DeGRAM | USDJPY growth in the channelUSDJPY is in an ascending channel between the trend lines.
The chart is moving from the lower boundary of the channel and dynamic support.
The price is holding above the mirror support level.
We expect the growth to continue after consolidation above the support level.
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Usdjpyanalysis
USD/JPY "The Gopher" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 163.000
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USDJPY BUY | Idea Trading AnalysisUSDJPY is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
USDJPY LONG | BUY TRADE IDEA (W/B: 23/12/2024)Guyssss! Happy New Year soon! I bring you a gift to close out the year!
As you can see we are in a bullish order flow, with protected lows. With a nice RR of 2.8 on TP1 and 3.07 on final TP, this trade takes advantage of the recent structural breaks.
Enjoy! Good luck and enjoy the end of the year!
USDJPYHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair.
Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame .
USDJPY is currently trading at around 151.800 after making its correction down to 150.400 .
Scenario 1: SELLS from higher levels (153.300)
We are at 153.300.
That would confirm our pullback to the uspide and as long as it’s respected, we should continue to the downside to our next KL (Key Level) sitting at 150.400.
Scenario 2: SELLS from 150.400
We dropped down to our Key Level 150.400 . If broken we should see more sells down to our targeted zones 149.500 - 149.000 .
Scenario 3: BUYS from 154.700.
We broke above 154.700 and are trading above it. We should see more upside potentially reaching new highs at around 158.800 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 153.000 - 153.300 . Be patient and stay tuned for updates on this pair.
KEY NOTES
- USDJPY breaking below 150.400 would confirm sells down to 149.500 - 149.000.
- USDJPY failing to break above 153.300 would confirm sells.
- Breaks above 154.700 would show signs of reverse and could potentially rise up to 158.800.
Happy trading!
FxPocket
USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement.
Explanation:
1: Hidden Bearish Divergence:
The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal.
2: Double Top Formation:
A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward.
3: Market Structure Shift:
The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment.
4: Potential Reversal Zone (PRZ):
The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down.
This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.
USDJPY - Short active !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect bearish price action as price rejected from bearish OB + institutional big figure 154.000. As well we have hidden divergence for sell.
Fundamental news: On Wednesday (GMT+2) we will see results of Interest Rate on USD and on Thursday on JPY, news with high impact on currencies.
Like, comment and subscribe to be in touch with my content!
DeGRAM | USDJPY preparing for the pullbackUSDJPY is in an ascending channel between the trend lines.
The price has already reached the upper boundary of the channel and the trend line, and now it has fallen under the resistance level.
The chart has formed a harmonic pattern.
We expect a pullback from the dynamic resistance.
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Update levels USDJPY 11.12.24The whole scenario is going exactly according to plan, we reached the level of 152 where the price has support as another insight I have to take into account the fact that we are only at the first significant fibo level and the npoc is only at the level of 0.618 so for now I still see a lot of space here and not quite right set up confirmation.
USDJPY BUY | Idea Trading AnalysisUSDJPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
DeGRAM | USDJPY pullback from resistanceUSDJPY is in an ascending channel between the trend lines.
The chart indicates that it is overbought.
The price has reached an important resistance level.
We expect a pullback.
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USD/JPY on the Rebound: Key Insights Ahead of November NFPThe USD/JPY currency pair is witnessing the US Dollar regaining some strength following its reversal on November 15. As market participants look ahead to the critical US Nonfarm Payrolls (NFP) report for November, they are eager for insights into the current labor market conditions. Economists predict that the US economy added around 200,000 jobs, a significant increase compared to October's modest gain of just 12,000. It's worth noting that the NFP estimates for various sectors were impacted by hurricanes that occurred last month. Additionally, the Unemployment Rate is projected to rise slightly to 4.2% from the previous figure of 4.1%.
Attention will also be focused on the US Average Hourly Earnings data, which will provide clues about wage growth trends. An uptick in wages can drive consumer spending, potentially fueling inflation and reigniting concerns about sustained price pressures. Such developments may influence market expectations regarding the Federal Reserve's stance ahead of its December meeting.
Currently, the USD is experiencing a rebound from a demand support zone. Although seasonal forecasts indicate a possible bearish trend, there is potential for the USD to strengthen further, possibly testing the 155 level again.
✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
DeGRAM | USDJPY is preparing for a pullbackUSDJPY is in a descending channel between the trend lines.
The chart has broken the descending structure.
The price is moving from the dynamic support and now approached the dynamic resistance.
We expect a pullback after a retest of the upper trend line.
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DeGRAM | USDJPY rebound from the retracement levelUSDJPY is above the descending channel between the trend lines.
The chart has formed a harmonic pattern.
The price has already reached the dynamic support level, which previously acted as a rebound point, and is now above the 62% retracement level.
We expect the price to rebound.
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#USDJPY Taking a closer look at the USD/JPY pair on the 1-hour timeframe, the current price action highlights a significant area of interest that could dictate the next move in the market. The momentum appears to be building around this key zone, offering potential opportunities for both intraday traders looking for quick gains and scalpers aiming to capitalize on shorter movements. Whether it leads to a breakout or a reversal will depend on how the price interacts with these critical levels, making patience and confirmation essential for executing a well-timed and calculated trade.
USDJPY CHART UPDATESUSD/JPY is anticipated to experience heightened volatility as key economic events unfold. With market participants closely monitoring fundamental drivers, the pair may test critical support and resistance levels. Patience and precision will be essential as traders await potential breakout or reversal signals in the coming sessions...
USDJPY Daily Analysis: Slight Bearish Bias as Economic DataUSDJPY Daily Analysis: Slight Bearish Bias as Economic Data and Market Sentiment Weigh on the Pair 03/12/2024
Introduction
USDJPY is expected to show a slight bearish bias today as a combination of weaker U.S. economic data, dovish Federal Reserve expectations, and strengthening risk sentiment exert downward pressure on the pair. This article breaks down the key factors influencing USDJPY’s potential move today, highlighting the fundamental drivers behind the bearish outlook.
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Key Drivers Influencing USDJPY
1. Dovish Fed Outlook and U.S. Economic Data
The U.S. Federal Reserve's recent stance has remained cautious, signaling that further interest rate hikes are less likely in the near term. This dovish bias, coupled with disappointing economic data from the U.S., including weaker-than-expected manufacturing PMI and labor market figures, is reducing the appeal of the U.S. dollar (USD) relative to other currencies. As market expectations for a pause in U.S. monetary tightening grow, the USD faces pressure, contributing to the bearish outlook for USDJPY.
2. Improved Global Risk Sentiment
There has been a shift towards a risk-on sentiment in global markets, with stock markets showing positive momentum. As investors turn to riskier assets, the Japanese yen (JPY) tends to benefit due to its status as a safe-haven currency. A strong yen in a risk-on environment can weigh on USDJPY, especially as the Japanese economy shows resilience in key sectors like exports and manufacturing.
3. Declining U.S. Bond Yields
U.S. Treasury yields have softened recently, which has reduced the appeal of holding U.S. assets. Lower yields on U.S. government bonds make the dollar less attractive, particularly against currencies like the JPY, which has relatively higher yield expectations. This decline in U.S. bond yields contributes to the negative sentiment around USDJPY.
4. Positive Data from Japan
Japan's economic fundamentals are showing strength, particularly in the export sector. Data indicating stable economic growth and a positive outlook for Japan’s trade balance further supports the Japanese yen. As Japan benefits from stronger export performance, the JPY is gaining in value, adding pressure to USDJPY's upward momentum.
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Technical Analysis
Moving Averages and RSI
USDJPY is trading just below its 50-day moving average, suggesting a potential for bearish continuation. The Relative Strength Index (RSI) is approaching the overbought territory, indicating that the pair may be nearing a correction. If the RSI continues to fall, it could signal a deeper pullback in the pair.
MACD and Key Levels
The Moving Average Convergence Divergence (MACD) shows a slight bearish crossover, reinforcing the downtrend in USDJPY. Immediate resistance is at 148.00, while support is seen around 147.00. A break below 147.00 could lead to further downside, with the next key support level at 146.50.
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Conclusion
USDJPY is likely to experience a slight bearish bias today due to a combination of dovish Federal Reserve expectations, soft U.S. economic data, and a risk-on market sentiment that favors the Japanese yen. Traders should monitor key support levels and watch for any changes in U.S. economic conditions or global risk sentiment, as these factors will play a crucial role in determining the pair’s movement in the short term.
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USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness USDJPY Daily Analysis: Slight Bearish Bias Amid Dollar Weakness and Yen Resilience 02/12/2024
Introduction
The USDJPY pair is projected to lean slightly bearish today, driven by continued U.S. dollar (USD) weakness and the Japanese yen’s (JPY) resilience as a safe-haven asset. With risk sentiment in flux and U.S. Treasury yields declining, the pair faces downward pressure. This article provides an in-depth analysis of the fundamental and technical factors shaping USDJPY’s outlook for the day.
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Key Drivers Influencing USDJPY
1. Weak U.S. Dollar Sentiment
The USD remains under pressure following last week’s dovish remarks from Federal Reserve officials, which signaled a pause in interest rate hikes. With market expectations of monetary easing in 2025 growing, the dollar’s attractiveness continues to decline, weighing on USDJPY.
2. Japanese Yen's Safe-Haven Demand
The JPY is benefiting from its status as a safe-haven currency amid lingering global uncertainties. Concerns about geopolitical tensions and slower global growth are keeping investors cautious, favoring the yen over the dollar.
3. Declining U.S. Treasury Yields
Lower U.S. Treasury yields are eroding the yield advantage of the USD against the JPY. The 10-year Treasury yield has fallen below key levels, diminishing the carry trade appeal that often supports USDJPY.
4. Economic Divergence
While Japan’s economic recovery remains modest, the stability in inflation and a cautious Bank of Japan (BoJ) monetary policy provide support for the yen. In contrast, slowing U.S. economic data, including weaker consumer spending and manufacturing activity, adds to bearish sentiment for USDJPY.
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Technical Analysis
Moving Averages and RSI
USDJPY is trading below its 50-day moving average, reinforcing bearish momentum. The Relative Strength Index (RSI) is hovering near oversold territory, suggesting limited downside but no immediate reversal signals.
MACD and Key Levels
The MACD indicator shows a continuation of bearish momentum. Immediate support lies at 147.80, and a break below could target 147.00. Resistance is capped at 148.50, which may limit any corrective movements.
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Conclusion
USDJPY is likely to exhibit a slight bearish bias today as fundamental factors such as dollar weakness, safe-haven demand for the yen, and declining U.S. Treasury yields align against the pair. Traders should remain cautious of intraday volatility driven by economic data releases or sudden risk sentiment shifts.
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Scenario on USDJPY In this market, I'm going exactly according to plan. The market turned beautifully at the fibo level of 0.786 and continued according to the previous prediction according to the bearish scenario. This chart today is just about adjusting the level. Now I'm waiting for a return to the price level of something around 152. If the price rejects, there is a potential entry into the short.