Market Analysis – April 5 USDJPY exhibits a notable stagnation in price movement as the eagerly awaited Non-Farm Payroll (NFP) data approaches. The ascent of USDJPY encounters a temporary impasse at the critical resistance level of 152.00. Notably, the market delineates an ascending triangle pattern, prominently evident on the 4-hour chart, in anticipation of an […]
Market Analysis – March 22 USDJPY projects a price dive beyond the 152.000 significant level. Over the past few weeks, the USDJPY pair has witnessed interesting price movements. The sellers approached the 146.500 price level, which prompted a response from the buyers. They initiated a strong trend, pulling the price through the 149.030 level. By […]
Market Analysis – March 11 USDJPY faces potential losses as selling strength emerges. The pair has recently shown signs of potential losses, as the bears have awakened from their slumber and breached the key level of 149.400. Before this downward expansion, the pair remained relatively silent above the significant level of 149.400, as the buyers […]
Market Analysis- March 3 USDJPY experience bearish fallout and potential entry points. Traders and investors are closely watching as the market heads back towards the significant level of 149.500. If this bearish momentum continues, sellers are likely to pursue lower prices in the new month. It has been a while since the USDJPY has been […]
USDJPY Analysis – January 29 USDJPY consistently exhibits fractal movements as it approaches an imminent breakout. USDJPY keeps repeating the same bullish pattern since the overall bullish trend began. The current trading range is bounded between 137.000 and 152.000 price levels. The ongoing impulse is likely to extend beyond the 152.000 level owing to the […]
USDJPY Analysis – January 3 USDJPY is set to surge to 144.950 amidst an ongoing downtrend. The market has experienced a significant uptrend into the premium zone until November 2023. However, a Change of Character (CHOCH) emerged, leading to a long-lasting decline. The Stochastic Oscillator showed oversold conditions at 140.950, suggesting a possible reversal. USDJPY […]
USDJPY Analysis – December 20 USDJPY reverses downward as the price hits 151.900 resistance. The market appears to have finished its fifth wave of uptrending at the resistance level of 151.900. The market is headed towards the support level of 137.200 and is now in a negative trend. If the price does not validate the […]
USDJPY Analysis – December 15 USDJPY faces buying pressure from the discount zone as the market resumes its bullish trend. Recently, the bears were able to break through the main trendline that had been restraining the price from falling. On the other hand, the bulls have seized the market by storm from the discount zone, […]
USDJPY Analysis – December 7 USDJPY crashes lower as the price heads into the discount zone. The current state of the market indicates a corrective stage, descending as it nullifies feeble troughs. In accordance with the MA Cross, the bears have effectively seized control over the market. Nevertheless, given the persistently positive overall order flow, […]
