In this trading analysis, we will examine the CHF/JPY currency pair and provide insights into the prevailing short-term uptrend bias. Additionally, we will focus on the fundamental factors that indicate weakness in the Japanese Yen (JPY) and support the appreciation of the Swiss Franc (CHF) against the Yen in the near term. Technical Analysis: a) Short-Term...
Hey Traders, in this week we are monitoring USDJPY for a selling opportunity around 144.800 zone, USDJPY was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 144.800 support and resistance area. Trade safe, Joe.
Last week we saw AUD/JPY roll over nicely from a key resistance zone, yet its fast turnaround from the 200-day EMA now has a potential bullish breakout on our radar. A bullish pinbar formed on Friday after prices fell through our bearish target before closing above the 100-day EMA, then breaking above the 50 and 20-day EMAs on Monday. Prices are holding around...
GBPJPY is rebounding after marginally breaking under the 1day MA50 for the first time in 4 months. This is a similar type of rebound as April 23rd 2021. That sequence traded inside an Ascending Triangle. Wait until the price hits the top and sell, targeting the Support at 177.000. Follow us, like the idea and leave a comment below!!
NOTE: Selling opportunities are much more riskier. We're keeping the pair under watch to buy around 179.800 and the much more riskier setup is watching to sell around 183.500 We take less risk for shorting scenario.
Looking for EURJPY to head into this resistance zone to either break it or get rejected by it. Let me know what you think!
AUDJPY has come back up towards the highs of the range for a second time and has seemingly been rejected from the range. It is now breaking below trend and has confirmed a 3 Falling Methods at the break of the trend line. This time around I would expect a much deeper move down than the last time perhaps taking us to as low as the 1.618 Fibonacci Extension all the...
US dollar to the Japanese yen gave us another bullish range to the upside now with this range we have had a very weak break and we have not yet formed our swing high so we're waiting for the high to be formed before we confirm this range overall I believe we will see this push higher as our other pairs are looking as if they may want to push bearish through the...
Here we have British pounds to the Japanese yen with a nice break to the upside showing clear momentum behind this movement the POI that we are looking at is the POI that presents itself during the break between the high volume of London and the high volume of New York we are looking for this to take us higher out of the current range that we are sitting in, of...
Hey Traders, in tomorrow's trading session we are monitoring USDJPY for a selling opportunity around 141.400 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 141.400 support and resistance zone. Trade safe, Joe.
Fundmental: Given the Bank of Japan's decision to maintain ultra-low interest rates while adopting a more flexible yield curve control policy, coupled with positive market reactions and the potential for policy normalization, there is a strong possibility that the JPY225 index will rise in the coming days. The move indicates confidence in Japan's economic...
USDJPY is trading in a bullish trend. The price recently started a correctional movement and dropped to a major rising trend line. A big double bottom was formed on that. To buy the market with a confirmation, wait for a bullish breakout of its horizontal neckline. IF the market breaks and closes above 142.0 level, I will expect a bullish continuation at least...
I'm looking to buy again, I don't think we've seen the top, we're still miles off an ATH. With JPY still weak, Oil strong (which gives CAD strength), and a bullish engulfing candle on the 4hr (and a pinbar almost complete) I think we've had a 50% retracement of the last impulse and now back up. It would be great for this 4hr candle to close above the previous...
SLO @ 141.25 ⏳ SSO1 @ 141.00 ⏳ SSO2 @ 140.85 ⏳ Choose your TP based on your trading strategy: 💴 USDJPY (pip movement per strategy): STRATEGY PIP MOVEMENT Scalping 10-20 pips Intraday 20-40 pips Swing 40-80 pips Position 80-120 pips 💴 The average ATR for USDJPY (based on different time frames): TIME FRAME AVERAGE ATR 1 day ...
The market is very risky… I usually don't trade on days like this .. but I saw a high-risk position ... let's see if we can make some money here. PS. Leave your comments and thoughts.
Fast intraday search through my watchlist. You can follow the price with candle confirmation or whatever strategy you have. None of these are 100 %, complete confident analyses.. this market is all about probability .. so try to work on your risk management and self-control.. all the traders in the world can tell for sure what's going to happen or where the price...