Just an update of USDJPY Long
Because I decided to publish my "moves" now, there are positions that are live and developed further from entries. Im just trying to show my approach my reasoning and management.
As for technical analysis goes. We had a break down of JPY strength With alot of LTF warnings but now even the daily gave us BOS. With this my confidance rank closed above 90% confirmig confluence with fundemental analysis and I took a long position.
For the fundamental analysis the long USDJPY position is fundamentally supported by the policy divergence between the Fed and BoJ, stronger U.S. economic data, yield differentials favoring the USD, and the USD’s relative safe-haven appeal. If the BoJ maintains its accommodative policies and the Fed stays hawkish, USD/JPY could see further upside.
so the update, technical analysis, yesterdays bear close did warn us, but thats pretty much it, one signal is just that a signal and nothing more, decisions to actually act need to be derived with confluence and proof.
Fundamentals still support the Long position and so does the chart.
As for technical analysis goes. We had a break down of JPY strength With alot of LTF warnings but now even the daily gave us BOS. With this my confidance rank closed above 90% confirmig confluence with fundemental analysis and I took a long position.
For the fundamental analysis the long USDJPY position is fundamentally supported by the policy divergence between the Fed and BoJ, stronger U.S. economic data, yield differentials favoring the USD, and the USD’s relative safe-haven appeal. If the BoJ maintains its accommodative policies and the Fed stays hawkish, USD/JPY could see further upside.
so the update, technical analysis, yesterdays bear close did warn us, but thats pretty much it, one signal is just that a signal and nothing more, decisions to actually act need to be derived with confluence and proof.
Fundamentals still support the Long position and so does the chart.
Trade active
Technical Overview
Clear Road Ahead: The pair has decisively broken above key resistance levels, indicating bullish momentum. With limited technical barriers until the next major high, the path appears clear for continued gains.
Risk Management: As the price rides this upward trend, it is crucial to manage risk appropriately, adjusting stops to recudce and/or remove risk, while allowing room for the trade to breathe in the event of short-term pullbacks.
Fundamental Outlook
The combination of strong U.S. fundamentals, ongoing Fed hawkishness, and Japan’s dovish stance solidifies bullish outlook for USD/JPY. I expect the pair to maintain its upward trajectory in the near term, especially if upcoming U.S. data further supports dollar strength.
Keeping an eye on U.S. inflation and labor market data, as well as any unexpected commentary from BoJ officials. Additionally, geopolitical risks must be monitored, as they could impact yens behavior.
Note
The USD/JPY long position has experienced a period of decline; however, the U.S. dollar continues to maintain its fundamental strength. To mitigate potential downside risks, I have removed all risk from the position, securing a profit of 85 pips. Should the price breach the established market structure, the position will be closed accordingly. Trade closed: stop reached
85pips profit.
Looking for technical conformations and possible reentry opportunities.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.