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Usdjpyshort

USDJPY short selling Possible Scenario The USDJPY is known as "Ninja" in the forex market. USDJPY market in a bullish trend for a couple of weeks. Now price is traded near the Strong Supply zone area ( 140.80-141.50 ) as mentioned in the price chart. The last time the market reject this area at 23-Nov-2022 and after that market makes a clear bearish move of almost 1000 pips to the downside. RSI ( relative strength Index ) at over-bought levels and VOLUME also Indicate buyers lose momentum. So this area is suitable for initiating short positions after closing below the zone. On the other side, the Price traded above 200 MA ( moving average) indicates a bullish trend still in line but a Favorable scenario for long positions near the demand zone area ( 138.33-137.75 ) or after retesting the 200 MA ( moving average ) confirmed by bullish price action structure. Support and Resistance levels for day trading ; Pivot Point Level: PP 140.27 Support Levels: S1 139.82, S2 139.04, S3 138.59 Resistance Levels: R1 141.05, R2 141.50, R3 142.28
Short
by alirazaibit
USDJPY | Perspective for the new week | follow-up detailsThe USDJPY fell 0.54% to 137.955 on Friday after data showed that Japanese consumer inflation rose back to a 40-year peak in April, putting pressure on the Bank of Japan to adjust its ultra-loose monetary policy. However, news of constructive talks to end the current debt ceiling impasse in Washington raises optimism that a deal can be reached to avoid a damaging debt default. This video illustrates the technical side of the market, as we try to consider the fundamental factors that might affect buying or selling of this pair. Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
Potential High for usdjpy, intraday short setup 30mminUSDJPY has been uptrending rather strong for quite a few weeks now. Its common that you'd like to go go against the trend, however, the only way to learn how to trade reversals is to trade them. Price presented a volatile shooting star for the close of Thursday. (4H). The daily had some wick action also. The 1H had a moving average crossover to the downside before making the latest high. the 30Min has already created a srtrong eveing star and began downtrending on its 2nd lower low. Im looking to get in on the Lower high. A counter trend trade short back down to Weekly support.
Short
by DesharedPierreJr.
1
USDJPY Next move!(bearish)Hello Traders In bigger picture(TF daily) the price is making an ABC correction. In smaller TF Wave B is completing and trend still bullish in 4hr TF. RSI has been reached in overbought zone so we should expect a small correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Short
by FortunaInvestments
20 Reasons for BUY USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone. 2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event. 3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher. 4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation. 6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern. 7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move. 8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum. 9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility. 10: 6 Strength ADX: The ADX indicates bullish strength in the market. 11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change. ✔️ Entry Time Frame: H1 12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact. 13: Entry Move: Enter the market impulsively. 14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation. 15: FIB: The trendline breakout can serve as a trigger event. ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry: 138.759 18: ✋Stop Loss: 137.367 19: 🎯Take Profit: 142 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 15 days
Long
by Optimum369
USDJPY: Fed and target!Fundamental Overview The lowering of the Consumer Price Index indicates a decreased likelihood of the Federal Reserve imposing new rate hikes, which is welcomed by the market. This presents a strong argument for a pause. As a result, investors are increasingly anticipating rate cuts, which is causing the Greenback to decrease in value. Important numbers to note include the Consumer Price Index and the potential for rate cuts. [/i Fed feels more comfortable with receding inflation Plan trade in the intro
Short
by Sphyn-Trader
1
USDJPY 137.915 -0.57% LONG IDEA 📈💡🐮HELLO EVERYONE HOPE EVERYONE IS DOING GOOD. * Looking at US/JPY in the coming week 1. Close the week having closed above -OB saw a rejection from this level. 2. Looking for a push higher to take the BSL above and trade within an OTE . 3. From the would be looking for some corrections into some structures below. 4. Looking at that unfilled FVG as a possible entry with the BULLS. lets see how it goes. IF THIS IDEA ASSISTS IN ANY OR IF YOU LIKE THIS ONE SMASH THAT LIKE BUTTON & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
USD/JPY REST STOPUJ has been bulling very hard as of lately. With the never ending rate hikes pushing up the price of the dollar, and many foregin countries defaulting on their national debts, it is midnight in lots of places but it seems Powell is still squuezing everything he can out of the dollar. Technically speaking we see here a very nice looking rising wedge type pattern developing on the H4. although we are in a CLEAR UPTREND, UJ has seemingly overstepping its bounds and should need some type of rest stop before over taking this resistance, if it is to do so. There is a potential that the dollar could break through this very strong resistance level but my inclination is to sell this pair down to earth and prepare for it to push back upwards again.
Short
by NakedTrading4U
USDJPY: Technical Overview The USD/JPY pair scales higher for the fifth successive day on Wednesday and climbs to over a two-week high during the early European session. Spot prices currently trade around the 137.00 round-figure mark, which bulls now awaiting a move beyond a technically significant EMA34 and EMA89 before placing fresh bets. Fundamental Overview The Japanese Yen (JPY), on the other hand, is weighed down by a more dovish stance adopted by the Bank of Japan (BoJ). It is worth recalling that BoJ Governor Kazuo Ueda said last week that it was too early to discuss specific plans for an exit from the massive stimulus program. This, along with a modest uptick in the US equity futures, undermines the JPY's safe-haven status and remains supportive of the USD/JPY pair's ongoing positive move. That said, a modest downtick in the US Treasury bond yields might hold back bulls from placing aggressive bets.
Long
by Sphyn-Trader
3
Short UJ on 2nd test of 50% level on Sunday Night / Monday UJ traded lower on Friday and could be in for a minor top here. I'm looking for a retrace of the latest up move that has seen it rally into the 138's-139s. In the sharp downdraft late morning NY, UJ setup a short setup for additional downside in USDJPY. Look for a move back up to the 138.10 area. We encoun6tered resistance and traded away lower from this area. I am expecting a 2nd test of this area and if it does, could offer a compelling reward to risk ratio and an opportunity to get short for a move back into 135-136 area. This could be a multi-day swing trade to enter on a tight stop near the level and when it starts going your way, bring your stop to break even and let it work. Add on any spikes up as needed. And, remember to trail the move down with a 61.8% trailing stop,
Short
by CeresTrader