Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USD seems stronger than JPY. I think JPY is weaker than all its pair. It is better to look buying setup on all JPY pairs next week.
It was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the...
The USDJPY took support at major level. I believe USDJPY will rise if JPY continue to show weakness.
The crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's...
Blah, blah, blah. ... Blah, blah, blah. Buy it up! It's a massive LONG , here.
Following a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision. BoJ Monetary Policy Meeting Minutes - its first...
#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever...
The US dollar pulled back a bit during the trading session on Friday as it looks like a potential sell-off in the short term is building up behind the scenes. Overall CPI inflation in Tokyo, rose 3.4% in February, compared to a 4.4% rise in the prior month - a negative variance of 1.0% which doesn't appear rosy for the Yen. The Bank of Japan continues to print...
Despite negative GDP data last week (negative variance of 1.71), the dollar closed its fourth consecutive week in positive territory, trading 1.80% higher to culminate at the 136.500 zone. The economic data released so far this year has painted a stronger picture of the U.S. economy. It is also worth noting that the incoming BoJ governor Kazuo Ueda indicated that...
USDJPY Fractal Trade Safe The Risk management is always the Key I will Update the Idea after 3 days From now stay tuned.. Good Luck!!
Trade Plan Series of LH and LL Confirmation of Bearish trend and then new lower low and failed to produce new HH Entry Bearish Candle Stick Formation near LH 1) Hanging Man 2) Shooting Star Short Call Entry Price : 136.336 Stop Loss : 136.493 Target 1 : 136.154 Target 2 : 135.977
Trade Plan Series of HH and HL and then new lower low and failed to produce new HH Entry Near Lower High Buy Call Entry Price : 136.255 Stop Loss : 136.956 Target 1 : 134.885 Target 2 : 135.577
The USDJPY pair is about to make contact with the 1D MA200 (orange trend-line) for the first time since December 20 2022. This is just below the 138.210 Resistance (December 15 High). With the 1D RSI overbought (70.00), we deem this level as the best sell opportunity on the medium-term, targeting first the 1D MA50 (blue trend-line) and the dashed Higher Lows...
Currently, in the weekly time, we see that we had the last 3-log completion of an ABCD in the range of 149.441, and we saw a very accurate reaction to it. Now, by examining the correction phase, we have 5 targets, each of which can act as a resistance to reduce to the trend line. be first and second. The last range of completing a reciprocal is in the range of...
Technical Analysis Summary USDJPY TREND ANALYSIS We have 1 Uptrend in green color Internal Trend (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR...
Since the last publication; price action moved over 400 pips in our direction (see link below for reference purposes) as the Greenback rose 0.6% to close the week just below the 135.000 zone. The Japanese yen was among the worst-hit Asian currencies as the US Dollar hit a six-week high against a basket of currencies after stronger-than-expected inflation readings...
As per Dow Theory this setup seems to form new Lower Lows on 30 min frame. Trade Plan SHORT CALL Entry Price : 135.066 Stop Loss : 135.377 Take Profit1 : 134.700 Take Profit2 : 134.362 ( Lot Size 0.44 as per Capital of USD 10000 1% Risk)