UJ giving us the reverse of GJ which is a bullish swing range with an unmitigated POI at its base, as a whole iam seeing a clear bis and entry for this setup, now of course we might not het this tap in, if we clash with red folder news we might get a shift out lower so just keep in mind! As we start this week iam looking for a test of our swing high to take the...
Starting things off as we do a lot of the time with GJ We are sitting in a clear swing low range so we aim to see the low of this range taken out coming into next week but we do have a few highs above our current price, which tells us that we may have a shift higher into some of this liquid, as a whole iam not holding either our low or our high as a certainty...
Hey Traders, in tomorrow’s trading session we are monitoring USDJPY for a buying opportunity around 147 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 147 support and resistance area. Trade safe, Joe.
as the JPY getting weak across the board , i am interested in adding three buy limits on three charts. #USDJPY Buy limit @147.15 SL @147.00 TP @ 147.73 Expected more than 4R
USD/JPY Holds Steady as Investors Await Key US Data The USD/JPY pair is maintaining its positive stance, hovering around the 147.50 mark, as traders eagerly anticipate the release of crucial US economic data. Recent developments have provided mixed signals for both the US dollar (USD) and the Japanese yen (JPY). In the US, the Bureau of Labor Statistics...
as the JPY getting weak across the board , i am interested in adding three buy limits on three charts. #NZDJPY Buy limit @87.02 SL @86.82 TP @87.78 Expected more than 3R share your thoughts. Disclaimer The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford...
The GBPJPY pair is trading inside a Channel Down with the price currently under its middle. It appears that there is an internal Falling Support holding the Lower Lows since August 25th. Considering that the 1H RSI is oversold, this emerges as the ideal setting for a new buy. Buy now and target the Falling Resistance at 184.250. Previous chart: Follow...
Sell USDJPY Wedge Breakout Price breaks the Rising wedge pattern now, its good chance to sell today, Thank you
Hey Traders, in today’s trading session we are monitoring 146.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.800 support and resistance zone. Trade safe, Joe.
The Japanese Yen pushed higher in Asian trade after Bank of Japan governor Kazuo Ueda suggested that the central bank may start to shift away from its ultra-loose monetary policy if inflation begins to move to target. Governor Ueda said that the central bank may have enough data by the year-end to shift away from negative bond rates, adding that the central bank...
USDJPY is trading inside a Channel Up for almost a month. It priced the last Higher Low on September 11th and now has established the price action over the 4hour MA50. All Higher Lows have been met with a 4hour MACD Bullish Cross. As a result this is an extension of the bullish Channel Up wave. Buy and target 148.500 (+1.79% rise as the wave prior). Previous...
Hey Traders, What we believe UJ price moves as mentioned on the chart, So we expect price to break just above and go higher, Therefore, how you can jump in this trend? Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency, So how we enter! Look I mentioned...
Due to the slowing down of the upward movement, the probability of returning from the red zone is very high. Oscillators confirm this idea to a large extent.
Last week we outlined a bearish bias on the daily EUR/JPY chart, due to its elongated bearish candle below 160 following an established RSI divergence on the daily chart. The 1-hour chart shows a strong move lower from the August highs, followed by choppy price action and a lame attempt to recoup half of the losses sustained from the initial drop - which suggests...
While NOK (Norwegian krone) has the strongest statistical relationship with Brent and WTI crude, we can see a strengthening correlation between crude and the CAD. We see the 1-month correlation between crude and CADJPY at 0.68, so it's meaningful. We also see (on the daily) price breaking out of the top of its recent range of 108.50. While many will be concerned...
Hey Traders, in today’s trading session we are monitoring USDJPY for a buying opportunity around 146.300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 146.300 support and resistance zone. Trade safe, Joe.
EURJPY - 24h expiry Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a...