USDJPY Potential for Bullish Continuation | 28th Sept 2022On the H4 chart, prices are moving in an ascending manner hence we are bullish biased. Price is also above the Ichimoku cloud which indicates a bullish market. Expecting the price to react strongly to the 145 key level, we are looking for a pullback buy entry at 142.623 where the 50% Fibonacci line is. Stop loss will be at 140.345 where the previous swing low is. Take profit will be at 147.070 where the -27.2% Fibonacci expansion line is.
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.
Usd-jpy
USDJPY in front of final highThe USD/JPY is close to its target at 148.781. The only thing missing is the completion of the 5 of the 5. In the final 5, I have refrained from drawing in the sub-waves for the sake of clarity. In the big picture, we must then wait and see whether only a major correction is pending or whether the USD will continue its negative trend against the yen, which has been in place for decades.
USDJPY Potential for Bullish Continuation | 27th Sept 2022On the H4 chart, prices are moving in an ascending manner hence we are bullish biased. Since the price has moved up so high on a steep ascending trend, to be on the safer side we would prefer to look for a pullback buy entry at 143.090 where the 38.2% Fibonacci line is. Stop loss will be at 141.764 where the 61.8% Fibonacci line is. Take profit will be at 147.070 where the -27.2% Fibonacci expansion line is.
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.
USDJPY Potential for Bullish MomentumOn the H4 chart, prices are in an ascending trend hence we are bullish bias. We are looking for a pullback buy entry at 142.570 where the previous swing low sits to take profit at 145.007 where the 161.8% extension sits and the stop loss placed at 141.500 where the 23,6% retracement sits
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
USDJPY Potential for Bullish Continuation| 26th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 142.526 where the 78.6% Fibonacci line sits to take profit at 144.887 where the previous swing high and 23.6% Fibonacci line lies. Our stop loss is placed at 140.428 where the previous swing low lies.
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.
USDJPY 4hour Analysis September 25th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are looking bullish on UJ as we approach major resistance around 145.000.
If we are to consider trades we need to see a significant higher low above 142.850 then we can target higher. If not, we will have to wait for reactions around 145.000
Trade scenario 2: For us to consider UJ ready for shorts we would need to see a lower high below 142.850 support.
Look to target lower toward 140.000 support.
Fed Meeting, War tension and recap of week 38Week 38 has been very eventful to say the least. On Wednesday we had the Fed raise interest rates by an expected 75 basis points for a third consecutive time. This created uncertainty within the markets which provided us traders with volatile conditions.
SPX went down 6.2% after the meeting on the 21st however the dollar gained even more strength which is continuing its increasing strength compared to main currieries such as the EURO and the GBP.
EUR/USD is now at 2002 levels (20 year low) and the dollar gains more strength over the Euro due to the uncertainty which is happening in Europe with the Russia/Ukraine War tensions growing even thinner this week.
Oil has also continued its downturn in price with a further 8% drop this week in price which makes the current month down 12%.
The UK interest rates also rose 2.25% to battle with the inflation fears, currently inflation in the Uk has dropped slightly Month on Month to 9.9% (10.1% in August). There are growing concerns in the UK and the BOE this week has admitted that the UK is now in a Recession.
More doom and gloom the for High-risk equities are on the arisen.
On a positive note, here was some of the trades we were able to get in on, some trade's took longer to form than others, some trades were taken as a result of the news this week.
Natural Gas Trade - Head and Shoulder Pattern with break of neckline.
SPX Trade - Reaction of the Feds Meeting on the 21st + Continuation of a Downtrend
ETH/USDT Trade - started the end of week 37 and carried onto week 38, we exited the trade on the 19th
USD/JPY - This was a volatile 24 hours following on from the 21st, the yen gained back some power, but this could be short lived as predictions are looking towards the 1998 high
Brent Oil - We have Been bearish on Oil for the month of September, we have a symmetrical bearish pattern which is one of my favourite patterns to trade.
I am currently taking this up as a hobby/ part time work and have been in this business for 2 years, any further information which could help will be welcomed massively as my goal is to provide useful information and chart ideas.
If you like the information and would either like to seem more weekly recaps or market forecasting for the upcoming week, please leave a like and a comment and I'll be sure to answer all questions provided.
Enjoy the rest of the weekend and all the best for week 39 see you soon!!
USDJPY Potential for Bearish Continuation| 23rd Sept 2022On the H4 chart, prices have bounced off the 161.8% extension and price is moving in a descending momentum- we are bearish biased. We're looking for a breakout sell entry at 141.587 where the 23.6% retracement sits to take profit at 139.365 where the 38.2% retracement 61.8% projection sits and stop loss at 143.008 where the 50% retracement sits
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.
Today’s Notable Sentiment ShiftsJPY – The Japanese yen soared across the board on Thursday after monetary authorities intervened in the foreign exchange market to boost the battered currency for the first time since 1998.
Nevertheless, despite JPY’s immediate uptick, analysts doubt Japan will be able to sustain a pronounced recovery in the safe-haven.
Indeed, commenting on monetary policy divergence between the BoJ and other major central banks, Wells Fargo argues: “Over the next three to six months or possibly even longer, as long as those diverging paths of monetary policy are still in place and those differences persist, you’ll continue to see a weaker yen.”
JPY Jumps As Japan IntervenesThe European session saw the release of both the SNB's and BoE's latest monetary policy decisions. The SNB announced a 75 basis point hike, taking the Policy Rate to 0.50%, while the BoE announced a 50 basis point rate hike, taking the Offical Bank Rate to 2.25%.
As the SNB and BoE faced outside bets for more aggressive rate hikes, and both failed to provide any particularly hawkish rhethoric beyond expectations, CHF and GBP weakened after their respective central bank announcements in a buy the rumour sell the fact fashion .
Elsewhere, JPY has come into focus, with the currency rapidly appreciating across the board. USDJPY tumbled over 500 pips to below the 141.00 handle and GBPJPY to below the 160.00 handle.
Strength in the safe-have is the direct results of intervention in the currency by Japanese authorities, who have warned of such action over recent months due to the speed and size of JPY's recent decline. This is the first time Japan has intervened in the value of JPY since 1998.
Looking ahead, today's US economic calendar is light on tier one data, keeping the market's focus on monetary policy, given the recent announcements from the FOMC, BOJ, SNB and BOE. Other ongoing themes to note are the prevailing risk tone, the global economic outlook and rising tensions between the West and Russia with regard to the invasion of Ukraine.
USDJPY Potential for Bullish Continuation| 22nd Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a breakout buy entry at 144.893 where the 161.8% projection sits to take profit at 147.366 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 142.673 where the previous swing low sits
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.
USDJPY SELL THE HOUSE! Hello forex Traders, This post is for you! Looking for a sell off below this trendline, Its made several failed attempts to break lower. Its been a wild week but the yen has been getting crushed for the longest time. I think we are due for a pullback. Id put some limits above and start manually scaling in here!!! Happy trading to you all. Stay focused! This sell is simple based on a trendline break. nice and simply just as the rest of my signals. I want this to be as easy as possible to follow and as less mentally taxing as possible so it is easy for you to make money. The main determining factor is the position size and location of your stop loss. Just do your due diligence on that end and I'm sure this trade will play out! If I am wrong I apologize in advance! I will keep posting updates and if it goes the other way I will be sure to tell you to get out. Live Trading House has got your back!
USDJPY Potential for Bullish MomentumOn the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 142.570 where the previous swing low sits to take profit at 145.007 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 141.500 where the 23.6% retracement and 100% projection sits
Please be advised that the information presented on Trading View 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 Potential for Bullish Continuation| 21st Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.652 where the 100% projection and 23.6% retracement sits to take profit at 144.918 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 139.518 where the 38.2% retracement and 61.8% projection sits
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.
USDJPY Potential for Bullish Continuation| 20th September 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.652 where the 100% projection and 23.6% retracement sits to take profit at 144.916 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 139.518 where the 38.2% retracement and 61.8% projection sits
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.
USDJPY Potential for Bullish MomentumOn the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 142.570 where the previous swing low sits to take profit at 145.007 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 141.500 where the 23.6% retracement sits
Please be advised that the information presented on Trading View 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 Potential for Bullish Continuation| 19th September 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.652 where the 100% projection and 23.6% retracement sits to take profit at 144.941 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 139.381 where the 38.2% retracement sits
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.
USDJPY 4hour Analysis September 18th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still unbelievably bullish on UJ but price action does seem to be slowing down since we hit 145.000.
The most likely scenario is price action continuing bullish and rallying back into 145.000. Look for a break above 145.000 to continue higher.
Trade scenario 2: For us to look at UJ more bearish we would need to see the rejection from 145.000 follow through.
This would mean price action breaks lower now and starts forming lower highs. Look to target lower toward 140.000.
USDJPY Potential For Bearish DropOn H4, with the RSI is showing a descending trendline and MACD is showing a bearish divergence, as well there's a potential "double m" pattern, we would hold a bearish bias. If the price can break the sell entry at 141.983, which is the "neckline" of the double M pattern, we can expect the price drop to the take profit at 139.396, which is in line with the 38.2% fibonacci retracement.
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.