The US dollar surged against the Japanese Yen on Monday, edging back towards the pivotal 152.00 mark—a level that prompted intervention from the Bank of Japan (BoJ) in 2022 and stands as a significant threshold for Japanese financial authorities. Bolstered by robust US macroeconomic data, notably Friday's Non-Farm Payroll report, and a recent hawkish tilt by the...
Since the High on 27 March we have had an Impulse down followed by a correction nearly back to the high, followed by another 5 wave impulse down, taking out the low, and then a return to the high's again. This Price action qualifies as an Elliott wave Zig Zag. Looking at the volume profile I am observing that the Point of Control aligns with the Wave 4 extreme...
Last time USD JPY touched 150 before 2022 was 1998 and in 2024 we are back at it! This is very much backed up by BOJ keeping Interest rate at sub zero level ( negative ) and forcing inflation in JAPAN due to heavy deflation caused by wrong BOJ policy before. BOJ was talking about if wages grow and inflation comes from demand not hiking price energy, they will...
Events to watch out for today: 15:30 EET. USD - Consumer price index 21:00 EET. USD - Publication of the Fed meeting minutes USDJPY: The USD/JPY pair remains silent ahead of the release of the US Consumer Price Index (CPI) data and the Fed meeting minutes on Wednesday. The pair is holding near 151.80 during Asian trading hours. The Japanese Yen (JPY) may...
Hello How are you ? We have Double Top And penetration of Neck So l respect the selling
A bright and clear Bullish flag pattern. Putting a buy stop and sl tp according to the pattern and hoping it would make a very good bullish rally.
When chart breaks 151.796 and does a reversal from the level we can plan a trade of 1:3 Risk/Reward Ratio with target 151.935
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....
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....
The Japanese yen weakened barely on Tuesday, with USDJPY now lower back toward 152 - its maximum stage in view that 1990. The yen`s weak spot comes whilst Japanese officers time and again warn that they'll reply correctly to hypothesis in opposition to the yen. However, promoting momentum piled at the yen, specially withinside the face of better longer-dated US...
The Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar. A Perfect Storm for the Yen...
short and simple. trade I'm taking based of trend break towards the bearish side. in confluence with a simple fib retracement.
Hello Everyone 🙋🏽♂️ Triangle pattern + RSI Signal 💲 Entry Point : 143.571 🟢 TP 151.922 🔴 SL 139.473 We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone, manage your lot size as well and your SL and TP and my opinion is 0.01 lot for each 500 $. Don't forget to hit the like bottom and...
monthly and weekly are up. as our entry area we have a daily rally base rally.
USDJPY may retrace from a key daily horizontal resistance based on the year's high. As a confirmation, I see a double top formation with a confirmed neckline violation. Goals: 151.4 / 151.15 ❤️Please, support my work with like, thank you!❤️
UPDATE We got into a trade to the downside but pulled out because of SL in profit but for the idea we had, we did well and we did fair. This is not your fathers market hence we put SL into profit.
In general, USD/JPY is still in an upward trend, but in the Tuesday's US trading session, the price began to decline to the level of 151.75. This may indicate short-term volatility in the market. Based on technical analysis, we can see that the price has broken through the SMA 20 and SMA 50 moving averages. This suggests that the short-term downward momentum may...