Is BOJ's Intervention Hiding Behind Inflation Data? Japanese inflation data is scheduled for release on Thursday, but its impact on the market might be subdued. Investors could prefer to pay attention to next week's quarterly growth and price forecasts from the Bank of Japan, which could be the real market movers. According to sources cited by Reuters, the...
FX:USDJPY Currently in a strong weekly supply zone currently looking for a short back down to 153.230 or even 152.800 then looking to see how it reacts down there for a possible retest of 155$ bring a big psychological level
This is my favorite asset, the uptrend is so solid for my trade and this impulsive could be the 3 of 3 wave The pair create a Leading Diagonal, usually works at the start of impulsive wave. Internal structure are 5-3-5-3-5, then a corrective ABC finished at the 0.38. My small experience give me the target zone of 2.61 of fib retracement (158.5) This analysis match...
Borrow Yen buy Dollars!!! :) BOJ will do what they do Probably beneficial to Japanese stocks as their companies are obviously big exporters think Honda , Toyota... Beautiful Inverse Head and shoulders in progress Big Charts ---> Big Patterns ---> Big moves
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USD/JPY is still maintaining a strong upward trend, reflecting the strength of the USD against the Japanese Yen. However, when looking at the chart, the Relative Strength Index (RSI) indicates signs that the market is trading in overbought territory. This suggests that there is a possibility for USD/JPY to experience a correction or a price decrease before...
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. For now I expect a retracement price to fill the imbalance lower and then to reject from bullish order block. Like, comment and subscribe to be in touch with my content!
Overal, USD/JPY is still maintaining a strong upward trend, reflecting the robustness of the US dollar against the Japanese yen. However, upon looking at the chart, it shows that the price has declined and touched the Simple Moving Average SMA 50 below the 154.00 level. Touching this area may require some modest pullbacks before any further increases occur.
As We Talked in The Previous Analysis: The USDJPY Reached The Resistance Level (151.908 - 151.318). Currently, This Key Level is Broken, and Becomes a New Support Level ! So, I Predict a Bullish Move 📈. ------------- TARGET: 154.620🎯
Price currently trade at 154.458 ( resistance level) I anticipate a sell from the current market price. Target is 153.869 Technically, price is forming a double top In M15 timeframe .
USDJPY idea long position analysis 1Hr Pair : USDJPY Position : LONG ( BUY ) Entry 2 : 154.500 STOP LOSS @ 153.100 TP 1 @ 154.750 TP 2 @ 155.000 TP 3 @ open ( Trailing SL )
Hey everyone, today the USDJPY is hitting new heights, currently cruising around 153.80 and marking a daily increase of 0.38%. This currency pair has been on a tear since a solid consolidation last Friday. With no historical price levels left to target, USDJPY is charting its own course, but we can still ride the market trend. The outlook remains bullish as it...
When the first time I share my thought and my chart to everybody about this USDJPY monthly chart pattern in several years ago and repost in early January/February 2024, the reaction was "no way"...."impossible"...ect. But then it break the resistance above 152. What else teh reaction? Near term resistance will be 155-157 areas, but then Japan probably get the...
welcome here is my usdjpy idea its based on very bullish market price trading above all emas, weekly pivot, 50%fib level of monthly and weekly candle retest possibility is given but is price very bullish and will may continue straight without retesting tight stoploss to cover retest possibility
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
Ideas not advice 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....
Hello traders, in the USD/JPY daily chart, we can see the formation of a massive ascending triangle. The upper end of the triangle is at 152 level, which if broken could lead to a massive leg up. At this point, I would recommend traders to avoid placing short entries. In fact, the plan would be to see how price behaves at the 152 level. If there is a breakout,...
USDJPY is rising toward the pivot point which lines up with 78.6% Fibonacci projection and could potentially fall to a pullback support level Alternatively, if price breaks above the pivot, it could continue to rise to the next resistance level which is aligned with the 100% Fibonacci projection Pivot: 154.81 Support: 151.93 Resistance: 157.04 Risk...