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Usd-jpy

USDJPY: CURVE ANALYSIS (1D)-SL @ 151.95 🚫 SLO @ 147.59 (conservative) ⏳ SSO @ 146.84 (moderate) ⏳ TP1 @ 143.60 (shaving 25%) TP2 @ 139.60 (shaving 25%) TP3 @ 136.70 (shaving 25%) TP4 @ 132.20 (shaving 25%) TP5 @ 129.60 (closing ALL Sell Orders) BLO @ 128.50 (1D) ⏳ -SL @ 127.22 🚫 NOTES: PA has been hanging out in the Supply Zone for over 95 days!!! 📉 AND NOW, it's ready to tank from here ✨ TECHNICAL ANALYSIS The USDJPY is currently trading at 147.243, down 2.2769% from the previous close. The pair is currently in a downtrend, as evidenced by the following technical indicators: — Moving averages: The 20-day, 50-day, and 200-day moving averages are all sloping downwards. This suggests that the downtrend is likely to continue. —Relative strength index (RSI): The RSI is currently at 32.25, which is below the 30 level that is considered to be oversold territory. This suggests that the pair may be due for a bounce. — MACD: The MACD is currently below the signal line, which is another indication that the downtrend is likely to continue. ✨ FUNDAMENTAL ANALYSIS The USDJPY is a popular currency pair to trade because it is considered to be a safe haven currency. This means that investors tend to buy USDJPY when they are worried about the global economy. The Japanese yen is also considered to be a currency that is sensitive to interest rate differentials. This means that the USDJPY tends to rise when interest rates are higher in the United States than in Japan.
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by ProfessorCEWard
1
US Dollar Steadies as Market Awaits Economic Data, Yen SoftensIn early European trading, the US dollar steadied near a one-week high against a basket of currencies, holding at 103.559 on the Dollar Index. This stability follows a period of weakness in November, marked by traders anticipating significant rate cuts by the Federal Reserve in the coming year. However, recent actions have seen a shift in sentiment as investors scaled back on dovish expectations, waiting for crucial economic indicators this week, including job openings, ISM services activity data, and the highly anticipated nonfarm payrolls report on Friday. Amid this anticipation, the Japanese yen experienced a slight dip against the dollar, trading at 147.08, influenced by concerns over inflation. Tokyo's Core CPI for November showed a decrease to 2.3%, down from October's 2.7% and below the expected 2.4%. The Bank of Japan remains cautious about tightening its monetary policy despite persistent inflation above the 2% target, citing the need for sustained wage growth for long-term inflation sustainability. The BoJ's upcoming meeting in mid-December will be closely watched for any potential policy shifts. As for the US, focus is on the imminent release of the ISM Services PMI, being for November hovering around 52.7 after October's decline to 51.8. Meanwhile, technical analysis for USD/JPY indicates resistance levels at 148.77 and 147.72, with support at 146.48 and 145.96 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.
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by legacyFXofficial
USDJPY: Bottom of Channel Up. Time to decide.USDJPY is trading inside a Channel Up since the start of the year, with the 1D technical outlook just turning red (RSI = 40.803, MACD = -0.760, ADX = 32.756) as the price reached its bottom under the 1D MA100. The 1D RSI shows a rounded bottom, as it did on March 24th, so it is an optimal level to buy and target the R1 level (TP = 152.000). Since though the November 13th top and rejection happaned on that R1 level itself, it is not impossible to see the Channel Up finally break and start a long term correction. Consequently if the price crosses under the dotted trendline, we will target the 1D MA200 initially (TP1 = 143.050) and following a relief rebound, eventually aim for the S1 level (TP2 = 138.085). See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
USD/JPY Remains Bearish Trend: What Comes Next?After descending from a double top formation at 151.54, USD/JPY established a support level at 148.25. However, it has recently breached this support, indicating a potential move towards the next support level at 145.53. Investor attention was captivated early on Friday by Japan's unemployment data. The unemployment rate saw a decline from 2.6% to 2.5% in October. Additionally, the jobs-to-applications ratio edged up from 1.29 to 1.30, reflecting further positive developments in the job market, despite expectations for these figures to remain steady. The strengthening labor market in Japan may bolster consumer spending. Increased consumer activity could spur demand-driven inflation, which might lead to a shift in the Bank of Japan's monetary policy, particularly regarding the current negative interest rates.
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by Official_4e
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
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 PipSurfingSociety
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
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
USDJPY: Trendline breakout, wait for retestLooks like USDJPY has broken down through the rising trendline, there was a slight recovery at the backend of Friday, this indicates we could see a short retracement from here to test the trendline break, and then down. The Yen performed well at the start of Friday, I don't believe this was BoJ intervention, as they have said that they expect the fundamentals to play out - we'll see, bad data from JPY this week may necessitate intervention, however good data on Friday (PMI) will I think be enough to start the recovery process for the Yen. If Japan looks like it's going to have a soft landing then I think markets will reward the Yen with a more positive sentiment and this could mean we get a lot of good action for these crosses. I think the USD is done being bullish for now (even the hawkish speakers cannot convince the markets), so either way I think we'll see this pair fall, so monitoring LTF's for a suitable entry / rejection from the retest point. A break below 148.5 will see a more sustained move to the downside, imho.
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by Finchcliffe
USDJPY 19/11/23USD JPY in a bearish range as it was from Thursday we created our swing low and confirmed our swim pines we're now waiting for every sweep of the swing high for continuations down or a break out of this range lower which we can then continue to follow into this new bearish range. Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan. We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
by PipSurfingSociety
USDJPY Analysis 10-11-23Yesterday, we were anticipating that the USDJPY could trade lower on further weakness of the DXY. However, as the DXY strengthened, we see the USDJPY trade higher to approach the key resistance level of 151.70. Expect to see choppy price action at this level, but the overall directional bias should see the USDJPY retest the resistance level and possibly even 152 before a possible reversal (either due to an intervention from the BoJ or just due to an accumulation of sell orders at the resistance level)
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by JinDao_Tai
1