USDJPY Potential for bullish momentum | 15th July 2022On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our buy entry at 139.381 where the swing high resistance is. Once there is upside confirmation of price breaking buy entry, we would expect bullish momentum to carry price to take profit at 141.529 in line with 78.6% fibonacci projection. Alternatively, price could drop to stop loss at 137.771 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are.
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 Potential Bullish ContinuationOn the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise to our buy entry at 139.429 where the swing high resistance is. Once there is upside confirmation of price breaking buy entry, we would expect bullish momentum to carry price to take profit at 141.444 in line with 78.6% fibonacci projection. Alternatively, price could drop to stop loss at 137.771 where the pullback support, 61.8% fibonacci retracement and 100% fibonacci projection are.
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 Potential Bullish Momentum | 14th July 2022On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will drop and rise from our buy entry at 137.771 where the pullback support is to the take profit at 139.536 in line with 100% fibonacci projection and -61.8% fibonacci expansion. Alternatively, price could break entry structure and drop to stop loss at 136.706 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are.
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 RiseOn the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will drop and rise from our buy entry at 137.728 where the pullback support is to the take profit at 139.424 in line with 100% fibonacci projection and -61.8% fibonacci expansion. Alternatively, price could break buy entry structure and drop to stop loss at 136.697 where the overlap support, 38.2% fibonacci retracement and 100% fibonacci projection are.
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 a short term move 🦐USDJPY on the 4h timeframe is trading at the recent highs into an ascending channel.
The price after a long bull run might look for some bearish retracement and is currently creating a potential break to the downside.
How can we approach this scenario?
We will wait for a break of the support area and in that case we will search for a possible short order entry according to the Plancton's academy 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
USD/JPY Outlook (12 July 2022)The USDJPY shot from 136 to almost 138 on the back of a stronger US dollar but also because BoJ Gov Kuroda indicated that the Japanese economy was picking up (despite some indicators of weakness) and that consumer inflation was at 2%.
This led to a reaffirmation that the BoJ will keep with its path of ultra loose monetary policy, hence the yen weakening.
Today however, the Japanese Minister of Finance commented that the rapid weakness of the Yen was of concern and that the ministry would take appropriate action if necessary.
This hint of potential FX intervention and the retracement of the DXY lead the USDJPY to follow with a retrace back below 137.00.
Look for further downside in the USDJPY with 136.00 as the next key level of support.
USD/JPYUSD/JPY
The yen made a rather unpatriotic attempt to rally after the assassination attempt on Shinzo Abe, but Nikkei 225 futures in Osaka shed 1.4% of their positive and the situation remained volatile. Investors continue to buy the yen and US government bonds. The main buying interest is above 137.50. The potential for a rollback down is still weak.
USDJPY Potential for Bullish RiseOn the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 136.764 where the overlap support, 23.6% fibonacci retracement and 61.8% fibonacci projection are to our take profit at 140.094 in line with the -61.8% fibonacci expansion. Alternatively, price could break entry structure and drop to stop loss at 134.290 in line with the swing low support and 61.8% 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.
USDJPY H4 Potential Bullish Momentum | 12th July 2022On the H4, with price moving along an ascending trendline and above the ichimoku indicator, we have a bullish bias that price will rise from our buy entry at 136.706 where the overlap support, 23.6% fibonacci retracement and 61.8% fibonacci projection are to our take profit at 140.025 in line with the -61.8% fibonacci expansion. Alternatively, price could break entry structure and drop to stop loss at 134.292 in line with the swing low support and 61.8% fibonacci retracement.
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 July 10th, 2022USDJPY Neutral Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is still extremely bullish on the higher timeframes but we can see that price action has been forming a range recently.
The most likely is that scenario is that the range will continue to form and price action will reverse short term around 136.600
Trade scenario 2: For us to continue bullish we would need to see a bullish break of the range with a 4hour higher low above 136.600
Keep in mind this is a high risk pair at the moment due to unsustainable rallying & lack of higher timeframe structure.
USDJPY on a retracement move ? 🦐USDJPY on the 4h timeframe is trading at the recent highs over a static support area .
The price after a long bull run might look for some bearish retracement and is currently creating a potential break to the downside.
How can we approach this scenario?
We will wait for a break of the support area and in that case we will search for a possible short order entry according to the Plancton's academy 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 Bullish ContinuationOn the H4, with price moving along an ascending trendline and RSI moving along an ascending trendline, we have a bullish bias that price will rise to our buy entry at 136.829 in line with the swing high resistance and 100% fibonacci projection . Once there is upside confirmation of price breaking buy entry, we would expect bullish momentum to carry price to take profit at 141.332 in line with 61.8% fibonacci projection and 100% fibonacci projection . Alternatively, price could drop to stop loss at 134.290 in line with the swing low support, 100% fibonacci projection and 23.6% 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.
USDJPY Potential Bullish Continuation | 8th July 2022On the H4, with price moving along an ascending trendline and bouncing off the ichimoku support, we have a bullish bias that price will rise to our buy entry at 136.706 in line with the swing high resistance and 100% fibonacci projection. Once there is upside confirmation of price breaking buy entry, we would expect bullish momentum to carry price to take profit at 141.325 in line with 61.8% fibonacci projection and 100% fibonacci projection. Alternatively, price could drop to stop loss at 134.292 in line with the swing low support, 100% fibonacci projection and 23.6% fibonacci retracement.
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/JPYUSD/JPY
There is growing concern among Japanese industrialists about the prospects for economic growth amid rising commodity prices and the coronavirus outbreak in Asia. Working out the reaction to the statistics, which showed a decrease in confidence in the country's economy, is almost completed, but the trade interest in buying remains. The growth scenario can be considered after a retest of the zone above 136.00/50, with a confident breakdown of 133.20/00 we will fall to the protection zone of 130 and below.