Usdjpyprediction
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- By this time USDJPY was very well BUY with US ECONOMIC DATA being POSITIVE. And FED UPDATES were very POSITIVE. So the JPY automatically went down. The other reason is that MARKET RISK is OFF. And JPY WEAKNESS came according to their ECONOMIC PROJECTION. Therefore, with the SENTIMENT in the MARKET, the JPY became WEAK in a very short time.
- At the moment, the MARKET is taking a bit of RISK OFF, that's why the JPY is going up. According to our previous USDJPY ANALYSIS, the USDJPY UPSIDE WAVE is going UP around 155 ++ PIPS. I hope you get it.
- There is definitely a very high possibility that USDJPY will go down a bit and move to 147.561 LEVEL. The reason for that is because the MARKETS RISK is already on, so it can happen. After that, the USDJPY price can be SELL at 132.669 level by BREAKING the TREND LINE. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. usdjpy
USDJPYEach person can see patterns in this chart based on their vision, such as triangles, wedges, or flags. Therefore, in my opinion, the template name is not very important.
Whichever pattern breaks, we will most likely see a sharp move in the same direction.
Observe the money management and the stop loss, the Fed is speaking today, and the Jackson Hole meeting is underway.
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USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- At this point, USDJPY was fairly well BUY with the emergence of some positive comments regarding US INFLATION DATA and RATE HIKE SENTIMENT in recent days. As a result, the USD automatically rose against the JPY. The other reason is that MARKET RISK is OFF.
- Right now, the MARKET is getting a bit RISK ON, that's why the USD is going down. For this reason, JPY is slightly higher against USD. Definitely, there is a very high possibility that USDJPY will move up to the 142.175 level. The reason for that is because JPY is STRONG compared to USD because MARKETS RISK is already ON. After that, the USDJPY price can fall to 131.627 LEVEL after a TREND LINE BREAK. We focus on MARKET UPDATES and MARKET SENTIMENT.
USDJPY Set Up IdeasAs you can see here, I see 3 possible scenarios for USDJPY. It's been in an uptrend for some. I mostly want to sell as you can tell since 2/3 of scenarios include UJ falling to 132.6. It hasn't seen that 132.7 high since 2002! So should it decide to go up, I'd prefer a deeper retracement, but with the "r" word looming in the US economy I'm not confident that UJ will break past the resistence zone of 136.7.
That being said, I'm a technical trader so whatever path the price follows, that's what I'll trade!
USDJPY Evening star pattern probability short for 133.00#usdjpy, Bar "A", "B", and "C" formed evening star pattern for short. 21st June bar "A" broke resistance to catch stop losses. Bar "B" inside bar confined within the range of the last bar. Bar "C" broke inside bar low confirmed weakness ahead. 133.00 first hurdle as a support if breach then next 132.30.
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS- JPY FEATURE is going down a bit right now. Somehow it will come back up. The main reason for this is that the MARKET SENTIMENT RISK ON TONE is still playing. JPY FEATURE stands at 0.0074 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. Already JPY WEAK is coming with JAPANESE UPDATES. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK OFF. STOCKS is currently displaying a DOWNSIDE BIAS. And the VOLATILITY is getting a bit UP. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is only one RISK OFF TONE in the market. Therefore, all currencies such as NZD CAD AUD may definitely be somewhat DOWN in the future. Also JPY CHF can be UP.
- USDJPY PRICE can be REJECT from 138.61 LEVEL. For VOLATILITY UP, and JPY FEATURE UP.
If MARKET RISK OFF, it can continue to fall to USDJPY 128.66 LEVEL very easily after breaking the TREND LINE.
DeGRAM | USDJPY double toppedUSDJPY hit a major structural resistance level of 134.500 like a wall.
Price action formed a double top, indicating that the market cannot make a new high.
We expect some price relief or sideways move at the resistance.
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USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS⛔️ Today is a fairly important day for USDJPY. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE.
⛔️ JPY FEATURE is currently on the rise. Somehow it will come back down. The main reason for this is that the MARKET SENTIMENT RISK OFF TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE stands at 0.00768 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS.
⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS are GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
⛔️ USDJPY PRICE can be REJECT at 134.47 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. Due to US PCE DATA coming today, some changes may occur in USDJPY.
⛔️ USDJPY PRICE can go to 134.47 LEVEL. However, if the TREND LINE is BREAK, the USDJPY price may fall to 121.269 LEVEL.
DeGRAM | USDJPY short opportunityUSDJPY tested a level of 131.300 and failed to go higher.
That basically means bulls do not have enough strength to break that level.
We are expecting some price relief. The price could fall to the 127.500 level.
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USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS- Today is a fairly important day for USDJPY. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE.
- JPY FEATURE is currently on the rise. Somehow it will come back down. The main reason for this is that the MARKET SENTIMENT RISK OFF TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE is at 0.00762 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS.
- Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON.
- USDJPY PRICE can be REJECT at 134.47 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. USDJPY may change due to US PCE DATA due today.
- USDJPY PRICE can go to 134.47 LEVEL. Before that maybe a RETRACEMENT to 127.48 LEVEL can come up on the TREND LINE. However, if the TREND LINE is BREAK, the USDJPY price may fall to 121.269 LEVEL.
USD/JPY Short Opportunity: Breaks Below The Trendline Support USD/JPY breaks below the trendline support that created a short opportunity. In the H1 chart USD/JPY breaks below the trendline support. And next support is identified at 115.26 which we can keep our first target and second target 114.80
Sell Zone: 115.75
Stop Loss: 116.00
Target Zone 1: 115.30
Target Zone 2: 114.80
USD/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/JPY for the new week ahead
USD/JPY I am expecting a pullback to the order block zone, this pair is still looking bullish to me overall, so will looking for buy trade only
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
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