USDJPY - Fill the gap before bearish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As I said in my previous analysis price started the retracement, on 1H timeframe we can see that price changed the character. Now I expect price could fill the gap higher before going lower.
Fundamental analysis: Tomorrow will be released monthly and yearly CPI on USD and on Thursday monthly PPI. Pay attention to the results in order to validate the analysis.
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Usdjpyanalysis
USDJPY - AnalysisUSDJPY
W1 - Uptrend, targets that we can potentially reach 167.571
The nearest target is 157.460 - from this level a correction and further upward movement may follow, as well as a possible trend reversal. When reversing, you can expect a three-wave structure; if the trend changes, global targets may be 137.806 - 127.111
What can you expect?
Continuation of the upward trend - the target can be set at the level of 152.028 - 157.460
Long
Targets – 148,299 - 149,139 - 149,907
Long-term perspective - goals 152,028 - 157,460 - 167,571
USD/JPY coming to the strong resistanceUSD/JPY has been consolidating in a narrow range of 145-147 for the past three weeks. The pair is demonstrating an accumulation and should breakout soon. The reversal zone is a big potential, at least for 100 pips.
The hurdle for raising rates this month is higher, implying the possibility for US Dollar falls.
Next stronger reversal zone possibility is at around 148.80, but light shorts right now can be placed.
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 could drop and test 145 supportYesterday, UsdJpy opened with a gap of almost 100 pips.
After a low at 146, the pair started to rise, and looks like it wants to fill this gap.
Last week of trading UsdJpy consolidated and considering yesterday's open, a correction could be next.
In my opinion, rallies around 147.50 should be sold and, considering a stop loss above the recent high, a 1:3 risk:reward trade could be achieved if the pair drops to support
USDJPY: Fibonacci!During the Asian session on Tuesday, USD/JPY is struggling to rebound from its losses in the previous day. The pair is treading water around 146.60 as market participants await the release of the US Consumer Price Index (CPI). The downward pressure on the pair can be attributed to both bullish comments made by the Bank of Japan (BoJ) and a lackluster performance by the US Dollar (USD).
Governor Kazuo Ueda's recent remarks indicate that there is a possibility that the Japanese central bank may consider reversing its negative interest rate policy. This development has added further uncertainty to USD/JPY movement in recent days.
USD/JPY overreacts to rate hike signal from BoJ? A huge gap in USD/JPY has appeared to start the week after comments from Bank of Japan Governor Kazuo Ueda about a possible end to its negative interest rate policy (NIRP). In a Saturday Yomiuri newspaper interview, Governor Ueda mentioned that by the end of the year, the BOJ could accumulate enough data to assess whether the conditions are present to raise interest rates. Ueda comments follow a series of hawkish comments by BOJ officials in recent weeks amid inflationary pressures within Japan.
On Monday morning, USD/JPY retreated from its 10-month peak of 147.87. It traded down to 145.89, found resistance just below 147.00, before finding a home around 146.56.
Is the market overreacting to Ueda’s comments though? His talk of an exit doesn’t suggest any big changes to monetary policy this year at least, and moving from –0.10% to non-negative rate is symbolically important, but the BoJ (Bank of Japan) rate is still 5 percentage points behind the Fed’s. Knowing this, would you be surprised if the USD/JPY begins its assent again? US CPI (Consumer Price Index) data out this Wednesday could be a catalyst for the pair to target 147.00 again, depending on whether price pressures rise more than expected (currently the consensus is for a rise from the current 3.2% to 3.5%)
CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments!
** CHFJPY 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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DeGRAM | USDJPY short opportunityUSDJPY has reached major structural resistance and the upper border of the ascending channel. Then it dropped from there.
Price action created a gap. Usually, the market fills the gap. Currently, it is pulling back to fill the gap.
A false break is going to be an ideal short entry signal. We can see the price droped from this level before.
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USDJPY: BoJ has a strong influence on the position of the currenThe USD/JPY pair broke its winning streak of three days, trading lower around 147.40 in the early hours of Wednesday's European trading session. The currency pair retreated from its recent highs reached on Tuesday, marking a new high since November 2022. The pair is facing downward pressure following a statement from Japan's top currency diplomat, Masato Kanda, according to Reuters' report.
USDJPY Analysis 10Sep2023USDJPY price movements are still in accordance with the latest analysis. Although bullish, it is still most likely the price will be stuck in the QM area. If you want to do a short, it's better to hold it first until the price is in the QM area. Seeing the RSI indicator that also looks saturated and divergent occurs, then in a time that is not too far can occur bearish.
USDJPY I Weekly forecast and opportunity aheadWelcome 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 | Perspective for the new week | Follow-upIn a fresh turn of events, USDJPY surged to new intraday highs on Friday, but the question remains: Can it sustain its four-week uptrend? Meanwhile, Japan's economic output hit levels above full capacity in April-June for the first time in nearly four years, raising questions about the possibility of a shift in ultra-low interest rate policy.
Adding to the intrigue, Japan’s Finance Minister, Shunichi Suzuki, weighed in on Friday, emphasizing the undesirability of sudden FX movements and asserting that Forex rates should be influenced by market conditions and fundamental factors.
On the flip side, wage growth in the U.S. is showing signs of slowing down, adding a layer of complexity to the job market. These mixed signals are fueling uncertainty about the Federal Reserve's forthcoming interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's recent remarks at the Jackson Hole Symposium underscored the importance of incoming data, particularly in the context of the evolving relationship between inflation and employment.
So, as we look ahead, what does the coming week hold in store for USDJPY?
USDJPY Technical Analysis:
In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 144. 600 and 146.600 zone, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
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BluetonaFX - USDJPY Market UpdateHi Traders!
USDJPY is looking as strong as ever and does not seem to be slowing down anytime soon. Our long-term bullish outlook on this pair has worked perfectly.
Since we broke the 145.073 range zone resistance, the market has continued with bullish momentum. We also had a bull flag opportunity on the 1D chart that was executed very well.
The market is on its way to the psychological 150 level, which was always our long-term target. We are still on track to reaching that level as long as we remain above 145.073 and our 20 EMA. We will be looking for opportunities to buy any further dips, which we have not had on the longer time frames since the break of 145.073, so to do this, we will look at shorter time frames for more buy entries.
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#USDJPY: 200 PIPS SETUP!!Dear Traders,
After recent data related to NFP came out to be in support of USD price have reacted positively, though overall data still indicating strong upcoming downtrend on USDJPY.
Wait for price to come to our region at the rejection please enter accordingly.
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Thanks as always for showing support!!!
(USDJPY) : Obvious Uptrend on the Daily ChartHello guys, I hope you're all doing well. For USDJPY, I think the price will still stay upward and continue slowly (between the upward parallel channel) till the 151 area, and then we could expect a reversal or even breaking the major resistance. In my opinion, breaking the resistance has a better chance than reversing it. Finally, I'm looking for the best moment to place my order.
May you all be PROFITABLE,
DeGRAM | USDJPY structure based tradeUSDJPY has reached major structural resistance and a psychological level of 148.000.
Price action is testing a psychological level of 147.500 and the Fibonacci inversion level.
The market made a double top and divergence on the daily chart, indicating a potential pullback from the structure resistance.
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USDJPY Carry Trade PressureThis summer, quiet markets favored the carry trade. Popular funding currencies here are still the JPY and the CNY.
The carry trade involves borrowing low-interest currency and investing in high-interest currency to profit from interest rate differential and exchange rate movements. Traders often use JPY and CNY as funding currencies due to their low-interest rates and stable exchange rates, with USD being a popular target currency due to its higher interest rates and a strong economy.
A higher USD/JPY means that the USD appreciates against the JPY, which is good for the carry trade. A lower USD/JPY means that the JPY is appreciating against the USD, which is bad for the carry trade.
Short-covering rallies in the JPY may happen during risk-off periods, such as the bond sell-off in early August. However, the carry trade can only be disrupted by a consistent increase in volatility.
July's adjustment to the Bank of Japan's Yield Curve Control, which involved raising the cap on 10-year JGB yields to 1.00% from 0.5%, did not result in a stronger yen. No additional changes by the Bank of Japan are expected until late October.
It seems that the BoJ may have to intervene once more if the USD/JPY goes above 145/146 in order to limit its topside.
If we see a weaker dollar in 4Q as well as some additional BoJ adjustments will may see it push back down to 130.
Just a small note, I did not enter the trade yet. For now it remains an idea
USDJPY - Long bullish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block + institutional mid figure 145.500.
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