GBPJPY H8 Probably the cleanest setup out of it's peers that were analysed on Sunday, GBPJPY resistance/support price of 183 looks very clean. We are coming up for a test of that 183.00 handle, it could certainly be an opportunity to grab shorts. As markets opened on Sunday we saw the bearish gap, I wonder if this is something that will pin and dump towards the...
AUD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 95.039 which is a pullback resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 95.580 which is a level that sits above the 61.8% Fibonacci retracement level. Take profit is at 93.887 which is a swing-low...
CAD/JPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.896 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.680 which is a level that sits above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at...
USD/JPY could rise towards a pullback resistance and potentially reverse off this level to drop lower. Sell entry is at 149.414 which is a pullback resistance level. Stop loss is at 150.160 which is a swing-high resistance. Take profit is at 148.406 which is an overlap support that aligns close to the 38.2% Fibonacci retracement level. High Risk Investment...
EURJPY has been hanging around 157 - 157.5 range for some time, we saw a break below last week which quickly recovered, but we've broken back below now so I expect a stronger push back down to the low of last week (caused by JPY buying). With price action there was also a failure to make a new high, we saw a short pinbar on the 4HR before we broke back below my...
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Welcome to the first ever Silent Commentary Analysis for the Pair UsdJpy. 0:0 Intro! :20 Monthly Analysis 3:45 Weekly analysis 5:09 Daily Analysis 7:11 4hr analysis We can observe a strong trend and obvious momentum on UJ since the Year began. The Septmeber monthly candle closed bove the Candles to the lefthandside suggesting a breakout and more upside for UJ...
NZDJPY is rising towards a pullback resistance and could potentially reverse from here to drop lower towards our take profit target. Entry: 88.898 Why we like it: There is a pullback resistance that aligns close to the 61.8% Fibonacci retracement level Stop Loss: 89.699 Why we like it: There is a pullback resistance that aligns above the 78.6% Fibonacci...
CADJPY is rising towards a pullback resistance and could potentially reverse off this level to drop lower. Sell entry is at 108.904 which is a pullback resistance that aligns with the 38.2% Fibonacci retracement level. Stop loss is at 109.580 which is a level that lies above an overlap resistance and the 50.0% Fibonacci retracement level. Take profit is at...
Did the BoJ secretly intervene in USD/JPY on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY crossed 150.000 (its weakest levels in a year), a huge candle appeared on Tuesday touching as low as 147.300 before closing at 149.100. ...
The Japanese yen has recently dropped below the critical threshold of 150 per dollar, primarily due to mounting concerns regarding intervention measures. In light of this situation, I strongly urge you to exercise caution and consider pausing yen trading until further clarification is obtained. The sudden decline in the yen's value has raised concerns among...
The USDJPY crept over the 150 price level before crashing down almost 300 pips to retest the 22nd September swing low and 61.8% Fibonacci retracement level at the 147.40 price level. Eventually, the price settled along the 149 price level and back within the bullish channel. The 150 price level is significant as it was likely the BoJ's price level for an...
GJ has been in this intraday range and we have now seen a breakout and retest we can aim for some sell trade
Hello traders, If you are shorting keep it open to the rectangle! If not! Any correction is a selling opportunity. Levels calculated order_block, regarding support and resistances, channel and pivot points.
I'm expecting USDJPY to carry on meandering towards the 150 mark, and it's at this level that we've previously seen BoJ step in to defend their currency, We saw the same in June / July 2022, and I think we'll see it again. BoJ has started hinting at a change to monetary policy for the first time in a long time, we saw a very small reaction in the past week to...
As you are aware, the USD/JPY currency pair has been experiencing considerable volatility lately, with the exchange rate approaching the critical level of 155. While we strive to maintain a balanced and unbiased approach, it is essential to acknowledge the potential consequences if the USD/JPY falls beyond this threshold. In such a scenario, it is highly likely...