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Usdjpylong

USDJPY: Seller entry!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️ Over the past two decades, the percentage of the global market held by the US Dollar has fallen from 71% to 59%, and there is a possibility that it could decline further in the future. This poses a significant threat to the United States as the use of different currencies in global trade is a zero-sum game, meaning that whenever a currency other than the US Dollar is used in international trade, it reduces the use of the Dollar. Therefore, if reliable alternatives to the Dollar become more popular, it could compromise America's dominance in the global market. Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
4
USD/JPY pulls back towards support cluster around 133USD/JPY has pulled back from the April high, yet the strong bullish structure of the 1-hour chart suggests it can try to break to a new cycle high. Today’s low has found support at the 20-hour EMA and April 4th high. And volumes are now trending higher, and a bullish pinbar on higher volumes suggests demand above 133, which is just beneath the daily pivot point. • The bias is bullish above 133 and for a break above the April high • The initial target is the daily pivot point, just below 134.50 • A second target to consider is the R pivot, around the daily R2
by CityIndex
USDJPY - Upside for an imbalance ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I expected in my previous post price filled the imbalance and rejected from bullish order block. Here I am still bullish and expect now price to create a new BOS and to fill the imbalance higher. Fundamental analysis: Tomorrow we have news events on USD, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA. Keep attention on the results in order to validate the bias. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
3-bar bullish reversal on USD/JPYAfter an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal (Morning Star). - The bias remains bullish above Friday's low, although bulls could seek bullish setups on lower timeframes if prices pull back towards Friday's high - or wait for a break of yesterday's high to assume bullish continuation. - An initial target is around the 38.2% Fibonacci ratio / 133 handle - A Second target could be around the monthly pivot / 200-day EMA / 50% retracement level
Long
by CityIndex
USDJPY: America on verge!Greetings to all traders! I have some valuable trading-related information that I would like to share with you. Please give it a read and if you find it helpful, kindly leave a positive feedback and consider following me ❤️ China is aiming to establish its currency, the yuan, as the major rival to the dollar in global trade. It has established new alliances with Russia and other nations that are ready to conduct direct transactions in Chinese yuan. It is not surprising that Russia is taking steps to undermine the dominance of the U.S. dollar, as Western sanctions have tried to exclude Russia from worldwide financial operations, which has led the Kremlin to seek substitutes such as conducting international trade in rubles, yuan, or even gold. The current concern among U.S. officials is that Saudi Arabia may announce its decision to stop pricing oil exclusively in dollars, which would officially mark the end of the dollar's role as the world's reserve currency. Note: Note: Full TP, SL for winning the market and safe trading!
Long
by Sphyn-Trader
4
20 Reason for Buy USDJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: a bullish trap and, after it, a solid inside candle 2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend 3:📅Weekly: choch and fresh high market going down, forming a low 📈 7-Dimension Analysis 🟢 Analysis Time Frame: Daily Price Structure: The price structure is currently bullish, indicating a potential upward trend. Pattern Candle Chart: The failed head and shoulder pattern, as well as the twizzer pattern, suggests that the market may be experiencing a shift towards the bullish side. Volume: Although there is a significant amount of bearish volume in the market, the price is not able to make lower lows, indicating that the volume may be an execution sign of the end of the bearish move. Momentum (UNCONVENTIONAL RSI): The RSI is currently between 60 and 40, suggesting a consolidation or sideways movement, with multiple supports at the 40 level. Volatility Measure (Bollinger Bands): The market is exhibiting a classic W pattern, indicating a potential trend reversal. Strength (ADX): The ADX is almost neutral, suggesting that the market is in a period of consolidation. Sentiment (ROC): Using the rate of change, the USD is currently stronger than the JPY. ✔️ Entry Time Frame: H1 Entry TF Structure: The H1 structure is bullish, indicating a potential upward trend. Entry Move: We need to wait for the end of the corrective move before entering the market. Support Resistance Base: We need support of the OB current move. FIB: Drawing a trendline from the upper side breakout is necessary. ☑️ Final Comments: Wait for the correction to end before entering the market. 💡Decision: Buy 🚀Entry: 131.856 ✋Stop Loss: 131.490 🎯Take Profit: 133.686 😊Risk to Reward Ratio: 1:4.63 🕛 Expected Duration: 5 days
Long
by Optimum369
USDJPY Long 1 hrGood afternoon, To conclude NFP week, this is where price has stopped when the market closed. Before price continues the bullish momentum, I believe that there will be a pull back and continuation to the upside. This is a high risk trade due to this move having to happen once the market opens up Sunday. I do not recommend anyone taking this trade, however, it is just an idea to put out there. Please leave a like and/or comment if this analysis is similar to yours or makes sense.
Long
by NoPumpFakesFx
USDJPY | Perspective for the new week | follow-up detailsWith the appearance of a potential reversal pattern in the 4H timeframe; I am of the opinion that the USDJPY pair seems poised to register weekly gains for the first time in a couple of weeks. And to further buttress this is the fundamental indicator from data showing a sudden rise in the US jobless claims hereby indicating a cool effect in the labor market. With this reading, the sentiment in the market remains "hopeful" as key players expect there could be limited headroom to keep raising interest rates, especially in the face of a potential banking crisis. In this video, we took a technical dissection of the current market structure to weigh in on the potential trading opportunity for the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
USDJPY SellUSD/JPY is testing support this morning after a pullback developed in the early portion of this week. To end Q2, I had highlighted a key spot of resistance in USD/JPY at the 133.09 level, and after a bit of struggle that level held as resistance with prices pushing down for a test of support that sits just above the 130 handle. While the carry trade drove the pair higher for the first nine months of last year, that theme was flipped upside down in Q4 as US rates started to fall. After the first quarter of 2023, that theme very much remains center-stage for global markets. That move in Treasury rates over the past six months wasn’t prodded by the Fed, however, as the Central Bank continues to talk up the prospect of more rate hikes. But as the horizon grew more opaque last year, capital flows into Treasuries, particularly longer-dated Treasuries, helped to invert the yield curve with longer-term Treasuries yielding less than that of shorter-dated issues. USDJPY long term trend is still down. Currently on the h1 chart the price is consolidating sideways in the 130.70-131.30 zone. Recommend waiting to sell down around 131.30, SL: 131.60, TP: 129.90
Short
by VTmarkets
USDJPY SellThe Japanese Yen recorded a rather timid end to the month of March surrendering some of its gains recorded in the early part of the month. The 9th of March brought the SVB Bank saga to the fore and fears around a potential fallout saw the Yen benefit as investors fled toward safe have assets. Overall sentiment has since improved, the last week of March saw the Yen take abit of a beating with the Euro in particular putting in some impressive gains. EURJPY is currently trading back at the level it was prior to the SVB fallout, around the 145.00 level as the Yen remains weak this morning. Taking a look at the currency strength chart below the Yen is the second weakest currency as the European session kicked into gear. USDJPY h1 main trend is still down. After a short accumulation at the end of yesterday, the pair is now showing signs of continuing to decline. Recommended sell to current price 131.50, SL: 132.10, TP: 130.60
Short
by VTmarkets
USDJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we can see price changed the character, which means I will look for longs. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 131.000. Fundamental analysis: We have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
USDJPY SellUSD/JPY slides to 132.20 while extending the week-start reversal from the highest level in a fortnight. That said, the Yen pair’s latest losses could be linked to the downbeat US Treasury bond yields, as well as softer data, not to forget upbeat comments from Japan Prime Minister Fumio Kishida. After assuring the stability of the financial system at home, Japan PM Kishida pledged more investment to please the Yen pair sellers. “It is necessary to speed up private investment through green transformation bonds to promote decarbonization domestically,” said Japan PM Kishida. USDJPY main trend is still down. Currently on the h1 chart the price is consolidating short waiting to break down. With this pair traders can sell to current price 132.20, SL: 132.80, TP: 131.20
Short
by VTmarkets