Bullish bounce?USD/JPY is falling towards the pivot which is an overlap support and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 148.92
1st Support: 147.24
1st Resistance: 151.57
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.
Jpy
Buy NZD/JPY Wedge BreakoutThe NZD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Wedge pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 88.23, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 89.00
2nd Support – 89.45
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Bullish bounce off 38.2% Fibonacci support?GBP/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 190.12
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 188.48
Why we like it:
There is a pullback support level.
Take profit: 192.52
Why we like it:
There is an overlap resistance level that lines up with the 78.6% Fibonacci retracement.
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Bearish drop?USD/JPY is reacting off the resistance level which is an overlap resistance and could drop from this level to our take profit.
Entry: 150.73
Why we like it:
There is an overlap resistance level.
Stop loss: 152.20
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 148.90
Why we like it:
There is an overlap 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.
USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.300 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 149.300 support.
Trade safe, Joe.
EURJPY to find sellers at market price?EURJPY - 24h expiry
Buying pressure from 156.17 resulted in prices rejecting the dip.
The current move higher is expected to continue.
The bias is still for lower levels and we look for any gains to be limited.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Further downside is expected although we prefer to sell into rallies close to the 158.60 level.
We look to Sell at 158.60 (stop at 159.43)
Our profit targets will be 156.22 and 154.40
Resistance: 159.10 / 160.55 / 162.00
Support: 157.05 / 154.40 / 151.10
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Analysis of the USD/JPY currency pair on the 4-hour time frameAnalysis of the USD/JPY currency pair on the 4-hour time frame
- We have price divergence and RSI indicator
- We have two FVG in the middle, which the price tends to fill
- We also have a PVOTE on the way
- We have a good distance from the 99-day EMA
- From a macroeconomic perspective, we also have extremely important news for the US dollar today
- We also have the speech of the Federal Reserve Chairman, Mr. Powell
My analysis is the growth of the dollar, especially in the news and speech period
Don't forget capital management
It is necessary to respect risk to reward
Good luck and be profitable
USD/JPY - H1 - Bearish Flag The USD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 150.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 149.20
2nd Support – 148.50
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Falling towards pullback support?AUD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance.
Pivot: 95.69
1st Support: 94.30
1st Resistance: 96.92
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.
AUDJPY: Channel Up bottomed. Bullish.AUDJPY turned oversold on its 1D technical outlook (RSI = 30.123, MACD = -0.750, ADX = 46.331) as it touched the bottom of the Channel Up. Unlike the price's LL decline, the 4H RSI has formed a Channel Up from oversold range, which is the exact same formation it had after pricing the September 11th bottom. Consequently, we should be expecting the pair to bottom now and start the new bullish wave. The last one hit and even breached the R1 level and then pulled back to the 4H MA50. We are aiming for the same level (TP = 101.550).
See how our prior idea has worked out:
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GBPJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 190 area, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 190 support and resistance zone.
Trade safe, Joe.
gbpjpy next moveAs can be seen, a bear flag has also formed. The top of this flag corresponds to the filling of the FVG. In the short term, I expect a further decline to hit the monthly liquidity. After this, I anticipate an upward movement fueled by the momentum from the liquidity grab. At one of the potential liquidity points on the 4H timeframe, there will likely be a break of structure, hopefully forming a new FVG, allowing us to take a significant short position targeting 180,000, where another liquidity grab could occur.
Mastering GBPJPY: Key Trading Zones Revealed for Optimal Entries
Greetings, traders! Welcome to this GBPJPY market analysis, where we focus on identifying higher-probability trading opportunities.
In this video, I start by analyzing the yearly down to the daily charts, highlighting key trading zones, and discussing the confirmations we look for to optimize our swing entries.
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Trade safely
Could the price bounce from here?USD/JPY is falling towards the pivot which aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance which has been identified as an overlap resistance.
Pivot: 149.33
1st Support: 146.85
1st Resistance: 151.60
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 daily/montly liqOn the chart with monthly candles, a liquidity grab can be seen at the last higher low (HL). On the daily timeframe, you can observe that there has already been a break of structure and a test of a fair value gap (FVG). Therefore, the expectation is for further decline. For this, I will conduct an analysis on a smaller timeframe.
GBP/JPY Weekly Analysis My prognosis for GBP/JPY for the upcoming week.
Bearish
Here's why:
We've moved off a weekly FVG after having a weekly MSS. There are REL's below where my 'weekly target' line is. We have the liquidity to drive to those areas, the only area of bullish behaviour is the weekly FVG located right about the REL's. Be cautious once we mitigate these areas.
discussion about the trend of the #USDJPY in the new week.Friends who are interested, let's start a discussion about the trend of the #dollar in the new week.
As you know, for example: the dollar-yen exchange rate has reached 149.53 from 156.76 units and has decreased by more than 72 pips or 4.61%.
- On the valid 4-hour time frame, the RSI indicator is in the oversold zone
- The chart is in its own good support zone
Regarding the election of Mr. Trump, the stability in the global economy and the expansionary policy, etc., the above exchange rate will not remain at the current number.
For example, we can look for a suitable bottom for a #long position by examining the relevant currency pair (of course, with technical confirmation and appropriate candlesticks.)
USDJPY Bearish ContinuationWe are currently looking for bearish continuations to keep selling and following the higher timeframe trend.
Following the 4H timeframe down to the 1H, we have 2 potential areas of interest we can have a minimal risk high reward trade.
AS price continues to accumilate into our areas I will keep updating for possible trade entries.
EURJPY The EUR/JPY market remains resilient, showing no significant signs of retracement despite potential resistance levels. Traders are witnessing a steady upward momentum, with bullish sentiment continuing to dominate. Market participants are closely monitoring key economic indicators and price action, as the pair maintains its upward trajectory without pulling back. The lack of corrective movements highlights strong buyer interest, suggesting further potential for gains in the near term.