USDJPY USD I am expecting it go lose value over this xmas. my last idea got taken down from entry but ill re upload with more details.
BOJ has been improving the YEN its not overbought.
Usd-jpy
USDJPY 1 HOUR IDEA HELLO GUYS THIS MY IDEA 💡ABOUT USDJPY is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
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Weekly / Intraday Analysis - (19 - 23 Dec 2022)At FOMC monetary policy last Thursday, Santa Powell threw a flash grenade at the market leaving everyone stunned and paralyzed.
Fundamental wise, although the FED's minor shift in monetary policy reducing rate hikes to 50 BPS from 75 BPS, it is still considerably a stronger rate hike as compared to 25 BPS in terms of rate hikes as a whole. Accompanied with Santa Powell's firm speech on fighting inflation and reducing rate hikes to 2% which is floating at 4.5% as we speak, the FED still have a long and tough road ahead.
KIV: Russia's rumor on selling OIL against GOLD WILL result in a rally on gold and demise of the dollar. If this news is to be proven true, GOLD may break ATH and double in value to USD 3600/ ounce even.
On the technical standpoint, after every major rally/ dive in markets, we will have a pull back on gold and the dollar, as per seen gold has broken its bullish market structure from 1616 KL. Its highs printing at 1824 KL and LL at 1777 KL. What we want to be looking at will be gold forming LH and LL instead of breaking previous highs to signify a reversal towards 1616 KL taking price level by level.
Will be giving a few scalps and intraday plays:
Scalp
Buys:
- 1795 - 1808 KL
- 1815 - 1824 KL
Sells:
- 1775 - 1768 KL
Intra-day
Sells:
HRHR : 1822 KL
MRMR: 1811 KL
Safer: 1765 KL
Buys:
HRHR: 1795 KL
MRMR: 1815 KL
Safer: 1825 KL
Range plays:
HRHR sells: 1804 KL
MRMR sells: 1795 KL
USDJPY H4: Bullish outlook seen, further upside above 137.80On the H4 time frame, prices are facing bullish pressure from the support zone at 134.00 and a break above the upside confirmation level at 137.80 could provide the bullish acceleration to the resistance zone at 145.30. The upside confirmation level at 137.80 coincides with the 23.6% Fibonacci retracement level. Prices are holding above the 50EMA and Ichimoku cloud as well, supporting the bullish bias.
USDJPY 4hour Analysis December 18th, 2022USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: Looking overall bearish still but this week we are waiting for reactions near our 137.000 zone.
If we are to continue bearish we need to see strong rejection from 137.000 with lower highs below. Look to target lower toward key support levels.
Trade scenario 2: For us to consider UJ bullish again we first need to see a break above 137.000 with a higher low above.
USDJPY next movement in the next week ?The US dollar against the Japanese yen may return to the bullish path next week, after the US Federal Reserve raised interest rates and stated that it will continue to raise interest rates in the coming year. All this may increase the strength of the dollar.
Here, the dollar is seen breaking a downtrend on the four-hour time frame and testing it, and for this I expect the rise to continue towards higher targets.
The four golden rules of trading
1 Don't be greedy
2 Always use stop loss
3 Never add other positions to the losing positions
4 Use a suitable lot for your account
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USD/JPY:BUY Setup After Positive USD Unemployment Claims LONG The USD Take advantage yesterday after the positive news about the Unemployment Claims with a strong bullish candle and the bias from the market changed positively for the USD currencies. The price today may continue the new bullish rally with a new upwards. We are Looking for a new bullish impulse.
InvestMate|USD/JPY Reaching A Resistance Zone💱💱USD/JPY Reaching A Resistance Zone
💱As I wrote recently about the possibility of the start of an upward movement on USD/JPY:
💱Yes, and we have lived to see the continuation of the uptrend in recent days.
💱The price has returned to the vicinity of 138.
💱The resistance zone and support remain unchanged.
💱Given the trend and the fact that the support zone was tested again.
💱Looking also at the fact that we are above both the 50 and 200 moving averages and that the MACD and RSI are generating pro-growth signals I am not worried about the direction of the trend.
💱The scenario I am playing out remains unchanged, a continuation of the rises to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
USDJPY:Fed warns of more rate hikesHey traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 137.1 zone, once we will receive any bullish confirmation the trade will be executed.
Trade safe, Joe.
USDJPY bullish confirmation
Hi viewers, USDJPY after today events we can see changes in market, expecting USD domination on JPY
TP1: 139.100 (150)
TP2: 139.600 (200)
TP3: 140.100 (250)
USD/JPY:SELL From Resistance Area FIBO Level SHORT Setup USD/JPY yesterday had a solid reaction to the FOMC release news with a bullish impulse. Today's price may be affected by the release of the US Initial Jobless Claims and the Retail Sales MoM and the Core Retail Sales m/m that shows a decrease in the total sales value at the retail level. Technical Analysis shows the price in a resistance Area in confluence with Fibonacci levels where the value can have a change of direction. The Main trend is still Bearish from our point of view. Looking for a Short setup.
USD/JPY ShortAccording to the analysis provided in the chart , my commitment in this trade will be shorting the USD/JPY. I have set three take profits level . I will allocate 0.33% for each trade of my total account balance. RISK ON YOUR OWN!
USDJPY H8: Bullish outlook seen, limited upside above 135.20On the H8 time frame, prices are testing the demand zone at 135.20 in line with 78.6% Fibonacci retracement where we could see a further upside above this zone, to the next resistance zone at 138.50. The 138.50 resistance zone is a graphical area that was tested multiple times as a support before prices broke below this level and coincides with the Fibonacci confluence levels. Stochastic is testing support at 3.07 as well where we could see a bounce above this level, in line with prices.
USDJPY a new short opportunity 🦐USDJPY after my previous analysis moved as expected in bearish price action.
The market closed the last week below a daily structure and IF the market will retrace and test it we will consider a nice short order 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.
Joe Gun2Head Trade - Short term double topTrade Idea: Selling USDJPY
Reasoning: Short term double top. Looking for lower prices.
Entry Level: 135.42
Take Profit Level: 133.35
Stop Loss: 135.90
Risk/Reward: 4.36:1
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.
UJ should drop more before going upIf you pay attention to the candles you can see that downtrend wants to continue. simply look at what the price is doing at the right time.
USD/JPY:SELL From Resistance Level and 61.8% FIBO SHORT SetupUSD/JPY in the last session retested the resistance area in confluence with the 61.8% Fibonacci level inside a bearish channel and today, the price may have a new bearish impulse following also the positive news about the EUR and GBP zone. Our Analysis is about a new Bearish impulse by the USD against the JPY.
DUAL OPPORTUNITY SHORT COME BEFORE BULLS Considering the order flow from a day traders perspective ,price has been finding it way to the downside indicating the strength of the YEN over the USD .
That being considered hence the eminent bias to short the pair ,but caution should be put in place due to the upcoming CPI data and after that both zones should be watched closely
USDJPY 4hour Analysis December 11th, 2022USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend.
Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level.
Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
USDJPY Still downward channel but bullish signal emergedThe pattern on the USDJPY pair is a Channel Down since the trend reversed on October 21st. As long as the price stays inside this Channel, the trend will remain bearish with each lower Fibonacci level a potential target.
The MACD though has pushed the first major buy signal of this downtrend as it made a bullish cross last Friday. As a consequence, if USDJPY breaks above the Channel Down, we will most likely see a (counter?) rebound to the 1D MA100 (green) and 1D MA50 (blue). This will be the most important test to see if this new bearish trend will be sustained. Break above will invalidate it, rejection will confirm it.
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SIGNIFICANT SCENARIO ON USDJPY !!!By examining the situation of this currency pair, we find that the structure has fundamentally shifted to the downside. And according to the specified liquidity, it is expected that it will touch the most important order block that has been set and lead to the main drop.
💱USD/JPY Chance For A Correction💱USD/JPY Chance For A Correction
💱Following my last analysis in which I brilliantly predicted declines to a support zone:
💱This time it is time to try to attack the upward correction.
💱In my opinion, there is a high probability of the price reaching the area around 140 where there is a cluster of two fibo levels. The first level is 1.618 of the entire current downward wave. The second level is 0.236 of the upward wave from the 2016 bottom to the 2022 peak.
💱The support zone is set around the last bottom of the current downward wave.
💱 As can be seen, the MACD histogram also indicates a higher probability of the continuation of the upward trend.
💱RSI is also positioned at the 50 zone, testifying to the key decision point where the price is located.
💱The scenario I'm playing out is an attempt to attack the most significant resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.
💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.
🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
USDJPY Potential DownsidesHey traders, in the coming week we are monitoring USDJPY for a selling opportunity around 136.9 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
