Market Analysis – November 12 USDJPY turned bullish in October after breaking above the 144.500 level and breaching a bearish trendline anchored by swing highs from August and September. Since this reversal, the market structure has maintained a pattern of higher highs and higher lows, reflecting sustained bullish momentum. USDJPY Key Levels Demand Levels: 149.410, […]
Market Analysis – August 21 USDJPY currently finds itself in a correction phase, following a pause in the recent price descent upon reaching the demand level at 142.660. The retracement has displayed lethargic price movement, characteristic of a market correction. Currently, price action is inching towards the supply zone at 151.940. USDJPY Key Levels Demand […]
Market Analysis – June 14 The USDJPY market has re-established its bullish trajectory following a recent downturn. The price has surged past the previous swing high of 157.70 on the daily chart, indicating renewed upward momentum. This upward movement is projected to challenge the resistance level at 160.40, where the price previously encountered a significant […]
Market Analysis – April 12 The USDJPY currency pair has recently surpassed the critical resistance level of 152.0, marking a significant development in its price trajectory. Despite encountering persistent resistance at this level, characterized by diminished volatility and price stagnation, recent market activity has shown a noteworthy shift. A symmetrical triangle pattern has prominently formed […]
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 […]
