USDJPY - SHORT Price retraced correctionally and fail to break the resistance zone
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Usdjpyprediction
USDJPY → Drop to 144.000!? Or Fly back to 152.000? Let's Answer.USDJPY fell from the double top as predicted in last week's analysis, hitting my take profits all the way down to 147.120. Will there be more downside or are we ripe for a rip back to 152.000?
How do we trade this? 🤔
This analysis shows us three clean support areas: 146.000 (Bull Channel Support), 145.000 (Previous High), and 144.000 (200EMA). It's reasonable to zoom into small timeframes and look for short scalp setups down to those levels. Since the macro trend is bullish, I would be careful to hold any shorts now that the gap from 152.000 has closed the majority of the way. The RSI is still below the moving average and has *some* room to fall, supporting the short-term bear bias.
Long-term, look to get long! We'll need a strong show of support with a bull signal bar and confirmation candle closing on or near its high and for the RSI to head upward breaking above the Moving Average.
💡 Trade Ideas 💡
Short Entry: 146.850
🟥 Stop Loss: 150.000
✅ Take Profit: 143.700
⚖️ Risk/Reward Ratio: 1:1
Long Entry: 145.500
🟥 Stop Loss: 143.200
✅ Take Profit: 150.100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Double Top Reversal Signal. Still Gaps to Fill.
3. Wait for Support at Channel Support, Previous High, or 200EMA.
4. Previous Channel High of 145.000 Final Target.
5. RSI at 35.00, below Moving Average. Supports Short-term Short, Long-Term Long.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
USDJPY - SHORTUSDJPY has been in a strong downtrend since last week, it has now breakout of a correctional move anticipating futher drop.
USDJPY → Falling to 1.46? Or Rocket to 1.52? Lets Answer That.USDJPY fell below the 30EMA to my previously predicted area of 147.100 then immediately bounced back to 150.000 only to stall and leave us wondering what the next move will be.
How do we trade this?
We're in a bull channel which should put us in a bias to long. But we have a double top reversal signal at a key level of resistance (the previous Weekly high of 152.000 staring us in the face. We need to see what happens here at the 30EMA. If we get a strong bear bar closing on or near its low, shorting to the bull channel bottom around 146.300 or even the previous high of 145.000 is reasonable. The protective stop should be just above the 30EMA.
You can also wait for a long at the bull channel support or previous high support, looking for a bull channel signal bar and confirmation closing on or near its high. Protective stop just below those levels with a take profit at the 30EMA and then the previous high of 152.000.
Key Takeaways
1. Bull Channel, Bias to Long.
2. Double Top Reversal Signal. Close the Gap to Bull Channel Support.
3. Fell below 30EMA, Gap to Bull Channel Support
4. Previous Channel High of 145.000 Final Target.
5. Wait for Bear Signal Bar for Confirmation to Short.
6. RSI at 47.00, below Moving Average. Supports Short.
You are solely responsible for your trades, trade at your own risk!
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USDJPY - SHORT USDJPY broke out of an ascending channel and it's forming a Head and Shoulders pattern.
USDJPY LONG! EYES ON USD DATA!!Hey Traders,
What we believe UJ price moves as mentioned on the chart,
So we expect price to break just above and go higher,
Therefore, how you can jump in this trend?
Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency,
So how we enter! Look I mentioned toppest green area, as soon as we confirm BMS in 1h or 30M, we can place an order in first POI bellow, so I will try to share with you guys as soon as I get the position
So just be careful of data from USD as we have NFP at front, However still I believe, price can move higher and higher
Any question comment me bellow,
@FxShzd
USDJPY possible short for 145.0517th August daily key reversal bar indication for weakness ahead. use low risk, reversal trade need patience & discipline. supply zone 146.30-60, target: 145.05. stop loss above 146.60 i.e. 147.00.
USDJPY possbile short for 139.403rd August daily key reversal bar, made a new high closed on the low, aggressive indication for short ahead usdjpy, take 2 positions by splitting risk equally, one cmp , one pending half % with 50% retracement. target 139.40, stop loss above 143.85.
USDJPY possible short for 139.40bearish order block range as supply zone 142.40-142.95. stop loss 143.15, target: 139.40. Non-commercials reduced 40k shorts by last 4 weeks while commercials reduced 40k long by last weeks signs for jpy bullish reversal.
USDJPY possible short for 139.6024th july daily inside bar range in between the previous bar range indication for weakness ahead. if inside bar fails then above supply zone for short 142.00-4300, stop loss 143.20, target: 139.60
USDJPY possible short for 138.50142.40-143.00 supply zone for short. stop loss above 143.00 i.e. 143.20. target: 138.50
USDJPY AnalysisUSD is much stronger than Japanese Yen. Japan economy is not in the good condition. As per my analysis Yen will remain weak for the whole next week. Better to look buying opportunity on it.
USDJPY BuyJapanese Yen seems more weak in next coming week. I believe it will fall against the USD, but while trading it, keep an eye on DXY. Because if you judge DXY perfectly, you will make handsome profit on it.
USDJPY BuyUSD seems stronger than JPY. I think JPY is weaker than all its pair. It is better to look buying setup on all JPY pairs next week.
USDJPY BuyJapanese Yen looking weaker, against the USD. I think every support is the chance to buy USDJPY.
USDJPYUSDJPY a strong support is reached, it is likely to react well. Wait for a good position to buy.
Although the trend is still bearish in the medium term.
Observe the money management and the stop loss.
Follow, like, and comment for more analysis.
USDJPYAUDUSD analysis H2: opportunity to sell.
Follow, like, and or request symbol analysis.
Observe the money management and the stop loss.
USDJPY suspect more bearish for 137.00supply zone for short 141.20-142.00, stop loss: 142.50, target: 137.00
USDJPY BuyJapanese Yen is still weak and I don't believe that in coming days it will show strength till US will not start to decrease its interest rate. Every dip in USDJPY is an opportunity to buy it.
USDJPY is ready to flyLast week JAPANE has not increased its interest rate and by this JPY come again in weakness after some strength but from last Thursday USD took strength against the JPY. Better to watch buying opportunity on it.
USDJPY BuyOn Friday night USD fell badly just due to the speak from Federal Member. I believe it will rise again and will make new HIGH of this year. Better to buy on DIP as I already mentioned in the chart.
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
