82% of retail investors hold short positions.Resistance Level 2: 150.00
Resistance level 1: 149.00
Spot price: 148.46
Support bit 1: 147.80
Support bit 2: 147.00
On Monday (October 9), the U.S. dollar fell 0.57% against the Japanese yen to 148.49. As the situation in the Middle East panics the market, the Japanese yen, a traditional safe-haven currency, has been favored in cross trading, which has also indirectly increased its direct quotation against the US dollar. In addition, although the U.S. non-farm payrolls data is strong, it is not enough to change expectations that the Federal Reserve will keep interest rates unchanged in November. Therefore, investors seem to be starting to find excuses to ease the pressure on the yen. USD/JPY is likely to see an adjustment downward trend under profit-making selling pressure. On the daily chart, the signs of top divergence seem to be gradually confirmed, the price line has also begun to fall below the middle track of the Bollinger Bands channel, and the technical indicators are trending downward. Pay close attention to the support of 147.50 below. If it falls below, be careful that the adjustment downward momentum may drag USD/JPY to a lower level.
Usdjpylong
USDJPY - D1USDJPY
After leaving the narrowing channel, the price failed to gain a foothold in order to form a pattern for a reversal, you can try to consider purchases, with a small stop, from these levels, continuing to move upward to the targets 153,200 - 157,460
What can you expect now?
You can consider entry from these levels (149,130) - exit or cancellation of the idea 148,240
Targets 150,145 - 151,300 - 152,060 - 153,200
❗ USDJPY: Unimaginable Highs ⚡Crazy right?!😲 Who would have thought we would be back trading at the 1998 highs? Well, here we are.
Sooooo what is the game plan now?
Ideally, we need to figure out a zone to sell from! 👇
So let's figure that out together:
Where is everyone trying to sell from currently?
⚡ The supply zone we are currently trading in.
Where will everyone's stop losses be if they are selling now in this supply zone?
⚡ Above the high.
So where can we expect liquidity and stop loss hunting?
⚡ Above the high.
Great! Now wait for the liquidity grab and begin your search for possible sells once that is complete.
Happy trading folks!! 😀😁😆
HapHazrd Pairs #2 UsdJpy💹First Ever Silent Commentary! Welcome to the first ever Silent Commentary Analysis for the Pair UsdJpy.
0:0 Intro!
:20 Monthly Analysis
3:45 Weekly analysis
5:09 Daily Analysis
7:11 4hr analysis
We can observe a strong trend and obvious momentum on UJ since the Year began. The Septmeber monthly candle closed bove the Candles to the lefthandside suggesting a breakout and more upside for UJ up to the structural highs at 152.
It has to come above the water to breatheWe are at the bottom of the ascending channel
And on the other hand in Moving 200
Therefore, there is a possibility of growth.
But on the other hand, we faced a powerful fall, which makes possible more fall.
This decline may continue up to the specified support area.
The final opinion is that the possibility of growth is more.
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Is it safe to set sell orders at 150.000 for USD/JPY now? Did the BoJ secretly intervene in USD/JPY on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY crossed 150.000 (its weakest levels in a year), a huge candle appeared on Tuesday touching as low as 147.300 before closing at 149.100.
The Bank of Japan's data apparently showed that it did not intervene (its current account balance was within the estimated range). So, if it wasn’t a BoJ intervention, what was it? A self-fulfilling prophecy? Maybe both? It’s all a bit murky. Even former BOJ official Hideo Kumano said that Tuesday's move showed all the hallmarks of intervention.
Of course, if it was the BoJ, they would be willing to do it again if needed as they have stated many times (although the officials like to phrase it as combating excess volatility rather than combatting a weakening yen). Tuesday intervention could have just been a warning shot to those looking to bet against the yen, with more drastic action from the BoJ locked and loaded.
The BoJ last officially intervened in the currency markets in September and October last year, when the USD/JPY hit a 32-year low of 151.940. At that time, intervention was able to push the pair down to 146.000. Which begs the question; what could be some possible targets this year? Well, the aforementioned wick’s low of 147.300 is an obvious target, with 147.000 just below it. But, like the wider context, targets become a little murkier after these levels. Last year's pivot points at 145.700 and 145.500 might come into play.
USDJPY 4H suffers sudden lossesUSDJPY
stabilizing above 149.44 will support rising to touch 149.62 then 150.08 then 150.60
stabilizing under 149.05 will support falling to touch 148.41 and then 147.85
The expected trading range for today is between support 147.58 and Resistance 149.62
Pivot Price:149.05
Resistance prices: 149.62 & 150.08 & 150.60
Support prices: 148.41& 147.85 & 147.05
The general trend expected for today: Bullish
timeframe:4H
USDJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: On Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD.
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USDJPY 4H (Pivot Price:149.44)
USDJPY
stabilizing above 149.44 will support rising to touch 149.95 then 150.29 then 150.60
stabilizing under 149.05 will support falling to touch 148.73 and then 148.39
Pivot Price:149.44
Resistance prices: 149.95 & 150.29 & 150.60
Support prices: 148.73& 148.39& 147.94
timeframe:4H
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 highest height Analysis ↗️ ↘️Hello Everyone 🙋🏽♂️
As we could see at the end of the descending channel,
we had a highest height breakout after that we have 2 scenarios after the price will bounce that zone or we could see double bottom before a bearish market will start or the price will break the zone 152 and a bull market will continue .
my most forecasting scenario is the double top with a descending channel
I will share with you everything new.
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
Don't forget to hit the like bottom and write a comment to support us.
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Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
GOLD READY FOR NEW ATH?! (4H UPDATE)🚀As you can see Gold dropped lower, but seems to have found support around Wave 2 (Wave Y), which was highlighted on the first analysis. Will keep an eye on this to see if Gold can push up from here next week. Anywhere from current market price is good to DCA & buy Gold. $1,868 - $1,840.
USDJPY I Weekly Forecast & Technical OverviewWelcome 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 4H (Pivot Price:149.05)USDJPY
stabilizing above 149.05 will support rising to touch 149.62 then 150.08 then 150.60
stabilizing under 149.05will support falling to touch 148.41 and then 147.85
Pivot Price:149.05
Resistance prices: 149.62 & 150.08 & 150.60
Support prices: 148.41& 147.85 & 147.05
timeframe:4H
USDJPY 1D OUTLOOK USDJPY
Analyze
If a price can stable above 148.73 the direction will be uptrend again to reach 150.28 , 152.03 , 153.89
For any reason if the price backs off and stable under 148.73 , the price will try to reach 147.62 If can break it then will reach 146.19 and 1143.45
Support line:147.62,146.19 ,143.45
resistance line: 150.28,152.03 ,153.89
usd jpy good retest to buyHello, according to my analysis of USDJPY, there is a very good buying opportunity. We now notice a retest of the strong support at 137500. With a very positive green candle on the daily chart. The 200 moving average is also in the same area. This is evidence of the power of buyers at this level. good luck for everbody
Daily Wave Rider - USDJPY - BUY USDJPY
Channel: GREEN
WK Pivot: GREEN
AOB: EMA10
CON: EngB
BUY Stop: 148.444
Stop Loss: 147.488
TP01: 149.400
TP02: 151.312
DWR present as a buy setup on 25SEP, with Channel and Pivot are green bouncing of EMA10
However, trade is not taken/considered as it is Monday which is normally correction day and market is unpredictable
SPX500: BUY
DXY: SELL
OIL: SELL
GOLD: SELL
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
USD/JPY with plan trading week : 25.09 - 29.09.2023H4 frame - we can see that UJ is following an uptrend.
However, recently there have been signs of light selling - a normal occurrence when encountering resistance zones.
Trading plan, watch SELL at 150.7
If Buy, wait for the signal at area: 146.6
Currently, UJ is in the middle zone, so we encourage followers to wait for good signals
USDJPY | Perspective for the new week | Follow-upThings are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket.
Let's dive into the numbers—brace yourself for some impressive stats. The Producer Price Index (PPI) recently flexed its muscles, growing by 1.5% YoY. That's a notable leap from the prior reading of 0.8%, and it's left expectations trailing in the dust. Meanwhile, Retail Sales in August defied predictions, surging by 0.6% MoM, way above the estimated 0.2%. Not to be outdone, the US Department of Labor shared some encouraging news: weekly Initial Jobless Claims stood at a mere 220,000, down from 217,000, comfortably beating market consensus pegged at 225,000. These numbers collectively paint a picture of a resilient US economy and a notable rebound in inflation throughout August.
But here's the twist—the Federal Reserve (Fed) doesn't seem swayed by these developments. Market key player suggests that the Fed is likely to keep its interest rates steady at the upcoming meeting. In the background, the Fed's steadfast hawkish stance continues to give a nod to US bond yields and fortify the US Dollar's position—for now.
Now, let's pivot to the Japanese Yen's corner, where the plot thickens. The Bank of Japan (BoJ) has made its stance clear: they're not considering an exit from their ultra-easy policy unless wage and inflation data play ball. This leaves the JPY exposed to the maneuvers of its global rivals.
As we gear up for the upcoming week, we're bracing for a series of pivotal economic events, including the highly anticipated interest rate decisions from both sides of the Pacific. Stay tuned for the analysis that'll keep you ahead of the forex curve!
USDJPY Technical Analysis:
As highlighted in the video, the recent mild downward pressure is beginning to ease, and the odds of USD pulling back further have diminished. However, only a clear break of 147.950 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is within the key zone of 147.950, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as buyers continue to knock this ceiling and a breakout/retest could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
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