Harmonic Patterns
USDJPY - BoJ Interest Rate Decision?!Here is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels.
Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame .
USDJPY is currently trading at around 155.800 . Our scenarios are in play after the BoJ (Bank of Japan) Interest Rate Decision is out. Let’s take another look at them with more in-depth outcomes. These scenarios are written from just a TA (Technical Analysis) point of view.
Scenario 1: BUYS
-We broke above 156.700 .
With the break of 156.700 we can expect a possible move up to 158.748. With a a further break of this KL (Key Level) we can expect more upside on the pair potentially reaching top of the long-term range sitting at 161.820.
Scenario 2: SELLS
-We broke below 154.881 .
If we break bellow 154.881 we can expect more downside on the pair even up to 152.000. With breaks of this level we could see even lower levels sitting at around 149.394 or “bottom of the long-term range”.
IMPORTANT KEY LEVELS:
- 161.820; top of the long-term range
- 158.748; breaks above would result in more upside
- 154.881; breaks below would result in sells
- 152.817; breaks below confirming lower levels
- 152.030; breaks below confirming lower levels
- 149.394; bottom of the long-term range
Personal opinion:
It’s not advised to enter into sells or buys before we have a clear break or the BoJ Interest Rate Decision data out. For now we are patiently waiting on either breaks to the upside or breaks to the downside. More volatility on the pair is expected tomorrow so be careful.
KEY NOTES
- USDJPY breaking above 156.700 would confirm buys.
- USDJPY breaking below 154.881 would confirm sells.
- BoJ Interest Rate Decision is tomorrow.
Happy trading!
FxPocket
TRUMP Analysishello guys
After the good price growth that we had, the price has been corrected and he was able to make floors.
Now it has two scenarios:
1_ From here the price growth will happen.
2- With further modification of the support area below, I will see the formation of the double bottom pattern and move from there.
Therefore, the best solution is to buy a staircase whose limits we have specified for you.
*Trade safely with us*
$DXY/YEN can we still see 159.26 MAYBE OR NOT SECOND TOP in dollar yen Carry trade My Original view was for this chart to see at or above 162 for wave B But I also gave it a chance that we 159.26 this being where wave C up of B top would be .618 of wave [A} up we peaked at 158.57 The carry trade has been a major reason for worldwide Liquidity Inflating assets Worldwide and The US Treasury and Fed was the reason for USA assets to inflate . As I have said The GLOBAL Liquidity Cycle is ending and is just about to start the contraction cycle . So I am RATHER Bullish on the DXY for 2025 and into 2026 and bearish YEN I have the DXY seeing a 121 plus or minus 1.5 target . I picked up dxy at the low 100.60 to 99.8 see post I have sold at 110 and I am buying it back > I had targets of 107.6 but we are setting up for the next up leg in DXY and Drop in YEN best of trades Wavetimer
Cosmos (ATOM): Sellers Are Dominating So Far!Cosmos seems in a nice downtrend here after our catch of drop on smaller timeframes.
We are looking for another BoS to form that would continue this trend and might result in a proper fall!!
But if we see that buyers will break the pattern, we are going to look for longs there!
Swallow Team
Bullish bounce off pullback support?USO/USD is falling towards the support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 75.03
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci extension and the 50% Fibonacci retracement.
Stop loss: 73.03
Why we like it:
There is an overlap support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 77.44
Why we like it:
There is an overlap resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Heading into 61.8% Fibonacci resistance?XAG/USD is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 30.64
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement.
Stop loss: 30.91
Why we like it:
There is a pullback resistance level.
Take profit: 30.10
Why we like it:
There is a pullback support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 156.59
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Stop loss: 158.13
Why we like it:
There is a pullback resistance level.
Take profit: 154.74
Why we like it:
There is an overlap support level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.