Considering the order flow from a day traders perspective ,price has been finding it way to the downside indicating the strength of the YEN over the USD . That being considered hence the eminent bias to short the pair ,but caution should be put in place due to the upcoming CPI data and after that both zones should be watched closely
Yesterday NFP news was come in the favor of USD, but market react against the news. This is making sense that USD has no power and by this USDJPY seems more bearish.
On the daily time frame, prices are holding below a key resistance zone at 141.500 where we could see further downside in prices to the downside confirmation at 137.000, which coincides with the 1.414 Fibonacci extension level. A breakthrough of this zone could provide the bearish acceleration to the support target at 131.000 which coincides with the 100%...
Usdjpy - H2 - I see a break of bullish structure on this pair combined with dollar weakness I think this pair is due for a decent pullback on higher timeframes. Expecting a sharp sell off on this pair. lets see how it goes
On the H4 time frame, prices are facing bearish pressure from the resistance zone at 137.50 which lines up with the 78.6% Fibonacci retracement level. We could see a reversal below the 137.50 resistance zone to our support zone at 135.50 which is also the graphical support zone and 38.2% Fibonacci retracement. Stochastics is testing resistance as well supporting...
USDJPY seems to start bearish trend Bearish Divergence Take Trade at your own Risk.
USDJPY is continuing its Bearish Trend. Note: Trade at your Own Risk
Hi traders , We have a double top with a broken rising trend line and we see m pattern with break 134.580 will go very down. if this analysis useful for you don't miss to support me with like and follow ♥️
USDJPY - Weekly - price action telling me theres big downside coming for usdjpy down to 110. We could see further weakness in equities and strength in VIX index that is also calling for upside at current levels.
(TECHNICAL ANALYSIS) USDJPY CONFIRM THE BEARISH MOVES it was noted that the ninja pair had been waiting for a confirmation in regards to pushing the price of the market towards the April 22, lowest point. However, It all a came out of the tight range momentum the market has been undergoing in the past few days, luckily during the London trading session on...
On Friday the market made a bearish engulf candle which is indicating further downside.
After breaking the resistance line ( neckline ) in the four-hour time frame, we have a strong bearish move
As we can see usdjpy making new higher high at 4h timeframe so here my forecast for you guys usdjpy might making new higher low going to support trendline as well and if we breakdown the timeframe probably we see mini ascending channel as well just waiting for lower high at lower timeframe then we can execute for nice risk to reward thankyou !
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1. Price is being held resisted at the 106.40 price level. We see that price crossed temporarily above this level and quickly sold off lower. Price is retesting this level again and is being held resisted. 2. I see this as a good place to enter short for a decent R:R.
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Bearish price action reversal on the H1 time frame. Seem exhausted bull and retracement intake.