Get started

J-jpy

NZDJPY to continue in the upward move?NZDJPY - 24h expiry There is no clear indication that the upward move is coming to an end. A lower correction is expected. Risk/Reward would be poor to call a buy from current levels. A move through 90.75 will confirm the bullish momentum. The measured move target is 91.50. We look to Buy at 90.50 (stop at 90.18) Our profit targets will be 91.30 and 91.50 Resistance: 91.00 / 91.40 / 91.50 Support: 90.50 / 90.25 / 90.00 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDJPY Bullish above the 1D MA100, bearish below it.The USDJPY pair has been trading within a Channel Up since the March 08 High, giving us numerous opportunities to buy low and sell high (see chart below): Supported by the 1D MA100 (green trend-line) since April 17, the price is now within that and the 1D MA50 (blue trend-line) which has previously been the most optimal buy level within the Channel Up. Considering also the fact that the 1D CCI bottomed and bounced on November 21 on the -200.00 level, which has been the ultimate buy signal since the start of the year, the bullish sentiment is higher than ever. As long as the 1D MA100 holds, we will be bullish, targeting 154.000, which represents a +4.83% rise from the bottom, the minimum % rise within this pattern. If the price action closes a 1D candle below the 1D MA100, we will take the buy's loss and instead sell the break-out, targeting a potential contact with the 1D MA200 (orange trend-line) at 143.550. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
2
GBPJPY: Expecting further strengthPound has been in a long term downtrend, however breaking weekly highs and general sterling strength I believe we will see momentum continue to build an push this pair up to monthly highs. I think the Yen will start to improve against the dollar due to dollar weakness, this generally means that other crosses perform well against it, and we're seeing this with the likes of the Aussie. I'm seeing a rising dynamic trendline on the 4HR that I believe will be tested and respected, so I'll likely be going in on a LTF confirmation around the rising trendline.
Long
by Finchcliffe
USDJPY 26/11/23Unlike the other USD pairs this pair is being powered by a secondary which is the JPY of course we know we are in a bullish range here as we can see clearly from the swing high and swing low representation but we have to keep in mind even though bullish price action is probable we are getting very close to the 15O level which is the BOJ intervention level and we do not want to get caught up with any moves powered by them. Main target for me here is to take lungs from the lower end of this range and trade to the high of the range I do not wish to try and trade outside of this range because we will be too close to the 150 level.
by rosshayes
GBP/JPY November 26 2023 - Idea.My students, whom I have taught how to trade forex, have almost two years that they know that the price is likely to reach 200.00. If we look at it with a naked eye, without technical analysis, just by recognizing chart patterns, we see a double bottom formation, whose neckline has been broken and retested. The next move? Towards the resistance at 192-200. (3M) On the 1-month chart, we can observe more rejections than in the weekly view. Around the 150 zone, we broke the neckline of (3M), and then this zone has been retested several times. After the retest and subsequent rejection, the price started to rise towards 180,000 - 185, where it stayed for several months. Now, we see that we have had four days where this candle is closing, and it's actually performing well. On the daily chart, we notice that it's at a point where a potential higher high (HH) could be formed now. On the chart, we see that there is a resistance that has been broken. If it stays above this resistance, which is now acting as support, upon retesting, if it reacts well, a buy could be considered up to 190-192 initially. In case it doesn't hold above this zone, then I would prefer the price to drop to around 185 to see another opportunity for a buy.
by KIKOFXMASTER
GBPJPY: Trend is still bullishFrom a technical point of view, the trend is bullish on intraday chart, and OANDA:GBPJPY pair could trigger another bullish leg in the short term. If we look on 1H chart, the price remains within a narrow trading range, and this means volatility compression. In this technical context, if the price remains above 184.552 a breakout on the bullish side should be logical. If this happens, we will need to look for potential Targets and in this case the formation of a Harmonic Pattern could help us. If we look at the harmonic structure (for us it's bullish) in the window, we see 2 Targets: 186.34 and 186.83 . HARMONIC PATTERN ZOOM ========================== TRADING STRATEGY ================= If this analysis is correct, wait for the completion of wave 1 and try to take a long position on retracement, with stop loss below wave 1 or better below 184.552 Trade with care Like | Share | Comment
Long
by TheAnonymousBanker
12
USDJPY - Bullish Pullback ExpectedThe USD/JPY has been on a bit of a slide since last Thursday, hitting an eight-week low of around 147.40 during Tuesday's European session. Right now, it's eyeing the 147.00 mark as immediate support, right after a 38.2% Fibonacci retracement at 146.32. The US Dollar (USD) is taking a dip, reaching a nearly three-month low due to some less optimistic outlook from the Federal Reserve (Fed). This is a big reason why the USD/JPY pair is going down. If this trend continues, it might lead to more bearish movements, possibly heading towards the psychological support around 146.00. If it breaks that level, we could see the pair going down to around 144.60. But, on a positive note, there might be a bit of an upswing first. The major barrier is at 147.50, and if it breaks through that, we might see some support at 148.00. If things go well, the USD/JPY could explore levels around 149.00 or even 150.00. Considering recent liquidity key levels created, we might see a bounce back to those price levels highlighted on the chart, possibly around the 62/70 fibs zone before it continues its downward movement. Since we're near the end of the year, prices might hang around in that zone for a bit before heading further down. What do you think? Please feel free to comment below!
by financialflagship
2
NZDJPY to form a lower high?NZDJPY - 24h expiry We are trading at overbought extremes. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. The hourly chart technicals suggests further upside before the downtrend returns. Preferred trade is to sell into rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 90.90 (stop at 91.30) Our profit targets will be 89.90 and 89.70 Resistance: 90.99 / 91.70 / 92.65 Support: 89.70 / 88.70 / 87.90 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
USDJPY NEUTRAL TO BEARISH SCENARIOThe recent market dynamics have showcased a resurgence in the USD following signals from the Federal Reserve indicating a prolonged period of stringent interest rates despite the apparent conclusion of the rate-hike cycle. Conversely, the JPY has encountered a mixed landscape amid speculations surrounding the Bank of Japan's potential departure from negative interest rates. Notably, technical indicators are shaping the narrative for the USD/JPY pair. The MACD signaling sell positions and the RSI maintaining a neutral stance reflect a complex outlook. Analysts are eyeing support levels at 146.04, with the pivot point positioned at 148.19. These technical markers suggest the potential for the price to encounter resistance levels at 150.41. Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
by legacyFXofficial
CHFJPY possible expansionAfter price broke structure with momentum, it began to retrace aggressively. This was to ensure that it takes out all internal structure liquidity that accumulated during the previous expansion. Since the pair has been moving bullishly, the strong low should hold and the high should be taken out as some of the uptrend properties. Price has now approached an extreme demand that lines up with our golden zone properties for extra confirmation. Since price has now nearly cleared up all internal liquidity, it could clear the rest and precede use this demand zone to expand further up to take out the latest weak high.
Long
by BlackTygaTrades
EURJPY: Important Key Levels to Watch 🇪🇺🇯🇵 EURJPY started a correctional movement. Here are the important key levels to watch. Support 1: 160.43 - 160.85 area Support 2: 158.90 - 159.60 area Support 3: 157.72 - 158.14 area Support 4: 156.52 - 157.18 area Support 5: 154.39 - 154.90 area Resistance 1: 164.18 - 164.30 area Watch carefully these supports. From one of those, a bullish trend-following movement may initiate. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1