BBSignTraders

BBSignTraders

Recent Levels and Bullish Trend: The USD/JPY pair recently maintained around the 145.82 level. There was a bullish momentum due to the relaxation of expectations about the tightening of the Bank of Japan's policy. Influence of Economic Data: The upcoming U.S. inflation figures are expected to influence the policy of the U.S. Federal Reserve, which could affect...

BBSignTraders

The USD/JPY currency pair has seen significant movements recently, with several factors influencing its expected performance next week: Current Position and Recent Movements: As of December 14, 2023, USD/JPY stood at 141.986, indicating a decrease of 2.28%. The currency hit a high of 145.995 and a low of 141.832 during this period. Over a broader 52-week range,...

BBSignTraders

From my viewpoint, the GBP/JPY pair has recently exhibited a notable bearish trend, reaching an eight-week low which suggests additional caution in the short term. Monitoring key support levels like the 185.63 area and the psychological level of 185.00 is crucial for planning trading strategies. I am watching for a potential technical shift towards a more...

BBSignTraders

In my analysis of the USD/JPY pair, the technical setup currently indicates a bearish trend, with the price action recently breaking through key support levels, which could potentially become resistance. My interpretation of the chart suggests caution as the downtrend may persist. However, fundamental factors such as central bank policies, economic indicators, and...

BBSignTraders

For the current week, the USD/JPY pair has shown a decline, closing Monday's session at 148.675. Investors are speculating on a possible shift in the Bank of Japan's policy away from negative interest rates, which could support a move of the pair towards 145. Consumer confidence in the U.S. and comments from FOMC members are also key factors that could influence...

BBSignTraders

Be Careful with the hidden bulls at this level today Nov 21 2023. As of the latest market activity, the USD/JPY pair has shown bearish sentiment after moving below the 149.00 level, which is near six-week lows, as per technical analysis reports. It's trading around 149.00 following a 23.6% Fibonacci retracement. Technical indicators are suggesting that there is...

BBSignTraders

The technical analysis for XAU/USD (Gold/US Dollar) is showing a neutral to slightly bearish sentiment at the moment. The summary from a technical analysis is neutral, with moving averages giving equal buy and sell signals (6 each). However, the technical indicators are leaning more towards sell (4) than buy (2), suggesting that there might be a slight bearish...

BBSignTraders

The forecast for the GBP/USD currency pair for the upcoming week shows a mixed sentiment among experts. According to the FXStreet Forecast Poll, while some anticipate the GBP/USD pair to continue to trade around the current levels, others foresee a short-term bearish trend with the one-week average target aligning at 1.2464. However, there is also a belief that...

BBSignTraders

The USD/JPY pair closed bearish on Friday, with the dollar trading below 150 yen due to growing concerns about a weakening global economic outlook​​. This bearish trend was influenced by cooler-than-expected U.S. inflation data and expectations of a potential Federal Reserve rate cut in the future​​. Looking ahead to next week, forecasts will likely consider the...

BBSignTraders

The current trend of the USD/JPY is showing bearish signals as it is trading in a bearish zone below the levels of 151.00 and 150.70. There was a break below a major bullish trend line with support at 151.65 on the hourly chart, indicating that the pair is declining and exhibiting bearish signs below the 151.00 level​​. Regarding consolidation, the USD/JPY is...