If there has been a clear trend in the past two years, it has been the devaluation of the JPY. Despite some corrections, even very deep ones, the trend has always resumed, leading to new lows for the JPY. One of these deeper corrections occurred at the end of last year, triggered, as always, by JPY repatriation. However, as shown on the chart, the beginning of...
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In my opinion, there is a chance that prices may continue to rise slightly to the QM area before experiencing a bearish correction. If you wish to engage in short-term speculation, it is important to be mindful of your money management practices.
I analyze USDJPY using the D1 time frame so that we can know in general terms the trends that are occurring and the possibilities that could occur in the future. If you look at the series of waves that have occurred, currently there is a correction in wave B with the price forming waves a-b-c-d-e and heading to the QM area. by adding the RSI indicator we can see...
USDJPY's journey is in accordance with last week's analysis where the price was stuck in the support area and now it is corrected and enters the fibo 0.382 area. If you look at the close of this week and a fairly strong bullish candle is formed, and the price pattern is lined up on a curved line, it is likely that strong bullish will still dominate after this.
today the movement of this pair looks bullish after the market structure has made a new HH. still in accordance with the previous analysis, the target price is at fibo 0.382
for two weeks experienced a deep bearish as far as 700pips, this pair is positively included in the bearish trend. at the end of the week there was a correction which if we pull the fibo retracement until the end of the week still reaches the level of 0.786, I estimate this correction can reach the level of 0.382.
if you look at the price movement in the past week it looks very slow but the price is still moving bullish, this looks like price compression. usually when something like this happens, in the near future there will be a fairly high price jump. the initial target is still the same, namely in the fibo extension area of 1,618 and it could be that the price jumped...
During the Asian session on Wednesday, the USD/JPY pair faced selling pressure, causing a partial erosion of the previous day's gains that had exceeded the 144.00 level, reaching a new high since November 2022. The spot price is currently trading around 143.80, down nearly 0.20% for the day, although any significant downward adjustments still seem...
if you look at the elliot notation and fibo extension placement, then wave 3 is right at 1.618, which means wave 3 is already 1.6x longer than wave 1. I want to predict where the USDJPY price moves using the fibo extension, and it could be that the price goes to the fibo extension of 1.618 as well. if you look at the trendline, there is a possibility that the...
I'm waiting for this pair to go to Resistance and will re-observe whether the bullish will continue to strengthen, or there will be a reversal. for now I still see the bullish still strong.
USDJPY: D1 Support & Resistance This is my depiction of support & resistance which might help you to see the market structure ahead. The use of this support & resistance is for decision making whether you trade breakouts / pullbacks in the next few days.
USDJPY_H4 Double Bottom Breakout-Looking Bullish Reversal With Entry and SL TP... Share your openion in comments
there exist a Bearish Divergence with MACD which may dictate some price correction and retracement we may have Price Bunce from any Fibonacci retracement level and it can result it a higher highs
Dont try to predict the market. Rather, prepare. Create potential scenarios or outcomes and how you will react to the market in those different instances. This will hep control your fear and uncertainty thus, giving you confidence in your trades. I cant give out exactly how I enter trades but I would advise you to have a minimum of three confluences convincing you...
This is my current outlook on UJ. *Disclaimer* This is not financial advice. Forex trading is a risky business. Trade at your own risk. Practise proper risk management and patience. #TradeLikeMagnatrio
We consider selling this USDJPY pair because of a strong resistance above. We know what we are doing and we do what the market is doing. This is more than an institutional analysis. Invest wisely. Thank you for following me on tradingview.
The price moved 40pips in our direction since my last publication (see link below for reference purposes) before finding Lower Lows to project a certain level of weakness in the GReenback. With the latest development in price action, I am keeping my expectations for further strength in the Japanese yen high in the coming week(s). Tendency: Downtrend (...