this currency pair is again approaching its supply area till now bulls have tried hards to control but from here it looks difficult to hold. its on the radar, upcoming setup to short
USDJPY consolidates the biggest daily loss in 14 years while positing a gradual rebound from the 78.6% Fibonacci retracement level of its May-October upside. The recovery moves also gain support from the RSI’s bounce off the oversold territory. However, the early month low near 133.65 challenges the immediate upside, a break of which could validation the Yen...
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
Midterm forecast: While the price is below the resistance 141.696, resumption of downtrend is expected. We make sure when the support at 130.351 breaks. If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid. We will close our open trades, if the Midterm level 141.696 is broken. Technical analysis: While the...
U.S. dollar weakens as risk appetite rises with data showing slowdown The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors' risk appetite.
USDJPY is likely to end 2022 on a negative note, despite bracing for the biggest yearly run-up since 2013. However, the Yen pair portrays a bearish chart pattern, a bear flag on the four-hour play as traders keep their eyes on the Bank of Japan (BOJ). Given the downbeat oscillators and hawkish expectations from the BOJ, the bearish chart formation amplifies the...
Have been tracking YEN from past 6 months, and went long on USD(short YEN) last night. I think it will stay in 134 to 138 range till a clear break out happens. What could be the trigger for that?
Double top, and its neckline was broken, US CPI data come negative Conservative traders should wait for the retest, and aggressive traders may continue selling
USDJPY fades bounce off the 200-DMA as it failed to cross the previous support line from late May. However, nearly oversold RSI challenges the sellers and hence a short-term consolidation between the 200-DMA and the support-turned-resistance line, respectively around 135.00 and 138.00, can’t be ruled out. Even if the quote rises past the 138.00 round figure, the...
USD/JPY Weekly Forecast – US Dollar Gives Up Early Gains for the Week The US dollar initially spiked to the ¥137.50 level, but then gave back a significant amount of gain to show signs of hesitation and volatility.
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
Trading Ideas- Short positions below 142.22 with targets at 133.64 & 131.36 Alternative scenario If price sustain above 142.22 look for 145.60 & 148.75 as targets. Supports and resistances 133.64 & 131.36 145.60 & 148.75
Usdjpy sell possible because head and shoulder pattern in 15 minutes candles so open a sell trade please use small lot the trade is for educational purposes only not a recommendation so i am not responsible for any loss
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
USDJPY is under immense pressure as it breaks the 200-DMA support, as well as marks the 3.5-month low. Even though the oversold RSI suggests a mild corrective bounce, the trend appears bearish after it broke an upward-sloping support line from late May. That said, the bears currently aim for the 78.6% Fibonacci retracement level of the pair’s May-October upside,...
#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
buy usdjpy usdjpy is trading near a strong buy support of 22nd May 2022. we clearly see it will touch the TP of 142 to 143 near