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Usdjpybuy

USD/JPY Bullish Divergence and Key Support AnalysisThe USD/JPY pair has recently exhibited a Bullish Divergence on the 1-hour chart. This technical pattern is a significant indicator suggesting potential upward price movement. The price action has also received a strong rejection at a key support level, which coincides with a 4-hour trendline and the 61.8% Fibonacci retracement level. These factors collectively reinforce our bullish outlook. Technical Confluences: Bullish Divergence: A bullish divergence on the 1-hour chart indicates potential reversal and strength in the upward momentum. Key Support Level: The price rejection at the key support level confirms the market's recognition of this zone as a significant barrier to downward movement. 4-Hour Trendline: Alignment with a long-term trendline adds to the credibility of the support level, indicating sustained bullish sentiment. 61.8% Fibonacci Level: The confluence with the Fibonacci retracement level further solidifies the support area, often seen as a critical point for trend reversals. Entry and Risk Management: Entry Point: 158.520 Stop Loss: 157.300 The chosen entry point at 158.520 is strategically placed just above the key support level, ensuring minimal risk while maximizing potential gains. The stop loss at 157.300 is set conservatively below the support level to protect against unexpected volatility. Take Profit Levels: To effectively manage profits, the following take profit levels have been identified based on technical analysis and historical price action: TP-1: 159.740 TP-2: 160.960 TP-3: 162.180 These levels are determined to capture gains at various stages of the anticipated upward movement, allowing for flexible exit strategies based on market conditions. Conclusion: The USD/JPY pair demonstrates a strong bullish potential supported by multiple technical indicators and confluences. Traders are advised to enter at 158.520 with a stop loss at 157.300 to manage risk effectively. The outlined take-profit levels offer strategic exit points to maximize gains while adapting to market movements. Recommendation: Monitor the price action closely and adjust positions to align with evolving market conditions and protect against potential reversals.
Long
by MZ_FX_
2
USDJPY → Huge Fall from 162.000! Heading for 155.000?USD/JPY trickled it's way just shy of 162.000 where it formed a double top reversal pattern on the Daily chart and fell hard to 157.500. Should we still be long? Or is it time to get short? How do we trade this? 🤔 As mentioned in my previous analysis from May 7th after the massive sell-off from 160.200 back down to 152.000, we should be looking for confirmation of a short before entering one. We now have a nice sell signal, the double top reversal, right after three strong pushes up in a trend. USD/JPY has been in a bull run since 2021 on the higher timeframes such as the weekly and monthly, getting short needs to be taken with extreme caution and careful planning. It is reasonable to expect the USD/JPY price to retest the 160.000 area after such a fall. The bears are going to be skittish in a bull market, the bulls are going to try and long again to get that 50% pullback to the high side. But once the price goes 200 pips to the upside after the 400 pip drop, will we see another sell-off? Or a run back to 162.000 and beyond? That's what we need to wait for, the confirmation sell candle closing on or near it's low to confirm more downside movement. It is reasonable to short this, but I would do it on the 4HR timeframe and wait for a long entry on the Daily timeframe. We should expect some support at 155.000, this trade waits for that second leg in the pullback from 162.000 to hit 155.000, give us a strong bull signal and confirmation candle to confirm a long entry around 156.000. Place the stop loss below 155.000 at 154.050, take profit #1 at 157.950 then move stop loss up to entry price, take profit #2 at 159.900, just before the key resistance of 160.000 which is also a psychological resistance. 💡 Trade Idea 💡 Long Entry: 156.000 🟥 Stop Loss: 154.050 ✅ Take Profit #1: 157.950 ✅ Take Profit #2: 159.900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up after the 152.000 support confirmation to the key level of 162.000 2. Double top reversal at 162.000 followed by a 400 pip drop; sell signal 3. Look for 50% pullback toward 160.000 and a rejection at that key level to manifest the second leg down to the 155.000 area. 4. Enter a 1:2 Risk/Reward long trade up to 159.900. 5. RSI near 41.00 and far below the Moving Average, supports pullback to the upside before another fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
Japanese Yen dropped to its lowest level in nearly 4 decadesAll data supports LONG usdjpy ---- According to Nikkei, till now, Japanese institutional traders have now no longer poured capital into overseas markets on any such big scale. Banks offered simplest a internet 220.7 billion yen of overseas property withinside the first 1/2 of of this 12 months. Meanwhile, pension price range bought a internet of 9.forty three trillion yen withinside the identical period. The using pressure using the float of cash into foreign places property is the organization of retail traders who're changing their financial savings into investments to deal with inflation. Core CPI in Japan has always multiplied extra than 2% every month given that fall 2022. May CPI multiplied 2.1%, better than the BOJ`s goal of 2%. Currently, only a few monetary merchandise in Japan generate returns better than 2%. One-12 months deposits of as a minimum three million yen had hobby costs of simply beneathneath 0.1% in June. Japanese authorities bonds bought to retail traders had hobby costs of much less than 1% this month. The predicted dividend yield of Japanese shares in keeping with the Nikkei Stock Average is simplest 1.75%, nevertheless decrease than inflation. “Investment cash has a tendency to float to Western nations and elsewhere, in which monetary and company boom expectancies are high,” stated Soichiro Tateishi, an economist on the Japan Research Institute. When Japanese traders purchase shares or bonds denominated in USD via mutual price range with out a foreign money hedging strategy, they'll ought to promote yen to shop for USD. Accordingly, multiplied funding sports via NISA positioned even extra strain at the yen. Investors chickening out capital will assist the yen appreciate. However, NISA is a software primarily based totally on lengthy-time period investments, so the yen will now no longer be capable of get hold of momentum from here. Meanwhile, Japan's change deficit has lengthy been taken into consideration a structural issue inflicting the yen to fall. As an electricity importer, Japan has visible a change deficit for the reason that 2011 earthquake and tsunami, which pressured the u . s . to import extra electricity because of the closure of nuclear strength plants. From January to May 2024, Japan's change deficit stood at three.forty five trillion yen. This discern will boom to three.eighty three trillion yen while facts via mid-June are included. Some professionals have warned approximately the capital flight of retail traders. Meanwhile, the yen is buying and selling at a hundred and sixty for 1 USD, whilst at the start of the 12 months it became 140. One manner to show the scenario round is to boom the splendor of the Japanese inventory marketplace and different monetary merchandise. According to Shingo Ide, leader monetary engineer at NLI Research Institute, Japanese businesses “are beginning to make efforts to enhance profitability and capital efficiency.” However, Nikkei stated, any essential exalternate to the contemporary fashion will take a protracted time.
Long
by TheLeader_WOLF
Japan's efforts to protect the yen exchange rate fell into vain"ALL THE PROBLEM IS WITH THE FED" On Wednesday`s buying and selling consultation, the yen fell to 160.88 yen for 1 USD, the bottom degree due to the fact that 1986. Early this morning (June 27) withinside the Asian marketplace, the yen rebounded slightly. 160.sixty three yen to at least one USD. The yen has depreciated approximately 2% this June and fallen 12% due to the fact that the start of the yr as compared to the USD, withinside the context of a regular growth withinside the USD alternate price due to the fact expectancies approximately whilst the Fed will begin decreasing hobby prices are constantly driven back. . The Dollar Index, which measures the power of the USD in opposition to a basket of six different predominant currencies, has accelerated 1.25% this month and is up 4.sixty three% due to the fact that the start of the yr - consistent with facts from MarketWatch. On Wednesday consultation, Dollar Index handed 106 points, the very best in 2 months. The predominant motive of the yen devaluation as compared to the USD is the hobby price distinction among americaA and Japan. The Fed's short-time period hobby price is five.25-five.five% and the Bank of Japan (BOJ) is 0-0.1%, making the yen an appealing investment foreign money. in hobby price differential transactions (bring trade). According to Bloomberg, international traders recognize that the yen will face downward stress so long as USD hobby prices stay high. In the worldwide foreign money marketplace with a transaction fee of 7.five trillion USD according to day, the non-stop devaluation of the yen is a clearer proof of US affect withinside the economic sector. “The hassle is all with the Fed. Higher and longer hobby prices withinside the US are attracting cash to americaA and making the USD robust," stated leader bond funding strategist of NatAlliance Securities LLC, Mr. Andrew Brenner. Mr. Brenner stated that for Japan, that is a challenge. Wednesday's buying and selling consultation completely contemplated America's dominant function in international economic markets. The Dollar Index's 0.4% growth this consultation positioned downward stress on nearly all different currencies withinside the world. The US inventory marketplace is on course to finish some other area of robust gains, whilst the Ministry of Finance without difficulty bought all 70 billion USD of Treasury bonds withinside the public sale at the equal day. For the yen, the tale is absolutely different. At an alternate price of almost 161 yen to at least one USD, the foreign money has depreciated past the factor in which Japanese government intervened withinside the forex marketplace in past due April and early May. This manner efforts Spending greater than 60 billion USD to defend Tokyo's yen alternate price has "failed", however happily it handiest bogged down the price of devaluation of the yen.
Long
by TheLeader_WOLF
1
USDJPY: 800+ Pips Buying Opportunity! Swing Trading Dear Traders, Hope you are doing great, price of USDJPY remain tricky. Previously, we had anticipated that price will drop heavily, however, due to weak Japanese yen price remain bullish as it was before. We still currently in a correction zone, where we can expect price to drop slightly lower to our area of entry and then we can see a strong buyers liquidity kicking in the market. *If you like the idea then please like, comment and follow us which will encourage us to bring you more educational ideas like this** Team Setupsfx_
Long
by Setupsfx_
14
USDJPY Technical Analysis and Trade IdeaAnalyzing the USDJPY on the daily chart reveals a clear bullish trend. The pair is currently testing a significant resistance level. Although I'm considering a long position, I won't enter at this point. Instead, I’m looking for a pullback. On the 30-minute chart, there’s a noticeable bullish imbalance and an order block just below the current price. My ideal entry would be a retracement to the 50-61.8% Fibonacci level, which aligns with these areas. In the accompanying video, we delve into the trend, market structure, price action, and other crucial technical analysis elements. Remember, this video is purely educational and not financial advice.
Long
by fxtraderanthony
2
USDJPY keeps breaking recordsThe USD/JPY pair traded near a seven-week high above 158.00 during today's European session. The rally appears to have paused amid uncertainty over the Federal Reserve's (Fed) interest rate path and the release of Japan's national Consumer Price Index (CPI) data for May , will be announced on Friday. Market expectations for the Fed to start cutting interest rates from its September meeting intensified after US Retail Sales data for May missed estimates. Monthly retail sales increased 0.1%, slower than expectations of 0.2%. The Retail Sales report also showed households cutting back on discretionary spending, suggesting weak purchasing power due to high inflationary interest rates. At the Tokyo front, the Japanese Yen weakened despite the minutes of the Bank of Japan's (BoJ) June meeting showing that Governor Kazuo Ueda advocated raising interest rates earlier than expected. BoJ Ueda advocates further policy tightening due to rising inflation risks due to the weak Yen. Japan's exports have become competitive in global markets and import costs have increased, which could push price pressure higher. This week, the main factor affecting the Japanese Yen will be the national CPI data. Annual national CPI excluding Fresh Food is expected to increase to 2.6% from 2.2% previously. The pair will likely continue to increase by more than half with the expectation of the upper border at 159,600-160,200. At this point, it is necessary to have adjustment policies of the Japanese economy as the currency and economy become increasingly weaker.
by TVS-Trader
USDJPY TO 160+ 12H CHARTI have USDJPY going to 160 and beyond..... price may be a little choppy until then but I am Long on this pair and I've been using every dip (when price takes bearish dive) as a buying opportunity. I can see price testing the previous highs of 157.844 (yellow level) and eventually breaking and closing above it, once this level of previous resistance (157.844) is then used as support; that will act as yet another form of confirmation that price in en'route the 160 level.
Long
by DeniroFX
2
USDJPY Bullish Side Money heist Plan to Become RichMy Dear Robbers / Traders, This is our master plan to Heist USDJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
💡 USDJPY: Analysis May 23USDJPY has invalidated the doji signal and continued to increase in the past session. It has now approached the previous peak at 156.7, but has not yet shown a breakout signal. This price behavior is detrimental to our current selling strategy, but we still do not encourage you to change tactics because the risk of exchange rate intervention from the BoJ is still present and the price has not yet reached its peak. than. Brothers continue to hold existing short positions, SL placed above level 156.7. In case the price continues to go up and breaks this barrier, you should temporarily stop trading and wait for new signals. 💡 H1 trend: Sideway Today trading idea: Sell.
Short
by Stone_Haven
USDJPY: USDJPY analysis todayDespite the dollar's general weakness against most of its counterparts, it continues to rise against the Japanese yen. The dollar rose 0.12% to 156.245 yen today, after previously reaching 156.80 yen. Japan's long-term yield remains low at 0.955%, even as the Bank of Japan's stance becomes more hawkish and the likelihood of a rate hike in June increases. The dollar's recent peak against the yen on April 29, a 34-year high, prompted suspected interventions from the Bank of Japan and the Japanese Ministry of Finance. . Analysts, including IG's Tony Sycamore, speculate on the possibility of further intervention depending on the outcome of the US CPI report.
Long
by Chart_MasterPro
Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations. At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider. Last week, BOJ data suggested it had spent $60 billion to defend the yen. But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US). But can we expect the BOJ to intervene again and again? US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too.
by BlackBull_Markets
USDJPY: Japanese Yen reverses some gains, USDJPY risesThe Japanese yen USDJPY rose 0.6% on Monday, although trading volumes in the currency were limited due to a market holiday in Japan. The rate is inversely linked to the strength of the yen, which has fallen sharply from a 34-year high of more than 160 yen last week amid signs of repeated government intervention in currency markets. But given that the fundamentals behind the yen's weakness - primarily the wide gap between US and domestic interest rates - remain, the yen's decline continues.
Long
by Chart_MasterPro
1
USDJPY: The Japanese yen rose suddenly amid intervention speculaThe Japanese yen experienced a notable rise on Monday, which analysts interpreted as a potential sign of intervention by Japanese authorities in the foreign exchange market. The move comes after a significant depreciation of the yen, which has fallen nearly 11% against the dollar this year and 35% over the past three decades, recently hitting a 34-year low. Monday's operation follows months of warnings from Japan that it may intervene in foreign exchange markets. The Japanese government's most recent intervention took place in September and October 2022, with an estimated 9.2 trillion yen ($60.78 billion) spent to support the currency. This is not the first case of intervention; During the 1998 Asian financial crisis, the yen fell nearly 25% in 14 months, prompting the United States to join Japan in a successful intervention effort.
Long
by Chart_MasterPro
#USDJPY: Still Bullish, Next Target 163.00| SetupsFX_ |Dear Traders, Hope you are doing great, right here we have an excellent opportunity of buying USDJPY, JPY plummeted few days ago as BOJ kept the interest rate as the same and decided not to change. Leading a heavy sell off on YEN. However, price did make strong correction right after the sell off, though we think it was temporary correction. Right now price is at perfect buying area from which it can rebound strongly. Like and Comment if you like or agree with our idea! :)
Long
by Setupsfx_
USDJPY → Aiming for 176.500!? Let's Dig In.USD/JPY broke ascending triangle pattern at the 152.00 Resistance level per my last analysis. Since then, we have seen the completion of the measured move to 154.500 followed by a third leg up to 158.350! Is this the moment to long? Or are we in for a hard sell-off? Previous Analysis: How do we trade this? 🤔 I would not long the market open. After a strong Friday push, traders are far more likely to take profits, likely pulling the price down to the 156.000-157.000 range with the possibility of a hard wick to the 153.000-154.000 area. That being said, we should remain long-biased and buy these pullbacks, as USD/JPY has been on this bull trend since January 2021. This trade pertains to the Weekly timeframe. I would drill into the 4HR and Daily to find more precise entries. It's reasonable to assume the pullback at this level, so we should look for a bounce at one of the key areas mentioned and enter a long position. On the Weekly, aim for a first take profit of 169.500 where half the position is taken off the table, then move the stop loss up to the entry price. The second take profit should be taken just before the 1978 key level of 176.900. 💡 Trade Idea 💡 Long Entry: 156.700 🟥 Stop Loss: 150.300 ✅ Take Profit #1: 169.500 ✅ Take Profit #2: 175.900 ⚖️ Risk/Reward Ratio: 1:3 🔑 Key Takeaways 🔑 1. Breakout of key 152.000 price level 2. Strong bullish price action completing the measured move to 154.500 3. Third leg to 158.350 complete, wait for a pullback 4. Enter a 1:3 Risk/Reward trade taking half profits at 1:2 Risk/Reward. 5. RSI at 74.00 and above the Moving Average, supports pullback. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ 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 Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1