USDJPY is in a downtrend, trading around 140.908 after breaking the support level at 139.530. The EMA 34 and 89 lines indicate that selling pressure remains dominant. If the price rebounds from this support, the short-term target will be 142.062. Otherwise, if the support breaks, the price may drop to 138.145. Regarding news: USD/JPY continued to weaken below...
On the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be...
I see a bearish trend on USDJPY, marked by the price below the 200 EMA in black, and currently the price is entering the RBD Rally Base Drop supply area, I see the price will continue its decline, if you take 1: 2 from the SL plan, this is quite realistic. Happy Trading. The risk of profit and loss is not our responsibility. This is not financial decision advice....
"USD/JPY is currently trading at 149.300. A potential scenario could involve a retracement from current levels towards resistance, followed by a bearish movement. In such a case, one could consider selling if the price breaks below key support levels at 147.600 or 146.700."
The Japanese Yen (JPY) found it challenging to leverage the uptick from hotter-than-expected domestic consumer inflation seen the previous day, facing a fresh influx of supply on Wednesday amidst the Bank of Japan's (BoJ) policy uncertainty. This scenario, along with a recent surge in risk-on trading sentiment across global stock markets, has been pivotal in...
Greetings, traders! What are your thoughts on USDJPY today and its future direction? Looking at the chart, it's evident that USDJPY's recovery momentum is currently capped below a resistance level, as it appears to be forming a double top pattern. The current support level stands at 149.888. Should this level be breached and the double top pattern fully...
USDJPY has continued its upward trend over the past few days, with prices fluctuating around the 150.23 mark and steadily advancing towards the 152 resistance level. The US Dollar (USD) remains in a concerted effort to attract significant buying interest, contributing further to a daily decline of about 25 pips from the vicinity of the 150.00 level for the...
Now am going to take another sell couse the retest of the support been test my entry at 148.794 TP 147.502 and stoploss 149.080
So usdjpy come to the neckline which it has accept it am going to take this sell couse of that respect on it and the structure formed my entry point 148.864 TP 147.502 AND STOPLOSS 149.194
USDJPY stabilizing above 141.97 will support rising to touch 143.02 then 144.69 then 146.62 stabilizing under 141.97 will support falling to touch 140.25 and then 138.83 Resistance prices: 143.02 & 144.69 & 146.62 Support prices: 140.25 & 138.83 & 137.55 timeframe:4H
We looking for selling opportunities, as most impulses will be bearish. From the break of our structure we have a clear impulse with consecutive continuation flags. The purple Arcs show reversal (triple top), shows strong resistance and more confirmation that we taking bearish movement. The recent ascending channel have completed multi- touch confirmation ( 3...
Hey Traders, in the coming week we are monitoring USDJPY for a selling opportunity around 131.500 zone. USDJPY is trading in a downtrend and extending pullbacks seems to be approaching the major trend around 131.5 support and resistance zone. Fundamentally Fed pivot seems to have started with the last FOMC as he showed no more intents for further rate hikes in his...
USDJPY, like USDX and other correlating pairs, forms a base for a rally or further decline. If the USD goes up, I think it could happen quickly. The overall market willingness to buy back the price seems quite optimistic, but the downward trendline is very strong. Until the trendline is broken, the uptrend is not worth thinking about.
USDJPY is bearish and looking for selling opportunities overall.
Hi traders, welcome to a new trading week, on USDJPY 1D timeframe, we are looking for a break of the correction phase to complete the bearish flag pattern
Daily Time Frame cross the buy trend and restest the point and going to sell position
I am looking at possible hedging opportunities against our current Gold buy's. As we are approaching the end of the month, there is a chance that Gold might start pulling back, before resuming its buying trend in December📈 ONLY if Gold comes back towards 1754, I will open a sell trade. If not, no position will be opened & our long positions will carry on in...