line of a rising wedge pattern on an hourly time frame. It is an important bearish confirmation. We may see a bearish movement to 156.2 / 155.5 soon. ❤️Please, support my work with like, thank you!❤️
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 146 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 146 support and resistance area. Trade safe, Joe.
Hey Traders, in today's trading session we are monitoring CHFJPY for a selling opportunity around 166.650 zone, CHFJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 166.650 support and resistance area. Trade safe, Joe.
The EURJPY pair has been trading within a Channel Up pattern since the March 07 2022 Low and only last Thursday hit the 1D MA200 (orange trend-line) and is rebounding. At the same time the 1D RSI got oversold (below the 30.00) and is also rebounding. The last 1D MA200 rebound that turned into a Higher High for the Channel was on August 02 and peaked on the 1.382...
#USDJPY UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #USDJPY. USDJPY is forming a bullish peanut as well. Here we can see that it turns into the bullish direction where is a efficiency in the previous days and we had a strong buy momentum last day. Also it break above the resistance line of...
#CADJPY UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #CADJPY. CADJPY will go up according to the LTF. As it was going up and then formed a bullish peanut, A symbol of a possible continuation of trend. Also we had a clean down previously so CADJPY must had to touch the mentioned resistance...
CHFJPY short from big resistance zone! Let me know what you think!
#CHFJPY UPDATE Hello traders community. Hope you all are enjoying your trading journey. Today we are looking into the #CHFJPY. CHFJPY was in a strong down trend yesterday and start moving upside after grabbing the liquidity. Here we can see that it has done the consolidation and form a bullish peanut, that is a symbol of bullish move. This is a high quality...
NZDJPY - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Further upside is expected. 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 buy from current levels. A move through 89.50 will confirm the...
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...
GBPJPY bounced from support as I have shared. Now we could see a big pullback coming as GBPJPY already moved with more then 1% today. If I see price getting rejected in this zone I will be looking for short positions! Let me know what you think!
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...
EURJPY like all other JPY pairs is in a big bullish uptrend. If we see a bullish start on monday, I have a price target of 158.00 where price might see a pullback or it could blast right trough you can never know! Let me know what your thoughts are on JPY for this week!
Hello traders it looks to me that we might see a bearish reversal of GBPJPY it looks to me that the buyers are getting weak as i showed in the rsi but also the bearish retracements are getting stronger and stronger. if we break bellow that yellow zone the bearish reversal is confirmed !
Hey Traders, in the coming week we are monitoring USDJPY for a buying opportunity around 144.600 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 144.600 support and resistance area. Trade safe, Joe.