What's the best level to sell USD/JPY?Dear traders, as per IG client sentiment, 67% of the retail traders are net short
in USD/JPY. So, it goes without saying that a lot of traders are waiting for
USD/JPY to fall.
UJ's rally has come to a halt at the 140.86 level. So, it would be wise to see if
there is another retest of the 140.86 resistance level.
Upon retesting, if we see bearish price action traders can consider selling
UJ@140.40-141 with SL above 141.50 and TP at 135.
Usdjpyshort
USDJPY, Bearish Market, Swing TradingHello everyone,
UJ is currently in a bearish market, so we must adapt and react and look for an entry point. Price recently dropped and closed into the key 4 hour price zone 139.198. Price is projected to retrace back to the next key 4 hour zone 139.627. If this projection is fulfilled, look to enter in short positions @139.627 and hold to the next key daily or key 4 hour zone.
USDJPY Long Term Selling IdeaHello Traders
In This Chart USDJPY HOURLY Forex Forecast By World of Forex
today USDJPYD analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This Video is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts.
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week.
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.
USD-JPY ✯ SHORT SETUP ✯ ONE HOUR TIME FRAMEThe current technical analysis of the USD-JPY currency trading pair reveals an increasing trend that has been shaping from last few hours. However, there is also an indication of bearish divergence, suggesting that the bullish momentum may be losing steam.
Looking at the charts, we can see that the price of USD-JPY has been steadily rising forming higher highs and higher lows, indicating a clear uptrend.
However, there is a notable bearish divergence pattern emerging, indicating that the bullish momentum may be losing steam. While the price of USD-JPY has been increasing, the Relative Strength Index (RSI) has been showing a downtrend. This divergence between the price and the RSI suggests that the price may be overbought and due for a correction.
Considering all the technical indicators, it appears that the USD-JPY currency trading pair may take the bearish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a SHORT TRADE if it breaks the ENTRY PRICE.
USDJPY SellExpecting UJ to go into sell once price breaks 139.500 based on MA indicators. A weakening DXY also supports the idea. If price breaks below 138.250 there is potential for a further sell onto 137.500-400 price area. Resistance/Stop loss is around price 140.000.
Sell Entry: 139.500
Targets: 139.300 | 139.185 | 139.000 | 138.840 | 138.700 | 138.500 | 138.370
Support: 138.250
Resistance/Stop Loss: 139.950
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USDJPY H1: Bearish outlook seen, further downside below 140.00Price is hovering below a key resistance zone at 140.00 on the H1 timeframe, which is in line with the 38.2% Fibonacci retracement. A pullback to this zone could present the opportunity to play the drop to the next support zone at 138.80, which coincides with the 78.6% Fibonacci retracement. Price is holding below the Ichimoku cloud, supporting our bearish bias.
USDJPY - Long from discount zone ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. My point of interest for long position is if price makes a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: This week on Friday we have news on USD, will be released monthly NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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It's Showtime: SELL Trade Triggered, Action Time...The SELL signal for this pair has emerged today on the 12-hour chart. As per our May 19th analysis, after breaking through the 138 resistance level, I've been patiently waiting the sell signal. The price not only surpassed 139 level but also went beyond 140, just as explained may happen in the initial analysis.
Today the TRFX indicator gave us the all-clear to initiate a short position. My stop is set comfortably above the Weekly SUPPLY/SELL zone, which is above the green box marked on the chart My initial aim for this position is the 137.5 area, as denoted by the green line.
As the position moves towards this target, I'll revisit and analyze its progress, with a possibility of maintaining it for the long term.
To understand my method behind this setup please read the related post hope you enjoyed!!
usdjpy BUYhello usdjpy pair. He has reached an important stage. The price is now at a strong support, with a retest of the double button pattern. With a positive candle on the daily chart. Humiliate to a strong entry of buyers. to climb again Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
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
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.
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.