USDJPY went up as I predicted. Here are the important key structures to watch. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 140.9 - 141.9 area Support 2: 137.2 - 138.1 area Resistance 1: 146.2 - 146.8 area Resistance 2: 148.2 - 148.6 area Resistance 3: 149.6 - 150.4...
EUR/JPY is trading close to a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 157.399 Why we like it: There is a pullback resistance level Stop Loss: 159.115 Why we like it: There is an overlap resistance that sits above a confluence of Fibonacci levels i.e. the 50.0% retracement and the...
EUR/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 157.549 which is a pullback resistance. Stop loss is at 159.250 which is a level that sits above the 127.2% Fibonacci extension level and an overlap resistance. Take profit is at 154.770 which is a pullback support. High Risk Investment...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 181.564 which is a pullback resistance. Stop loss is at 182.487 which is a pullback resistance that sits above the 61.8% Fibonacci retracement level. Take profit is at 178.534 which is a multi-swing-low support. High Risk Investment...
USD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 143.035 Why we like it: There is a pullback resistance that aligns with the 38.2% Fibonacci retracement level Stop Loss: 144.718 Why we like it: There is a pullback resistance that sits above the 61.8% Fibonacci...
GBP/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 181.569 Why we like it: There is a pullback resistance level Stop Loss: 183.015 Why we like it: There is a pullback resistance that aligns with the 78.6% Fibonacci retracement level Take Profit: 178.621 Why we like...
USD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 143.058 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 144.538 which is a pullback resistance that aligns with the 61.8% Fibonacci retracement level. Take profit is at 140.949 which is a...
Hey Traders, Check out this technical analysis on GBPJPY. GBPJPY is currently trading with bearish momentum by staying below the broken bullish trend line. So anticipate a retest of the broken support level and consider entering SELL positions. Keep a close eye on this; it could play out in either direction.
Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. In short, here are some key takeaways from the news on Thursday from the BOJ: asia.nikkei.com - The JPY strengthened by over 5 yen against the dollar in response to comments by Bank of Japan Governor Kazuo Ueda hinting at a potential exit from the bank's negative...
AUD/JPY is falling towards a pullback support and could potentially bounce off this level to rise towards our take-profit target. Entry: 94.672 Why we like it: There is a pullback support that aligns with the 61.8% Fibonacci retracement level Stop Loss: 93.746 Why we like it: There is a swing-low support level Take Profit: 96.215 Why we like it: There is an...
📊 #USDJPY Fractals Market Algorithm (13/12/2023) Free Forecast Hummer Buyers : 146.728 Hummer Sellers : 146.387 Magnet Buyers : 146.676 - 146.433 Hummer Sellers : 144.811 Hummer Buyers : 145.165 Magnet Sellers : 145.095 - 144.864
After pullback to broken broad channel, i think its time to short usdjpy again. Trade safe. Good luck.
USD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower towards our take profit target. Entry: 146.667 Why we like it: There is an overlap resistance that aligns with the 50.0% Fibonacci retracement level Stop Loss: 148.510 Why we like it: There is a pullback resistance that lies above the 61.8% Fibonacci...
Pretty precarious short trade on the Swiss/Yen. The years long uptrend has been exhausted for ages, but with the Yen's across the board weakness, price has steadily climbed. I entered a short on the 28th and added a lot on the 29th. Technically, I did get a signal from my indicators, but they haven't did very well against any Yen pairing as of late. We'll see how...
📊 USDJPY Fractals Market Algorithm (11/29/2023) Free Analysis Magnet Seller's : 148.013 hammer Seller's : 146.952 hammer Buyer's: 146.435
📊 USDJPY Fractals Market Algorithm (11/29/2023) VIP Signal Entry : 147.048 Sl : 147.864 Tp : 145.135
Here is a video outlining our thought process and analysis on this trade pair. We are expecting to see a huge 2000 pips trading opportunity.
Expecting 1 more downside correction on GBPJPY, before we see the FINAL impulse move to the upside. Expecting buyers to peak around $190-$194, before downtrend begins. ⭕️3 Sub-Wave Impulse Complete for Wave 5. ⭕️2 Sub-Waves (IV, V) Still Pending. ⭕️Selling Momentum Slowing Down.