Get started

USDJPY

GOLD LONG TO $2,550Although I'm already short on Gold from $2,526 I have warned on my previous sell analysis that we might see early sellers get shaken out the market through volatile price action. We might see 1 more ATH on Gold towards the $2,540 - $2,550 price zone before the CORRECTION starts. This is a highly probable scenario considering we're now at the start of a new month, so we can expect; ⭕️Liquidity Grab On Monthly Candle. ⭕️3 Sub-Waves (W,X,Y) To Complete Wave 5. ⭕️Shakeout Of Early Sellers & Late Buyers. I will ONLY take a buy position if Gold first reaches Wave I, breaking structure to the upside, followed by a retest towards Wave II. If this does not happen I will not be looking to buy.
SAXO:XAUUSDLong
by BA_Investments
USD/JPY: Reversal Signal or More Downside? The Japanese yen has tested prices below 141, an eight-month low for the pair. But eventually pulled back above 142. From a technical perspective, this long wick might look to some traders to be the start of a small reversal before its eventual sojourn lower. Rom a fundamental perspective, US Consumer Price Index (CPI) came in a few hours ago lower than expected. Which means the US Federal Reserve might forgo a 50bps cut in favor of a 25bps next week. This might help support the US dollar in the face of yen strength. Now we have US Producer Price Index (PPI) to look forward to on Thursday. The Yen against Euro could be interesting to keep an eye on too in the lead up to the European Central Bank (ECB) decision. On Thursday, the ECB is expected to cut its interest rate to 3.5% from 3.75%.
by BlackBull_Markets
USD/JPY drops below 141, US CPI drops to 2.5%The Japanese yen has extended its gains on Wednesday. USD/JPY fell as low as 140.70, its lowest level this year, before paring much of the losses. In the North American session, USD/JPY is trading at 141.71 at the time of writing, down 0.52% on the day. The hotly-anticipated US inflation report didn’t shake up the markets as it was pretty much as advertised. Headline CPI eased to 2.5% y/y in August, down from 2.9% in July and matching expectations. This was the fifth straight decline in headline inflation. Monthly, CPI was unchanged at 0.2%, in line with the market estimate. Core CPI was unchanged at 3.2% y/y, matching the market estimate. Monthly, the core rate ticked up to 0.3%, up from the July gain of 0.2% and the market estimate of 0.2%. The inflation report comes just one week before the Federal Reserve meeting on Sept. 18. Market rate cut odds have been swinging wildly as it remains unclear whether the Fed will cut by a modest 25 basis points or a jumbo 50-bps cut. The odds of a 50-bps move surged to 59% after the soft nonfarm payroll report on Friday, but were down to 27% just prior to today’s inflation report and have fallen to 15% following the release, according to the CME’s FedWatch. This puts the likelihood of a 25-bps cut at 85%, although we’re likely to see the odds continue to shift in the days ahead. The Bank of Japan meets on Sept. 20, two days after the Fed meeting. The BoJ is looking to continue tightening but will likely stay on the sidelines next week, as BoJ officials have ruled out a rate hike while the financial markets are unsteady. That could mean that the BoJ will push off a rate hike until December or January. USD/JPY tested support at 141.54 earlier. Below, there is support at 140.79 There is resistance at 142.80 and 143.31
by OANDA
USDJPY - 4hrs ( Buy After Break Out Tp Range 400 PIP ) Pair Name : USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money Key Technical / Direction ( Long After Break Out ) Type : Mid Term Swing ——————————— Bullish Break 142.650 Reasons - Major Turn level - Fixed Range hvn - Inner Trend Break - Visible Range Hvn - inner Choch / 4hrs - Harmonic Pattern Bearish Reversal 147.200 Area Reasons - Major Turn level / W - Visible Range Lvn - Fixed Value - Choch - Pattern Target - Quarters Area
Long
by GentleGoldenEngine
USD/JPY Maintains Bearish Trend Ahead of CPI ReleaseUSD/JPY Maintains Bearish Trend Ahead of CPI Release The overall trend remains bearish as long as the price stays below 142.100, with downside targets at 140.300 and potentially 138.470. A corrective move toward the pivot line at 142.100 is possible before the bearish trend resumes. However, if the price stabilizes above 142.100 with a 4-hour candle close, a bullish move could extend toward 143.680. In general, if the CPI is released as expected around 2.5%, this would support a bearish trend for USD/JPY. Key Levels: Pivot Line: 142.100 Resistance Levels: 143.680, 145.038 Support Levels: 140.300, 138.460 Expected Range: 142.100 - 138.460 Trend: Bearish while below 142.100.
Short
by SroshMayi
USDJPY / TRADING BELOW RESISTANCE TRENDLINE - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS USDJPY , is currently trading below the turning level of 145.446 and remains below the resistance trendline, indicating downward momentum. There are two potential scenarios: The first scenario, Current price is trading below the resistance trend line at 145.446, If the price remains below this level, it is expected to decline , Target levels for this decline are 142.226 and, potentially, 140.745. The second scenario , If the price breaks above the resistance trend line at 145.446 and stabilizes above it , It suggests a potential increase , Target levels for the increase are 147.516 and, potentially, 149.310. UPWARD LEVEL : 147.516 , 149.310. DOWNWARD LEVEL : 142.226 , 140 .745.
Short
by ArinaKarayi