After price closes past the zone I am going to enter my sell order at 186.168 and i will take profit at 185.877.
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 147.200 zone, USDJPY was 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 147.200 support and resistance area. Trade safe, Joe.
US dollar to the Japanese yen giving us some very clean movements within its bearish range we're looking for the swing load to be ran for this bearishness to continue unless we have a break off the swing high we will continue to be bearish on this pair as it stands no other entries until we break out of this swing low we'll be watching the first few sessions of...
Hey Traders, in the coming week we are monitoring AUDJPY for a selling opportunity around 98.200 zone, AUDJPY was 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 98.200 support and resistance area. Trade safe, Joe.
After descending from a double top formation at 151.54, USD/JPY established a support level at 148.25. However, it has recently breached this support, indicating a potential move towards the next support level at 145.53. Investor attention was captivated early on Friday by Japan's unemployment data. The unemployment rate saw a decline from 2.6% to 2.5% in...
#CHFJPY UPDATE Hi team, hope you are enjoying your trading journey. We are here to update our analysis about CHFJPY. CHFJPY is going up with the proper channel and trend line. Here we can see a bullish move soon, As it mitigate the most recent Resistance zone and retest the trend line. Accordingly we can find a bullish trade opportunity.✍ Stay with traders for...
(Did this publishing on my mobile app.) On the Daily timeframe, a potential ABC pattern has been spotted. If you look left, the ABC pattern from the past is what I’m referring to. The RSI is overbought at this level and there is also a potential divergence being created between price and RSI. Buyers seem to still want to push but the effort in action seems like...
The AUDJPY has come up to test the PCZ of this Bearish Shark two times so far and it is now trying to come up for a third but has been slowed down by the 21SMA. If the 21 SMA manages to keep it down I think we can get an impulsive move down to around the 800EMA at 92.50
FX:GBPJPY is forming a set-up within the ascending channel, which predicts the continuation of the trend, but for this the price needs to overcome the resistance at 188.28. On D1 we can see that fundamentally and technically the national currency of Great Britain looks much stronger than the Japanese currency, although Tokyo has been trying hard to strengthen...
I usually publish daily charts but will now switch to 4 hour. There looks to be rsi divergence between the 4 hour, daily, and weekly timeframes (dotted line). Price has been rising on low decreasing buyer volume recently. Started a leg here and am looking for a 20% to 40% fib retracement of the previous macd low. Buyers seem to be staggering a bit at this...
It's been quite long since we had a short-term trade (see chart below) on the GBPJPY pair: This time we found an excellent long-term sell opportunity on the 1W time-frame. As you can see it is cyclical in nature having emerged by the rejection of the price on the Higher Highs trend-line of the 4-month Ascending Triangle. The cyclical characterization stems...
The Japanese Yen continues to exhibit relative strength amid hawkish expectations from the Bank of Japan (BoJ). Bets on a series of Fed interest rate cuts in 2024 are dampening the USD and weighing on USD/JPY. Bearish speculators are becoming cautious, eagerly awaiting the release of the US Personal Consumption Expenditures (PCE) Index data later this Thursday for...
#GBPJPY UPDATE Hey traders,Welcome to Anna trade charts. Hope you are enjoying your trading journey and our trading analysis too. Today Anna is monitoring the pair GBPJPY. GBPJPY is forming a Rising wedge pattern and it is now its on support level. Also we had a demand zone, where we can execute our trade. Be with us and support our analysis, if you found...
NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 90.75 will confirm the bullish momentum. The measured move target is 91.50. We look to Buy at 90.50 (stop at 90.18) Our profit targets will be 91.30 and 91.50...
JPN225 has been moving to the upside and recently broke this resistance. Now the resistance has turned into support, If it holds Jpn225 could move to the upside :)
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 147.800 zone, USDJPY is trading in a downtrend and currently is in a consolidation phase in which it is approaching the trend at 147.800 support and resistance area. Trade safe, Joe.