FUND Buy 18.03.2024 09:18
USD/JPY: Japanese trade union group Rengo said it had reached an agreement with companies on wages
The USD/JPY pair shows multidirectional dynamics: the instrument remains near 149.15, and trading participants expect new drivers to emerge. This week, a block of macroeconomic data is expected to be published, and investors will focus on the results of the meetings of the US Federal Reserve and the Bank of Japan.
TECH Buy 15.03.2024 08:40
USD/JPY: wave analysis
Growth is possible.
On the daily chart, the third wave of the higher level (3) formed, a downward correction ended as the fourth wave (4), and the fifth wave (5) develops, within which the wave 3 of (5) started. Now, the first wave of the lower level i of 3 is forming, within which a local correction has ended as the wave (iv) of i, and the wave (v) of i is developing. If the assumption is correct, the USD/JPY pair will grow to the area of 155.00–160.00. In this scenario, critical stop loss level is 146.40.
FUND Sell 14.03.2024 10:51
USD/JPY: correction after exiting the ascending channel 151.00–148.00
The USD/JPY pair is trading at 147.92, developing the strong “bullish” momentum that has allowed it to retreat from the lows of February 2, renewed at the end of last week.
FUND Buy 11.03.2024 11:48
USD/JPY: strong Japanese GDP data – driver of the yen growth
The USD/JPY pair is trading at 146.85, preparing to continue its decline amid the publication of Japanese macroeconomic data.
TECH Sell 06.03.2024 08:17
USD/JPY: candlestick analysis
On the four-hour chart, there is an impulse overcoming by quotes of the lower boundary of the uptrend in the form of a "bearish" candlestick analysis pattern Marubozu under the resistance level of 150.89, as well as the formation of Shooting Star and Bearish Engulfing reversing formations in the range of 150.89–149.98, signaling that the asset may reach an area of high prices followed by a downward reversal.