Usd-jpy
USDJPY Potential DownsidesHey Traders, in this week we are monitoring USDJPY for a selling opportunity around 144.800 zone, USDJPY was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching the retrace area at 144.800 support and resistance area.
Trade safe, Joe.
USDJPY 30/7/23US dollar to the Japanese yen gave us another bullish range to the upside now with this range we have had a very weak break and we have not yet formed our swing high so we're waiting for the high to be formed before we confirm this range overall I believe we will see this push higher as our other pairs are looking as if they may want to push bearish through the week so this will correlate directly with the DXY and what we expect for the US dollar as a whole as always follow price action until we proved wrong continue to follow your ranges.
USDJPY Potential DownsidesHey Traders, in tomorrow's trading session we are monitoring USDJPY for a selling opportunity around 141.400 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 141.400 support and resistance zone.
Trade safe, Joe.
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY is trading in a bullish trend.
The price recently started a correctional movement and dropped to a major rising trend line.
A big double bottom was formed on that.
To buy the market with a confirmation, wait for a bullish breakout of its horizontal neckline.
IF the market breaks and closes above 142.0 level,
I will expect a bullish continuation at least to 144.7 level.
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USDJPY to turnaround at 50% retracement?USDJPY - 24h expiry
Bespoke support is located at 139.60.
A Fibonacci confluence area is located at 139.60.
The overnight dip has been bought into and there is scope for further bullish pressure going into this morning.
There is scope for mild selling at the open but losses should be limited.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
Further upside is expected and we look to set longs in early trade.
We look to Buy at 139.72 (stop at 138.98)
Our profit targets will be 141.50 and 142.10
Resistance: 140.74 / 141.50 / 142.10
Support: 139.72 / 139.37 / 139.03
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.
USDJPY 24th july US dollar to the Japanese yen gave us a pretty similar scenario to the British pounds of the Japanese yen we broke bullish providing a huge range powered by news and fundamentals we now have located the lowest half of the range with our unmitigated order block we are looking for price to run back to this order block and continue pushing higher. Based off of the price action we have seen in Monday's session I am not expecting this to pull back to our poi I am expecting this to run the high though and continue moving higher.
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!
✨ MODIFICATION: USDJPY ✨ SWING TRADE (1D/3H) ✨00:00 Swing vs Position Trades
01:45 Supply / Resistance
02:36 Entries and Targets
04:16 Intermediate vs High Time Frame
05:43 Demand Zone (3H)
07:42 Day Trade Opportunities
10:37 Boost, Follow, Comment, Join
MAJOR RESISTANCE @ 149.00
-SL @ 147.60 🚫
SLO2 @ 146.60 (conservative) ⏳
SLO1 @ 145.15 (aggressive) ⏳
SSO1 @ 143.10 (aggressive) ⏳***
SSO2 @ 142.95 (moderate) ⏳
SSO3 @ 142.70 (conservative) ⏳
TP1 @ 142.25 (2D) (shaving 25%)
TP2 @ 139.00 (3H) (shaving 25%)
TP3 @ 135.75 (2D) (shaving 25%)
TP4 @ 131.50 (12M) (closing ALL Sell Orders)
MAJOR SUPPORT @ 130.50
BLO1 @ 129.15 (1D) ⏳
BLO2 @ 128.15 (1D) ⏳
-SL @ 126.75 🚫
***PLEASE NOTE:
SSO2 and SSO3 are NOT annotated on the chart, but are listed here as alternative Sell Stop Orders
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USDJPY Potential DownsidesHey Traders, in the coming week we are monitoring USDJPY for a selling opportunity around 142.000 zone, USDJPY was trading in an uptrend and successfully managed to break it out. currently is in a correction phase in which it is approaching an important resistance area of 142.000.
Trade safe, Joe.
USDJPY Confirmed buy signal.The USDJPY crossed today over the 1day MA50 after 10 days. The pattern is a 6 month Channel Up.
The 1day MACD is close to forming a Buy Cross, the first under the 0.00 level since the April 7th.
This is a confirmed buy signal. Buy and target a little under Resistance A at 144.800.
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USDJPY bullish week = more upsideDay 47/100
Contrary to popular forecasts, my current USDJPY outlook is leaning to the upside
Fundamental Catalysts:
- Fed rate hikes
- BoJ policy updates
Bullish base-case:
- Fed remains hawkish using tight jobs markets as reason to continue on "hawkish" path
- BoJ will remain dovish // not as hawkish as expected
If base-case is wrong, only then I'll be considering further downside
Technicals
- This week rejecting 138 key pivot area
- If it closes bullish this week, more upside is to come; a push back into 145
🥂
USDJPY Low risk trades at the bottom of the Channel Up.The USDJPY pair is below the 1D MA50 (blue trend-line) and almost hit the 1D MA200 (orange trend-line) on Friday, nearly making a Higher Low at the bottom of the 4-month Channel Up. As long as the 1D MA200 holds, we will take a low risk/ high reward buy towards Resistance and target 144.500.
If the price closes below the 1D MA200, it would be a Channel Down bottom breach, which would translate into a sell, targeting initially the 0.618 Fibonacci at 134.000 (also above Support 1) and the 0.786 Fibonacci at 131.500 in extension (also above Support 2).
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USDJPY 16th JulyWith no true BOS up on this pair we are still looking to track this lower out of our sell range we have here on UJ, as always whatever price delivery is giving us we will follow... for now we are only within our sell range so we can expect this to stay in line with that narrative.
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!
USD and JPY : UP or Down ? dollar and yen
It has exited from its very good 112-day ascending channel, but it has reacted well to its 128-day support and has now entered the pullback channel.
When the market opens, wait for the confirmation candle and pin bar to open the right position.
Don't forget capital management and compliance with risk to reward.
Good luck and profitable.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 139.500 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 139.500 resistance zone.
Trade safe, Joe.
USDJPY, D1 | Potential bounce off major supportPrice is approaching a major 23.6% Fibonacci retracement which also happens to line up with a pullback support.
There is a fair bit of bullish momentum with an ascending support line and a bullish ichimoku cloud.
A bounce from here could see prices rise to retest the recent swing high at 144.73.
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Usdjpy 2nd july Pretty easy markup here on usdjpy we have seen a bearish setup last week which missed by a small amount and now we have a new POI to enter in on and head down lower with the order flow we saw at the end of last week.
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!
✨ NEW: USDJPY ✨ DT (3M/1D) ✨SLO2 @ 154.90 ⏳
-SL @ 149.00 🚫
SLO1 @ 146.50
TP1 @ 131.00 (shaving 25%)
TP2 @ 117.75 (shaving 25%)
TP3 @ 108.15 (shaving 25%)
TP4 @ 108.15 (shaving 25%)
BLO1 @ 80.60 ⏳
BLO2 @ 77.85 ⏳
TIMELINE
00:00 SHOUT OUT TO BRAD MCAFEE
00:40 FXCM Historical Data
02:05 Institutional Buying Range
02:54 Price Action
03:35 Supply Zone
04:47 Shaving at each TP
05:15 Institutional Ranges / Movement
06:38 Secondary Supply and Stop Loss
08:15 Going LONG now is an Aggressive Entry
08:50 Boost, Follow, Comment, Join
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USDJPY continues to rise.USDJPY - 24h expiry
Broken out of the channel formation to the upside.
Reverse trend line support comes in at 142.05.
Bespoke support is located at 141.42.
A Fibonacci confluence area is located at 142.93.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 142.93 (stop at 142.58)
Our profit targets will be 143.75 and 144.00
Resistance: 143.75 / 143.87 / 146.65
Support: 142.93 / 142.65 / 141.42
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.