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Uj

Very Bearish on USDJPYThere is this cycle that the market undergoes, after a pump that seems unreal what follows is a hard dump .This scenario holds true in a lot of pairs I have examined and in various timeframes too. I understand that this is a game of probability and only the setup with the highest chances of success should be considered. This is my setup of UJ and my bias is very bearish and this bias is reinforced by the fact that the previous order block was violated creating a new high and this might seduce traders to open buy positions, collecting orders before the epic reversal.
Short
by niftypiiips
USDJPY 4Hour Analysis September 19th, 2021USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall we are still technically bearish as long as we are below 110.000 but DXY has shown to be very bullish. I am sticking to a bearish outlook because we have multiple levels of resistance and the technicals show that a short scenario is closer to happening than a long scenario. Look for lower highs below 110.000 to enter short on. Trade scenario 2: For us to enter long we need to see a break of resistance at 110.000 and also 110.300 where we have seen multiple fakeouts in the past. We will enter long when price action forms a higher low above these levels.
Short
by ForexLeague
USDJPY 4Hour Analysis September 12th, 2021USDJPY Bearish Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Definitely looking bearish here overall but we have recently been consolidating and forming a pattern. From here we’re looking for this recent break to follow through for confirmation. Once this happens we can enter short and target lower toward key support levels. Trade scenario 2: For us to consider UJ bullish we ideally need to break above 110.000/ 110.300 area with a confirmed higher low above.
Short
by ForexLeague
📢 Signal#:10 USD/JPY Execution by SteadyTradeAi As anticipated in the second quarter fundamental view, the Japanese Yen spent the bulk of the second quarter losing versus its main counterparts. Nonetheless, the rate of depreciation has reduced considerably as compared to the first quarter. Due to the continuous decrease in stock market volatility, it is doubtful that the anti-risk currency would attract much attention. There have been a few instances of short volatility in global mood, but no clear long-term pattern has developed. While a return in volatility remains a major source of upside potential for the Yen, the continuance of loose monetary policies globally may prevent the currency from depreciating substantially. Rather than that, the Yen's value will be closely linked to fluctuations in government bond rates. The major Yen index closely tracks the spread between Japan's and the United States' 10-year government bond rates. In contrast to their US counterparts, Japanese bond rates experienced a modest recovery in the second quarter. This comes as the Federal Reserve has frequently reaffirmed its dovish attitude, allaying fears of a faster-than-expected tapering of its bond-buying activities. However, the Fed's June rate decision showed that a beginning number of members think a rate rise is becoming more likely. As a result, expectations for policy tapering will very likely be raised. This is understandable considering the world's biggest economy's elevated inflationary pressures. On the other hand, the central bank believes that recent CPI rises are simply transitory. However, it is conceivable that pricing pressures will continue elevated. Given that the majors-based Yen index closely tracks the spread between Japan's and the United States' 10-year government bond rates, In contrast to their US counterparts, Japanese bond rates experienced a modest recovery in the second quarter. This comes as the Federal Reserve has frequently reaffirmed its dovish attitude, allaying fears of a faster-than-expected tapering of its bond-buying activities. However, the Fed's June rate decision showed that a beginning number of members think a rate rise is becoming more likely. As a result, expectations for policy tapering will very likely be raised. This is understandable considering the world's biggest economy's elevated inflationary pressures. On the other hand, the central bank believes that recent CPI rises are simply transitory. However, it is conceivable that pricing pressures will continue elevated. == == 📢 Signal#:10 🏦 OrderType: Buy 💰 OrderSize: 1.00 💱 Symbol: USDJPY 🇺🇸🇯🇵 📈 OpenPrice: 109.776 ⏰ Expiration: -/-- 🎯 TakeProfit: 0.000 🛑 StopLoss: 0.000
Long
by SteadyTradeAI
2
USDJPY 4Hour Analysis September 5th, 2021USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Price action has been consolidating around 110.000 and it looks we could finally be seeing the break lower. Look for price action to form a lower high with bearish setups for us to enter on. Look to target lower toward support around 109.150 Trade scenario 2: For us to consider UJ bullish we first need to see a large rally through 110.000. Because of the prior consolidation I would need to see a higher low closer to 110.250 before entering long.
Short
by ForexLeague
USDJPY 4Hour Analysis August 29th, 2021USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Most timeframes on UJ all point to bearish other than the weekly. At the current level on the 4hour it looks like we’re going to see our next bearish leg as major bearish volume can be seen entering the market. Ideally we can spot a minor retest/lower high with bearish setups that we can enter on. Look to target lower toward major support levels. Trade scenario 2: For us to consider UJ bullish we first need to see a break above 110.000 with a confirmed higher low above. We have seen many bullish fakeouts in this pattern on the 4hour so we really need to be sure 110.000 is broken before we can enter long.
Short
by ForexLeague
USDJPY 4Hour Analysis August 22nd, 2021USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Looking overall bearish but we have a large volume pattern so we’re ideally looking for the pattern to continue forming with price action falling to a new low. We’re looking for price action confirmation after this current lower timeframe support level is broken. Look to target lower toward 109.150. Trade scenario 2: For us to consider UJ bullish we need a strong higher low above 110.000.
Short
by ForexLeague
USDJPY 4Hour Analysis August 15th, 2021USDJPY Short Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Back to bearish! So we’ve recently seen a large amount of volume enter the market here on UJ. We’re looking for that volume to continue once we’ve confirmed where price action will be moving. Ideally price action retests 110.000, confirms the lower high then drops toward new support. Trade scenario 2: If price action breaks resistance at 110.000 and forms a higher low above we’ll consider looking for long opportunities.
Short
by ForexLeague
USDJPY 4Hour Analysis August 8th, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bullish Trade scenario 1: UJ turned bullish at the end of last week and closed with huge bullish momentum. To enter on this potential move we need more data, if we do continue with this new bullish trend it’s ideal that we see a higher low clearly above the prior area of consolidation. Trade scenario 2: For us to consider short scenarios we need a lower high below 110.000 with strong bearish setups to follow.
by ForexLeague
USDJPY 4Hour Analysis August 1st, 2021USDJPY Neutral Idea Weekly Trend: Bullish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Overall definitely bearish here on UJ. It looks like it could continue bearish but I doubt this momentum will sustain. I think it is more likely we will see UJ reverse at support and start to consolidate. Trade scenario 2: For us to consider UJ confirmed bearish we would ideally need to see a break below support here at 109.150 with a lower high below. With a lower high below that level we can comfortably take short positions and target toward new support levels.
by ForexLeague
USDJPY 4Hour Analysis July 24th, 2021USDJPY Long Idea Weekly Trend: Bullish Daily Trend: Bullish 4hour Trend: Bearish Trade scenario 1: Higher timeframes all point bullish on this pair and we’re looking good here on the 4hour but we’re still technically in an area of consolidation! Ideally we see a higher low form near the current level followed by strong bullish setups to enter long on. Look to target higher toward key resistance levels. Trade scenario 2: For us to consider UJ bearish we would at least need to see a break of support around 110.000 with a lower high confirmed below.
Long
by ForexLeague