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Usdjpyanalysis

Long Position on USDJPY-4HHello Traders ! This is the USDJPY Technical Viewpoint in The Long Term . After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD. We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart. Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Long
by aymanjemghili
1
USDJPY Shorts from 145.500 back down towards 142.000This week's strategy involves following the ongoing bearish trend in USDJPY. I plan to initiate sell positions around the newly formed 4-hour supply zone. To execute this, I'll wait for a redistribution pattern to unfold and a clear CHOCH signal before considering a sell. It's important to note that there's a possibility of price pushing higher to test the 14-hour or daily supply above. Considering that price has already reacted to a supply zone, it wouldn't be surprising if it continues lower towards the 15-hour demand zone. In such a scenario, I'll be on the lookout for a buying opportunity, but I'll wait for the Asian low to be breached within that zone, potentially in the form of a spring, before considering a buy. Confluences for USDJPY Sells are as follows: - 4hr or 14hr supply zone that has caused a break of structure to the downside. - Price is completed a retracement so we can expect a wyckoff distribution to play out. - Lots of major trend lines still left below on the high time frame that needs to get swept. - Price has been in a very bearish trend ever since it failed to take the all time highs. - The dollar is also looking bearish so I can expect more downside for this pair too. P.S. As I currently hold a strong bearish stance on USDJPY, I won't be surprised if the demand zone fails due to significant liquidity below it. However, at the moment, my primary focus is on potential sell opportunities, considering that price has recently completed a retracement. My strategy aligns with the prevailing bearish trend.
by Hassan_fx
1
USDJPY I Retest and Rejection to DownsideWelcome 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!
Short
by BKTradingAcademy
1
USDJPY → Descending Wedge Bullish Pattern! Should We Long Here?USDJPY is forming a descending wedge pattern signaling bullish sentiment and setting us up for a long position. Are we in a position to short now? How do we trade this? 🤔 We have the wicks! But we need confirmation. We've had three pushes down that include two large wicks and some nice bullish price action that followed. What we need now is a push and a close above the Daily 30EMA to confirm the move up. These conditions will give us enough probability to enter a long. I'm playing this trade conservatively because we do have a few items working against us: 1. Lack of a Higher High 2. The Former Support Zone could act as a resistance 3. The Daily 200EMA is right above that former Support Zone (now Resistance). That being said, we have a setup for a long scalp and if we size our position properly, this is a good opportunity to grab some market movement. 💡 Trade Idea 💡 Long Entry: 142.200 🟥 Stop Loss: 140.000 ✅ Take Profit: 144.400 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Descending Wedge after Extensive Bear Run. Bias to Long. 2. Last three touches of Support had Strong Wicks. Bias to Long. 3. Look for break above 30EMA followed by Test of Support. 4. Enter 1:1 Long Scalp with Confirmation 5. RSI at 41.00 and above Moving Average. Bias to Long. 💰 Trading Tip 💰 Descending Wedges signal an increased probability of a trend reversal. Combined with strong buy bars (candles with large wicks on the bottom), creates conditions where a reversal trade is reasonable. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
10
USDJPY I Japanese Yen Will Keep On Rolling BUT Look for This!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!
Short
by BKTradingAcademy
1
USDJPY Shorts from 142.500 down towards 140.000My bias for USDJPY is pro-trend, aiming for a bearish move within a nearby 10hr supply zone. Currently, I expect a bit more upside and a redistribution within my point of interest (POI). Upon confirmation of these factors and other confluences, I'm inclined to sell down towards the psychological level of 140.000. I am also anticipating a bullish reaction from the 7hr demand, which has caused a break of structure (BOS) to the upside, I recognise the importance of waiting for price to reach a discounted or premium area due to its current equilibrium state. However, considering the recent BOS to the downside, I anticipate a retracement to a supply zone for a potential sell-off. Confluences for USDJPY Sells are as follows: - price has broken structure to the downside and has left clean 10hr supply zone. - Price is currently in a retracement so we can expect a wyckoff distribution to play out. - Lots of major trendiness still left below on the high time frame that needs to get swept. - Price has been in a very bearish trend ever since it failed to take the all time highs. - The dollar is also looking bearish so I can expect more downside for this pair too. P.S. As this trade aligns with the prevailing trend, the selling proposition is currently highly favorable. While the Fibonacci range indicates that the 14hr supply is more likely, I foresee the possibility of the 10hr supply failing to react off the 14hr at a more premium level. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
by Hassan_fx
1
USDJPYOn the monthly chart, the price has completed a long term market correctio. We have seen a reaction from the monthly demand indicating order flow has shifted to bearish. On the weekly charts, we have an internal shift in order flow and a correction that is complete confirming our long-term bearish outlook. On the daily charts we anticipate a correction to mitigate the 146-147 region, there is a possibility the market might go higher so we will wait for confirmation for either buy limit targeting 146-147 or sell limit from the same region or higher.
Long
by morrisgitau
1
USDJPY: USD/JPY hit a 5-month low due to Fed - BoJ policy divergJPY's rally benefited from hawkish comments from BoJ Governor Ueda when he emphasized policy divergence between the Fed and BoJ. USDJPY is falling again after 2 consecutive sessions of increase. Technical indicators show that the downward momentum is still strong. The key resistance to watch is the 200-day MA at 142.75, with the next target at 143 and 144. On the contrary, if the price can be maintained below this mark, the downtrend will be consolidated. Sellers may aim for the 141.90/85 zone, followed by the multi-month bottom at 141 set last week, support at 140.45 and the 140 mark.
Long
by Chart_MasterPro
USD/JPY Under Pressure: Dovish Fed Outlook and BoJ's Caution..USD/JPY Under Pressure: Dovish Fed Outlook and BoJ's Caution Fuel Bearish Momentum The USD/JPY pair continues to experience losses as the US Dollar (USD) weakens, influenced by the dovish outlook presented by the Federal Reserve (Fed) in the first quarter of 2024. The recent decline gained momentum on Friday, triggered by softer domestic consumer inflation data, amplifying uncertainty regarding the potential timing of the Bank of Japan (BoJ) tightening its ultra-loose policy. Minutes from the BoJ's October monetary policy meeting further indicated a commitment to maintaining the current accommodative stance, putting additional downward pressure on the Japanese Yen (JPY). Market Developments: As the USD/JPY pair trades lower around 140.70 during the early European session on Thursday, attention is drawn to the psychological areas of 141.00 and 141.600, which now pose as immediate resistance levels. The next significant barrier is identified at the 142.00 level, suggesting that the pair faces an uphill struggle in its attempt to reverse the prevailing bearish sentiment. Technical Analysis and Correlation: Building on our technical analysis and considering the correlation with the EUR/USD pairs, the outlook for USD/JPY points towards a continuation of the bearish momentum. The dovish Fed stance and cautious BoJ approach contribute to the prevailing downward pressure on the USD/JPY pair, emphasizing the potential for further losses in the near term. Looking Ahead: The uncertainty surrounding the timing of the BoJ's policy tightening and the dovish tone from the Fed are likely to remain key drivers for the USD/JPY pair. Traders and investors will closely monitor any developments in monetary policy discussions and economic indicators that could offer insights into the future direction of the currency pair. As the USD/JPY pair faces resistance levels and grapples with the repercussions of dovish central bank outlooks, the bearish momentum seems poised to persist. The interplay between the Federal Reserve's stance and the Bank of Japan's cautious approach sets the stage for continued volatility in the pair. As market participants navigate these dynamics, the focus remains on potential opportunities arising from the evolving conditions in the currency markets. Our preference Short positions below 143.00 with targets at 139.90 & 138.50 in extension.
Short
by FOREXN1
1
USDJPY I Testing monthly lows as traders stay bearishWelcome 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!
Short
by BKTradingAcademy
2
USDJPY: Asian session update: Stocks and USD fall as they begin USD weakened, JPY and antipodeans led the rise Asian stocks fell, with futures on the S&P 500 index up slightly by 0.07% US 10-year bond yield falls 1.7bp to 3.88% Gold increased 0.5% to around $2063/oz WTI oil increased 0.2% to above $73.70/barrel Bitcoin accumulates around 43.5K Investors continued to digest November PCE and December Consumer Sentiment data released on Friday, which showed that monthly inflation in the US fell for the first time in more than 3½ years, while sentiment Consumer sentiment remains strong, reflecting the economy's durability. A deceleration in core inflation and growing recession fears will prompt the Fed to shift from "committing to fighting inflation with higher interest rates for longer" to reassuring markets that it will "not hold rates." stayed high for too long". In the FX market, major currencies increased slightly after the Christmas holiday as the USD weakened. USD/JPY is steady at 142.30. The prospect of the BoJ removing its ultra-loose policy has supported JPY's rise in recent weeks. Yesterday, BoJ Governor Ueda announced that the possibility of reaching the inflation target is "gradually increasing" and that they will consider adjusting policy if there is "enough" prospect of reaching the 2% target in a sustainable way.
Long
by Chart_MasterPro
USDJPY Close To Breaking Below Yearly TrendlineHi Traders! 2023 was a bullish year overall for the USDJPY, though it has just fallen short in the end as the market attempted but failed to break through the record high apex level at 151.946. The market is now on the verge of breaking below the yearly trendline. Here are the details: After failing to break through the record high of 151.946 last month, the market has rapidly declined to break below the 20 EMA and is now trading near the 140 handle. The bears are now looking to push the market to break below the trendline, and if we get this, there is a big target level at 137.915. Preferred Direction: Sell Entry Level: 142.550 Stop Level: 145.020 Target Level: 137.915 Technical Indicators: 20 EMA Please make sure to click on the like/boost button 🚀 as your support greatly helps. Trade safely and responsibly. BluetonaFX
Short
by BluetonaFX
USDJPY → Caught in a Bear Trend! About to Reverse? Let's look.USDJPY has been falling in a bear trend since it's double top at last years high of 152.000. We saw a great bull response candle on December 7th and the close of a slightly lower low on December 13th. We may have had the first leg up in a bull reversal, but do we have the data to support it? How do we trade this? 🤔 Short answer, no. We need confirmation that we've hit a strong support zone and we do have *some* data to support that. December 7th, good wick on the underside of a buy candle followed by a run up, end of the second leg down. December 13th, slightly lower low but a strong bull run to the upside late in the week, end of the third leg down. This means we need to be looking for strong support since we're starting to get strong support signals. What we need is a double bottom in the 141.000-141.200 area. A strong buy signal bar and confirmation to provide us with enough probability to enter a long trade. It's reasonable to scalp at a 1:1 Risk/Reward Ratio with hesitancy that this is truly a reversal or even a trading range. We can scalp for now and wait for a third test of support to give us even more probability for a swing trade at a 1:2 or 1:3 Risk/Reward. Stop loss should be below the double bottom and take profit should be near the previous support, now resistance. Until then, it's wise to wait for that support to reveal itself or the alternative, we break down for another 4th leg. At this time, we assess the chart and look for entries again. 💡 Trade Ideas 💡 Long Entry: 142.600 🟥 Stop Loss: 140.500 ✅ Take Profit: 144.700 ⚖️ Risk/Reward Ratio: 1:1 🔑 Key Takeaways 🔑 1. Strong Bull Response Candle followed by slightly lower low, third leg down. 2. Strong Bull candles at the end of the last run up, first leg up in Bull reversal? 3. Pulling back to previous low, look for Double Bottom or Breakdown to new Low. 4. If Double Bottom, look to Long 1:1 scalp half position size, may swing other half. 5. RSI at 45.00 and above Moving Average. Reversal Trade Opportunity, Wait for Confirmation. 💰 Trading Tip 💰 Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
USDJPY Shorts from 143.500 down towards 140.000Currently, with the recent reaction from the 22-hour demand zone, there's an expectation for a retracement towards a nearby supply to trade in line with the trend. At the current price, I'll wait for the small bullish reaction to lose steam in order for price to distribute. Once the Wyckoff distribution occurs on the lower time frame, accompanied by a CHOCH, I plan to initiate sells targeting the 140.00 mark, a zone associated with strong demand. However, I'm also mindful that the price might ascend further and react off a more premium supply above. Confluences for USDJPY Sells are as follows: - This bias aligns with the current bearish trend that has been perpetuated. - Lots of major trend lines, equal lows and asian lows below on the higher time frame. - There's a near by 14hr supply zone that looks promising and a better supply on the 10hr just above it. - For price to maintain its bearish trend it must react off a supply to trigger another sell off. - Bullish pressure is looking exhausted and we could see a wyckoff distribution play out soon. P.S. Regarding the overall market sentiment, it remains evidently bullish. However, with a strong emphasis on respecting the all-time high (ATH), I am steadfast in my belief that a long-term bearish trend is likely to emerge, given the significant liquidity present below. This is why selling positions are highly preferable and exhibit more favorable reactions. If you found this post insightful, drop a like & comment!
Short
by Hassan_fx
1
USDJPY H1 / HIT THE PRICE 142.500 AS EXPECTED ✅Hello Traders! As you can see, USDJPY H1 hit the price of 142.500 as expected in the previous analysis. A very good move from the resistance level until the OB from H4. Next, I expect a new WL to be set. Congrats to those who entered the trade! 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. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
by GoodTradeST