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Usdjpyshort

USDJPY BEAR SWING RESUMEEOur USDJPY bear swing paused about 300 pips ago and created a temporary bottom from which we took short term buys from After a nice run of 200+ PIPS we are EXIT the shorts. Now USDJPY should resume its bear swing on the route to new lows. From a technical aspect this retracement has come up to retest the overall trend at the 38 Fib level. Normally I would be expecting a further correction, up to the 50 area but under these economic conditions I expect USDJPY to resume its bear trend at a much more aggresive rate than most trends. Right now the "Carry Trade" is about to work against the dollar, as outflows continue to pull USDJPY down. Make no mistake there is a LOOONG way for this pair to fall still. We are emtering longs with stop losses above the recent "Lower high" If for some reason the bullish momentum were to resume, I would still be looking to SELL USDJPY around the 50 fib or 134 area. Theres not much to update on the fundamentals. The US economy is still heading towards recession faster than the FED RESERVE can control. Yen has a long way to go before it becomes "overvalued" in this environment currently. USDJPY sells will always be the safer option for the near term.
Short
by NakedTrading4U
1
20 Reason for Buy USDJPY 🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: a bullish trap and, after it, a solid inside candle 2:📆Monthly: confirm high and choch market making a deep corrective move now may make a further down base more significant trend 3:📅Weekly: choch and fresh high market going down, forming a low 📈 7-Dimension Analysis 🟢 Analysis Time Frame: Daily Price Structure: The price structure is currently bullish, indicating a potential upward trend. Pattern Candle Chart: The failed head and shoulder pattern, as well as the twizzer pattern, suggests that the market may be experiencing a shift towards the bullish side. Volume: Although there is a significant amount of bearish volume in the market, the price is not able to make lower lows, indicating that the volume may be an execution sign of the end of the bearish move. Momentum (UNCONVENTIONAL RSI): The RSI is currently between 60 and 40, suggesting a consolidation or sideways movement, with multiple supports at the 40 level. Volatility Measure (Bollinger Bands): The market is exhibiting a classic W pattern, indicating a potential trend reversal. Strength (ADX): The ADX is almost neutral, suggesting that the market is in a period of consolidation. Sentiment (ROC): Using the rate of change, the USD is currently stronger than the JPY. ✔️ Entry Time Frame: H1 Entry TF Structure: The H1 structure is bullish, indicating a potential upward trend. Entry Move: We need to wait for the end of the corrective move before entering the market. Support Resistance Base: We need support of the OB current move. FIB: Drawing a trendline from the upper side breakout is necessary. ☑️ Final Comments: Wait for the correction to end before entering the market. 💡Decision: Buy 🚀Entry: 131.856 ✋Stop Loss: 131.490 🎯Take Profit: 133.686 😊Risk to Reward Ratio: 1:4.63 🕛 Expected Duration: 5 days
Long
by Optimum369
USDJPY Short 4hrGood afternoon, I hope everybody had an amazing week and trading week and grew one percent in all areas. The market was very bearish for the first couple of days and then began its retracement going bullish around early Wednesday morning. Price fell from 133.600 to 130.600 before beginning the retracement to the upside.This week i'm predicting that UJ is still in a bearish market and is only currently in a corrective state. In this snapshot you can see that price has broken the uptrend trend line and is currently potentially moving up in correction. I am predicting that price is going to reject at the gold zone of .618 on my fibonacci continue the downtrend bearish market. I am looking for price to move up to 132.565 area and for price to reject. If price is rejecting and stays that way causing it to close below that zone once the four hour candle closes, I will be looking to take my entry. I am looking for price to drop to my next demand zone at price point 130.560. I believe price will drop lower, however the goal is to make trades that make sense where you'll have a higher chance of hitting TP. I'm open to all feedback and questions, please do not hesitate to comment and interact. If anyone agrees with my analysis or has a similar set up please like, share, and comment.
Short
by NoPumpFakesFx
USDJPY SellUSD/JPY is testing support this morning after a pullback developed in the early portion of this week. To end Q2, I had highlighted a key spot of resistance in USD/JPY at the 133.09 level, and after a bit of struggle that level held as resistance with prices pushing down for a test of support that sits just above the 130 handle. While the carry trade drove the pair higher for the first nine months of last year, that theme was flipped upside down in Q4 as US rates started to fall. After the first quarter of 2023, that theme very much remains center-stage for global markets. That move in Treasury rates over the past six months wasn’t prodded by the Fed, however, as the Central Bank continues to talk up the prospect of more rate hikes. But as the horizon grew more opaque last year, capital flows into Treasuries, particularly longer-dated Treasuries, helped to invert the yield curve with longer-term Treasuries yielding less than that of shorter-dated issues. USDJPY long term trend is still down. Currently on the h1 chart the price is consolidating sideways in the 130.70-131.30 zone. Recommend waiting to sell down around 131.30, SL: 131.60, TP: 129.90
Short
by VTmarkets
USDJPY Short-Term Continued SellExpecting the DXY to fall some more as there is a small gap left to fill, which should result in a continued short for USDJPY. MA chart indicators are also signaling more downward movement for the pairing. Pricing may initially find support around the 130.620-130.420 price area, and either push back up into bullish motion or retrace back down to support price 129.750 . Sell Entry: 131.300 Targets: 131.050 | 130.850 | 130.620 | 130.420 | 130.270 |130.000 | 129.870 Support: 129.750 Be sure to like this post and let me know what you think in the comments below!
Short
by DollarYenQueen
USDJPY SellThe Japanese Yen recorded a rather timid end to the month of March surrendering some of its gains recorded in the early part of the month. The 9th of March brought the SVB Bank saga to the fore and fears around a potential fallout saw the Yen benefit as investors fled toward safe have assets. Overall sentiment has since improved, the last week of March saw the Yen take abit of a beating with the Euro in particular putting in some impressive gains. EURJPY is currently trading back at the level it was prior to the SVB fallout, around the 145.00 level as the Yen remains weak this morning. Taking a look at the currency strength chart below the Yen is the second weakest currency as the European session kicked into gear. USDJPY h1 main trend is still down. After a short accumulation at the end of yesterday, the pair is now showing signs of continuing to decline. Recommended sell to current price 131.50, SL: 132.10, TP: 130.60
Short
by VTmarkets
USD/JPY some more correction in 1H TimeframeHi Dears If you look carefully at the chart of the USD/JPY, you can see that we have to continue our bearish momentum until to reach the base of the pole. But why? First of all, we had an SR line at around 131.764 that the price Engulfed later and made an FTR zone, and also the price pulled back to it later so we can say that we have a flag limit (FL) zone. This FL zone was Engulfed later on 5 April and when this happened, we expect the price to reach the base of the pole. Sincerely Hosein Poursaei
Short
by hosein-9879
USDJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we can see price changed the character, which means I will look for longs. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 131.000. Fundamental analysis: We have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
USDJPY SellUSD/JPY slides to 132.20 while extending the week-start reversal from the highest level in a fortnight. That said, the Yen pair’s latest losses could be linked to the downbeat US Treasury bond yields, as well as softer data, not to forget upbeat comments from Japan Prime Minister Fumio Kishida. After assuring the stability of the financial system at home, Japan PM Kishida pledged more investment to please the Yen pair sellers. “It is necessary to speed up private investment through green transformation bonds to promote decarbonization domestically,” said Japan PM Kishida. USDJPY main trend is still down. Currently on the h1 chart the price is consolidating short waiting to break down. With this pair traders can sell to current price 132.20, SL: 132.80, TP: 131.20
Short
by VTmarkets