EURJPY TO BUY (JPY BOJ NEWS THIS WEEK)As BOJ news is ahead for the Yen pairs (JPY) this week, we can see EURJPY is looking to rally up against the resistance. Therefore, we are looking to buy.
Entry:162.10
TP: 162.30-163.00
Jpy
Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 149.44
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 150.97
Why we like it:}
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 147.54
Why we like it:
There is a pullback support 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.
USDJPYYes, USD/JPY is following a strong downtrend, respecting the descending trendline. The break of the 148.000 support confirms further downside momentum. If sellers maintain control, the next key level to watch is 146.000, which aligns with previous demand zones and potential psychological support.
Keep an eye on fundamental factors like U.S. Treasury yields, BOJ interventions, and upcoming economic data, as they can influence the speed of the decline.
Are you looking to take a short trade on this move?
USDJPY Channel Down to make an important decision.The USDJPY pair has been trading within a Channel Down pattern since the January 10 High. During that time it technically got rejection upon every 4H MA100 (green trend-line) contact or close contact into a new Bearish Leg.
Three out of those four Bearish Legs have been -3.16% so even if a rejection does happen at the top (Lower Highs trend-line) of the Channel Down, you can still be expecting 145.350 as a Target.
If however the 4H RSI Bullish Divergence on Higher Lows prevails and causes the price to break above the Channel Down, we will accept the small loss on the short and go long instead, targeting the 2.0 Fibonacci extension at 156.000. A lower Target in that scenario can also be Resistance 2 (154.800).
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Potential bullish rise?USD/JPY has bounced off the pivot which has been identified as an overlap support and could rise to the 1st resistance.
Pivot: 148.14
1st Support: 147.58
1st Resistance: 149.25
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/JPY at a Key Level: Is a New Trend Emerging?USD/JPY is currently in the D1 discount zone and approaching a D1 FVG, where a potential reaction may occur. The price is moving within a downtrend channel for now.
If a reaction happens at this level, we should wait for a channel breakout. A trade opportunity arises either on the breakout retest or immediately after the breakout, confirming bullish momentum and increasing the probability of an upward move.
Risk Management Strategy:
To secure profits and manage risk effectively, consider scaling out at key levels:
• Target 1: Close 25% of the position to secure initial profits.
• Target 2: Close 50% of the position to lock in more gains.
• Target 3: Close 100% of the remaining position for full take profit.
Risk Reward 1.3
Monitoring price action closely at this level is crucial.
Bearish drop?GBP/JPY is rising towards the resistance level which is a pullback resistance that lines up with the 38.2% Fibonacci retracement and could drop from this level to our take profit.
Entry: 191.34
Why we like it:
There is a pullback resistance level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 192.02
Why we like it:
There is an overlap resistance level.
Take profit: 190.21
Why we like it:
There is an overlap support level that line sup with the 100% Fibonacci projection.
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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.
Bullish bounce?USD/JPY is falling towards the support level which is an overlap support that aligns with the 127.2% Fibonacci extension and the 71% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 147.31
Why we like it:
There is an overlap support level that aligns with the 127.2% Fibonacci extension and the 71% Fibonacci retracement.
Stop loss: 146.54
Why we like it:
There is a pullback support level.
Take profit: 148.14
Why we like it:
There is a pullback resistance 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.
Bullish bounce?GBP/JPY is reacting off the pivot which acts as an overlap support and could rise to the 1st resistance.
Pivot: 191.22
1st Support: 190.49
1st Resistance: 192.46
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Could the price bounce from here?CAD/JPY is falling towards the pivot and could bounce to the overlap resistance.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.86
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?NZD/JPY has reacted off the pivot and could drop to the 1st support.
Pivot: 86.22
1st Support: 83.43
1st Resistance: 86.10
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Falling towards 50% Fibonacci support?USD/JPY is falling towards the support level which is a pullback support that aligns with the 50% Fibonacci retracement and could bunce from this level to our take profit.
Entry: 148.03
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement.
Stop loss: 149.23
Why we like it:
There is a pullback support level that lines up with he 78.6% Fibonacci retracement.
Take profit: 149.23
Why we like it:
There is a pullback resistance 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.
Bullish bounce off overlap support?NZD/JPY has bounced off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 84.57
Why we like it:
There is an overlap support level.
Stop loss: 83.93
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Take profit: 85.61
Why we like it:
There is a pullback resistance 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.
USDJPY MADE FALLING WEDGE PATTERN IN 4-H TA Hello Guys Here Is Chart Of USDJPY in 4-H AT
Entry Level: Buy Around 142.000
Support: lower Low around $140.000
Target Will Be : 154.000
If USDJPY breaks upper resistance level, the wedge pattern is successful,
Bullish rise?EUR/JPY has reacted off the pivot which is a pullback resistance and could potentially rise to the 1st resistance which is also a pullback resistance.
Pivot: 161.27
1st Support: 159.43
1st Resistance: 163.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Potential bullish rise?CAD/JPY is reacting off the pivot and could rise to the 1st resistance which line sup with the 50% Fibonacci retracement.
Pivot: 102.38
1st Support: 101.36
1st Resistance: 104.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
GBPJPY High chance of rejection to new market low.GBPJPY is basically consolidating around its MA50 (4h), staying under the January 24th lower highs trend line.
The pattern is very similar to February 4th, which shortly after collapsed to the 1.618 Fibonacci extension.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 186.500 (the 1.618 Fibonacci extension).
Tips:
1. The RSI (4h) is also priting the exact same pattern as late January.
Please like, follow and comment!!
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 147.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 147.500 support and resistance area.
Trade safe, Joe.
I continue to sell JPY pairs (go long the yen)I've been long the JPY since the beginning of 2025. I recently closed an incredible OANDA:NZDJPY short position, which was very rewarding. Currently, I'm short CADJPY, CHFJPY, EURJPY, and GBPJPY.
My bullish bias for the yen continues. The yen index recently closed above a key horizontal level, signalling that there could be more upside.
Could the price bounce from here?USD/JPY is reacting off the pivot and could bounce to the 1st resistance which acts as an overlap resistance.
Pivot: 146.90
1st Support: 144.74
1st Resistance: 149.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish rebound?USD/JPY is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could bounce form this level to our take profit.
Entry: 146.95
Why we like it:
There is a pullback support level.
Stop loss: 143.76
Why we like it:
There is a pullback support level that is slightly below the 138.2% Fibonacci extension.
Take profit: 150.92
Why we like it:
There is an overlap resistance level that line sup with the 50% Fibonacci retracement.
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.
CADJPY - Take Advantage of This Clean Correction!CADJPY Daily Timeframe
CADJPY has shown a clear impulse in July 2024. We are now in a massive correction, consisting of 3 major waves, ABC. It appears we have almost completed Wave B and now we are anticipating wave C.
We expect wave C to push up to the corrective highs where we have the 61.8 fib.
Here are some key things to watch:
- Wave Structure: Ensure that Wave B has completed its corrective pattern
- Wave C Confirmation: Look for a strong bullish impulse off the lows of Wave B.
- Volume & Momentum: A rise in volume and bullish divergence in RSI/MACD could confirm Wave C is underway.
Confirmation for Wave C:
Break of Structure (BOS) / Trendline Break
When identifying confirmation for Wave C, a Break of Structure (BOS) or a Trendline Break is one of the strongest signals that the corrective phase is ending.
Break of Structure (BOS) – Key Levels to Watch
Wave B typically forms lower highs and lower lows. A break above the last lower high signals a bullish shift.
Look for a decisive close above the previous swing high on the 4H or daily timeframe. A weak break (with wicks) may indicate hesitation.
A higher low after the break adds extra confirmation.
Trendline Break – Reversal Signal
If Wave B formed a descending trendline, watch for a clean breakout with strong bullish candles (not just wicks).
Retest of the trendline as support after the breakout strengthens the case for Wave C starting.
Trade Idea:
- Watch for Wave C to start using the techniques listed above
- Once entered, keep stops below wave B
- Targets: 107 (500pips), 112 (1000pips)
Goodluck and as always trade safe!
See below for our previous swing setups:
Swing Setup 1
Swing Setup 2
Swing Setup 3
GBP/JPY Bullish Channel (07.3.25)The GBP/JPY pair on the M30 timeframe presents a Potential Buying Opportunity due to a recent Formation of a Channel Pattern. This suggests a shift in momentum towards the upside and a higher likelihood of further advances in the coming hours.
Possible Long Trade:
Entry: Consider Entering A Long Position around Trendline Of The Pattern.
Target Levels:
1st Resistance – 192.46
2nd Resistance – 193.40
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