price is being rejected on 150.00 , hence we expect a bearish momentum . keep a close eye on this one
The USDJPY is currently undergoing a correction in relation to the support level in the context of the corrective movement of the DXY (Dollar Index). Logically, in an uptrend, the support level would push the price higher, but what could happen? On the daily timeframe, the DXY is forming a correction towards a significant support level, which could lead to a...
Pattern: Double Top Pattern Characteristics: Formation: Two peaks at approximately the same price level, separated by a trough. Bearish Reversal Signal: Indicates a potential trend reversal from bullish to bearish. Market Conditions: Consider the overall market conditions, economic events, and news that might impact the trade. Monitoring: Regularly monitor the...
Greetings! It appears that the upward movement of USDJPY came to a halt at 149.15. The currency pair failed to reach the anticipated level of 150.00 as a downtrend formed, and currently, it is being traded at 148.88. Samson suggests that there is a possibility of revisiting the significant level of 147.80. Additionally, Samson still holds a positive outlook on...
Greetings, traders. At present, the market is experiencing a favorable upward trend, with prices remaining high and currently trading around US $149.11. On the 4-hour time frame, the technical analysis shows that there has been no significant breach. It is anticipated that there will be a minor correction to $148.62, followed by a subsequent increase to...
Hello dear traders, the USDJPY has increased as predicted during yesterday's trading session. After a strong surge to 149.53, this currency pair has now slightly decreased to 149.24. This pair is considered unsuccessful as it hasn't reached the predicted level of 150.00 yet. It is currently trading at 149.23 USD and is expected to test the support level of 148.00...
USDJPY began the trading week on a back foot within a two-month-old rising wedge bearish chart formation. That said, the Yen pair snapped a four-week uptrend in the last but failed to confirm the rising wedge, neither it could break the 200-SMA support. However, the RSI conditions and the MACD conditions join the quote’s failure to cross the 50-SMA immediate...
Hello everyone, Samson here. Let's discuss USDJPY today. Today, the Minister of Finance of Japan reiterated that the exchange rate must remain stable, reflecting fundamental principles and the government's readiness to take necessary actions to counter excessive volatility without excluding any options. This, along with overall weak risk sentiment, could benefit...
On Thursday, there is significant selling pressure on USD/JPY, with the pair trading around 149.00. The long decline of the US dollar and the interest rate of the US Treasury bond have heavily impacted this currency pair. Additionally, concerns about Japanese intervention have further weighed down on USD/JPY. Taking a closer look at the technical analysis on the...
Join Samson as we explore the market! Today, USDJPY experienced a significant drop, although it is merely a minor correction. Analyzing the technical analysis on the H4 timeframe, this currency pair continues to demonstrate an upward trend. Despite being influenced by selling pressure previously, it has rebounded by 0.13% today and currently sits at 149.27. Our...
hi guys do follow and like for more easy content .. SL should be above the in lower time frame in 5 minutes if the market structure changes can jump into sell potion risk to reward ratio is good...
The USDJPY pair is maintaining a high level today, currently trading just below the 11-month high of 150.00 at around 149.68. The couple is waiting for signals from the Japanese government while taking into account the impact of words spoken by officials. The strengthening US dollar and higher yields on US treasury bonds have been driving this currency...
Chart to Remember ... Something to Ponder USDJPY will be forming a Higher High and Lower Low pattern meaning bullishness on Yearly and suggesting things to come. Targets are identified using Fibonacci. Similar Things is happening in EURUSD yearly charts which is also suggesting Higher DXY. No Idea how things unfold
Yen reversed sharply after job opening data release in US. Most probably due to Bank of Japan intervening in forex markets Safe to assume that BOJ will defend 150 levels
Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week. USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high. On the other hand, this currency pair is...
Greetings to all my dear acquaintances, let's embark on a journey with Selena as she explores the USDJPY currency pair! At present, UJ (USDJPY) is demonstrating ongoing positive movement and is currently being traded at 149.47. The recent release of encouraging data from Japan has provided a boost to this particular monetary combination. Despite short-term...
USDJPY extends Friday’s rebound from the nine-week-old rising support line while printing the fresh high of the year 2023. It’s worth noting, however, that the overbought RSI (14) line and lackluster MACD signals suggest hardships for the pair buyers moving forward. Also challenging the upside is the 150.00 psychological magnet and a seven-month-old ascending...
I was long for a the whole sept, my previous idea on USD/JPY can be seen how I was expecting it to grow forward and initiated long TF profits. As of now, it is still early to say if Japanese are satisfied with the devaluation or are they going to continue and break the 1 year low, that still remains the question. But meanwhile on H1, D1 as Entry and Analysis...