USDJPY Technical Analysis and Trade Idea
👀👉 The USDJPY pair has been experiencing downward pressure recently. While there may be a potential selling opportunity, it would be prudent to wait for the FOMC meeting and Federal Reserve rate cut announcement later today before making any trading decisions.
If the data release outcome suggests a weakening US dollar, it could present a favorable opportunity to sell the USD/JPY pair. Conversely, if the data supports USD strength, it might be wise to abandon the trade idea altogether, as taking a counter-trend position could be risky.
Disclaimer: This analysis is based on current market conditions and available information. Forex trading carries significant risk, and market conditions can change rapidly. Always conduct your own research, consider your risk tolerance, and consult with a licensed financial advisor before making any trading decisions. Past performance does not guarantee future results. 📉✅
Usdjpylong
USDJPY - no sign of turning around at the moment💵USDJPY ANALYSIS 💸
- The Yen is still recovering very strongly since the USD/JPY pair fell to its lowest level in nearly 40 years at 141.95.
- The recovery is mainly supported by many interventions of the Japanese Government. Especially the support from the narrowing of the interest rate gap between Japan and the United States.
- The market is expecting the Fed to cut interest rates on Wednesday, while the BOJ will likely keep the current interest rate unchanged.
📌 TECHNICAL
- On the daily candlestick chart of USDJPY (D1), the downtrend from the price channel (a) continues and the pressure from Ema21 acts as the main resistance.
- USD/JPY has shown little reaction to the 0.382% Fibonacci extension level for now, which could be considered as the nearest technical support.
- Once USD/JPY is sold below 139.420, it will have a more bearish outlook towards 137.046 in the short term, which is the price point of the 0.50% Fibonacci extension level.
- As long as USD/JPY remains within the price channel (a) and below the 21-day EMA, the bearish bias will remain dominant, and the notable technical points for the bearish trend are listed below.
✔️ Support: 139.420 – 137.046
✔️ Resistance: 141.531 – 142.380
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USDJPY Technical Analysis 16/09/2024The USDJPY is giving bullish signals across different timeframes. Prices have dropped to the demand zone on the weekly chart.
At this point, the trend is no longer your friend because it has entered the "Trend Exhaustion" phase.
There is a broad RSI bullish divergence on the daily chart, supporting a potential rise.
On the 4-hour chart, a Stochastic bullish crossover has formed in the oversold zone.
Prices are likely to consolidate until the release of this week’s core retail sales report, but we are at a favorable level to begin gradual buying.
USDJPY swing trade idea(1100 pips).After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week. As always, trade safely and expect the unexpected.
Fractals Trading Community,
Mei
USDJPY: 1-Hour Strategy SetupBuy Setup:
Look for a bullish divergence on the RSI or MACD around the 142 support on the 1-hour chart.
Confirm if the price forms a reversal pattern, like a double bottom.
If the price moves above the 20 or 50 EMA on the 1-hour, this could be a confirmation to go long for a short-term move.
Sell Setup:
If the price shows a bearish rejection at the 20 or 50 EMA or forms a weak bounce.
Look for price breaking below key support (e.g., 142 on the 1-hour chart).
A bearish crossover of the MACD or an RSI approaching overbought near resistance could signal a good short opportunity.
USDJPY I ADP Non-Farm Report Trading Plan Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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USD /JPY "GOPHER" Bank Money Heist Plan on Bullish SideMy Dear Robbers / Money Makers & Newbies,
This is our master plan to Heist USD/JPY "GOPHER" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low
Stop Loss : Recent Swing Low using 30m timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.
USDJPY 145.835 145.834 MULTI-TIMEFRAME ANALYSIS + intraday setupHELLO TRADERS
Hope everyone is doing great
📌 A look at USDJPY from MULTI TIME-FRAME ANALYSIS
USDJPY 4H TF
* Tue. opens strongly bearish with the 7am SAT possibly forming a CHOCH on the 4H
* Trading out of a sweep on an long term high.
* 4H iFVG formed
* This is where I would to short the USDJPY should this structure be respected.
* looking for PO3 rules towards the upside to continue lower.
* The weekly & daily TF show we are still showing signs of a BEARISH move still.
* But seems we may see a push up before continuation with the bears with resting LQ above.
* USDJPY took External range LQ, looking for that internal range LQ to be taken.
* We are trading in DISCOUNT of the move,This is where I would be looking for short entries.
* We saw a rally with the bears, strong momentum to the downside.
* Looking at the 1H FVG, this is where I would look for SHORT entries this week.
* Should this PD ARRAY hold will be SHORT for the GJ intraday.
* BASED on the price action served.
HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK.
SEE YOU ON THE CHARTS.
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SMASH THAT 🚀 & LEAVE A COMMENT.
ALWAYS APPRECIATED
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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!
USDJPY I Was Asked For My Opinion - Here It Is👀 👉 Someone requested a video on USD/JPY. Currently, I don't see any viable trade opportunities, as the price is range-bound. I'll be waiting for a break, retest, and failure of either the previous range high or low on the 4H chart before considering any trades on this currency pair. Here's my technical analysis.
Disclaimer: The content in this video is for educational and informational purposes only and should not be considered as financial advice. Trading involves significant risk, and you should always do your own research or consult with a financial advisor before making any trading decisions. 📊✅
USDJPY, fast growth to resist in near timeHi everybody. My opinion best time to purchase usdjpy. We have fundamental falling to support - 143.86, but there is no technacal reason for this way. Market have more than 70K contracts waiting to purchase. I think target is strong 4H X-Lines level 146.6. So waiting rocket growth :)
Don't miss the great SEE Opportunity in USDJPYYour chart is a 4-hour time frame for the USD/JPY currency pair. Here's an analysis based on the information presented:
Downtrend Channel: The pair has been in a downtrend, indicated by the descending channel marked with red trendlines. Following this channel, the price has consistently made lower highs and lower lows.
Breakout: The price appears to have broken out of the downtrend channel, which is often a bullish signal. This breakout is usually followed by a retest of the previous resistance (now potentially support), which seems to be happening at the moment.
Bullish Projection: The chart shows an upward arrow indicating a bullish move, projecting a rise in price towards the 152.014 level. This projection is supported by the breakout of the channel, suggesting that the price might move higher, potentially to retest previous highs or levels around 152.014.
Support Zone: The shaded area below the current price action could be the support zone, where the market might find buying interest. If the price stays above this zone, the bullish outlook remains valid.
Key Levels:
Immediate Support: Around 144.000.
Immediate Resistance: Near 152.014, the projected target.
Potential Bullish Target: Around the 152.014 level.
Conclusion: The breakout from the downtrend channel suggests a possible bullish reversal. If the price maintains above the support zone, the USD/JPY pair might move towards the 152.014 target. However, always consider fundamental factors and market conditions before making trading decisions.
GBPJPY and USDJPY Top-down analysis Hello 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 - again at support? What's next ??#USDJPY.. now again market make a fresh supporting area that is 143.75 around and you can check in history market how beautifully hold that level
Keep close that area because if market hold it then bounce expected from here.
Don't be lazy here.
Good luck
Trade wisely
USDJPY "The Gopher" Bearish Robbery Plan on Short sideMy Dear Robbers / Traders,
This is our master plan to Heist USDJPY market based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Short entry. Our target is Green Zone that is High risk Dangerous level, market is oversold / Consolidation / Trend Reversal at the level Bullish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money.
Stop Loss : Recent Swing High using 4h timeframe
Warning : Fundamental Analysis comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update.
Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target.
Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style.