USDJPY Buy SetupUJ is in a higher time frame uptrend, had a weekly retrace to 61.8 Fib.
Formed a 4H consolidation zone that had a breakout. Currently waiting for the retest of the zone before entering a buy position.
TP1: 142.300
TP2 : 145.000
Usd-jpy
USDJPY on a retracement move 🦐After the recent drop to the 138 level USDJPY started a retracement move as epxcted.
The market is now testing a minor resistance and a test of the 0,5 Fibonacci level can be expected.
Overall on the big picture, the scenario remains bullish but some deeper retracement can be seen before the end of the year.
I will wait for the test of the fair value and will check if the market will provide us an inversion and in that case, i 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.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USDJPY Potential For Bullish RiseLooking at the H4 chart, my overall bias for USDJPY is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. Looking for a buy entry at 140.506, where the 38.2% Fibonacci line is. Stop loss will be at 138.873, slightly below where the 61.8% Fibonacci line is. Take profit will be at 143.501, slightly above where the 61.8% 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.
USDJPY H4: Bullish outlook seen, further upside above 140.70On the H4 time frame, prices are facing bullish pressure from the support zone at 140.70, in line with the 38.2% Fibonacci retracement and resistance-turned-support where a throwback to this zone could present an opportunity to play the bounce to the resistance zone at 144.80. The 144.80 resistance zone is in line with the 50% Fibonacci retracement. Stochastic is approaching support as well where we could see more upside, in line with prices.
220 PIPS DOWN FOR USDJPY !!!The USDJPY has lost its bullish channel and more down is possible for it. All the details are mentioned on the chart above.
USDJPY 4hour Analysis November 20th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: UJ fell off hard last week and has been hanging around this new low below 140.500.
We are technically in a phase of consolidation so we will have to wait to see some conviction kick in.
Ideally, price action continues bearish and proves so by rejecting 140.500 and forming clear bearish variations we can enter short on.
Trade scenario 2: The other likely scenario is a rally from UJ. It’s not uncommon to see a large retracement after a recent high volume push. So if this happens look for higher lows above 140.500.
We will try and catch the pullback to 145.000 if this happens.
InvestMate|USD/JPY No chance of rises💱💱USD/JPY No chance of rises.
💱As I wrote in last post about the declines on the USD/JPY pair, the scenario played out perfectly exactly as I wrote. Link to the post below:
💱This time we will take another look at the pair, as I believe new downside prospects are opening up.
💱The key from where a new wave of declines could start could be the resistance zone I've marked on the chart.
💱 All due to a cluster of levels. At the very beginning we have the level of 0.5 of the whole last upward wave, then the level of 0.236 of the whole downward wave and the range of the biggest upward correction in the current downtrend, i.e. the level of 1:1.
💱 I encourage you to observe these levels because there is a good chance that after a bounce from this level we will take a southward direction.
💱The level where the price can stop is the support zone, which I determined on the basis of the level of 0.786 of the whole upward wave and this place has been respected many times in the past as resistance and support.
💱The scenario I am playing out is a continuation of declines from the resistance zones towards the support zone, not excluding corrections along the way.
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
USDJPY SHORT TERM SELL IDEAFX:USDJPY
we can see that the market is in a strong bearish direction
also, the market is creating a shift in direction structure
so let maintain the major flow.
DJI Potential For Bearish ContinuationOn the H4 chart, the overall bias for USDJPY is bearish. To add confluence to this, price is below the Ichimoku cloud which indicates a bearish market. Looking for a sell entry at 141.034, where the 23.6% and 50% Fibonacci lines are located. Stop loss will be at 143.531, slightly above where the 38.2% Fibonacci line is located. I am looking to take profit at 135.573, where the 78.6% Fibonacci line is located.
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.
USDJPY below a level that was a Support since September 2021!The USDJPY pair made a strong rejected shortly after our previous analysis where we called for a strong sell at the top of the (now) 6-month Bullish Megaphone pattern:
Following a fake-out just above the Megaphone, the rejection was much stronger and so far much longer that any of the previous ones in 2022. The price not only broke below the 1D MA50 (blue trend-line) but also the 1D MA100 (green trend-line), which has been the long-term Support and unbroken since September 23 2021 and where the previous Megaphone Higher Low was made (August 02 2022).
Right now the 1D MA100 is being tested as a Resistance, which the price has failed to break on 4 straight days. The more it fails, the more likely it is to test the bottom (Higher Lows trend-line) of the Megaphone and if broken, target the 1D MA200 (orange trend-line). A closing above the 1D MA100 however, targets the 1D MA50 but as with early August, this still doesn't restore the uptrend. The pair typically needs a clear closing above the 1D MA50 to do so, in which case we can expect at least the 0.618 Fib to be tested if not the previous High.
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Waiting for confirmation on USDJPYI posted about a month ago my idea on USDJPY and how it will go. If you want to see check Related Ideas section. We all know DXY made new high thanks to Inflation. We are waiting for to enter long term SHORT position which will be pullback to 146 - 148 area. If USDJPY could get resistance from there that will be huge confirmation to enter. Our target will be 138, 132, 125.
USD/JPY:SELL Bearish channel Price Taking Advantage on USD SHORTUSD/JPY inside a bearish channel is taken and the JPY after a strong downtrend is taking an edge against the USD exploiting the strong EUR moment. We are looking for a new Bearish Impulse.
USDJPY Potential For Bearish ContinuationOn H4 chart, we have a bearish bias for USDJPY with the price moving below the Ichimoku cloud. Looking for a pullback sell entry at 141.034, where the 23.6% and 50% Fibonacci line is located. Stop loss will be set at 143.531, where the 38.2% Fibonacci line is located. Take profit will be at 135.573, where the 78.6% 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.
USDJPY is taking a break? 🦐 -UPDATE-USDJPY after my previous analysis dropped as expected bellow the support area.
The market is now trading above a lower support support and tomorrow the news on the Consumer Price Index could push the price further Further low on the DXY-
How can i approach this scenario?
For the ones who are already in from my previous call i would put this position risk free while i will wait for a further confirmation according to Planctons's strategy of a new lower low.
–––––
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.
The ENTRY in the market will be taken only if the condition of the Plancton0618 strategy will trigger
USD/JPY:SELL Possible New Bearish Impulse SHORT Setupspecularly if the EUR/USD grows, the JPY recovers value against the USD. USD/JPY after a long bull run of the USD in the last sessions after or sell signal, the price dropped rapidly and today, if the economic news will against the USD, we will look at a new bearish impulse.
USDJPY M30: Bullish outlook seen, further upside above 138.80On the M30 time frame, a throwback to the support zone at 138.80, in line with the 78.6% Fibonacci retracement presents an opportunity to play the bounce with 141.20 as the resistance target. The 141.20 resistance zone coincides with the graphical support-turned-resistance zone and 100% Fibonacci extension. Failure to hold above the 138.80 support zone could see prices push lower to the next support zone at 138.20. Stochastic is approaching support as well where we could see further upside, supporting the bullish bias.
USDJPY - Trend-Following Buy Setup!Hello TradingView Family / Fellow Traders. This is Richard, as known as theSignalyst.
As per my last analysis (below) we were looking for sell setups on USDJPY around an over-bought zone.
USDJPY rejected our upper brown trendline and traded lower. Now What?
USDJPY is overall bullish from a medium-term perspective trading inside the orange rising broadening wedge, and it is currently around the lower orange trendline.
Moreover, the green zone is a previous major high.
So the highlighted lower purple circle is a strong area to look for buy setups as it is the intersection of the green support zone and lower orange trendline. (acting as non-horizontal support)
As per my trading style:
Since USDJPY is around the purple circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)
Meanwhile, if we break the orange trendline downward, USDJPY can still trade lower to test the lower support.
Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Looking for more downside... BUT!The downward momentum of the DXY continued to weigh on the USDJPY as the price broke through the key support level of 141 to reach a low of 138.50 through the trading session on Friday.
Currently trading along the 139 price level, the price is anticipated to consolidate before trading to the downside, with the Yen expected to strengthen, following comments from BoJ’s Governor Kuroda that the Japanese economy is improving.
The initial trade idea this morning was to sell the USDJPY if the price breaks beyond 139 with the next support levels at 138 (for a quick trade) and 136 (for a swing trade)
However, as the DXY retraces and the USDJPY rebounds... a revision of the trade idea is to wait for a possible reaction at the 140 to 141 price area before selling down again.
USDJPY 4hour Analysis November 13th, 2022USDJPY Bearish Idea
Weekly Trend: Bullish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more and more bearish on UJ as we change higher timeframe trends.
Going into this week we want to look for structure, so that means a lower high forming near 140.500 with convincing bearish variations to short on.
Trade scenario 2: The other likely scenario is UJ going for a more dramatic retrace up to 145.000. Look for higher lows above 140.500 to confirm this.
InvestMate|USD/JPY Long-awaited correction💱USD/JPY Long-awaited correction
💱Continuing the thread started in a previous post in which I predicted a decline on USD/JPY .
💱In this post I would like to expand on my point of view
💱Last week the event everyone was waiting for was the interest rate decision, which rose to 4%.
💱This was followed by a press conference in which Jerome Powell spooked the markets with a hawkish tone, which first triggered a sharp wave of dollar weakness, and Powell's words were followed by a speculative attack to strengthen the dollar.
💱The next day already brought a cooling off and the market returned to discounting the scenario of a weakening dollar in the future and a slowdown in interest rate hikes.
💱 4 November Non Farm Payrolls performed very well with 261k new jobs created compared to the 200k the market was expecting.
💱After which the rate from the data we found out unemployment rose to 3.7%
💱All this data could have a positive impact on future inflation readings. Which has been falling for over 4 months.
💱All of the above data is contributing to the slow weakening of the dollar.
💱Looking at the USD/JPY chart where we are at 32 year highs.
💱In an uptrend since 2011.
💱The only significant corrections we have made in recent years were these 2:
💱Looking at the current one-year uptrend impulse, it is hard not to get the impression that in the long term we could use some kind of correction, at least to match the one in July this year
💱Or perhaps we are in for an even bigger correction returning to strong support points?
💱If Japan's rising inflation forced the central bank to raise interest rates, which are at record lows, and these developments combined with the BOJ's stated desire to strengthen the currency in recent weeks. We could see a massive downward slide, especially with the dollar
🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
USDJPY:Inflation in the US eased, possibility of more waterfallsHey traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 141 zone, once we will receive any bearish confirmation the trade will be executed.
Trade safe, Joe.
Sell USDJPYGood day tradeers! Don't forget to put your rockets up and write your comment if you like the idea.
From 149.900-150.400, is it red zone, can open positions to sell, with first target 144, and main target 139 support zone.
DISCLAIMER:
The opinion of the author may not coincide with yours! Keep this in mind and consider in your trading transactions before making a trading decision.
