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...
Clear BUY stop order. Please don't enter early. Momentum needed here. I am focusing only on FOREX MAJOR PAIRS trades with 1:2 RR and above. Trade types: Stop orders or Limit orders . NO MARKET ORDERS. So, traders may get enough time to place their orders in advance. All the best. $ 500 capital - 0.01 lot size. $ 1000 capital- 0.02 lot size
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...
Breakout trade set up found. No plan to enter early in the market. Wait for the bullish momentum, then enter as per the set up. All the best.
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...