USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long? How do we trade this? 🤔 We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to...
Hello traders here is this week analysis of USDJPY, as you can see the market broke the resistance zone last week and now it is gouing up but just to be safe I will wait for the market to retest the resistance zone then I will look for long opportunities on the market.
The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US...
The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar. A Perfect Storm for the Yen...
Considering the strengthening of the dollar and the formation of a strong demand zone, we expect the price at 146.80 to create conditions for a powerful purchase with a loss limit below this demand zone.
USD/JPY FORECAST 2024 The Yen could receive support from the BoJ if it indicates a shift toward ending its ultra-loose monetary policy stance, potentially through a rate hike that would mark the end of seven years of negative rates. Governor Ueda and Deputy Governor Hino offered some comments about it in December. Rumors and speculations in that direction would...
USDJPY is currently in a bullish trend. Price is forming a bullish flag rectangle, indicating a potential continuation of the uptrend. The pair is finding support at the 50% Fibonacci retracement level, adding confluence to the bullish bias. What you guys think of this idea ?
USD/JPY is consolidating under the resistance zone. it's alarming that the 152 zones will be broken soon. It has been 3 times when the price reached the 152 zone and every time we see the reaction becomes smaller and weaker. This is not a buy signal because maybe BOJ is attempting to manipulate the market. Our technical view has been shown in the chart. If you...
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Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the...
Hey Traders, Check out this technical analysis on USDJPY; it appears to be undergoing a small range pullback, potentially indicating a bullish momentum continuation. However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry. Alternatively, there may be an opportunity for a sell trade if the market...
USD-JPY / ASCENDING TRIANGLE For me , a breakout above 152level, open the door for the next macro resistance!
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 the 4-hour timeframe, USD/JPY appears to be in a bullish trend, adhering to an ascending channel pattern and displaying an ABC correction. The current price action suggests a bullish pennant formation following a breakout above a resistance level. Traders may anticipate a short-term bullish movement towards the ascending channel's resistance trendline,...
The hedge fund industry's short weakness on the yen is creating a fantastic opportunity for us to long USDJPY! As the Bank of Japan prepares to raise rates, now is the perfect time to capitalize on this trend and potentially make some significant profits. The recent weakness in hedge fund shorts on the yen has created a favorable environment for us to take...
USD/JPY drops slightly after intervention talk from Japan’s chief of FX, Masato Kanda. Recent weakness in the Yen should be attributed to speculation not fundamentals, Kanda said. The authorities may intervene to correct the situation, propping up the Yen.
USDJPY Weekly Chart. Quite long timeframe. Can be affected by macroeconomic conditions. Using supply and demand strategy, Price Action, Fibonacci, and Chart Pattern (Ascending Triangle). TP 1: 154-155. TP 2: 159. SL : 146. Risk:Reward = 1.24 I'm still newbie guys 🙏
Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly...