📉 USD/JPY Continuation Of Declines? 📉📉 USD/JPY Continuation Of Declines?
📉 Nearest strong support zone: around recent lows.
📉 Nearest strong resistance zone: around recent local highs.
📉 Technical environment:
- Moving averages: Downtrend
- MACD: Uptrend
- RSI: Downtrend
📉 Price Action: USD/JPY It has been continuing its downward trend for quite some time, all due to the BOJ's change in monetary policy stance, on January 18 during the Asian session there will be a Monetary Policy Statement which I think will have a big impact on the market, expect high volatility, in my opinion this will be the next impetus for the Japanese yen to strengthen against other currencies.
📉 The scenario I am playing out is a continuation of declines over the coming months. 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. 🚀
Usd-jpy
USD/JPY | Short Position AssumptionAppears to be a dovish (*cough* *cough*) week ahead for the USD off the back of major macro prints coming in weak on Thursday (19/01/2022 GTM+11). Expecting upside on the JPY off the back of the indicated dovish (*cough* *cough*) prints. further expecting long run buy side momentum on the JPY in response to recent BOJ stimulus and inflation band talks . This is not a signal nor trading advice merely just an assumption on potential market price. Please trade at your own risk. !! i'm not liable for any losses incurred from sentiment perceived from this post !!
USD/JPY:SELL From Pullback 129.000 For A SHORT ContinuationA generally positive tone around the equity markets undermines the safe-haven Japanese Yen and lends some support to the USD/JPY pair. The USD/JPY is still inside a bearish channel in a strong rally where we can see today the price makes a bearish Flag after a pullback of area 129.000 Price may continue today to drop more and increase the value of the Yen.
should be targetting 127UJ is on the downside as mentioned previously on higher timeframe we do see the next level Support around 127.Should have more downside.
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
USDJPY Nearing 1st Support. Rebound possible.The USDJPY pair is approaching the 1st Support level of 125.510 (May 24th 2022 formation) after a double top rejection last Friday. Trading inside a Channel Down for almost two months, naturally on very bearish 1D technicals (RSI = 30.378, MACD = -1.840, ADX = 17.362) with the RSI almost oversold, it is expected that a technical rebound will occur.
The short-term target is the top of the Channel, with a break capable of inflicting an extension as high as the 134.750 Resistance. The RSI's Rectangle can be a guide for buying/ selling inside the Channel Down.
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
## Also DONATIONS through TradingView coins help our cause of increasing the daily ideas put here for free and reach out more traders like you. ##
USD/JPY:BUY From 61.8% FIBO Level Pullback For A LONG SetupUSD/JPY is still in a consolidation area. The technical analysis shows in the last sessions the price reach the bottom around 129.500 Lower-low then a bullish impulse pushed the price to the creation of a new Higher-high at 134.800 where from 6 January the price made a retracement on the 61.8% Fibonacci level, exactly where we are now. Based on our analysis, the pullback on the 61.8% Fibo in confluence with the re-test of the dynamic trendline may push the price higher at least to reach the previous swing high, a possible extension of this movement to area 100% Fibo extension isn't to exclude. The stochastic in 4Hours shows an oversold scenario and our Forecast is about a new Raising of the USD/JPY value.
USDJPY H1: Bullish outlook seen, further upside above 130.80On the H1 time frame, prices are approaching the support zone at 130.80, in line with the Fibonacci confluence levels where a throwback to this zone could present an opportunity to play the bounce. Stochastic is approaching support at 2.73 as well, supporting the bullish bias. Failure to hold above the support zone at 130.80 could see prices push lower to test the support zone at 129.50.
Usdjpy should be still more bias to go down
**Find out more from my Tradingview Stream this week**
***************************************************************************************
Hello there!
If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏
And if you would like to show further support for me, you can gift me some coins on tradingview! 😁
Thank you!
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared.
Thank you, and please do your due diligence before any putting on any trades!
Joe Gun2Head Trade - USDJPY into short term resistanceTrade Idea: Sellinh USDJPY
Reasoning: Into short term resistance.
Entry Level: 134.36
Take Profit Level: 129.80
Stop Loss: 136.08
Risk/Reward: 2.64:1
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.
USDJPY H4: Bullish outlook seen, further upside above 131.00On the H4 time frame, prices are approaching the support zone at 131.00, in line with the 50% Fibonacci level where a throwback to this zone could present an opportunity to play the bounce. A break above the upside confirmation level at 134.50, which is also the graphical swing high resistance could provide the bullish acceleration for further upside in prices, to the resistance zone at 137.80. Stochastic is testing support at 0.45 as well supporting the bullish bias.