USDJPY: Falling Out of The Sky?This pair is ready to fall out of the sky if you look at it from a money distribution perspective.
I assume the last run of liquidity was to capture orders from the demand area, now we have collected them, we can collapse to the downside.
I will be looking for slight pullbacks before I get involved in shorts.
What are your thoughts on this analysis, comment below.
Usdjpysell
Tendies ripe for the taking on the USDJPYThe dollar yen has been trading in a random walker manner for the longest time. There is now enough longs that are positioned for the market makers to liquidate and profit from. Just look at the number of tendies on the chart!
BEAR CASE
There are several levels on the chart that can provide short term relief for the downwards move but we are ultimately targeting the 107.5 levels. The liquidations of the longs will result in more selling into the markets as traders are forced to sell their leveraged long positions at a loss in the market.
BULL CASE
If the bulls find the resolve to buy up the dollar at these levels, we think that the price will continue to trade within the descending triangle building up for the downside move that wlll eventually come.
Outlook on USDJPY: Bullish play seen Hi everyone, USDJPY is testing the support of the ascending channel, in line with the 78.6% retracement and 100% extension where a pullback to test this area presents an opportunity to play the bounce to the next resistance target at 110.58, in line with the graphical high and 61.8% retracement.
USDJPY ANALYSISJust as our last analysis stated, we saw the sharp drop on this pair on Friday last week.
Coming into this week, price traded into a daily level of support and started showing some rejections.
And so with the impact of the current USD news, the dollar became strong.
Now, we see bullish momentum stepping in to push price.
As we have broken out of the recent region, we expect a pullback to lock us in for sells. We want momentum to be in our favour.
USD/JPY:FUNDAMENTAL ANALYSIS+PRICE ACTION|NEXT TARGET|SHORT 🔔Foreign Buying of Japanese Bonds for the period ending August 7th was reported at -¥1,103.6B, and Foreigners Buying of Japanese Stocks was reported at ¥104.9B. Forex traders can compare this to Foreign Buying of Japanese Bonds for the period ending July 31st, reported at ¥225.6B, and Foreigners Buying of Japanese Stocks, reported at ¥3.2B.
The US Import Price Index for July is predicted to increase 0.6% monthly, and the US Export Price Index is predicted to increase 0.8% monthly. Forex traders can compare this to the US Import Price Index for June, which increased 1.0% monthly, and the US Export Price Index, which increased 1.2% monthly. Preliminary US Michigan Consumer Sentiment for August is predicted at 85.0. Forex traders can compare this to US Michigan Consumer Confidence for July, reported at 79.0.
The forecast for the USD/JPY remains bearish, with inflationary pressures elevated and likely to increase amid supply chain disruptions related to the Delta variant of the Covid-19 pandemic.
Will bears awaken and force the USD/JPY into its horizontal support area?
USD/JPY:BEARISH CHANNEL PRICE ACTION|SHORT VIEW SETUP 🔔Hello Everyone, I hope you'll Appreciate our Entry opportunity !
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Short Vision on USD JPY for 23/07/2021Hello Dear Traders,
You find below my analysis for USD/JPY, the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame USD/JPY will fall to 110.2 as I am showing in my chart. Our Daily Goal is 110.
Currently, USD/JPY is moving towards the resistance level of 110.65 ,where there is some liquidity from this value we are looking for short-term selling opportunities of USD/JPY.
Good Luck and enjoy your Bearish Market for today.
Entry:@ 110.625
TP1: @110.425
TP2: @110.225
TP3: @110
SL: @111
As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment.
Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
USD/JPY:NEW SWING FIBO OPPORTUNITY|DOWNTREND|SHORT SWING SETUP🔔Welcome back Traders, Investors, and Community!
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