empty
16.01.2025 07:06 AM
Technical Analysis of Intraday Price Movement of USD/JPY Main Currency Pairs,Thursday January 16, 2025.

This image is no longer relevant

On the 4-hour chart of the main currency pair USD/JPY, there are appearance of Bullish AB=CD Harmonic pattern, where the confirmation of its price movement moving below the EMA 21 and the appearance of convergence between the USD/JPY price movement and the RSI indicator (5) confirms that in the near future USD/JPY will continue to weaken again, where as long as there is no strengthening that breaks through the 158.50 level, this currency pair will continue to weaken, where the 155.21 level will be tested in the near future and if this level is successfully broke and closes below it, USD/JPY will head to the PRZ (Point Reversal Zone) area, namely point D in the range of 154.44-153.76.

(Disclaimer)

Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

Trading Signals for EUR/USD for February 17-19, 2025: sell below 1.0500 (21 SMA - 6/8 Murray)

In case EUR/USD consolidates above 1.0498, it could extend its bullish movement and reach the top of the bullish trend channel around 1.0535. In case EUR/USD breaks this zone

Dimitrios Zappas 15:49 2025-02-17 UTC+2

Trading Signals for BITCOIN (BTC/USD) for February 17-19, 2025: buy above $ 97,000 (21 SMA - 200 EMA)

A consolidation above 97,500 could favor the recovery of Bitcoin. We could expect it to reach the 200 EMA located around 98,591 and it could finally test the psychological level

Dimitrios Zappas 15:47 2025-02-17 UTC+2

Trading Signals for GOLD (XAU/USD) for February 17-19, 2025: buy above $2,908 (21 SMA - 5/8 Murray)

Early in the American session, gold is trading around 2,898 within the bullish trend channel forming since February 20, below the 21 SMA, and above the 5/8 Murray. Gold maintains

Dimitrios Zappas 15:45 2025-02-17 UTC+2

EUR/USD – February 17th. Traders Are Hesitant at the Start of the New Week

On Friday, the EUR/USD pair consolidated above the 76.4% Fibonacci retracement level at 1.0458, continuing its upward movement toward the next retracement level at 1.0533. This trend may continue into

Samir Klishi 12:39 2025-02-17 UTC+2

GBP/USD – February 17th. Has the British Pound Reached Its Limit?

On the hourly chart, GBP/USD continued its upward movement on Friday, closing near the resistance zone of 1.2611–1.2620. A rejection from this zone may lead to a reversal in favor

Samir Klishi 12:34 2025-02-17 UTC+2

Forex forecast 17/02/2025: EUR/USD, USD/JPY, GBP/USD and Bitcoin

Useful links: My other articles are available in this section InstaForex course for beginners Popular Analytics Open trading account Important: The begginers in forex trading need to be very careful

Sebastian Seliga 10:40 2025-02-17 UTC+2

Technical Analysis of Intraday Price Movement of CAD/JPY Cross Currency Pairs, Monday February 17, 2025.

With the appearance of the Bullish Divergence pattern, it seems that CAD/JPY on the 30-minute chart has the potential to strengthen as long as there is no further weakening that

Arief Makmur 08:18 2025-02-17 UTC+2

Technical Analysis of Intraday Price Movement of GBP/CHF Cross Currency Pairs, Monday February 17, 2025.

From what we see on the 4-hour chart, the GBP/CHF cross currency pair appears to be moving within the bullish Pitchfork channel, especially confirmed by the appearance of the Bullish

Arief Makmur 08:18 2025-02-17 UTC+2

BCH/USD – Weekly Results and Outlook

The final support level of the monthly Ichimoku cross at 329.98 has been reached. The market took a pause last week, remaining influenced by this level. If bears succeed

Evangelos Poulakis 05:29 2025-02-17 UTC+2

EUR/USD and GBP/USD – Technical Analysis

The bulls have managed to recover much of their previous losses, closing above the short-term weekly trend at 1.0357. If this bullish momentum continues, the pair could further advance

Evangelos Poulakis 23:21 2025-02-16 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.