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Usdjpysell

USDJPY Short The pair USDJPY has been on a strong uptrend for the past 20 months and has found resistance at 145.000 a level that was last traded August 1998. Considering the growing economic reports and strong job data coming out of the U.S, along with the recent downfall of the Yen, the USD took advantage of the Yen's weakness by going back to retest these levels. But they say whatever goes up must come down and this is currently the case of USDJPY . From this area I expect a sell of down to at least 135.000 on the weekly level which happens to be the February 2002 resistance price broke and haven't retested. A retest of this area is sure and this will be a minimum of 700 pip from current price. But we will take these swings in bit. First TP is an extension of the first impulse recently made on the 1hr timeframe.
Short
by mariobillz7
2
SELL USDJPY On Clean Break & Close Of Bearish Flag ??Today I will be looking to SELL the USDJPY on a clean break of the bearish flag that is forming and will be targeting the previous HIGH in the current trend that was taken out last week this should act as a nice support allow there could be a deeper correction down towards the Daily DEMAND/BUY zone marked on the chart above. I will want to see a clean break and close below the trend line that I've marked on the chart we do have the US CPI today which may or not help in this postion a a close above yesterday's HIGH then we will likely see a move up towards last weeks HIGH will see. I suspect this pair will correct this week and early next week leading up to the Central bank meetings in Japan and the US also we have a lot of news in the US this week as wwe know this pair is very fundamentallly driven at present but is extremely overbought on many of the major timeframes so a correction on the weekly or monthly charts is well over due as it's been moving higher for nearly 24 months straight.
Short
by TheFxAce
USDJPY BIAS: SELL: Bulls At The Point Of Struggling Description : First, use a proper stop loss to avoid big losses, as this is inevitable in the forex business. Second, the bulls are at the point of struggling because the momentum is not on their side anymore; and the bears seem to override the market soon. The tug-of-war between the bulls and bears is at the key resistance zone of the market. Note: if you sell it, just aim for 30-40pips, as this market is just starting in a new direction. Just exit from 139.95 for the take profit.
Short
by OraclePips
Is The USDJPY Topping Out??? Time To SELL HmmmmmOn my previous USDJPY trade idea I said that if there was a clean break of 138 then we would move up to new highs this occurred last week and have now entered a HUGE untested SUPPLY/SELL zone with a nice 1,2,3 push topping formation on both the WEEKLY Chart and on the RSI showing this formation with the MACD also starting to show divergence. When these sort of formations start to appear on higher timeframes its a very strong sign that a HUGE correction is not far away especially if we are also inside a huge monthly supply level although the USDJPY move has been driven by fundementals and divergening policies in the US and JAPAN, I suspect these polices will change very soon as this is a key area. Price action is showing that a top is very new and you would not want to buying inside this area as when this pair corrects it can have a clear path down towards 126 as marked on the chart. It may rise a lttle further though any new high will be quickly sold off personnally i will start building into a SHORT position selling each rally higher and target the 126 area by Year end huge potential on this position though not for the faint hearted and will need to hold, we will likely start to see maniplulation by large players as thet unwind their LONG positions. The clearest and easiest way to see what the market will do next is looking at the weekly and monthly charts as this is were the big moves start and finish.
Short
by TheFxAce
USDJPY (US Dollar/Japanese Yen) Currencies Analysis 26/04/2022Fundamental Analysis: Japanese Prime Minister Fumio Kishida said on Tuesday. The government’s JPY13.2 trillion emergency relief package will help ease the pressure off households and companies from rising fuel and raw material costs. Additional quotes “The government will tap reserves set aside under the current fiscal year's budget to fund some of the measures that require fresh spending.” “Will lay out by June action plan on steps to promote 'new style capitalism,' long-term fiscal and economic policy guideline.” “Will compile an extra budget, aim to pass it through current parliament session.” “Important to promote the use of nuclear power, renewable energy to stabilize energy market.” “Will layout after upper house election comprehensive package of policies, including on energy, to promote change in Japan’s society.” Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 3 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast dates and exact Prices.
Short
by BitonGroup
2
USDJPY Sell on Hourly ChartExpecting USDJPY to shoot downwards after breaking the 136.000 price range the Bollinger bands indicates this as well. Prices were in this area last week as shown. The pairing has been bouncing between the prices of 137.600 and 135.300 this week, not breaking either. There has been a lot of volatility due to the Jackson Hole conferences today and tomorrow and I am expecting it to continue. Sell Entry: 136.100 Targets: 135.900 | 135.725 | 135.300 | 135.000 Support 134.800 Be sure to like this post and let me know what you think in the comments.
Short
by DollarYenQueen