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Usdjpyforecast

USD/JPY Trend AnalysisOn the first day of a new trading week, the pair was faced with new supply, and it has now given up a significant portion of its Friday gains. The riskoff trend in the markets, which tends to boost the safe-haven Japanese yen, fueled the first day of a negative move in the previous three. The fastspreading Delta variation and a global economic recession continue to worry investors. This, combined with the imminent disaster at leveraged developer China Evergrande, dampened risk appetite. Politics has contributed to the uncertainty ahead of Canada's and Germany's federal elections this week. As a result, the market's attention is drawn to the crucial FOMC monetary policy meeting, which begins on Tuesday. Investors will be looking for signals regarding the expected timing of the tapering of bond purchases, which will have a significant impact on near-term USD price dynamics and give the USD/JPY pair a new directional impetus. Meanwhile, in the absence of important market-moving economic reports on Monday, traders will look to broader market risk sentiment and US bond yields for potential short-term trading opportunities.
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by meelbijendra
20th September 2021: USDJPY Losing Momentum $108.00FX:USDJPY will be likely losing its trend next week. This projection will be lead to the price of $108.00 in near future. While waiting for the economic projection on FED 21-22 September 2021 news, the market will turns slow as all trader waiting for the news result. As many statement on the market analysis, FED will be unlikely to announce tapering next week. While the stimulus on the dollar has diminish, this will give advantages to other intrusment on hedging against the Dollar. “In the U.S., the key focus of next week will be the Federal Reserve’s meeting, though it may prove unextraordinary. After what was a disappointing August jobs report, it’s unlikely we’ll see the Fed formally announce the tapering of its outsized asset purchases. We do, however, still see that occurring this year, so we’ll be closely following Powell’s press conference for clues on the exact timing.” On the other side of sentiment and position contract, fund manager and commercial trader has been locked their selling position on Dollar next week versus the Japaneses Yen. The tide has change for next week and looking towards the Dollar find support at $108.00 versus the Yen. Zezu Zaza 2048
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by Zezu_Zaza
USDJPY IdeaG'day Guys Today we going to analyse currency pairs. US Dollar vs Japanese Yen (USDJPY) Generally, these pairs are also known as Major Pair that is most traded in Forex Industry. Based on current market situations, this pair was stuck in a sideways zone on a bigger timeframe. If you guys understand about the financial market this is the stabilization of the economy between the US and Japan. Please note, BOJ (Bank of Japan) is famous for tapering and easing to ensure their currency stabilizing every time the world financial market-facing crisis might bring Japan slammed on the economic crash. Technically, recent break out at 4 hours time frame. showing that JPY getting stronger vs Us Dollar. I personally, expecting this pair to form a downtrend rally soon. Let's see what happen next.
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by EYFMarkets
More tendies to the downside for MMs,but be careful of fake out!The dollar yen continues to trade in a range it formed since mid August, we are short on this pair but a fake out may happen to the upside before the downside targets can be achieved. BEAR CASE Price looks ready to dump down from here to reach our targets to the downside at 109 and 108.5 BULL CASE We should not be surprised if market makers continue to hunt for stop losses to the upside faking out traders before taking a dump. If this happens, we see 110 and 110.4 as possible areas of resistance.
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by IkanBilisCapital
USDJPYThe US dollar gave back early gains against the Japanese yen as the ¥110 level continues to offer resistance. By turning around the way it has, it looks as if the market will continue to favor selling pressure more than anything else. The ¥109 level continues to offer support, so if we were to turn around and break down below there then it is likely that we could go looking towards the ¥107.50 level. On the other hand, if we were to turn around and break above the ¥110.75 level, then it is likely that the market could break out towards the ¥112 level after that.
by SmoothJB
USDJPY | Perspective for the new weekPrice did not move as expected from our last speculation on this pair (see link below for reference purposes) as Y109.200 became a very strong Demand level for the Yen. Tendency: Downtrend (Bearish) Structure: Breakout | Supply & Demand | Trendline | Harmonic pattern (AB = CD) Observation: i. In the last 10 days and since the price broke down Y110.100 (Demand zone on the chart), the Greenback has gotten a little choppy against the Japanese yen as indecision continues to reign in the market. ii. With the non-farm payroll coming up in the week, participants remain cautious about doing anything other than simply trading in short-term range bound moves. iii. Multiple rejections of Y110.200 which also coincides with a 61.8% retracement of AB leg insinuates a transition into a Harmonic pattern (AB = CD) in the coming week(s)with parameters explained below; a. Impulse A-to-B is expected to be in harmony with the potential C-to-D leg. b. The B- to-C leg is at 61.8% Fibonacci retracement of the A-to-B leg. c. The C-to-D leg is expected to fall within 127.2 - 1.414% Fib. ext . of the A-to-B move @ Y108.500 area. iv. Below Y109.800 Level (Key level) remains a comfortable area to take advantage of the intended Bearish bias as I look forward to a Breakdown/Retest of the Trendline in the coming week. v. And a further Breakdown of the channel at Y109.400 shall welcome an opportunity to add to our existing position... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 100 pips. Risk/Reward : 1:3 Potential Duration: 2 to 5days 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.
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by darcsherry
Tendies ripe for the taking on the USDJPYThe dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart! BEAR CASE There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting the 107.5 levels. The liquidations of the longs will result in more selling into the markets as traders are forced to sell their leveraged long positions at a loss in the market. BULL CASE If the bulls find the resolve to buy up the dollar at these levels, we think that the price will continue to trade within the descending triangle building up for the downside move that wlll eventually come.
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by IkanBilisCapital
USDJPYHello Traders Welcome back to another profit day If you like my idea please give me a like and comment, That's will be a great appreciation to do more predictions Here is the full analysis for this pair, Let me know in the comment section below if you have any questions, the entry will be taken only if all rules of the strategies will be satisfied. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. USDJPY view with order block Remember this analysis is not 100% accurate No single analysis is To make a decision follow your own thoughts. The information given is not a Financial Advice. Please support this idea with a like, if you find it useful have a good profit week guys
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by Bexi03