The Japanese Yen has been on a rollercoaster ride recently, weakening against the US dollar. This has sparked concerns in Japan, but the government has remained tight-lipped on whether they've intervened to prop up the currency. This silence, some argue, is a strategic necessity in the face of a more dominant player: the US Federal Reserve. Traditionally,...
After the BoJ intervened yesterday (Monday, 29/04/2024) price fell over 3%. Right now, price trades at 157.518 yen per dollar. We may experience a fall from the current market price upto 155.147 (H1 pullback support) A sell opportunity is envisaged.
USD/JPY formed a bullish peanut pattern, indicating potential upward movement. A breakout from this pattern suggests a bullish trend continuation, with traders likely eyeing further gains in the pair.
USDJPY long term bias is still bullish. As USD is strengthening with JPY is weakening. Price pullback to previous support level and reject from the support. It had formed a ascending triangle. The ascending triangle was broken through the resistance level. Set a long trade. targeting the weekly swing high.
Hey, guys Usdjpy is still showing a very strong bullish stance. I expect a pullback around 153.32-153.09. Once I see this area to hold, then this could be a very good buying area. We can see up to 156.71 or higher If that happens, it might put us in a better position to enter the deal
I think the price recently broke out of the downside range. I expect to continue down, whether it's your retest or the price creates support and then breaks out, or you can use tapering techniques to find a trend pattern
On the chart, USDJPY is currently at its highest level in decades, at 155.00. That has traders worried about the risk of Japanese intervention in currency markets. A strong recovery in the US dollar also helped push the dollar higher against the yen. From a technical point of view, the market is stable but shows signs of correction. Before resuming the uptrend,...
Hello, guys! Just a quick UJ update. The trade looks very good and now we will be tracking stop losses to levels around 156/157. Is it possible to add another entry at 160.40 and take away all profits
Bulls look strong again on USDJPY. After a presumable intervention, the market dropped by 500 pips on Monday. The price formed a bullish triangle on a 4H time frame then. At the moment, I see a confirmed violation of its neckline The pair may keep growing at least to 158.35 now. ❤️Please, support my work with like, thank you!❤️
In this USDJPY 30-minute chart analysis, I'm leaning towards a SHORT position based on the Elliott Wave Theory. Observing the price movements, it appears we've completed an impulsive five-wave sequence, with the final (5) wave exhibiting a dramatic peak. Following Elliott Wave principles, after a five-wave uptrend, a correction typically ensues, which consists of...
Like GJ, I am staying very far away. WEEKLY We are currently testing with a hanging man, which is usually a reversal candlestick, so we will keep waiting for it to complete as it can change. DAILY This is the highest price UJ has ever crossed in its history, which indicates the strength of the dollar to the Yen. Which is why we can watch as well what the DXY is...
Overview: The USD/JPY pair has been exhibiting a strong bullish trend over recent weeks, as observed in the series of green candlesticks. The most recent data indicates a pullback, with a red candlestick signaling potential short-term reversal or retracement. This analysis will leverage various technical indicators and market data to predict future movements and...
A technical and fundamental outlook. Fundamentally US economy is looking decently healthy with rising inflation and higher retail sales than expectation. The short way of saying this is they are all making some decent money out there and they are spending it. Technically, this generated a huge upward momentum breaking through 154 area. This makes the trend mega...
Hello to all our subscribers. Please share your personal opinions in the comments. We ask for your support through boosters and subscriptions. While the Japanese stock market took a day off, the value of the yen plummeted, causing the dollar-yen exchange rate to surge. However, after the surge, there was another sharp decline, which is speculated to have been...
The analysis is based on the attractive magnetic force, which in turn attracts the price to it if it meets certain conditions!!! This knowledge is not available to anyone and is something I have reservations about? We will soon see the price response to this event
The current selling zone for the USD/JPY pair is at 156.79, indicating a potential downward movement in the currency pair. Traders are eyeing multiple take-profit levels, with targets set at 156.40, 156.00, and 155.50, reflecting varying degrees of profit-taking strategies. These levels suggest that traders are anticipating the pair to decrease in value, with...
The current opportune zone for buying the USDJPY pair is at 159.23. This indicates a favorable entry point for traders looking to capitalize on potential gains. The strategy suggests setting two take-profit levels: the first at 159.00 and the second at 160.00. These levels represent anticipated price points where traders can secure profits from their...
On weekly chart, the USDJPY continues soaring after a bullish breakout from a long term ascending triangle formed since 2022. The bullish breakout occurred on 10th of April when the pair decisively pierced above the 152 resistance zone, and the breakout with an upside target of 176 (measured by triangles height) remains valid as the subsequent weeks continued...