Japaneseyen
Nikkei rallies to be limited by a swing high?NIK225 - 24h expiry - We look to Sell at 28330 (stop at 28530)
We are trading at overbought extremes.
Prices spiked higher and stalled at resistance in early trade.
Further selling pressure led to a reversal in price action.
The current move lower is expected to continue.
Preferred trade is to sell into rallies.
The hourly chart technicals suggests further upside before the downtrend returns.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 27760 and 27395
Resistance: 28505 / 29295 / 29710
Support: 27880 / 27395 / 27050
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EURJPY Sell signal confirmedThe EURJPY pair is about to touch the Rising Resistance that emerged on the February 28th High.
It is supported by a Rising Support trend line and the MA100 (4h).
Trading Plan:
1. Sell after the price breaks under the Rising Support.
Targets:
1. 142.550 (Support Zone 1).
Tips:
1. The RSI (4h) has made a Double Top on the 1.5 month Resistance. If it closes under its MA line, then we have an additional sell signal.
2. The MA100 (4h) has also supported the price during the February-March rise. When broken, the downtrend started.
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USDJPY: Key Levels to Watch This Week 🇺🇸🇯🇵
Here is my latest structure analysis for USDJPY.
Resistance 1: 132.85 - 133.76 area
Resistance 2: 135.1 - 135.82 area
Resistance 3: 137.35 - 137.9 area
Support 1: 129.6 - 130.7 area
Support 2: 128.09 - 128.7 area
Support 3: 127.2 - 127.85 area
Consider these structures for pullback/breakout trading.
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USDJPY - IMPORTANT BREAKOUT !HELLO TRADERS 💖
On The Daily Time Frame The USDJPY Price Reached a Key Level !
Currently, The Resistance Level is Broken and becomes a New Support Level 🔥
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET: 134.165🎯
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USD vs YEN | USDJPY IdeaHi traders!
As you can see, the long-term trend of the USD/JPY price chart is bullish.
But in this direction there are lines and areas that show resistance against price growth.
So we will wait for the price to break the first resistance zone ( it's around $133.80 ).
USDJPY Dollar vs Yen FX:USDJPY
⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view,
And only some of these analyzes are my actual real trades.
I hope Traders consider I am Not responsible for your trades and investment decision.
✅ Please write any advice or suggestions.
CHFJPY - BROKEN RESISTANCE 🔥HELLO TRADERS !
The CHFJPY Price Reached a Daily Support Level and 0.618 Fibonacci Retracement Level and formed a Double Bottom Pattern!
Currently, The 144.206/143.609 Resistance Level is Broken 🔥
The Broken Resistance becomes new Support Level ✔
so, I Expect a Bullish Move 📈
i'm waiting for a retest...
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TARGET: 146.550🎯
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GBPJPY Last push upwards before strong sell?The GBPJPY pair did give a good rebound and pull-back following our February 03 idea but hasn't yet touched the Symmetrical Support level:
However it did manage to form a solid Channel Up, closing above the old Higher Lows trend-line and rebounding on the 1D MA100 (red trend-line). As long as those hold, buy and target 168.000 right below the Symmetrical Resistance Zone. A 1D candle close below the Channel Up, would be a sell signal for us, targeting just above the Symmetrical Support level finally at 156.000.
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AUD/JPY - Tight RangeOANDA:AUDJPY
Tight range for this pair.
Started to watch this late yesterday and early into todays FX sessions as maybe, just maybe the Aussie's and Japanese market makers would make some moves before the holiday weekend as there were first up in line.
Didn't happen, tight range under 70 pips for most of the major pairs.
AJ couldn't break below this support area all night/morning long
Trade Smart
Trade well
GBPJPY: Classic Bullish Setup Explained 🇬🇧🇯🇵
GBPJPY reached a solid horizontal support yesterday.
The price formed the inside bar formation on that.
Its range was successfully broken to the upside, and the 4H candle closed above that.
It will most likely push the pair higher.
Goals will be 164.6 / 165.78
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USDJPY Reached our target. Critical move ahead.The USDJPY pair hit the sell target we set on our February 28 analysis as it got rejected on the 138.210 Resistance and dropped back to the (dashed) Higher Lows trend-line:
As long as this trend-line holds, it is more likely to see one more rebound first to the 1D MA50 (blue trend-line) for short-term traders and then to the 1D MA200 (orange trend-line) for medium-term traders.
A closing (1D candle) below the dashed trend-line, will be a sell break-out signal for us and we will take the small loss on the buy and target instead the January 05 2021 Higher Lows trend-line.
Similarly, a closing (1D candle) above the 138.210 Resistance will be a buy break-out signal, targeting Resistance Zone 1.
Notice the 1D RSI being on a Higher Lows trend-line of itself. A rebound or break below it respectively enhances the probabilities of buy and sell trades respectively.
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NZDJPY - NEW BREAKOUT !
Hello Traders 💖
On The Daily Time Frame The NZDJPY Price Reached a Resistance Level!
Currently, The Price formed a Double TOP Pattern 📉
The Neckline is Broken, The Support Line is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET: 81.655🎯
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GBPJPY - New Breakout 🔥On The Daily Time Frame The GBPJPY Price Reached a Resistance Level!
Currently, The Higher Low of The Bullish Structure is Broken (Break of Structure)🔥
The Support Line is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET: 160.880🎯
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NZDJPY: High upside potential.The NZDJPY pair is on a neutral technical price action on the 1D time frame (RSI = 51.078, MACD = -0.120, ADX = 32.313) as it reached the 0.5 Fibonacci level and 1D MA50 yesterday. This is the middle level of the long-term trading range inside the S1 and R1 Zones since April 20th 2022. So essentially this pair has been trading sideways for almost 1 year.
Since the price recently rebounded (March 24th) at the top of the S1 Zone, we take this as a solid buy opportunity to target Fibonacci 0.786 (TP = 86.300).
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AUDJPY - BEARISH MOVE !On The Daily Time Frame The AUDJPY Price Reached a Resistance Level!
Currently, The Higher Low of The Bullish Structure is Broken (Break of Structure)🔥
The Support Line is Broken 🔥
So, I Expect a Bearish Move 📉
i'm Waiting for a Retest...
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TARGET: 86.880🎯
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Japanese Yen has bounce from current support and can increasedHello traders, I want share with you my opinion about Japanese Yen. Looking at the graph, we see how the Japanese yen fell to the level 129.65, after which it changed direction and began to rise. For a long time, the price moved up, reached the level 133.80 and created a resistance area from which it began to fall. Thus, the local uptrend was completed and began a downward trend. Ethereum continued to decline and recently reached support level 131.30, which was retested. The price is currently trading above the current support level and can continue to rise. I think the price can reach the resistance line, so the targets for USD/JPY I set at level131.85, which corresponds to the Fibonacci level 0.236, and at level 132.25, which coincide with the resistance line and corresponds to the Fibonacci level 0.382. Possible this a correctional movement and in the future the price may continue to decline, so I will update this idea for you as soon as the market situation changes. Please share this idea with your friends and click Boost 🚀
USD/JPY some more correction in 1H TimeframeHi Dears
If you look carefully at the chart of the USD/JPY, you can see that we have to continue our bearish momentum until to reach the base of the pole. But why?
First of all, we had an SR line at around 131.764 that the price Engulfed later and made an FTR zone, and also the price pulled back to it later so we can say that we have a flag limit (FL) zone.
This FL zone was Engulfed later on 5 April and when this happened, we expect the price to reach the base of the pole.
Sincerely
Hosein Poursaei
GBPJPY ON THE BEST ZONE ?As the price coming to the resistance , the resistance level keeping pushing on the zone. Might be the change of trend. For long term, the price might going keeping on bullish trend. Thus, the GBPJPY price will lookup on current price for confirmation to short. The support level stated will be one of the most important level need to be watching for either trend change or not.
CADJPY: Mixed patterns. Trade these levels only.CADJPY is trading inside a Channel Down pattern with the 1D technicals neutral (RSI = 51.739, MACD = -0.070, ADX = 39.994). Right noe the price is on the 1D MA50 and is bearish within the Channel Down targeting for its bottom (TP = 94.250).
In spite of that, with a 1D RSI on HL and last time the price was on the 1D MA50 from a leg up, extending to the top of the Channel Down, we might see the emergence of a Channel Up targeting the 1D MA200. As a result, if we see a break over today's High, we will buy and target firstly Fibonacci 0.382 (TP = 100.400) and secondly Fibonacci 0.5 and the 1D MA200 (TP = 102.000).
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