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USDJPY: Detailed Structure Analysis 🇺🇸🇯🇵 USDJPY went up as I predicted. Here are the important key structures to watch. Vertical Structures Vertical Resistance 1: Falling trend line Vertical Support 1: Falling trend line Horizontal Structures Support 1: 140.9 - 141.9 area Support 2: 137.2 - 138.1 area Resistance 1: 146.2 - 146.8 area Resistance 2: 148.2 - 148.6 area Resistance 3: 149.6 - 150.4 area Resistance 4: 151.7 - 152.0 area Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
GBP/JPY Analysis – Moving Averages and Supply/Demand Bearish PerHello traders, GBP/JPY has presented a potential bearish scenario amidst recent developments in the 50 and 100 Simple Moving Averages (SMA), coupled with supply and demand dynamics. Keep in mind that the upcoming Bank of England (BOE) interest rate decision on Thursday could influence the analysis, and traders should remain vigilant. The 50 SMA has recently crossed below the 100 SMA, signaling a potential bearish momentum shift. This crossover could indicate a trend reversal or the beginning of a downtrend. Supply and Demand: Entry Points: Current Price (Market Entry): Given the recent bearish crossover, consider entering a short position at the current market price for potential continuation. 183.430 Level (Pending Entry): Another entry point could be around 183.430, aligning with a potential retracement to the moving average resistance. Take Profit Points: 1st: Set the first take-profit point at 176.360, which aligns with a significant support level. This level could pose a challenge for further downward movement. 2nd: The second take-profit point is set at 180.400, considering potential resistance and supply in that region. Risk Management: Place stop-loss orders above key resistance levels or recent swing high please. Evaluate risk-reward ratios before entering trades and adjust position sizes accordingly.
Short
by AliSignals
5
CHFJPY Breaking above the 1D MA50 and confirming the buy.The CHFJPY pair hit our 169.100 bullish target, after the 1D MA50 (blue trend-line) held, as presented on our November 06 call (see chart below): The current Bullish Megaphone that it has been trading in, has been very consistent. The recent Higher Low was made on the 0.786 Fibonacci retracement level such as the October 03. That was the first buy signal but now that the price is breaking above the 1D MA50 (needs to also close the candle above), we have the confirmation. On top of that, the 1D MACD is about to form a Bullish Cross. The previous Higher High was priced exactly on the -0.236 Fibonacci extension so as a result we will target the new -0.236 Fib at 172.500. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
GBPJPY Technical Analysis 19.12.2023 1h chart– Previous Daily candle closed small Bullish around 180.550 within the recent Daily range as price consolidates on the lower timeframe. – Buys on close above 181.100 targeting 4h Resistance around 181.560, Leaving Runners to the 30min Resistance formed around 181.950. – Sells on close below 180.070 targeting 1h previous Resistance formed on 14th December 2023 around 179.370, Leaving Runners to the 1h Support formed around 179.010. – High Impact News ahead of the Asian session for the Japanese Yen for review on interest rates, Monetary Policy Meeting Minutes, Monetary Policy Statement, Bank Of Japan Policy Rate followed by Bank Of Japan Press Conference, High Volatility expected
by SalimFX20
AUDJPY Our trading plan on this Channel Up.The AUDJPY pair gave us the pull-back we wanted last time (November 03) and delivered a buy opportunity that hit our 97.675 target (see chart below): The price has since pull-back and rebounded just before testing the 1D MA200 (orange trend-line). Even though it is still restrained below the 1D MA50 (blue trend-line), as long as the 1D MA200 holds, we expect this sequence to be the new bullish leg of the Channel Up, similar to the post July 28 bottom. The Higher High that followed, peaked just above the 1.136 Fibonacci extension level and as a result, our current target is 99.300. If however the price breaks and closes a 1D candle below the 1D MA200, we will take the loss and attempt to cover it by shorting towards 91.800 (Support 1). ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY did what it should do as Per my analysis,what next?Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Here's my evaluation of the pair and moving forward what is there to expect. But let's revisit what has happened over this week. If you have not yet seen my previous post of USDJPY , you maybe refer to link below or here >> Let's roll back on time on USDJPY to Monday, the start of the week. We see that it has been super bullish on Monday clearing the 145 and even 146.5 level that I have mentioned. First of all we don’t see any sign on turning even on the one hourly chart for UJ. Therefore, nothing for us to short on that day. The interesting part comes on Tues, where it seems like all the technicals aligned. You can refer back to the analysis post I mentioned last week. I mentoned about the downtrend line on the daily and H4. 146.5 area also coincide by the last support turned resistance I hightlighted. So, naturally here's the place for us to look for short, which we saw a breakout of the consolidation and it came lower. If you missed that, we do have opportunities to short 2 more times before the last strong move downwards on Thursday 3am Singapore time. And then, for the rest of Thurs to Fri, it has been consolidating. So, what to expect next? Like I have mentioned, if the BOJ has no sign of increasing its rate, tighten their monetary policy, very likely we would see the USDJPY to resume back its longer term uptrend moves. BUT if the BOJ indeed has some "actions" or hint to increase it rate and tighten, the likely the market will move further downwards. And that's probably why the USDJPY has consolidated right on its up trendline of the year since Jan 2023. Let's see how PA unfolds from here on! Happy Trading! 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. ********************************************************************
by Shadowing_The_Big_Boys
GBPJPY Potential DownsidesHey Traders, In the upcoming week, our focus will be directed towards GBPJPY, where we are actively observing a potential selling opportunity within the 181 zone. Presently, GBPJPY is navigating a downtrend, indicative of a sustained downward momentum. Within this broader trend, the currency pair is currently undergoing a correction phase, steadily approaching the trend at the significant 181 resistance area. The correction phase in GBPJPY introduces a dynamic element to the market, offering the prospect of a strategic entry point for sellers. The 181 resistance area holds particular importance due to its historical significance as a level where price movements have previously elicited substantial reactions. Traders will closely monitor this critical juncture in anticipation of signals that may inform their selling decisions in the coming week. Trade safe, Joe.
Short
by JoeChampion
USDJPY: Your Trading Plan For Next Week Explained 🇺🇸🇯🇵 USDJPY is closed on a key horizontal daily support. The price formed an ascending triangle formation on that on a 4H. 142.47 is the neckline of the pattern. IF the price breaks and closes above that on a 4H, it will signify the strength of the buyers and highly probable bullish continuation. A bullish movement will be anticipated to 144.0 level then. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
5
GBPJPY to turnaround?GBPJPY - Intraday Posted a Bullish Hammer Bottom on the Daily chart. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected although we prefer to buy into dips close to the 180.22 level. We look to Buy at 180.22 (stop at 179.42) Our profit targets will be 182.22 and 182.62 Resistance: 182.10 / 183.35 / 184.60 Support: 180.30 / 178.00 / 175.15 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.
Long
by OANDA