Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. USDJPY has been overall bullish trading inside the rising broadening wedge pattern in red, however it is currently approaching around the upper trendline. Moreover, the zone 146.0 is a resistance zone. 🏹 So the highlighted purple circle is a strong area to look for sell...
Hey Traders, in the coming week we are monitoring USDJPY for a buying opportunity around 141 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the major trend at 141 support area. Trade safe, Joe.
SLO @ 165.66 ⏳ TP1 @ 144.00 (shaving 25%) TP2 @ 132.00 (shaving 25%) TP3 @ 123.33 (shaving 25%) TP4 @ 109.50 (shaving 25%) BLO1 @ 98.25 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat:...
USDJPY is trading on a Channel Up inside a long term Channel Up pattern. The 1D time frame is overbought (RSI = 71.702, MACD = 1.430, ADX = 43.738) and as the RSI entered the Resistance Zone of March 1st, we expect a short term pull back inside the first Channel Up to 141.300. If the bottom (dotted lines) holds, we will buy and target towards the R3 (TP =...
The JPY-funded carry trade rolls on with real vigour and its presenting some very interest tactical and technical opportunities. As many will be aware, we’ve seen the trade-weighted JPY break to new lows, as USDJPY breaks above 143.0, with bullish breakouts playing out all over the JPY crosses. EURJPY and CHFJPY have both been well traded, with the latter...
Rejected a break on CHFJPY. Entered a sell to target a previous Lower Low. Trading kept simple. Only analysis used, also trading during news.
AUDJPY - 24h expiry The move lower is mixed and volatile, common in corrective sequences. The previous low is located at 95.80. The current move lower is expected to continue. A move through 95.80 will confirm the bearish momentum. Short term RSI has turned negative. We look to Sell a break of 95.77 (stop at 96.27) Our profit targets will be 94.57 and...
USDJPY D1 We are still holding resistance here on the daily timeframe. GBPJPY also still trading much lower than that 182 handle in question yesterday, although the likes of EURJPY has now broken resistance. USDJPY shorts is certainly something o the radar today, especially after some interesting signs of rejection over the eastern session. DXY sat on 102...
And yes, I said "obviously" on the title to clickbait you. Nothing more than that. Haha. Anyways. Hey Traders! 👋 For Day 37/100 of our challenge, we will look at an update on our data-backed NZDJPY long idea we sent out two days ago Technicals: (update to tagged idea) - 0.97 pivot area successfully rejected - Made an impulse move to 0.882 - Expecting long...
NZDJPY - 24h expiry Previous support located at 87.50. Previous resistance located at 88.00. There is no clear indication that the upward move is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. A move through 88.00 will confirm the bullish momentum. We look to Buy at 87.05 (stop at 86.5) Our...
AUDJPY got rejected this week just before hitting Resistance A that is the High of September 13th 2022. Any rebound is a strong sell opportunity now as even the 1day RSI crossed under the MA level after becoming the most overbought its been since March 2022. The September 2022 peak got rejected back to its Fibonacci 0.618 level. Sell and target the new...
Hello everyone. The above chart is my weekly analysis for the EURJPY pair. Do note that this is my long term analysis for the next/couple of years to come. This is my personal view. Let me know what you think. Trade with care. God bless you.
Hey Traders! 👋 For Day 35/100 of our challenge, we will look at a data-backed NZDJPY long idea Technicals: - Impulse higher on break of 179 - High created at 182 res. - Now retracing lower - Expecting 179 to be retracement extension - But if price doesn't extend down to 179, look for a break and retest above 182 res. Today is a harder one as we have too many...
Hey Traders, in today's trading session we are monitoring AUDJPY for a buying opportunity around 95.750 zone, AUDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 95.750 zone. Trade safe, Joe.
The explanation for this analysis is in the text on the chart This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels. I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy, which includes the: - Smart Money Concepts - Multi Timeframe Liquidity and Market...
I had to publish a new chart because the JPY Futures contract rolled over, resulting in a large gap in the continuous contract that I initially shared. Both take-profit targets were achieved perfectly! Linked to this post is the updated chart.
AUDJPY - 24h expiry Previous support located at 96.50. Previous resistance located at 97.00. There is no clear indication that the upward move is coming to an end. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 96.00 (stop at 95.50) Our profit targets will be 97.20 and 97.45 Resistance: 97.00...
BNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our...