Usdjpyforecast
USD/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/JPY for the new week ahead
USD/JPY I am expecting a pullback to the order block zone, this pair is still looking bullish to me overall, so will looking for buy trade only
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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Choppy USDJPY to test the top of the channel.The price for USDJPY is consolidating at the bottom of the channel looking for another run to break the top of the channel. The bottom may be in but do not be surprised to see another fake out to the bottom. If you are already in the long, and in profit, you can take some profits off the table once price tests 116.5. Otherwise, I think we can wait for a better buy entry when price hits the oversold region of the 4hr RSI.
USD/JPY Analysis: JPY will be strong against all currenciesDuring the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles.
So, safe-haven JPY will dominate all currencies and especially commodities currencies. S0, USD/JPY, AUD/JPY, NZD?JPY and CAD/JPY are at risk of dropping more and more.
So, let's check out my USD/JPY chart.
USD/JPY Sell 114.50
Stop-loss above 116.50
Target zone 1: 112.85
Target Zone 2: 111.00
USDJPY | Still in downtrend.If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
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Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
More downside for the USDJPY but capped in a range.It looks like there is more downside to come for the DXY though the move will likely be capped in a range. This downward move can get some support at around the 114.6 or 114.2 levels before it hits the bottom of the range. What the price chooses to do at those levels will be largely dependent on what the central banks do. Is the federal reserve going to turn more hawkish than they already are? Or are they going to stick to the original plan?
USDJPY | Might get an impulse to the upside.If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Look for more downside to continue Hi Traders,
USDJPY is shaping up to continue its bearish momentum. As we can see the volatility on Friday made another swing low to further this correction development. We still have room to fall and with the Russia and Ukraine situation happening, I suspect safe-haven currencies like JPY will continue its strength.
Waiting for a strong Impulse breakout followed by a correction before I enter this sell.
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USD/JPY Formed a head and shoulder pattern Hi there, USD/JPY has formed a head and shoulder pattern and could not break above its right shoulder. So, it may drop the current level to its trendline support zone.
USD/JPY Sell zone: 115.50 zone ( Left and Right shoulder zone)
Stop Loss: 116.50 ( Above Neckline)
Target Zone: 114.20 ( Trendline Support Zone
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.