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USDJPY new bullish for expect FX:USDJPY trend based analysis, we having in period from 1.12 - 9.12 ROUNDED BOTTOM pattern visible, price is make break of same and confirmation of same (yellow line) and its make short bullish push, currently price in consolidation, its on strong ex. zone 151.800 (violet line). What here expecting after todays and past events in this week, still looks like we will have strong USD and here exepcting to see new bullish push. SUP zone:151.450 RES zone:154.550, 155.050
Long
by DepaTrading
3
FOMC rate meeting is unlikely to deter USDCAD buyersIn October 2024, USDCAD triggered a complex inverse head-and-shoulders pattern forming for 747 days. This pattern suggests a potential move of 777 pips to the upside, with the pair still roughly 375 pips away from the 1.4672 target. In the short term, if the price dips but holds above last Thursday's low of 1.4130, buyers will likely step in and push the price higher. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
Long
by ThinkMarkets
USDCHF A Fall Expected! SELL! My dear followers, This is my opinion on the USDCHF next move: The asset is approaching an important pivot point 0.8939 Bias - Bearish Safe Stop Loss - 0.8966 Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 0.8891 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDJPY - Potential Volatility AlertThose of you that follow USDJPY and yen crosses in general, know how quickly they can change direction within a short time frame, especially when there are big event drivers like the Federal Reserve (Fed) and Bank of Japan (BoJ) interest rate decisions scheduled within 12 hours of each other. That is the case tonight, with the Fed interest rate decision released at 1900 GMT and the BoJ interest rate decision released early on Thursday morning at 0300 GMT. Current market expectations are for the Fed to cut 25bp (0.25%) and for BoJ to remain unchanged, potentially holding off on a further rate hike until early 2025. However, there is always the chance that either central bank produces a surprise which may increase FX market volatility. Also, in play are the comments from Fed Chairman Powell in the press conference which starts at 1930 GMT on Wednesday. There is some nervousness amongst traders surrounding what Fed policymakers may signal regarding the pace of rate cuts during 2025, given how strong the US economic data readings have been recently. Similarly, the comments of BoJ Governor Ueda regarding inflation, strength of the Japanese economy, and future rate hikes, are also important when he speaks in the BoJ press conference which starts at 0630 GMT on Thursday. USDJPY – Potential Chart Levels to Watch Clearly, the reaction to the Fed and BoJ announcements may have significant implications for USDJPY. As such, you should be aware of the potential for greater volatility which can increase risks for any open positions during these uncertain periods.  The reaction to the announcements may see swift changes in direction of price and sharp reversals of previous activity. Reduction of position sizes and more proactive placement of stops maybe required over this period.  With that in mind, we want to look at possible support and resistance levels traders may be focusing on, up to and over these decisions.  Resistance Points to Watch   Having established a low of 148.64 on December 3rd a recovery period has developed, seeing USDJPY push up to 1 month highs of 154.48 (December 16th high) at the start of this week. A possible positive development within this move higher has been the closing break above the Bollinger mid-average (currently at 152.09). This average can often act as a resistance level while falling within a downtrend in price, so the break higher above this line last week, and the mid-average changing direction from declining to flat, may reflect a potential short term momentum shift. Next resistance levels could now be marked by the November 20th session high of 155.89, or even 156.75, which was the November monthly upside extreme. Closing breaks of these levels, if seen, while not a guarantee of future upside, may be a sign of further price strength towards the July 3rd high of 161.95, Support Levels   With any potential reaction to either the Fed or BoJ announcements providing the possibility for a swift reversal of recent upside USDJPY strength, we must be aware of some support levels.  The first support focus may be the Bollinger mid-average we discussed earlier at 152.09. Interestingly, this level is very similar to the 38.2% Fibonacci retracement of the December recovery, which stands at 152.15. So, breaks below this area could be a trigger for a more extended phase of USDJPY weakness.  If the break lower was to occur, it may open the possibility of a test of the deeper 61.8 retracement level at 150.79, or even a further move towards 148.63, which is the December monthly low, although this will only be determined by future price action and is in no way guaranteed. The material provided here has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Whilst it is not subject to any prohibition on dealing ahead of the dissemination of investment research we will not seek to take any advantage before providing it to our clients. Pepperstone doesn’t represent that the material provided here is accurate, current or complete, and therefore shouldn’t be relied upon as such. The information, whether from a third party or not, isn’t to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product or instrument; or to participate in any particular trading strategy. It does not take into account readers’ financial situation or investment objectives. We advise any readers of this content to seek their own advice. Without the approval of Pepperstone, reproduction or redistribution of this information isn’t permitted.
by Pepperstone