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Usdjpyforecast

Indecision for the USDJPYThis chart looks indecisive, the bias is to the upside. If it is going down, there's going to be a long struggle where price trades sideways for an extended period of time. From an elliot wave perspective, looks like it is due for a wave 5. BULL CASE Price to break farther up from here, retest the top of the channel and find a higher high. This could be a rather short wave and we may find rejection as soon as 115. BEAR CASE The downside should be rather capped for this pair and if there's a big one coming, it will need to trade sideways for a bit.
Long
by IkanBilisCapital
USDJPY at an inflection point.Is Biden going to drop Powel? That's the million dollar question. Inflation is on the verge of bursting out in the US, if that happens, we will see price break out of the channel to reach higher heights. Otherwise, a rejection at the top of the channel to remain status quo is set to play out. BEAR CASE Until proven otherwise, our bias is status quo, we are expecting a price rejection at around 95.5. BULL CASE If price breaks out convincingly, we will wait for a pull back to make sure it's not a fake out and go for a long. The retest at 95.5 after a break out is in our sights.
TVC:DXYShort
by IkanBilisCapital
USDJPY , Its time to sellHello guys According to last analysis about USDJPY we shown resistance zone and now the price is in it and it seems that is making a triangle and its ready to fall down We can be in position short with nice R/r and take profit until the 1st target and if the price can break the first target powerfully we can use our strategy for the second target And we check the chart in multi-time frame and in 1h time frame we took another acceptance for taking short position Dont Forget use stop loss and money management Previous analysis : Good Luck Abtin
Short
by Abtin00
UsdJpy- Rise to 118.50?There is no doubt that the overall trend for UsdJpy is strongly bullish and after reaching a recent high above 114, the pair corrected some of the gains. The spike under 113.30 support was short-lived and quickly reversed giving us a signal that bulls are here and are very strong Now UsdJpy is trading just under local resistance and a break looks imminent. Once we have this break we can expect continuation to the upside and 118.50 is my target for this rise
Long
by Mihai_Iacob
13
More downside for USDJPY but limitedPrice continues to trade in a range this week. We think that will continue into the rest of the year. The bearish engulfing candle is formed on the 4hr and more downside will come at the start of the week but the downside is capped by the 200MA. BEAR CASE Price dumps straight away from these levels. Our target is between 122 and 122.5 BULL CASE Price consolidates upwards before the bear case is fulfilled. If this happens, it should be capped by the top of the channel at around 114.
Short
by IkanBilisCapital
USDJPY | Perspective for the new weekThe US dollar appears to have regained bullish traction as we witnessed a bounce back and forth before the price finally broke out of the Key level @ Y130.800 to reveal buyers strength at this juncture in the market. As we all have noticed that the Yen is being sold off against almost every major pair in recent time, and following Higher US bond yields and hawkish Fed expectations the scenario painted here is not a different one at the moment. The present market structure could probably explain what is going on with the Japanese yen as I look forward to a buying opportunity on this one in the coming week. Tendency: Uptrend (Bullish) Structure: Breakout | Supply & Demand | Trendline Observation: I. Since mid-September 2021, the USD recorded a 5.05% growth over the Yen to set the tone for a Bullish momentum in the long term. ii. Despite citing a reversal pattern after hitting a peak at Y114.700 in mid-October 2021; Sellers have been finding it difficult to push the price below Y113.400. iii. Bearish Trendline: A visual representation of resistance line drawn over pivot highs reveals the prevailing direction of price and speed of price in the last couple of weeks. iv. However, the Y113.400 Level has kept price "supported" in the last couple of weeks to suggest a decline in Bearish momentum. v. In this regard, it is obvious to state here that buyers have continued to pick prices up from Y113.400 hereby making this zone a significant demand level in the meantime. vi. Following a Breakout of Key level @ Y113.800 during last week trading session, I shall anticipate a Breakout of Bearish Trendline for signal confirming a rally in the coming week(s). vii. Even as above Key level remain a yardstick for taking a long position, I have identified a "New Demand level" on the chart for trading opportunities should the price plunge... Trade consciously!😊 NB: Considering the reversal pattern identified after hitting Y114.700, It is worthy to state here that a significant Breakdown of Y113.400 should render the narrative invalid hereby welcoming an opportunity to short the pair temporarily (correction phase) at a retest of the Demand zone broken. Trading plan: BUY confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:4 Potential Duration: 4 to 10days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
Long
by darcsherry
3
Do not go long! Correction MUST happen before upside for USDJPYThis dollar yen is largely range bound this week. The following week could see more upside but we have a strong bias to the downside before sustained bullish price action can happen. BEAR CASE Structurally on the 4hr, price looks like it's ready to break out to the upside and it probably will break the top but the move should be fairly capped because the weekly shows that we need a deeper correction before we can see more upside. BULL CASE It is possible that price moves to break ATH but we think the move will be capped. PS: We will not long this thing, looking for shorts only.
Short
by IkanBilisCapital