My first analysis about the JXY. It will be done periodically from now on to keep a fresh perspective over one of the most important currencies in the world. The Japanese Currency Index (JXY) is a stock market index that measures the performance of the Japanese yen against a basket of six other major currencies: the US dollar, the euro, the British pound, the...
Today's focus: USDJPY Pattern – Ascending Triangle Pattern Support – 146.50 - 144.75 Resistance – 147.92 Thanks for checking out today's update. Today, we have run over USDJPY, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis. The USDSJPY continues to be locked up in a bullish continuation...
Looking at the technical picture of USD/JPY on the 4-hour chart, we can clearly see that this pair is trading around 147.30 and has momentum to return to the expected short-term bearish support line. _Given that the trend line remains intact as a rule, we must stick to the script and aim lower. That means we will follow that plan. If we clearly see a strong...
I'm expecting continued Aussie strength as the market expects China recovery is in progress. BoJ interest rate and minutes will be big news on Friday, but before then I expect to see a continuation up within the current rising channel, breaking and retest initial support around 95.6 to rise to test the 96.6 support. We're heading into very choppy waters now, and...
The asset in question is currently adhering to a prevailing downtrend, exhibiting a prolonged phase of consolidation. Notably, it has recently dipped below the support level observed in the previous two weeks, located at the 184 area. In the upcoming sessions, our strategy revolves around the potential for a price rebound, targeting the 180.4 threshold as a...
The EURYEN demonstrated commendable adherence to our established trading range throughout the previous week. In the upcoming week, our primary focus will be on the potential for an upward rally, as denoted by the directional arrow, where a formidable resistance level resides. In the event that the price maintains its position below this resistance threshold, we...
RISK : 2 % USDJPY: A Wide - Waiting for FOMC This Time The price is close to old levels and the likelihood of a possible intervention by the BOJ will increase It was the only price zone where the BOJ intervened last year.
The EURJPY pair has been trading within a Channel Up pattern since March. The price is currently on the 1D MA50 (blue trend-line) at the bottom (Higher Lows trend-line) of the Channel Up. As long as the pattern holds (bottom intact, closing 1D candles above it), we have the opportunity for a low risk buy to target the Internal Higher Highs trend-line at...
HI Traders, USD/JPY's bullish rally seems to be running out of steams and bullish momentum is beginning to the weakened down showing some downside preparation. 📌 Currently, the price is forming up a bullish wedge pattern in the 8H chart of usd/JPY. 📌 The price is showing a very prolonged Divergence taking note of the RSI indicator revealing LL and LH when the...
the USD/JPY pair hovers around 147.50 after retracing from 147.70 during the early European trading hours on Friday. Meanwhile, the US Dollar Index (DXY) trades near its highest daily close since March near 105.30, supported by the robust US economic data. Market players will take cues from the preliminary University of Michigan (UoM) Consumer Confidence survey...
Details on chart - looking to see more bears enter to reach a better buyers zone before continuing with the HTF trend
CADJPY is on our radar at the moment. We currently appear to be in an ABC corrective wave and looking for wave C lower. On the lower timeframe we'll be looking for reversal patterns to indicate that wave B has completed and that we've started wave C. Trade Idea: - Watch for lower timeframe reversal patterns or trendline breaks - enter with stops above the...
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...