Pattern: Channel Down on 1D. Signal: Sell as the rejection pattern on the 1D MA50 (blue trend-line) has been very consistent since July. Also the RSI is hitting the 4 month Resistance. Target: 102.300 (1.382 Fibonacci extension). Most recent USDJPY trade: ** Please support this idea with your likes and comments, it is the best way to keep it relevant...
Pattern: Channel Down on 1D. Signal: (A) Buy as long as the Support holds, (B) Sell if it breaks. Target: (A) 105.000 (potential contact point with the 1D MA50), (B) 103.230 (1.382 Fibonacci extension). Most recent USDJPY signal still running: ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support...
It is over 60pips in the opposite direction of my last speculation (see link below for reference purposes) as the price rejects my previous Demand level hereby increasing the further risk of a decline. The US Dollar came under pressure in the late Asian session on Friday and dropped below Y105.000; even though there was a mild rejection of this level, it is not...
In the previous week USD/JPY gained +1.261 points. From the last candle there will be an uptrend to the parallel channel and then price will start to fall again. Here, the hurdle is 106.06 level. If candles consecutively crosses the dynamic resistance(DR) there will be an uptrend and price will increase to the 106.76 or above but if candles continuously...
With 50pips against us since my last publication (see link below for reference purposes); It now appears that the Breakdown of 105.700 was nothing but a false one! As the pair recovers from the dual blow of Shinzo Abe's resignation and Federal Reserve's dovish policy shift; The US dollar rallied during the course of last week to slam into my Key level @ ¥106.50...
With over 100pips in our direction since my last publication (see link below for reference purposes); we continue to experience an appreciation in favor of the Yen as the Greenback resumes her decline late into the Asian session of Friday as traders absorb the implications of the Fed's policy shift; herby extending its slide to touch its lowest level since...
With over 120pips in our direction since my last publication (see link below for reference purposes); The Greenback made efforts to pull back against the Japanese yen for a majority of the week but got capped at 106.200 level as the Yen fights for value by pushing price back into my Key zone. The key zone has been supporting price since the beginning of the month...
With 30pips against our direction since my last publication (see link below for reference purposes) on this pair, the price has found its way to complete a 127.2 extension to incite a reversal structure. It is worthy to note that the Japanese and US statistics headed in opposite directions this week to make the USD/JPY the only major pair to witness the Greenback...
After waiting all week, the US payrolls delivered numbers good enough to rally the Greenback back to its recent high but not strong enough to cushion the negative COVID inspired dent on the US economy. After moving over 200pips in our direction since my last publication on this pair (see link below for reference purposes), price did a correction to form what looks...
Long positions above control price with targets at 106.60-107.20-107.75 in extension. Hurdle: 105.20 Don't buy below the hurdle line.
Pattern: Channel Down since 2017. Signal: Sell as the price broke below the Channel's pivot (dashed line). Target: 102.000 (just above the Support line and the inner (blue) Lower Low trend-line). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. **
The Greenback began a downward spiral at the beginning of last week as it came under strong Bearish pressure with the souring market sentiment to Breakdown my Key level @ 106.500 later in the week. With over 125pips in our direction since my last publication on this pair (see link below for reference purposes); the scope of the USDJPY pair to extend the decline...
It was all Bears for the US Dollar especially during the latter part of last week as it continues to lose value against multiple currencies and the Yen was not left out in the gains! Breakdown of my Key level @ 107.300 last week evolved into a structure similar to AB = CD pattern with an expectation of correcting into 107.300 in anticipation of a down rally in the...
Hello traders, here is the analysis from our team : This is our buy back line. we like to see it taken out first then re buy. 107.260. Good luck today Let us know in the comment section below if you have any questions.😉
Pattern: Descending Triangle on 1D. Signal: Bullish as long as the 106.00 Support holds. Target: 108.500 (around the Lower Highs trend-line from March 24). ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** Most recent USDJPY signal:
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