USDJPY 137.915 -0.57% LONG IDEA 📈💡🐮HELLO EVERYONE
HOPE EVERYONE IS DOING GOOD.
* Looking at US/JPY in the coming week
1. Close the week having closed above -OB saw a rejection from this level.
2. Looking for a push higher to take the BSL above and trade within an OTE .
3. From the would be looking for some corrections into some structures below.
4. Looking at that unfilled FVG as a possible entry with the BULLS.
lets see how it goes.
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* Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT.
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LOVELY TRADING WEEK TO YOU!
Usdjpylong
USDJPY: Technical Overview
The USD/JPY pair scales higher for the fifth successive day on Wednesday and climbs to over a two-week high during the early European session. Spot prices currently trade around the 137.00 round-figure mark, which bulls now awaiting a move beyond a technically significant EMA34 and EMA89 before placing fresh bets.
Fundamental Overview
The Japanese Yen (JPY), on the other hand, is weighed down by a more dovish stance adopted by the Bank of Japan (BoJ). It is worth recalling that BoJ Governor Kazuo Ueda said last week that it was too early to discuss specific plans for an exit from the massive stimulus program. This, along with a modest uptick in the US equity futures, undermines the JPY's safe-haven status and remains supportive of the USD/JPY pair's ongoing positive move. That said, a modest downtick in the US Treasury bond yields might hold back bulls from placing aggressive bets.
USDJPY LongOANDA:USDJPY
According to the previous analysis of the dollar, as expected, the upper side of the ascending triangle has been broken. Keep an eye on the 4H and enter the position after the pullback. The target area is marked with a rectangle. The stop specified in the chart can be changed and you can raise it a little higher.
USDJPY | Perspective for the new week | follow-up detailsMany are still expecting a Fed pause next month but the jobs market isn't cooperating as it record a 13th straight month of non-farm payrolls beating the consensus estimate. A crisis of confidence among regional and mid-sized U.S. banks, which first broke out in March, has also resurfaced, and adding to these concerns is the potential U.S. debt default, the first-ever if Republican lawmakers in Congress continue their political wrangling with the Biden administration instead of having the debt ceiling raised. In this video, we have taken the time to dissect the current USDJPy chart from a technical standpoint to decipher the likely potential of price movement in the coming week. Technically, a bullish momentum is foreseen but when and how it will happen is the bone of contention.
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USDJPY LongOANDA:USDJPY
USDJPY is in the ascending triangle. The decrease in volume in the length of the triangle confirms the pattern.
It is possible that the price, right where it is, breaks the upper line of the triangle and grows, or that it first falls to the yellow trendline and then grows.
If any of these analyzes are confirmed, we expect the price to grow up to the area marked by the rectangle
Short-term Long position USDJPYRelative equal highs at the price level of 137.830, Price will most likely target this area for a liquidity Grab. This has also been a significant area where price has fallen each time it comes into this zone. Before getting in the market for short positions, I would wait for price to renter this zone again on its third attempt to move beyond the 138.00 price level before thinking of going in for long-term long positions. Let's see how this plays out, Happy Trading!
USDJPY: Opportunity for buyers!Fundamental Overview
The Bank of Japan (BoJ) Governor Kazuo Ueda made some statements that were perceived as hawkish, causing the Japanese Yen (JPY) to experience a slight increase. This resulted in a bit of downward pressure on the USD/JPY pair. During a parliament session, Ueda expressed confidence that Japan's economy was improving and inflation expectations were still high. He also stated that the central bank plans to end its yield curve control policy and reduce its balance sheet after inflation reaches the 2% target sustainably.
Plan trade in the intro
USD/JPY Analysis: Bullish Momentum Building for BreakoutIn this USD/JPY analysis, I will anticipate a potential bullish movement as the market approaches a crucial juncture. Currently, the price is consolidating near an important order block, coinciding with a significant trendline that has acted as a key support level in the past.
This analysis suggests that a breakout above the order block and trendline could lead to a surge in buying pressure, potentially taking out liquidity levels on the upside. Traders with a bullish bias might find this an opportune moment to consider long positions.
However, it's important to exercise caution and await confirmation of the breakout. Keep a close eye on price action, volume, and market indicators to validate the bullish momentum. Additionally, implementing proper risk management strategies is crucial to protect against unforeseen market fluctuations.
As always, it's essential to conduct a thorough analysis and consider multiple factors before making trading decisions. Stay informed and adapt your strategy based on real-time market conditions. Happy trading!
Buy Opportunity on USDJPYOur trade relies on fundamental analysis, and technical analysis only serves as our entry point.
Currently, the US is undergoing a process of quantitative tightening. Today we have the FOMC meeting, expecting to result in a 25 basis point rate increase.
A rate increase of 50 basis points or continued rate hikes would be seen as a hawkish signal.
Most likely it will result as expected considering the data history , but we will keep an eye on FOMC Press Conference where we will see a high volatility and the deciding factor on where the prices will go.
Meanwhile, Japan is maintaining its monetary easing policy, and the new BOJ governor, Ueda, announced in a recent speech that they plan to slowly continue their yield curve control to support a healthy economy.
This has led us to take a long-term dovish stance on the JPY.
Shifting our focus to the technical analysis,
We are currently awaiting a retracement to the 61% Fibonacci level.
However, we should remain vigilant as there is a possibility that the price may break and reject till the 134.1 level.
RSI Upward divergence in the lower timeframes.
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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