EURJPY: Time to Buy 🇪🇺🇯🇵
EURJPY broke a solid horizontal resistance.
Retesting the broken structure, the price formed a tiny horizontal range on a 4h time frame.
Its resistance breakout is an important sign of strength of the buyers.
A bullish movement is expected to 159.4 / 159.7 levels now.
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Japaneseyen
USDJPY: Bullish Wave is Coming?! Again?🇺🇸🇯🇵
USDJPY is trading in a long-term bullish trend.
The pair is currently accumulating around 150.2 resistance.
I see a completed ascending triangle formation.
Bullish breakout of its horizontal neckline - daily candle close above
will be a strong bullish signal.
A bullish continuation will be anticipated to 151.5 level then.
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CADJPY: Intraday Bullish Reversal 🇨🇦🇯🇵
After a strong bearish movement, CADJPY leaves multiple strong bullish clues.
First, the price formed a falling wedge pattern and violated its upper boundary.
A double bottom pattern was formed then.
Its neckline was also broken.
These 2 patterns confirm the intraday change of character on the pair.
Goals: 109.6 / 109.9
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AUDJPY Solid short signal.AUDJPY is on a 1-2-3 pattern like the one in July, currently on the 3rd led down.
This is basically resembling Descending Triangle pattern. One last bearish leg to give before it breaks upwards.
Trading Plan:
1. Sell on the current market price.
Targets:
1. 94.000 (Support A).
Tips:
1. The RSI (1d) patterns between the two sequences are also similar both inside Channel Down formations. This also points to a bearish leg next.
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GBPJPY Head and Shoulders sell signalThe GBPJPY pair gave us a nice low risk sell trade last time we looked at it (see chart below):
This time it gives an even stronger one as it is on the 1W time-frame in the midst of a Head and Shoulders (H&S) formation. That is a bearish pattern calling for a a test of Support at 176.500. Most likely by the time of the test, the 1W MA50 (blue trend-line) will be very close to provide the first level of long-term Support.
Notice that the 1W RSI is on Channel Down pattern similar to the April - August 2021 H&S and so does the 1W MACD which is coming off a Bearish Cross. That pattern eventually hit its Support once completed.
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USDJPY Short-term buy signalThe USDJPY pair hit our early September target (see chart below) of 150.00, extending the bullish trend within the long-term Channel Up:
The price remains above the 1D MA50 (blue trend-line) since July 31 and the bullish flag formed on the 1D RSI indicates that we will have another short-term bullish leg towards the top (Higher Highs trend-line) of the Channel Up. We targeting 153.000 (+3.95% rise from the recent Low, similar to the previous leg).
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🚨NZDJPY will Go Down to Uptrend line🚨🏃♂️NZDJPY is moving near the Important Resistance line and the Resistance line and inside the 🟡 Price Reversal Zone(PRZ) 🟡.
💡We can consider the formation of the 🌠Shooting Star Candlestick Pattern🌠 in 🟡 Price Reversal Zone(PRZ) 🟡as a sign of a return.
🔔I expect NZDJPY to return to the 🔴 Resistance zone 🔴 and Uptrend line in the coming hours.
New Zealand Dollar/Japanese Yen Analyze ( NZDUSD ), 4-hour Time frame ⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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EURJPY: Classic Bearish Pattern 🇪🇺🇯🇵
In comparison to USDJPY, EURJPY looks bearish to me,
After a test of a significant daily resistance,
the price formed a head and shoulders pattern on that and broke its neckline.
We see its retest now.
Probabilities will be high that the market will drop.
Goal - 156.7
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USDJPY: Bullish Move From Key Level 🇺🇸🇯🇵
USDJPY is taking off from a solid horizontal support.
After the test of the underlined blue area, the price formed a doji candle on that
and then we see a huge imbalance.
I expect a bullish movement at least to 149.78
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GOLD/JPY: Bearish Bump and Run Reversal TopXAUJPY after sharply rising from the long term Lead-In trend line and Horizontal Support Level, is now currently testing the supply line of a local Right-Angled and Ascending Broadening Formation it has developed at the highs and seems to have completed an RSI BAMM and is now looking to do an impulsive move down. If the impulsive move down is great enough, we will see XAUJPY break down below the Lead-In Trend Line and confirm it as a Bump-and-Run Reversal Top, which could take us to the measured move that happens to just about align with the 61.8% Retrace overall.
The JPY overall has been setting up and getting quite Bullish against other currencies recently too, such as the AUD, GBP, CAD, and EUR. I suspect this trend of the Yen gaining value against assets will continue in Gold as the USD continues to rise and the JPY maintains its USD value relative to other currencies and assets.
EURJPY: Bearish Outlook Explained 🇪🇺🇯🇵
After a test of a significant daily structure resistance,
EURJPY retraced and formed a head and shoulders pattern on a 4H time frame.
Before the market closed, the price violated its neckline and closed below that.
It is an important sign of strength of the sellers.
The pair may keep falling now to 156.7 support level.
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CHFJPY New bullish leg underwayCHFJPY is trading inside a Channel Up, which made on October 3rd the latest Higher Lon on the 1day MA100.
The price is already near Resistance A (166.550) and the 1day RSI bullish above the 60.00 level.
Buy and target 172.000 (less than the previous -9.60% rise).
Previous chart:
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AUDJPY Sell pattern after Lower High rejection.The AUDJPY pair is testing the 1day MA50 today having formed Lower Highs since the June 19th peak.
If the 1day MA50 breaks, the MA200 should be put up for testing but it is more likely to test the July 28th Low as the same weak pattern did in 2022.
Sell and target 92.000 (over the 0.5 Fibonacci level).
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GBPJPY: Bullish Reversal Now Confirmed?! 🇬🇧🇺🇸
Take a look at GBPJPY.
I see strong signs of a bullish reversal on a daily time frame:
the price formed a huge inverted head and shoulders pattern,
a neckline of the pattern and a resistance line of an expanding wedge pattern
were successfully broken.
I anticipate a growth now.
Goals: 185.4 / 186.5
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GBPJPY: Do You See a Bearish Pattern? 🇬🇧🇺🇸
After a test of a solid horizontal resistance, GBPJPY dropped
and violated a support line of a rising parallel channel.
To me, it is a strong bearish signal.
I would expect a bearish continuation at least to 181.16 level.
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EURJPY Buy signal inside a strong Channel Up.EURJPY is trading inside a Channel Up starting from the beggining of the year.
The MA100 (1d) gave the necessary Support last week at the bottom of the Channel UP.
Trading Plan:
1. Buy once the price closes over the Falling Resistance.
Targets:
1. 166.700 (+8.00% rise as per the bullish leg prior).
Tips:
1. The RSI (1d) hit Support (1) and rebounded. This support level has priced the lows of July 27th, March 17th and January 17th.
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Notes:
Past trading plan:
✅NZD_JPY SWING BEARISH PREDICTION🔥
✅NZD_JPY is trading in a
Massive rising wedge pattern
And the pair is now going up
To retest the rising resistance
Of the wedge from where
I think that we will see a
Pullback and a move down
To retest the rising support below
SHORT🔥
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EURJPY 7month Channel Up looking for a correction.EURJPY is trading inside a Channel Up for the past 7 months, consolidating currently around the 1day MA50.
The Channel Down on the 1day RSI hints towards a possible price pull back, the same kind that took place in November-December and June-July 2022.
Both corrections touched the 1day MA200.
Sell and target 152.000 (projected contact with the 1day MA200).
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