Goldman Sachs Data reported on December 18 that Goldman Sachs has revised its forecast for next year's exchange rate and expects the US dollar to weaken further.
“The biggest revisions to our forecasts are on exchange-sensitive currencies like the Japanese yen,” strategists including Danny Suwanapruti and Michael Cahill wrote in a Dec. 15 report. , the Swedish...
MERRY CHRISTMAS!!
USDJPY has broken a major trend
Retested the Trend w/ a Daily Evening Star Pattern
Starting the week looking for a retracement into the sell side FVG
Price Point 144.756-144.357
This idea is monthly, Patiently waiting at 143.6-142 zone.
THis is not a financial advice,
if this idea works then we might go lower for the end of the year.
Follow for more.
Hey Everyone,
While many traders believe that UJ will reverse and drop significantly, but, what we think price will continue the bullish trend as it is very unlikely that JPY will gain its strength back. UJ will at least move up 500+ pips before it may drop significantly. For this year, USDJPY remain too bullish in our opinion.
what do you all think about it?
Reuters reported:
The tax reform council of Japan's ruling Liberal Democratic Party has agreed to reduce income taxes to compensate households suffering from soaring prices and support a change in the deflationary mindset that has pervaded the country. past decades
The move is also intended to encourage a healthy growth cycle driven by private sector demand, with...
Hi Traders!
USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks.
Here are the details:
The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly...
OANDA:USDJPY yesterday also did not really change too much, with a slight decrease in sideways. However, the downtrend of the H4 chart is showing a quite positive signal, the price continues to move below the Trend.
+Currently expect the price to increase slightly near the trend zone then continue to decrease at the resistance levels at 146.5-146.7
Wish you...
Price reacts at certain levels because of its high demands.
Previous idea last
Nov 21, is still my buying longterm.
Not changing unless price goes there, You can scalp this idea base on your strategy
Banks or other financial institution can rebuy on their old order book, the reaction on price can be use in the future buying or selling again.
We wait...
USD/JPY: Bullish Momentum Continues Amidst Shifting Market Sentiments
In the early European session, the Japanese Yen remains on a downward trajectory against the USD, as investors recalibrate their expectations regarding the Bank of Japan's (BoJ) policy stance. The prevailing risk-on environment, coupled with the USD's renewed strength, contributes to the...
Hello, according to my analysis of USDJPY. It exists in a very negative state. The price broke the ascending channel, with the formation of a descending channel as shown in the analysis: All these factors confirm the sellers’ control over the market. More declines in the coming days. Good luck to everyone
Hello traders, we want to check the USDJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 143.300. Good luck.
Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Last Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings...
