Usdjpysignal
sell setup for usdjpythe price is too close to the weekly resistance, so we expect the price will reject it making a correction
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
<<<<<<< like and follow >>>>>>>>
USDJPY refreshes multi-year highs Technical indicators for the pair remains strongly bullish. The pair is poised to break above 118 handle.
Next major bull target lies at 118.66 (Dec 2016 high). On the flipside, daily cloud is strong support, weakness only on break below.
The major is extending bullish streak for the sixth straight session and has refreshed multi-year highs.
Russia's attack on a large Ukrainian base near the border with NATO member Poland escalated fears of third world war.
USD/JPY - Fundamentally Bullish In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen.
1.) Higher Interest Rate in the U.S
2.) Bond Yield Differential
3.) High U.S Inflation pushing Rate Hikes From Federal Reserve
We also have some key technical levels to watch out for at 120.00 on the exchange rate.
USDJPY eyes trendline resistanceUSD/JPY extends gains amid improving market risk, eyes trendline resistance at 116.35
The pair is extending bounce off 55-EMA and daily cloud support, rises for the 3rd straight session
Price action is above the daily cloud, Chikou span is biased higher
Momentum is strongly bullish, Stochs and RSI are biased higher
USD/JPY trades with a bullish bias. Scope for test of Wedge top at 116.35. Bullish invalidation only below 55-EMA.
USD/JPY Short Opportunity Ahead Of NFP USD/JPY has formed a bearish pin bar candle from its resistance trendline zone, indicating the USD?JPY may drop.
Several times USD/JPY tried to break below the trendline support, it couldn't. JPY is a safe-haven currency. Usually, it was supposed to be a strong JPY. However, that didn't happen during Covid and Russia-Ukraine issues.
It was not supposed to be the weaker JPY during the crisis. But it mainly happens for the bank of japan's decision.
They intervene in the JPY and make it weak to support their economy. But if the crisis stays a long time, BOJ may be able to weaken JPY for a long time. So, I think it is the best time to buy JPY for the future.
If today's NFP print is positive, USD/JPY may rise slightly, but it won't last long. From its immediate resistance level, I hope USD/JPY will drop nearly to its trendline support zone.
Though I am not expecting that the USD/JPY will break below the trendline support today, it has a chance if the NFP prints super negative.
And if the Russia-Ukraine conflicts rise more hopefully, next week USD?JPY will break below the trendline support, at least USD?JPY won't go above 117.00 as long as the crisis exists.
Based on all the factors, I remain selling on USD/JPY.
USD/JPY Analysis: JPY will be strong against all currenciesDuring the Asian season, Putin ordered to attack Ukraine. Ukraine says that Kyiv is under attack from the cruise and ballistic missiles.
So, safe-haven JPY will dominate all currencies and especially commodities currencies. S0, USD/JPY, AUD/JPY, NZD?JPY and CAD/JPY are at risk of dropping more and more.
So, let's check out my USD/JPY chart.
USD/JPY Sell 114.50
Stop-loss above 116.50
Target zone 1: 112.85
Target Zone 2: 111.00
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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 top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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- Lower high in placeAfter a bearish Pin Bar in 115.50 zone resistance followed by another bearish long-tailed rejection candle, UsdJpy has dropped under the important 115 figure.
At this moment we can consider that a lower high is in place and expect continuation to the downside.
Rallies above 115 should be sold and bears could target 112.50 support zone.
A daily close above 115.50 would negate this scenario
USDJPY top-down analysisHello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. 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.