USDJPY - Short term downside ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here I expect bearish price action for short term as price filled the imbalance and rejected from bearish order block M30. My target is liquidity below equal lows and institutional big figure 147.000.
Fundamental news: This week is full of news in USA. Firstly on Wednesday we have Interest Rate followed by FOMC Conference, then on Friday NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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Usdjpyshort
USDJPY Trade of the monthWhen i say that patience is the key, this is exactly what i mean. USDJPY was a trade of patience. It try multiple times to be bullish, but i was pretty sure that 148.5 was the top. I was lucky to catch the exact top with my first trade, honestly i was expecting a little upside moves. The second trade was placed on retest, and both trade are now close to the target. I think we will see more sell pressure, and there are good chance to reach 145.75 first and 143.5 next.
USDJPY - W1\D1USDJPY
W1 - The price can form a potential 3-wave structure and continue falling, the nearest level is 140.170, breaking through the 1st wave to implement the 3rd wave
D1 - The price has approached the breakout of the 1st wave, which can form the 3rd wave and begin a downward movement to local levels 143.012
What can you expect?
You can consider entering from the current levels of 146.634 with a target of 143.012. Also, if you are considering an entry, you can wait for the price to fix below the low of the 1st wave, which will make the entry point more confident.
Cancel if the price breaks the maximum of the 2nd wave - 148.322.
Short
Target 146.183 - 145.283 - 144.401 - 143.012 - 140.170
USDJPY SELL BOJ INTRESET RATES AHEAD!!!HELLO TRADERS
I am looking USDJPY chart and its now consolidation & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike.
While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet.
it's just a trade idea friends share your thoughts with us it helps us all.
STAY TUNED for more updates.
USDJPY,🔴Sell opportunity🔴The price had a bearish reaction after collecting the liquidity above the previous daily high.
In addition, the price created the liquidity pool formed equal highs below the supply zone.
So we can expect the price rise to collect the liquidity and have a bearish reaction to our supply zone.
Please pay attention; we need a lower time frame confirmation for entry.
💡Wait for the update!
🗓️29/01/2024
🔎 DYOR
💌It is my honor to share your comments with me💌
USDJPY: The 10-year Japanese government bond yield could reach 2CEO of asset management fund Eurizon SLJ Capital, Mr. Stephen Jen, said that the USDJPY exchange rate could fall to 1 USD for 130 Yen by the end of this year, while the yield on Japanese government bonds with a term of 10 year is likely to increase by 1.5% - 2%. USDJPY traded around 148.10 and the 10-year bond yield was at 0.71% on January 29.
According to Stephen Jen, the father of the Laughing Dollar theory, Governor Kazuo Ueda's focus in the near future is to reset monetary policy "to allow the BoJ to act without bursting the government bond bubble (JGB )”.
Adding shorts to USDJPYMy view on USDJPY has not changed. I still see a bearish setup with a strong confirmation. Break of main trendline (daily), retest of it, i expect a break of the short term trendline (Hourly) and drop. As a support, there is a nice divergence on H4 timeframe. Target is around 146.000, invalidation is a break above recent highs
USDJPY major pullback or reversal?4H TF
- trendline broken, waiting on retest
- FVG intersection with said trendline
- 50% fib level confluent with both of above
- previous breaker block confluent with all of above
- LL created
1H TF
- FVG overlapping 4H FVG
15M TF
- 5 touches just below target entry (LIQUIDITY SWEEP?)
- FVG inside of both HTF FVGS.
ALL of the above intersect within the same PRICE RANGE. Highly probable that a retest and a rejection of all will allow the BEARS to takeover and create a new LH - Entering the start of a potential downtrend if enough liquidity.
M30 | Usdjpy | Decision PiontHello everyone ...
usdjpy is on buy trend this may continue the trend or if price break out entry levels and sell trend will start and this entry will be invalid..
Use good trade management only thing important in Trading is how you manage your trade...
WHAT YOU THINK ABOUT THIS PAIR LET ME KNOW IN COMMENT..
.. good luck..
USD/JPY Made H&S Pattern , Ready To Sell To Get 200 Pips ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Currency to watch this week: Japanese Yen The three big events of this week will likely be the BoJ, BoC, and ECB interest rate decisions.
Even though we aren't expecting to see any rate cuts or rate rises from any bank, we are looking forward to the guidance that each will present alongside their respective decisions. The guidance might be enough to move the yen, Canadian dollar, or euro.
The USD/JPY might be the one to watch the closest this week though. In particular, we like watching the tussle in the pair as it approaches 150.000 with bulls having to become a little sheepish as they anticipate BoJ intervention around this level. Is the threat of intervention sometimes more than enough to convince bulls not to take on any more long positions?
Coincidently, Japan’s finance minister Shun'ichi Suzuki gave a verbal warning last Friday saying that the government was watching currency moves carefully.
Working against the yen is that BoJ guidance at the time of its interest rate decision will likely be as dovish as always, considering last week's domestic inflation data (falling to 2.6% in December 2023 from 2.8% in the prior month). Which is why you might anticipate more upside in the USDJPY. Although anything is possible. The Bank of Japan has shocked markets before.
USDJPY I Forecast ahead of BOJ POLICY RATE 💰Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USDJPY On trigger pointUSDJPY is following my ideas and is now entered to my triggered zone to start selling. My main target is 146.250. On H4 tf i can see a bearish divergence, that is now confirmed by another bearish divergence on smaller timeframes. I expect to see a beginning of the correction today, that should continue next week
Sell USDJPY Triangle PatternUSD/JPY M30 Triangle Breakout Signals Potential Downtrend
A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement.
Key Points:
Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a period of indecision before a decisive move.
Sell Entry: A break below the lower support line of the triangle, around 148.10, could signal a bearish breakout and offer a potential sell entry.
Targets: Potential bearish targets are located at the support levels of 147.16 and 146.60.
Stop Loss: A stop loss can be placed above the upper resistance line of the triangle, around 148.50, to manage risk.
Additional Considerations:
Market Sentiment: The overall market sentiment and fundamental factors influencing both the USD and JPY will also impact the pair's price action.
Economic Data: Keep an eye on upcoming economic data releases from both the US and Japan, as they could influence the currencies' relative strength.
Risk Management: Employ proper risk management strategies, including appropriate trade sizing and stop-loss orders, to protect your capital.
Fundamental Factors :
1. Mixed US Housing Data Dampens USD Strength: Earlier on Friday, mixed US housing data, including weaker-than-expected housing starts but a surprising rise in building permits, cast doubt on the strength of the US economy and capped gains for the dollar. This could put downward pressure on USD/JPY.
2. Weak Japanese Machinery Orders Add to Downside Risks: Japan's core machinery orders, a key indicator of future capital spending, unexpectedly declined in November, raising concerns about the health of the Japanese economy. This could lead to increased safe-haven demand for the Japanese yen, weakening USD/JPY further.
3. Rising Global Risk Aversion Favors JPY: Heightened geopolitical tensions and ongoing recession fears in some economies are prompting investors to seek safe-haven currencies like the yen. This could contribute to a decline in USD/JPY.
Thank you
USDJPY I Potential short from resistance Welcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
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USD/JPY: Retests to kill momentum? USD/JPY: Retests to kill momentum?
The USD/JPY experienced a notable surge from 144.50 as the week commenced, surpassing the 61.8% retracement level from the November-December downturn. It breached its 100-day MA, demonstrating a one-way move that resulted in a gain of 400 pips. Since the beginning of the year, the yen has incurred a loss exceeding 4%.
Presently, the currency pair stands at a six-week high, propelled by a rally in the dollar following comments from Federal Reserve Governor Christopher Waller. His remarks tempered expectations of a rate cut in March.
The immediate obstacle to further upward movement lies in a retest of 149.700, followed by the crucial threshold of 150.00.
Today's release of consumer inflation data from Japan is anticipated to provide additional indications of easing price pressures and will be crucial in determining how well the pair performs against the noted resistance levels that are in its sights, or how well the 100-day MA holds up as a level of support.
USDJPY SELL | Setup Trading AnalysisHello Traders, here is the full analysis.
Short after the BULL RUN. GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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USDJPY SetupUSDJPY has gone higher than i was expecting. Honestly, my previous idea was wrong and the dollar rise more than expected. I still wait the drop, and now USDJPY has hit an important sell zone. 148-148.200 is a resistance area that also fit with the 1.618 level of the recent range. I expect a drop here till the level 146.000, Stoploss just above the 148.200 area, at 148.750/149
USDJPY - Look for a long ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. My point of interest for a long position is if price makes a retracement to fill the imbalance lower and then to reject from bullish order block + institutional big figure 145.000.
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USDJPY DROP 218 PIPS / 6R Trade +
1.) end of monthly pullback
2.) 2 weekly wicks rejections
3.) weekly 0.5 fib. level
4.) daily a lot of divergence pressure
5.) building daily liq.
6.) 4h divergence
7.) failed for 4h higher high
Now you can also see my entry model with sell and buy areas and minor levels to enter the trades.
Entry Model