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USDJPY

USDJPY Bullish Cross on 1W MACD will push it higher.The USDJPY pair is having an excellent bullish run since our September 25 buy signal (see chart below), which was right at the bottom of the 2-year Channel Up: We're approaching our 161.800 long-term Target much faster than we expected but we've identified this time a short-term opportunity that can go along with the long-term one. We are past a 1W MACD Bullish Cross and when the previous Bullish Leg formed one on Aptil 14 2023, the price (which was already within a Channel Up) didn't stop the uptrend. On the contrary it extended it up until a little after a 1D Golden Cross was formed. As a result we can target additionally 160.000 within a 2-month time-frame. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY H4 | Bearish drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 155.78, which is a pullback resistance close to 161.8% Fibonacci extension Our take profit will be at 154.68, a pullback support level. The stop loss will be at 157.68, an overlap 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.
Short
by FXCM
1
The yen continued to lose value as the dollar strengthened The Japanese yen has dropped to its lowest since late July due to the dollar's strength. Concerns about rising US inflation following Trump's election have diminished the likelihood of the Fed’s further rate cuts. However, if the yen's decline continues, the BoJ may consider intervening in the FX rate and could become more inclined to raise interest rates. Reflecting this situation, Japan's five-year government bond yields have reached a 15-year high as the chances of a BoJ rate hike increase. USDJPY sustained its uptrend and advanced to 155.70. The price is approaching the ascending channel’s upper bound, maintaining bullish momentum. If USDJPY breaches the channel’s upper bound, the price could gain upward momentum toward 157.50, the highest since last July. Conversely, if USDJPY fails to hold above EMA21, the price may fall further to 153.10, where EMA78 coincides.
by inkicho_exness
GBP/USD : First Short, then LONG! (READ THE CAPTION)Analyzing the GBP/USD chart on the daily timeframe, we can observe that the price is experiencing a significant decline. I anticipate that this heavy drop will likely pause, at least temporarily, upon reaching the demand zone between 1.267 and 1.2735. This is a key area of interest, and I expect a potential return of 50 to 200 pips from this level. This analysis will be updated as necessary. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Long
by ArmanShabanTrading
33
USDJPY H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 155.700, which is a pullback resistance and a 127.2% Fibonacci extension. Our take profit will be at 153.72, a pullback support level. The stop loss will be at 15.65, above 161.8% Fibo extension 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.
Short
by FXCM
2
EUR/USD slips to 7-month low on weak eurozone confidence dataThe euro can’t seem to find its footing. EUR/USD is down for a third straight trading day and has declined 0.38% on Wednesday, trading at 1.0608 at the time of writing. Earlier today, the euro dropped as low as 1.0606, its lowest level since April 15. The US dollar rose after Donald Trump’s decisive election win, and the dollar is getting a boost as the Republicans are likely to win the House of Representatives. This would give the Republicans control of the House and the Senate and would make it easier for Trump to push through his agenda. The eurozone ZEW economic sentiment index fell in November to 12.5, down sharply from 20.1 in October and well short of the market estimate of 20.5. It was a similar story for the German ZEW release, which fell from 13.1 to 7.4, shy of the consensus of 13. Investors and analysts are pessimistic about the economic outlook for two reasons. First, the Trump victory could signal new tariffs on European products and even trigger a trade war, the last thing the weak eurozone economy can afford. The second concern is the collapse of the German government coalition, with a snap election called for Feb. 23. The European Central Bank meets next month and has signaled another reduction. ECB Governing Council member Olli Rehn said on Tuesday that a December cut is likely. The markets have priced in a reduction of 35 basis points in December, suggesting that traders are split on whether the ECB will opt for a cut of 25 or 50 basis points. There are differing opinions among the Governing Council members and we’re likely to see these opposing views aired in the coming weeks. EUR/USD tested support at 1.0614 earlier Below, there is support at 1.0572 There is resistance at 1.0671 and 1.0713
by OANDA
Fundamental Market Analysis for November 12, 2024 USDJPYThe Japanese Yen (JPY) managed to strengthen slightly against its US counterpart in Tuesday's Asian session, but looks like it could weaken further. Japan's fragile minority government is expected to make it difficult for the Bank of Japan (BoJ) to tighten monetary policy. Moreover, the BoJ's summary of opinions from its October meeting showed that policymakers were divided on whether to raise interest rates again. This, along with fears of President-elect Donald Trump's tariffs returning, is putting pressure on the Japanese yen. Trump's policies and corporate tax cuts should put upward pressure on inflation, which could limit the Federal Reserve's (Fed) ability to ease policy. This, in turn, supports rising US Treasury yields and confirms a negative outlook for the low-yielding JPY in the near term. The US Dollar (USD), on the other hand, maintains the positive trend that followed Trump's victory in the US presidential election and suggests that the path of least resistance for the USD/JPY pair remains to the upside. Trading recommendation: Trade predominantly with Buy orders from the current price level.
Long
by Fresh-Forexcast2004