#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance Why we like it: Price is trading in nearby 4hr support area Waiting for bullish candlesticks formed possible to move the next resistance...
USDJPY renews its six-week low while extending the downside break of a five-month-old ascending trend line, as well as the 50-DMA. However, the pair’s further declines appear less convincing as the nearly oversold RSI and proximity to the horizontal support zone from late April, around 131.50-25 challenge the bears. Even if the quote drops below 131.25, a...
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...
USDJPY broke a five-week-old support line, as well as a horizontal area around 134.25 that comprises the levels marked since June 17, to refresh the monthly low near 133.75. It’s worth noting, however, that oversold RSI conditions challenge the bears ahead of the US PCE Price Index for July, the Fed’s preferred inflation data. However, the corrective pullback...
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...
Setup Contains: 1. Stop Hunt 2. HTF Point Of Interest 3. Break of Structure 4. Return To OrderBlock FOLLOW PAFX & TRADE LIKE BANKS 💸
usdjpy i am looking for sell. 30 min chart supply area + s&r area. price going up but AO coming down. Mercury Technicals is not an investment advisory service, or a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities customers should buy or sell for themselves. warning: Note! The Analysis video shared here...
Trading Ideas- Long positions above 131.47 with targets at 139.95 & 142.44 Alternative scenario If price goes down 131.47 look for 129.54 & 126.35 as targets. Supports and resistances 129.54 & 126.35 139.95 & 142.44
I Found a Triangle pattern in USDJPY and break down also done so most probability it will be come little bit dwon
Trading Ideas- Long positions above 131.48 with targets at 137.95 & 139.94 Alternative scenario If price goes down 131.48 look for 129.54 & 126.34 as targets. Supports and resistances 129.54 & 126.34 137.95 & 139.94
USD/JPY – The Greenback rallied against the Japanese Yen at 136.05 at the New York close from Friday’s opening of 135.65. The 10-basis point rise in the benchmark US 10-year bond yield (3.08%) contrasted with a flat finish in Japan’s 10-year JGB rate of 0.24%. Which had more impact on USD/JPY than the assassination of former PM Abe. Looking for Buying Opportunities in it.
USDJPY begins the week on a positive note by rising for six consecutive days to refresh the multi-year high. The yen pair, however, has limited upside room before hitting the key hurdles. The nearness to resistance joins almost oversold RSI to also challenge the buyers. That said, the upper line of the three-week-old bullish channel, near 137.35, appears the...
Price is extremely bullish Idea - Breakout traders can go long once level of 136.736 is taken out while Pullback traders should wait for the retracement to go long. Major Pivot - 136.500 Caution - The trend is a bit overextended.
Theory: DIAGONAL: Diagonal are the motive waves like an impulse wave, but diagonals are different from impulse wave in that they do follow the first two Sutras (rules of impulse wave) for wave analysis, but it does not follow the third one i.e. Wave 4 should not intervene the territory of the wave 1. In a diagonal wave 4 always enters into the price territory of...
A major forex pair, USD/JPY, is trading at highs it hasn't revisited since 1998 & 2002. As it rises, the value of the Japanese yen keeps dropping. Already at "historic lows," how much lower could the yen go? The thrust from the wave b triangle is still unfolding.
sell usdjpy as 135.50 proves to be strong Resistance if it does break 135.50 then USDJPY can make lows near 130.0 also shown in chart it has broken the channel and may breakout from this rising wedge downside Even from its high 135.50 to 133.50 , if you draw fibonacci you can see SELLING pressure right from 61.8 level ( 134.79 )
USJPY will move up for the day we aim 135.20 and 136.0 SL should be 132.90 Potential Entry to buy 1 = 134.50 2 = 133.70 if market remains in our favor then we will trail our TP further
USDJPY sustains upside break of a weekly resistance line, now support around 134.85, as bulls brace for the fresh multi-year high, currently around 136.70. In doing so, the yen pair could aim for the 61.8% Fibonacci Expansion (FE) of May 24 to June 16 moves, near 137.20. However, a convergence of the 78.6% FE and the upper line of the monthly bullish channel, near...