DeGRAM | USDJPY pullback against the major bullish trendUSDJPY is trading in the ascending channel, making higher highs and higher closes.
Price is returning to the support level as a result of the market's pullback.
The marker is likely to go up from the kill zone since the major trend is bullish.
We expect a re-test of the resistance level.
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Usdjpyanalysis
USDJPY: Asian foreign exchange weakens, dollar rises, will interMost Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend.
Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety. Concerns are growing about slowing growth in the region's largest economies.
Japanese Yen fluctuates above 150, waiting for CPI data
The yen fluctuated slightly on Monday but remained just above 150 per dollar and remained near a three-month low.
This week focuses mainly on Japan's consumer price index (CPI) data for January, due on Tuesday. The data is expected to show core inflation is within the Bank of Japan's annual target of 2%, giving the central bank even less incentive to start tightening policy. books strongly.
This notion has put pressure on the yen in recent months, especially as US interest rates are likely to stay higher for longer. However, further declines in the yen were limited by the risk of government intervention, as levels above 150 have attracted intervention in the past.
PCE inflation, Fed signals are paying attention
The dollar index and dollar index futures both rose 0.1% in Asian trading on Monday, after posting their first weekly losses of 2024.
However, the greenback remains near a three-month high as many Federal Reserve officials warn that the bank is in no hurry to start cutting interest rates soon, especially as inflation remains subdued. High.
PCE price index data - the Fed's preferred inflation gauge - is expected to provide further inflation signals this week. Several other Fed officials are also expected to speak this week and may reiterate the outlook for higher interest rates for longer.
USDJPY I Technical and fundamental outlook Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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USD/JPY looks set to perk up heading into the weekendThe 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish trend structure on this timeframe, the bias is for a move back to the week's high with room for a run for 150.80.
USDJPY M15 / Potential Long Move, Waiting for Confirmation✅Hello Traders!
This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY SELL | Setup Trading AnalysisHello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
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USDJPY (H4) Will fall to 148 or increase to 152 ?OANDA:USDJPY USDJPY (H4) Will fall to 148 or increase to 152 ?
The USDJPY market on the H4 timeframe exhibits the following characteristics:
The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur.
The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power.
Simultaneously, the lower end establishes a loosely defined price support region, with cand
lesticks extending below the support area.
Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152.
It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.
UsdJpy- Top in place?As you are aware, I've held a bullish outlook on FX:USDJPY and anticipated a rise from the 145.50-146 zone.
My target of 150 has not only been met but surpassed.
However, after peaking for the year at 150.87, the pair initiated a minor correction and started to consolidate.
While we lack confirmation for a reversal at the moment, there are indications suggesting one might occur.
Firstly, the 150-151 zone appears to be a region the Bank of Japan (BoJ) is determined to defend.
Secondly, the reversal from the peak is an Evening Star candlestick pattern, commonly associated with reversals.
Thirdly, as detailed in a DXY analysis from two days ago, the USD may encounter headwinds and begin to decline.
As mentioned, confirmation is crucial, which would need a break below the 149.50-149 zone.
In the event of such a break, the pair could potentially drop by 400 pips to the significant 145 level.
USDJPY Swing setupI still think USDJPY is about to drop and this time i decided to open a swing trade to hold for some days/weeks. Dollar is actually strong but i see some bearish signals on DXY, and the chart is showing me that UJ is about to reverse. Break of main structure, resistance zone, bearish divergence and more! Expecting a drop
USDJPY I Wait for pullback to key level and bullish continuationWelcome 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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🟢🟢⤵ USD JPY pullback support) what do you think 🤔Hello traders what do you think about USD JPY) FX:USDJPY
Technical analysis 🟢
USD JPY resistance levels pullback momentum bearish momentum short 147.55
USD index this week bullish on 106.000 TVC:DXY I think 💭 JPY full short 🟢🔴
Safe trade ❤🙏 pales like ❣️ and comments follow next analysis 😀
USD/JPY carving out an M-Top candle pattern - SHORT from 149.82USD/JPY has hit resistance at 150.38 and is retreating south.
There's a clear M-Top candle pattern forming.This along with W-Bottom's are 2 of the most relaible candlestick patterns you should look for.
If the price declines to 149.82 then this will be our entry SHORT.
STOP is above the recent highs and take profit is the 200 EMA on H1 at 149.40 though as ever these STOPS and TP's are guidelines as all my trades are actively managed so these levels will frequently change.
Note that we have potentially significant USD news at 13:30 GNP in less than an hour.
US news this week has so far seen some large moves with many numbers missing by several percent.
News at 13:00 is PPI which is usually a huge market mover but any large deviation from the expected 1% estimate will no doubt shift the USD.
We also have Prelim UoM Consumer Sentiment which isn't usually a huge mover but we must also rmember its Friday and in 3 hours or so traders will be leaving their desks so volumes will shrink and this can either lead to wild swings or sideways movement of price.
USDJPY H1 / Short Trade Entry Alert! ✅💲Hello Traders!
This is my idea related to USDJPY H1. I see a double reaction from the FVG H1 and I expect a continuation of a bearish market until the price of 149.500 where we have the OB level.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. 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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USDJPY may continue to growUSDJPY appears poised for continued growth, supported by its pattern of forming higher highs and maintaining trendline support. With this momentum intact, market sentiment suggests an anticipation of further price appreciation. Traders may view this trend as an opportunity for potential upward movement in the USDJPY pair, aligning with bullish expectations.
USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.
USDJPY Day Analysis | Sell SetupHello 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.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
USDJPY I Potential pullback and more growth Welcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!