Usdjpylong
USDJPY Top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY - Still bullish ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are still bullish from 4H timeframe perspective, so I will try to add long position if price makes a retracement to fill the imbalance lower and rejects from institutional big figure 135.000.
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Additional Long positions can be added to USDJPYI'm currently long USDJPY at 134.737 and 134.892. My target is 138.700. I'm looking for any opportunities to scale in additional entries to capitalize on this massive move. There is excellent 4H bullish sentiment as TDI suggests that price is still overall bullish. The Daily is pushing for structural higher highs. The 1 hour timeframe is clearly in an uptrend and there's some confluence of a pullback after the 1H presented an evening star at its most recent high. I anticipate a retracement near the 136.160 area, 4H support (re-test) or potentially the back of a trendline. Intraday setup but the volatility is present for a bullish push.
A reversal candlestick on top of support and in a confluence area will trigger another buy.
USDJPY nice setupso 2 things can happen but one is more likely due to the fact uj is in a down trend but for the sell to be valid we want to see bearish price action around the 136 level if not
a retest and move up can become valid dxy is increasing causing this up move but we also have news in 15 min so have to keep eye on this one
what the market does next here depends on dxy and this upcoming news event
USDJPY- BUYUSDJPY we have had mixed price action since last week, in order for us to identify the current price behaviour we had to use bigger timeframe to see the market clearly.
so what are we looking for?
-we are currently looking for DXY to drop a little for this price to drop more and come around our area.
-Price may not completely come down to our area of entry, but may at least come to 'voided area' and drops from there.
USD/JPY BUY PRICE ACTION- I'm expecting the price to retest the resistant again for the 3rd time. If buyers succeed to break this strong resistant then I'm expecting the price to rocket to a big imbalance zone seen in 1-day chart which is 142-146
I'll be watching 30 min chart to enter this buy opportunity, expecting a round .... ( watch for bullish patterns to confirm your entry)
Have a safe trade-> Fifi
Dollar/Yen Early 15minute Entry from a Daily setupI decided to go as low as the 5minute timeframe for an entry into this Bullish Pair. As I noticed price respecting structure creating higher highs and higher lows on the 1hour, 30min and the 15 minute time frame, I felt very confident going Long upon a retest of any support along with a reversal candlestick. After a 30 min higher high and a retest on the buy side of a strong correction trendline, I decided to go Bullish immediately. This entry is very tight considering the fact that this is a DAILY setup. My target projection is -27%. @ 138.700 of a Daily 78.6 retracement. My stop loss is beneath the prior 1H low as I notice price respecting structure @ 134.357. Risk to reward was excellent at 13.7
USDJPY Potential Buy USDJPY slowed down this week after seeing some bullish movement for last two. There is a chance thar UJ will go into a short-term buy based on MA indicators, support is forming around price 134.300 . If price rises above 135.400 we may see it reach resistance price 136.100 .
Buy Entry: 134.800
Targets: 134.930 | 135.050 | 135.400 | 135.670 | 135.950
Resistance: 136.100
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USDJPY Long- Fair Value GapThe USDJPY currency pair has demonstrated a recent uptrend, characterized by bullish price action. As a prudent investor, I awaited a retracement to a level where the market exhibited a disparity between buyers and sellers, commonly referred to as the fair value gap (FVG). Subsequently, I aligned my investment strategy with the prevailing market trend and executed a long position to capitalize on the ongoing bullish momentum.
Bullish Outlook on USDJPY - 12 May 2023Price tested a key support zone at 134 on the Daily timeframe, which is in line with the 78.6% Fibonacci retracement. A break above the confirmation level at 135.2 could provide bullish acceleration towards the resistance zone at 137.2, which coincides with the 78.6% Fibonacci extension level. Price is holding above the Ichimoku cloud and 20 EMA, supporting our bullish bias.
USDJPY | Perspective for the new week | follow-up detailsThe Japanese Yen advanced during the most part of the previous week, capitalizing on sustained weakness in the US Dollar as markets bet on a Fed Reserve's hint on a potential pause in the Federal Reserve’s rate hike cycle making it one of the viable safe-havens. However, the employment expansion in April was 73,000 beyond expectations, moving the jobless rate a notch lower to 3.4% from a previous 3.5% and making it difficult for the Fed to consider stopping raising interest rates. In this regard, the Greenback may likely capitalize on this theory to gain some traction in the coming week(s). From a technical standpoint, this video highlighted the chances both sellers and buyers have from the current market condition(s) in the coming week(s).
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USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- As of the previous day, the market sentiment for USD was quite up SIDE. The main reason for this is that the JPY started to weaken slightly and the short-term positive sentiment to the dollar. That's because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But at present, the FED can increase the RATE HIKE or their CEILING RATE at any time. However, the FED stated in an earlier meeting that inflation data is still being monitored.
- At present, all markets including STOCKS and COMMODITIES are going down a bit due to market RISK OFF.
- Of course, the chances of USDJPY going up a bit more and moving to level 137.91 are very high. Anyway, before that, the level of 129.52 can be down to the USDJPY price. We are focused on market updates and market sentiment. Follow the given market structure
USDJPY - Bullish price action ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bullish OB. Now I see only bullish price action and my target is new BOS.
Fundamental analysis: Tomorrow we have news on USD, will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results.
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