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...
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...
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?
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
My breakdown for USDJPY this week involves sustaining its temporary bearish trend. Currently, the price has shown a bullish reaction at our identified Point of Interest (POI), resulting in a pullback to tap into a Daily supply zone above. Following this, our strategy involves anticipating a redistribution on lower time frames to facilitate selling opportunities,...
This week, the current position of USDJPY appears favorable, positioned near two promising Points of Interest (POIs). We are inclined towards buying opportunities as the price has recently responded to a supply zone, and we anticipate a slowdown and accumulation. Upon the completion of Wyckoff accumulation within our designated zone, we will seek buy positions...
USDJPY fell below the 30EMA to my previously predicted area of 147.100 then immediately bounced back to 150.000 only to stall and leave us wondering what the next move will be. How do we trade this? We're in a bull channel which should put us in a bias to long. But we have a double top reversal signal at a key level of resistance (the previous Weekly high of...
This is for short term Marked Possible Buy zone Once Reached Entry zone Look for Liquidity sweep and BOS in LTF then Enter And this is risky too. Please DYOR before entering the trade.
OANDA:USDJPY pair remains under heavy selling pressure for the fourth successive day on Tuesday – also marking the fifth day of a negative move in the previous six – and dives to over a two-month low heading into the European session. With the latest leg down, spot prices have retreated over 450 pips from the 152.00 neighbourhood, or the YTD peak touched earlier...
PIMCO, one of the world's leading investment management firms, has taken a significant position in buying yen, indicating their preparedness for an imminent tightening of the Bank of Japan's (BOJ) monetary policy. The BOJ has long been known for its accommodative stance, but recent economic indicators and signals from policymakers suggest a potential shift...
The USD/JPY currency pair is currently presenting a compelling technical setup on the daily timeframe, marked by a double top pattern. This pattern is characterized by two distinct peaks in bullish momentum, both displaying notable similarities in terms of pips gained. The initial bullish move saw an approximate rise of 300 pips, followed by a second surge of...
USDJPY, the double bottom pattern, might indicate a reversal of the previous downward trend. Traders often use the distance between the lowest low of the pattern and the resistance line to estimate a potential price target. Based on this pattern, and major direction of trend, a projected target of 151 might be feasible. However, it's essential to apply technical...
What a week that was! The dance around 150 certainly didn't disappoint. After the break and failure the week prior which continued on Monday, I thought that was it, that price gave it a good shot but ultimately failed, and would perhaps settle below. To nobodies surprise then when the BoJ held rates at -0.10% that we made almost a straight line move back above...
We expect further downside on this pair, signalled by the breakout of the ascending channel pattern. We can also see the formation of a low high and a breakout of a key level which further supports our directional basis.
The Bank of Japan adjusted monetary policy, the Yen suddenly plummeted According to results from the Bank of Japan's two-day meeting, the bank's Policy Committee allowed 10-year bond yields to exceed 1%, considering this level as an upper threshold instead of a ceiling. hard and remove the commitment to protect this ceiling by buying bonds with unlimited...
My bias for this pair is very much so bullish due to the fact that price has entered the last (8hr) supply zone of the chart. Not only has it swept so much liquidity, but the initial rejection ended up causing a change of character to the downside on the 4hr time frame. As we can clearly see wyckoff distribution play out, there have been nice POI's left for us to...
USDJPY Channel: GREEN WK Pivot: GREEN AOB: WP CON: EngB BUY Stop: 149.956 Stop Loss: 149.314 TP01: 150.598 TP02: 151.882 DWR present as a buy setup on 25 OCT, with Channel and Pivot are green bouncing off weekly pivot However, trade is not taken/considered SPX500: SELL DXY: UNSURE OIL: BUY GOLD: BUY