USDJPY Short setupEven if there are some bad news for Japan, i expect weakness on USDJPY. There's a bearish divergence on H1 and H4 timeframe and price has broke below main trendline. I am targeting first support zone at 149.000
Usdjpylong
USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.
USD / JPY long Looking for the 4h close to confirm rejection, but probably not volume until tomorrows CPI
BUY TRADE SETUP ON USDJPYHey Traders,
Check this analysis out on USDJPY. The pair had been trending toward the upside for quite some time. Now, it had broken the immediate resistance that could cause a bit of pressure that sellers could take advantage of, followed by an actual smooth pullback.
Provided that the price remains below the support, I will look for a short trade.
Keep a close tab on this one.
USDJPY Pair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Falling Wedge as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line
Break of Structure and Retracement
Completed Impulse Waves " 12345 " and Corrective Waves " ABC "
USDJPYUSDJPY is in strong bullish trend.
As the market is consistently printing new HHs and HLs.
currently the market is retracing a bit after last HH, which is 50% Fib retracement level and local support as well. if the market successfully sustain this bullish confluence the next leg high could go for new HH.
What you guys think of this idea?
"Forex: Secret Strategies for Mastering USD/JPY Trades!"📌Examining the trend in the four-hour time frame, USD/JPY has formed a bullish head and shoulder pattern, which seems that the rate after the pullback to the neckline resistance range in the range of 148.59-148.83 can reach resistance. 🎯The upper level of the Andrews fork in the Fibo range of 261.8% will increase at 153.03.✔️
USDJPY I Potential pullback and more growth Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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USDJPY | Perspective for the new week | Follow-upExplore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy.
However, amidst this positive momentum, factors such as heightened conflicts in the Middle East are fostering cautious sentiment among investors. The Japanese Yen, drawing in some buying potential, cannot be overlooked. Additionally, the Bank of Japan's recent hawkish stance signals potential shifts away from extensive stimulus and negative short-term interest rates, potentially providing support to the Yen.
As we navigate these intricate market dynamics, this video serves as your guide, offering insights on how to plan your positions strategically for the upcoming week.
USDJPY Technical Analysis:
As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.500. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead.
Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together.
Wishing you success as you navigate the USDJPY market this week!
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USDJPY will grab liquidity then surge!Pure technical analysis.
USDJPY has penetrated the upper channel of the trendline, but will not shoot straight up. Instead, the price will retrace to the strong traditional support in the 145,000 zone, as the price has had a lot of interaction in this area formerly.
The 145.000 area coincides with the Fibonacci zone between 0.384 and 0.5, as well as the leg E zone of Elliot Waves.
For entry, wait for the price to turn back to this important zone, then take a buy position in the price range of 143.500 to 145.350, then set take profit in the Fibonacci extension zone of 1.272 at the price of 151.000 - 152.000, an area that was also previous resistance.
If it works, continue take profit to 1.618 area as second take profit (154.000 level). Subsequent analysis needed.
Cancel the setup if the price breaks below 143.550 level.
Bullish or bearish signs build in USD/JPY? Bullish or bearish signs build in USD/JPY?
The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023.
The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be eyed with caution and uncertainty. The Yen faced is facing pressure due to dovish remarks from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida, where he emphasized a gradual approach to policy tightening.
On the other side of the trade, unexpected selling pressure might find defence around 148.300. Further downturns below this technical support may bring attention to 147.800, followed by 146.00. Notably, economists at ANZ Bank anticipate a near-term recovery for the JPY against the USD, projecting the USD/JPY to trade within the range of 146 to 148.50. A substantial decline to 136.00 is then envisaged by the end of 2024.
USDJPY Well you missed the big opportunity,but don't worry the market has always new opportunity,wait for a correction 1h and than chill out my friend,the market will make all the work.
Don't hesitate to write me if you wanna help.😁
USDJPY - LONGAfter long rally, USDJPY retraces and retested a support zone.
It is about to continue it's rally,
DXY is Long as well.
USDJPY - Long after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for a long. I wait price to make a retracement to fill the that huge imbalance lower and then to react from that zone.
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USD/JPY bulls eye a move to 150Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside.
A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal (Morning Star pattern) hints of an upside breakout from its consolidation. The 10-day EMA is also providing support on the daily chart.
From here, we're looking for dips within the bullish pattern and ideally for prices to hold above the 10-day EMA to initiate a long. Whilst prices remain above last week's low, the bias is for a move to the 149.58 - 150 zone.
USDJPY Levels of interestI am waiting two level on USDJPY before entering. 150.600 is the level where i wil start shorting, otherwise at 144.000 i will start buying. This two levels are really important, because they are daily support and resistance. This levels also fit as fibo level 1.618 and -0.618 of recent leg
USDJPY LONG - HTF TREND CONTINUATION!Waiting for a break and retest at 148.354 to long USDJPY back to Daily swing high at 150.859
If you agree drop a like and if you have any questions leave a comment :)
USDJPY M30 / Bullish Move Forecast 💲Hello Traders!
This is my idea related to USDJPY M30. I expect a continuation of the bullish trend and I will look for a long entry on USDJPY. We have a very strong bullish move and I want to see a retracement at the FIB 50% level.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY | Perspective for the new week | Follow-upThe Tokyo Consumer Price Index (CPI) for January witnessed a deceleration in Japan's national capital, dropping to 1.6% from the previous reading of 2.4%. This marks the first time in almost two years that consumer inflation has fallen below the Bank of Japan's (BoJ) 2.0% target. Additionally, the Core CPI (YoY) experienced a decline from 3.5% to 3.1%.
The Bank of Japan's December meeting minutes shed light on the monetary policy outlook and Yield Curve Control (YCC). Members of the BoJ Board expressed a consensus in favor of "patiently maintaining an easy policy." Several emphasized the need to observe a positive wage inflation cycle before contemplating the cessation of negative rates and YCC.
BoJ Governor Kazuo Ueda reaffirmed a strong commitment to achieving the 2.0% inflation target. His statements hinted at a potential gradual reduction of extensive stimulus measures in the future, aligning with the central bank's objectives for inflation and economic stability.
On the flip side, the USD is experiencing a recovery driven by market adjustments in response to the Federal Reserve's (Fed) rate cut expectations. Despite soft Personal Consumption Expenditures (PCE) figures from the US in December, which didn't significantly impact market expectations on the upcoming Fed meeting, there is speculation about a delay in the easing cycle from March to May. However, the Fed's tone in the upcoming meeting could alter these expectations.
Given these recent developments, how should we navigate the current market conditions?
USDJPY Technical Analysis:
As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.800. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead.
Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together.
Wishing you success as you navigate the USDJPY market this week!
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USDJPY: The dollar was little changed before the European sessioVolatility among major currencies was relatively mild ahead of today's European session. The Australian dollar edged up slightly, building on yesterday's sharp recovery during the US session. Notably, AUD/USD bounced off the December low and 100-day moving average at 0.6525-30 but is now returning to its previous accumulation phase near 0.6600
USD/JPY fell to a more than two-week low and tested the 146.00 level yesterday. That comes after Treasury yields fell sharply again, which made things more complicated this week.
There are no data of note on the economic calendar in Europe today. Thus, all focus and attention will be on the upcoming US employment report.
USDJPY - Short term downside ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here I expect bearish price action for short term as price filled the imbalance and rejected from bearish order block M30. My target is liquidity below equal lows and institutional big figure 147.000.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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USD-JPY: LONG CALL: ONE HOUR TIME FRAMEUSD is clearly moving in a bullish direction against the JPY. Thus this trade can be a good opportunity for a LONG trade at One hour interval. NOTE: If you are planning to take this trade then do not forget to put your SL. Once the TP1 hits, bring your SL to Breakeven.
Best of Luck.
Bullish USDJPYFrom weekly bullish engulfing pattern, and daily break of bearish trend channel and 4-hourly break of structure, USDJPY seems to be bullish.
Entry Price: 142.85 to buy low
Stop-loss: 141.50 to allow scale-in / averaging for stop-hunts / sell-side liquidity
Target Profit: 146.00
Reward-to-Risk: 2.33
