Get started

Usdjpyshort

Where To Next 900 Pip Move On The Cards??I've had to look at the 2 week chart for a clearer picture of the directional move for this pair as you can see on the chart there is a nice UNTESTED SUPPLY/SELL zone that starts at 134 which is also a resistance area. What I would expect to see next on this pair is for price to pop up towards the 134 zone and then SELL off so I will be looking for sell signals on the TRFX indicator as we approach this price or go above it into the SELL zone. The for this move will be a NEW low in the current downtrend as you can see on the chart a nice target for this is the 125 level which is a previous strong resistance which should now act as a solid support and nice target for bears. This trade may take a few weeks to play out though if it goes as expected above then there is 900 pips or more to be made on this pair. Hope you enjoyed the post comment below if have any questiions
Short
by TheFxAce
8
USDJPY 4H: 09/02/2023: Short opportunity! Main Idea: Well, here in the USDJPY chart we can see the bearish structure and we can expect the price to move downward. For that, the price can rise till the supply zone and then with a low time frame confirmation, we can enter. You can see all the important zones and levels on the chart. If you have questions, feel free to ask. 💡Wait for the update! 🗓️09/02/2023 🔎 DYOR 💌It is my honor to share your comments with me💌
Short
by VahidTradingCR
1
USDJPY Trading Plan - 8/Feb/2023Hello Traders, Hope you all are doing good!! I expect USDJPY to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
2
USDJPY - Daily Trade Idea - 8-Feb-23USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
1
JPY weakens on BoJ rumor and strong US jobs The Japanese yen has fallen past 132.50 per dollar (from 129.00 last Friday), reaching its lowest point in four weeks following reports that the government is considering Bank of Japan Deputy Governor Masayoshi Amamiya as the next central bank leader. Amamiya is seen as the most dovish of the potential candidates, putting an end to hopes of the BoJ normalizing its monetary policy after years of ultra-easy measures. However, the Japanese government has since denied the rumors that they had approached Amamiya and maintains that the new BoJ Governor will be announced sometime in February. Recently, the Japanese central bank maintained its ultra-low interest rates and yield control policy, despite speculation of a policy change. Current BoJ Governor Haruhiko Kuroda stressed the need for a sustainable 2% inflation target, accompanied by rising wages. The yen was also affected by a strong dollar due to positive US jobs data, indicating that the Federal Reserve has room to raise interest rates. In January 2023, the US economy created a surprising 517K jobs, the largest increase since July and well above the 2022 monthly average of 401K, easily surpassing the market prediction of 185K. The job growth was broad-based, with the biggest increases in leisure and hospitality (128K), professional and business services (82K), and health care (58K). Last week, USD/JPY had a noteworthy 4-hourly candle close from a technical viewpoint, breaking through the descending trendline and the psychological 130.00 level. The new 4-hourky open was in the form of a Hanging Man candlestick, with no upper wick, indicating bearish stagnation or a reversal. If we do see some retracement the 200-day moving average could act as support just below 131.00. On the weekly view of the chart, upside resistance suggests 132.90, 133.90 and 134.40 could be points of contention for the pair.
by BlackBull_Markets
Looking for trend continuation USDJPY – the week of 06 Feb The USD had a massive recovery on Fri, it made up all the losses of the previous 8 trading days. But price is now within a major s/r zone located near the 131.50 level. Price is below the 200 and 50 dma, the slope of the 50 sma is to the down side and I retain my bearish bias on this pair. The previous high has also not been broken. I am looking for some signs that the downtrend is resuming and will go short if I see that happening. I will monitor PA on H4 chart and look for a double top/engulfing candle/a break of a trendline that may form or a bounce off the 50 EMA as factors of confluence to my bias. Initial target can be at 127.70 that could be extended if price action indicates that. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Short
by Trading_Vista
USDJPY showing mixed signals - Bullish starting biasDownward channel has been clearly performing over the last couple of months. Before we saw an INverse Cup and Handle which brough the price to our first target. This continued downtrend however, is seeing potential signs of upside. First the RSI is touching the 50 and has turned a Green backgroun. The Price has currently broken above the channel, but will it last? I am going to choose the bullish bias and set a target at 137.50. If it turns back down it's going to 122.00. Hence I'm having a Neutral view with a bullish bias. If that makes sense haha.
by Timonrosso
USDJPY - Daily Trade Idea - 2-Feb-23USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
USDJPY Breaks Into SellUSDJPY finally makes a directional breakout after ranging across resistance and support ranges of 130.600 and 129.400 . The FOMC Press Conference caused a downward spike in pricing that I expect to continue after NY market close and JPY open based on the hourly chart. I have based my analysis on the last time UJ saw current price points in mid-Jan 2023. Sell Entry: 128.500 Targets: 128.350 | 128.200 | 128.030 | 127.900 | 127.770 | 127.600 Support: 127.360 Be sure to like this post and let me know what you think in the comments below!
Short
by DollarYenQueen
2