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Usdjpysell

A comprehensive analysis of USDJPY prior to FOMC meetingHello traders, with the carnage that's going on in the Global Financial markets, it's really not a surprise that US Dollar is gaining strength across the board. Adding fuel to the fire are the talks of an upcoming recession and stock market crash. With that in mind, let us take a look at what is happening in USD/JPY. As you can see, the price has rallied very strongly over the last 3 weeks. Currently, USD/JPY is at a level that was last seen in 2002. Keep in mind that price tends to react quite strongly at such historical levels. With the FOMC meeting less than 12 hours away, I would refrain from placing any major bets on any currency pair and I recommend other traders to do the same. However, if the price spikes to 135.30 or higher during the FOMC meeting, I would try a sell entry with 130 as my TP over the next couple of weeks. Keep in mind, that the above setup is strictly speculative and it would be invalid if USD/JPY breaks the resistance level strongly.
by KaltoireCapital
5
Usd is ready to weak against YenHi everyone in the TradingView community. I am Rana Sarmad I like to share and talk about trading strategies. If you are a member of my subscribers list and like my ideas, please don't hesitate to let me know by hitting that Like button and growing my notification count! We are going to discuss about USDJPY. We can see a strong resistence level near the CMP. and clear breakout of TL since 31 May. now we are expecting for a long term bearish move till previous high. his is my opinion, I really hope this will be useful for you. This is not a financial advice. Always take trade at your own risk, Be ready and take care your money. Have a great profit !
Short
by Theranasaramd
USD/JPY may drop some before it rise againNote: USD/JPY is in uptrend, there is no doubt here. So, selling USD/JPY is risky. The FED is raising rates and BOJ is still holding their negative rates. So, as a carry trading method JPY is much weaker than the USD. And BOJ already says they are not going to raise rates anymore. Now the question may arise, WHY am I in sell mode in USD/JPY. Reason is simple, Everything has a limit. I think USD/JPY has reached its limit. As long as it didn't break above the 135.30, it is not going to up more. If you see its last few days moves. The USD became strong against most of the major currencies but couldn't against the JPY. That means the current price zone matters to the investors. If you think my logic is not strong, please you can skip it... I think after tomorrow's rate decision the USD will be weak. Because the market is priced at a 75 BP rate hike. But my mind says, the FED won't raise 75 BP. rather they will rise only 50 BP.
Short
by Gold_Trading_Expert
4
USDJPY-SELL++No change in view for the medium-term. For now I added another position @ 133.13 and the average now is 131.94. The market is overextended daily, weekly, and the most monthly chart. The pattern no doubt is aiming for some higher levels, and for that reason we add relax a bit each time it goes higher, I will update when I have placed a next sell. For now I expect correction back towards 125.57 medium-term and short-term profit order @ 127.87. It depends to the time-frame you wish to play.
Short
by peterbokma
USDJPY-SELL++I have increased my short @ 130.75 awhile ago, and will add further on increases, which are possible. The view is medium-term, and not short-term, so from short term perspective we may have little more upside before correction sets in. The focus is medium-term, and the level over overbought is high, not extreme for weekly chart and getting to extreme on Monthly chart. the strategy is unchanged to build up shorts in but using small leverage. The correction is likely to go towards 125.17 for now.
Short
by peterbokma
USDJPY: Never Ending Bull Run 🚀Trying to trade anything JPY is proving difficult as we experienced yesterday on EURJPY. The death of JPY just continues over and over. I think the bull run will continue all the way into the key psychological level of 130 before we see any signs of buyers slowing down. I won't set an order, I will set an alert because we are bound to see some manipulation around this key level. Once the manipulation and play on price is complete around 130 THEN we may have the opportunity to join sellers. Buyers got an easy breakout of the 'trend-line' which leads me to think liquidity and trapped sellers remain at the low. This will be the target IF we locate a sell.
Short
by AlkalineFX
22