The demand is between the downtrend lines. Hence, the candlesticks respect the behaviour. USD pairs are on the fall due to high valuations and downtrend patterns.
USDJPY can be shorted at near marked price with Profit and SL.
Good Morning, For the today USDJPY EURNZD and GBPJPY seems good to trade. I am not suggesting any buy or sell, this is just for the Educational Purpose.
Price at support and momentum loss showing bears failed to move price down.
Even if the USDJPY pair posted the biggest weekly gains in seven in the last, it remains inside a bearish channel. Additionally keeping the Yen pair sellers hopeful is the quote’s repeated failures to cross the 100-SMA. That said, the quote currently drops towards a one-week-old support line, close to 128.00. However, the May 2022 low will join the lower line of a...
Dollar remains unloved; sterling drops on weak retail sales Investing.com - The U.S. dollar edged lower in early European trade Friday, remaining around seven-month lows amid concerns of a U.S. economic slowdown, while sterling retreated after weak retail sales data. At 03:15 ET (08:15 GMT), the Dollar Index, which tracks the greenback against a basket of six...
The price is consolidating above the support level in the H1 timeframe. According to the Fibonacci Retracement, we might see a bounce toward the 130.14 and 130.45, 50.0, and 61.8 Fibonacci levels, respectively. ❌SL: Below the support area Be accurate! The US PPI will be announced in less than an hour!
My new Long term analysis for USDJPY Structure is now broken and its going upside for inducement sweep. After inducement taken out we can sell also we can sell when price tap on order block. Lets take entry with small lot because its long term trade. Trade with your plan and money management. Thanks.
Despite rising nearly 300 pips following the Bank of Japan’s (BoJ) inaction, the USDJPY pair remains on the bear’s radar as it is yet to cross a four-month-long descending trend line resistance, around 131.10-15 by the press time. That said, the RSI’s rebound from the conditions also intraday buyers. It’s worth noting that the 50-DMA pierces the 200-DMA from above...
Hello Traders! It's a simple trade today. Very basic . Sometimes we tend to complicate the market when all it needs is simplification. 1. Falling wedge pattern with trend respected. 2. A comfirmation in 30 min tf (W pattern) and 2hr tf ( indecision candle and then a bullish reversal candle). 3. But still, as a precautionary measure, we'll wait for the...
quick trade news,didnt getto publish on time DO NOT TAKE MY TRADES THEY ARE PERSONAL AND COULD BE MISLEADING.
For the Educational purpose, Chart Patterns and Technical Analysis
Usdjpy All jpy pair touching their lows during last fundamental jpy broke its zone of 130 which was acting as a support for one month.Now for this week we can see price movement within a descending channel and very soon price will test again a solid support zone of 126. Where we will see a little bullish move upside but remember for good and healthy trend move...
Hello Traders! 1. I see a potential head and shoulder on the USDJPY chart. 2. It's still a pattern in the making and hence makes it a bit of a risky trade but definitely worth a shot as the market stands on a major support on the daily TF and has been consolidating in the region for quite some time now. 3. Also, as per my trade, we are entering at the...
looking for uj sells off of my confirmations and my trading plan DONT TAKE MY ATTEMPTS/TRADES THEY ARE PERSONAL AND YOU MIGHT LOOSE MONEY
We saw USDJPY long Because USDJPY Follow the Descending Channel and Bullish Trend Follow.
One can expect very sharp recovery in #USDJPY SO one one can take little risk and go for buy position