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Usdjpyforecast

USDJPY: Corrective phase, Short intraday opportunity!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/JPY , translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Daily timeframe: 4 hours timeframe: The USDJPY is still clearly in uptrend, got two strong bullish impulsive movements and currently in its corrective phase. In lower timeframe (4hrs), it’s possible to see how the price formed a big fair value area, approaching a local resistance level during the last trading day. Considering a strong intraday bullish impulse and a losing of momentum around the resistance level, a retracement or a full move to the downside is expected! When, where and why would I step into the market? This fair value area looks quite interesting, since December we can see most trading activity to the downside, clue that sellers are showing their pressure. I usually don’t step into the market while the price is around the control level, but considering a good rejection on the resistance level and good selling pressure I will place a short position on a clear intraday market reversal. My stop loss would be above the price control, resistance zone and last swing and take profit around the lower value of the area. In the scenario of breakout to the upside, no action will be taken on this market. If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
31
USDJPY, splendid trade closed in ProfitHello everyone and congratulations to those who yesterday closed this trade with TheCyclicalTrading in gain ! Many of you dumped your positions at 38.2%, you got the most out of this trade, congratulations; others have closed part of the lots on the support at 114.23 and the rest on the Stop profit, that's fine; all with different strategies, and all profitable if applied to the cyclic method , you are all really good, I am proud of you . :) What do we expect from the USDJPY now? This is graph W1 for a broader perspective: The five- year cycle has just begun , and a sell signal has entered just where we have this latest profit, but it's just a pullback on the weekly. We may see the price reach 125.50 by the end of 2022, with more short signals from which medium-term trades can emerge, but the big cycle commands and is bullish. However, we will continue to follow him in H4 with the semester and we will try to steal every single movement. For now we just observe and stand still , because there is no Long signal in any of the timeframes of our interest.
by The_Cyclical_Trading
USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
Short
by SmoothJB
USDJPY ShortAnalysed as far back as 10th December to identify current market setups Market is in a clear long term bearish setup but short term sells. Awaiting on confluence based on: Fib zones (seen by green lines) Support zones (Seen by green lines) Candlestick pattern (awaiting buyers in the market) Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries. Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
Short
by motheomabudusha
USDJPY, watch out for the pullback So far our trade has gone just fine, I would say perfect, but Friday night and this morning he woke up in pullback, and it is right to lower the Stop Profit to avoid nasty surprises. On the H4 timeframe we are right now on the MML and I hope it is resistant enough to block the bullish impulse, but let's see where to best place the Stop. Plotting a Fibonacci on the last bearish vector I decided to set the SP at 61.8%, so as to give the price the possibility to go up to a possible 50%. New Stop Profit Level: 115.25
Short
by The_Cyclical_Trading
1
USD/JPYThe US dollar plummeted against the Japanese yen but did recover slightly during the Friday session. At this point, it looks as if there is a lot of selling pressure, so I think if we do rally at this point, a significant amount of resistance may cause some issues. At the first signs of exhaustion, I anticipate that there will be a lot of traders out there willing to short this market. That being said, the ¥112.50 level underneath should be a significant support level. To the upside, keep an eye on ¥115, because it is so important.
Short
by SmoothJB
2
Wave 5 complete and we gonna see more downside for the USDJPY?Is wave 5 complete and more downside to come for the USDJPY. We think this is unclear at this point of time and we should be seeing some kind of choppy wave action at these levels with a bias to the downside. If you want to trade the dollar yen, go for quick scalping trades with a bias towards shorting the top of the range. BEAR CASE If you manage to enter for a short at market opening next week, the pair is good for a short. BULL CASE Going for longs here is like catching a falling knife. I'd be cautious for longs until a clear range is formed.
Short
by IkanBilisCapital
USD/JPY may drop more after breaking below 114.40Japanese yen became strong enough against the USD after the CPI report was released. Though the price index increased, it seemed not manageable, and the USD fell apart against all the major pairs. USD/JPY is hovering nearly the trendline support zone. 114.40/35 is immediate and trendline support; after breaking below 114.40/35 USD/JPY may drop more nearly 113.32 price zone this week. Today the USA labor market will release PPI and unemployment claims. I hope these reports are not going to help the USD. However, if these reports print positive USD/JPY, it can test the descending trendline area nearly at the 115.05/115.15 price zone. But as long as USD/JPY is below the descending trendline, I mean 115.10 price zone, it still has a chance to drop more. So the sell order will be invalid if only USD?JPY breaks and is stable above the 115.10 price zone. Otherwise, we will continue our sell trade from nearly 115.00 or break below the 114.40 price zone.
Short
by Gold_Trading_Expert
2