Usd-jpy
USDJPY Approaching a significant support areaHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 148.200 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.200 support and resistance area.
Trade safe, Joe.
USD JPYMy analysis on USD JPY, I use limit orders so I don't need to be in front of the chart all day.
To consider this a good entry there are certain criteria to follow:
1. Clean BoS with IMB.
2. * Look for areas where liquidity has been purged.
3. * Stochastic: in uptrend 0-15, in downtrend 85-100.
( * ) = Not optional but increases our probability.
I use Fibonacci to get these extreme points and my preferred one is 75% retracement, with a risk-reward of 1:3.
Set and forget.
Trade carefully,
This is not financial advice, DYOR.
UJ could have a little upside more,note BOJ and FED ratesHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
This week gonna be a hectic week for most of the majors with the interest rate news. There are levels to watch on UJ and catch up with me on my streaming to hear me out on deeper analysis!
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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USDJPY Potential Continuation to upsidesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area.
Trade safe, Joe.
USDJPY Potential UpsidesHey Traders, in tomorrow’s trading session we are monitoring USDJPY for a buying opportunity around 147.600 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 147.600 support and resistance area.
Trade safe, Joe.
USDJPY: Excellent buy opportunity.USDJPY is bearish on its 1D technical outlook (RSI = 41.212, MACD = -0.110, ADX = 47.052) but not only is the price making a rebound on the 1D MA200 but the 1D RSI is also staging a rebound from nearly oversold levels, much like it did on July 13th 2023. All this price action is taking place inside a long term Channel Up pattern, so this is a buy opportunity with significant upside potential. Our target is the top of the Channel (TP = 160.00).
See how our prior idea has worked out:
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USDJPY Bullish for the rest of the year. Sell in 2025.This time we view the USDJPY pair from a very long-term perspective as there has been much confusion lately over its trend and we want to put things into context. As you can see on the 1M time-frame, the price is getting out of a consolidation phase (blue ellipse) that has been lasting for a little more than a year. The rally since the January 2021 bottom has been enormous but this is not the first time that the pair is pulling out something similar.
Since the April 1995 bottom, there have been another 2 such rallies (Nov 1995 - Aug 1998 and October 2011 - June 2015) of +85% and +66.75% respectively. The first peaked marginally below the 1.382 Fibonacci extension while the second marginally above it.
This indicates that the pair still has considerable room to extend this rally to and the confirmation is that it ust got out of the blue consolidation phase. The previous two give us a Sell Zone within 171.630 - 190.500. As a result, we will stay bullish on USDJPY probably until the end of the year and start selling in 2025 after the price enters the Sell Zone.
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USDJPY - Short Trade Idea (ICT)This is a short trade idea for the Gopher.
There are equal highs as a target above, but I believe we will possibly head to the downside first towards the sellside liquidity and a signature Weekly R2F Gap, coupled with a refined Daily and 6h gap.
What I will be looking for is a convincing shift in market structure and displacement on a lower timeframe to validate this narrative, of course, at an appropriate day of week and time of day.
Let's see how this plays out!
- R2F
USDJPY is approaching a significant level.Hey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.000 zone, USDJPY is trading an uptrend and currently is in a correction phase in which it is approaching the trend at 149.000 support and resistance area.
Trade safe, Joe.
USDJPY pull back go on long still on the table Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Long on pullbacks should be still the theme,jpy is weak.
Long on other jpy crosses can take a look at well.
Do check out my stream video for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
USD JPY Zone Sell Confirm long Target Conversely, in the scenario of sellers regaining control and driving the exchange rate lower, support appears at 149.70 and 148.90 thereafter. Continued losses beyond these thresholds may lead to a pullback towards 147.50 in the near term.
USD/JPY outlook: Extended consolidation above trendline support to precede push towards key barriers
Confirm long Target
USD/JPY looks set to perk up heading into the weekendThe 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish trend structure on this timeframe, the bias is for a move back to the week's high with room for a run for 150.80.
USD/JPY: CPI Fundamentals Shape Trading OpportunitiesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area. Additionally, the recent release of robust CPI data in the United States has contributed to the bullish sentiment surrounding the USD. The Consumer Price Index (CPI) figures surpassed expectations, indicating a potential uptick in inflationary pressures. This positive economic data has bolstered the strength of the USD, consequently impacting currency pairs like USD/JPY. Trade safe, Joe.
USDJPY: Evaluating Fundamental Strength Amid CPI SurgeHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area.
Looking at the fundamental aspect, recent CPI data in the US has shown a notable increase, indicating potential inflationary pressures. Considering the CPI data for February, which came in at 0.4% versus the expected 0.3%, and the previous month's 0.3%, it suggests a growing trend in inflation. This upward trend in inflation may influence the Federal Reserve's monetary policy decisions, possibly reducing the likelihood of rate cuts in the upcoming months.
Trade safe,
Joe.
USDJPY Bullish within a Double Channel UpThe USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows.
The 1D RSI indicates that we might be in a similar spot as May 22 2023 of the previous Bullish Leg of the Megaphone, a structure that peaked on the 1.786 Fibonacci extension level on the Higher Highs trend-line. Before pursuing that target though (161.900 = 1.786 Fib), we will settle for the top of the blue Channel Up at 154.000.
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** 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. **
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BUY TRADE SETUP ON USDJPYHey Traders,
Check this analysis out on USDJPY. The pair had been trending toward the upside for quite some time. Now, it had broken the immediate resistance that could cause a bit of pressure that sellers could take advantage of, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a short trade.
Keep a close tab on this one.