Usdjpysetup
USDJPY - weekly - Big downside coming for USDJPY down to 110USDJPY - Weekly - price action telling me theres big downside coming for usdjpy down to 110. We could see further weakness in equities and strength in VIX index that is also calling for upside at current levels.
USD/JPY Technical Analysis: Reversing the General TrendOn the daily chart, the USD/JPY is stable in an important area. Breaking the 113.00 support supports a bearish reversal of the trend an further movement down. The closest support levels for the pair are currently 112.75, 111.80 and 110.90. On the upside, the bulls will break through the 114.60 resistance to return to the upside track. I still prefer selling the currency pair from every bullish level.
The USD/JPY will be affected today by the announcement of the US consumer confidence reading and the testimony of US Federal Reserve Chairman Jerome Powell.
For the third day in a row, the USD/JPY is settling below the 113.00 support level after strong selloffs which the pair recently witnessed as it collapsed from its highest level in six years, when it tested the 115.52 resistance level last week. The outbreak of a new variant of the Corona virus, which contributed to the return of lockdowns, disturbed investors and markets, and it may also be with global central banks that are heading towards tightening their monetary policy. This morning, the currency pair attempted to correct upwards to reach the 113.88 resistance level, but it came back down, settling around the 113.10 support level at the time of writing the analysis.
FX markets have generally calmed since the start of this week's trading, despite mixed omicron anxiety that dominated international headlines. Currently, investors seem to adopt a wait-and-see approach to investing.
Market analysts are still forecasting fluctuations in the currencies' performance. “Until then, market volatility is likely to remain elevated,” said Rodrigo Cattrell, senior FX analyst at National Australia Bank, in a note to clients. “Markets have had to reassess the global growth outlook until we know more. ”
Global financial markets will be watching US President Joe Biden's speech when he provides an update on America's response to the new variant. Although the World Health Organization (WHO) has urged everyone to avoid a sudden reaction, officials have reacted by closing borders and suspending travel to and from major destinations. Meanwhile, investors will be paying close attention to the speeches of several Fed leaders. Fed Chair Jerome Powell and outgoing Fed Vice Chair Richard Clarida will speak and may offer some insights into how the omicron variable could affect the US central bank's monetary policy moving forward.
The US dollar index (DXY), which measures the performance of the US currency against a basket of six major competing currencies, rose to 96.20, and the index suffered a weekly loss last week of 0.3%, but it is still up by 7% since the beginning of the year 2021 to date.
The USDJPY rate may be more sensitive to the ebb and flow of risk appetite in global markets as well as any other insights into the Fed's policy outlook that all of the different Fed rate setters who are set to speak publicly throughout the week may offer. These various speeches will come after Federal Reserve Chairman Jerome Powell's Monday and Tuesday appearance in Congress, and they will all be listened to closely by the market for clues about whether the new virus strain is something that can prevent the Fed from accelerating its tapering easing program. Quantitative bank begins to raise US interest rates.
This comes after the minutes of the Federal Reserve's November meeting last week revealed that some of the bank's policy makers were considering calling for exactly this course of action, which severely affected the currency pair's price.
USDJPY Playing The PullbackIN this update we review the recent price action in USDJPY and identify the next high probability trading opportunity
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.
USDJPYhello Traders
Here we are expecting a USDJPY Short trade idea. push like And keep us going ,
usdjpy - it may be reverse from here so we are looking for short
- Now the current price is approached towards strong area and where i am expecting reverse and there is no need to wait .
waiting for dollar weakness
SHORT
Why are we entering?
- Expecting JPY strength and USD weakness
- Price broke the ascending trendline = bearish
Entry
now is a good time
Once entered, where will our Stoploss be?
- above the rejected price
Where do we take profits?
- TP: 112.200
USDJPY Wait For The Trigger 🔥🔥Hello Traders , Welcome to this analysis, we are looking at the USDJPY, the 1-hour timeframe.
My trading strategy is based on the simplicity .
Please don't forget to FOLLOW , LIKE and COMMENT .
If you like my analysis.
Thank you and Good Luck!
USD/JPY 4HR CHART HEAD AND SHOULDERS SET UPHi everyone this is my trade set up for the USD/JPY for the new week ahead
USD/JPY i think will push lower as it formed head and shoulders last week and closed below the neck line, so I expect a nice sell set up
look for sell activity in the order block lined off on chart then if it meets your criteria for a trade then execute
This is my analysis only please trade with caution and risk management in place
good luck for this weeks trading
please like and comment both are welcome
USDJPY BUY SOONHi fellow traders, USDJPY is completing the correction, look for buy in the blue box area. Goodluck!
USDJPY H4After the formation of negative Hayden divergence in the 4-hour time frame and that the ceilings are still lower I expect the price to fall again to the lowest floor
UsdJpy- To break flag's resistanceAs I said in my previous analysis regarding UsdJpy, I'm strongly bullish
At this moment the correction from the recent top seems to be over and the pair is ready for a new leg up
The confirmation comes once the flags resistance s break and we can see UsdJpy above 115 soon
A drop under 113 invalidates this scenario
USDJPY shortsJust explained my trade I've taken on USDJPY and possible scenarios heading into the end of the week, praying for further downside but price is struggling at the moment with 113.500 so holding 50% with stops obviously moved to entry point. I will also be watching if price creates an opportunity for buy positions off that 113.500 level.
USDJPY BuyThis is my idea on USDJPY pair.
What do you guys think?
Trading rules:
TP1 partial close 30%
TP2 partial close 30% + moving SL to ENTRY point
TP3 letting run without risking lose.
How I look at fast bullish runs USDJPYJust a bit of a look at how I trade these pairs when price is on a huge upside move. It can be very rewarding when you get entry's and straight into risk free but remember anything can happen and just cause price is looking so strong, we can get sell offs whenever... its better to be safe then lose.. risk amounts stay the same ALWAYS no matter how good a setup looks.
UsdJpy- New high in sight?After breaking above range's resistance and marking a new local high above 112, UsdJpy corrected and has confirmed the old resistance zone as support.
A new leg up followed and a new correction, just to mark a higher low and make 111.20 support.
At this moment the pair is trading just in short-term resistance given by last high and a break here can lead to continuation and a new high around 112.50
I'm bullish as long as the price is above 111
USDJPY SellThis is my idea on USDJPY pair.
Little bit late entry, but still expecting positive results.
Pattern: Bearish Butterfly
What do you guys think?
Good Luck Everyone.
