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Usdjpyshort

SHORT - USDJPY (2 Jul 2023)Position Trade - USDJPY *Need confirmation Monthly: - 6M, 3M and monthly chart shows that price is continuing to make higher prices As price has broke historical price, any trades for BUYS need confirmation. Going by the trend, price is expected to rebound downwards to demand zone. Therefore, traders can look for confirmation sells before going big on BUY trades. Daily - Price needs to break the demand zone (highlighted) in the Daily chart before the SELL zone can be activated In the long run, this pair is more profitable in LONG trades than SHORT trades. Once SELL orders are activated, the P/L needs to be managed closely. LONG trades can be found in the Weekly Chart (purple lines)
Short
by angieh
SHORT - USDJPY (D) (30 May 2023)Position Trade - USDJPY In the Monthly Chart, - Price is showing exhaustion after rallying and is in correcting itself back to the Supply zone - Hence, there are aplenty of SHORT opportunities in the lower TFs - Also, if one place a trade from the FRESH MN area, do prepare to hold for a long time. - The chart candles formed are also good and strong ones, compared to the MESS to the left of the chart A pending SELL limit order has been placed on the Monthly chart on 30 May 2023 In the Weekly Chart, - For smaller risk, find the zone to sell from In the Daily Chart, - There are 2 zones to sell from
Short
by angieh
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY, focusing on its bullish and bearish sentiments through price action analysis. Join us as we uncover potential trading opportunities for the upcoming week by identifying key support and resistance levels within the 4-hour timeframe. On Friday, the Japanese Yen experienced a decline after a three-and-a-half-day struggle, fueled by the strengthening of the US dollar. This was in response to Federal Reserve Chair Jerome Powell's reiterated stance on the necessity of additional rate hikes. During his two-day testimony before Congress, Powell emphasized that U.S. interest rates may rise at least twice more this year to counteract high inflation. Market reactions to Powell's comments led to a significant increase in the likelihood of further rate hikes in July, with markets pricing in a nearly 75% chance of such action. Data released from the Japanese economic docket on Friday indicated that consumer inflation slightly exceeded expectations for the 12-month period up to May. However, a core reading excluding food and fuel prices surged to a 42-year high, indicating persistent inflationary pressures in Japan. These trends are placing increased pressure on the Bank of Japan to consider tightening its monetary policy, although the bank has recently reiterated its commitment to maintaining its ultra-loose policy. Nonetheless, the potential for Japanese monetary policy tightening may contribute to a resurgence in the yen, which has faced considerable downward pressure due to the dovish stance of the Bank of Japan. Additionally, the Japanese currency is rapidly approaching levels that could prompt government intervention in currency markets. USDJPY Technical Analysis (Price Action): In this video, I offered an extensive analysis of the USDJPY market's current structure, with a primary focus on price action-based technical analysis. Special attention was given to key support and resistance levels within the 4-hour timeframe, uncovering potential trading opportunities for the upcoming week. Notably, I highlighted a key level around 143.900, which was recently tested and represents the highest price reached this year. The market's response to this level at the start of the new week will play a pivotal role in determining the direction of price action in the upcoming week. Stay connected to my channel, follow my updates, and actively engage in the comment section to stay informed about further technical developments in the USDJPY market. I wish you the best of luck this week as you navigate the USDJPY market. 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.
by darcsherry
1
USDJPY: USD's miraculous recovery journey with JPY downturnS&P500 futures have recorded slight losses before the market opens as investors are being cautious about the upcoming speech by Federal Reserve (Fed) chair Jerome Powell at the European Central Bank (ECB) forum of Central Banking. Investor sentiment has become more risk-averse as they hope that Powell will continue to express a cautious stance. The US Dollar Index has experienced a significant increase, supported by expectations of a cautious approach from Powell and stronger US Durable Goods Orders data. The US Census Bureau reported that Durable Goods Orders grew by 1.7%, surpassing the market's expectation of a 1% decline. This data for May has outperformed the previous figure of 1.2% in April. Jerome Powell is expected to provide a cautious approach as core inflation in the US economy remains persistent and labor market conditions continue to be tight, despite higher interest rates and strict credit conditions set by commercial and regional banks. On the other hand, a Reuters survey suggests that the Bank of Japan (BoJ) may intervene in foreign exchange (FX) movements if the Japanese Yen weakens to 145.00 against the US Dollar. Japanese Finance Minister Shunichi Suzuki reiterated his commitment to respond appropriately to excessive FX movements if necessary. Later this week, the market will closely monitor Tokyo
Long
by Sphyn-Trader
4
Big intervention from JPYBased on fundamental data, it is to process an intervention on currency to improve overall economic conditions in their country. In the technique analysis, I could tell that this is the big uptrend from Q3–Q4 2022. That means it will be a chance to have a correction wave to create a base for institutions to take their time and place their position in the market. I've used these techniques to analyze a short position order to capture a reverse trend: Elliott waves + Harmonic pattern + Support and Resistance (Volume profile) + Fibonacci. But USDJPY still has a chance to go up and break all the rules until the BoJ next move.
Short
by Midnight_Trader
2
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese yen experienced a slight decline as the Bank of Japan maintained its ultra-loose policy. However, it managed to recover some of its early losses following the BOJ decision, though it remained close to seven-month lows against the dollar. The BOJ opted to keep interest rates unchanged at record lows and expressed its intention to continue the yield curve control policy in support of economic growth. The bank also forecasted above-average strength in the Japanese economy for the year. The yen had been weighed down by expectations of a dovish BOJ, especially as the Federal Reserve signaled a relatively hawkish stance, indicating a widening gap between Japanese and U.S. interest rates. While the Fed had previously paused rate hikes, it foresees at least two more increases this year due to inflation trending above the central bank's target range. Nevertheless, weak U.S. economic indicators such as slowing industrial production, steady jobless claims, and sluggish retail sales raised doubts about the extent to which the Fed could continue raising interest rates. Anticipated higher U.S. interest rates for a longer period are likely to restrict significant gains in Asian markets. In the upcoming week, we will focus on economic events from both the U.S. and Japan, including the BoJ Monetary Policy Meeting Minutes and the Fed Chair's testimony before Congress. How will these events impact the USDJPY from a technical standpoint? During the video, I provide detailed analysis of the USDJPY's bullish and bearish sentiment, primarily focusing on price action-based technical indicators. We identify key support and resistance levels within the 4-hour timeframe to uncover potential trading opportunities. Notably, we highlight a significant level around 142.000 that was recently tested, and how market participants react to this level at the start of the new week may play a critical role in determining the direction of price action in the upcoming week. Stay connected to our channel, follow our updates, and engage in the comment section to stay informed about further developments in the USDJPY market. 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.
by darcsherry
USDJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I am looking for longs. I want to make a retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 142.000. Fundamental analysis: This week on Thursday we have news on USD, will be released quarterly GDP. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
Mutiny Sends Ruble to Lowest in 15 MonthsMutiny Sends Ruble to Lowest in 15 Months In one of the most turbulent trading sessions this year, the Russian ruble reached its lowest point against the US dollar in nearly 15 months on Monday. This decline followed the failed mutiny attempt by The Wagner group’s armed mercenaries over the weekend, which caused significant concern among traders. Initially catapulting to approximately 87 rubles per US dollar, the ruble later recovered some of its losses, settling at around 84.40, down 0.90% against the greenback. The Wagner group, led by troops loyal to their leader, made an unexpected advancement toward Moscow, covering hundreds of miles before eventually reversing course. In a deal struck with the Kremlin, it is reported that the group's leader, Prigozhin, will go into exile in Belarus. This incident is regarded as the most significant challenge to Vladimir Putin's rule and could weaken his leadership. The armed uprising also caused volatility in other markets. The international benchmark, Brent crude, rose by 0.8% to approximately $74 per barrel. The trading volume between the Russian ruble and Tether's USDT nearly quadrupled from $4 million on Saturday to $15 million on Sunday. In other developments, the Japanese yen strengthened by 0.11% against the US dollar, trading at 143.50 per dollar. Vice Finance Minister for International Affairs, Masato Kanda, stated that Japan was not ruling out intervening in the currency markets again. He expressed concerns about the yen's rapid and one-sided depreciation against the dollar. Japan previously intervened in the foreign exchange markets in September and October of the previous year when the yen hit a 32-year low of nearly 152 per dollar.
by BlackBull_Markets
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.
Short
by DesharedPierreJr.
1