Hey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 187.500 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at at 187.500 support and resistance area. Trade safe, Joe.
The USDJPY pair has been trading within a Channel Up since the March 08 High, giving us numerous opportunities to buy low and sell high (see chart below): Supported by the 1D MA100 (green trend-line) since April 17, the price is now within that and the 1D MA50 (blue trend-line) which has previously been the most optimal buy level within the Channel Up....
Good day, traders. We're going to examine the EURJPY. We will short to the 156.00 or 155.00 zone if we have a breakout and retest at the 156.83 support zone.Please take note that the current price movement at the support level is crucial. Please "like" and "follow" my work.
We've been waiting a lot for this signal! But now, we can reach new heights! We are above weekly and monthly levels! There was a sunny setback, and a nice clean bounce back! Let's go!
gj trade that caught in live market during london session ..all strategy that i put i mentioned on the chart
Pound has been in a long term downtrend, however breaking weekly highs and general sterling strength I believe we will see momentum continue to build an push this pair up to monthly highs. I think the Yen will start to improve against the dollar due to dollar weakness, this generally means that other crosses perform well against it, and we're seeing this with the...
Unlike the other USD pairs this pair is being powered by a secondary which is the JPY of course we know we are in a bullish range here as we can see clearly from the swing high and swing low representation but we have to keep in mind even though bullish price action is probable we are getting very close to the 15O level which is the BOJ intervention level and we...
My students, whom I have taught how to trade forex, have almost two years that they know that the price is likely to reach 200.00. If we look at it with a naked eye, without technical analysis, just by recognizing chart patterns, we see a double bottom formation, whose neckline has been broken and retested. The next move? Towards the resistance at 192-200. (3M) ...
Hey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 150.100 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 150.100 support and resistance area. Trade safe, Joe.
GBPJPY played out exactly how we outlined on our analysis. We called the top, followed by a bearish retracement towards $176.500. If you caught the top, you would have caught 730 PIPS towards our Wave IV target. Now towards the next target of $190 (Wave V)!
From a technical point of view, the trend is bullish on intraday chart, and OANDA:GBPJPY pair could trigger another bullish leg in the short term. If we look on 1H chart, the price remains within a narrow trading range, and this means volatility compression. In this technical context, if the price remains above 184.552 a breakout on the bullish side should be...
The USD/JPY has been on a bit of a slide since last Thursday, hitting an eight-week low of around 147.40 during Tuesday's European session. Right now, it's eyeing the 147.00 mark as immediate support, right after a 38.2% Fibonacci retracement at 146.32. The US Dollar (USD) is taking a dip, reaching a nearly three-month low due to some less optimistic outlook from...
NZDJPY - 24h expiry We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective,...
FX:USDJPY JPY flight to safety currency / safe haven status in play now after the recent geopolitics conflict. Will the strength reverse now in favor of JPY. Let's see. Weekly shift registered. Spotted at 148.90 TAYOR. Safeguard funds always.
Hey Traders, Check out this technical analysis on USDJPY. UJ is currently trading with bearish trend move, 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.
Hey Traders, Check out this technical analysis on EURUSD. UJ is currently trading with bearish trend move, 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.
The recent market dynamics have showcased a resurgence in the USD following signals from the Federal Reserve indicating a prolonged period of stringent interest rates despite the apparent conclusion of the rate-hike cycle. Conversely, the JPY has encountered a mixed landscape amid speculations surrounding the Bank of Japan's potential departure from negative...