Bearish reversal?USD/JPY is rising towards pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 154.85
1st Support: 151.56
1st Resistance: 157.65
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.
Jpy
Heading into pullback resistance?NZD/JPY is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support.
Pivot: 90.09
1st Support: 86.65
1st Resistance: 92.32
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.
Bearish drop off pullback resistance?USD/JPY is reacting off the resistance level which is a pullback resistance that is slightly below the 161.8% Fibonacci extension and could reverse from this level to our take profit.
Entry: 153.63
Why we like it:
There is a pullback resistance level that is slightly below the 161.8% Fibonacci extension.
Stop loss: 154.98
Why we like it:
There is a pullback resistance level that aligns with the 88% Fibonacci retracement.
Take profit: 151.96
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
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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.
EURJPY Potential DownsidesHey Traders, in today's trading session we are monitoring EURJPY for a selling opportunity around 162.300 zone, EURJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 162.300 support and resistance area.
Trade safe, Joe.
GBP/JPY: 24-Hour Market Sentiment and Trade Analysis GBP/JPY: 24-Hour Market Sentiment and Trade Analysis
I spend time researching and finding the best entries and setups, so make sure to boost and follow for more.
Market Overview (Last 24 Hours):
- OANDA:GBPJPY is trading near your sell entry point at 194.027, showing signs of bearish momentum on the 15-minute chart.
- Weakness in GBP reflects recent concerns over the UK’s economic data, while the yen benefits from safe-haven flows as risk sentiment deteriorates.
Technical Overview:
- Support Levels: 193.458 (TP1), 192.904 (TP2)
- Resistance Levels: 194.298 (SL), 194.500
- Indicators: Bearish divergence on RSI supports the sell bias, while MACD on the 15-minute chart confirms downward momentum. Price is also testing a descending trendline.
Fundamental Catalysts:
- Economic Data: Recent UK retail sales data showed weaker-than-expected performance, pressuring GBP lower.
- Geopolitical Events: Risk-off sentiment globally has bolstered the yen, driving safe-haven demand.
- Liquidity: Volatility on GBP/JPY remains elevated, providing trading opportunities on the 15-minute timeframe.
Planning:
- Bearish Continuation: A sustained break below 193.800 could lead to TP1 (193.458) and potentially extend to TP2 (192.904).
- Reversal Risk: A rebound in GBP or broader risk-on sentiment could test the SL at 194.298 or higher.
Key Data Points Table:
| Pair | Entry | SL | TP1 | TP2 | Catalyst |
|----------|---------|---------|---------|---------|---------------------------|
| GBP/JPY | 194.027 | 194.298 | 193.458 | 192.904 | Weak UK data, safe-haven flows |
Sentiment Heatmap:
- Market sentiment is mixed, with yen strength driven by risk aversion and GBP facing pressure from weak fundamentals.
Note:
- This setup is ideal for a **short-term scalp** or **day trade**, targeting quick movements within the 15-minute timeframe.
When the Market’s Call, We Stand Tall. Bull or Bear, We’ll Brave It All!
CADJPY Higher Low formed. Strong buy opportunity.The CADJPY pair has formed a new Higher Low on the 4-month Channel Up pattern that started after the 2.5-year Channel Up bottomed its Bearish Leg on the August 05 Low. Being now below even the 1D MA50 (blue trend-line), this is technically a great buy opportunity.
The previous long-term Bullish Leg hit the 0.9 Fibonacci level before retracing, which gives us a 117.100 Target for Q1 2025.
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Why we don't trust this bounce on AUD/JPYMy short AUD/JPY bias sprang into action quicker than I expected two weeks ago. While support has since been found, it looks like it wants to retrace against that initial drop. Yet I have my eyes on the bigger (and more bearish) prize, and when comparing this cross to other yen pairs, I suspect another leg lower could be due when the current bounce fizzles out as anticipated.
MS
GBPJPY: Channel Up rally has started.The GBPJPY pair is neutral on its 1D technical outlook (RSI = 49.167, MACD = -0.620, ADX = 31.719) as so far it remains under both the 1D MA50 and 1D MA200, which are very close to each other. Basically today we are having a clean technical rejection on those two. In spite of this, the prevailing pattern is a Channel Up and we have already started the 3rd bullish wave. The two prior started after a 1D RSI Bullish Cross and the shortest one has been +7.34%. We are aiming for this extension (TP = 201.900).
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USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development.
It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level.
As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000.
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GBP/JPY Mid Term after a strong fight with the JPYHi again guys, we are looking into our next fantastic opportunity which this time will be more Mid Term as development. We will check out the GBP / JPY which has been extremely bullish for an extended period of time, but as we have seen the past couple of weeks since the beginning of November until now that the price has significantly dropped down. Currently as I showcased on my technical analysis it has reached a previous Strong Resistance Line which has been tested a few times and it became a Strong Support Line , so this is why my analysis is showcasing a reversal of the downtrend into an uptrend. Current entry description -
entry 191.550
Target 1 : 193.765
Target 2 : 196.015
Target 3 : 199.850
Keep in mind that we have had high volatility with the JPY pairs so you can be cautious and have your entry after the first target has been reached so you have the necessary confirmation!
Happy trading!
GBPJPY Potential DownsidesHey Traders, in today's trading session we are monitoring GBPJPY for a selling opportunity around 194.900 zone, GBPJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 194.400 support and resistance area.
Trade safe, Joe.
Bearish reversal?CAD/JPY is rising towards the pivot which acts as a pullback resistance and could reverse to the 1st support which has been identified as an overlap support.
Pivot: 108.44
1st Support: 107.05
1st Resistance: 109.38
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.
Potential bullish rise?AUD/JPY has reacted off the pivot and could rise to the 1st resistance which acts as an overlap resistance.
Pivot: 96.89
1st Support: 95.68
1st Resistance: 98.01
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.
Potential bullish rise?AUD/JPY has reacted off the support level which is an overlap support and could rise from this level to our take profit.
Entry: 96.73
Why we like it:
There is an overlap support level.
Stop loss: 96.63
Why we like it"
There is a pullback support level.
Take profit: 98.06
Why we like it:
there is an overlap resistance level that is slightly above the 50% 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.
Bullish bounce?CAD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance.
Pivot: 105.77
1st Support: 104.88
1st Resistance: 108.47
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.
USDJPY Channel Up bottomed. Very strong BUY.USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction.
It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift.
Trading Plan:
1. Buy after the price crosses above the MA200 (4h).
Targets:
1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci extension).
Tips:
1. The RSI (4h) is printing a cup into Channel Up pattern, identical to the previous Low of the Channel Up. An additional buy signal.
Please like, follow and comment!!
NZDJPY to turnaround?NZDJPY - 24h expiry
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
The selloff is close to an exhaustion count on the daily chart.
Price action looks to be forming a bottom.
Bespoke support is located at 87.80.
Risk/Reward would be poor to call a buy from current levels.
We look to Buy at 87.80 (stop at 87.30)
Our profit targets will be 89.00 and 89.25
Resistance: 89.00 / 89.50 / 90.00
Support: 88.50 / 87.80 / 87.30
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.
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USD/JPY - Bullish Momentum in Action!Following yesterday's shared analysis, USD/JPY has aligned perfectly with the expected bullish scenario:
- 15-Minute Chart Breakdown:
- The structure shifted, transitioning from bearish to bullish as the market began forming higher highs and higher lows .
- After the structure shift, the price entered a reaccumulation phase , consolidating before the next impulse move.
- Indicator Precision:
- The WiseOwl Indicator identified a high-probability entry signal at the right moment, during the reaccumulation phase, allowing us to capitalize on the bullish trend.
- The trade has shown minimal drawdown and is now trending in profits.
- Outlook:
As long as the market respects the bullish structure, we anticipate continued momentum to the upside.
Key Takeaway:
This trade showcases the importance of combining **structure analysis** with precision tools like the WiseOwl Indicator to maximize opportunities in trending markets.