The Japanese economic docket reveals that consumer price index (CPI) inflation remained stubbornly high through June, despite government measures to curb prices. This has raised the possibility of the Bank of Japan (BOJ) tightening monetary policy. However, BOJ policymakers are cautious and prefer to analyze more data to ensure sustained growth in wages and...
Price has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 141.20, which coincides with the 78.6% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 138.20, which is in line with the 127.2% fibonacci extension. Price is hovering below ichimoku cloud and...
This count is based on my assumptions so anything can happen not a trading or financial advice just for educational purposes only kindly do your own ta thanks trade with care good luck.
I am looking to short USDJPY right now at current market price of 140.326 take profits are set at 137.361 stop loss can be set at 25 pips from entry. I will continue to make updates and comments about this trade.
On the hourly chart the trend started on July 21(linear regression channel).
There is a high probability of profit taking. Possible take profit level is 140.36
But we should not forget about SL = 141.99.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 140.000.
Fundamental analysis: Tomorrow will be...
24th july daily inside bar range in between the previous bar range indication for weakness ahead. if inside bar fails then above supply zone for short 142.00-4300, stop loss 143.20, target: 139.60
S&P500 futures have recorded significant gains in London, indicating a more relaxed risk-off sentiment. On Wednesday, US equities experienced substantial selling pressure, primarily due to a sharp decline in technology stocks. Investors are being cautious as they anticipate that tech-savvy companies may continue to struggle due to the Federal Reserve's decision to...
USDJPY, is currently retracing since we had a massive drop price was expected fill up the liquidity voided area. Our current view on USDJPY remain bearish on daily timeframe.
The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could...
A suitable position is observed on the chart with appropriate risk. Enter a short (sell) position while considering money management and setting a stop-loss.
S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic...
