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Usdjpysignal

USDJPY UPDATE: SELLUSDJPY IS A NO-GO AREA. IT'S DROPPIN SOON. If you already have gone long on usdjpy, then exit now because I am currently looking at a strong sell. Take your profit and get out. Don't be greedy. As for me, I will never buy this pair due to its market condition. It's going to form a double-top pattern after this candle closes. So, why wait? It's time to sell it. If you have sold it already, then hold on to your trade. But don't forget to place a proper stop loss.
Long
by OraclePips
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - By this time USDJPY was very well BUY with US DATA being POSITIVE. So the JPY automatically went down. The other reason is that MARKET RISK is OFF. - At the moment, the MARKET is taking a bit of RISK OFF, that's why the JPY is going up. According to the USDJPY ANALYSIS we gave earlier, the USDJPY UPSIDE WAVE is going UP around 90 ++ PIPS. I hope you get it. - There is definitely a high possibility that USDJPY will go down a bit and move to 137.375 LEVEL. The reason for that is because the MARKETS RISK is already on, so it can happen. After that USDJPY price can go up to 141.798 LEVEL. We focus on MARKET UPDATES and MARKET SENTIMENT.
by benny_marshall
2
USDJPY technical analysis traddingClosing the session on August 23 is a bearish candle that encloses a cluster of bullish candles on August 22. In the H4 chart, a strong bearish candle appeared, although a few bullish candles appeared and formed the Inside bar combo formed by the previous bearish candle. So in the H4 chart, wait for the confirmation candle to break the inside bar candlestick pattern to clear the trend. Combined with the 30 and 50 EMAs, a crossover has appeared. Therefore, we prioritize short positions. Conclusion: Sale: 136.9 SL: 137.8 TP1: 135.9 TP2: 134.8
Short
by PhamNgocTu-Forex
USDJPY still bullish.A few words about the current market. Two weeks ago I wrote: The whole macro picture is still so weak that I find it really hard to write down: we're in a reflation trade now. I don't know how long it will last, but my guess is: until we get a sense how the September FOMC meeting might play out. Yes, we are still in that trade, everybody hates it (including me), because fundamentally we shouldn't be. But we see it everywhere: The market is ignoring hawkish Fedspeak It's ignoring hawkish data (NFP last week) It's rallying on dovish data ( CPI this week) Sector performance is reflationary, high-yield spreads are narrowing, breadth is strong, the Aussie is performing, Commodities are off lows and so on I still don't believe it's going to last, but for now it is what it is. So, again I reiterate my main message from the last two weeks: Strong opinions, weakly held. Being nimble. Trading the market, not expectations. That's going to be even more essential for the coming weeks.
Long
by xxpqxx999
USDJPY - Buy/Long at Pullback/Support - Uptrend ContinuationUSDJPY Buy/Long Buy 134.385 Looking to buy at this level to see the continuation of the uptrend, this could be a good pull back level and this buy zone is previous resistance which could turn support. Also lines up with the 0.382 Fib level, (0.50 Fib Level is also covered by our stop los), should price decide to hit that.) After Fridays NFP results, US printed stronger than expected employment figures so I think we will continue to see bull strength. Stop: 133.828 Stop has been set at this level, i have given the 0.382/buy zone some breathing space, also as mentioned previously 0.50 fib level is covered within this stop area. if price hits stop I would no longer believe price is respecting this zone and would look for another buy opportunity at 133.00 level. TP: 136.630 Take profit has been set at 136.630 - this is a key Daily support/resistance area. Look at moving stop to break even and trailing profit.
Long
by dinomalik
Time to go long USDJPY?For the time being should not hesitate to take additional easing measures if necessary. It is appropriate for the Bank to maintain the current forward guidance for the policy rates. In this situation, it is appropriate that the Bank encourage wage increases through monetary easing, aiming to achieve the price stability target in a sustainable and stable manner. Given that a rise in some determinants of underlying inflation , such as services prices, and CPI inflation exceeding 2 percent in a stable manner have not come in sight, it is natural to continue the current monetary easing.
Long
by xxpqxx999
USDJPY has formed reversal on daily, possible drop!!USDJPY( Daily) was in a bullish move for the long term. The price action only daily has created a reversal pattern and on the close of the monthly candle, we could see deeper retracement and a potential drop in USDJPY. We see a double top, followed by a head and shoulder and, today's daily candle has just tested the neckline of this double as resistance and strongly rejected. At the same time, daily head & shoulder has lower highs on the right side. As the monthly & weekly close is nearing, there is highly likely that USDJPY will come for a deeper retracement to the downside!! If you like this analysis. Do not forget to like and comment to help the idea. Thank you!!
Short
by ForexWizard01