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GBPJPY 18/02/24GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms of a short term bias within price. If we do shift bearish il be looking towards the major demand sitting at our last internal low in price, this of course will also act as liq so running this a possibility. always keep in mind higher timeframe bias is only validated with lower timeframe confirms and trade entries, so be sure to always trade with order flow.
by PipSurfingSociety
UJ bias on long...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As per last week's analysis and view i have, UJ went up and was bullish after CPI news Hopefully your got some pip from there. UJ should continue to remain bullish till at least 152?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. *********************************************************************
Long
by Shadowing_The_Big_Boys
2
The yen is in no hurry to drop.I perfectly understand why many people draw short on JPY, it really looks risky. But look at the weekly chart from a certain angle. A kijun/tenkan cross was formed just inside the cloud and the candles was held on the inside cloud boundary. 1 candle, which will take the price above 138, will quite push the price to the top at 152. Anyway my experience shows that such constructions (the cross inside the cloud on the weekly timeframe) cannot be ignored. There seems to be a build-up of hedge positions for insurance and the yen is traditionally in demand.
by averkie_skila
USDJPY: Evaluating Fundamental Strength Amid CPI SurgeHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area. Looking at the fundamental aspect, recent CPI data in the US has shown a notable increase, indicating potential inflationary pressures. Considering the CPI data for February, which came in at 0.4% versus the expected 0.3%, and the previous month's 0.3%, it suggests a growing trend in inflation. This upward trend in inflation may influence the Federal Reserve's monetary policy decisions, possibly reducing the likelihood of rate cuts in the upcoming months. Trade safe, Joe.
Long
by JoeChampion
Buy EURJPY Channel BreakoutThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern. Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 162.04 and 162.30. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 161.10. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
6
AUDJPY to continue in the upward move?AUDJPY - Intraday There is no clear indication that the upward move is coming to an end. Trend line support is located at 97.70. Risk/Reward would be poor to call a buy from current levels. A move through 98.00 will confirm the bullish momentum. The measured move target is 98.50. We look to Buy at 97.70 (stop at 97.45) Our profit targets will be 98.35 and 98.50 Resistance: 98.00 / 98.25 / 98.50 Support: 97.70 / 97.50 / 97.25 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
USDJPY Bullish within a Double Channel UpThe USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows. The 1D RSI indicates that we might be in a similar spot as May 22 2023 of the previous Bullish Leg of the Megaphone, a structure that peaked on the 1.786 Fibonacci extension level on the Higher Highs trend-line. Before pursuing that target though (161.900 = 1.786 Fib), we will settle for the top of the blue Channel Up at 154.000. ------------------------------------------------------------------------------- ** 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
Buy CADJPY Bullish channelThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Buy Entry: Consider entering a long position around the current price of 111.19, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 111.60 and 111.84, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the channel at 110.90. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_TA_TRADING
1
NZDJPY to find buyers at current support?NZDJPY - 24h expiry Trading within a Bullish Channel formation. Dips continue to attract buyers. The hourly chart technicals suggests further downside before the uptrend returns. A lower correction is expected. Bespoke support is located at 91.30. We look to Buy at 91.30 (stop at 91.00) Our profit targets will be 92.05 and 92.25 Resistance: 91.90 / 92.20 / 92.40 Support: 91.30 / 91.00 / 90.70 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
CHFJPY Short Analysis + Trade IdeaCHFJPY 4HR Analysis + Trade Idea by OfficialKieranTrewick Looking for a 4HR fractal pivot rejection off 170.750-171.000 to provide good entries for shorts down to 169.500 - 167.000, The daily trend is very strong with chfjpy ongoing since 2021 and with multiple recent rejections off the latter side it seems it may be loading up for the surge into ATNH but with how strong of a resistance there has been at 171.500 i am not sure if this will be anytime soon, and with how strong the trend has been there is definitely room for some exhaustion down to 165-163 without affecting any long term market structure. Currently where the inner trend meets the underside of the largescale trend within a large range zone block trapped between 50% and a strong resistance level, the key here is just patience and waiting for the right confirmations to play out. On friday I already entered a short position with my VIP group from around 170.850 with various take profits levels down to 170.750, 170.500, 170.250, and 169.250.
Short
by OfficialKieranTrewick
Usdjpy a healthy pullback should be goodHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias to watch for setups to go on long like what i did last week. Take note! :) 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
Trading USDJPY: Fed's Influence on Uptrend ContinuationHey Traders, In the coming week, we are keeping a close eye on USDJPY for a potential buying opportunity around the 148.800 zone. USDJPY has been following an uptrend and is currently experiencing a correction phase, bringing it closer to the support and resistance area at 148.800. Adding a fundamental layer to our analysis, it's important to note the recent guidance from the Federal Reserve regarding monetary policy. The Fed's indication that a rate cut in March is unlikely has implications for the strength of the US dollar. Such forward guidance from the central bank can influence market sentiment and impact currency pairs like USDJPY. As traders, it's crucial to consider these fundamental factors alongside technical analysis when making trading decisions. Keeping abreast of central bank communications and their implications for currency movements is key to navigating the forex market effectively. Trade safe, Joe
Long
by JoeChampion
5
Capitalizing on USDJPY's Breakout: A Fundamental PerspectiveIn today's trading session, we're eyeing a buying opportunity on USDJPY around the 148.900 zone. USDJPY recently broke through a significant resistance area and is currently in a correction phase, approaching the retrace area. Technical Analysis: USDJPY's recent breakout above key resistance levels signals potential bullish momentum. The pair is now in a corrective phase, with the 148.900 zone acting as a crucial area for potential re-entry. Fundamental Analysis: Chair Powell's recent remarks regarding the likelihood of a rate cut in March have reverberated through the market. His indication that a rate cut is not the Federal Reserve's base case, coupled with the release of a robust payrolls report, has underscored the strength of the US economy. Despite Powell's access to privileged information, his decision to downplay rate cut expectations suggests a more optimistic outlook for US growth. Historically, strong US economic performance has translated to a positive environment for the Dollar, potentially favoring USDJPY bulls. Combining technical analysis with a fundamental perspective, the outlook for USDJPY appears promising. The recent breakout and correction phase present a strategic buying opportunity, supported by Chair Powell's remarks and strong economic data. Traders should closely monitor price action around the 148.900 zone for potential entry points, keeping a keen eye on broader market dynamics.
Long
by JoeChampion
2