Usdjpyshort
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis.
Watch strong action at the current levels for SELL . GOOD LUCK! Great SELL opportunity USDJPY
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USDJPY - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Nothing changed here, as I said in my previous analysis I have a long position, expect price to take buy side liquidity and to create new higher high. I will secure my trade and move SL to BE.
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💡 USDJPY: Waiting for the opportunity to turn backFollowing three consecutive sessions of sharp decline, buying strength has resurfaced as the price nears the lower boundary of the ascending price channel. While the overall bullish pattern remains intact on the H4 and daily timeframes, it's worth noting the emergence of a bearish signal. A notably robust bearish pin bar has taken shape on the weekly chart, manifesting at levels not seen in decades. Consequently, there exists a potential for a price reversal in this resistance zone. Therefore, it might be advisable to consider selling opportunities once the recovery phase concludes.
USDJPY 4H : NFP report will affect on the marketUSDJPY
New forecast
The dollar pair against the yen dropped yesterday and tried to breach the support 150.00 level ,so that the bearish corrective trend scenario remains valid, which mainly targets the 149.14 and 148.89 areas.
therefore the downward scenario will be remain valid and effective during coming period and moving average 50 support the continuation of the proposed downward trend, breaking 150.00 will facilitate the price’s task of achieving the expected target, while breaking 150.53 represents a positive factor that will push the price to try to return to the main upward path again.
The expect range trading for today it will between resistance line 151.00 and support line 150.00.
Additionally ,Today News will affect the market .
support line : 150.00 , 149.41
resistance line : 150.53 , 151.00
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USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range.
Key Points:
1. We're in a Bull Channel which means we have a better chance of profit longing.
2. Previous High of 152.000 has been touched.
3. Bull Capitulation Candle on Oct 23.
4. DXY Strong Bear Signal Bar of the bottom of the bull channel.
5. JPXY Still at Risk of Bull Reversal, this week's candle may decide.
6. RSI has room to fall and while a weak indicator, supports the previous 5.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
USDJPY Bears parade incoming! Weekly chart says it all.. the 2022 pattern is now repeating again for the USDJPY pair:
1- Top rejection
2- Bear Doji close
3- Waiting now for confirmaton: bear candle with body closing below previous and lower high
The volume seems to be lower this time so watch out for one last try to test the weekyl Top. Most likely will be rejected so thats a good point for a short!
USDJPY - Long after a retracement ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
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USDJPYWas waiting for the next opportunity after getting stopped out from the last trade. There might be the end of the uptrend for UJ for now. I've placed my trade on last Monday, and there's so many big news on USD these few days.
As there weren't any hiking in rates, it's time to fill up the imbalances below.
Let's share idea's based on UJ, do drop down a comment on why you bought it and why do you sell UJ.
NOTE: I'm not a financial advisor
Too Early in week UsdJpy? 🚦UsdJpy , the Yen is testing the highs for liquidity preceding a decrease. It is early in the week and probabilities are not there for the kind of upside volume that we want to observe .
150.5 Bullish Weekly target
152 2nd Bullish Weekly Target
148.71 Bearish Weekly target
148.23 Bearish weekly target #2
USDJPY: Japanese Prime Minister Kishida: The economic stimulus Japanese Prime Minister Kishida said:
The economic stimulus package totals about 17 trillion yen, including tax cuts
Supplementary budget to finance the economic stimulus package worth 13.1 trillion yen
Will try to pass additional budget one day soon
So in the near future will JPY continue to increase?
JPY plummeted with bad newsThe Bank of Japan adjusted monetary policy, the Yen suddenly plummeted
According to results from the Bank of Japan's two-day meeting, the bank's Policy Committee allowed 10-year bond yields to exceed 1%, considering this level as an upper threshold instead of a ceiling. hard and remove the commitment to protect this ceiling by buying bonds with unlimited volume.
Short-term interest rates are set at -0.1%, while 10-year bond yields are at around 0% under yield curve control, as is the current policy.
The above decision shows that rising global bond yields and persistently high inflation are making it more difficult for the Bank of Japan to maintain its yield curve control policy.
USDJPY: The Japanese Yen continues to fall sharply as Tokyo With the EUR/JPY exchange rate at 160.80, the 2008 peak, and the USD/JPY exchange rate at 150.75, the yen is continuing its downward spiral to a new low throughout the day. This occurred when Tokyo dispelled any rumors that it was still protecting the price by confirming that it did not interfere in the currency markets in October.
The BOJ doesn't seem to be planning to become involved in the yen today, therefore it looks like the currency will perform as expected. Tokyo's attempts to defend its currency could backfire given all of the BOJ's recent dovish actions.
USDJPY I Pullback and continued bull runWelcome back! Let me know your thoughts in the comments!
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USDJPY Shorts to 146.800My bias for this pair is very much so bullish due to the fact that price has entered the last (8hr) supply zone of the chart. Not only has it swept so much liquidity, but the initial rejection ended up causing a change of character to the downside on the 4hr time frame. As we can clearly see wyckoff distribution play out, there have been nice POI's left for us to enter sell positions from, like the 15min unmitigated supply at the top or the 17hr supply zone just underneath.
We will wait for the pullback to come back to these areas to re-distribute on the lower time frame in order for us to get the most premium price to sell at which will maximise our risk to reward ratio. Ideally we would also wait for the asian high to get swept first at 150.420 before looking at entries, as there will be no more reversal magnets against our trade. Our sells will then be in a very good position for price to just melt down.
Scenario B is that USDJPY will end up making new highs and break the POI's marked out. This would be expected when the current pull back comes and fails all the supply zones at the top to take out the ATH's (All time highs of the market.) However, even then we will also expect a bearish trend to form once price decides to sweep ATH's as that is also a strong form of liquidity.
My confluences for USDJPY shorts are as follows:
- Price has tapped into the last 8hr supply zone of the market that also caused a change of character on the 4hr.
- Liquidity has also been swept inside the zone from the upthrust distribution and has now left valid POI's
- Once the asian high gets taken there will been reversal magnets against our sell bias.
- Lots of liquidity to the downside to target as take profit targets i.e. Trendlines, equal lows, untouched asian lows and long wicks to fill.
- There is also a 15hr demand zone at the bottom that price needs to eventually mitigate.
P.S. There is also a 3hr supply POI underneath the asian high that it could react off but I would like to see a clear CHOCH and maybe even a break of structure to validate the hold of that supply. As we have identified both feasible scenarios, we can now prepare for the markets price action to play out and make our moves from there. But we must remain adaptive at all costs and know either could occur in this markets forecast.