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Usdjpylong

USDJPY I Bullish USD unemployment claims long from supportWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
3
💡 USDJPY: Next predictionLast Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings last month, prompting investors to scale back their expectations of a Federal Reserve interest rate cut in the coming year. Furthermore, the increase in US Treasury bonds and the strength of the US dollar are additional factors contributing to the yen's depreciation. Following the release of the US non-farm data, USD/JPY swiftly rebounded, with the MACD double line and bar chart forming a golden cross below the zero axis. Nevertheless, it is still trading below the 48-hour moving average, suggesting the possibility of a short-term pullback. -> Sell ​​strategy can be applied and stop loss is necessary.
Long
by Stone_Haven
#USDJPY: Still bull have the control! Dear traders, with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price from the current trading price rise from this moment. Second, is where price can drop around 144-143 region and bounce from that point.
Long
by Setupsfx_
2
USDJPY → Drop to 144.000!? Or Fly back to 152.000? Let's Answer.USDJPY fell from the double top as predicted in last week's analysis, hitting my take profits all the way down to 147.120. Will there be more downside or are we ripe for a rip back to 152.000? How do we trade this? 🤔 This analysis shows us three clean support areas: 146.000 (Bull Channel Support), 145.000 (Previous High), and 144.000 (200EMA). It's reasonable to zoom into small timeframes and look for short scalp setups down to those levels. Since the macro trend is bullish, I would be careful to hold any shorts now that the gap from 152.000 has closed the majority of the way. The RSI is still below the moving average and has *some* room to fall, supporting the short-term bear bias. Long-term, look to get long! We'll need a strong show of support with a bull signal bar and confirmation candle closing on or near its high and for the RSI to head upward breaking above the Moving Average. 💡 Trade Ideas 💡 Short Entry: 146.850 🟥 Stop Loss: 150.000 ✅ Take Profit: 143.700 ⚖️ Risk/Reward Ratio: 1:1 Long Entry: 145.500 🟥 Stop Loss: 143.200 ✅ Take Profit: 150.100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Double Top Reversal Signal. Still Gaps to Fill. 3. Wait for Support at Channel Support, Previous High, or 200EMA. 4. Previous Channel High of 145.000 Final Target. 5. RSI at 35.00, below Moving Average. Supports Short-term Short, Long-Term Long. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and comment if you found this analysis useful!
Long
by TraderEngineering
UsdJpy- Is this correction over?Recently, I mentioned that USD/JPY might decline from above the 150 mark to test the 147 support or even the crucial 145 level. However, let's not deceive ourselves— the trend for USD/JPY remains extremely bullish. Even if there's a correction of around 500 pips, it's merely a temporary setback, and, from a fundamental standpoint, nothing is changed to indicate a reversal. Technically, as illustrated in the chart, the recent decline is confined within a falling wedge, a pattern that typically signals a resumption of an upward trend. As previously discussed, the 145 zone serves as a robust floor for the pair. In the event of a drop to that level, traders might consider buying with a risk-reward ratio of at least 1:5. Alternatively, a daily close above 147.50-147.70 would indicate that the recent low of 146.20 is the bottom, and the pair could reverse direction without testing the significant support level. In conclusion, from the perspective of a swing trader, the focus should be on identifying buying opportunities in the market.
Long
by Mihai_Iacob
8
USDJPY Longs from 145.000 up to 148.300This week, the current position of USDJPY appears favorable, positioned near two promising Points of Interest (POIs). We are inclined towards buying opportunities as the price has recently responded to a supply zone, and we anticipate a slowdown and accumulation. Upon the completion of Wyckoff accumulation within our designated zone, we will seek buy positions for a short-term trade, aiming to reach the nearest significant supply. This counter-trend trade will serve as a retracement, acknowledging the temporary bearish trend. Confluences for USDJPY Longs are as follows: - To sustain its bearish trend, the price must respond to a demand level, prompting a retracement. - The price is nearing a crucial demand level on the 13-hour chart that has broken the structure to the upside. - There are remaining equal highs and imbalances above, which needs to get mitigated. The Dollar Index (DXY) is poised for an upward retracement, aligning with this bias. - The overall market trend on higher time frames, such as the monthly chart, remains generally bullish. - Price has taken some significant liquidity like asian lows so price might be due for a correction. P.S. Upon the price reaching our 4-hour supply zone, we will patiently await a form of redistribution to align ourselves with the bearish trend. Currently, our focus is on the anticipation of a slowdown and pullback, which we expect to occur in response to the 13-hour demand.
Long
by Hassan_fx
1
USDJPY: Asian foreign exchange increased, USD hit 3-month lowMost Asian currencies rose on Tuesday, pushing the dollar to a three-month low as confidence grew that the U.S. Federal Reserve is done raising interest rates. However, gains for most regional currencies were limited this week as traders remained cautious on a number of key economic indicators. This week, all eyes will be on the PCE price index, the Fed's preferred inflation measure. The Japanese yen had a particularly strong day, rising 0.3% on the day, as traders said they expect the Bank of Japan to exit its ultra-easy stance in 2024. Japan's stable inflation figures released last week further support this assumption. Thanks to the Fed's reassurance, the yen continued to recover from the 150 yen level. The immediate focus will be on Japan's industrial production and retail sales figures, which will be released later in the day. week.
Short
by Chart_MasterPro
USD/JPY Eyes Bullish Impulse on Japan's Economic SignalsUSD/JPY Eyes Bullish Impulse on Japan's Economic Signals Recent data from Japan indicates progress in achieving sustained inflation, sparking speculation of a possible shift in the Bank of Japan's (BoJ) ultra-dovish policy in the early months of 2024. This contrasts with the belief among investors that the Federal Reserve (Fed) has concluded its rate hikes and might initiate a policy easing as early as March 2024. In line with our analysis from yesterday, the USD/JPY appears to be leveraging a new bullish impulse, particularly given its negative correlation with the EUR/USD, which is currently facing bearish pressure. During the Asian session, the price retraced to the 61.8% Fibonacci level from the recent low, creating a potential setup for a new bullish movement in the pair. Our Preference: Above 147.500 look for further upside with 150.30 & 151.50 as targets.
Long
by FOREXN1
1
7 Dimension Analysis For USDJPY 🕛 TOPDOWN - Navigating Breakouts and Corrections Overview: This currency pair broke a 25-year resistance level last year, displaying a fakeout. This year, a robust flow confirms the breakout, with potential for a yearly closing above this level. There's also proximity to breaking a multi-year head and shoulders pattern, accompanied by substantial multi-year buy volume. On the monthly chart, a cup and handle formation is observed, potentially forming a twizzer top for a last pullback. The weekly chart indicates a pre-breakout buildup, with the last week's liquidity sweep candle hinting at further upward movement, especially given its location above the yearly CIP levels. 😇 7 Dimension Analysis Time Frame: Daily 1️⃣ Swing Structure: Bullish 🟢 Structure Behavior/BoS: Break of Structure 🟢 Swing Move: Corrective, but a classic bullish pinbar signals the end of correction and a valid high. The upcoming FVG area may guide the final decision based on potential rejection. 🟢 Inducement: Done; the next unmitigated order block is crucial if prices decline further. 🟢 1st Pullback: Possibly deep; internal structure is bearish corrective. Noteworthy is the liquidity sweep indicating potential fakeouts or continuations on the buy side. 🟢 Resistance/Support Areas: Resistance, supply, and trendline broken, yet resistance is yet to be broken. Buildup and pre-breakout QC suggest cautious optimism. 2️⃣ Pattern 🟢 CHART PATTERNS Reversal Rounding Patterns, Double Top. Consolidation Rectangle signaling a bearish breakout. Raising Wedge with bearish breakout. Shakeout Continuation, favorable for bulls. 🟢 CANDLE PATTERNS Key Observations: Long wicks: Hammer at yearly CIP. Momentum candles: Engulfing/Fakeout/FOMO favor bulls. Inside: Narrow Range 4, anticipating breakout direction. Tower top/bottom signals climax players favoring bullish FOMO. 3️⃣ Volume: Average volume observed, necessitating observation during corrections and cycles. 4️⃣ Momentum RSI: 🟢 Momentum State: Sideways yet. 🟢 Range Shift: From super bullish to sideways. 🟢 Divergence: Back-to-back bearish divergence suggests a potential correction. 🟢 Grandfather-Father-Son Entries: Strongest buy area post-correction. 5️⃣ Volatility Bollinger Bands: 🟢 Middle Band Trend: Bullish; crossing for buy signals. 🟢 Headfake: Lower line head fake signifies a strong buy signal. 6️⃣ Strength - ROC Values: JPY is the weakest against all currencies currently. ✔️ Entry Time Frame: Two areas for buy consideration - Daily (144.555) and Hourly (149.49). ✅ Entry TF Structure: ☑️ Current Move: ✔ Support/Resistance Base: ☑️ Candles Behavior: RSC, Longwicks, Doji, Inside, Momentum. ☑️ FIB Trigger Event ☑️ Trend Line Breakout ☑️ Final Comments: 💡 Decision: 🚀 Entry: ✋ Stop Loss: 🎯 Take Profit: 2nd Exit if Internal Structure Changes, 3rd Trendline Breakout, FOMO. 😊 Risk to Reward Ratio: 🕛 Expected Duration: SUMMARY: The analysis showcases a bullish scenario with a breakout from a significant resistance level. While corrections are anticipated, the structure remains bullish, with potential buy entries on both daily and hourly time frames. Divergence signals caution, and key candle patterns, volume analysis, and strength indicators contribute to a comprehensive strategy for navigating this intricate market situation. I will update this idea further with coming market condition and also update all tp and stop level
Long
by Optimum369
USDJPY I Rejecting support and potential riseWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
8