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Usd-jpy

The Bullish Case for USDJPY ! A Comprehensive Analysis🌟The USDJPY is in a Bullish phase by ⤵️⤵️ 👌Price finally managed to break the Bullish Pennant. the price can easily reach the target after a little correction. 🌟 Bullish signals are: - Bullish Cup & Handle - Support zone - Pivot R1 monthly - Ascending Triangle ⭐ Note if the PRZ is broken downwards with the strength of Bearish candles from bottom Of the PRZ zone , this analysis of ours will be failed. ✅If this post was useful for you, like it ❤️ and if you think it is useful for your friends, be sure to send it to them. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ 🌍Thank you for seeing idea . Have a nice day and Good luck.
Long
by CobraVanguard
12
USDJPY Near the Channel's top. Start selling.USDJPY is trading inside a short term Channel Up. Every recent rise has ranged from +1.40% to +1.96%. The 4hour RSI is on 77.60 (Resistance A), the highest it has been since August 16th. All the above justify to start a selling sequence as long as the price doesn't cross over the Channel Up. Target the 4hour MA100 at 148.750. You can start shorting and target the 1day MA50 at 106.000. Previous chart: Follow us, like the idea and leave a comment below!!
Short
by TheCryptagon
1
USDJPY: Final rise before the pullback.USDJPY has been extending the fierce rise inside the Channel Up on a healthy bullish 1D technical outlook (RSI = 64.951, MACD = 0.990, ADX = 45.150). The 1D RSI has turned sideways since August 16th, a first indication that the uptrend might be losing steam. In our view, it is entering the last stage of this rise before a rejection to the 1D MA100 is materialized. See how every Resistance, prior LH of the 2022 decline has been filled and the final one is the R5 level at 152.000. If the pullback starts there, we will short and target the Fibonacci 0.5 level (TP 145.000), a similar structure that priced the July 14th Low. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
1
USDJPY 24/9/23UJ giving some of the cleanest price action from Thursday and Friday leading us into what we have now which is a swing range to go lower, now we can clearly see we are sitting close to the SWH and have created liquid above the relatively equal highs BUT overall we do want to see some lower prices, if we don't take the high at open and we break down lower id be more inclined to look for sells, as always we will jut wait till its our time to trade then get in where we see fit! 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 is extending the long term rally.The USDJPY pair is trading inside a Channel Up since the January 16th market bottom. The last Higher Low wasn't only supported at the bottom of the Channel but also the MA100 (1d) and Fibonacci 0.618 level. This is what happened on the August 2nd 2022 Low, when the pair was again trading inside a long term Channel Up. Trading Plan: 1. Buy on the current market price. 2. Buy if a (1d) candle closes above Resistance 1 (152.000). Targets: 1. 152.000 (Resistance 1). 2. 156.000 (-1 Fibonacci extension like on the October 21st 2022 High). Tips: 1. The RSI and MACD (1d) also show remarkable similarities with the 2022 fractal. The Fibonacci symmetry is strong indicating that both of our targets are well placed. Please like, follow and comment!!
Long
by TradingBrokersView
2
A SELL TRADE SETUP ON USDJPYHI Traders, USD/JPY's bullish rally seems to be running out of steams and bullish momentum is beginning to the weakened down showing some downside preparation. 📌 Currently, the price is forming up a bullish wedge pattern in the 8H chart of usd/JPY. 📌 The price is showing a very prolonged Divergence taking note of the RSI indicator revealing LL and LH when the price is technically showing HH and HL. 📌 Though the price is yet to break below the 2weeks bullish trendline, but it is most likely going to break before the end if the week. 📌 Technically, a break below the wedge lower band the market could start a new bearish momentum. 📌 Stay on a watchout.
Short
by Adefxc
USDJPY 17/9/23UJ giving us the reverse of GJ which is a bullish swing range with an unmitigated POI at its base, as a whole iam seeing a clear bis and entry for this setup, now of course we might not het this tap in, if we clash with red folder news we might get a shift out lower so just keep in mind! As we start this week iam looking for a test of our swing high to take the liquid then to shift lower into our POI. 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
USD/JPY Holds Steady as Investors Await Key US DataUSD/JPY Holds Steady as Investors Await Key US Data The USD/JPY pair is maintaining its positive stance, hovering around the 147.50 mark, as traders eagerly anticipate the release of crucial US economic data. Recent developments have provided mixed signals for both the US dollar (USD) and the Japanese yen (JPY). In the US, the Bureau of Labor Statistics reported that the August Producer Price Index (PPI) showed year-on-year growth of 1.5%, up from the previous reading of 0.8% and exceeding expectations. However, the annual Core PPI figure dropped slightly from 2.4% to 2.2%. Retail Sales in August grew by 0.6% on a monthly basis, surpassing estimations of 0.2%. Additionally, the US Department of Labor revealed that weekly Initial Jobless Claims totaled 220,000, slightly lower than the market consensus of 225,000. These data points indicate that the US economy remains resilient, and inflation rebounded in August. Despite the positive data, market expectations regarding the Federal Reserve's (Fed) monetary policy have not shifted significantly. It is widely anticipated that the Fed will maintain its current interest rate at the upcoming meeting scheduled for next week. The hawkish stance from the Fed continues to support US bond yields and the USD. On the other hand, the Bank of Japan (BoJ) has signaled that it will not consider an exit from its ultra-easy policy until wage and inflation data meet expectations. This stance has left the JPY vulnerable against other major currencies. In Japan, Machinery Orders for July showed a significant decline of 13% compared to the previous month, falling short of expectations. On a monthly basis, the figures dropped by 1.1%, further disappointing the market. Despite the dovish tone from BoJ officials, the lackluster economic data has failed to provide a boost to the JPY. Market participants will closely monitor the release of the US Empire State Manufacturing Index, Industrial Production, and the University of Michigan Consumer Confidence survey. These data releases could offer insights into the Federal Reserve's plans for the remainder of the year, just ahead of the upcoming Fed meeting next week. The USD/JPY pair is expected to remain influenced by these developments in the near term. Our preference Long positions above 147.00 with targets at 148.00 & 148.90 in extension.
Long
by FOREXN1
7
USDJPY LONG! EYES ON USD DATA!!Hey Traders, What we believe UJ price moves as mentioned on the chart, So we expect price to break just above and go higher, Therefore, how you can jump in this trend? Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency, So how we enter! Look I mentioned toppest green area, as soon as we confirm BMS in 1h or 30M, we can place an order in first POI bellow, so I will try to share with you guys as soon as I get the position So just be careful of data from USD as we have NFP at front, However still I believe, price can move higher and higher Any question comment me bellow, @FxShzd
Long
by FxShzd
USDJPY 10/9/23Starting things off with UJ we saw a clear bullish run last week and it looks as if we may seem this carry over into this coming week. from what we have structurally we are sitting at the high of a bullish swing range BUT without having a clear SWH formed, this leads us to believe that we could see a bearish open from our UJ pair. now of course we know the market will do as it pleases but if we do form a swing high we might be able to trade the c- swing POI lower into our range and possibly even our POI. As it stands we are looking for buy moves from our POI highlighted but until we have a confirmed target (SWH) we can only speculate. 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
USD/JPY Retreats from YTD High Amidst Stimulus Talks and ...USD/JPY Retreats from YTD High Amidst Stimulus Talks and Monetary Policy Divergence Introduction The USD/JPY pair has taken a step back from its Year-To-Date (YTD) high of 147.90 and is currently trading around the 147.40 mark in the Asian session on Thursday. This slight retreat comes on the heels of better-than-expected US data, which has propelled the US Dollar (USD) higher against its counterparts. In this article, we delve into the factors influencing the USD/JPY pair's movement and the key developments in the Japanese and US economies. Japanese Stimulus Measures in the Pipeline Recent reports from Kyodo News, citing anonymous sources, suggest that the Japanese government is contemplating the implementation of new economic stimulus measures in October. The primary objectives of these stimulus measures are twofold: to support companies in increasing wages and to reduce energy bills. This move reflects Japan's commitment to revitalize its economy amid ongoing challenges. Bank of Japan's Monetary Policy Stance Adding to the economic landscape, Bank of Japan (BoJ) policymaker Junko Nakagawa has emphasized the importance of maintaining an accommodative monetary policy for the time being. Nakagawa also noted that Japan has not yet achieved the BoJ's desired price stability. The divergence in monetary policies between the United States and Japan is a factor that may limit the upside potential of the Japanese Yen and serve as a tailwind for the USD/JPY pair. Japanese Economic Data Earlier this week, Japan reported a decline of 5.0% in Household Spending year-on-year for July, falling below market expectations of a 2.5% drop. This marks the sixth consecutive month of decline in household spending, highlighting the ongoing economic challenges facing Japan. Currency diplomat Masato Kanda has expressed a strong commitment to monitoring foreign exchange movements with a sense of urgency, emphasizing that all options are on the table. US Monetary Policy and Economic Data On the US front, market expectations center on the Federal Reserve (Fed) maintaining interest rates above 5% for an extended period. Fed Governor Christopher Waller has indicated that there is room to increase interest rates further, with data serving as the ultimate determining factor. Meanwhile, Fed Boston President Susan Collins has cautioned against an overly restrictive monetary policy stance, advocating for a patient and deliberate approach. The Institute for Supply Management (ISM) reported that the US ISM Services Purchasing Managers' Index (PMI) rose to 54.5 in August, surpassing the previous month's reading of 52.7 and beating the market consensus of 52.5. This marked the highest PMI reading since February. Although the S&P Global Composite's final readings slipped slightly in August, the US Dollar Index (DXY) still climbed to a near six-month high above 105.00 on Wednesday, buoyed by the positive data. Looking Ahead In the coming days, market participants will closely monitor the release of Japanese Gross Domestic Product (GDP) data for the second quarter, scheduled for Friday. Additionally, Labor Cash Earnings for July and Current Account data will be released from Japan's economic docket. Traders will carefully analyze these data points to identify potential trading opportunities within the USD/JPY pair, which remains sensitive to both domestic and international economic developments. Our preference Long positions above 147.00 with targets at 147.80 & 148.00 in extension.
Long
by FOREXN1
5
✨ NEW: USDJPY ✨ DT SWING✨-SL @ 150.00 🚫 SLO @ 148.90 (conservative) ⏳ SSO @ 147.75 (moderate) ⏳ TP1 @ 142.66 (shaving 25%) TP2 @ 139.15 (shaving 25%) TP3 @ 136.60 (shaving 25%) TP4 @ 132.60 (closing ALL Sell Orders) BLO @ 129.33 (1D) ⏳ -SL @ 128.25 🚫 ADDITIONAL INFO: 📈 Price Action is nearing our SLO. Just a few more pips to the upside, our SLO will trigger, and it's off to the bank after that. 📉 Let's catch this DT and enjoy the ride because it's gonna be a long one. 📉 Also, I placed a pending SSO, just in case we don't get our SLO filled
Short
by ProfessorCEWard