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Usdjpyforecast

Decoding USD/JPY Future in a Changing Economic Landscape Multi-Timeframe Technical Analysis for USD/JPY 1. Monthly Time Frame: - Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point. - Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones. 2. Weekly Time Frame: - Key Observation: Transition in market structure from bearish to bullish, indicating a potential longer-term upward trend for USD/JPY. 3. Daily Time Frame: - Key Observation: A shift in market sentiment is evident, aligning with the bullish outlook observed in the weekly timeframe. Fundamental Analysis: Federal Reserve Policies and Economic Indicators 1. Federal Reserve's Stance: - Policy Outlook: Continuation of a restrictive monetary policy for the foreseeable future, with the possibility of rate peaks being reached. - Inflation Control: Strong emphasis on reducing inflation sustainably before policy easing. 2. Economic Indicators: - Optimism on Inflation: Growing confidence in managing inflation, with potential rate cuts envisioned in 2024, though the exact timing remains uncertain. 3. Market Reaction: - Impact on USD/JPY: The Federal Reserve's stance typically has a direct impact on USD/JPY. A more restrictive policy tends to strengthen the USD against the JPY, while a more dovish stance or rate cuts could weaken it. 4. Future Projections: - Interest Rate Trajectory: Anticipation of three rate cuts in 2024, suggesting a potential future weakening of the USD against the JPY. - Economic Growth Forecast: Slow growth expected in 2024, which could influence currency strength dynamics. 5. USD/JPY Specifics: - Japanese Economic Factors: Apart from U.S. economic indicators, USD/JPY traders should also consider Japan's economic health, monetary policy, and geopolitical factors influencing the yen. Trading Implications for USD/JPY - Short-Term Strategy: The bullish technical signals on higher timeframes suggest potential long positions in the short to medium term. However, be mindful of resistance levels highlighted by the liquidity at price highs. - Long-Term Outlook: Fundamental analysis indicates potential weakening of the USD in 2024 due to anticipated rate cuts. Traders may look for signs of trend reversal or strengthening of the JPY for future positioning. - Risk Management: Keep an eye on upcoming Federal Reserve meetings and announcements, U.S. economic data releases, and Japanese economic indicators. These can cause significant volatility in the USD/JPY pair. Conclusion For USD/JPY, the current technical analysis suggests a bullish trend in the near term, but fundamental factors indicate potential shifts in 2024. You should maintain a balanced approach, staying updated with economic developments and central bank policies in both the U.S. and Japan. As with any currency trading, risk management and continual reassessment of the market conditions are crucial.
Long
by Wiiso
#USDJPY: Possible 600 Pips Bullish Move Expected | It is on DXY|Happy weekends Everyone! FX:USDJPY it had created higher and then dropped to fill the order blocks, now price is at very critical area, if DXY remain bullish next week we can see a nice and clean 600 bullish move. For JPY, it is already bearish and will likely to remain bearish next week as the current economic conditions are not stable. Currently, what we expecting , watch for price to come down to our area then we advise you to take buy entry with 70-100 pips max and set tp at 147-149-151 as followed. Good luck and trade safe, remember to trade safe and use strict risk management.
Long
by Setupsfx_
29
USD/JPY H4 | Rising to 61.8% pullback supportUSD/JPY is rising towards a pullback support and could potentially bounce off this level to fall lower. Buy entry is at 149.180 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 149.915 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 148.148 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.40 Take profit 2 is at 147.510 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.27 Total risk 1.28% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Short
by Alvard
2
USDJPY BUYThe Japanese Yen (JPY) adds to its strong intraday gains against its American counterpart and drags the USD/JPY pair to a four-week low, around the 148.00 mark during the early European session on Thursday. A rise in Tokyo CPI, along with hawkish remarks by Bank of Japan (BoJ) officials, lifted bets that the central bank will exit the negative interest rates regime as soon as this month. This, along with a generally weaker tone around the equity markets, provides a goodish lift to the safe-haven JPY and drags the currency pair lower for the third successive day. The US Dollar (USD), on the other hand, languishes near its lowest level since early February amid mixed signals about the Federal Reserve's (Fed) rate-cut path and does little to lend any support to the USD/JPY pair. This, in turn, suggests that the path of least resistance for the currency pair is to the downside and supports prospects for a further near-term depreciating move. Traders now look to Fed Chair Powell's second day of testimony, which, along with the US Weekly Initial Jobless Claims and Trade Balance data, might drive the USD ahead of the NFP report on Friday.
by Senorita71
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
Long
by TraderEngineering
1
USDJPY I Technical and fundamental analysis & Trading PlanWelcome 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!
by BKTradingAcademy
1
USDJPY M15 / Potential Long Move, Waiting for Confirmation✅Hello Traders! This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss. 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
Long
by GoodTradeST
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!
Long
by BKTradingAcademy
2
USD/JPY carving out an M-Top candle pattern - SHORT from 149.82USD/JPY has hit resistance at 150.38 and is retreating south. There's a clear M-Top candle pattern forming.This along with W-Bottom's are 2 of the most relaible candlestick patterns you should look for. If the price declines to 149.82 then this will be our entry SHORT. STOP is above the recent highs and take profit is the 200 EMA on H1 at 149.40 though as ever these STOPS and TP's are guidelines as all my trades are actively managed so these levels will frequently change. Note that we have potentially significant USD news at 13:30 GNP in less than an hour. US news this week has so far seen some large moves with many numbers missing by several percent. News at 13:00 is PPI which is usually a huge market mover but any large deviation from the expected 1% estimate will no doubt shift the USD. We also have Prelim UoM Consumer Sentiment which isn't usually a huge mover but we must also rmember its Friday and in 3 hours or so traders will be leaving their desks so volumes will shrink and this can either lead to wild swings or sideways movement of price.
Short
by forextraplaces
USDJPY H1 / Short Trade Entry Alert! ✅💲Hello Traders! This is my idea related to USDJPY H1. I see a double reaction from the FVG H1 and I expect a continuation of a bearish market until the price of 149.500 where we have the OB 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
Short
by GoodTradeST
2
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.
Long
by Chart_MasterPro