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, […]
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 […]
