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USDJPY

Gold Awaiting the FOMCGold prices are experiencing a recovery after hitting a six-day low at $2,605, consolidating around $2,625. Market attention is focused on the November Fed meeting minutes, which could provide decisive signals regarding a possible rate cut in December, currently estimated at a 61% probability according to the CME FedWatch Tool. If the intraday support at $2,605 fails, prices could target $2,550. Conversely, a daily close above $2,670 would be necessary to reignite bullish momentum, with targets at $2,700 and $2,750. The fundamental context remains complex: Donald Trump's statements on new tariffs have reignited demand for safe-haven assets, including gold and the US dollar, while rebounding bond yields cap enthusiasm for the precious metal. Decreasing geopolitical tensions between Israel and Lebanon represent an additional headwind for gold, as they reduce the need for global risk hedging. Additionally, Trump's appointment of Scott Bessent as Treasury Secretary has reassured bond markets, strengthening the dollar and limiting gold's gains. Overall, gold prices are balanced between contrasting fundamental and technical forces, as traders await the Fed minutes for clearer direction.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
TradeCityPro | USD/JPY : Divergence and Trend Weakness👋 Welcome to TradeCityPro! In this analysis, I’ll review the USD/JPY forex pair, focusing on the 4-hour timeframe. ⏳ 4-Hour Timeframe: Current Trend Insights At present, the trend in the 4-hour timeframe is upward, with an observable ascending trendline. The SMA99 has also acted as a support level. 🔽 However, the strength of the trend appears to be diminishing. The bullish candles are progressively smaller, and corrections have become deeper. ✨ RSI Analysis and Momentum A negative divergence is noticeable in the RSI, indicating a weakening trend. The 39.98 support level is crucial, and with the divergence and trend weakening, the likelihood of breaking this RSI level is high. If this happens, the market’s bullish momentum will fade. 📉 Short Position Strategy If the trendline is broken and the 153.639 trigger level is breached, followed by price stabilization below this level, it will signal an entry opportunity for a short position. The specific trigger, whether based on Dow Theory, a pullback to 153.639, or another strategy, depends on your approach. 📊 The next key support is at 151.512. If you missed or avoided the 153.639 trigger due to risk concerns, breaking this support could provide a safer short entry point. Subsequent supports are located at 149.177 and 145.826. 📈 Long Position Strategy Despite the weakening trend, the 156.544 trigger is still a valid entry point for long positions. The next resistance after this level will be at 157.702. 🔑 By keeping an eye on these levels and market momentum, you can effectively align your trading strategy with market conditions. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
Potential bullish bounce?USD/JPY is falling towards the pivot, which acts as a pullback support and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 151.62 1st Support: 149.23 1st Resistance: 157.75 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.
Long
by ICmarkets
JPY Struggles Amid Rising US Dollar StrengthThe Japanese Yen is struggling to capitalize on the boost from rising domestic inflation. Uncertainty surrounding the Bank of Japan's (BoJ) interest rate hikes, combined with an optimistic market sentiment and soaring US Treasury yields, has kept JPY under pressure. Meanwhile, the US Dollar continues its dominance, hitting a new yearly high and providing further support to the USD/JPY pair. The relentless strength of the USD has bolstered buyers, leaving the Yen with little room to recover in the near term.
by Veda_Solomon
Fundamental Market Analysis for November 22, 2024 USDJPYHigher market sentiment and rising US bond yields are limiting the rise of the low-yielding yen. The US Dollar is holding near its highest level in the last year and is providing support to the USD/JPY pair. The Japanese Yen (JPY) attracted buying for the second day in a row following the release of slightly better-than-expected Japanese consumer inflation data. This came amid statements released on Thursday by Bank of Japan Governor Kazuo Ueda, which kept expectations of an interest rate hike in December. In addition, Japanese Prime Minister Shigeru Ishiba's 39 trillion yen economic stimulus package boosts the Yen and puts some pressure on the USD/JPY pair. Nevertheless, the prevailing risk-on and higher US Treasury yields keep traders from aggressive bullish bets on the low-yielding Yen. Investors remain concerned that U.S. President Donald Trump's policies could lead to renewed inflation and force the Federal Reserve (Fed) to slowly cut interest rates. This has been a key factor in the recent rise in US bond yields, which has kept the US Dollar (USD) near yearly highs and provided support to the USD/JPY pair. Trade recommendation: Watch the level of 154.00, trading mainly with Buy orders.
Long
by Fresh-Forexcast2004
USDJPY H1 I Bearish ContinuationBased on the H1 chart analysis, we can see that the price is rising toward our sell entry at 154.92, which is a pullback resistance aligning with a 50% FIbo retracement. Our take profit will be at 153.91, an overlap support level. The stop loss will be placed at 155.60, 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.
Short
by FXCM
Bearish drop?USD/JPY is rising towards the pivot which aligns with the 50% Fibonacci retracement and could drop to the 1st support which act as an overlap support. Pivot: 154.91 1st Support: 153.46 1st Resistance: 155.89 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.
Short
by ICmarkets