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Usdjpyforecast

USD/JPY Short Opportunity Ahead Of NFP USD/JPY has formed a bearish pin bar candle from its resistance trendline zone, indicating the USD?JPY may drop. Several times USD/JPY tried to break below the trendline support, it couldn't. JPY is a safe-haven currency. Usually, it was supposed to be a strong JPY. However, that didn't happen during Covid and Russia-Ukraine issues. It was not supposed to be the weaker JPY during the crisis. But it mainly happens for the bank of japan's decision. They intervene in the JPY and make it weak to support their economy. But if the crisis stays a long time, BOJ may be able to weaken JPY for a long time. So, I think it is the best time to buy JPY for the future. If today's NFP print is positive, USD/JPY may rise slightly, but it won't last long. From its immediate resistance level, I hope USD/JPY will drop nearly to its trendline support zone. Though I am not expecting that the USD/JPY will break below the trendline support today, it has a chance if the NFP prints super negative. And if the Russia-Ukraine conflicts rise more hopefully, next week USD?JPY will break below the trendline support, at least USD?JPY won't go above 117.00 as long as the crisis exists. Based on all the factors, I remain selling on USD/JPY.
Short
by Gold_Trading_Expert
1
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
Short
by Gold_Trading_Expert
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. 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.
Short
by maxprofprofile
1
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?
Long
by IkanBilisCapital
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.
Long
by maxprofprofile
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. Whats your view on this pair ? Comment below and share your analysis! Support more of these by clicking the LIKE button if this has helped you! Good luck!
Short
by ktlfx