The USD/JPY has been one of the most interesting pairs to trade in 2022. The pair has had it all, including hitting record highs and central bank intervention. But the year is not over, and some more market events are primed to possibly inject a little more volatility into the pair. Tomorrow will be the Bank of Japan’s interest rate decision. While markets...
consolidating in tight range incase of breakout expecting another 350 to 400 pips bearish move
analysis was shared few days ago market followd our analysis we were expecting 800 pips bearish move and now usdjpy running in 874 pips profit
Breaking Rising Wedge in daily tf incase of successful breakout expecting 800 pips besarish move
Last Thursday was an incredibly volatile trading session for the USD/JPY. This volatility was largely caused by the Bank of Japan's (BoJ) intervention in the currency markets to defend its depreciating currency, the Japanese Yen. Last week’s move was the first time since 1998 that the BoJ had intervened. There are some parallels between 1998’s intervention and...
Today’s FOMC meeting policy was as expected, with a 75-basis-points rate hike to 3.25%. In reaction, the USD/JPY moved towards the upside breaking a daily consolidation level. The JPY, however, may find some support after the Bank of Japan (BoJ) carried out a rate check in preparation for a possible intervention for the currency. Japan is now prepared at any...
As the UK will announce a new Prime Minister on September 5th, we might expect heightened volatility in the GBP in the days before and after the election result. Moreover, the new policymaker has the potential to change the long-term trend of the pound, with the potential reforms conducted impacting the UK economy. Only a few days remain until the new prime...
Price is continuously moving on Bullish Trend and Hold the Previous High level and it is also forming and Double Top Pattern we are waiting for proper breakout and rejection for confirming entry.
The overall trend for GBP/JPY last couple weeks is for short. I've made this analysis considering various elements in technical analysis which have been respected and some zones that the price has been rejected into aswell in the past. Couple of chart patterns such as support/rezistance, trendline and fibonnaci have been respected in this analysis, so there is a...
Helloooo Pippin trader! Lookout for this trade good risk to reward. Risk management is very important.
All major pairs beat Japanese Yen for weeks, very strong bull move. Not to mention the USD. NOW, with an exception of USDJPY, is it now to do the correction. This week signals for the correction, 4H swing low have been taken (EURJPY, CADJPY, AUDJPY) and need confirmation next week, when bull re-testing this week high. The moment of truth :) If bull fails, this...
This is a great indicator of JPY trend direction. It's the basket! As soon as you see a trend in this chart then trade JPY pairs accordingly.....Good Luck! SHORT then LONG!
Hey guys, we have had one of the biggest rallies in AUD/JPY ever 11 weeks of green. It is in major overbought territory on the RSI on the weekly and negative divergence on the daily with a bearish consolidation pattern and possibly a breakout to the downside which might confirm today. IF it does confirm I will enter a short position target first red line then...
📉 Expecting bearish price action on JPYBASKET as we are in clear bearish market strucutre on the HTF(higher timeframe premise) price didn't made the bullish reversal i was expecting the last week. I think right now price is heading into sell side liquidity 8095 ALL TIME LOW, with that being said i dont think there is a good chance to enter SELL on YEN CROSSES such...
✅ Expecting bullish price action on JPY and a trend reversal from bearish into bullish as we have multiple imbalances area aka price ineffiency that price will try to close in the upcoming days/weeks. We have a clear rejection area somewhere around institutional figure 8200 and i think this area will hold as a LOW for a very long time. Buy Side Liquidity as the...
The yen is breaking down of a long term trendline going all the way back to 1987. If the yen continues to break down from the trendline and then breaks support at .008, it's likely to see .006 as the next target. It also just formed a double top on the monthly at .009, so the move down should be strong on a break of that support. Let's see what happens over the...
The Japanese Yen is fundamentally weak as low inflation in Japan is causing the Bank of Japan to keep interest rates low, at a time when other central banks in the U.S, Canada, Australia, New Zealand and the UK are raising rates to deal with high inflation in their domestic economies. The interest rate differentials and divergence in monetary policy are forcing...