Multiple time frame analysis for USDJPY.
Bullish movement after CPI discussed.
Trading recommendations,
trading plan, forecast.
❤️Please, support this video with like and comment!❤️
Hello Traders.. We are taking a look at a different Pair today. The Monthly timeframe and Weekly timeframe really pushing the highs of the range over here. Will CPI be the catalyst to Spaceship us out of the range finally? Or do we still need some more time to gather liquidity and pullback. We pulled back today, Tuesday April 9th, as buyers got gun shy and Sellers...
FX:USDJPY
Preference:
With the first TP hit on our original sell price pull back immediately. This pullback retested the highs but failed to create a higher high. If the bears hold on to momentum at this level we could see a break of the low.
Alternative Scenario:
With multiple rejections above the highs, liquidity retests above the highs are also possible....
We analyse the dollar index and its possible reduction in value, due to the area of supply that it is approaching, after we have determined the possible direction of the dollar, we then have an Idea of how pair that are quoted against the dollar could be affected by this possible reduction in the price of the dollar. We look at EUR/USD, GPB/USD, USD/JPY and USD/CAD
USDJPY - Japan's MOF, FSA, and BOJ to hold URGENT meeting
Japan's MOF, FSA, and BOJ to hold meeting to discuss financial markets
USD/JPY sees a bit of a quick dip to just under 151.50 now as this sudden meeting is called. It will take place in a little over 10 minutes from now with Japan top currency diplomat Kanda to brief the media after.- as reported by...
Hey Traders,
The implementation of Technical and Fundamental Analysis is necessary to pick price points and predict future movement.
After all, Central Bank decisions dictate the flow of money in an economy.
And that flow dictates movement, price points for buying or selling and overall long term bias.
Title: USDJPY Current Market Movements: Analysis and Forecast
Description:
Welcome to our comprehensive analysis of the current market movements of USDJPY! In this video, we delve into the intricate dynamics of the exchange rate between the US Dollar (USD) and the Japanese Yen (JPY). Whether you're a seasoned forex trader, an investor, or someone keen on...
The USDJPY has been rangebound at the top of a massive growth spurt. For several weeks it has not been able to break above 151.878. Currently we have a flag pattern on the hourly graph that signals a decline is in process.
Hourly Target 150.417
For those of you who think that the Japanese yen is in for a shakeup and a turnaround can hold on to the daily graph...
The Technical outlook for the USDJPY is very strong. The current price is trading above 2,3,4 Daily Highs; this means the price is very bullish.
We took a long trade based on the Bullish wave structure count after a retracement into the buy zone of the bullish CHoCH.
Watch out for the 154.60 (-0.618) Target 2 of the Fibonacci.
If the price manages to trade above...
- Educational purposes only!
- Everything you trade, you do it at your own risk!
- If you want to stop losing money, build your own investment strategy and trading tactics!
- Use your broker´s DEMO account first (or TV Paper Trading), then the LIVE account!
Join me in this ever boring and dry, yet information packed video breakdown of USDJPY. You will be blessed with drone terms such as interest rate differential and JOLTS. Grab your coffee and buckle up, because today we are going deep on this pair!
