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USDJPY

USDJPY - 3 Massive Swings Completed. 4th Swing Ready...USDJPY has been providing us with big swing opportunities. Our last public post resulted in a 1200pip take profit! We are now on the verge of getting our 4th big swing setup. We are in a 5 wave impulse at the moment, indicating that we are in a Wave A (of wave 2) as opposed to a wave 2. This is why we are anticipating price to create an abc correction for wave 2 in the form of 535 zigzag. Trade Setup: - Watch for rejection of the fib level - Confirmation can be the break of the red trendline or any other reversal signs such as BOS - Targets: 148 (950pips), Hold position and taper as we move lower We'll update this setup if we get enough engagement. Goodluck and as always, trade safe! Trade 1: Trade 2: Trade 3: Trade 3 VIP Setup:
by WicktatorFX
7
USD/JPY hit 15-week high, Japan GDP nextThe Japanese is lower for a fourth straight trading day and has declined 2.1% during that time. In the North American session, USD/JPY is trading at 155.85 up 0.25% on the day. The markets are braced for a sharp slowdown in third-quarter GDP, which will be released early Friday. The market estimate stands at 0.7% y/y, compared to a revised 3.1% in the second quarter. On a quarterly basis, GDP is expected to ease to 0.2%, following a revised 0.7% gain in Q2. The strong GDP numbers in the second quarter reflected wage negotiations in the spring which resulted in sharp wage increases and a recovery in the auto industry. The BoJ meets next on Dec. 19 and key data such as the GDP release and inflation will be important factors ahead of the meeting. As well, wages have been rising which could translate into increased consumer spending and demand-driven inflation. In the US, the Producer Price Index (PPI) rose in October to 2.4% y/y, up from a revised 1.9% gain in September. The core rate also rose to 3.1% from a revised 2.9% in September. The increase in PPI comes on the heels of consumer inflation (CPI) which rose from 2.4% y/y to 2.6%. The core rate remained unchanged at 3.3%. The Federal Reserve is unlikely to change its plans due to the rise in inflation, which had decelerated for six straight months. The path of inflation can be bumpy and Fed policymakers won’t be losing sleep over a single monthly increase. If inflation accelerates next month, however, there will be some concern and we could hear calls for an oversized half-point cut in December. USD is testing resistance at 155.95. Above, there is resistance at 1.5643 There is support at 155.15 and 154.67
by OANDA
USDJPY / TRADING INSIDE STRAIGHT CHANNEL / 4HUSDJPY / 4H TIME FRAME HELLO TRADERS Current Support Level, Prices are approaching a support level around 154.666. If prices remain above and stabilize at this level, it suggests the potential for upward movement. Upside Target (Resistance), If prices stabilize above 154.666, there’s an expected increase toward a resistance level around 157.689. Downside Scenario, If prices break below 154.666, it could indicate further declines toward a support zone between 152.201 and 151.033. Stabilizing above this zone may create conditions for a bullish reversal. Bearish Outlook, If prices break below the 152.201-151.033 zone and a 4-hour candle closes below it, a further decline to the support level of 149.281 may be anticipated. Overall Trend, The text suggests there’s still upward pressure overall, meaning the trend may currently be bullish unless the key support levels are broken.
Long
by ArinaKarayi
2
USDJPY Will Go Lower From Resistance! Short! Please, check our technical outlook for USDJPY. Time Frame: 9h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is on a crucial zone of supply 156.038. The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 153.678 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
5
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
2
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