Usdjpysetup
sell setup for usdjpythe price is too close to the weekly resistance, so we expect the price will reject it making a correction
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
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USD/JPY - Fundamentally Bullish In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen.
1.) Higher Interest Rate in the U.S
2.) Bond Yield Differential
3.) High U.S Inflation pushing Rate Hikes From Federal Reserve
We also have some key technical levels to watch out for at 120.00 on the exchange rate.
USDJPY Daily Short!
Overview:
USD has The FOMC Fed Announcement this Wednesday March 16, which is cause for volatility (fundamentally) in currency paired with USD.
USDJPY is approaching clusters of Resistance and, technically, potential reversal is expected as sellers attempt control starting 118.226 price-range down to 114.201 for target.
Note: Idea is to complement your research.
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Thank you. Happy Trading.
USDJPY OHLC (SELLS) MONTHLY STRUCTURE (MARCH 2022)USDJPY OHLC (SELLS)
MONTHLY STRUCTURE
(MARCH 2022)
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Monthly Structure for USDJPY is OHLC (SELLS), A resistance will be formed the minute Priceline and bloodline cross. Patience. Long term Sell runner after Tdi bearish cross should be the open of the monthly candle in the daily timeframe 115.505
Bearish Divergence from 5 Jan to current market price.
Trade with Caution. If price isn't able to close below the open before the 15th of this month, price will consolidate. Wait for valid entries.
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P A T I E N C E + D I S C I P L I N E
USDJPY Analysis & Trade IdeaPrice is in an uptrend on the HTFs, but is bearish on the 15M. This bearishness may be short term, as price is potentially making a HL.
The possible pivot points are our marked POIs, where I will look to enter long.
No confirmation, no trade. I need to see price shift from bearish to bullish momentum before any long entry.
SHORT IDEA H4 UPDATE - FALSE BREAKOUTBased on market indicators and the Fibonacci fan measure I am still bearish on USDJPY with some tweaks on the entry & TP points. We are more than likely experiencing a period of retracement after a fall from price 115.600 down to 114.200.
As illustrated above I am expecting the pair to go short. A safe entry area is .75 - .618 potentially down to 0. Resistance around 115.300.
After the price meets support levels between 113.800-113.600, I am expecting a strong upward trend for USDJPY including hitting new all time highs.
Trade safe.
USDJPY SHORT-TERM SHORTS 📉📉📉📉 Expecting bearish price action on a short-term perspective on UJ as price should close the bullish imbalances, the shorts will be till price reaches 114.500 where we have a lot of conflunces to go long bullish orderblock on h4 + d1 bullish imbalance.
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USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.