USDJPY ShortUSDJPY hasn't shown much directional outbreak since the start of the year outside of the rare news release spike. Not necessarily a trader's market.
For now the price seems to be trending downward based on the hourly chart. Moving average shows a downward dominance and the DXY is showing signs of weakness which supports a short UJ.
Sell Entry: 135.700
Targets: 135.400 | 135.250 | 135.070 | 134.840 | 134.600 | 134.340
Support: 134.100
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Usdjpysell
USD/JPY: Bullish trend to continue
Keep an eye on US Treasury yields, as the two-year US bond yield rose to 5.085%, the highest in Asia, and currently stands at 5.062%; the Nikkei index closed up 0.5% at 28444.19 points.
The USD/JPY rose to 137.90 and then retreated, but still remains bullish;
The USD/JPY rose from the morning low of 137.10 in Asia to the highest of 137.90, and then softened slightly, but still leans towards an upward trend;
Stop loss is set above the strike price of 138.00 for large options, some of which will expire tomorrow. The USD/JPY is expected to test 138.00 and the high point of December 15th;
Given yesterday's big rise, some pullback is not surprising. However, Japanese importers and other participants are waiting for the pullback to buy back in. It is also recommended to wait for a correction after the pullback to continue buying, with a buying point of 136.40.
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USDJPY - Still bearish ✅Hello traders!
‼️ This is my perspective on USDJPY.
Here I still expect bearish price action as price formed huge H4 divergence which indicates bearish move, as well price could reject from bearish order block + institutional big figure 137.000.
‼️Attention!!! Due to the fact that we have news events on USD on Wednesday, Friday and JPY on Friday, the analysis can be invalidated.
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USDJPY top-down analysisHello 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 - Short active ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here I expect bearish price action from here as price filled that huge imbalance and rejected from bearish order block + institutional big figure 137.000. As well we can see price formed a normal divergence which indicates bearish price action.
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USDJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I look price to continue the retracement to fulfill the imbalance and then to reject from bearish order block + institutional big figure 136.000.
‼️Attention!!! Due to the fact that we have news events on USD this week, the analysis can be invalidated.
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[UPDATE] Trade Triggered In We Go....Ok quick update on the idea posted last week as expected we got the move up to the 134 area and my TRFX indicator has just give a SELL signal giving us the green light to enter this position.
Stop loss is well above 136 the target as explained is the 125 area as the position moves in our favor we will be taking part profits and using a trailing stop. This position will likely take several weeks or maybe longer to play out with nearly 900 pips on profits on the table.
If you would like to know the full reasons behind this setup read the related post below.
USDJPY - Expect bearish price action ✅Hello traders!
‼️ This is my perspective on USDJPY.
I expect here bearish price action as price took out buy stop liquidity above equal highs and formed a normal H4 divergence which indicates bearish move.
‼️Attention!!! Due to the fact that we have news on USD this week, the analysis can be invalidated.
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Where To Next 900 Pip Move On The Cards??I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area.
What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals on the TRFX indicator as we approach this price or go above it into the SELL zone.
The for this move will be a NEW low in the current downtrend as you can see on the chart a nice target for this is the 125 level which is a previous strong resistance which should now act as a solid support and nice target for bears.
This trade may take a few weeks to play out though if it goes as expected above then there is 900 pips or more to be made on this pair.
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USDJPY Trading Plan - 8/Feb/2023Hello Traders,
Hope you all are doing good!!
I expect USDJPY to go Down after finishing this correction.
Look for your SELL setups.
Please follow me and like if you agree or this idea helps you out in your trading plan.
Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management.
Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
USDJPY - Selloff started ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are in a bearish market structure from daily perspective, as we can see price rejected from bearish order block + institutional big figure 133.000. I will look for a short position if price retraces on lower timeframe.
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