USDJPY reverses the first weekly loss in five while printing mild gains around 150.50 early Tuesday. In doing so, the Yen pair seesaws near a three-week-old horizontal resistance surrounding 150.90-151.00. It’s worth noting that the lackluster RSI and sluggish MACD signals suggest further grinding of the quote below the stated key resistance. The bearish momentum,...
USDJPY Technical Analysis According Short Because, USDJPY Ascending Channel or Ascending Triangle Breakout or Retest Complete. Now I think USDJPY is the Sell. for Long Time Trade.
Hello dear friends! Today, USDJPY continues to be limited below the resistance level of 150.750 in the early trading hours of the new week. This currency pair is declining due to the decrease in US Treasury bond yields, amid cautiousness and concerns about inflation data in the United States. However, the recent appreciation of the US dollar may limit the...
Dear friends, USDJPY experienced a sharp decline today. The price has been consistently plummeting since reaching 150.844 and is currently hovering around 149.789 after half a day. On the analysis chart: This currency pair has surpassed most of its important support levels, and there is still a favorable outlook for further price drops as the trendline has been...
usdjpy falls off drastically and now if it shows some strong upsidness then it is a good buy opportunity with good volume
Now market major resistance level moving down and the trend line support level breakout the long bearish candle. It's time to sell opportunity
USD/JPY technical analysis The above-estimated CPI print saw USD/JPY fall ~20 pips, which is by no means a particularly big move. But it has helped the pair retrace further from its highs as we head closer towards the key US PCE inflation report later this week. Technically, I am now seeking evidence of a swing low for a potential swing trade long on the 1-hour...
Here is my idea for USDJPY sell on M15. TP target is around 150.210
USDJPY rose in the last four consecutive weeks even if the US Dollar Index (DXY) snapped a five-week uptrend, amid an increase in the near-term US Treasury bond yields and chatters about a delay in the Bank of Japan’s (BoJ) delay in ending the ultra lose monetary policy. It’s worth noting, however, that the technical signals are against the Yen pair buyers as the...
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...
1:2 risk reward Waiting entry at 4 hr ob Targetting external range liq as mark by red line
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...
"USD/JPY Breakout: Riding High on Momentum and Volume Surge" The USD/JPY currency pair is currently experiencing a significant breakout, propelled by robust momentum and a surge in trading volume. This breakout marks a pivotal moment in the pair's trading dynamics, offering lucrative opportunities for traders seeking to capitalize on strong market...
USDJPY snaps a two-day losing streak early Friday while challenging the previous day’s rising wedge bearish chart pattern’s confirmation. In doing so, the Yen pair justifies an upbeat RSI (14) line, as well as an impending bull cross on the MACD. It’s worth noting, however, that a clear upside break of 150.50 support-turned-resistance becomes necessary to defy the...
At support and the 50% Fibonacci retracement level, USD/JPY is positioned in a potentially favorable buying zone, offering a confluence of technical indicators for traders to consider. Here's a breakdown: Support Level: Support levels are areas where the price tends to find buying interest, as demand for the asset increases, potentially halting a downward trend....
Breakout trading can be a profitable strategy when executed properly, but it also carries risks, including false breakouts and whipsaws. Therefore, it's essential to combine breakout trading with other technical analysis tools and risk management techniques to increase the probability of success. Additionally, staying informed about market developments and...
Well that got executed perfectly , forgot to post it before , it was simple breaking lover low and breaking support to make prefect resistance
price is reversing from 149.578 without testing resistance which mean a lack of buying liquidity the following previous green long candles left behind imbalance which have created fair value area with applying fib to draw the PD area 149 to 148.781 is above discount zone which will hold less impact whereas 148.500 to 148.300 is the zone where we can look for...