USDJPY: Breakout bullish channelEven if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter.
Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control.
On the other hand, an eight-week-old uptrend, with a slowest near 144.30, limits the immediate upside of the USD/JPY pair.
Usdjpyshort
USDJPY retracement at the highAfter a few indecision candles at the high, followed buy a volume push up to a major resistance, I became alert that a bearish setup might present. Friday closed off with a variation of a bearish engulfing. When price closes beyond a price then closes right back beneath it its a sign that this price is being rejected. Naked analysis tells us that the 1hour chat has already began its downward momentum. A minor double top formed. My short entry was based on the high volume bearish engulfing re-test at the neckline. The 30MIN chart has begun creating its lower highs and lower lows. This is a short scalp. the buy will likely present later in the week.
#USDJPY 4H | 1H Sell🔘Broke the structure on the 4H timeframe
🔘Broke the structure on the 1H timeframe (confirmation)
If we break the red level on the 1H timeframe, we we'll go a little higher before drop, but if we break the red level on the 4H timeframe, the analysis becomes invalid🙅♂️
Good luck 🙌💪
USDJPY Daily AnalysisUSDJPY has been in an uptrend for a while after breaking my weekly keyzone. Price is presently at a resistance level. I expect price to break the resistance and continue the uptrend, or price will get rejected and possibly reverse back to the keyzone below as marked in the chart.
What's your bias on this pair? kindly like and share your thoughts below
USDJPY Analyst Hello everyone! I want share my idea about USDJPY.
On that chart we have pretty bullish trend which came close to 1W key LVL which at 142.250. we need to be careful because both of them indexes are in bearish trend but what we are looking now USD is stronger than JPY.
I am waiting for touch that LVL I have also short order on that LVL for catch little price movement.
At the moment for me am trying to find short entry, but overall trend is bullish.
Here you can see also my price prediction how it will go.
BE PATIENT!!!
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Time for a pullback in USD/JPY? Best level to sell + 137 PipsDear traders, similar to other JPY pairs, USDJPY has also rallied heavily in the past
few days. However, in the hourly chart, we are seeing that UJ is turning bearish
with 141.90 level as the resistance.
I have already sold at 141.82 and currently holding my sell with a TP at 140.70.
SL has been placed above the resistance zone highlighted in my chart .
Wait For The Trigger in USDJPY!Hi
It seems that there is a possibility of a break in the half-hour time frames.
I placed a bet inside the chart if the half-hour candle closes below the blue dashed line, there is a possibility of achieving goals 1 to 3.
To avoid losses, be sure to pay attention to the trigger of entering the trade.
If you like my analysis, please support me with like, comment and follow, my friend!❤️
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar.
The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications of a weakening labor market in the US, the release of May's consumer prices index just before the central bank officials' interest rate discussion holds significant importance.
While the Japanese Yen struggles to gain an advantage, investors anticipate that the Bank of Japan (BoJ) Governor Kazuo Ueda will maintain the current policy. Governor Ueda has consistently emphasized the necessity of monetary stimulus to maintain inflation above 2%, primarily through increased wages and robust household demand.
During the video, I detailed the USDJPY's bullish and bearish sentiment, focusing on price action-based technical analysis. We identify key Support and Resistance Levels in the 4-hour timeframe to identify potential trading opportunities. Notably, highlighted a robust demand zone around the 138.800 area that has consistently counteracted selling pressure in recent weeks, indicating the strength of buyers at this level. This zone may play a crucial role in determining the direction of price action in the upcoming week.
Stay tuned to this channel, follow our updates, and engage in the comment section to stay informed about further developments.
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
BOJ News ReleaseExpecting USDJPY to drop due to this evening's BOJ news release and press conference. Based on the nature of the news and market indicators, there is a strong chance that the developments favor the Yen over USD. If price goes over 141.500 there is a chance for a buy.
Sell Entry: 140.000
Targets: 139.680 | 139.360 | 139.000 | 138.700 | 138.245 | 137.815 | 137.440 | 137.045 | 136.585 | 136.300
Support: 136.100
Resistance/Stop Loss: 141.500
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USDJPYA Indecision pullback to resistanceUSDJPY is in an intraday uptrend again. The overall trend is bullish however I believe that this is a re-test of the former high and based on how price is approaching the resistance it doesn't signal much bullish strength anymore. Price is currently at a high of an untested zone, the all time high and a Daily evening star pattern.
USDJPY: Movements in a volatile market!The hurdle for raising rates this month is higher, implying fresh US Dollar falls
The Consumer Price Index (CPI) report is the final significant piece of information before the bank's decision. However, it's doubtful that it will alter the current situation. The bank's inclination to take a break, as indicated by May's Nonfarm Payrolls and echoed by Fed Chair Jerome Powell, suggests that they will stop raising interest rates. As bond markets haven't priced in this possibility entirely, there's potential for the US Dollar to weaken further in conjunction with returns on US debt.