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Usd-jpy

USDJPY Outlook 6th March 2023The USDJPY reversed strongly from the 137 round number resistance level, trading lower through the session on Friday, ending the week at the 135.80 price area. This move lower, as we know was due to the weakness in the DXY, hence, if the weakness continues, the USDJPY could continue trading lower, down to retest the 135.35 key support level. The USDJPY could see significant volatility this week, given that the JGB 10yr yield had recently breached the 0.5% ceiling and the BoJ monetary policy statement is due to be released (and it is Kuroda's last meeting as Governor). If the price breaks below the immediate support level, the USDJPY could see significant downside potential, with the next key support level at the round number level of 134.
Short
by JinDao_Tai
2
USDJPY Outlook 3rd March 2023Overnight, the USDJPY climbed steadily to the upside, reaching the recent high and round number resistance level of 137. However, the price failed to break the resistance level, retracing lower down to the current level of 136.61. While further upside could be expected especially if the DXY continues to strengthen, watch out for significant volatility on the Japanese Yen with the recent news that the Japanese bond yields have again risen above the 0.5% ceiling previously set by the BoJ. On 20th December 2022, when the BoJ increased flexibility by increasing the bond yield ceiling, the USDJPY spiked from the 137.17 level down to 133.50 within the hour. In the meantime, look for the USDJPY to consolidate along the current price level (supported by the 23.6% Fibonacci retracement level) before trading higher again with the 138 key resistance level a target level.
Long
by JinDao_Tai
4
USDJPY Potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for USDJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 135.228, to ride the bullish momentum. Stop loss will be at the overlap support at 134.452 which is my buy entry. It’s worthy to note that there is an intermediate resistance at 135.962, where price might struggle to break through. Take profit will be at 137.657, where the previous swing high was. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
USDJPY: Decider level for buy or sell. Trade accordingly.The USDJPY pair is testing the 1D MA200 with 1D technicals overbought (RSI = 69.263, MACD = 1.310, ADX = 58.730). Unless the price crosses above the R1 (138.215), the current level is the ideal sell entry. TP1 = 133.700 (above the 1D MA50) and if the price closes under the 1D MA50 then TP2 = 128.000 (above the S1). The Death Cross is supporting the idea of a long term downtrend, however if the price closes above the R1 it makes a Higher High and invalidates this. In that case buy (TP = 142.000, under R2). ## 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 on an ascending triangle ? 🦐The USD/JPY pair has been in an uptrend for the past hours, with higher highs and higher lows. However, the price has started to consolidate and create equal highs and rising lows, indicating a potential formation of an ascending triangle pattern. An ascending triangle is a bullish continuation pattern that typically forms during an uptrend. It consists of a horizontal resistance level and a rising trendline support. Traders often view this pattern as a bullish signal because buyers are willing to push the price higher and absorb any selling pressure near the resistance level. Traders usually wait for a breakout confirmation to enter into a long position. A breakout occurs when the price breaks above the horizontal resistance level with a significant increase in volume. This breakout confirms that buyers have taken control of the market and that the uptrend is likely to continue. Based on the above analysis, traders can wait for a potential breakout above the horizontal resistance level of the ascending triangle pattern to confirm the uptrend continuation according to the Plancton's strategy rules.
by InkyGrip
17
USDJPYHi USDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
USDJPY Outlook 1st March 2023The USDJPY broke out of its previously narrow consolidation along the 136.50 price level but failed to find a clear directional bias. Overnight, the price fluctuated between the price range of 135.75 and 137, due to the volatility of the DXY. Currently, the price has continued to trade along the 136.50 price level and could continue to consolidate along this level in the short term. However, as the USDJPY is still on a significant uptrend, look for a potential break of the 137-round number resistance level to signal a confirmation of the uptrend, with the next key resistance level at 138. Support for the continuation of the uptrend comes from recent comments from the BoJ have suggested that the new Governor will stick with Kuroda line of an ultra-easy monetary policy for now and has indicated that the benefits of the BoJ stimulus outweigh the side effects.
Long
by JinDao_Tai
USDJPY Potential Forecast | 1st March 2023Fundamental Backdrop BOJ Ueda Spoke on Monday, he didn't announced anything new, and it was widely expected that he was in favor of maintaining the current policy unchanged at -0.10%. Overall I am expecting USDJPY to continue bullish. Technical Confluences 1. The overall bias for USDJPY on the H4 chart is bullish. To add confluence to our bias, price is above the Ichimoku cloud and along an ascending trend-line. 2. Expecting price to head towards the resistance at 137.800 level before potentially reversing back down. Idea I will be looking for price to possibly retest the support at 135.400 intersecting with the ascending trend-line before continuing bullish towards the resistance at 137.800. NOT FINANCIAL ADVICE DISCLAIMER The trading related ideas posted by OlympusLabs are for educational and informational purposes only and should not be considered as financial advice. Trading in financial markets involves a high degree of risk, and individuals should carefully consider their investment objectives, financial situation, and risk tolerance before making any trading decisions based on our ideas. We are not a licensed financial advisor or professional, and the information we are providing is based on our personal experience and research. We make no guarantees or promises regarding the accuracy, completeness, or reliability of the information provided, and users should do their own research and analysis before making any trades. Users should be aware that trading involves significant risk, and there is no guarantee of profit. Any trading strategy may result in losses, and individuals should be prepared to accept those risks. OlympusLabs and its affiliates are not responsible for any losses or damages that may result from the use of our trading related ideas or the information provided on our platform. Users should seek the advice of a licensed financial advisor or professional if they have any doubts or concerns about their investment strategies.
Long
by OlympusLab
USDJPY Approaching the 1D MA200, last test December 20.The USDJPY pair is about to make contact with the 1D MA200 (orange trend-line) for the first time since December 20 2022. This is just below the 138.210 Resistance (December 15 High). With the 1D RSI overbought (70.00), we deem this level as the best sell opportunity on the medium-term, targeting first the 1D MA50 (blue trend-line) and the dashed Higher Lows trend-line in extension that provided Support in January. A 1D candle closing above the Resistance would be a bullish break-out and we will close the sell and instead target Resistance Zone 1. A closing below the dashed Higher Lows trend-line, would be a bullish break-out, targeting Support Zone 1 and the January 05 2021 Higher Lows trend-line in extension. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Joe Gun2Head Trade - USDJPY Stalling as 5th wave completes?Trade Idea: Selling USDJPY Reasoning: USDJPY Stalling as 5th wave completes? Entry Level: 136.725 Take Profit Level: 135.36 Stop Loss: 137.05 Risk/Reward: 3.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDJPY Potential Rise to overlap resistance Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, the price is also along an ascending trendline. Looking for a pullback buy entry at 134.189 where the overlap support is, take profit at 142.047 where the overlap resistance is, and stop loss at 128.152 where the recent overlap swing low is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Bullish on USDJPYI've been very bullish on the USDJPY (sustained yen weakness combined with US dollar strength) A couple of conditions have led to this bullishness 1) Got interested; price broke above the downward trendline 2) First confirmation; price broke above the 23.60% Fibonacci level (133 price level) Now I'll be additionally bullish if the price breaks above the 38.2% Fibonacci retracement level, which could bring the target level of 142.20 within sight (this also aligns with the 61.8% fib level) Now to watch if BoJ Governor Nominee Ueda makes any drastic changes. No changes to the monetary policy could support further upside moves on the USDJPY
Long
by JinDao_Tai
2
USDJPY Potential for Bullish rise to Previous swing highLooking at the H4 chart, my overall bias for USDJPY is bullish with the current price being above the Ichimoku cloud. To add confluence to this bias, the price is along an ascending trendline. Looking for a pullback buy entry at 133.854, take profit at 139.855 where the previous swing high and 50% Fibonacci line are, and stop loss at 130.456 where the support is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
3
USDJPY Potential for Bullish Rise to 50% Fibonacci Line Looking at the H4 chart, my overall bias for USDJPY is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. To add confluence to this bias, the price is also along an ascending trendline. Looking for a buy entry at 134.487 which is the overlap resistance to overlap support. take profit at 139.786 where the 50% Fibonacci line is, and stop loss at 132.871 where the 23.6% Fibonacci line is. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
1
USDJPY Potential for Bullish Rise | 24th February 2023Looking at the H4 chart, my overall bias for USDJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 135.454, to ride the bullish momentum. Stop loss will be at 134.452 which is the overlap support. It’s worthy to note that there is an intermediate resistance at 135.962, where price might struggle to break through. Take profit will be at 137.657, where the previous swing high was. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
USDJPY Potential for bullish rise to overlap resistanceLooking at the H4 chart, my overall bias for USDJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 135.228, to ride the bullish momentum. Stop loss will be at the overlap support at 134.452 which is my buy entry. It’s worthy to note that there is an intermediate resistance at 135.962, where price might struggle to break through. Take profit will be at 137.657, where the previous swing high was. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
USDJPY Potential for Bullish Rise | 23rd February 2023Looking at the H4 chart, my overall bias for USDJPY is bullish with the current price being above the Ichimoku cloud , Looking for a buy stop entry at 135.228, to ride the bullish momentum. Stop loss will be at the overlap support at 134.452 which is my buy entry. It’s worthy to note that there is an intermediate resistance at 135.962, where price might struggle to break through. Take profit will be at 137.657, where the previous swing high was. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
1
USDJPY can make new impulse? 🦐USDJPY on the 4h chart after the previous idea broke and retest the resistance level as expected. The price also broke the descending trendline creating a potential long setup opportunity. How can i approach this scenario? IF the price will break the minor resistance level we can consider a buying setup according to the Plancton's strategy rules. ––––– Follow the Shrimp 🦐 Keep in mind. 🟣 Purple structure -> Monthly structure. 🔴 Red structure -> Weekly structure. 🔵 Blue structure -> Daily structure. 🟡 Yellow structure -> 4h structure. ⚫️ Black structure -> <4h structure. Here is the Plancton0618 technical analysis , please comment below if you have any question.
by InkyGrip
6
Joe Gun2Head Trade - USDJPY break out yesterday?Trade Idea : Buying USDJPY Reasoning: Closing break above 134.65 on daily Entry Level: 134.70 Take Profit Level: 136.72 Stop Loss: 133.91 Risk/Reward: 2.48:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre