USDJPY BEARISH wedge clearly visible
I will be selling to target demand (4h). Long term idea remains bearish !!
Usdjpyanalysis
USDJPY
In the 4-hour timeframe, USD/JPY is displaying a bearish bias, evident by a breakout from consolidations on the downside. Traders might seek to enter selling positions after a correction, typically ranging from 61% to 78%, has been completed, anticipating further downward movement. Monitoring for confirmation of the correction's end could help in timing entry points more effectively amidst the prevailing bearish sentiment.
USDJPY: Asian foreign exchange was little changed, the dollar neMost Asian currencies were range-bound on Monday, while the dollar fell near a two-month low as markets awaited key US inflation data for further reading. signals about when the Federal Reserve will cut interest rates.
Regional currencies are surging from last week after dovish signals from Fed Chairman Jerome Powell and labor data reinforced expectations that the central bank will begin cutting interest rates soon. after June.
This notion weighed on the dollar, dragging the greenback to a nearly two-month low.
Japanese yen is nearly 1 month high as expectations of BOJ's pivot increase
The Japanese yen is one of the currencies that has benefited the most from the dollar's decline, rising sharply in the past two sessions to its highest level in more than a month.
The yen traded around 147 per dollar on Monday and was also supported by growing confidence that the Bank of Japan is close to ending its policy of negative interest rates and yield curve control this week. next.
The upwardly revised GDP data shows that the Japanese economy is avoiding a technical recession in the fourth quarter. The strength of the economy gives the BOJ more room to tighten policy sooner.
The BOJ is expected to hold a meeting next week, with a Reuters report saying that policymakers are considering changing interest rates in March or late April.
Other Asian currencies moved in flat to low ranges. The Australian dollar fell 0.2% as expectations that the Reserve Bank would gradually increase interest rates weighed on the currency.
Signs of cooling economic growth also raise expectations that the RBA will cut interest rates this year.
USDJPY: Has bears taken over UJ?Dear Traders,
FX:USDJPY reached the maximum bullish exhaustion point, currently the consolidation phase is going on expecting huge volume coming on tomorrow. Sellers will likely to dominate in this month as corrections on all JPY pairs will begin in soon time. Meanwhile, We will be focusing on targeting the ‘target one’ and then we will update the chart idea to alert you all. Focus on keeping the stop loss around 100-120 pips max since it is swing entry stop loss will be greater and so the take profit; overall we are targeting 700 pips.
Good luck and trade safe!
USDJPYHello everyone,
New week ahead. Looking forward to it!
Last week we had red folder news. BTC is pumping, gold is following.
I did my TA last night for my point of interset.
If you look back at the charts, you can see why I am not putting limits.
If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq crap or the next demand zone.
When the entrée come, a 3RR is target, but you can also follow the price to the next interest zone.
I try to update when I am taking a position.
USDJPY H2 / Possible Reversal from OB and Supply Area✅💡Hello Traders!
This is my idea related to USDJPY H2. I expect another retracement in the OB level and after that I will execute a long trade in case of confirmation. I see the price to go up until the level of 149.500.
Wait for confirmation!
Apply Risk Management!
Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives.
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USDJPY big picture in daily time frame USDJPY: On the daily time frame, after hitting the middle line of the horizontal white channel, it cannot return to its upward purple channel. Therefore, it can hunt for twin ceiling after collecting liquidity. If it turns, it will most likely lose its last support and enter a long-term downtrend
usdjpy has formed a twin ceilingIn the daily time frame, usdjpy could not break its previous ceiling and weakness in the power of buyers is observed. In the weekly time frame, the price is in the range of the ceiling of the descending channel and the ceiling of the ascending cycle, and it seems that we will see a correction in the weekly candles: either a large correction after collecting liquidity above the twin ceiling or a retest to the ceiling of the broken channel and then movement to 176.
USD/JPY: Will External Liquidity Drain Trigger a Yen Surge?
The USD/JPY pair has been on a tear lately, but a potential shift in global liquidity conditions could throw a wrench into the rally.
The Story: Recent economic data and central bank policy stances have favored the US dollar, pushing the pair higher. However, concerns are rising that external liquidity, or the flow of funds from overseas investors, might be drying up.
Why it Matters: External liquidity has been a key driver of the USD/JPY appreciation. If this support weakens, it could lead to a reversal of fortunes for the pair, potentially propelling the Japanese Yen higher.
Factors to Watch:
Global risk sentiment: Rising geopolitical tensions or economic uncertainties could trigger a flight to safe havens, like the Yen.
US Federal Reserve policy: The Fed's stance on future interest rate hikes will continue to influence the relative attractiveness of the dollar.
Japan's economic performance: If Japan's economy shows signs of improvement, it could boost confidence in the Yen.
The Trade: This is not a trade recommendation, but the potential for a USD/JPY reversal due to shifting liquidity conditions is a developing story worth watching.
Stay tuned: As the situation unfolds, keep an eye on these factors to see if they translate into a Yen comeback against the US dollar.
UsdJpy broke down strongly. 145 zone next?As I anticipated and drew attention to two weeks ago, FX:USDJPY peaked above 150 and, after several days of distribution, experienced a significant breakdown yesterday below the 149 support level.
At the time of writing, the pair is trading at 148, and I anticipate further downside movement. The target zone is around 145, and the recommended strategy is to sell rallies.
USDJPY,🟢Can price move highr...?🟢(Details on caption)As you can see, the price was in the range for a while and there is a liquidity pool on both sides of this range.
A sell-side liquidity in daily FVG makes this FVG a high probability support and we can also define the bullish 4-hour breaker block inside the FVG.
Now, we can expect price support from the FVG and move higher to collect the liquidity above the previous highs.
Please pay attention: We need LTF confirmation to execute the buy position.
💡Wait for the update!
🗓️06/03/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
USDJPY: Thoughts and Analysis (Pattern discussion)Today's focus: USDJPY
Pattern – Consolidation (Bullish?)
Support – 149.84
Resistance – 150.81, 151.745
Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY on the daily chart.
Simple story today: will the current price consolidation break higher (with trend) or break lower, setting off distribution? We find it's important to break down patterns in the process and not just after they confirm or start to confirm so you can map out an action plan depending on what happens next with price.
Due to the situation with the BOJ, moves higher could set off intervention worries, and we also have Fed testimony and NFP this week for the USD.
Good trading.
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels.
The greenback index and greenback index futures had been consistent at some point of the session
buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions.
While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June.
But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. .
Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
USDJPY BUY USING PO3 ? (market cycles)hello guys i hope you are having a good week ,
today i am looking at USDJPY
this weekly candle on usdjpy closes as a hammer looking like candle indicating buy.
for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation.
my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area.
but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy .
keep in mind very very action packed week ahead trade safe !
USDJPY: Waiting For The Next Swing Move 🇺🇸🇯🇵
USDJPY is trading in a bullish trend.
After the price set a new higher high, we see quite an extended consolidation
within a horizontal range.
150.9 is the resistance of the range.
If the market breaks and closes above that on a daily,
we can anticipate a trend-following movement.
Next resistance will be 151.6
Alternatively, a bearish breakout of the support of the range
may trigger a bearish continuation.
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USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line
RSI - Divergence
Break of Structure
Completed " 123 " Impulsive Waves
USDJPY → About to Breakout to New Highs? Let's Maximize Profits!USDJPY is on its third leg up in this bull channel that started at 141.000. We're near the top of Resistance Zone, is a long justified?
How do we trade this? 🤔
We need confirmation of a breakout to justify a long. After the initial bull run to 152.000, USDJPY pulled back with three legs to 140.200 and followed with a run to our current position of just over 149.000. The price action is technically at a new high in this run which could be the top of the third and final leg up.
Given the two strong bull bar closes on February 2nd and 8th and the lack of a sell signal, I do not believe this leg is over yet. What we need is a close above the Resistance Zone at 150.000 followed by a test of the top of Resistance as support. Once we see that support, it's reasonable to enter a long position with a 1:2 Risk/Reward Ratio. Take half profits at 1:1 Risk/Reward which is 151.200, move the stop loss up to the entry price to lock in profits, then swing the second half above the previous 152.000 high. 152.000 is a significant resistance area and I would be cautious to assume we'll make it to that price, however, the trend is our friend until the very end. Until we have a reason to change our bias, we must remain long.
💡 Trade Idea 💡
Long Entry: 150.385
🟥 Stop Loss: $149.250
✅ Take Profit #1: $151.200
✅ Take Profit #2: $152.650
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two strong legs up in a micro bull channel.
2. Third leg in progress, strong bull bar closes on February 2nd and 8th, indicating more upward momentum.
3. Near the top of the Resistance Zone, wait for a close above and test of Resistance as Support.
4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward.
5. RSI at 63.00 and above the moving average, supports long bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Bullish Channel as an Correction Pattern in Short Time Frame with the Breakout of the Lower Trend Line
Break of Structure
Consolidation Phase
Completed " 1234 " Impulsive Waves
RSI - Divergence
USDJPY I Technical and fundamental analysis & Trading PlanWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USDJPY Weekly analysisHello, traders here is an analysis of USDJPY you can see that the price has rejected this area two times and there is a likelihood that the price can do it again, I just have to wait for it to go below that zone and retest it then I can look for bearish opportunities. If the price goes up then I will do the same thing wait for it to go above the highlighted zone and retest it then I will look for bullish opportunities.
USDJPY 1H ProjectionUSDJPY 1H Projection
All over market in bullish trend.
short term inducement sell not enough volume for upward move.
