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Usd-jpy

💱USD/JPY Time for correction💱💱USD/JPY Time for correction 💱The Japanese yen has shown strength in the last week, on Tuesday we moved down more than 4% due to the Bank of Japan's intervention. 💱After landing on a strong support zone, we began to form a small upward correction. 💱In my opinion, there is a chance that it will even reach the vicinity of the nearest resistance zone, after which there is a good chance for the continuation of declines. 💱The technical environment is still very pro-downtrend, but in my opinion, from the current levels, there is little chance for the continuation of the declines. 💱The scenario I am playing out is the execution of an upward correction, after which I will watch and look for opportunities to continue the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. 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.🚀
Long
by InvestMate
17
💡USDJPY - Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 141.696, resumption of downtrend is expected. We make sure when the support at 130.351 breaks. If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid. We will close our open trades, if the Midterm level 141.696 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 138.175 on 12/15/2022, so more losses to support(s) 131.500 and minimum to Major Support (130.351) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index ( RSI ) is 36. Take Profits: 145.094 141.696 139.340 137.355 134.672 131.500 129.442 126.409 121.271 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity
1
💡USDJPY - Weekly Technical Analysis UpdateMidterm forecast: While the price is below the resistance 141.696, resumption of downtrend is expected. We make sure when the support at 130.351 breaks. If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid. We will close our open trades, if the Midterm level 141.696 is broken. Technical analysis: While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low. A peak is formed in daily chart at 138.175 on 12/15/2022, so more losses to support(s) 131.500 and minimum to Major Support (130.351) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 36. Take Profits: 145.094 141.696 139.340 137.355 134.672 131.500 129.442 126.409 121.271 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
by ForecastCity_World
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
OANDA:XAUUSD
by SIRHANST
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.
Short
by ForexLeague
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 ❤️Please, support our work with like & comment!❤️
Long
by zaidhatem
5
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.🚀
Long
by InvestMate
2
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.
Short
by FOREXN1
7
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.
Long
by T3-Consultancy
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.
by InkyGrip
29
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.
Short
by Signal_Centre