USDJPY H4 I Bearish Continuation?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 151.44, which is a pullback resistance.
Our take profit will be at 149.92, an overlap support level.
The stop loss will be placed at 152.82, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDJPY
USDJPY Is Approaching The Daily TrendHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 150.200 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 150.200 support and resistance area.
Trade safe, Joe.
Technical Breakdown, What's Next for the Pair?OANDA:USDJPY - 1 Hour Chart
Current Price: 154.281
Upon analysing the 1-hour chart, we observe that the price has recently rejected a strong resistance level and is now trading below Resistance (R2) at 154.688. The RSI is currently at 31.83, which is below the neutral 50 mark, indicating weak momentum. Given the strong resistance at R2 and the weak RSI, we anticipate a potential decline towards the S1 support level at 153.125.
Although there is strong support at S1, a price pullback or consolidation around this area is possible. However, due to the weak RSI and the fact that other USD-related currencies are in an extreme oversold condition, we expect the price to break through S1 and potentially test the S2 support level at 151.563. A further decline could eventually bring the price to the 150 psychological level.
On the other hand, if the price manages to break above R2, we could see a move towards 156.250.
Key Levels:
R1: 156.250
R2: 154.688
S1: 153.125
S2: 151.563
psychological level: 150.000
Reminder for traders: Always follow your risk management rules. Ensure you’re using appropriate stop-loss levels and position sizing for your trades. Market conditions can change quickly, and staying disciplined is key to long-term success.
Good luck with your trades!
USDJPY Sellers In Panic! BUY!
My dear friends,
Please, find my technical outlook for USDJPY below:
The price is coiling around a solid key level - 151.53
Bias - Bullish
Technical Indicators: Pivot Points Low anticipates a potential price reversal.
Super trend shows a clear buy, giving a perfect indicators' convergence.
Goal - 152.80
Safe Stop Loss - 150.68
About Used Indicators:
The pivot point itself is simply the average of the high, low and closing prices from the previous trading day.
———————————
WISH YOU ALL LUCK
Yen rally fizzles, Tokyo Core CPI expected to riseThe Japanese yen is lower on Thursday, after climbing 2.4% over the past two trading sessions. In the European session, USD/JPY is trading at 151.83, up 0.57% on the day. On the data calendar, Japan releases Tokyo Core CPI. In the US, the financial markets are closed for the Thanksgiving holiday and there are no US events.
Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released on Friday. The market estimate for November stands at 2.1% y/y, following a 1.8% gain in October, which was the lowest level since April. The headline rate is expected to rise from 1.8% to 1.9%.
October inflation numbers have been mixed. The Bank of Japan Core CPI index surprised on the downside with a 1.5% gain, down from 1.7% in September. However, services inflation inched up to 2.9%, up from 2.8% in September and above the forecast of 2.5%. If the Tokyo inflation release accelerates as expected, it will likely raise expectations of a rate hike from the Bank of Japan at the Dec. 19 meeting.
Inflation isn’t the only item on the minds of BoJ policymakers. There is significant political uncertainty both at home and abroad. Prime Minister Ishiba lost his majority in parliament in the October election and needs opposition support to pass a supplementary budget. In the US, President-elect Trump is threatening to slap tariffs on its trading partners, which could have massive negative implications for Japan’s auto industry, a key sector of the economy.
On Wednesday, US GDP (second estimate) confirmed the initial estimate gain of 2.8% for the third quarter. This indicates solid economic growth, which has been helped by strong consumer spending. The worries about a recession have subsided and the Fed has signaled that it plans to gradually continue trimming interest rates.
USD/JPY is testing resistance at 151.60. Above, there is resistance at 152.75
149.97 and 148.82 are the next support levels
ould the price reverse from here?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support that lines up with the 138.2% Fibonacci extension.
Pivot: 152.29
1st Support: 150.61
1st Resistance: 153.27
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
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, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USDJPY H4 | Falling from a pullback?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 152.23, which is a pullback resistance close to 38.2% Fibonacci retracement.
Our take profit will be at 150.32, an overlap support close to 161.8% Fibo extension
The stop loss will be at 153.40, a pullback resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
GOLD FURTHER SELL OFF?! (UPDATE)Gold has pushed up & playing within a range. It's moving perfectly within a range to create either a flat or complex correction pattern, either in a 3 or 5 Sub-Wave form.
Remember, Wave 2 & Wave 4 are always corrective moves so they move slow. Time to exercise patience🤞🏼
"USD/JPY Technical Analysis: Key Levels and Trend Outlook"
In the 4-hour timeframe, the USD/JPY currency pair has recently broken below its ascending trendline, indicating a shift toward a bearish sentiment. The price is currently approaching the key support zone between 151.91 and 152.46, which aligns with the 0.786 and 0.886 Fibonacci retracement levels. This area is expected to act as a significant resistance if the price attempts a pullback.
The Ichimoku cloud indicates bearish momentum, with the price positioned below the cloud. Furthermore, the Alligator indicator shows a clear bearish crossover, confirming the continuation of the downward trend.
The next potential target for the bearish movement is the 149.03 level, which corresponds to the 1.414 Fibonacci extension and acts as a critical support zone.
Conclusion: If the price remains below the 151.91-152.46 resistance zone, further declines toward 149.03 are likely. However, a break above this resistance could invalidate the bearish scenario and signal a potential reversal. Traders should closely monitor these levels for confirmation of the next price direction.
USD/JPY - H4 - Channel Breakout The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days.
USDJPY
Key Points:
Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 151.30
2nd Support – 149.82
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
Market Analysis: USD/JPY DipsMarket Analysis: USD/JPY Dips
USD/JPY is declining and showing bearish signs below the 154.00 level.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY is trading in a bearish zone below the 155.00 and 154.00 levels.
- There is a major bearish trend line forming with resistance near 153.60 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 155.00 zone. The US Dollar gained bearish momentum below the 154.00 support against the Japanese Yen.
The pair even settled below the 153.60 level and the 50-hour simple moving average. A low was formed at 152.33 and the pair is now showing bearish signs. On the downside, the first major support is near 152.20.
The next major support is near the 151.50 level. If there is a close below 151.50, the pair could decline steadily. In the stated case, the pair might drop toward the 150.00 support. Any more losses might send the pair toward 148.00.
Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the downward move from the 155.88 swing high to the 152.33 low.
The first major resistance is near a bearish trend line at 153.60. If there is a close above the 153.60 level and the hourly RSI moves above 50, the pair could rise toward 154.10 or the 50% Fib retracement level of the downward move from the 155.88 swing high to the 152.33 low.
The next major resistance is near 155.05, above which the pair could test 155.00 in the coming days.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/JPY:Yen Recovers as Interventions and Geopolitical Tensions The Japanese Yen has gained some ground against the U.S. Dollar, leading the USD/JPY pair to settle at 154.30 on Friday. This recovery is fueled by speculation that Japanese authorities may intervene in the foreign exchange market to support the domestic currency. Additionally, rising geopolitical tensions are providing further backing for the safe-haven JPY.
Though the Yen is finding support, a slight decline in the U.S. Dollar is also helping to limit the upward movement of the currency pair. As noted in our previous discussion, the Dollar Index (DXY) appeared poised for a retracement. However, at the time of writing, the USD has managed to regain some strength against the JPY, trading around 154.72.
Analysis from the Commitment of Traders (COT) report suggests a potential reversal in the market's direction. Furthermore, historical seasonality trends indicate a possible shift toward bearish conditions, reflecting patterns observed over the last decade. This raises the possibility of continued bearish momentum for the USD/JPY pair moving forward.
✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Fundamental Market Analysis for November 27, 2024 USDJPYThe Japanese Yen (JPY) continues to attract some safe haven flows amid tariff threats from US President-elect Donald Trump. In addition, the recent pullback in US Treasury yields following the appointment of Scott Bessent as US Treasury Secretary and expectations that he will rein in the budget deficit provides further support for the low-yielding JPY. This, along with weak US Dollar (USD) price action, led the USD/JPY pair to fall to a near three-week low around 152.700-152.650 during Wednesday's Asian session.
Nevertheless, uncertainty surrounding the Bank of Japan's (BoJ) next interest rate hike in December may deter traders from aggressively bullish bets on JPY. Meanwhile, easing geopolitical tensions amid a ceasefire agreement between Israel and Hezbollah may help limit the safe-haven JPY's gains. On the other hand, the US Dollar is likely to receive support from bets on slower interest rate cuts by the Federal Reserve (Fed), which could provide some support to the USD/JPY pair ahead of key US macroeconomic data released later today.
Trading recommendation: Trade predominantly with Sell orders from the current price level.
USDJPY_1Dhello Analysis of the Japanese yen Daily and mid-term time Elliott wave analysis style The market can be supported by the number 151.200 in correction wave 4, and only by maintaining the high price of this number, it can enter the next rising wave as wave 5. Important support 151.200 Wave 5 targets are 158.200 and 160.200
USDJPY | Bullish Bounce off Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 152.41, which is a pullback support close to 78.6% Fibo retracement.
Our take profit will be at 153.25, which is a pullback resistance level.
The stop loss will be placed at 151.38, which is a swing low support level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USD/JPY BUYERS WILL DOMINATE THE MARKET|LONG
Hello, Friends!
We are targeting the 154.089 level area with our long trade on USD/JPY which is based on the fact that the pair is oversold on the BB band scale and is also approaching a support line below thus going us a good entry option.
✅LIKE AND COMMENT MY IDEAS✅
USD/JPY 1H AnalysisThe pair is currently in a downtrend, and we’re approaching a small support zone. If this level breaks, there’s a high probability the price will move down to the next key support zone (green).
✅ What I’m watching for:
A clean breakout below the small support zone, with confirmation from increased selling volume or bearish candlestick patterns.
🚨 Plan:
If the breakout is confirmed, the next target is the green support zone. Stay cautious and manage your risk carefully!
👉 Follow me for more updates and trade ideas!
USDJPY lowered due to the retreating dollar
Increasing fatigue from strong dollar performance and reduced safe-haven demand due to easing geopolitical tensions in the Middle East have halted the dollar's ascent. The Fed's indication of a potential end to quantitative tightening(QT) due to worries about declining market liquidity also limited the dollar's gains. JP Morgan forecasts that the Fed might conclude the entire QT in the coming months.
Meanwhile, Japan's October services inflation stood near 3%, increasing the likelihood of the BoJ's interest rate hikes. Governor Kazuo Ueda highlighted ongoing wage-led inflation, supporting the central bank's capacity to raise rates.
After breaking below the ascending channel’s lower bound, USDJPY fell to 152.80. EMA21 has death-crossed EMA78, indicating a shift to bearish momentum. If USDJPY breaks below the support at 152.70, the price may fall further to 150.00. Conversely, if USDJPY reenters within the channel and rises above both EMAs, the price could gain upward momentum toward 156.70.