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
Usdjpyshort
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
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.
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USD/JPY SHORT SETUPHey Guys!
The weekly bias in the usd/jpy is short. In other words, price is likely to reach 129.64 before reaching 137.90.
Moreover, I am willing to take an aggressive short entry on this setup. In this post I explain the reasoning for the bias
as well as how I plan to enter this trade.
That's it! I'll keep you guys updated!
Ken
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
Tokyo Core CPI ScenarioTokyo Core CPI data will be released in about 2 hours, and I am expecting the news to favor the Yen triggering a short. A price above 133.000 signals potential bullish motion.
Sell Entry: 132.200
Targets: 131.900 | 131.650 | 131.475 | 131.300 | 131.050 | 130.850 | 130.620
Support: 130.400
Resistance/SL: 133.000
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USDJPY: Seller SweepWith the majority now in favor of possible buys after breaking out of the declining trendline.
I have gone for a contrarian approach and will be looking for sells in this area.
I have not yet sold but will be looking for something In this area to take price down to 127.
The risk to reward is just an example.
Sell USDJPY SW 030423 14.10📌📌iDea Share Sell USDJPY📌📌
Link :
📍📍Open order 133.6
Sell lim 1 134.35
Sell lim 2 135.1
Sell lim 3 135.9
Sell lim 4 136.45
Sell lim 5 137.15
Sell lim 6 137.7
Tp 131.15
Sl 138.45
Warning !!! (Swing trade must be used pending orders)
!!!Pending orders should be set up lot size step by step
Example
(15,000$)
Open order 0.1 lot
Buy lim 1 0.15 lot
Buy lim 2 0.20 lot
Buy lim 3 0.25 lot
Buy lim 4 0.30 lot
Buy lim 5 0. 40 lot
Buy lim 6 (last order) = 0.1+0.15+0.2+0.25+0.3 = 1.1 lot
Example
(3,000$)
Open order 0.04 lot
Buy lim 1 0.05 lot
Buy lim 2 0.06 lot
Buy lim 3 0.07 lot
Buy lim 4 0.08 lot
Buy lim 5 0.10 lot
Buy lim 6 (last order) = 0.04+0.05+0.06+0.07+0.08 +0.1 = 0.4 lot
!!When any pending orders are open and the profits are covered by loss it is up to your decision.!!
USDJPY Movement for the weekLast Friday showed the struggles between buyers and sellers with almost full bodied candles negating each others movement on a supply zone.
As we can see on the chart, price currently struggled to get above the supply/resistance zone but it wasn't successful, and with the last 3 red candles we saw on Friday, I am of the opinion the BEARS are back.
I won't say for sure until I see price cross and close below the purple 50 EMA which would make our first target 130.79.
Feel free to comment. Please like and follow for more updates
USDJPY Daily Short SetupBased on Daily chart, USDJPY is currently hovering around 38.2% of a downtrend retracement.
Yesterday's long-legged spinning top pattern with the rising wedge pattern added to the bearish opinion.
Strategy to short USDJPY with stops near 138.7 for at least 1:1 risk-reward ratio.
USDJPY Short RetracementHello everyone,
I hope everyone had an amazing week and trading week. The market has come to a close so I have performed some pre market analysis to prepare for next week. This past week UJ was very bullish and had some serious gains over and broke a daily resistance level at 132.555. Price then proceeded to go higher before hitting the next daily resistance zone at 133.606, where it began a strong bearish drop off. I will be looking for a retracement in the price area of 132.9-133 to enter for a sell once there is a rejection. If there is a rejection in the four hour candle after the retracement and you decide to enter the trade, we are looking for price to drop down into the 131.700 zone.
If you have any question or enjoy this analysis breakdown please like, share, and comment.
USDJPY 31 March 2023Analysis:
Bullish Flag possible continuation pattern
but on RSI we can see bearish Divergence
so this can reversal pattern (DOUBLE TOP).
So we can have two trade plans one bullish
and one bearish we will pick trades by the
help of BUY/SELL stop
Trade Plan (Bullish Setup/Bullish Flag)
Entry (Buy stop) 133.064
Stop loss 132.158
Target 1 133.970
Target 2 134.840
Trade Plan (Bearish Setup/Double Top)
Entry (Sell Stop) 132.158
Stop loss 133.064
Target 1 131.277
Target 2 130.357
NOTE: stoploss 2% or 5% risk of the capital.
Adjust your lot sizes according to your account
size
USDJPY H1Hello traders, USDJPY is setting up for a short term downside move, watch USDJPY in a mentioned yellow box and look there for a short position opportunity according to your own trading system or strategy.
This is just analysis, not the exact trade or any kind of signal that proven with wining or losing % so be sure trade with your own according strategy do not depend on my analysis.
I wish you good luck in trading.
USD/JPY Sell shortPrice has worked as I said. now I am looking for short entry's . personally I used divergence as a good confirmation. Price cloud revers by now from DM level but I am waiting because there is still no sign of divergence .if price go up and make Bearish divergence at red zone or white zone that will be my confirmation for short ..wait and be patient .this is my personal view about this pair .pleas do your own research before you trade and follow your trading rules. Kindly use stop lose for reduce your losses …if u like my analysis plz give me a boost and follow me through trading view.