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Usdjpyanalysis

USD/JPY continues to struggle ~158Over the past three days we have seen two false breaks above 158, both resulting with a daily shooting star reversal. The upper wicks also serve as a double top above 158, and with US economic data slowly souring, the case for a top on USD/JPY is building. Prices have found support around the May high, and another crack at 158 would not come as a surprise. Yet given that the daily RSI (2) is overbought and has formed a bearish divergence on the 4-hour chart, and the highest volume of yesterday coincided with a large bearish bar, the bias remains to fade into rallies around 158 or Friday's high in anticipation of its next leg lower. 157.30, 157 and 156.60 are the next downside targets for bears to consider.
Short
by CityIndex
USD/JPY: Keeping an eye on false breaksOn Friday we saw USD/JPY failed to hold onto intraday gains above 158 following the BOJ meeting, and close the day back beneath the prior 'MOF intervention' level to form a shooting star candle. Prices drifted higher on Monday on relatively low volume, putting us once again on guard for either a false break of 158 or Friday's high. We're seeing a simple countertrend move back down to the high-volume node around 157.30 or even 157, should US data surprise enough to the downside later today.
Short
by CityIndex
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
USDJPY - Expect retracement !!Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. For now I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block Fundamental news: Tomorrow (GMT+3) we have important news in USA, we will see results of CPI and Interest Rate. As well on Friday we will have news regarding Interest Rate in Japan. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
Short Idea on USDJPYUSDJPY made an attempt to breakout from symmetrical triangle pattern on 12/6/2024 before US CPI Data released. After US CPI Data released on 12/6/2024, the USDJPY dropped tremendously from 157.37 to 155.75 level. Today 13/6/2024, USDJPY climbed to sensitive rejection level 157.35 again. On 4-Hours Timeframe Chart, you can see a potential Head & Shoulder Formation. The USDJPY Price is currently forming a possible right shoulder, which potential peak will be at between 157.30 to 157.40 area. If a Solid Bear candlestick formed break the support of 156.90 Level, you will see a waterfall happening to 154.90 level. My Entry Price: 157.26 Profit Target: 154.90 Stop Loss: 158.15 Risk : Reward: 1 : 2.61
Short
by PeterGHL
Volatility strikes USD/JPY within rangeThe whipsaws for the US dollar around US CPI and the FOMC meeting made its mark on USD/JPY, which closed the day with a large hanging man candle beneath the May high. Markets are still deciding whether to pay closer attention to softer inflation data or the Fed's relatively hawkish meeting, and that likely means confusing price action on USD pairs. The 1-hour chart shows strong volume accompanying the rally from Wednesday's low, which suggests another crack at breaking above the week's high. But with plenty of resistance overhead, bears may be tempted to fade into rallies on hopes of driving the pair back to the range lows around 155.
Short
by CityIndex
USDJPY sideway waits NONFARM to break narrow marginThe Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the JPY while also mentioning that there is no limit to the resources for the foreign exchange intervention fund. The dollar is struggling after weak US employment data raises hopes that the FED will lower interest rates twice in 2024. Economists predict a rate cut in September in addition to the possibility of another cut. The possibility of the FED lowering interest rates in September. In the h4 time frame, there have been signs of a bearish reversal in the USDJPY pair. The 34 EMA has crossed down to the 89 EMA and the recently created highs are getting lower. Overall, the pair is still stuck in a narrowing price band and is waiting for Nonfarm today to break out of the band. Pay attention to important support and resistance zones: Support: 156,400-153,600 Resistance: 154,500-157,700
by TVS-Trader
1
USDJPY TO 160+ 12H CHARTI have USDJPY going to 160 and beyond..... price may be a little choppy until then but I am Long on this pair and I've been using every dip (when price takes bearish dive) as a buying opportunity. I can see price testing the previous highs of 157.844 (yellow level) and eventually breaking and closing above it, once this level of previous resistance (157.844) is then used as support; that will act as yet another form of confirmation that price in en'route the 160 level.
Long
by DeniroFX
2
USDJPY: Swing Sell Happening! AB=CD PatternFX:USDJPY Price is currently in process of making AB=CD pattern; after USDJPY created a record Higher High, most of the traders were expecting price to drop heavy and it just did that. After dropping heavily, price made some correction and formed a AB=CD pattern which is where we can expect price to drop exactly in same amount as A to B made. Our final target is 145-147 which will be somewhere 800-1000 pips. Use proper risk management.
Short
by Setupsfx_
11
USDJPY - Expect bearish price action !!Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. I expect bearish price action as price filled that huge imbalance and now could reject from bearish order block. Fundamental news: On Friday (GMT+3) we have NFP day. News with high impact USD, so pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4
✨FULL USDJPY. Multitimeframe Analysis✨☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!
by Yelli_trades
8