The CADJPY pair is trading within a 5-month Channel Up pattern, exactly on its 1D MA50 (blue trend-line). We notice the formation of a Triangle within it, similar to April's. If the 1D candle closes below its Higher Lows trend-line, then we will sell targeting 104.250 (Support 1). If the price breaks above the Lower Highs, we will buy and target long-term the 2.0...
I believe that the GBPJPY price might initially break the ascending trendline. There are several areas of uncertainty, with FVG to be filled on both sides. I am also providing you with the Fibonacci retracement levels. Please be cautious of the well-regarded 0.50 level on this pair. The ongoing developments concerning China are negatively affecting market...
Hey Traders, in today’s trading session we are monitoring CADJPY for a buying opportunity around 106.900 zone, CADJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 106.900 support and resistance zone. Trade safe, Joe.
Hey traders, Daily ***market broke recent key lavel, and making retest.... Hourly **Market touched the strong resistance trend line *Confirmed 2 candle rejection We have targets Lets ride with market
Starting our week off the same way we have the last few weeks with GJ. Now on Friday we had a slow day for PA but overall we did put a new sell range in, showing deeper sell side prices are to be expected for the next expansion on GJ, now there are some keu points to keep in mind with the range. firstly we have a very weak break on our SWL, this tells us that...
Hey Traders, in tomorrow's trading session we are monitoring AUDJPY for a buying opportunity around 92.400 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 92.400 support and resistance zone. Trade safe, Joe.
The JPY index could begin a slight recovery, and we conclude this based on data on increased inflation, which would produce an intervention by the Bank of Japan. For targets, we are looking at Fibonacci 38.2%-61.8% range.
I am looking at a potential strengthening of JPY and therefore bearish on its crosses. Mainly will look at NZDJPY and CHFJPY as well. **Find out more from my Tradingview Stream this week** *************************************************************************************** Hello there! If you like my analysis and it helped you ,do give me a thumbs ups on...
Hey Traders, in the coming week we are monitoring USDJPY for a selling opportunity around 145.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 145.500 support and resistance zone. Trade safe, Joe.
The CHFJPY pair has been on a very strong and steady rise, supported by the 1D MA50 (blue trend-line) since the March 29 break-out. Our last signal was on April 28 (see chart below): The situation hasn't changed and the trend remains bullish, aiming at a +8.00% extension. Our target is 171.000. If however the pair breaks below the 1D MA50, we will close it...
TEST of daily bias BOS Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the...
The AUDJPY pair is on the 3rd day after a Double Top rejection on the 1D MA50 (blue trend-line). That was a Lower High at the top of 2-month Channel Down. This is a sell opportunity, as long as the price is closing 1D candles below the 1D MA50. Our target is a -3.68% decline (as the previous legs) at 91.450. You can more safely settle for the 1D MA200 (orange...
NZDJPY - 24h expiry Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end. 86.30 continues to hold back the bears. Bespoke support is located at 86.27. 86.27 has been pivotal. We look to buy dips. Daily signals are mildly bullish. We look to Buy at 86.45 (stop at 86.05) Our profit...
For this particular pair and AUDJPY am highly biased on shorts this week. this may be to complete a correction before the next upwave. It has issued a contracting flat as a continuation pattern.
FOMC mins are up today as the highlight and Aussie jobs. We have a number of potential setups for the day ahead as the video shows in Gold, DXY, EUR/USD, AUD, Yen and the indices such as US30, 100 and SP500.
Hey Traders, in today's trading session we are monitoring EURJPY for a buying opportunity around 158.700 zone, EURJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 158.700 support zone. Trade safe, Joe.
The USDJPY trades with choppy price action between the 145 and 146 price range. With increasing comments about the weakness of the Yen and the possible invention from the BoJ, the longer the USDJPY stays at this price level, the higher chance we are likely to see an intervention. However, we cannot rule out a continuation of the upside, especially if the DXY...
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 93.700 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 93.700 support and resistance zone. Trade safe, Joe.