USD/JPY consolidates in a tight range around 147.40 ahead of US UoM confidence data The USD/JPY pair consolidated its recent gains in a tight range below the mid-147.00s during the first hour of Asian trading on Friday. The stronger US dollar (USD) is underpinned by strong US economic data. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value...
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I said in my previous analysis price started the retracement, on 1H timeframe we can see that price changed the character. Now I expect price could fill the gap higher before going lower. Fundamental analysis: Tomorrow will be released monthly and yearly CPI on USD and on Thursday...
USDJPY W1 - Uptrend, targets that we can potentially reach 167.571 The nearest target is 157.460 - from this level a correction and further upward movement may follow, as well as a possible trend reversal. When reversing, you can expect a three-wave structure; if the trend changes, global targets may be 137.806 - 127.111 What can you expect? Continuation of...
Hey Traders, What we believe UJ price moves as mentioned on the chart, So we expect price to break just above and go higher, Therefore, how you can jump in this trend? Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency, So how we enter! Look I mentioned...
RIse and Shine traders, After waiting patiently for almost two weeks, Uj is finally making some movements. I personally waited one week for price to retrace to @146.500 price area. Now that price is in the area of interest, now is the time to look for entry points. Look for price to potentially hit @147.408 and reject and retrace down to the next area of support...
Really good setup = A+ but SL was triggered BE Price made HHs and HLs - good engulfing 30min candle showing upward momentum.
During the Asian session on Tuesday, USD/JPY is struggling to rebound from its losses in the previous day. The pair is treading water around 146.60 as market participants await the release of the US Consumer Price Index (CPI). The downward pressure on the pair can be attributed to both bullish comments made by the Bank of Japan (BoJ) and a lackluster performance...
A huge gap in USD/JPY has appeared to start the week after comments from Bank of Japan Governor Kazuo Ueda about a possible end to its negative interest rate policy (NIRP). In a Saturday Yomiuri newspaper interview, Governor Ueda mentioned that by the end of the year, the BOJ could accumulate enough data to assess whether the conditions are present to raise...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
The USD/JPY pair broke its winning streak of three days, trading lower around 147.40 in the early hours of Wednesday's European trading session. The currency pair retreated from its recent highs reached on Tuesday, marking a new high since November 2022. The pair is facing downward pressure following a statement from Japan's top currency diplomat, Masato Kanda,...
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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
In a fresh turn of events, USDJPY surged to new intraday highs on Friday, but the question remains: Can it sustain its four-week uptrend? Meanwhile, Japan's economic output hit levels above full capacity in April-June for the first time in nearly four years, raising questions about the possibility of a shift in ultra-low interest rate policy. Adding to the...
USDJPY needs to create a small amount of liquidity to pick up momentum again! In terms of technical factors, the psychological barrier is providing very good support at 146.159 Thank you for reading! ❤️
Hello guys, I hope you're all doing well. For USDJPY, I think the price will still stay upward and continue slowly (between the upward parallel channel) till the 151 area, and then we could expect a reversal or even breaking the major resistance. In my opinion, breaking the resistance has a better chance than reversing it. Finally, I'm looking for the best moment...
Good day, Trader. We'll be keeping an eye on USDJPY. Even though the 4-hour timescale clearly shows a bullish continuation pattern, I like to be careful. Before going long, I will patiently wait for price to break out of and retest the 1.46.643 zone, and before considering selling USDJPY, I will be anticipating price to totally take out the 145.953 zone. Recall...
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional mid figure 145.500. Like, comment and subscribe to be in...
Two weeks ago I drew attention to the 145 level that should provide support for UsdJpy. Indeed, the pair reversed twice from this level with a very strong reversal last Friday. As we clearly see from the chart, the trend is strongly bullish, and the only thing that brings some buying power for JPY is BoJ. I expect continuation to the upside and a new test of...
Trade was very good - clean M.S and P.A, HOWEVER, price did not hit EMA on the HTF - great RT and 2.5RR