Despite the latest pullback from a 24-year high, the USDJPY remains inside a five-month-old megaphone formation suggesting a further widening of the uptrend. Even so, the overbought RSI (14) suggests a pullback of the yen pair, which in turn highlights a two-month-old horizontal support area surrounding 134.00-134.40. Following that, the 50-DMA and 100-DMA could...
USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998. Considering the RSI (14) uptrend, not overbought, as well as the bullish MACD signals, the quote is likely to approach the 140.00 threshold. It should be noted that the RSI could turn overbought at that level, given the minor space available, which in...
Wait And Watch ?? Look for Low risk, High reward, and High Probability setups- Things to Remember while Trading with the Trend 1. Know what the trend is. 2. The best trades are made in the direction of the trend. 3. Assume that the main trendline or moving average will hold. 4. The longer the moving average is, the better it defines the trend. 5. Wait for the...
USDJPY remains pressured around a two-week low, despite the latest rebound from 127.50, after the yen pair slipped beneath an upward sloping support line from March-end. The south-run recently broke 100-SMA and is well on the way to the 127.00-126.90 zone comprising 200-SMA and multiple levels marked in a month. It’s worth noting that the pair’s downside past...
As seen in monthly chart of USDJPY, inverted head and shoulder is formed. Breakout above 127.50/128 with volumes will make it run to multi decade highs. Likely scenario: With current global inflation, BOJ is forced to abandon its yield curve control strategy, that brings the yen devaluation option to the forefront. God bless us all!!!
USDJPY cheers the greenback’s robust strength ahead of the Fed’s widely anticipated rate-hike to refresh five-year high. In doing so, the yen pair defied an upward sloping trend channel from late November, backed by the bullish MACD signals. However, overbought RSI and double tops around 118.65 could challenge the quote’s further upside. In a case where the pair...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has hit its RESISTANCE and is falling down. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
Hello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price has reversed from its RESISTANCE. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing...
OCT. 7 and OCT. 19. (in purple) NASDAQ : USDYEN : EURUSD : DXY : SILVER These BIG FIVE have consistent direct and inverse relationships with each other (for example: the USDYEN predicts the movement of the US-indices) AND on these two(2) dates their EW-WAVES area ALL lining up. According to my count which has been unfolding since last Friday
Dollar against Japanese yen , have been bullish last week, during the initial phase of the week, it may see bearish moment due to Dollar weakness, again have a chance to bounce from the 105.200 area, may show the bullish at the starting of the October..
ON DAILY TIME FRAME = There is a Fibonacci retracement level of 0.618 between the levels of 106.352 and 104.019 ON HOURLY TIME FRAME = Level of 105.530 has been rejected several times. Also we can find a downward trend on overall chart So, from above observation there is a lot of probability that in coming days USD may be Bearish and JPY may be Bullish....
Pound against Japanese yen, has completed the week rejection candle (Shooting star) in weekly chart, it indicates the price stopped go above the last week open, price may attracts towards 138.500 area .. note - price action analysis done only for education purpose, predictions are subjected to change..
The US dollar remains under downside pressure against the Japanese yen, following the release of more weak data from the US economy. From a technical perspective, the USDJPY pair is extremely weak while trading below the 108.60 support level. Going forward, a break under the 108.20 level exposes the USDJPY pair to heavy technical selling towards the 107.50 level...
The US dollar has fallen back under the 108.90 level against the Japanese yen currency, making the pair technically bearish over the short-term. Continued weakness under this key area could provoke further losses towards the 108.20 level. The USDJPY pair could capitulate to technical selling if the 108.20 support level is broken. • The USDJPY pair is only...
The US dollar continues to target towards 110.00 level against the Japanese yen as the greenback remains well-supported across the board. The recent high around the 109.60 level provided a signal that the USDJPY intends to push higher over the shor-term. The 110.90 level could be the overall upside objective for medium-term bulls if the 110.00 resistance level is...
The US dollar has moved back towards key trendline resistance against the Japanese yen currency, although price has so far rejected the upside attack. The USDJPY pair is still vulnerable to further downside while trading below the October monthly price high. Overall, Sino-US trade news is dictating the moves in the USDJPY pair, the short-term trend is now...
The US dollar remains vulnerable to further losses against the Japanese yen currency as market sentiment towards Sino-US trade talks is fragile. The USDJPY pair is likely to suffer a strong decline once a confirmed breakout below the 107.90 level occurs. Going forward, selling any rallies towards the 109.00 resistance level appears to be the best short-term...