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Usdjpyshort

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
Time to SELL or More Buying Today May Give Clues???We got the break out of the previous resistance at 138 yesterday and approaching the untested weekly SUPPLY/SELL zone starting at 139 this is an area I expect to start seeing sellers come into the market though cannot rule out a move up towards 140. Looking at the 12hr and 8hr charts this pair is very over extended indicating sellers will be stepping in soon either for a pull back and test if 138 or a close back below for a false breakout Today I will be looking to see if we actually get a weekly close above 138 if price falls back and closes below this level today I will be entering a short position. If we do get the weekly close above 138 I expect a move above 139 then to get a big sell off inside this area and will be looking for sell signals from my TRFX indicator on any chart above the 6hr. My first target will be 134 before moving down towards 130 and maybe hold for longer. Will keep you posted on how today plays out and if a trade has been triggered. Good luck please like and follow
Short
by TheFxAce
10
USDJPY: Opportunity for buyers!Fundamental Overview The Bank of Japan (BoJ) Governor Kazuo Ueda made some statements that were perceived as hawkish, causing the Japanese Yen (JPY) to experience a slight increase. This resulted in a bit of downward pressure on the USD/JPY pair. During a parliament session, Ueda expressed confidence that Japan's economy was improving and inflation expectations were still high. He also stated that the central bank plans to end its yield curve control policy and reduce its balance sheet after inflation reaches the 2% target sustainably. Plan trade in the intro
Long
by Sphyn-Trader
15
USDJPY | Bearish Divergence | DownsideUSDJPY is a currency pair that indicates the exchange rate between the US dollar and the Japanese yen. When market analysts mention that USDJPY is in an uptrend, it means that the value of the US dollar is rising against the Japanese yen over time. However, the analysts also note that there is a formation of hidden bearish divergence on the Relative Strength Index (RSI). Bearish divergence refers to a situation where the price of an asset and a technical indicator, such as the RSI, move in opposite directions. In the case of hidden bearish divergence, the price of the asset continues to rise while the RSI indicator starts to decline. This indicates that there may be a weakness in the uptrend and that a reversal may be likely. When hidden bearish divergence formation on the RSI for USDJPY, it suggests that there is a high chance that the uptrend may be coming to an end, and a downtrend could potentially follow. In this scenario, the Japanese yen may start to gain strength against the US dollar, causing the USDJPY pair to decline. However, it is important to note that technical analysis tools are not always accurate, and market participants should also take into consideration other factors, such as economic events and political developments that may affect the currency pair's performance. Traders may use technical analysis indicators like the RSI in conjunction with other technical analysis tools to make informed trading decisions.
Short
by awaisulabdeen
USDJPY | Perspective for the new week | follow-up detailsThe Japanese Yen advanced during the most part of the previous week, capitalizing on sustained weakness in the US Dollar as markets bet on a Fed Reserve's hint on a potential pause in the Federal Reserve’s rate hike cycle making it one of the viable safe-havens. However, the employment expansion in April was 73,000 beyond expectations, moving the jobless rate a notch lower to 3.4% from a previous 3.5% and making it difficult for the Fed to consider stopping raising interest rates. In this regard, the Greenback may likely capitalize on this theory to gain some traction in the coming week(s). From a technical standpoint, this video highlighted the chances both sellers and buyers have from the current market condition(s) in the coming week(s). 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
USDJPY - Bullish price action ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bullish OB. Now I see only bullish price action and my target is new BOS. Fundamental analysis: Tomorrow we have news on USD, will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD