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, […]
The Japanese yen staged a recovery on Wednesday, bouncing back from an 11-month low against the U.S. dollar. The sudden surge in the yen on the previous day had tongues wagging, with speculation rife that Japan had intervened in the currency market to bolster its weakening currency, which had tumbled to its lowest point since […]
Market Analysis – September 30 USDJPY experienced a temporary bearish trend in late October 2022. The bearish break in structure halted the bullish trend. The crash in price managed to break through both the demand levels at 137.400 and 131.200, but its momentum weakened as the market structure shifted. USDJPY Key Levels Demand Levels: 137.400, […]
Market Analysis – September 21 USDJPY is steadily rising without any signs of reversal. Since early March 2023, the market has been experiencing a continuous upward trend following a break in its structure. The price of USDJPY is steadily climbing towards the 151.800 level, which has become the target for the bullish trend. USDJPY Key […]
Market Analysis – September 14 USDJPY retreats into the Fair Value Gap. The market analysis for USDJPY suggests a positive outlook in both the long and short term. The price has been consistently rising since late February, with minimal pullbacks. USDJPY KEY LEVELS Demand Levels: 145.000, 137.100, 130.00 Supply Levels: 151.800, 155.100, 160.000 Long-Term Trend: […]
Market Analysis – September 12 USDJPY market structure remains bullish. The market has established a new bullish break-off structure, indicating its resilience and positive outlook. Since the double bottom formation in July, the price has been consistently rising, creating a strong upward trajectory. Key Levels for USDJPY Demand Levels at 145.00, 141.60, and 138.10 Supply […]
