Hey traders, UJ took ERL on the daily the next to draw of liquidity is IRL which is the daily FVG and long term I'm expecting it to go even lower that to 140.241, a market structure shift is a must before planning to take any action .
This week's strategy involves following the ongoing bearish trend in USDJPY. I plan to initiate sell positions around the newly formed 4-hour supply zone. To execute this, I'll wait for a redistribution pattern to unfold and a clear CHOCH signal before considering a sell. It's important to note that there's a possibility of price pushing higher to test the 14-hour...
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My bias for USDJPY is pro-trend, aiming for a bearish move within a nearby 10hr supply zone. Currently, I expect a bit more upside and a redistribution within my point of interest (POI). Upon confirmation of these factors and other confluences, I'm inclined to sell down towards the psychological level of 140.000. I am also anticipating a bullish reaction from the...
JPY's rally benefited from hawkish comments from BoJ Governor Ueda when he emphasized policy divergence between the Fed and BoJ. USDJPY is falling again after 2 consecutive sessions of increase. Technical indicators show that the downward momentum is still strong. The key resistance to watch is the 200-day MA at 142.75, with the next target at 143 and 144. On the...
Currently, with the recent reaction from the 22-hour demand zone, there's an expectation for a retracement towards a nearby supply to trade in line with the trend. At the current price, I'll wait for the small bullish reaction to lose steam in order for price to distribute. Once the Wyckoff distribution occurs on the lower time frame, accompanied by a CHOCH, I...
USDJPY breaks out of an ascending channel on the 1h TF which is bearish flag on the higher TF. Anticipating a continuation of the drop. Don't focus on the pattern, focus on the nature.
FX:USDJPY Overall structure based on the daily and 4h is bearish. price broke countertrend structure on the 1h and made a retest to the new resistance area. Entry is based on the bearish engulfing candlestick the the 30 min timeframe
The Japanese Cabinet Office has forecast that CPI consumer inflation will increase to 3%. Early tomorrow morning, the market will receive CPI inflation data that has been higher than the BoJ's 2% target for more than a year, boosting expectations that the BoJ will pivot and support the rise of JPY.
USD-JPY - PREPARE YOUR SHORT! These are my keylevels for USDJPY on daily tf.
If you anticipate a bearish trend in USDJPY and decide to sell, it's crucial to ensure that your decision is in line with your overall trading strategy. Evaluate the risk-reward ratios carefully and establish suitable stop-loss levels to mitigate potential losses. When considering increasing your position size, exercise caution to effectively manage potential...
The US dollar is experiencing volatility against most major currencies today, with market sentiment affected by predictions that the US Federal Reserve may start cutting interest rates. The Japanese yen remains an exception, maintaining its position against the dollar following the Bank of Japan's decision to continue its expansionary monetary policy. Federal...
Hello friends . According to the yen chart, we can see that the price has been created for a sell position at some point and will probably go down to the designated area.
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price almost filled the imbalance and reacted from institutional big figure 145.000. Like, comment and subscribe to be in touch with my content!
USD-JPY went up from the Lows but now the pair is About to retest the falling Long-term falling resistance Line while being oversold So I will be expecting a Local bearish correction !
USDJPY continues to display a strong bearish outlook as the price has once again broken structure to the downside, affirming a long-term bearish trajectory. Regarding potential opportunities around the current price, my strategy involves awaiting a price retracement to the nearest supply, identified on the 15-hour time frame. This scenario represents the next...
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...