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Jpy

Bearish drop?GBP/JPY is rising towards the pivot which aligns with the 50% Fibonacci retracement and could drop to the 1st support. Pivot: 192.49 1st Support: 190.20 1st Resistance: 193.37 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.
Short
by ICmarkets
Bearish drop?EUR/JPY is reacting off the pivot and could potentially drop to the 1st support. Pivot: 161.39 1st Support: 157.91 1st Resistance: 165.23 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.
Short
by ICmarkets
Bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 157.90 Why we likeit: There is a pullback resistance level that lines up with the 38.23% Fibonacci retracement. Stop loss: 158.19 Why we like it: There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement. Take profit: 157.34 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
USDJPY Analysis Here's a bullish channel setup on USDJPY! The pair is respecting the ascending trendline, and we’re seeing signs of potential upside movement. 🚀 🎯 Targets: Take Profit 1: 158.451 Take Profit 2: 158.825 Take Profit 3: 159.154 📉 Stop Loss: 157.582 (below the channel support). The pair is currently trading near the channel’s lower boundary, offering a great risk-to-reward ratio. Keep an eye on this one—it could deliver solid gains! 💰 Let’s see how this plays out! 💹
Long
by Charts_M7M
Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns wit the 78.6% Fibonacci retracement and could drop from this level to our take profit. Entry: 158.31 Why we like it: There is an overlap resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 158.77 Why we like it: There is a resistance level at the 100% Fibonacci projection. Take profit: 157.66 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
NZDJPY forming a top?NZDJPY - 24h expiry The primary trend remains bearish. Price action looks to be forming a top. Preferred trade is to sell into rallies. The hourly chart technicals suggests further upside before the downtrend returns. Bespoke resistance is located at 89.00. We look to Sell at 89.00 (stop at 89.25) Our profit targets will be 88.40 and 88.20 Resistance: 88.90 / 89.10 / 89.40 Support: 88.60 / 88.25 / 88.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
Bearish drop?EUR/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and could drop from this level to our take profit. Entry: 163.78 Why we like it: There is a pullback resistance level that aligns with the 50% Fibonacci retracement. Stop loss: 164.76 Why we like it: There is a pullback resistance level. Take profit: 162.12 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
USDJPY: Channel Up extending its 2nd bullish wave.USDJPY continues to trade on an highly bullish 1D technical outlook (RSI = 66.571, MACD = 1.090, ADX = 47.294) as today made a new high inside the 4 month Channel Up. It is on its 2nd bullish wave and it has started its 2nd stage, as it crossed above the 0.382 Fibonacci level, much like the previous bullish wave on October 21st. Aim for the 0 Fib near the top of the Channel (TP = 164.000) ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
Yen Struggles as Investors Question BoJ's Rate Hike ProspectsThroughout the first half of the European trading session on Monday, the Japanese Yen continues to struggle against the US Dollar, with the exchange rate slipping to 0.006436 as I write this article. Investor skepticism regarding the Bank of Japan's (BoJ) potential for further interest rate hikes plays a significant role in this downward trend. This uncertainty, combined with an overall positive market sentiment, is putting pressure on the traditionally safe-haven Yen. Moreover, the recent widening of the yield gap between US and Japanese government bonds—intensified by the Federal Reserve's hawkish stance—further contributes to the Yen's decline. As the Fed signals a more aggressive monetary policy, the lower-yielding Yen becomes less attractive to investors. In terms of market outlook, we are anticipating a continuation of this bearish trend for the Yen against the Dollar. USD/JPY Previous Idea as reference: ✅ Please share your thoughts about JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
CME:6J1!Short
by FOREXN1
1
gold (xauusd) according to lower time frame, Based on the chart provided: 1. **Descending Channel**: - Gold appears to be trading within a descending channel, indicating a bearish trend in play. 2. **Resistance Zone**: - A resistance area is marked near the upper trendline of the channel, suggesting that sellers might enter around this level. - Price is currently near this resistance zone. 3. **Bearish Confirmation**: - The text notes to wait for bearish confirmation before executing a sell trade. This could involve a rejection from the resistance zone (e.g., a bearish candlestick pattern like a pin bar, engulfing candle, or increased selling volume). 4. **Trade Plan**: - If bearish confirmation occurs at the resistance zone, price is expected to drop back toward the lower boundary of the descending channel. - Potential targets: - Mid-level support (likely around 2630). - Lower channel line (near 2610 or lower). 5. **No Confirmation, No Trade**: - If price fails to confirm bearish rejection and instead breaks out above the resistance zone, no trade should be executed as the bearish structure would be invalidated.
CAPITALCOM:GOLDShort
by TRADE_CENTER_1
Bearish reversal off overlap resistance?EUR/JPY is rising towards pivot which is an overlap resistance and could reverse to the 1st support which acts as a pullback support. Pivot: 164.97 1st Support: 162.65 1st Resistance: 166.66 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.
Short
by ICmarkets
Bearish drop?AUD/JPY is rising towards the pivot and could drop to the 1st support. Pivot: 99.58 1st Support: 98.49 1st Resistance: 100.18 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.
Short
by ICmarkets
Bearish drop off pullback resistance?AUD/JPY is rising towards the resistance level which is a pullback resistance and could drop from this level to our take profit. Entry: 98.53 Why we like it: There is a pullback resistance level. Stop loss: 98.90 Why we like it: There is a pullback resistance level. Take profit: 97.854 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci retracement. Enjoying your TradingView experience? Review us! 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.
Short
by VantageMarkets
GBPJPY Trade Idea 2The last 2 weeks(19th to now. We had gains come back down. In the Monthly tf, it became a wick. Either way, I got my weekly/Daily take profit levels. On the 4HR, I'm looking for entry levels to sell( I will still need further break of structure to the downside. On the 1HR, I'm looking to take some buys to my daily target level of 197.526 or my 4HR target level of 196.060. BUT first I I would need further break of structure to the upside. To increase my Win rate I have to stick to my rules.
by ApxnLiving
1
EURJPY, BOJ didn't increase the ratesEURJPY / 1D Hello Traders, welcome back to another market breakdown. EURJPY is showing strong bullish momentum after the BOJ's decision not to increase rates, breaking through key resistance levels and signaling a potential continuation to the upside. However, the price is making new highs for now. Hence, instead of jumping in at current levels, I recommend waiting for a pullback into the breakout zone for a more strategic entry. If the pullback holds and buying confirms, the next leg higher could target: First Resistance: Immediate levels formed during prior consolidation. Stay disciplined, wait for the market to come to you, and trade with confidence! Trade safely, Trader Leo.
Long
by BTM-LEO
11
GBPJPY - Will the pound continue to grow?!The GBPJPY currency pair is above the EMA200 and EMA50 in the 4-hour timeframe and is moving in its upward channel. If we continue to move towards the supply zone, we can sell with an appropriate risk reward. The downward correction of this currency pair towards the demand zone will provide us with the next buying position. The mortgage approval statistics for the UK in November indicate that the number of approved mortgages has reached 65.7K, which is below the forecast of 68.7K and the previous figure of 68.3K. Additionally, net consumer credit dropped to £0.9 billion, falling short of the £1.2 billion estimate. Net mortgage lending also declined to £2.5 billion, below the forecast of £3.2 billion and the previous figure of £3.4 billion. The annual consumer credit rate also fell, reaching 6.6%. On Sunday, Elon Musk stated that Nigel Farage should step down from leading the UK’s right-wing Reform Party. Musk wrote on his social platform, X, “The Reform Party needs a new leader. Farage lacks the necessary ability.” This statement came despite Musk having appeared to support Farage previously, even taking a photo with him last month. Media outlets had speculated that Musk, a close ally of Donald Trump, the U.S.President-elect, might provide significant financial support to the Reform Party to challenge the UK’s Labour and Conservative parties. Mitsubishi UFJ Financial Group has expressed a bearish outlook on the British pound, pointing to potential rate cuts by the Bank of England as a key factor. The group stated that market pricing for the Bank of England’s rate reductions this year is overly conservative. They anticipate that the Bank of England will implement further cuts, which would likely weaken the pound against other currencies, particularly non-dollar ones. Additionally, with the U.S. dollar showing further signs of weakening, the pound is expected to remain under pressure. The financial group also highlighted rising energy prices as a vulnerability for the UK, particularly in light of Ukraine’s refusal to extend its natural gas transit agreement with Russia to Western Europe. The UK’s limited storage capacity exacerbates its susceptibility to market price fluctuations, increasing concerns about a rise in service costs this year. Higher energy prices are expected to negatively impact consumer spending, weaken business confidence, and drive up overall costs. Meanwhile, a recent private survey revealed that Japan’s service sector activity expanded for the second consecutive month in December, driven by strong demand and increased trade activity. According to the survey conducted by S&P Global Market Intelligence, the final services PMI rose from 50.5 in November to 50.9 in December. While this was lower than the preliminary estimate of 51.4, it remained above the 50.0 threshold for the second consecutive month, signaling economic expansion. The Bank of Japan Governor, Mr. Ueda, recently stated: • There is a possibility of raising interest rates if the economic recovery continues. • The timing of adjustments will depend on economic conditions and inflation trends. • He hopes for balanced growth in wages and prices. • Wage increases remain a critical factor. • The cycle of rising wages, economic recovery, and increased consumption gradually reinforced each other throughout the past year.
Short
by Ali_PSND