In contrast to sterling, which reached 15-month highs after data on wage growth fueled hopes that the Bank of England (BoE) still has room to raise rates, the dollar fell to a two-month low on Wednesday ahead of a critical report on U.S. inflation.
The Bank of Japan (BOJ) is expected to announce adjustments to its ultra-low interest-rate policy at its meeting...
USDJPY – What's the intervention threshold?
In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change...
In Daily and Weekly, TF shows weakness, so every bounce is a shoring opportunity.
There are two resistance on the chart in 4Hr TF, as marked in the chart.
The strong support zone near 138.500-139.200.
Hello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your...
Chart is self-explanatory. we have the breakdown from the range on the hourly timeframe and we are seeing a re-test of the pivot level now. Target is the depth of the pattern and the stop is above the range.
USDJPY’s U-turn from an eight-month high has significance for the sellers as it reverses from a convergence of the rising wedge bearish chart pattern’s top-line and a 10-month-old horizontal resistance area. Not only that, but the overbought RSI also suggests the end of a bullish reign. The same signals the Yen pair’s pullback to the 61.8% Fibonacci retracement of...
6 days continues close in green as of now we may close in red. If we sustain below the low of todays candle then we will see some more red days as we haven't seen any profit bookings in 4 h time. Expecting some Correections.
