USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line
RSI - Divergence
Break of Structure
Completed " 123 " Impulsive Waves
Usdjpydaily
USDJPY → About to Breakout to New Highs? Let's Maximize Profits!USDJPY is on its third leg up in this bull channel that started at 141.000. We're near the top of Resistance Zone, is a long justified?
How do we trade this? 🤔
We need confirmation of a breakout to justify a long. After the initial bull run to 152.000, USDJPY pulled back with three legs to 140.200 and followed with a run to our current position of just over 149.000. The price action is technically at a new high in this run which could be the top of the third and final leg up.
Given the two strong bull bar closes on February 2nd and 8th and the lack of a sell signal, I do not believe this leg is over yet. What we need is a close above the Resistance Zone at 150.000 followed by a test of the top of Resistance as support. Once we see that support, it's reasonable to enter a long position with a 1:2 Risk/Reward Ratio. Take half profits at 1:1 Risk/Reward which is 151.200, move the stop loss up to the entry price to lock in profits, then swing the second half above the previous 152.000 high. 152.000 is a significant resistance area and I would be cautious to assume we'll make it to that price, however, the trend is our friend until the very end. Until we have a reason to change our bias, we must remain long.
💡 Trade Idea 💡
Long Entry: 150.385
🟥 Stop Loss: $149.250
✅ Take Profit #1: $151.200
✅ Take Profit #2: $152.650
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two strong legs up in a micro bull channel.
2. Third leg in progress, strong bull bar closes on February 2nd and 8th, indicating more upward momentum.
3. Near the top of the Resistance Zone, wait for a close above and test of Resistance as Support.
4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward.
5. RSI at 63.00 and above the moving average, supports long bias.
💰 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
USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Bullish Channel as an Correction Pattern in Short Time Frame with the Breakout of the Lower Trend Line
Break of Structure
Consolidation Phase
Completed " 1234 " Impulsive Waves
RSI - Divergence
USDJPY Weekly analysisHello, traders here is an analysis of USDJPY you can see that the price has rejected this area two times and there is a likelihood that the price can do it again, I just have to wait for it to go below that zone and retest it then I can look for bearish opportunities. If the price goes up then I will do the same thing wait for it to go above the highlighted zone and retest it then I will look for bullish opportunities.
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation ascending triangle, set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
USDJPY: Asian foreign exchange weakens, dollar rises, will interMost Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend.
Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety. Concerns are growing about slowing growth in the region's largest economies.
Japanese Yen fluctuates above 150, waiting for CPI data
The yen fluctuated slightly on Monday but remained just above 150 per dollar and remained near a three-month low.
This week focuses mainly on Japan's consumer price index (CPI) data for January, due on Tuesday. The data is expected to show core inflation is within the Bank of Japan's annual target of 2%, giving the central bank even less incentive to start tightening policy. books strongly.
This notion has put pressure on the yen in recent months, especially as US interest rates are likely to stay higher for longer. However, further declines in the yen were limited by the risk of government intervention, as levels above 150 have attracted intervention in the past.
PCE inflation, Fed signals are paying attention
The dollar index and dollar index futures both rose 0.1% in Asian trading on Monday, after posting their first weekly losses of 2024.
However, the greenback remains near a three-month high as many Federal Reserve officials warn that the bank is in no hurry to start cutting interest rates soon, especially as inflation remains subdued. High.
PCE price index data - the Fed's preferred inflation gauge - is expected to provide further inflation signals this week. Several other Fed officials are also expected to speak this week and may reiterate the outlook for higher interest rates for longer.
USDJPY I Technical and fundamental outlook Welcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
USDJPY Swing setupI still think USDJPY is about to drop and this time i decided to open a swing trade to hold for some days/weeks. Dollar is actually strong but i see some bearish signals on DXY, and the chart is showing me that UJ is about to reverse. Break of main structure, resistance zone, bearish divergence and more! Expecting a drop
USDJPY I Wait for pullback to key level and bullish continuationWelcome 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.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!
USDJPY Short setupEven if there are some bad news for Japan, i expect weakness on USDJPY. There's a bearish divergence on H1 and H4 timeframe and price has broke below main trendline. I am targeting first support zone at 149.000
USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.
USDJPY Scalp shortI am entering short on USDJPY. It looks good to enter short now. There is a nice bearish divergence on H4 TF, it's approaching trendline (expecting to break it) and it's ranging in daily resistance.
USDJPY Pair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure and Retracement
Completed Impulse Waves " 12345 " and Corrective Waves " ABC "
USDJPY: The yen is at a 10-week low as the dollar rose for a fouThe Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27.
Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday suggested the central bank is unwilling to raise interest rates quickly even after potentially ending its negative interest rate policy, which some Market participants predict it could happen as soon as next month.
Despite careful monitoring of foreign exchange movements by Japanese Finance Minister Shunichi Suzuki, who reiterated that monetary policy decisions belong to the central bank, the yen did not show a significant reaction.
The dollar index, a gauge against six major currencies, remained steady at 104.15. It rose 0.1% on Thursday after data showed resilience in the US labor market, dampening expectations of an imminent interest rate cut by the Federal Reserve. For the week, the dollar index was up 0.18%, boosted by strong monthly payrolls data last Friday and hawkish comments from Fed Chairman Jerome Powell in a "60" interview. minutes" aired on Sunday.
Upcoming US economic data includes the Consumer Price Index (CPI) inflation report for January, which will be released on Tuesday.
Traders have significantly reduced the odds of a rate cut at the Fed's March policy meeting to just 16.5%, down sharply from 65.9% a month ago, according to CME Group's FedWatch Tool .
Bullish or bearish signs build in USD/JPY? Bullish or bearish signs build in USD/JPY?
The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023.
The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be eyed with caution and uncertainty. The Yen faced is facing pressure due to dovish remarks from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida, where he emphasized a gradual approach to policy tightening.
On the other side of the trade, unexpected selling pressure might find defence around 148.300. Further downturns below this technical support may bring attention to 147.800, followed by 146.00. Notably, economists at ANZ Bank anticipate a near-term recovery for the JPY against the USD, projecting the USD/JPY to trade within the range of 146 to 148.50. A substantial decline to 136.00 is then envisaged by the end of 2024.
USDJPY: Fed Chairman Powell: An interest rate cut in March is unFed Chairman Powell participated withinside the American tv program "60 Minutes":
With the economic system strong, we sense the want to take into account the timing of hobby price cuts carefully
Confidence is rising, however we need to be even greater assured as we take the `very critical step' of beginning to reduce hobby rates
Achieving desirable development on inflation
An early selection can be made if exertions marketplace weak spot is mentioned or there's convincing proof that inflation is surely falling.
An hobby price reduce in March is not going
Inflation expectancies will hold to say no withinside the first 6 months of this yr because of essential impacts
Expect the 12-month inflation index to say no this yr
Most 19 policymakers see hobby price cuts this yr as appropriate
We do now no longer convey politics into our selection making
There isn't anyt any excessive opportunity of recession
Do now no longer take into account business actual property loans because the purpose of the disaster as withinside the past
China issues are not going to have an effect on the United States economic system, there'll likely be a few impacts, however they may now no longer be large
Geopolitical danger is taken into consideration the largest short-time period danger, however for different areas of the arena it's miles even more than the United States
USDJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the that huge imbalance lower and then to react from that zone.
Like, comment and subscribe to be in touch with my content!
USD/JPY bulls eye a move to 150Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside.
A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal (Morning Star pattern) hints of an upside breakout from its consolidation. The 10-day EMA is also providing support on the daily chart.
From here, we're looking for dips within the bullish pattern and ideally for prices to hold above the 10-day EMA to initiate a long. Whilst prices remain above last week's low, the bias is for a move to the 149.58 - 150 zone.
USDJPY M30 / Bullish Move Forecast 💲Hello Traders!
This is my idea related to USDJPY M30. I expect a continuation of the bullish trend and I will look for a long entry on USDJPY. We have a very strong bullish move and I want to see a retracement at the FIB 50% level.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
____________________________________
Follow, like, and comment to see my content:
www.tradingview.com
USDJPY,🔴Daily perspective🔴(Read the caption)
Well, as you can see the price hit the important supply zone that is on the 0.705 Fibonacci level and had a bearish reaction.
Once the price grabbed the internal liquidity and entered the FVG.
Now we can expect the price to continue the bearish trend to fill the FVG and then hit the bullish order block that formed at the 50% Fibonacci level. (First scenario)
The second scenario is, that the price rises to fill the FVG that is formed above the price and then falls.
💡Wait for the update!
🗓️30/01/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
USDJPY: The dollar was little changed before the European sessioVolatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600
USD/JPY fell to a more than two-week low and tested the 146.00 level yesterday. That comes after Treasury yields fell sharply again, which made things more complicated this week.
There are no data of note on the economic calendar in Europe today. Thus, all focus and attention will be on the upcoming US employment report.
USDJPY - Short term downside ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here I expect bearish price action for short term as price filled the imbalance and rejected from bearish order block M30. My target is liquidity below equal lows and institutional big figure 147.000.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
USDJPY Trade of the monthWhen i say that patience is the key, this is exactly what i mean. USDJPY was a trade of patience. It try multiple times to be bullish, but i was pretty sure that 148.5 was the top. I was lucky to catch the exact top with my first trade, honestly i was expecting a little upside moves. The second trade was placed on retest, and both trade are now close to the target. I think we will see more sell pressure, and there are good chance to reach 145.75 first and 143.5 next.
