USDJPY Analysis – December 2 USDJPY approaches the discount zone as the bulls exit the market. The absence of the bulls results from the resistance faced at the 151.900 price level. According to the MA Cross, USDJPY is now in a bearish environment as the Moving Average Period 9 crossed downward through the Moving Average […]
USDJPY Analysis – November 27 USDJPY flips bearish as the 149.200 low gets invalidated after the price hits the 151.900 resistance. The market has been in a bullish trend since the beginning of 2023. Owing to the overwhelming selling pressure at the premium zone, the market seems to have begun a new trend in a […]
Market analysis – November 17 USDJPY reveals signs of a potential reversal as it respects the 152.000 supply level. The bullish momentum is weakening as the price forms a bearish reversal pattern. USDJPY Key Levels Demand Levels: 145.100, 141.900, 138.400Supply Levels: 148.600, 152.000, 154.000 USDJPY Long-Term Trend: Bearish The market experienced a bullish break of […]
Market Analysis – November 8 USDJPY bullish strength declines rapidly after multiple waves of prominent price rises. The buyers seem exhausted as the market ascent appears very lethargic in recent days. USDJPY Key Levels Demand Levels: 138.800, 133.700, 127.500 Supply Levels: 151.940, 154.500, 155.000 USDJPY Long-Term Trend: Bullish USDJPY has performed brilliantly since the inception […]
Market Analysis – November 2 USDJPY finds support in a confluence region. The buying pressure has pushed above the resistance level of $149.000 The demand level of 138.300 aligned perfectly with the supporting trend line of the parallel channel to establish a confluence zone. The USDJPY experienced a significant low in mid-July 2023. It resulted […]
Market Analysis – October 31 USDJPY approaches the resistance zone of 151.800. USDJPY experienced a reversal after rejecting the 127.200 level in January. The market structure shift has been bullish after testing the 127.200 demand level. Consequently, this resulted in the formation of higher highs and higher lows, establishing an uptrend. USDJPY Key Levels Demand […]
The USD/JPY has broken above the critical 150 level as traders watch closely for what comes next. This critical threshold is viewed as a potential trigger for intervention by Japanese authorities. Earlier today, the pair touched 150.77 briefly, only to retreat to 150.30 as profit-taking emerged. The market sentiment remains cautious as the yen gains […]
Market Analysis – October 23 USDJPY engineers reversal with a liquidity sweep and the mitigation of the bullish order block around the 129.800 region. As a result, a bullish trend is formed, and the 145.500 supply barrier is broken. USDJPY Key Levels Demand Levels: 138.800, 134.100, 129.800Supply Levels: 145.500, 151.150, 154.500 USDJPY Long-Term Trend: Bullish […]
Market Analysis – October 13 USDJPY turns bullish as whales utilize the rich liquidity region. The major low established in early August 2022 was exploited to foster an uptrend. Since then, the price has been steadily rising. The Bulls have relentlessly dominated the market. USDJPY Key Levels Demand Levels: 144.300, 139.500, 133.000 Supply Levels: 151.600, […]
