Usdjpyanalysis
USDJPY: Comments on USDJPY on November 14Yomiru: Japan plans to reduce taxes for businesses that increase wages
A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%.
The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation.
If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.
USDJPY → Moves on the upward trajectory toward 152.00 levelFX:USDJPY continues to move on the upward trajectory, trading around yearly highs at 151.70 during the European session on Monday. The USD/JPY pair eyes a potential ascent toward the major resistance at the psychological level of 152.00. This could materialize if the strength of the US Dollar (USD) gathers momentum, propelled by higher US Treasury bond yields and the hawkish comments from Federal Reserve (Fed) Chair Jerome Powell.
The technical indicators paint an interesting picture for the USD/JPY pair. The 14-day Relative Strength Index (RSI) is positioned above the 50 level, indicating upward support. This signals a bullish momentum and reflects a robust market sentiment. With this, there's potential for the pair to advance toward the next barrier at the resistance level of 152.50.
Adding to the positive outlook, the Moving Average Convergence Divergence (MACD) line is situated above the centerline and the signal line in the USD/JPY pair. This configuration suggests a stronger momentum and reflects a prevailing confidence in the market.
On the flip side, the USD/JPY pair could meet the support at the 21-day Exponential Moving Average (EMA) at 150.35, followed by the 150.00 psychological level. A decisive break below the latter could push the pair to navigate the area around the 23.6% Fibonacci retracement at 148.40.
USD/JPY approaching historical resistance zoneDear traders, USD/JPY is approaching a historical resistance zone. There
could be a pullback from this level.
The area between 151.80-152.30 is a potential reversal zone as it happens
to be the confluence of both the channel resistance and horizontal resistance.
If there is bearish price action in this zone, traders can consider selling
USDJPY@151.80-152.30 with SL above 152.60 and TP at 146.50
USDJPY BUYNew developments could potentially take USDJPY to 158 before dropping. Sell still on unless we have a daily close above 151.55
USDJPY WEEKLY UPDATESPrice no reaction on the first retracement, now price keep moving higher.
maybe we could see a breaks on structure of previous high 2022.
My thoughts would be the high. but only if there is BOJ intervention happens.
if not then we might see the weekly gap since the past.
Are we seeing a hyper inflation on Japan again?
What is your thought?
This is not a trade advice.
This is only reference on how the USD strong as of now.
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY: Asian foreign exchange market calms down, US dollar recoMost Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded.
This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy.
Sentiment towards Asian markets remains subdued as traders remain nervous about hawkish signals from the Federal Reserve. Signs of continued weakness in China's economy also have traders wary of regional markets.
The Japanese yen fell 0.1%, remaining above 150 yen to the dollar, with dovish signals from the Bank of Japan and a strong dollar providing little support. The weak currency has traders bracing for possible foreign exchange market intervention by the Japanese government aimed at strengthening the yen. Japan's cabinet issued a series of verbal warnings against such moves in October.
USDJPY SELLUSDJPY has been in the process of completing the daily structure. Ideally wait form the daily close today, with a close below 151.09 to enter short trades.
Fundamental: The US go to war in Syria
Will we see a drop before the market closes?
Celebrate the Yen's Historic Low Against Euro and Dollar Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen!
Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A weaker yen means that it takes more yen to purchase the same amount of euros or dollars. This situation can lead to potentially lucrative opportunities for those who are willing to take action.
Here's where the excitement builds up: by going long on the yen, you have the chance to profit from its potential recovery against the euro and the dollar. As the yen gradually strengthens, you can ride the wave and watch your profits grow. It's like catching a rising star in the currency sky!
So, how can you seize this golden opportunity? Here are a few steps to get you started:
1. Conduct thorough research: Dive into the current market trends, analyze historical data, and keep an eye on any relevant news or economic indicators that may impact the yen's future performance.
2. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and trading goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your potential gains.
3. Stay informed: Continuously monitor the market and stay updated on any developments that may affect the yen's trajectory. Being aware of market sentiment and adapting your strategy accordingly will help you stay ahead of the game.
4. Utilize risk management tools: Remember, trading involves risks. Implement risk management techniques such as setting appropriate position sizes, using stop-loss orders, and diversifying your portfolio to protect your investments.
5. Seize the moment: When you feel confident in your analysis and strategy, take action! Execute your trades and keep a close eye on the yen's performance to make timely adjustments if needed.
Remember, my fellow traders, fortune favors the bold! The yen's historic low against the euro and the dollar presents a unique opportunity for those who are willing to take action and ride the potential wave of yen appreciation. So, let's embrace this exciting moment and make the most of it!
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . 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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USDJPY: 08/11/2023: Possible bullish scenarios Well, you can see all the important supply and demand zones on the chart.
If you have questions, feel free to ask.
💡Wait for the update!
🗓08/11/2023
🔎 DYOR
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USDJPY SELLSell still active on usdjpy a head and shoulders pattern has been formed on 12H. Short with TP1 at 148.00
USDJPY SHORTI waiting to go short on USDJPY from 152.11 price point. Dollar strength is weakening. Increased government borrowing is at its highest.
A longterm downtrend for the dollar is inevitable.
Comment your thoughts on the USDJPY pair.
USDJPY RETRACEMENT DONEPrice retrace to 150.7, im expecting new lows again 149.20. since this rise.
Break also the 148.8 zone.
This is not a financial advice.
All USDJPY ideas made a huge.
Since last week. above 100 pips always secured.
Come and check me out for more and daily Trading ideas.
This is not a financial advice.
Trade at your own peril.
USDJPY - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Nothing changed here, as I said in my previous analysis I have a long position, expect price to take buy side liquidity and to create new higher high. I will secure my trade and move SL to BE.
Like, comment and subscribe to be in touch with my content
USDJPY FAKEOUTS AGAIN?Hello Fellow traders, The previous idea just made 130pips and price goes back on our entry and test the previous october 2022 highs.
If you just see the candle on a Daily . looks like a fakeouts or just a dummy candle being created.
just only my observations about those candle.
NOt expecting too much low or highs, but im expecting the previous high of october 2022 must clear.
my ideas are far or too broad on market movements.
Lets see how this things worksout.
we might see 145 or we test the Highs!
This is not a financial advice.
💡 USDJPY: Waiting for the opportunity to turn backFollowing three consecutive sessions of sharp decline, buying strength has resurfaced as the price nears the lower boundary of the ascending price channel. While the overall bullish pattern remains intact on the H4 and daily timeframes, it's worth noting the emergence of a bearish signal. A notably robust bearish pin bar has taken shape on the weekly chart, manifesting at levels not seen in decades. Consequently, there exists a potential for a price reversal in this resistance zone. Therefore, it might be advisable to consider selling opportunities once the recovery phase concludes.
USDJPY Take off??USDJPY, the double bottom pattern, might indicate a reversal of the previous downward trend. Traders often use the distance between the lowest low of the pattern and the resistance line to estimate a potential price target.
Based on this pattern, and major direction of trend, a projected target of 151 might be feasible. However, it's essential to apply technical analysis and consider other indicators to confirm the pattern and potential price target before making trading decisions.
USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range.
Key Points:
1. We're in a Bull Channel which means we have a better chance of profit longing.
2. Previous High of 152.000 has been touched.
3. Bull Capitulation Candle on Oct 23.
4. DXY Strong Bear Signal Bar of the bottom of the bull channel.
5. JPXY Still at Risk of Bull Reversal, this week's candle may decide.
6. RSI has room to fall and while a weak indicator, supports the previous 5.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
Equal lows are waiting As it is clear from the chart in USDJPY there was a run on buy side liquidity and after that we can see MSS happened.
There are sell side liquidity below 148.5 which can be a very good target for market maker to run on those equal lows.
USDJPY Bears parade incoming! Weekly chart says it all.. the 2022 pattern is now repeating again for the USDJPY pair:
1- Top rejection
2- Bear Doji close
3- Waiting now for confirmaton: bear candle with body closing below previous and lower high
The volume seems to be lower this time so watch out for one last try to test the weekyl Top. Most likely will be rejected so thats a good point for a short!
