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Usd-jpy

USDJPY Bearish reversal towards the 1W MA50The USDJPY pair eventually took the bearish path last time we made a trading plan (November 28 2023, see chart below) and hit the 143.550 Target: The price has now made a short-term (at least) top as the 1D RSI got rejected near the 70.00 Overbought barrier. As a result we are expecting a reversal towards at least the 1W MA5 (red trend-line), which has been the long-term Support as it formed the bottoms (and subsequent rebounds) of December 28 and July 14 2023. As a result our Target is 143.000, even though the downtrend may very well extend as low as the Higher Lows trend-line. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Buy USDJPY Triangle Breakout USD/JPY M30 Triangle Breakout Hints at Potential Upswing A bullish triangle pattern has emerged on the USD/JPY 30-minute chart, suggesting a possible shift in momentum towards the upside. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This consolidation has now given way to an upside breakout, potentially indicating a renewed bullish trend. Buy Entry Opportunity: The break above the triangle's upper boundary around 148.10 presents a potential buying opportunity. Bullish Targets: If the upward momentum continues, initial targets could be found at the resistance levels of 149.04 and 149.43. Risk Management: To manage potential downside risks, a stop-loss order could be placed below the triangle's lower support at 147.70 Additional Considerations: Keep an eye on broader market sentiment and economic releases from both the US and Japan, as they can influence the currencies' relative strength. Employ proper risk management practices, including appropriate trade sizing and stop-loss orders, to safeguard your capital.
Long
by KABHI_TA_TRADING
3
Potential turning on UJ h1?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too! The higher timeframe is still on the upside, just that pullback could be there and do take note of the tuesday rate news by BOJ 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. *********************************************************************
by Shadowing_The_Big_Boys
Connecting the Dots: CPI Numbers and USDJPY OpportunitiesIn today's trading session, our attention is on USDJPY, as we monitor a potential buying opportunity around the 147.500 zone. USDJPY, currently in an uptrend, is in a correction phase, approaching the trend at the 147.500 support and resistance area. Adding a fundamental layer to our analysis, let's consider the recent Consumer Price Index (CPI) data. Examining the CPI figures from the past months, there has been a gradual decrease, with the most recent data showing a CPI of 3.4%, surpassing the forecasted 3.2% and slightly down from the previous month's 3.7%. Now, let's connect this data to potential USD strength. A stable inflation environment can contribute to a stronger US dollar, as it signals economic stability and confidence. With the recent CPI figures, indicating a balance between inflation and expectations, there is potential for the USD to gain strength. Traders looking to engage in USDJPY should keep an eye on both fundamental and technical aspects. As always, trade safe.
Long
by JoeChampion
3
Sell USDJPY Triangle PatternUSD/JPY M30 Triangle Breakout Signals Potential Downtrend A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement. Key Points: Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a period of indecision before a decisive move. Sell Entry: A break below the lower support line of the triangle, around 148.10, could signal a bearish breakout and offer a potential sell entry. Targets: Potential bearish targets are located at the support levels of 147.16 and 146.60. Stop Loss: A stop loss can be placed above the upper resistance line of the triangle, around 148.50, to manage risk. Additional Considerations: Market Sentiment: The overall market sentiment and fundamental factors influencing both the USD and JPY will also impact the pair's price action. Economic Data: Keep an eye on upcoming economic data releases from both the US and Japan, as they could influence the currencies' relative strength. Risk Management: Employ proper risk management strategies, including appropriate trade sizing and stop-loss orders, to protect your capital. Fundamental Factors : 1. Mixed US Housing Data Dampens USD Strength: Earlier on Friday, mixed US housing data, including weaker-than-expected housing starts but a surprising rise in building permits, cast doubt on the strength of the US economy and capped gains for the dollar. This could put downward pressure on USD/JPY. 2. Weak Japanese Machinery Orders Add to Downside Risks: Japan's core machinery orders, a key indicator of future capital spending, unexpectedly declined in November, raising concerns about the health of the Japanese economy. This could lead to increased safe-haven demand for the Japanese yen, weakening USD/JPY further. 3. Rising Global Risk Aversion Favors JPY: Heightened geopolitical tensions and ongoing recession fears in some economies are prompting investors to seek safe-haven currencies like the yen. This could contribute to a decline in USD/JPY. Thank you
Short
by KABHI_TA_TRADING
8
USDJPY's Breakout and Economic IndicatorsGreetings Traders, In today's trading session, our focus shifts to USDJPY, where we are actively monitoring a potential selling opportunity around the 144.600 zone. After trading in an uptrend, USDJPY has experienced a significant breakout to the downside. The currency pair is currently navigating a correction phase, steadily approaching the critical retrace area at the 144.600 support and resistance zone. A deeper analysis involves considering recent economic indicators. The Federal Open Market Committee (FOMC) and Consumer Price Index (CPI) data play pivotal roles in understanding the broader economic landscape. The most recent FOMC meeting revealed a dovish stance, with an emphasis on supporting economic recovery. Additionally, the CPI figures highlight inflation easing, contributing to the cautious approach of the central bank. Moreover, the latest Institute for Supply Management (ISM) figures underscore the challenges faced by the U.S. manufacturing sector, with the index slipping to 50.6, below both the forecasted 52.5 and the previous 52.7. This unexpected downturn in manufacturing adds a layer of complexity to USDJPY's correction phase, potentially furthering the weakening of the U.S. dollar. As USDJPY hovers around the 144.600 level, traders should exercise vigilance and consider the broader economic context when making trading decisions. The confluence of technical and fundamental factors enhances the significance of this monitoring session, urging traders to remain adaptable to evolving market conditions. Trade safe, Joe.
Short
by JoeChampion
2
UJ at a flip zoneHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Looking at a potential double bottom to break to the upside, if that doesnt happen UJ likely gonna move lower ,waiting for h1 confirmation... 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. *********************************************************************
by Shadowing_The_Big_Boys
USDJPY to see a limited rally?USDJPY - 24h expiry The medium term bias remains bearish. Trading within the Channel formation. The sequence for trading is lower lows and highs. Risk/Reward would be poor to call a sell from current levels. Preferred trade is to sell into rallies. We look to Sell at 143.25 (stop at 143.85) Our profit targets will be 141.75 and 141.35 Resistance: 143.25 / 143.75 / 144.50 Support: 142.25 / 141.50 / 140.60 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
Charting USDJPY: A Comprehensive Fundamental ExaminationGreetings Traders, In the current trading session, our focus is squarely on USDJPY, where we are actively evaluating a potential selling opportunity around the 143.300 zone. As USDJPY navigates a downtrend, the ongoing correction phase places it in proximity to the trend at the pivotal 143.300 support and resistance area. This analysis takes a deep dive into the fundamental landscape, delving into key indicators such as the Federal Open Market Committee (FOMC) decisions and Consumer Price Index (CPI) data. Commencing with the FOMC, the most recent meeting held on December 13, 2023, maintained the interest rate at 2.00%. While the rate itself remains stable, the accompanying rhetoric from the Federal Reserve has exhibited a consistently dovish tone. The central bank's commitment to supporting economic growth amidst inflationary pressures suggests a cautious approach to monetary policy. This dovish stance has potential ramifications for USDJPY, as a weaker dollar could contribute to further downsides. Shifting our attention to the CPI data, the latest figures indicate a year-over-year inflation rate of 1.2% for October 25, 2023. This marks a slight increase from the previous 0.8%, though still below the FOMC's target. The easing inflation is a critical factor influencing the dovish stance, allowing the Federal Reserve flexibility in its approach to interest rates. Analyzing the interest rate differentials between the United States and Japan further amplifies the potential for USD weakness. As of December 14, 2023, the Federal Reserve's interest rate stands at 2.00%, whereas the Bank of Japan has maintained a consistent interest rate of -0.10%. This stark contrast highlights the divergence in monetary policy approaches, potentially placing downward pressure on the USDJPY pair. Considering the technical downtrend in USDJPY and the dovish fundamentals, traders must exercise caution and consider the broader economic context. The interplay of interest rates, inflation, and central bank policies creates a nuanced environment that demands a comprehensive understanding for informed decision-making. In conclusion, as we monitor USDJPY for a selling opportunity around the 143.300 zone, the confluence of FOMC decisions, CPI data, and interest rate differentials underscores the potential for USD weakness. Traders are urged to approach this opportunity with a keen awareness of the intricate interplay between technical and fundamental factors shaping the currency pair. Best of luck in your trades, Joe
Short
by JoeChampion
1
USDJPY Looking BearishOn the Monthly chart, this pair is currently retracing bearish inside a Bullish PB. On the Weekly, we can see that this pair is in a large bearish grind. We sent out a bearish analysis a few weeks back. If you didn't see it, be sure to take a look at it. Let's go further down in our analysis of this pair. On the Daily Chart, this pair has continued its bearish push, and it is currently holding 3 PBs to the downside. The story is not different on the 4-hour chart. The market is making 5 PB down on the 4 hour chart, and 4 PB down on the 1 hour chart. It is not very often to find a pair that aligns on bias across all of its timeframes. Here is a rare exception. To take our trade, we will be waiting for price to retrace bullish into our refined zone. When that happens, we will look to jump on the trade using the Panz Pips trader checklist.
Short
by PanzyPips
Navigating Trends:USDJPY Selling Opportunity Amid inflation easeThe current downtrend of USDJPY reflects a sustained downward trajectory, with the currency pair currently navigating a correction phase. This correction is steadily approaching the trend at the critical 142 support and resistance area, a numerical level of historical significance. The convergence at this juncture presents an opportune moment where the ongoing correction may interact with substantial market forces, potentially offering strategic entry points for traders. Delving into the macroeconomic landscape, the recently released Consumer Price Index (CPI) data reveals a noteworthy trend of easing inflation. Examining the data points from October 25, 2023, where the actual inflation rate of 1.2% surpassed the forecast of 1.1% and the previous 0.8%, it becomes apparent that inflation figures have been gradually moderating over recent quarters. This evolving inflation scenario may significantly influence the decisions of the Federal Open Market Committee (FOMC) in the upcoming meetings. As we look ahead, the expectation is that the FOMC could adopt a dovish stance, given the trend of easing inflation. These insights gleaned from the shared CPI data present a compelling narrative, suggesting a potential weakness in the dollar in the early months of the next year. Trade safe, Joe.
Short
by JoeChampion
USDJPY Bottom of Bullish Megaphone. Long-term buy.USDJPY is on the MA200 (1d) on top of the Rising Support Zone. That is the bottom layer of the long term Bullish Megaphone pattern, a very strong rebound range. Trading Plan: 1. Buy on the current market price and as long as the price stays on the Support Zone. Targets: 1. 151.980 (Resistance 1, the previous High). Tips: 1. The RSI (1d) has formed a Double Bottom exactly on the oversold 30.00 level. An additional strong buy signal. Please like, follow and comment!! Notes: Past trading plan:
Long
by TradingBrokersView
USDJPY Potential DownsidesIn today's trading session, our primary focus is on USDJPY, where we are actively monitoring a potential selling opportunity around the 142.500 zone. Presently entrenched in a downtrend, USDJPY demonstrates a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 142.500 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. Our strategic approach for today involves a meticulous assessment of optimal entry points within the identified 142.500 zone. Aligning our trading decisions with the ongoing downtrend and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified selling opportunity within the broader context of USDJPY's current trend.
Short
by JoeChampion
USDJPY Potential DownsidesIn today's trading session, our attention is focused on USDJPY, as we actively monitor a potential selling opportunity around the 142.600 zone. Having previously traded in an uptrend, USDJPY has recently undergone a notable shift, successfully breaking out of the uptrend. Presently, the currency pair is in a correction phase, gradually approaching the retrace area at the crucial 142.600 support and resistance zone. This numerical level holds significance as both a historical support point and a pivotal juncture where the ongoing correction may encounter notable market forces. Our strategic approach for today involves a careful assessment of optimal entry points within the identified 142.600 zone. Aligning our trading decisions with the recent trend reversal and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified selling opportunity within the broader context of USDJPY's current trend.
Short
by JoeChampion
USDJPY Potential DownsidesIn today's trading session, our primary focus is on USDJPY, as we carefully monitor a potential selling opportunity around the 145 zone. Presently entrenched in a downtrend, USDJPY demonstrates a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, steadily converging towards the trend at the pivotal 145 support and resistance area. This numerical level holds significance as both a historical support point and a crucial juncture where the correction may intersect with substantial market forces. Our strategic approach for today's session involves a thorough assessment of optimal entry points within the identified 145 zone. Aligning our trading decisions with the ongoing downtrend and the potential market dynamics at the critical support and resistance area is crucial. Navigating the correction phase with precision is key as we aim to capitalize on the identified selling opportunity within the broader context of USDJPY's current trend.
Short
by JoeChampion
1