DeGRAM | USDJPY rebound from supportUSDJPY is moving between the trend lines above the resistance level.
The price has reached the support, which has already acted as a pivot point.
We expect the rebound to continue after the retest of the dynamic support.
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Usdjpyanalysis
USD/JPY bull flag forms at extremely oversold levelsBy Monday's low, USD/JPY had fallen -12.5% from its July high and the daily RSI (14) had reached its most oversold level since 1996. And with a bullish inside day on Tuesday with a potential bull flag forming on the intraday timeframe, dups look good over the near-term for bulls. Whether it can truly capitalise on any decent rally depends on appetite for risk in general, but for now we look at a cheeky long.
USD/JPY Reaches Key Demand Zone: Is a Bullish Reversal Imminent?The Japanese Yen (JPY) has extended its winning streak against the US Dollar (USD) for the fifth consecutive session on Monday. This consistent momentum is driven by increasing expectations that the Bank of Japan (BoJ) may further tighten its monetary policy. The BoJ's potential shift towards a more hawkish stance is attracting significant market attention, as investors anticipate changes that could impact the currency's value. Additionally, the unwinding of carry trades, where investors borrow in low-yielding currencies to invest in higher-yielding assets, is providing sustained support for the JPY. This unwinding trend suggests a repositioning of investments that favors the Yen, contributing to its recent strength.
From a technical standpoint, the current price action has led the USD/JPY pair to a strong demand area, which aligns with multiple indicators pointing to a potential bullish reversal. Firstly, the pair has entered an oversold condition, suggesting that the selling pressure might be overextended and a corrective bounce could be on the horizon. Secondly, there is the potential start of bullish seasonality, a period during which historical data shows the JPY typically performs well. This seasonal trend could further bolster the case for a rebound.
Our supply and demand strategy, which focuses on identifying key levels where price imbalances occur, indicates that the current demand zone is a critical area for a potential price reversal. This strategy has been effective in highlighting areas where buying interest may outweigh selling pressure, leading to upward price movements. Given the confluence of these technical factors, we are closely monitoring the price action for a long setup.
We are particularly attentive to the behavior of the USD/JPY pair in this demand area. Should the price action confirm our expectations, we will look to enter a long position, anticipating a rebound. This approach aligns with our broader market analysis and strategic outlook, which aim to capitalize on identified opportunities supported by both technical indicators and market fundamentals.
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DeGRAM | USDJPY dropped below the trendlineUSDJPY is moving under an ascending channel between the trend lines.
The chart has fallen under the 50% retracement level.
We expect the decline to continue.
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A volatile day for USDJPYUSD/JPY trades flat below 153.00 after BoJ surprise-led wild swings
USD/JPY is trading modestly flat below 153.00, digesting the Bank of Japan's (BoJ) surprise interest-rate hike by 15 bps. The pair saw wild swings on either side after the BoJ announcements. Governor Ueda's presser eyed.
The USD/JPY pair trades back and forth in a tight range above the crucial support of 156.00 on Monday’s European session. The asset shifts to the sidelines with investors focusing on the interest rate announcements by the Bank of Japan (BoJ) and the Federal Reserve (Fed), which are scheduled for Wednesday.
BUY USDJPY zone 152.500 Stoploss 152.000
USDJPY: +1800 PIPS Big Buying Opportunity! Dear Traders,
Hope you are doing great last two setups on USDJPY, did not work out in our favour, however, we still aim for price to grow after touching our area. Please wait for price to drop to our area before entering or taking any entries.
Good luck and trade safe.
#USDJPY: +1200 Pips Major Swing Buy! Dear Traders,
Due sudden bullish move on JPY index, price fell to 152.00 region compared to 155.00 which was our area for reversal in our last idea which hit breakeven after being in profit of 180+ pips. So now we have possible reversal point from this area, however, the price is still tricky. Please use accurate risk management.
Good luck.
Usdjpy upUSD/JPY: To test 150.50 in short term – UOB GroupSharp drop in USD has scope to extend. Any decline is likely part of a lower trading range of 150.50/155.00, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
Bears to break below 150.50
24-HOUR VIEW: “Our view for USD to trade in a range was incorrect. USD traded in a volatile manner, rising to 155.21 before plunging to a low of 152.64. The sharp drop from the high has scope to extend, but given that conditions are approaching oversold levels, it is yet to be determined if any further decline can reach the major support at 151.30 (there is another support level at 151.90). Resistance levels are at 153.20 and 153.80.”
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
DeGRAM | USDJPY rebound from the trend lineUSDJPY is moving under a descending channel between the trend lines.
The price still remains above an important support level.
The chart touched the trend line, which was already a pivot point.
We expect a rebound after the support is retested.
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Dont Trade the Breakout on USDJPY > Trade the Demand Zonethe level of 151.940 should act as demand or support zone it was a resistance level from the monthly time frame where in the price just recently retested the level
the area of 152.750 to 151.940 seems to be the longs area
so i suggest to wait for price to retrace back to demand zone (aligned with DXY)
and then plan the trade
further updates will be posted in comments
Implied volatility for USD/JPY spikes ahead of BOJ, FOMCThis time tomorrow we will finally know the outcome of the BOJ and FOMC meetings. Options traders clearly have it on their radar, as the 1-day implied volatility band has expanded to nearly 4x its usual range (defined with a 20-day average).
But with bets of a hike already accompanied with a much weaker yen, traders may also want to be on guard for the potential the hike is already priced in. Or that the BOJ don't hike at all. The latter scenario could also help USD/JPY bounce quite hard heading into the FOMC meeting, where a loss-dovish-than-expected Fed could send it higher still.
There is a support zone between 151.30 - 152 made up of several technical levels including a high-volume node, previous MOF intervention level and the 152 handle itself. Bulls could seek cheeky longs around such levels heading into the BOJ meeting and look to exit prior. Or hold on if they think the BOJ will disappoint (which they tend to do these days at their meetings). and that could see 152 act as a springboard.
However, the 151.30 - 152 zone could quickly turn into an opened trap door should the BOJ deliver the hawkish meeting alongside a dovish tone from the Fed that markets are so desperately seeking.
USDJPY - at historical support? What's next??#USDJPY.. important data from Bank of Japan in today and pair on his one of the most important supporting area 152 around.
So many times BOJ intervision here in history.
Keep close 152 only on confirmation below that means cut n reverse otherwise not at all.
Good luck
Trade wisely
USDJPY Analysis==>>Falling Wedge PatternUSDJPY is moving in an Ascending Channel and Falling Wedge Pattern .
According to the theory of Elliott waves , USDJPY seems to have succeeded in completing corrective waves in the Falling Wedge Pattern .
I expect USDJPY to rise to at least the first target after breaking the upper line of the Falling Wedge Pattern .
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
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GBPJPY and USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY Up zoneUSD/JPY is extending recovery above 155.00 in the European session on Tuesday. The pair stretches higher, as the US Dollar capitalizes on a cautious mood while Japanese Yen traders adjust their positions ahead of Wednesday's BoJ policy decision. The USD/JPY pair trades back and forth in a tight range above the crucial support of 156.00 on Monday’s European session. The asset shifts to the sidelines with investors focusing on the interest rate announcements by the Bank of Japan (BoJ) and the Federal Reserve (Fed), which are scheduled for Wednesday.
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
UsdJpy could test 157,50 zone (250 pips rise)After an impressive 1000-pip drop in two weeks, USD/JPY reversed precisely from an old resistance level, now support at 152.
At this point, we also see a higher low in place, and bulls seem determined to recover lost ground.
In the overall trend, the 1000-pip drop is merely a correction and even if there will be a new leg down toward the important 150 level, a test of the 157.50 zone is probable.
I remain bullish as long as the 152.80-153.00 zone holds intact.
Buying dips below 154 could be a good strategy with a risk-reward ratio of more than 1:3.
DeGRAM | USDJPY held above the trend linesUSDJPY is moving under an ascending channel above the trend lines.
The price has held above the strong support level, which has already acted as a pivot point.
The chart bounced off the dynamic support, which was already acting as a pivot point.
We expect the rebound to continue after consolidation above the dynamic resistance.
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AUDJPY IndecisionThis price has been having a bearish momentum and for the last day, there was a doji candle, which indicates an indecision.
I anticipate that the momentum will continue, provided that the candlestick that follows next does not close above the doji candle.
An analysis using a smaller timeframe will follow.
USDJPY → Trade Analysis | SELL SetupThe price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
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.
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