Today's focus: EURJPY Pattern – Range support test post LH trend break. Support – 157.05 – 155.85 Resistance – 158.40 – 159.40 (area) Thanks for checking out today’s update. Today, we have run over the EURJPY, breaking down the overall price picture and levels we are watching. The JPY has started the week on a strong note with solid gains so far to the EUR,...
Starting things off with UJ we saw a clear bullish run last week and it looks as if we may seem this carry over into this coming week. from what we have structurally we are sitting at the high of a bullish swing range BUT without having a clear SWH formed, this leads us to believe that we could see a bearish open from our UJ pair. now of course we know the market...
I was bearish on eurjpy for the last week due to the weekly and daily charts, however, when I look at the 2w timeframe there is a completely different bias because on the last third candle price successfully engulfed its previous candle high and it seems like it is picking up orders especially on the psychological level at 157 twice for the next move to the highs.
We're anticipating a potential retest of the 94.930 resistance zone. If this level proves to be strong, we'll be seeking a selling opportunity from there, with our target set around the 93.031 area. Stay tuned for further updates in the upcoming week.
The pair has maintained a sustained upward trajectory for an extended period. Building on the success of our last week’s analysis, we anticipate a continuation of this upward trend in the upcoming week’s trading session. Our strategy is visually represented by the arrow’s direction on the chart. Stay tuned for more comprehensive updates in the forthcoming week.
Last week, the asset saw a downward movement, although it didn’t reach our entry before the movement. Throughout, we held onto the hope that the price would reach our entry point for an upward move, which it eventually did. Our analysis relies on retracements within crucial support and resistance zones. The chart indicates our outlook for the upcoming week with an...
Hey Traders, in the coming week we are monitoring NZDCHF for a selling opportunity around 87.300 zone, NZDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 87.300 zone. Trade safe, Joe.
EURJPY - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. A Doji style candle has been posted from the base. 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....
Hey Traders. In today’s trading session we are monitoring CADJPY for a buying opportunity around 107.100 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 107.100 support and resistance area. Trade safe, Joe.
cadyen is taken its previous liquidity and shifted its structure towards vdown side on on confirmatiomn we can go sells..also we have cad news later today good luck
Hello guys, I hope you're all doing well. For USDJPY, I think the price will still stay upward and continue slowly (between the upward parallel channel) till the 151 area, and then we could expect a reversal or even breaking the major resistance. In my opinion, breaking the resistance has a better chance than reversing it. Finally, I'm looking for the best moment...
GBPJPY up 720 PIPS in profit so far from our POI. Price action still playing out as expected & we can see that bullish momentum is slowly dying down. This indicates that price will most likely top out around our $190 zone as we predicted. This'll be followed by a HUGE BEAR MARKET🩸
USD/JPY Retreats from YTD High Amidst Stimulus Talks and Monetary Policy Divergence Introduction The USD/JPY pair has taken a step back from its Year-To-Date (YTD) high of 147.90 and is currently trading around the 147.40 mark in the Asian session on Thursday. This slight retreat comes on the heels of better-than-expected US data, which has propelled the US...
Hey there traders, Daily Market rejected this key level for previous 2 days in a row. Now we expect upside movement depends on daily timeframe analysis. Hourly market has rejected the support zone most of the time we will enter the market if market shows us the confirmation Disclaimer : we will avoid trade if market break the support zone to ...
The GBPJPY pair is trading within a Triangle pattern, similar to July's. The price is currently approaching the 4H MA200 (orange trend-line), which is untouched since August 08. As long as the pair closes below the 0.382 Fibonacci level, we are selling the bearish break-out and target 181.600 (Fibonacci 1.5). Notice how the 4H MACD sequences between the two...
GBPJPY hit the HH trendline of the two year Megaphone pattern and that has so far put a pause to the uptrend. The 1D timeframe has turned neutral (RSI = 52.182, MACD = 0.480, ADX = 25.579) and is supported by the 1D MA50. The MACD formation reveals that the pair could be ahead of a 0.382 - 0.236 Fibonacci correction as in June/July 2021. As a result there are...
JPY continues to be sold. USDJPY is nearing the previous intervention area of 148-151. The BOJ needs to do something. They are starting to feel the squeeze. Today, the bomb started to tick. The BOJ has suggested they will do all possible to strengthen the Yen. They have two significant weapons: intervention and interest rates. Intervention - This will bring an...
USDJPY is trading in a long-term bullish trend. Since the middle of August, the pair was consolidating within a horizontal range, though. The price suddenly bounced yesterday and closed above the resistance of the range. That violation will most likely trigger a trend-following movement. Next resistance -148.5 ❤️Please, support my work with like, thank you!❤️