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USD/JPY pulls back towards support cluster around 133USD/JPY has pulled back from the April high, yet the strong bullish structure of the 1-hour chart suggests it can try to break to a new cycle high. Today’s low has found support at the 20-hour EMA and April 4th high. And volumes are now trending higher, and a bullish pinbar on higher volumes suggests demand above 133, which is just beneath the daily pivot point. • The bias is bullish above 133 and for a break above the April high • The initial target is the daily pivot point, just below 134.50 • A second target to consider is the R pivot, around the daily R2
by CityIndex
USDJPY Outlook 13 April 2023The USDJPY trades along the 133 support level and could see further downside as the DXY continues to weaken. However with the continual divergence in monetary policy between the US Federal Reserve and the BoJ, a rebound to the upside is likely to always be on the cards. If the USDJPY breaks strongly below 133 (and more crucially below 132.70) the price could trade down to 132. Looking for a possible test and rebound from the 132 round number support level
Short
by JinDao_Tai
USD vs YEN | USDJPY IdeaHi traders! As you can see, the long-term trend of the USD/JPY price chart is bullish. But in this direction there are lines and areas that show resistance against price growth. So we will wait for the price to break the first resistance zone ( it's around $133.80 ). USDJPY Dollar vs Yen FX:USDJPY ⚠️🚨 Risk warning, disclaimer: the above is a personal market judgment and analysis based on published information and historical chart data on The trading view, And only some of these analyzes are my actual real trades. I hope Traders consider I am Not responsible for your trades and investment decision. ✅ Please write any advice or suggestions.
Long
by Arash-RK
Joe Gun2Head Trade - AUDJPY correcting?Trade Idea: Selling AUDJPY Reasoning: Start of a C leg lower? Entry Level: 88.91 Take Profit Level : 87.60 Stop Loss : 89.35 Risk/Reward: 3:1 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 11 April 2023With the overnight strength of the DXY, the USDJPY climbed steadily to the upside, as the price approached the 134 round number resistance area. Weakness in the Japanese Yen was also compounded by the statement from the new BoJ Governor Ueda, indicating that large scale monetary easing policy will continue. This was in contrary to the market anticipation that Governor Ueda could trim back on easing. While the USDJPY retraces from the resistance level, look for the price to bounce from either the 23.60% fib level which is also the 133 round number level, or more likely at the 132.60 price level which is the 38.20% fib level and the upward trendline providing support. Further upside on the USDJPY could see the price climb steadily toward the 135 key resistance level.
Long
by JinDao_Tai
3-bar bullish reversal on USD/JPYAfter an extended pullback on the USD/JPY daily chart, we think it is time for the pair to revert higher. A bullish divergence formed with the RSI (2) and a bullish pinbar formed on after a failed attempt to break below 130. Being a round number, there's reasonable chance of demand down at that level, and yesterday's up day is part of a 3-day bullish reversal (Morning Star). - The bias remains bullish above Friday's low, although bulls could seek bullish setups on lower timeframes if prices pull back towards Friday's high - or wait for a break of yesterday's high to assume bullish continuation. - An initial target is around the 38.2% Fibonacci ratio / 133 handle - A Second target could be around the monthly pivot / 200-day EMA / 50% retracement level
Long
by CityIndex
USD JPY - FUNDAMENTAL DRIVERSJapanese yen strength over time. While 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 in H2-2023 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
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
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