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USDJPY Outlook 6th April 2023The USDJPY has been trading steadily to the downside, primarily due to the weakness of the DXY. As the USDJPY found the 130.50 price area (78.6% fib level from the longer term) overnight, price rebound slightly but continued to consolidate at the 131.20 price level, with the resistance level at the 131.70 level (38.2% fib level) and the downward trendline possibly capping significant upside potential. Look for the USDJPY to retest the resistance level before trading lower again, with the key support level at the 129.80 price level.
Short
by JinDao_Tai
GBPJPY Long IdeaI want to see price take out yesterdays lows; to collect liquidity (black shaded box) Correlating with market structure I want to see price reject the 15 minute order block (greenish box) and push into the FVG (target1). I see this happening due to the amount of bullish price action within the last day. I believe that this market is trying to entice sell trades, even though market structure hasn't been broken. Thus the long trade being the better move in my opinion. The risk to reward for this trade is minimum 1:3, however if I see a quick move I will be holding the trade further (on the chart its a 1:4) I only risk 1% maximum per trade. Please comment below your thoughts and ideas.
Long
by Charl13Scrutton
Joe Gun2Head Trade - Still below the downtrend on the dailyTrade Idea: Selling EURJPY Reasoning: Still below the downtrend on the daily Entry Level: 144.659 Take Profit Level: 142.39 Stop Loss: 145.42 Risk/Reward: 3.2:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDJPY Outlook 3rd April 2023Currently, the price action on the USDJPY indicates the formation of a bullish ascending triangle (in fact as I type this, the price looks to be breaking to the upside, but still need for a confirmation signal) With the price rising on the bullish trendline and the interim resistance level of 133.60, a breakout to the upside could lead to a significant upside on the USDJPY, especially if the strength of the DXY drives it. Although the round number level of 134 could provide brief resistance, the key resistance level of 135 could be a possible target for this potential bullish breakout.
Long
by JinDao_Tai
Joe Gun2Head Trade - Intraday reversal on AUDJPYTrade Idea: Selling AUDJPY Reasoning: Intraday reverseal, break of a short term channel. Entry Level: 88.906 Take Profit Level: 87.44 Stop Loss: 89.42 Risk/Reward: 2.8:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDJPY Outlook 31 March 2023The USDJPY climbed steadily to the upside, reaching the 133 resistance level overnight (this was discussed in the post on the 29th and during yesterday's webinar), with a continued push to the 133.50 price level early in the trading session today. As the USDJPY retraces from the 133 resistance level, if the price breaks below the bullish trendline, a more significant correction to the downside could be expected, with the key support level at 131.70 (61.8% fib retracement level) and the interim level at 132.35 (38.2% fib retracement level). However, if the DXY bounces from the 102 support level, this could drive the USDJPY higher, with the next major resistance level at 135
Short
by JinDao_Tai
UJI am seeing this melt for quite a bit before it breaks out of this channel and continues the bullish trend. We are still in the pullback, ZOOOOOOOM THE FCKU OUUT and you'll see there's quite a bit before the bigger trend. UNLESS If we have a break to the upside and retest then we have to prepare for a very volatile market because demand is on the upside but provide before the correct time will lead to false breakouts and blown accounts. This will be to account for the demand as supply won't be able to keep up. So to keep moving the car will go around collecting fuel from all the cars that have other mechanical or electrical failures and aren't moving.
by Mhangwane1
USDJPY Under Pressure! Sell! My dear subscribers, USD/JPY looks like it will make a good move, and here are the details: The instrument tests an important psychological level 132.6. Bias - Bearish. Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Target - 131.9 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
4
USD/JPY BEAR SWING RETRACEMENTUSD/JPY bear swing was absolutely beautiful, but we are not done yet Usdjpy has a looooong way to drop still, the impending US recession is not going to be pretty and the moment the market gets a single whiff of hawkish-ness from the BoJ, this pair will sink to the bottom of the ocean like ATLANTIS In the mean time however it looks as though the bear swing has run out of some steam, and a healthy retracement is in store. Fundamentally DADDY JPOW just raised the US rates by 25 basis points, which in all likelihood will bring some short term support to the dumpy dollar. Either ride USDJPY to the Yellow or Green zones, depending on how strong momentum and price action is.
Long
by NakedTrading4U
2
USD JPY - FUNDAMENTAL DRIVERSWhile the yen underperformed during the global monetary tightening phase, in our view the currency will likely outperform as tightening cycles eventually come to an end and central banks turn to easing. Yen outperformance over time should also be supported by U.S. recession as well as recent actions by the Fed, which have made U.S. dollar liquidity more readily available. And while the likelihood of a hawkish Bank of Japan (BoJ) monetary policy shift has perhaps diminished a little, if the global financial sector proves surprisingly resilient, the risk of a further policy adjustment from the BoJ could still reinforce the outlook for yen gains over the medium term as well.
by thunderpips
1
USDJPY Outlook 28 March 2023*slightly messy chart* Mistakenly used this analysis profile during the live stream, but it still presents several very valid points. Yesterday the USDJPY was trading higher bouncing off the 130.60 price level, and climbing steadily to the 131.70 price level, despite the consolidation on the DXY. The 131.70 price level was crucial as it coincided with - 61.80% Fibonacci retracement level - bearish trendline - formation of the inverted head and shoulder pattern With the anticipation for a resumption of weakness on the DXY, we were looking for the price to reverse from the bearish trendline to trade back down to the 129.80 price level, with a slight hesitation at 130.60. At the current price level, with the USDJPY sitting above 130.60, a continuation to the downside can be expected, especially if the DXY continues to weaken. Look for the price to retest the key support level of 129.80. Although the next support level is at 128.15 (last tested in February) it is unlikely that the price could reach this level by today.
Short
by JinDao_Tai
1
USDJPY Outlook 27 March 2023Initial expectation was for the USDJPY to break below the 130 support level and trade significantly to the downside, with the next key support level at 128.13. However, on Friday, the DXY recovered in strength which saw the USDJPY bounce from the 130 support level to trade up toward the 131 interim resistance level. While the bearish trendline continues to apply downward pressure on the USDJPY, look for price to break above 131 to climb toward 132 which would coincide with the 61.8% fibonacci retracement level and the bearish trendline. However, any moves to the upside could be brief with the USDJPY likely to continue trading lower, toward the 130 and 128 key support levels.
Short
by JinDao_Tai
1