USDJPY Potential for bullish riseOn the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.430 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.801 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss at 136.728 where the overlap support and 38.2% fibonacci retracement 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.
Usd-jpy
USDJPY Potential for bullish rise | 20th July 2022On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.377 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.785 in line with pullback support. Alternatively, prices could break buy entry structure and drop to stop loss at 136.661 where the overlap support and 38.2% fibonacci retracement 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 H4 Potential Bullish Momentum | 20th July 2022On the H4, with price moving above the ichimoku indicator and along the ascending trendline, we have a bullish bias that price will rise to our take profit at 139.372 where the 61.8% fibonacci projection and swing high resistance are from our buy entry at 137.767 in line with pullback support. Alternatively, prices could break entry structure and drop to stop loss at 136.728 where the overlap support and 38.2% fibonacci retracement 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 Potential for bearish drop | 19th July 2022On the H4, with price reversing off stochastic resistance, we have a bearish bias that price will drop to our sell entry at 137.817 where the pullback support, 78.6% fibonacci projection and 23.6% fibonacci retracement . Once there is downside confirmation of price breaking sell entry, we would expect bearish momentum to carry price to take profit at 136.661 in line with overlap support and 38.2% fibonacci retracement . Alternatively, price could rise to stop loss at 139.377 where the swing high resistance 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.
Micro USD/JPY Futures (M6J1!), H4 Potential for Bullish RiseType : Bullish Rise
Resistance : 138.78
Pivot: 137.22
Support : 136.44
Preferred Case: On the H4, with prices moving above the ichimoku cloud and within the ascending channel, we have a bullish bias that price will rise from the pivot at 137.22 in line with the pullback support and 61.8% fibonacci projection to the 1st resistance at 138.78 where the swing high resistance is.
Alternative scenario: Alternatively, price may break pivot structure and drop to the 1st support level at 136.44 in line with the pullback support, 50% fibonacci retracement and 100% fibonacci projection.
Fundamentals: Due to the dovish overall sentiment of yen, we have a bearish view of the USDJPY. We'll need to exercise caution for this setup because our fundamentals and technicals are not completely aligned.
Dip buying offers good risk/reward on USDJPYUSDJPY - Intraday - We look to Buy at 137.53 (stop at 136.50)
A sequence of weekly higher highs and lows has been posted. We can see no technical reason for a change of trend. There is scope for mild selling at the open but losses should be limited. Support is located at 137.50 and should stem dips to this area. Dip buying offers good risk/reward.
Our profit targets will be 139.96 and 140.50
Resistance: 140.00 / 145.00 / 150.00
Support: 137.50 / 134.40 / 126.70
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USDJPY Potential for Bearish DropOn the H4, with price reversing off stochastic resistance, we have a bearish bias that price will drop to our sell entry at 137.788 where the pullback support, 61.8% fibonacci projection and 23.6% fibonacci retracement. Once there is downside confirmation of price breaking entry structure, we would expect bearish momentum to carry price to take profit at 136.758 in line with overlap support, 100% fibonacci projection and 38.2% fibonacci retracement. Alternatively, price could rise to stop loss at 139.462 where the swing high resistance 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 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.
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.
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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.
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.