FUND Buy 04.07.2024 12:44
USD/JPY: medium-term fundamental background remains negative for the yen
The USD/JPY pair is moving within a long-term upward trend. Yesterday, the price reached a yearly high of 161.95 but today it has lost some of the gained positions.
TECH Buy 03.07.2024 09:18
USD/JPY: candlestick analysis
On the four-hour chart, the USD/JPY pair is moving within an uptrend, renewing local highs and holding at 161.65 during morning trading.
FUND Buy 02.07.2024 08:47
USD/JPY: the price range expands, clearing the way for the "bulls" to new local highs
The USD/JPY pair continues moderate growth, renewing record highs. The instrument is holding near 161.65, while trading participants expect new drivers to appear on the market.
TECH Buy 01.07.2024 11:14
USD/JPY: quotes of a trading instrument are approaching the resistance level of 161.70
USD/JPY quotes continue their upward movement with a target of 161.70 after the publication of American data on the Personal Consumption Expenditures — Price Index.
TECH Buy 25.06.2024 08:29
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) forms. Now, a correction has ended as the fourth wave of the lower level iv of 3, and the fifth wave v of 3 is forming, within which the wave (iii) of v is developing. If the assumption is correct, the USD/JPY pair will grow to the area of 165.00–170.00. In this scenario, critical stop loss level is 155.78.