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Usdjpylong

USDJPY to turnaround at 50% retracement?USDJPY - 24h expiry Bespoke support is located at 139.60. A Fibonacci confluence area is located at 139.60. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. There is scope for mild selling at the open but losses should be limited. Although the anticipated move higher is corrective, it does offer ample risk/reward today. Further upside is expected and we look to set longs in early trade. We look to Buy at 139.72 (stop at 138.98) Our profit targets will be 141.50 and 142.10 Resistance: 140.74 / 141.50 / 142.10 Support: 139.72 / 139.37 / 139.03 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDJPY - Long from bullish order block ✅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 longs. I want price to continue the retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 140.000. Fundamental analysis: Tomorrow will be released Interest Rate in USA, followed by FOMC Press Conference. If the result is positive for USD it will support our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
6
USDJPY: Flash Services PMI!S&P500 futures have recorded significant gains in London, indicating a more relaxed risk-off sentiment. On Wednesday, US equities experienced substantial selling pressure, primarily due to a sharp decline in technology stocks. Investors are being cautious as they anticipate that tech-savvy companies may continue to struggle due to the Federal Reserve's decision to raise interest rates. The rally in USD/JPY is driven by the belief that the gap in policies between the Federal Reserve and the Bank of Japan will widen further. The Fed is expected to continue increasing interest rates, while the Bank of Japan is likely to maintain its ultra-dovish policy stance that has been in place for a decade. As a result, the Japanese Yen has significantly weakened against the US Dollar.
Long
by Sphyn-Trader
MFF REPORT FOR MONDAYHello traders, what do you think about usdjpy on a higher timeframe market is very bullish on weekly timeframe we saW HH & HL is formed in previous week now on a daily timeframe we saw bullish moemtum to go further up but as you all know market is retracing to go further up we saw 141.00 is a strong level of support from where it bounce to upside on a 4h timeframe we will take a entry after more confluences hope you like our idea dont forget to like and comment on my idea remember you get paid to wait.
Long
by Myforexfamily
USDJPY Strong Bullish LongUSD/JPY tests new highs as Treasury yields rise. While the market expects that the Fed would stop after an additional 25 bps rate hike in July, BoJ’s ultra-dovish policy puts too much pressure on the Japanese yen. See also the following related Trading Ideas USDJPY published apr 2023 USDJPY published may2023 Taking a look at the daily chart, a move above the resistance in the 144.20 – 145.20 range will push USD/JPY towards the next resistance level at 148.35 – 148.75. Higher Timeframes Showing Lack of Nearby Resistance From the weekly timeframe, I see the USD/JPY eyeballing a Harmonic Bat pattern’s Potential Reversal Zone (PRZ) between ¥149.09 and ¥146.68 (made up of a deep 88.6% Fibonacci retracement ratio , a 1.618% Fibonacci projection and a 200% extension ratio). Given the limited resistance overhead on the weekly chart until the observed PRZ, additional outperformance may be on the table for the currency pair. Moving down to the daily timeframe, last week retested a recently breached resistance level at ¥141.60 and pencilled in support. You might acknowledge that resistance calls for attention overhead at ¥144.95, with a break north of here unearthing the weekly timeframe’s Harmonic PRZ highlighted above. What is also technically interesting on the daily chart is that just above ¥144.95 resides a pattern profit objective for an ascending triangle pattern (¥137.91/¥129.64) at ¥145.90, which joins up closely with the lower side of the weekly Harmonic PRZ. H1 Timeframe Working with ¥144 and ¥143 Finally, from the H1 timeframe, we can see that price recently recoiled from ¥143 and is on the verge of approaching resistance from ¥143.90 and the ¥144 psychological handle. While follow-through upside could be seen, as suggested by the higher timeframes (through a lack of resistance), which may send H1 price above ¥144 and entice breakout buying in the direction of at least daily resistance at ¥144.95, a whipsaw beneath ¥143 could equally still occur. A whipsaw (or stop run) beneath ¥143 might be enough to attract those seeking dip-buying opportunities from H1 support at ¥142.78, targeting a break above ¥144 and continuation moves higher. Strategy Bullish Trend Trend continuation confirmation:Positive
Long
by DaveBrascoFX
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn the previous week, we witnessed a remarkable 4.6% surge in the Japanese yen, propelling it to a two-month high against the greenback. However, as Friday's trading session unfolded, the U.S. dollar began to edge higher, with traders factoring in the potential end of the Federal Reserve's rate hike cycle amid easing inflation. Softer-than-expected U.S. inflation data, reported on Wednesday and Thursday, reinforced the belief that the Federal Reserve is nearing the end of its interest rate-hiking cycle. While markets still anticipate a 25 basis point hike later this month, another hike this year is no longer the base case. As we shift our focus to the upcoming week, all eyes are on the U.S. retail sales data, a vital indicator of consumer spending in the economy. A high reading is seen as positive for the USD, while a low reading is perceived as negative. USDJPY Technical Analysis: In this video, we provide an in-depth USDJPY technical analysis, dissecting the current market structure. Our attention centers around the key level of 138.800, which also serves as the neckline of a "potential" reversal pattern identified in the 1-hour timeframe. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around the 138.800 area at the beginning of the new week will heavily influence the trajectory of price action throughout the upcoming days. Join me on this journey as we explore potential trading opportunities using trendlines and key levels. Remember, that we place significant emphasis on the importance of the 138.800 level, as a breakout or retest of this zone will validate the potency of the identified reversal pattern. 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. Get ready for an exciting ride filled with insights and trading opportunities! Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY: Next hurdle is seen at 140.00The USD/JPY pair is currently holding steady at around 139.20 during the Asian trading session, following a slight pullback from its weekly high near the 140.00 level on Wednesday. However, concerns regarding China's economic slowdown, worsening US-China relations, and geopolitical tensions may provide support for the safe-haven Japanese Yen (JPY), which could limit the upside potential of the USD/JPY pair. In response to the US's consideration of foreign investment and restrictions on AI chips, China's Ambassador, Xie Feng, expressed criticism and warned of retaliation if the US imposes further curbs on Beijing's chip sector.
Long
by Sphyn-Trader
10
USDJPY: How does the recession affect?S&P500 futures have experienced some losses in Europe, indicating a cautious market sentiment. The ongoing second-quarter result season is expected to pose challenges for US equities. Investors will be closely monitoring the performance of banking and technology stocks as the Federal Reserve's higher interest rates are causing a slowdown in economic activities. The US Dollar Index (DXY) is making a significant effort to break above the immediate resistance of 100.00. If successful, this move would trigger a short-term recovery and possibly impact the demand for riskier currencies. The yields on 10-year US Treasury bonds have sharply dropped to around 3.78%.
Short
by Sphyn-Trader
8
UsdJpy- Bulls could take control againAfter the recent high at 145 zone and a small consolidation to the top, UsdJpy fell hard, losing around 700 pips in just one week. However, the overall medium-term trend remains bullish and, with the price near an important horizontal level of support, traders could look for buying opportunities. In my opinion, this level will hold, and dips under the 138 zone should be bought with a target to the first level of resistance, around 141.
Long
by Mihai_Iacob
24