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Usdjpylongsetup

20 Reasons for BUY USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone. 2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event. 3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher. 4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation. 6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern. 7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move. 8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum. 9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility. 10: 6 Strength ADX: The ADX indicates bullish strength in the market. 11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change. ✔️ Entry Time Frame: H1 12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact. 13: Entry Move: Enter the market impulsively. 14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation. 15: FIB: The trendline breakout can serve as a trigger event. ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry: 138.759 18: ✋Stop Loss: 137.367 19: 🎯Take Profit: 142 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 15 days
Long
by Optimum369
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!
Long
by Dion-FX
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken and the short-term POSITIVE SENTIMENT against the dollar. It came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 137.91 LEVEL. Anyway, USDJPY price can go down to 129.52 level before that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
Natural structure suggests going Long on USDJPYThe Daily has created a higher, retraced down to the 78.6, as well as a support and the back of a trendline. I am long USDJPY after the doji presented on Thursday. The min setup from my prior video Monday was not validated for an entry, however now, all signs point to bullish activity along with reversal signals. A higher low formed around 134.267. This is a clear case of an uptrend making higher highs and higher lows in real time. on the lower timeframes such as the 4 hour, 1 hour and 30 minute is where I look to have an entry point of decision. my target and stop loss has already been determined. The target for this buy is -27% of the retracement, or the next Daily level: which is in the same area. 138.700. my stop loss will be beneath the previous daily Low at 133.000.
Long
by DesharedPierreJr.
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
by benny_marshall
Potential bullish breakout in play on USD/JPYTokyo has just opened and we see futures traders shorting the yen with decent volume, which suggests institutions have a bearish bias today on the local currency. This has pushed USD/JPY up to a 4-day high, and keeps a bull-flag breakout in play on the 1-hour chart. The flag projects a target around 135.50, but we're looking for prices to retrace towards the 113.17 high for a potential long to increase the reward to risk ratio. Note that the sideways oscillation formed a triple bottom around 134.63, before a higher low formed around 135 / 200-bar EMA to show an increase in bullish activity - which favours an upside break from its sideways range.
Long
by CityIndex
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high chance that USDJPY will go UP a bit more and move to 142.35 LEVEL. Anyway, the price of USDJPY can go down to 133.00 LEVEL before that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall