USD/JPY, “US Dollar vs Japanese Yen” USD/JPY has completed a wave of correction to 150.15. Today the market is consolidating above this level. With an escape upwards, a new wave of growth to 152.20 could begin.
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Today, the USD/JPY pair is attracting a lot of buying activity on the first day of the new week and seems to have halted its retreat from the 150.75-150.80 level, the highest since October 2022 touched last week. However, Samson still maintains faith in the price and this currency pair is currently trading around the 149.70-149.75 area. It has gained less than...
US dollar from past few months have been very strong , but finally it has reached to the 151 level in USDJPY pair also this is a psychological level which is a strong resistance zone for the price , can sell now and aim for 1:2RR
USDJPY bounces off 200-SMA while testing the previous day’s rising wedge confirmation as Yen traders respond to the Bank of Japan’s (BoJ) inaction. With this, the risk-barometer pair not only challenges the bearish chart pattern but also teases the buyers, especially amid the looming bull cross on the MACD and a quick rebound in the RSI (14) line. However, the...
Dear readers, USDJPY is maintaining a strong upward trend above the 150.00 level, but it is currently trading relatively calmly as it fails to surpass the resistance level at 150.49. At the time of writing, the price is trading at 150.20. In my opinion, it would be wise to retest the previous breakout zone around 150.05 or look for support levels lower around...
USD/JPY has forming a correction for a movement to the downside, expecting to reach at 147.200 for short term.
Dear friends, As predicted by Samson, the upward momentum is still being strengthened and is currently trading at a high level of 150.39 today. USD/JPY is preparing for a decisive breakthrough above the psychological resistance level of 150.00. This asset seems strong as the US Dollar Index (DXY) continues to rise following S&P Global's report of increased...
Price is being rejected on 150 hence we expect a huge momentum towards the downside
Hi Guys, I hope you guys are enjoying Monday, I feel usdjpy once break the channel after retesting this will fall sharply... if you like my content do like, follow, and comment...
The USD/JPY has temporarily halted its two-day upward trend, possibly due to optimistic economic data from China. The spot price traded lower, near 149.80 during the European session on Wednesday. However, the USD/JPY is benefiting from positive retail sales figures from the United States, supported by higher interest rates from the US Treasury. Market observers...
The trend lines shows how positively the dollar has respected the uptrend. On W1 & D1 an upside till the last resistance where it can form a double top will be the area of interest and supply. Expecting for a positive US data which will lead to even stronger USD. Expecting 120 pips.
Hello dear traders! Currently, the USD/JPY pair has touched a level near 148.80 but quickly recovered to a wider trading range around 149.50 as the Bank of Japan (BoJ) is expected to announce inflation forecasts for fiscal years 2023 and 2024 earlier than anticipated. Forecast: The hope for intervention from the Japanese government in the FX market is...
Currently, the USD/JPY pair is holding steady at 149.60 during the early European trading hours on Tuesday. The demand for the US Dollar (USD) and the recovery of US Treasury bond yields have provided some support for this currency pair. Investors are awaiting the US Retail Sales data on Tuesday for fresh impetus. The monthly figures are expected to increase by...
Technical Analysis: Identifying a sustained uptrend in USD/JPY on the daily chart. Bearish Engulfing Pattern: Observing a bearish engulfing pattern where a larger bearish candle fully engulfs the previous smaller bullish candle, signaling a potential trend reversal. Execution: Entry Point: Initiate a short position (sell) after the confirmation of the bearish...
Hello dear traders! Last week, USDJPY broke out of its upward trend and started moving sideways. It is currently trading at 149.51. However, there are still no signs of USDJPY reversing its direction. This is evident as the currency pair is in an upward trend and is gradually approaching a strong resistance level at 150.000. It is expected to retest the support...
Currently, USDJPY is gradually approaching the 150.00 level after receiving strong support from the 137.30 support level. USD/JPY aims to regain its three-day winning streak, trading around 149.80 in today's trading session. This pair has gained price support due to a series of optimistic economic data from the United States (US). Looking at the technical...
Currently, USD/JPY has ended its two-day uptrend and is trading lower around the 149.00 level in the Asian trading session on Thursday. The USD/JPY exchange rate is facing challenges due to the possibility of the Federal Reserve (Fed) ending its interest rate hike cycle. Accordingly, the Federal Reserve of the United States (Fed) will abandon the idea of raising...