The JPY Basket is now rejecting off my point of interest (POI) after a bullish run lasting seven days. If the price re-enters the bearish channel, it will confirm a false breakout. Once the JPY Basket closes back within the channel, it is expected to resume its bearish trend and potentially reach a new low.
JPY showed a quick bout of bull strength on Monday and Tuesday of last week only to fall back down to the bottom of the wedge. That Tuesday bull bar could be the first sign of a reversal. This week, we should be looking for another bounce off of the wedge to confirm a move to the upside. The first target is the 9EMA of the Monthly chart between 784.0 and 785.0,...
Currently, we are at the last wave of the overall wave which is the wave 5. Expect rejections around 775.0 price level. baased on the previous candles that left a gap without filling, expect price to fill it in the future and that will be the target after breakout of the red trendline.
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PIVOT: 99.00 OUR PREFERENCE Long Position above 99.00 with targets at 101.20 , 102.20 & 103.20 in extension Alternate Scenario Below 99.00 look for further downward trend with 97.00 & 96.30 as targets. Comment: the immediate trend is down but the momentum is weak
Price is currently at a discount and approaching a 1H bullish orderblock. I would like to see those Equal Lows taken and for the Bullish orderblock to be traded into, before an expansion to the upside. The Low resistance liquidity would be my first initial target. Once price has filled my order, I would shout pairs XXX/JPY pairs after some displacement.
🔰You can see the analysis of the Euro to Japanese Yen currency pair in a 15-minute time frame (EURJPY_ 15min)💣🔍 💥Considering the breaking of the up trend line🖤 by the price, if the price returns to the SUPPLY zone, it may fall to the DEMAND zone🔻🧐 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please introduce the...
🔰You can see the analysis of Australian dollar to Japanese yen in a 30-minute time frame (AUDJPY_ 30min)🔍💣 Due to the breaking of the Downward trend line🖤 by the price, if the price reaches the Support🧡, there is a possibility of the price rising to the SUPPLY zone🚀🔺 Do you think this analysis can be profitable❓ I hope the analysis was useful for you🤍🌹 📌Please...
🔰You can see the analysis of US dollar to Japanese yen in one hour time frame (USDJPY_ 1H)🔍💣 💥As it is clear from the picture, the price is moving in a Bullish parallel channel💜❗ Due to the presence of the price in the SUPPLY zone and the Resistance area (the upper line of the Bullish parallel channel💜), we can expect the price to fall🔻 to the overlapping area of...
🔰You can see the analysis of the Canadian dollar to Japanese yen currency pair in the four-hour time frame (CADJPY_ 4H)🔍💣 💥As it is clear from the picture, the price is moving in an Bullish parallel channel🖤❗If the price can break the lower line of the channel (dynamic support) and stabilize❗ below it, then it can have a downward trend until the DEMAND zone and...
Today’s FOMC meeting policy was as expected, with a 75-basis-points rate hike to 3.25%. In reaction, the USD/JPY moved towards the upside breaking a daily consolidation level. The JPY, however, may find some support after the Bank of Japan (BoJ) carried out a rate check in preparation for a possible intervention for the currency. Japan is now prepared at any...
🔰You can see the analysis of the US dollar in Japanese yen in a four-hour time frame(USDJPY _ 4H)💣🔍 ⚪Due to the overall price uptrend, the best area to buy overlapping❗ area is the black🖤 uptrend line and the broken downtrend line is orange🧡 and DEMAND zone❗❗ If the price reaches this overlapping area, it can have an upside to the SUPPLY zone🚀🔺 Do you think...
🔰You can see the analysis of the British Pound in Japanese Yen in four-hour time in the picture(GBPJPY - 4H)🔍 🔰As is evident from the image, the price moves in a triangle❗❗ ✴️In your opinion, which side will the triangle break from and which direction will the price go to the GREEN💚 side or the RED💓 side❓❓ I hope the analysis was useful for you🤍🌹 📌Please...
🔰You can see the analysis of the Australian dollar in Japanese yen in four-hour time in the picture (AUDJPY - H4)🧐 🔰Due to the price movement in orange and black channels❗️ The closest areas of supply and demand to the current price are marked with purple💰 ✴️Do you think the price trend will be based on the GREEN💚 line or the RED❤️ line ❓❓ I hope the...
🔰You see the analysis of the US dollar against the Japanese Yen in Daily ( USDJPY , D1)❗️🔎 🔰SELL USDJPY at 125.600 ✅TP ; 122.00 ❌SL ; 126.300 🔰As is evident from the analysis, considering the price in the sales supply area in this range, it seems logical that the target is placed at the confluence of the demand area (orange) and the uptrend support line (white...
🔰You see the analysis of the GBP against the Japanese Yen in Daily ( GBPJPY , D1)❗️🔎 🔰SELL Limit GBPJPY at 164.150 ✅TP ; 157.300 ❌SL ; 166.700 🔰Considering the price being in the range of white downtrend line and supply range, selling in this area seems reasonable. The target is placed at the confluence of the uptrend line (white dotted line) and the orange...
With the exception of USDJPY (it looks a bit tricky) all JPY crosses are giving clear bearish signals. I am looking to take a short on CADJPY. The support at 88.30 has been convincingly broken. This happened on 30th Nov as well but subsequent bullish recovery attempts were quite weak by comparison. I believe that after a retest of this previous support, we will...
Time Frame: 4H Symbol: JPYUSD Bias: Neutral This instrument is going down as we see from the current price pattern. Our study reveals that the short term trend will continue further.