USDJPY facing a support areaAfter the last signal in 10/03/2023 to start selling the pair of USDJPY, we will face in near future a historical support area around prices (127.63) and ( 126.55). In that case we should take care of our selling possession.
till now we do not have any indication that we will change our position. in case that will happened, the price mostly will need to reach (133.00) to change our idea about the trend direction.
Usdjpyshort
$USDJPY YEN rollover Q2! LONG YENThis is not a test!!!
Yen is going to gain maximum strength in the next 90 days during the 2nd QTR.
I cannot legally say as to why but the hunch is strong. Looking for a soft rollover to close the month around 130 flat (3/31/23)
Q2 2022 we saw a major short begin on Yen pairs (USDJPY 122-150!)
We are now seeing the retracing PLUS to create a very strong Japanese economy.
THIS SHORT CAN GO ALL THE WAY TO 115! That is how overbought UJ is as a pair.
The Weekly + monthly shows this slow retrace gaining traction.
My FAV is USDJPY and GBPJPY both looking to short.
130.4 is a good entry to prepare for Q2. This can be volatile as many US trading platforms heavily short Yen as a makeshift safe haven.
133.5 can invalidate this short sell.
TP1: 125.1
TP2: 122.1
TP3: 117.2
****NOT FINANCIAL ADVICE****
20 REASONS FOR SELL 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
4:🕛Daily: the price is near to prices support a sharp fall
😇7 Dimension analysis
🟢 analysis time frame: daily
5: 1 Price Structure: dearish inner
6: 2 Pattern Candle Chart: long wick
7: 3 Volume: good volume at the bearish candle
8: 4 Momentum UNCONVENTIONAL Rsi: super bearish zone
9: 5 Volatility measure Bollinger bands: walking on the band
10: 6 Strength ADX: sharp bear dmi up,
11: 7 Sentiment ROC: jpy stronger
✔️ Entry Time Frame: h1
12: Entry TF Structure: right now is bearish,
13: entry move: impulsive
14: Support resistance base: h4 d1
15: FIB: trigger event done
wait for the trend line breakout
☑️ final comments: sell at the opening
16: 💡decision: sell
17: 🚀Entry: 130.604
18: ✋Stop losel:131
19: 🎯Take profit:128.800
20: 😊Risk to reward Ratio: 1:5
🕛 Excepted Duration: 2 days
USDJPY | Perspective for the new week | follow-up detailsThe crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective.
Disclaimer:
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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.
USDJPY SMC tradingPrice is moving in the channel,I took a short trade on the basis of 1h supply zone when price break through that zone i shifted to m15 and wait for the confirmation then i took a trade which gives me 1: 3 reward, that's pretty good the target of this trade is on the basis of last support area
USDJPY M30: Bearish outlook seen, further downside below 131.20Prices are ranging between a key resistance zone at 131.20 and a key support zone at 130.50. A pullback to the resistance zone at 131.20 could present the opportunity to ride the retracement to the support zone at 130.50, which coincides with the 61.8% Fibonacci retracement. Prices are holding below the 20 EMA and Ichimoku cloud, and MACD is showing bearish momentum while ADX is above 25, supporting our bearish bias.
USDJPY H1Hello traders, i am watching price to come around my mentioned area and looking for a next short position opportunity, watch USDJPY in a mentioned area according to your own trading strategy and look for a short position opportunity for a short term trade setup.
This is just analysis
GOOD LUCK & GOOD TRADING
USDJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As we can see here we are in a bearish market structure, so I am looking for shorts. I expect price to continue the retracement as on MACD we have normal divergence which indicates bullish price action. As well I see price to fulfill the imbalance higher and then to reject from bearish order block for a short position.
Fundamental analysis: Tomorrow we have news events on USD. Federal Reserve of USA planned to raise interest rate by 0.25%, also we have FOMC Press Conference the same day. The raise of interest rate means strength of currency this could support our bearish price action.
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UPDATE: USDJPY looking great for downside to 126.48 - SMC updateRising Flag formed on USDJPY
The price broke down and showed further drop to come.
We also had peripherals confirming.
200>21>7 - Bearish
RSI<50
Target 126.48
With SMC (Smart Money Concept)
First when the price broke below the Rising Flag it also made a Change Of Character (CHoCH). This just means, it broke the uptrend and into a downtrend, which confirmed.
In terms of looking for supports (Level of Liquidity), we can look at previous levels.
Which you can see where the target is a LOL and Sell Side Liquidity order block.
I'm happy to keep holding short for now.
USDJPYHi
USDJPY has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
JPY Pairs 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.
USDJPY: GO SHORTSELL USDJPY
ENTRY: 132.25-132.30
STOP LOSS: 134.26
TAKE PROFIT: 126.82
The JPY has been one of the main beneficiaries so far from the loss of confidence in the health of the banking system. While policymakers have taken steps over the past week to address those concerns,
it is not yet clear that they are sufficient on their own to quickly restore investor confidence. A further run on deposits and tightening of financial conditions remains a risk that could trigger a deeper sell-off for risk assets.
As a result, it will be difficult for the Fed to strike a hawkish tone in the week ahead even though inflation remains uncomfortably high. A decision to delay further hikes until confidence returns in the banking sector could open the door to further downside for USD/JPY in the week ahead, and encourage US rate market participants to speculate that the next move could even be a cut. At the same time, the recently released results from the annual
Shunto wage negotiations in Japan could reinforce speculative demand for the JPY in the near-term. The results revealed that Japanese labour unions secured stronger wage agreements for the coming fiscal year. Overall wages are expected to increase by 3.8% and base wages by 2.07%. It is the strongest wage agreements reached since 1993 and could encourage the BoJ to shift away from looser policy in the year ahead.
SIMPLE IS BEST
USDJPY SellUSD/JPY consolidates the biggest weekly loss since January while bouncing off a five-week low to 132.50 during early Monday. In doing so, the yen pair tracks the recovery in the US Treasury bond yields to begin the key week on a firmer footing after marking a three-week losing streak in the last.
That said, the US 10-year Treasury bond yields rise six basis points (bps) to 3.49% while the two-year counterpart also adds five bps to print a 3.93% coupon at the latest. It’s worth noting that United States two-year Treasury bond yields marked the biggest weekly loss in three years while the 10-year counterpart dropped the most since early January.
USDJPY h1 main trend is still down. The price is currently in a short correction span. With this pair, traders can wait to sell down around 133.40, SL: 134.00, TP: 131.70
USDJPY Diagonal Triangle Formation Hello everyone,
UJ has previously broken structure from my previous demand zone. Seeing this we are now waiting for price to retrace back to where price broke structure. Once we see that price pulls back and is rejecting in that price point after the 4 hour candle closes, that will be the best time to enter the trade. I wish you all a great week and trading week, if you agree with my analysis please leave a: like, comment, or both.