USD/JPY will break 152 soon(4/3/2024)USD/JPY is consolidating under the resistance zone. it's alarming that the 152 zones will be broken soon.
It has been 3 times when the price reached the 152 zone and every time we see the reaction becomes smaller and weaker.
This is not a buy signal because maybe BOJ is attempting to manipulate the market.
Our technical view has been shown in the chart.
If you like it then Support us by Like, Following, and Sharing.
Thanks For Reading
Team Fortuna
-RC
(Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Jpy
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 163.500 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 163.500 support and resistance area.
Trade safe, Joe.
NZDJPY to form a lower high?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
Rallies should be capped by yesterday's high.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.60.
We look to Sell at 90.60 (stop at 90.84)
Our profit targets will be 90.00 and 89.85
Resistance: 90.60 / 90.80 / 91.10
Support: 90.20 / 89.90 / 89.60
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.
📈 CAD/JPY Review 📉📈 CAD/JPY Review 📉
CAD/JPY saw a notable rise last week, reaching the previous week's high before encountering resistance, forming a compelling setup in lower time frames. 🚀📉 Target levels are clearly outlined on the chart, with focus shifting towards last week's low. 🎯 Overall, a promising opportunity seems to be brewing in the CAD/JPY pair. Keep a close eye for potential entry points! 💼💰 #TradingView #ForexTrading 🌐
NZDJPY Channel Up Buy SignalThe NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023.
The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current pull-back, we now turn bullish on this pair, targeting 94.500 (+5.44% rise, which has been the minimum % increase of Bullish Legs within this pattern).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
CADJPY Triangle break-out buyThe CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) :
Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of January - February.
So far the fractals appear to be quite identical as following a +3.34%, the price pulled-back to the 0.382 Fibonacci retracement level, which is at the moment holding. As long as it continues to do so, we expect a bullish break-out similar to February's towards the -0.382 Fib extension, hence our Target is 113.500.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
Potential bearish drop from swing high resistancePrice is currently on the swing high resistance level and could reverse from this level to our take profit
Entry: 151.809
Why we like it:
There is a swing high resistance
Stop loss: 152.303
Why we like it:
There is an alignment of the 78.6% Fibonacci projection
Take profit: 151.032
Why we like it:
There is a pullback support
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.
GBPJPY Wait for the 1day MA50 to break.GBPJPY is trading inside a Bullish Megaphone.
Every time the 1day MA50 broke downwards, the pattern gave a sell signal with the minimum decline on the Bearish Wave being -4.17%.
If the price does break under the 1day MA50, sell and target 185.500.
The 1day RSI is already on a Bearish Divergence.
Previous chart:
Follow us, like the idea and leave a comment below!!
AUDJPY to find buyers at market price?AUDJPY - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 98.60.
Price action looks to be forming a bottom.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 99.00 will confirm the bullish momentum.
We look to Buy at 98.60 (stop at 98.32)
Our profit targets will be 99.30 and 99.50
Resistance: 99.00 / 99.10 / 99.25
Support: 98.60 / 98.50 / 98.35
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.
Potential reversal from overlap resistance levelPrice is currently at an overlap resistance level and could reverse from this level to our take profit
Entry: 163.446
Why we like it:
There is an overlap resistance level that aligns with the 38.2% Fibonacci retracement
Stop loss: 164.364
Why we like it:
There is a pullback resistance level
Take profit: 162.661
Why we like it:
There is a pullback support level that aligns with the 50% Fibonacci retracement
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.
BUY TRADE SETUP ON GBPJPYHey Traders,
Check out this technical analysis on GBPJPY; it appears to be undergoing a small pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
BUY TRADE SETUP ON USDJPYHey Traders,
Check out this technical analysis on USDJPY; it appears to be undergoing a small range pullback, potentially indicating a bullish momentum continuation.
However, I would recommend waiting for a proper retest of the broken key level before considering a buy-trade entry.
Alternatively, there may be an opportunity for a sell trade if the market breaches the evident support area.
Keep a close eye on this.
The USD/JPY pair rises to its highest levels since 1990The USD/JPY pair rises to its highest levels since 1990
The Japanese yen continued its losses during trading on Wednesday, with the USD/JPY pair falling to its lowest levels since July 1990, that is, in nearly 34 years, with the continued strong upward momentum of the American currency and the failure of the recent shifts in monetary policy at the Bank of Japan to give sufficient support to the yen. Japanese.
The dollar/yen pair rose to the level of 151.975 yen during early trading in the session, which is the highest level recorded by the pair since the beginning of July 1990, after the Governor of the Bank of Japan, Kazuo Ueda, stated that the Bank of Japan will continue to maintain its current accommodative policy as long as necessary. To support economic growth.
But the yen was then able to regain some ground and recovered a bit after Japan's Finance Minister, Shunichi Suzuki, came out with an immediate warning, calling for decisive action by the government, a phrase he last used in late 2022, before the Bank of Japan intervened in the forex market. To buy yen and sell dollars.
Last week, the Bank of Japan raised interest rates for the first time in 17 years, but despite this, the Bank of Japan's tightening is expected to occur very gradually, which has reinforced the yen's losses, especially in light of growing expectations that the Federal Reserve may have to wait. longer before he could cut rates, which gave additional support to the dollar.
Usdjpy - is market anticipating for something?Tradingview Ideas:
Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Has been sideway for the past 6-7 days...something is brewing for USDJPY? Let's watch first..personally i dont have a crystal ball..lend me if you do... so not sure if its gonna break which way..though its still bullish. But let's see..
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
NZDJPY to continue in the downward move?NZDJPY - 24h expiry
The primary trend remains bearish.
The sequence for trading is lower lows and highs.
We have a 50% Fibonacci pullback level of 90.85 from 91.25 to 90.20.
Preferred trade is to sell into rallies.
Bespoke resistance is located at 90.80.
We look to Sell at 90.80 (stop at 91.10)
Our profit targets will be 90.05 and 89.90
Resistance: 90.80 / 91.10 / 91.40
Support: 90.20 / 89.90 / 89.60
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.
USDJPY Buy the Resistance break out.USDJPY has reached but yet failed to cross over Resistance A (151.950) since last Wednesday.
The prevailing pattern is a Channel Up so wait until a 1day candle closes over Resistance A and buy the break out.
Target 155.500, which would be a symmetric bullish wave as the first one of this Channel Up.
Previous chart:
Follow us, like the idea and leave a comment below!!
USDJPY to breakdown?USDJPY - 24h expiry
Price action continues to be mixed and volatile for 6 days in succession resulting in spikes in both directions.
The rally was sold and the dip bought resulting in mild net losses yesterday.
Bespoke support is located at 148.96.
A Fibonacci confluence area is located at 148.95.
Rumours of intervention have resulted in a spike in volatility.
A break of 151.02 is needed to confirm follow through negative momentum.
We look to Sell a break of 151.02 (stop at 151.62)
Our profit targets will be 149.52 and 149.32
Resistance: 151.97 / 154.73 / 155.00
Support: 150.50 / 149.96 / 148.54
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.
CHFJPY Hit the 1D MA200 after 1 year!The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below):
Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023.
We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
GBPJPY Breakout and Potential retraceHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 191.500 zone, GBPJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 191.500 support and resistance area.
Trade safe, Joe.
Could USDJPY downside momentum continue?Price is rising towards a pullback resistance level and could potentially reverse from the level to our take profit
Entry: 151.659
Why we like it:
There is a pullback resistance which aligns with the 61.8% Fibonacci retracement
Stop loss: 151.974
Why we like it:
There is a swing high resistance
Take profit: 151.033
Why we like it:
There is a pullback support
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.
AUDJPY Hit the top of the Channel Up.The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below):
That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up and our Target is the 0.382 Fibonacci retracement level at 95.600.
If however the price breaks above the Higher High and the Channel Up, we will have a formation bullish break-out and as a result we will take the small loss on the short and go long instead, targeting the 3.0 Fibonacci extension at 102.700. In that case we will be expecting a rally similar to June 2023, which led to the creation of the current Channel Up.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇