USD/JPY:BUY Setup After Positive USD Unemployment Claims LONG The USD Take advantage yesterday after the positive news about the Unemployment Claims with a strong bullish candle and the bias from the market changed positively for the USD currencies. The price today may continue the new bullish rally with a new upwards. We are Looking for a new bullish impulse.
Usd-jpy
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.🚀
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.
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.
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.
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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.
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
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USD/JPY:SELL From Resistance Level and 61.8% FIBO SHORT SetupUSD/JPY in the last session retested the resistance area in confluence with the 61.8% Fibonacci level inside a bearish channel and today, the price may have a new bearish impulse following also the positive news about the EUR and GBP zone. Our Analysis is about a new Bearish impulse by the USD against the JPY.
DUAL OPPORTUNITY SHORT COME BEFORE BULLS Considering the order flow from a day traders perspective ,price has been finding it way to the downside indicating the strength of the YEN over the USD .
That being considered hence the eminent bias to short the pair ,but caution should be put in place due to the upcoming CPI data and after that both zones should be watched closely
USDJPY 4hour Analysis December 11th, 2022USDJPY Bearish Idea
Weekly Trend: Bearish
Daily Trend: Bearish
4hour Trend: Bearish
Trade scenario 1: We are looking more bearish on UJ this week and it looks like we continue with this trend.
Price action is currently in a great spot, resting below 137.000 resistance. Ideally we spot bearish conviction we can enter short on and target lower toward the next support level.
Trade scenario 2: For us to see UJ as more bullish we first need to see a break above 137.000 resistance with structure above.
USDJPY Still downward channel but bullish signal emergedThe pattern on the USDJPY pair is a Channel Down since the trend reversed on October 21st. As long as the price stays inside this Channel, the trend will remain bearish with each lower Fibonacci level a potential target.
The MACD though has pushed the first major buy signal of this downtrend as it made a bullish cross last Friday. As a consequence, if USDJPY breaks above the Channel Down, we will most likely see a (counter?) rebound to the 1D MA100 (green) and 1D MA50 (blue). This will be the most important test to see if this new bearish trend will be sustained. Break above will invalidate it, rejection will confirm it.
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SIGNIFICANT SCENARIO ON USDJPY !!!By examining the situation of this currency pair, we find that the structure has fundamentally shifted to the downside. And according to the specified liquidity, it is expected that it will touch the most important order block that has been set and lead to the main drop.
💱USD/JPY Chance For A Correction💱USD/JPY Chance For A Correction
💱Following my last analysis in which I brilliantly predicted declines to a support zone:
💱This time it is time to try to attack the upward correction.
💱In my opinion, there is a high probability of the price reaching the area around 140 where there is a cluster of two fibo levels. The first level is 1.618 of the entire current downward wave. The second level is 0.236 of the upward wave from the 2016 bottom to the 2022 peak.
💱The support zone is set around the last bottom of the current downward wave.
💱 As can be seen, the MACD histogram also indicates a higher probability of the continuation of the upward trend.
💱RSI is also positioned at the 50 zone, testifying to the key decision point where the price is located.
💱The scenario I'm playing out is an attempt to attack the most significant 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.
💱*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:SELL From Resistance Level for A New SHORT Setup USD/JPY After a retest by the price of the resistance area in the confluence of the 61.8% Fibonacci level, the price seems ready to have a new bearish impulse. Today the price may retest the dynamic trendline again before a solid drop in the lower side of the chart. It will be decisive the release of the USD Initial Jobless Claims news.
USDJPY - Selling ralliesUSDJPY - Intraday - We look to Sell at 138.16 (stop at 139.16)
The rally was sold and the dip bought resulting in mild net losses yesterday. The medium term bias is neutral. Bespoke resistance is located at 138.16. A Fibonacci confluence area is located at 143.82. Although the anticipated move lower is corrective, it does offer ample risk/reward today.
Our profit targets will be 135.10 and 133.60
Resistance: 138.16 / 139.91 / 141.63
Support: 135.10 / 133.60 / 130.18
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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. Looking for a retracement sell entry at 137.674, where the previous swing low is located. Stop loss will be at 140.799, where the 23.6% Fibonacci line is. Take profit will be at 130.405, where the previous swing low is and where the -61.8% Fibonacci expansion 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.