USDJPY LONGS ACTIV 📉📉📉Expecting bullish price action on UJ as we are in a bullish market structure from a HTF premise, JPY is very weak from a fundamental standpoint. The market sentiment index shows us that the retail herd is SHORT on this pair meaning we have to look for LONG entries.
What do you think ? Comment below..
Usdjpybuy
USDJPY LONGS ACTIVE 📉📉📉Expecting bullish price action on UJ as we are in a huge bullish market strucutre both on technical and fundamental perspective, price rejected a bullish orderblock area an clearly confirmed it.
The retail herd is SHORT on this pair meaning we have to look at LONG entries to have a better probability to see a take profit
What do you think ? Comment below..
LONG USDJPYLONG USDJPY at 122.40
TP: 124.90
SL: 121.25
USDJPY has pushed through a nice tech support lvl of 122.40 and I have therefore bought the break. The fed will also outpace the BOJ in terms of rate hikes this year therefore leading to my view of USDJPY between 125-130 level. BOJ have signalled that they would get involved and stop the depreciation of the Yen at some point, however I only forecast that lvl to be around 130. So there is still room to rally.
Good luck!
U.S Dollar Analysis - USD/JPY & EUR/USD In this video, I breakdown why the U.S Dollar is bullish against the Japanese Yen and maintaining its strength against the Euro, as the central bank, ' The Federal Reserve", is raising interest rates aggressively in 2022 to deal with high domestic inflation.
This is in contrast to the European Central Bank and Bank of Japan, which have pledged to keep interest rates low, due to low inflation expectations over the coming years.
I will show you how Bond yields drive currency markets when rising yields in the U.S pay a premium over Europe and Japan when there is a divergence in monetary policy.
Enjoy!
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price takes out the buy side liquidity on the M30 and right now it's making the bearish reversal move, price made a lot of bullish imbalances that has to be filled those imbalances should act as a magnet for the price 123.000 is my target where bullish ordeblock and imbalance will be mitigated. JPYBASKET is also very strong and i expect it to rise meaning XXX JPY pairs should go down.
What do you think ? Comment below..
USDJPY LONGS ACTIVE 📉📉📉📉 Expecting bullish price action on USDJPY as we are in a bullish market strucutre from a HTF premise W1/D1. For a H1 long entry i will wait for the price to make a retracement back into 121.730 bullish orderbloc area on the h4 filling on it's way the bullish imbalances aka price inefficiencies. We have a bullish BOS on the H1 that confirms the shift in the strucutre from bearish to bullish
The retail heard is SHORT on this pair and this could add another confluence to go LONG - contrarian approach.
What do you think ? Where we go next ?
USD/JPYThe USD/JPY made a third consecutive unusually strong weekly rise last week, closing near its high at its highest closing price seen in over 6 years. In fact, last week’s move was the strongest seen in several years. These are very bullish signs, with the Japanese Yen showing the greatest weakness of all major currencies putting this pair in focus right now. I made a good call last week seeing this pair as a buy.
Despite all these bullish signs, there is a reason for bulls to be cautious here: the price has hit an inflection point at 122.32 which has so far held as resistance. Friday also saw a strong drop of more than a day’s average true range (ATR) based upon recent volatility, and this can be a sign that a bullish move has run its course, at least for a while. However, the price did recover over the rest of the day to close above 122.00.
I think short JPY remains attractive as a long trade, but traders need to be careful with stop losses and make sure they are kept quite tight, as the price may now need to consolidate for a while before resuming its rise.
USDJPY SHORT IDEA Overall still very bearish on USDJPY.
We are currently in a very strong area of supply. Due to the Japanese bank holiday today and Powell's speech we have seen a bullish push.
Our bias remains intact, technicals suggest that the shorts are still in play.
Looking forward to see how this plays out in a day or two
Disclaimer:
These charts should only be used for educational purposes and not as signals. Trading entails high risk !
God bless,
ETGL TEAM 💛
USDJPY On 4 Hour Timeframe Is A Bullish Trend.FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY FOREXCOM:USDJPY CAPITALCOM:USDJPY SAXO:USDJPY
USDJPY On 4 Hour Timeframe Is A Bullish Trend.
Support And Resistance Levels On The USD/JPY: 117.500 Support, 120.000 Resistance.
If USDJPY Exceeds 119.124, The Price Expected To Continue In The Uptrend Movement (Confirmation Level).
If USDJPY Exceeds 115.796, The Price Expected To Continue To Fall (Invalid level).
If USDJPY Reached 120.000 Level, The Price Expected To Rebound Downward (Resistance Area)
USDJPY SHORT/SELL IDEAHello Traders,
Hope you are having an amazing week.
Above is my analysis on USDJPY, overall perspective is very BEARISH.
One thing to keep in mind this week before taking a trade is the fundamental outlook on both the USD & Yen Pairs.
Nevertheless, our perspective is still bearish given that we are currently in a key area of supply.
Looking forward to see how this plays out.
Thank you for your support,
ETGL TEAM 💛
USD/JPYThe USD/JPY made an unusually strong weekly rise last week, closing right on its high at its highest closing price seen in over 5 years. These are very bullish signs, with the US Dollar making a strong bullish breakout and the Japanese Yen showing the greatest weakness of all major currencies putting this pair in focus right now.
I see this currency pair as a buy and as likely to see still higher prices over the coming week as it trades in blue sky.
USDJPY SHORTS 📉📉📉📉 Expecting bearish price action on UJ as price is rejecting an important area of bearish orderblock h4 and it should go lower from there, we also have a bearish orderblock on H1 right in that area + bearish imbalances that were filled.
Targets into 115.000, What do you think ? Comment below..