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Usdjpybuy

USDJPY – Multiple Inside Bar PatternUSDJPY – Buying A Breakout From Multiple Inside Bar Pattern Price Action: Price formed a Bullish Multi-Bar Fakey Setup late last week (yet to trigger). Price had been forming a Multiple Inside Bar Pattern since last Monday (We suggested trading this pattern in the May 6, daily newsletter).  Price moved higher from the prior Bullish Multi-Bar Fakey Setup that had formed over a week ago (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Multiple Inside Bar Pattern (Which will also result in the Multi Bar Fakey Triggering). Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Multi-Bar Fakey Setup.
Long
by UnknownUnicorn393254
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!
Long
by WhosPipsAreTheseAnyway
3
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!
Long
by KayansMarkets
1
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..
Short
by AnonimFXRO
3
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 ?
Long
by AnonimFXRO
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.
Long
by SmoothJB