Usd-jpy
USDJPY Potential For Bearish ContinuationLooking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. Price has tapped into my sell entry at 141.034, where the 50% and 23.6% Fibonacci lines are. Stop loss will be placed at 143.531, slightly above where the 38.2% Fibonacci line is located. Take profit will be at 135.573, slightly above 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 for a lower low 🦐USDJPY on the 4h chart, after the expected retest of the daily resistance, continues the descending move.
The market is now testing the support at the 138.250 level.
How can i approach this scenario?
If the price will clearly breaks the structure 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.
USDJPY 4hour Analysis November 27th, 2022USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: UJ is looking very bearish lately and currently we are at a low, just below 140.500 resistance.
Going into this week we want to continue the overall bearish trend but we need to see something clear.
Ideally, price action rejects 140.500 with convincing bearish variations we can enter short on. Look to target lower toward 137.000 support.
Trade scenario 2: For us to consider UJ bullish again we would need to see a break above 140.500 with a confirmed higher low above.
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.
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.🚀
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.
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