USDJPY is falling towards the buy entry at 145.073 which is an overlap support that aligns with the 78.6% Fibonacci projection level and could potentially reverse from here to bounce higher. Stop loss is at 143.734 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is between 143.300 and 146.560 which is a...
USDJPY is falling towards the buy entry at 145.073 which is an overlap support that aligns with the 78.6% Fibonacci projection level and could potentially reverse from here to bounce higher. Stop loss is at 143.734 which is a pullback support level that sits below the 50.0% Fibonacci retracement level. Take profit is at 146.560 which is a swing-high...
With treasury yields hovering close to their highest point in the past 15 years, attention is squarely focused on the forthcoming policy speech by Fed Chair Jay Powell this Friday at the Jackson Hole event. The primary interest lies in gauging the current level of hawkishness exhibited by the Federal Reserve. Anticipations are that Fed Chair Jay Powell will...
Regarding our observations, currently there are Significantly more sellers in the market! We think they are wrong! We'll long after breaking 186.500 and the other setup is to long around intersection of bullish channel and zone.
USDJPY is trading in a bullish trend. The price is currently retesting a recently broken horizontal key level. Approaching that, the market formed a double bottom pattern, violated a resistance line of a falling channel then. I expect a bullish movement to 145.64 / 146.0 ❤️Please, support my work with like, thank you!❤️
CHFJPY is falling towards the buy entry at 165.402 which is an overlap support that aligns with the 23.6% Fibonacci retracement level and could potentially reverse from here to bounce higher. Stop loss is at 163.980 which is an overlap support that sits under the 50.0% Fibonacci retracement level. Take profit is between 166.30 and 166.70 which is an over...
Nor confirmed yet but the pair just hit an important resistance and is forming a rising wedge. I just opened a small position with tight SL, not risking too much BC it can break up. If it breaks down the wedge I'll add.
Most obvious resistance on the way was HTF pivot FTC, which couldn't drove price lower as much as expected.
In the news today is the Japanese Yen, as it approaches critical resistance at the 146 level. The market has steadily been making new highs on the daily level this year, having just exceeded the July high. As seen in the chart above the market has moved quickly through levels of resistance, now breaking a downtrend line from the major Oct 22' high. See below a...
Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 Here is a detailed update top-down analysis for #USDJPY. Which scenario do you think is more likely to happen? and Why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good Luck!. All Strategies Are Good; If Managed Properly! ~Rich
The USDJPY trades with choppy price action between the 145 and 146 price range. With increasing comments about the weakness of the Yen and the possible invention from the BoJ, the longer the USDJPY stays at this price level, the higher chance we are likely to see an intervention. However, we cannot rule out a continuation of the upside, especially if the DXY...
While market sentiment is bearish I'm not bearish at the moment! If you have open long position it's good idea to close some of it. If don't a very low-risk short option could be an option for those who believe confirmation in LTF could do a miracle! If you prefer more suitable place to enter the market, just like me, wait for a breakout upper of 145.000 or...
Here is my latest structure analysis for GBPJPY. Resistance 1: 183.77 - 184.25 area Support 1: 181.10 - 181.30 area Support 2: 180.44 - 180.71 area Support 3: 176.30 - 177.05 area The market is currently approaching the Resistance 1 based on the year's high. Its bullish breakout - daily candle close above will push the prices much higher. Alternatively, a...
Welcome back! Let me know your thoughts in the comments! ** CHFJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered...
The Yen's struggle against the US Dollar persists this week, as the USDJPY settles above 143.00 and reaches a new high for the third consecutive day. After some sideways trading, traders are now resuming a bullish push aimed at reaching the recent high of 143.9000, followed by potential targets at 144.00 and 145.050. Last week, the Bank of Japan (BoJ) surprised...
Here is my latest structure analysis for USDJPY. Horizontal Key Levels Resistance 1: 143.90 - 144.35 area Resistance 2: 144.80 - 144.05 area Support 1: 141.50 - 141.80 area Support 2: 137.25 - 138.05 area Vertical Key Levels Vertical Support 1: Rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with...
In my recent ideas I’ve noted JPY strength resuming and this is evident in the performance last week, and we can see this when looking at the JPYWCU chart which is like DXY for the Yen. We can see what could be a higher low forming and a fourth retest of the resistance around 0.005350 which could break. We’ve seen out-performance of the Yen against many...
FX_IDC:USDCNY Price is at a tough spot and I should wait to make a guess. Price could break out of the triangle and retest the resistance zone(I didn't mark it but it will be the last high)before it shoots up -OR it will come back down to the daily support and continue in the range. All I can say for now is that I'm watching to see if a "death cross" will form...