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USDJPY

USDJPY Long - But Don't Long Too EarlyBased on the prior price action, people are desperate to finally see some green candles. Psychologic wise they might think "it can't get even lower, it needs to reverse now". However, especially USDJPY is one of those pairs who tend to be a brutal liquidity seeker. Based on the news events this week, I believe there is a nice chance that we see a bounce, but from lower levels people are anticipating right now. We need to shift sentiment and lurk them into the wrong direction before we can have that up movement.
Long
by Entropie2020
USD/JPY Analysis: The Rate Falls Below 140 Yen per DollarUSD/JPY Analysis: The Rate Falls Below 140 Yen per Dollar Despite today's public holiday in Japan, yen buyers remain active. As shown on the USD/JPY chart, today's candle low has dropped below the psychological level of 140 yen per dollar. The last time this exchange rate was seen was on 28 July 2023. On 11 August, when analysing the USD/JPY chart, we: → drew a descending channel (shown in red); → plotted a resistance line (shown in orange); → predicted the possibility of a bearish attack on the 140 yen per dollar level. Current market sentiment is influenced by: → comments from Bank of Japan representative Junko Nakagawa, who stated last week that interest rates will continue to rise if economic and inflation forecasts align with expectations; → expectations of a rate cut from the Federal Reserve. A shift towards monetary easing now seems almost inevitable, with the main question being whether the rate will be reduced by 25 or 50 basis points. The technical analysis of the USD/JPY chart shows that the median of the descending channel acts as resistance (as indicated by the arrow). This suggests that bears remain in control. It's likely that these market sentiments will persist until Wednesday (21:00 GMT+3), when the Federal Reserve announces its decision – undoubtedly the key event of the week. 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.
by FXOpen
2
USDJPY - BREAKING STRAIGHT CHANNEL - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS overall , under downward pressure , until trading below straight channel Currently, prices are trading below the straight trend channel, indicating downward pressure. As long as prices remain below this channel, a decline is expected, potentially reaching 138.810. If prices fall further, they may approach 137.306. Conversely, if prices break above the 142.232 level, it could signal a reversal in trend, leading to a rise. In this scenario, prices might reach 144.401 and, if the upward momentum continues, could potentially rise to 147.179. UPWARD TARGET : 144.401 , 147.179. DOWNWARD TARGET : 138.810 , 137.306.
Short
by ArinaKarayi
Bullish reversal?USD/JPY is falling towards the support level which is an overlap support that is slightly above the 61.8% Fibonacci projection and could bounce from this level to our take profit. Entry: 138 Why we like it: There is an overlap support level that is slightly above the 61.8% Fibonacci projection. Stop loss: 133.39 Why we like it: There is a pullback support level that lines up with the 78.6% Fibonacci projection. Take profit: 144.18 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
USDJPY - Ready For Another 2000pip Trade?Our last analysis for USDJPY resulted in a massive 2000pip trade! We are now getting ready for another 2000pip trade setup. We anticipate price to move within the fib levels. As to which price exactly is yet to be determined. We can easily use price action to figure out where the reversal point is once we enter our area of interest. In the meantime, we can look for a risky long trade into our swing zone. Trade Idea (LONG) - On lower timeframe, look for reversal price action to indicate change in market direction - Once confirmed, you can enter longs with stops below the lows - Target our area of interest = 1000pips Once we're in our area of interest, we can look for a short setup which will be atleast 2000pips! What do you guys think? Goodluck and as always, trade safe! See our previous setups below
by WicktatorFX
1
USD/JPY Bearish Setup: Anticipating Rejection at Resistance Hello traders! Today, I’m taking a closer look at the USD/JPY pair on the 1-hour time frame, where I’m anticipating a potential bearish move. Here’s my plan: Resistance Level: a key zone where it has previously reversed. If the price tests this level again, I’ll be watching for a potential rejection. Reversal Signals: I’ll be paying close attention to bearish candlestick patterns, such as shooting stars or bearish engulfing patterns, to confirm that the resistance is holding and selling pressure is building. Momentum Check: I’ll also monitor the overall market momentum. If the upward movement starts losing steam near the resistance, this could be an early sign of a potential reversal. Risk Management Strategy: To manage my risk, I’ll place a stop loss slightly above the resistance level, protecting against a potential breakout.
Short
by WaveRiders2
Bitcoin Zip LineI’ve been tracking the course of bitcoin for the last 5 years. I think we are in for some major volatility soon! Scenario 1: The bitcoin price will rally as elections are heating up, and more people are sponsoring bitcoin and other meme coins in this period, in addition the tension in the Middle East . Consequently, the US market seems to have some underlying affect on the price of bitcoin. It is connected to the dollar. De-dollarization is a reality. But, you can’t back out on currency yet, too many people would be affected. People presently and people how will. So I expect the fed to cut rates hard, and quickly, without a doubt saving the economic bubble waiting to pop soon. Leading to a red swan event. No I did not say black. Red swan would be a global market chain reaction. Bitcoin would break upward toward the resistance area $68,387- 69,000which has been building since November 10th, 2020. If that occurs bitcoin could fall and complete a long striking falling wedge buying opportunity with a target of $42,000 and a liquidity pool around $37,600. Bitcoin could continue with selling pressure, or the big institutions will buy back bitcoin leading to an all time high price in a parabolic move toward $79,000, $100k, 150k, and $200k. Why so high? In short summary banks, coin IPO’s, Mining Harvests, Ripple, and AI This would be the greatest buy opportunity for either any retail trader or institutional investors. Maybe even private owned firms, government agencies, and owners of any equity. Scenario 2: A test of the $68’387-$69,000 area and a breakout to $73,000 could lead the price to $79,000. If this price is reached, bitcoin will either decide to test shaky hands and liquidate. As a matter of fact, new hands coming in, can squeeze toward $90,000 above 100k before deciding a true bullish path. Same rules apply on the buy opportunity. This would be parabolic as well which would make $42,000 the main support zone in a long term situation drawback. This is just a prediction, good luck ;)
BITSTAMP:BTCUSD
by R2CTrading
DXY UPDATED w/ Eurozone Interest Rate & U.S. Jobless Claims originally posted here . 102.500 DXY in the coming weeks? The Eurozone has opted to keep interest rates stable at 3.65%, signaling a wait-and-see approach to current economic conditions. Meanwhile, U.S. jobless claims have come in 3,000 lower than expected, reflecting a stronger U.S. labor market. This divergence in data is likely to put pressure on EUR/USD, with the U.S. dollar gaining strength from robust employment figures while the Euro remains steady amid unchanged monetary policy. I’ll be watching for potential bullish DXY into the next trading sessions.
TVC:DXYLong
by trader9224
USD/JPY Long Trade: Building into Next Week's OpportunityGetting ready for next week's USD/JPY setup! 🚀 The market is aligning for a potential big move, and I'm positioning myself for the action. Watch closely as I plan my entries and manage the trade—timing is everything! ⏳ If you're into catching high-probability trades and want to see how I approach the markets, make sure to follow and stay tuned. Let’s ride this wave together! 📈 Don't miss out—like, comment, and share your thoughts below!
Long
by trader9224
1
USDJPY / BREAKING THE CHANNEL - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS After breaking the channel, prices are attempting to reach the support level at 138.810. As long as they stabilize below 142.231, a decline is expected to reach 138.810, and further below that, 137.306. This downward momentum is contingent on maintaining resistance below 142.231. However, if 142.231 is breached, it could signal a potential rise toward the next resistance level at 144.401. Breaking this level would suggest bullish momentum, and for a stronger confirmation of an upward trend, prices need to sustain themselves above 144.401, eventually targeting the 147.401 level. TURNING LEVEL : 142.231
Short
by ArinaKarayi
Trends and Potential Trades in GBPUSD, EURUSD, and USDJPYThis morning's analysis focuses on the current state of play in GBPUSD, EURUSD, and USDJPY. The overall trend for the USD remains downward, and this week has seen a continuation of that trend. GBPUSD & EURUSD In the short term, there is potential for a sell trade (Secondary Trend) as a retracement of the recent bull run towards the buy zone of the bullish wave. USDJPY We have observed a strong downward move to T1, and price action on the 15-minute chart suggests a potential buying opportunity after liquidity was grabbed at the low of the Tokyo session. Buying USDJPY (Secondary Trend) is a possibility, as the wave structure 2 is approaching its low, with wave 3 correction expected to be the next phase. Happy Trading!
by Charts247TradingAcademy
Fundamental Market Analysis for September 13, 2024 USDJPYThe USD/JPY pair weakened further below the mid 141.000s during the Asian session on Friday and is now back closer to the YTD low reached earlier this week. Moreover, the fundamental backdrop seems to be leaning in favor of bearish traders and supports the prospects of a continuation of the established downtrend seen over the past two months. The US Dollar (USD) fell to a fresh weekly low amid rising bets for more aggressive Federal Reserve (Fed) policy easing next week, bolstered by the release of a softer-than-expected US Producer Price Index (PPI) on Wednesday. In fact, markets are now pricing in a more than 40% probability that the US central bank will cut borrowing costs by 50 basis points at the end of its September meeting. This keeps US Treasury yields near 2024 lows, which puts pressure on the dollar and leads to a decline in the USD/JPY pair. The Japanese Yen (JPY), on the other hand, continues to receive support from hawkish signals from the Bank of Japan (BoJ) indicating that it will raise interest rates further if the economic outlook matches forecasts. Moreover, BoJ board member Naoki Tamura said on Thursday that the road to ending soft policy is still very long. This represents a significant divergence from dovish Fed expectations, which in turn encourages further pullback in Japanese Yen (JPY) and contributes to the tone of the USD/JPY pair. The aforementioned fundamental backdrop indicates that the path of least resistance for spot prices remains to the downside, although traders may prefer to move sideways ahead of a key central bank event that could occur next week. The Fed is due to announce its decision at the end of its two-day meeting next Wednesday. This will be followed by the BOJ's policy update on Friday, which will determine the next leg of directional movement for the USD/JPY pair. Nevertheless, the pair remains on track to end the second week in the negative. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004