Usdjpylong
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
UsdJpy off to the Races or 1 more Retest 🏎 UsdJpy increases this week despite significant retail imbalances from last week failing to take price lower with notable inlfation data. We may observe a move to go down now after jumping up with news release volatility from last week. Otherwise, UsdJpy is currently testing a Daily Resistance level for the first time. We may anticpate a move down early in the week but consequential upside movement laster in the week. The Monthly candle has confirmed an upside breakout to our next monthly zone at 158. We may observe initial retest of 148.71 once more before seeing more upisde movement.
USDJPY: The USD weakened without the catalyst of important econoIn the foreign exchange market, the U.S. dollar weakened, closing at the day's low, extending Tuesday's losses. Data: October building permit applications were higher than expected, but did not provide much support for the dollar. Sterling fell by nearly 40 pips following October's retail sales data, but then rebounded sharply as the US dollar weakened. The yen led the rise among major currencies at the close of trading.
USDJPY Long position analysis.In my opinion that Huge bearish candle with high volume means that market is pushing the price dow to that specified level and I think it's good opportunity for going long.
if the price has come to this level you can wait for a change of character in 1 minute time frame for more confirmation about this trade.
Let's see what will happen...
Something is setting up on USDJPY, I'm just not sure what. USDJPY has been in decline again the Yen since last weeks CPI release. The thing I find most interesting though is the rate of the fall. The left hand chart shows the expected daily range (ExMo) for the pair, with price moving further than expectation in the last 4 sessions.
Yesterday we dropped double ExMo by 9:30am! With price sitting on the low for the rest of the session.
The issue right now is I'm not sure if the opportunity is in a reversion to the upside, or if we should fade any pops?
Let me know your thoughts, and I'll continue to update this idea as we go.
USD/JPY Bullish Trade Setup: Buy Limit at 149.5This USD/JPY trade strategy capitalizes on the currency pair's strong uptrend as identified from the monthly, weekly, and daily charts. The current price near 149.5 presents a compelling entry point for a bullish position. The setup involves:
Entry Point: A buy limit order at 149.5, positioned just below the current market price, aiming to capture potential upward momentum.
Stop Loss: Set at 148.5, below a recent swing low on the daily chart, providing a safeguard against unexpected downward movements.
Take Profit: The initial target is 151.5, just below the key resistance level of 152.0. This level is chosen based on the price’s historical performance, where it has yet to break this significant barrier.
The trade is backed by an overarching bullish trend, reflected in the higher highs and lows observed across all three timeframes. While the fundamental outlook indicates the USD's strength, particularly with better-than-expected retail sales data, the high sell sentiment in the market suggests a possibility of a short squeeze, further supporting a bullish approach.
USDJPY I Potential long from support Welcome 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.
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USDJPY: Comments on USDJPY on November 14Yomiru: Japan plans to reduce taxes for businesses that increase wages
A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%.
The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation.
If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.
USDJPY → Moves on the upward trajectory toward 152.00 levelFX:USDJPY continues to move on the upward trajectory, trading around yearly highs at 151.70 during the European session on Monday. The USD/JPY pair eyes a potential ascent toward the major resistance at the psychological level of 152.00. This could materialize if the strength of the US Dollar (USD) gathers momentum, propelled by higher US Treasury bond yields and the hawkish comments from Federal Reserve (Fed) Chair Jerome Powell.
The technical indicators paint an interesting picture for the USD/JPY pair. The 14-day Relative Strength Index (RSI) is positioned above the 50 level, indicating upward support. This signals a bullish momentum and reflects a robust market sentiment. With this, there's potential for the pair to advance toward the next barrier at the resistance level of 152.50.
Adding to the positive outlook, the Moving Average Convergence Divergence (MACD) line is situated above the centerline and the signal line in the USD/JPY pair. This configuration suggests a stronger momentum and reflects a prevailing confidence in the market.
On the flip side, the USD/JPY pair could meet the support at the 21-day Exponential Moving Average (EMA) at 150.35, followed by the 150.00 psychological level. A decisive break below the latter could push the pair to navigate the area around the 23.6% Fibonacci retracement at 148.40.
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY: Asian foreign exchange market calms down, US dollar recoMost Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded.
This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy.
Sentiment towards Asian markets remains subdued as traders remain nervous about hawkish signals from the Federal Reserve. Signs of continued weakness in China's economy also have traders wary of regional markets.
The Japanese yen fell 0.1%, remaining above 150 yen to the dollar, with dovish signals from the Bank of Japan and a strong dollar providing little support. The weak currency has traders bracing for possible foreign exchange market intervention by the Japanese government aimed at strengthening the yen. Japan's cabinet issued a series of verbal warnings against such moves in October.
Celebrate the Yen's Historic Low Against Euro and Dollar Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen!
Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A weaker yen means that it takes more yen to purchase the same amount of euros or dollars. This situation can lead to potentially lucrative opportunities for those who are willing to take action.
Here's where the excitement builds up: by going long on the yen, you have the chance to profit from its potential recovery against the euro and the dollar. As the yen gradually strengthens, you can ride the wave and watch your profits grow. It's like catching a rising star in the currency sky!
So, how can you seize this golden opportunity? Here are a few steps to get you started:
1. Conduct thorough research: Dive into the current market trends, analyze historical data, and keep an eye on any relevant news or economic indicators that may impact the yen's future performance.
2. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and trading goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your potential gains.
3. Stay informed: Continuously monitor the market and stay updated on any developments that may affect the yen's trajectory. Being aware of market sentiment and adapting your strategy accordingly will help you stay ahead of the game.
4. Utilize risk management tools: Remember, trading involves risks. Implement risk management techniques such as setting appropriate position sizes, using stop-loss orders, and diversifying your portfolio to protect your investments.
5. Seize the moment: When you feel confident in your analysis and strategy, take action! Execute your trades and keep a close eye on the yen's performance to make timely adjustments if needed.
Remember, my fellow traders, fortune favors the bold! The yen's historic low against the euro and the dollar presents a unique opportunity for those who are willing to take action and ride the potential wave of yen appreciation. So, let's embrace this exciting moment and make the most of it!