USDJPY: approaching the 150.00 area is getting closerHello Traders! Currently, USD JPY is approaching a strong resistance level at 150.000. The price range is narrowing, with the possibility of a breakout at any moment.
It can be seen that this is a highly anticipated resistance level at this time. Breaking through this barrier would result in a significant surge for this currency pair.
Forex-usdjpy
Update USDJPY on the last day of the transactionHello traders!
Yesterday, there was a moment when USDJPY almost reached the 150.000 level, but luck has yet to smile upon this currency pair. Nevertheless, we can see that despite not being able to achieve the 150.000 target this week, UJ has maintained a good price increase and stable trading at high levels.
At the time of writing, USDJPY is operating at 149.868 and has increased by 0.06% for the day. Nolan still believes that the 150.000 target is the perfect goal for UJ at this time. Expanding the upward movement beyond that level would not be an impossible task.
USD JPY: Continuing efforts to raise pricesHello dear friends!
It can be seen that in the past few days, the expectation for USDJPY to surpass the 150.000 level has not been realized yet. The trading and movement trend of USDJPY seems to have become quieter when faced with this strong resistance level.
This is clearly reflected on the chart as the Bollinger Band is gradually narrowing, indicating that the price is likely to move sideways within a narrow range of 149.41 - 149.90 in the near future.
However, Karina still maintains her view that USDJPY will have the potential to break through the 150.00 resistance and continue to develop. What about you? Do you agree with this viewpoint?
USD/JPY remains capped below the 150.00 markThe USD/JPY pair is still limited to a narrow range of about 149.75 during the first trading hours in Asia on Wednesday. The yield of US Treasury bonds has strengthened the main pair of money. At a level of 150.00, investors still prevent the possibility that the Japanese government intervenes.
However, the greener has attracted some buyers thanks to the optimistic US data on Tuesday, but the impact exists only in a short time.
In addition, US industrial production increased by 0.3% compared to the previous month, stronger than expected. Finally, the capacity used increased to 79.7, better than estimated. Meanwhile, the higher interest rate of US Treasury bonds can limit the discount of USD and act as a support factor for USD/JPY pair.
TradePlus-Fx|GBPUSD: power of dollar💬 Description: The dollar began to gain strength again amid yesterday's US inflation data. Currency pairs reacted the most, and metals only began to catch up a little later. Metals are most likely still supported by demand against the backdrop of geopolitical tensions, where, by the way, the dollar also has weight, since US bonds are bought for dollars.
We recently looked at a potential reversal at the 1.22716 level. This area is indicated on the graph. This is exactly what is happening now. Sales priority will be canceled only if the price closes again above the specified level. In the very near future, the level 1.21166 will most likely be reached, after which as soon as the price falls below this level, we can expect a rapid fall to 1.18730.
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USD JPY continues to return to the journey to increase pricesHello traders!
Last week, USDJPY slipped away from its upward trend and started moving sideways. However, there is still no significant threat to the price increase of USDJPY that could cause a reversal. This is evident as the currency pair has begun to recover, currently trading at 149.445 and gradually approaching a strong resistance level at 150.000. It is expected to be a significant breakthrough if UJ can surpass this resistance level.
Chf/Jpy Counter-TrendTrade Idea for CHF/JPY
Bias: Counter-Trend
While the underlying fundamentals may favor a bullish move for CHF/JPY, there are compelling reasons to consider a counter-trend trade:
Bank of Japan's (BoJ) History with USD/JPY: The USD/JPY is inching closer to the significant 150 level. Notably, in the past, when the pair approached this level, the BoJ stepped in to intervene in the forex market. Should history repeat itself, this intervention could create ripples across JPY pairs, including CHF/JPY.
Market's Anticipation of FED Moves: The market chatter is starting to buzz about potential rate cuts by the Federal Reserve in 2024. Any significant shift in interest rate expectations can induce forex market volatility, potentially benefiting our counter-trend perspective on CHF/JPY.
Conclusion: While going against the grain of fundamentals might seem risky, the potential BoJ intervention combined with changing rate expectations from the FED presents an intriguing counter-trend opportunity for CHF/JPY.
USDJPY is about to reach a peak of 150,000Hello dear friends, as predicted yesterday by Karina, USDJPY has continued to rise in price and is currently fluctuating around the 149.779 level.
Currently, this currency pair is gradually approaching the high area of 150.00 after receiving strong support from the 137.302 support level. By using Fibonacci extensions, breaking through the 150.00 level will further fuel the upward momentum for USDJPY.
And you , How do you think ?
Strifor || USDCAD-10/13/2023Preferred direction: BUY
Comment: The US dollar strengthened against the general background and against the Canadian. Now the price is at the level of 1.36545, which most likely foreshadows further strengthening of the buyer. It is excellent to take a long position from this level; one can comfortably place a stop under the level and, in case of a stop loss, try to calmly re-enter. The target of growth is updating local max.
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USDJPY is not enough to promote 150.00Hello!
On today's analysis chart, we can see that the upward trend of USDJPY has been broken out at the price level of 149.15. USDJPY has failed to reach the expected level of 150.00 as the downward trend is forming, and the price is currently trading at 148.67.
Regarding predictions, there is a possibility that the previous important level of 147.80 will be retested before any new developments from the market are updated and clarify the direction of this currency pair. Alongside that, the target price of 150.00 is still highly regarded by Karina.
What do you think about the market today?
USD/JPY moves upward towards 149.00Hello dear friends, Currently, USDJPY is continuing to strengthen its price levels after several days of sideways trading within a narrow range of 149.42 - 148.32.
However, in the long-term perspective, USDJPY may still continue to rise as this currency pair is receiving recovery due to the positive risk sentiment amid the conflict in the Middle East. The resistance level at 150.00 is still considered a high target for the upcoming price increase.
Breaking above the 150.00 level will pave the way for further development in USDJPY towards higher levels.
USD JPY: Target 150.00Dear beloved friends, What do you think, will USD JPY rise or fall today?
From observing the 1-hour chart, as predicted by Karina UJ yesterday, it has increased as expected with today's price fluctuating within the range of 149.13.
However, this currency pair has not yet broken through the nearest resistance zone at 149.43. On the other hand, the Bollinger Band is still functioning steadily and no abnormal signs have appeared. In larger time frames such as 4H and 1D, the upward trend is still active.
Therefore, Karina continues to set her target at 150.00 with UJ finding support at 149.0 and surpassing the current resistance.
Strifor || XAUUSD-10/12/2023Preferred direction: SELL
Comment: Metals are recovering quite actively ahead of the US inflation release. The price of gold is in the sales area that we noted yesterday. We continue to sell. We need to take into account volatility and there is a possibility of a false movement beyond the level of 1890, and then again going below the level and falling towards 1810.
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USDJPY: Target 150.00Hello intelligent and wealthy traders, currently in our market today, USDJPY is still holding its price increases well, currently trading around 149.100 at the time of writing.
On the analysis chart, the upward channel has not been broken yet, along with the reversal from EMA 34 signaling an upcoming price increase. The level of 150.00 is the number that many people are targeting the most at the moment.
Strifor || UKOIL-10/09/2023Preferred direction: SELL
Comment: Monday's oil gap surprised everyone, but given this geopolitical background, this is not surprising in principle. The strengthening of oil is most likely short-term and a fall can be expected soon. Most likely it will be in the middle of this week. The goal of the fall will, of course, be closing the gap, and even moving lower.
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Strifor || EURUSD-10/06/2023Preferred direction: SELL
Comment: On the eve of the non-farm, the American dollar is losing ground, and there are no good entry points until the release. Based on technical analysis, and especially volumetric analysis, the potential for a fall is identified. In this regard, we highlight sell priority and consider entry points through pending orders on non-farm.
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TradePlus-Fx|EURUSD: intraday sell💬Description: Today, the market began to actively recover against the US dollar . Some instruments have already passed their ADR . However, it is very unlikely that this trend will continue throughout the day. A move in favor of the dollar is very likely.
Against this background, a small short on EURUSD is expected towards the level of 1.05194 , where, within the framework of a retest of the level, market participants will once again be able to verify the authenticity of the local recovery against the dollar.
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Strifor || EURUSD-09/29/2023Preferred direction: BUY
Comment: A short-term long worked well for the euro. Today it is expected that the instrument will trade at the level of 1.05700, where buyers will strengthen their positions. We also shouldn’t forget about the possible sell-off of the dollar against the backdrop of position closure before the weekend. From all this it follows that it makes sense to continue to look closely at short-term longs.
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Strifor || EURUSD-09/27/2023Preferred direction: Neutral
Comment: The currency pair worked out the previous short scenario perfectly and at the moment all transaction goals have been achieved. At the moment, the price will move on, and it would be best to take a break and watch the market. In the near future, a rollback to the level of 1.05700 is expected, from where we will consider potential entry points.
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Strifor || EURUSD-09/25/2023Preferred direction: SELL
Comment: Friday's targets remain in effect, thus a further fall to 1.06147 is expected. At this level, there are volumes of buyers that will be closed when local minimums are updated. Therefore, we can assume a downward impulse after achieving today's target. In this case, the second target will be located near the level of 1.05700.
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Strifor || EURUSD-09/22/2023Preferred direction: SELL
Comment: The trading idea for the euro remains unchanged and further decline is expected. Today, the currency pair has already reacted to relatively negative statistics from the EU, although there is no big negative here. But this trend is enough for the US dollar to continue its pressure on competitors. The main goal today is to update the current intraday low formed by the release of data from the EU.
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Strifor || XAUUSD-09/19/2023Preferred direction: Neutral
Comment: The previous Gold trade worked out perfectly and a profit has already been made here as well. There are not many points left until the final goal and most likely this point will be completed today. At a minimum, the transaction is closed with partial profit and moved to break-even. The market, as was said in the previous idea, is awaiting for the Fed’s decision, so we most likely will not see good setups until Thursday.
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