Usdjpysell
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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USD/JPY:NEW SWING OPPORTUNITY|DOWNTREND|SHORT SETUP 🔔Welcome back Traders, Investors, and Community!
Check the Links in Description and If you LIKE this analysis, Please support our page and Ideas by hitting the LIKE 👍 button
Traders, if you like this idea or have your own opinion about it, please write your own in the comment box . We will be glad for this.
Feel free to request any pair/instrument analysis or ask any questions in the comment section below.
Have a Good Day Trading !