Hello wonderful friends! USDJPY has struggled to conquer the recent gains at 144.00g. However, its upside momentum was limited after weak data released yesterday weakened the USD and affected the upcoming outlook of the major currency, as can be seen from the 143.50 setup on the 2-hour chart. On the technical chart, although the uptrend remains supported and the...
Hello dear friends, do you think USDJPY will rise or fall this week? On our chart today, it is clear that this currency pair is showing a distinct downward corrective wave, with the current price fluctuating around 149.90 and marking a 0.18% decrease for the day. From a technical standpoint: Despite the current decline, the upward trend still holds dominance as...
On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs seen and a throwback to the support zone at 130.80, which coincides with graphical support zone and 78.6% Fibonacci extension could present an opportunity to play the bounce to the resistance zone at 134.50. Stochastic exited the overbought region and we are seeing a...
On the H8 time frame, prices are testing the demand zone at 135.20 in line with 78.6% Fibonacci retracement where we could see a further upside above this zone, to the next resistance zone at 138.50. The 138.50 resistance zone is a graphical area that was tested multiple times as a support before prices broke below this level and coincides with the Fibonacci...
On the H4 time frame, prices are facing bearish pressure from the resistance zone at 137.50 which lines up with the 78.6% Fibonacci retracement level. We could see a reversal below the 137.50 resistance zone to our support zone at 135.50 which is also the graphical support zone and 38.2% Fibonacci retracement. Stochastics is testing resistance as well supporting...
I always make sure I move my stop loss to entry point to cover the risk when I'm look at taking these aggressive moves. We should see further weakness from the yen which will push us higher on usdjpy and gbpjpy, but as always remember we can see a fast sell of at any time so be smart and don't just by any random pull back, make sure the price action is creating a...
Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
G'day Guys I'm Sharing some idea here for USDJPY. Am expecting UJ gonna heading bearish soon. But yeah, am just sharing my idea. I glad if you guys can share your insight too.. Cheers
Price is facing bearish pressure where we could see a reversal below this level.
Hello Traders Welcome Back. *** Here is the full analysis for this pair, let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. *** Please consider to put a like to my idea...
The Tidal Shift Strategy has just sold USDJPY at 107.789. The system recommends entering this trade at any price between 107.577 and 108.001. The signal was issued because our Speculative Sentiment Index has hit its most extreme positive level for the past 145 trading hours at 2.201, which suggests that the USDJPY could be trending downwards.The 14-period Average...
USDJPY is approaching our first resistance at 111.54 (horizontal overlap resistance,50% Fibonacci retracement, 61.8% Fibonacci extension) where a strong bounce to our first resistance at 112.01 (horizontal swing high resistance, 76.4% Fibonacci retracement) might occur.
What a hot week it was for forex traders! Federal Reserve doesn’t expect to raise interest rates this year. As you know all were expecting one hike in 2019. So, the news was surprising and pushed EUR/USD up. But it was only jerk-reaction and washing out of weak sellers. As I mentioned many times – trade through the noise. Always try to focus on the bigger...
Hi guys, as you can see we previously formed a rising wedge pattern on the 1H chart and had a fall downwards. Now the pair is again at the daily resistance level and we expect it to fall downwards. Good luck and Trade Green!
USDJPY is approaching our first resistance at 113.33 (horizontal swing high resistance, 100% Fibonacci extension, 6.18% Fibonacci retracement) where a strong drop might occur below this level pushing price down to our major support at 112.63 (23.6% Fibonacci retracement). Stochastic (34,5, 3) is also approaching resistance where we might see a corresponding drop...
Price is approaching our first support at 109.24 (horizontal overlap support, short term ascending support line, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 110.33 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 109.97...