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Usdjpysignal

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
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by Gold_Trading_Expert
USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
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by SmoothJB
USD/JPY analysis ahead of the US inflation reportsUSD/JPY bounced off the one-week top yesterday and stayed firmer around its intraday high of late. This week, we've seen another missile test from North Korea, which may lead to further sanctions being put in place by the US. We also saw Fed Chair Powell testify at a hearing about economics and potential new measures to fight Omicron (a related virus). All this news provides a lot of focus on covid variants. That helped JPY to dominate other significant currencies. As a result, JPY became strong against most of the major currencies. USD/JPY consolidated the recent losses around 115.30, rising for the first time four days during early Tuesday. The risk barometer pair portrays the market's cautious optimism amid recently positive comments from US Federal Reserve (Fed) Chairman Jerome Powell and covid updates. However, inflation fears ahead of Wednesday's US Consumer Price Index (CPI) data challenge the USD/JPY bulls. The market's sentiment towards the US FED members remains hawkish, with worries around potential economic issues and a cure for the coronavirus- its variants. Fed Chair Jerome Powell made hawkish comments in prepared remarks this morning, which could be seen as a significant favor to positive risk-on moods. Additionally, words from Merck's official saying, "Expect Molnupiravir mechanism to work against omicron any covid variant," could also be seen as positive for risk appetite. However, what should note that market players remain cautious ahead of today's testimony from Fed Chair Powell and Wednesday's US inflation data. If the US cannot manage to keep their in under control, USD/JPY may drop and test nearly 112.00 From the present rate, 115.65 is the immediate resistance, and swing high is the 116.35 price zone. Technical Analysis Last week USD/JPY tested 116.35 zones; what was the trendline resistance. Technically it was supposed to drop from that level. But Omicron and other issues help to drop more than 100+ pips. From the present rate, immediate support is identified at the 114.70 price zone. So, I am expecting USD/JPY may test the 114.70 price zone very soon. Then investors will wait for the inflation reports. If the US inflation reports print positive, USD/JPY may bounce back to the swing high 116.35 area or immediate resistance 115.65 area. On the other hand, if the US inflation reports drop and Omicron spreads more than expected, USD/JPY has one more chance to test the 112.00 price zone this week.
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by Gold_Trading_Expert
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USDJPY Reversal Pattern - Turning BEARISH? 3 Options For Entry! Hi All, As you can see, I am bearish on USDJPY. I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term. Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells! I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you. Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair! Have a great and profitable week all! Cheers, Gaspar_Trader
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by Gaspar_Trader
USDJPY | Strong Bearish Trend. When it comes to USDJPY , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
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by maxprofwizard