USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY.
From a technical perspective, the post-US CPI breakout through a...
With the potential of the Federal Reserve lower rates and the possibility that the BOJ will increase interest rates, this could be a great trade. The BOJ has kept interest rates in the negatives for quite some time and after years and years, inflation was able to manifest itself and push the BOJ to be one of the last Central Banks of the G7 nations to increase...
Examining USDJPY, I’ve identified a robust SHORT opportunity as key technical and economic factors converge. The pair has encountered strong resistance at a critical technical level, exhibiting signs of exhaustion with the formation of a double top pattern. This bearish signal is reinforced by a descending RSI and a bearish crossover in the MACD, suggesting...
USD/JPY ascends following a US inflation report indicating reacceleration, challenging levels that might prompt intervention. Rising inflation figures push Treasury yields higher and boost the US Dollar. Market anticipates future Fed actions with keen interest in upcoming monetary policy minutes.
From a technical standpoint, the USD/JPY is trading at levels that...
Analyzing USDJPY, I've pinpointed a compelling SHORT opportunity. The pair has shown signs of topping out, facing resistance at a key level and starting to form bearish patterns, suggesting a potential reversal. Technical indicators support this view, with a bearish divergence on the RSI and a MACD line crossing below the signal line, signaling a loss of bullish...
I'm SHORT USD/JPY for the following reasons:
a). Price is back at a confirmed area of resistance last hit on 3rd April and 27th March
b). The Andean Oscillator on 15m time frame has seen a rise of the red SELL line and is now reading .0082 having been at .0027 previous candle and .0010 candle before that having been reading zero for several bars.
c). Andean...
Dear Traders,
USDJPY currently trading at extreme seller zone, though daily timeframe has not show strong intention from seller. However, in upcoming weeks we may see strong sellers pressure coming in the market. Please use accurate risk management.
USDJPY did exactly what was explained in my first break down. I'm still sell biased and i feel like NFP is only going to push price to the downside also so everything should work in my favor.
It is very likely that we will soon have a correction to the targets of 149.420 and 148.000 in this currency pair. Pay attention that this analysis is in the daily time frame and the trigger to enter the trade is the breaking of the 150.00 level down in the 1-hour time frame.
Good day traders,
Dollaryen look like very bullish right now.
I suggest to find a sell set up after distribution.
Each new top gives us a very cheap sell enter.
First find a confirm.
Then enter a trade .
Stop loss atleast 50pip
Target 151
Good luck
I am pretty sure you will come to check my chart when will be too late. USDJPY is about to drop more than 200 pips, and i am pretty sure you will enter too late (or much worst, you will long USDJPY). $152.000 is a huge and multi year resistance for UJ, and considering the actual political situation, and the incredible raise for gold, Dollar will make a glorious...
USD JPY has formed a Head and Shoulders Pattern at a resistance key level.
Confirmation for SELL was Doji and close below candlestick at the right shoulder.
Analyzing USDJPY, I've pinpointed a strategic SHORT opportunity. Technical patterns indicate a bearish shift, with the pair forming a significant top and showing rejection at key resistance levels. A bearish divergence in the RSI and a potential crossover to the downside in the MACD highlight the growing downside momentum.
The macroeconomic environment reinforces...
A Few times before the Japanese government helped bring the usdjpy down, at this level.
Today Powell from the USA helped a bit but it is up to the JPY to finish the job.
A nice dip to the bac trend line isn't unlikely!
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...
Analyzing USDJPY, I've discerned a pivotal SHORT opportunity. The pair exhibits clear bearish signals, with price action failing at key resistance levels and forming a series of lower highs, indicative of a weakening momentum for the USD against the JPY. Technical indicators, including a bearish crossover in moving averages and an RSI trending towards overbought...
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and...
