THERE IS POSSIBILITY WE COULD GET A PRICE DECLINE!!!Price has been building up high liquidity around the price level of 155.630. Ahead of upcoming economic reports from both UNITED STATE & JAPAN. We may likely see price fall to 150.310
JPYUSD trade ideas
USD/JPYhello traders, in my opinion, the usd/jpy pair is again a favorable zone for selling, it is in a very good condition, there is also a retest condition, and I am waiting for the market to fall, believing in the confirmations, what are your thoughts and how do you analyze, leave your opinion in the comments, it is very interesting for me
USD/JPY short (1 min entry)The last thing you need to know is the 1 min entry.
Once you know which zone you are waiting for this is an explanation of how to enter the trade. (I explained the zones on my profile, go there and have a look).
I don't sell courses, I trade. If you need help, contact me and I will help you.
Fundamental Analysis 11/21/24Hello,
Welcome back to another fundamental analysis of our foreign exchange pairs. My name is Miles Johnson, and I am a price action trader.
Today, I have observed that most of our fundamental indicators are not aligning with our potential trading setups. This presents additional risk to any trades we may initiate. Therefore, please exercise caution and adjust your risk management accordingly.
During our chart review today, it appeared that JPY was the dominant currency and exhibited strength. Consequently, I will be focusing on JPY pairs and cross-referencing them with weaker currencies to identify potential trading opportunities with the lowest risk.
It is important to note that not all of our valid setups will exclusively be paired with currencies that have projected weakness. Fundamentals do not solely indicate market performance; rather, they serve as a confirmation of market power. Therefore, it is crucial to consider this aspect when evaluating fundamental indicators.
thank you,
Possible Trade on USDJPY After a bullish break of structure and applying the Fibonacci tool. I can identify discounted prices for entering long position and target the newly created swing High.
USDJPY - Possible Outcomes20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
Dear Friends, your interest motivates me:
If you find my analysis helpful, please boost and follow me for future analysis at your service.
How I see it: (Short Term)
A clear break above 155.00 is required for more bullish action.
If price is held down by 20SMA, we could see some bearish pressure from here on end.
A clear brake and hold below 153.00, can possibly drive price down to 152.00.
*** Overall Sentiment Remains Bullish on Higher TF's !
I deeply appreciate you taking the time to study my analysis and point of view.
Keynote!
The most important to consider always, before you leap:
When you jump in the river, make sure you swim "WITH" the current.
USDJPY Long OpportuityThere is a long position opportunity with buy stop order on Right shoulder compltion levels and SL below the Head with TPI on RR1:1 , till TP 3 based on projections of head to neckline length.
USDJPY.. Potential Long ?? whataya think?Daily - Up
4H - Correction (Down)
Higher chance to be supported on D pitchfork
Around 61.8% Fib Level on D timeframe
Around 4H demand zone
USDJPY SELL ANALYSIS RISING WEDGE PATTERNHere on Usdjpy price form a rising wedge and likely to fall as line 154.458 has broken so trader should go for SHORT and expect a profit target of 151.322 and 147.328 . Use money management
USDJPY - The weakness of the yen will stop?!The USDJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of correction due to the release of economic data this week, we can see demand zone and buy within that range with appropriate risk reward. Breaking the downtrend line and the specified resistance range will pave the way for the currency pair to rise to the supply zone. We will sell currency pairs in that range.
Bank of Japan (BOJ) to Release Review of Monetary Policy Tools
According to Reuters, the Bank of Japan (BOJ) is set to release the findings of a comprehensive review next month, evaluating the advantages and drawbacks of various unconventional monetary policy tools employed over the past 25 years to combat deflation. This review is seen as a symbolic step towards ending BOJ’s era of massive stimulus measures.
The report will include findings and surveys that justify BOJ’s plan to gradually normalize its monetary policies. The review’s results are expected to be published after the final BOJ policy meeting of the year, scheduled for December 18–19, and may include a potential rate hike from the current level of 0.25%.
Japan’s ruling coalition, comprising the Liberal Democratic Party (LDP) and Komeito, has reached an agreement with the opposition Democratic Party for the People (DPP) on an economic stimulus package. The package includes cash handouts for low-income households, subsidies to assist with utility bill payments, and additional investments in artificial intelligence and semiconductors.
The three parties have agreed to raise the income tax threshold and continue discussions on reducing gasoline taxes. This agreement requires legislative revisions to be addressed during next year’s parliamentary session. Following the ruling coalition’s loss of its majority in the lower house, DPP’s support has become crucial for advancing the package. However, some economists have expressed skepticism about the package’s limited impact on boosting consumer spending.
BOJ Chief Kazuo Ueda’s Remarks:
Kazuo Ueda, the BOJ Governor, stressed the need for the government to monitor medium-term financial sustainability. He stated that the policies of the new U.S. administration will be closely examined and integrated into Japan’s economic outlook as a key priority.Ueda also highlighted the transformative impact of generative AI on the financial industry.
Massive Treasury Bond Sell-Off by Japan and China
Meanwhile, Bloomberg reports that Japan and China, two of the largest holders of U.S. government debt, sold significant amounts of U.S. Treasury bonds during the third quarter of this year. Japanese investors offloaded a record $61.9 billion worth of these bonds in the quarter ending September 30, while Chinese funds sold $51.3 billion in the same period, marking the second-largest volume recorded. These sell-offs occurred ahead of the U.S. presidential election and Donald Trump’s victory.
USD/JPY longAs I explained in the previous post this entry would be image number 2.
To the left you will see how I marked where the bank came in and that was the zone I was waiting for but they decided to reinvest (marked with a $) and that's why I find my entry there.
I am currently in a trade and I have moved my stop loss to breakeven, take profit is marked with a red line.
Have a nice day.
Read The USDJPY MarketLet's Look at USDJPY Chart and Read Price Actions in last days to decide what can we do with The Market <3
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Safe-HaUSDJPY Daily Analysis: Slight Bearish Bias Expected Amid Safe-Haven Demand and Fed's Dovish Tone 21/11/2024
Introduction
USDJPY is projected to hold a slight bearish bias today, driven by the strength of the Japanese yen as a safe-haven asset and the persistent dovish stance from the U.S. Federal Reserve. Weakening U.S. economic indicators and geopolitical concerns further fuel bearish sentiment, providing downward pressure on the currency pair. This article explores the fundamental and technical factors shaping USDJPY’s performance and offers insights for forex traders.
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Key Drivers Influencing USDJPY Today
1. Increased Safe-Haven Demand for the Japanese Yen
The Japanese yen (JPY) remains supported by ongoing safe-haven demand amid global uncertainties. Heightened geopolitical tensions and concerns about slowing global growth have led investors to flock to the yen, exerting downward pressure on USDJPY.
2. Dovish Federal Reserve and Weak U.S. Dollar
The U.S. dollar (USD) continues to struggle as the Federal Reserve signals a cautious stance on monetary tightening. Recent U.S. data, including softer retail sales and cooling inflation, reinforce expectations that the Fed will maintain a pause in interest rate hikes. This dovish sentiment weakens the USD, further contributing to the bearish outlook for USDJPY.
3. Japan’s Stable Monetary Policy
The Bank of Japan’s (BoJ) commitment to its ultra-loose monetary policy remains unchanged. However, speculation about potential tweaks to its yield curve control strategy has bolstered the yen’s strength, adding to the bearish tone for USDJPY.
4. Technical Weakness in USDJPY
From a technical perspective, USDJPY has broken below key support levels, with momentum indicators suggesting further downside potential.
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Technical Analysis Indicators
Moving Averages and RSI
USDJPY is trading below its 50-day moving average, signaling sustained bearish momentum. The Relative Strength Index (RSI) is trending lower but remains above oversold levels, indicating room for further declines without a reversal.
MACD and Support Levels
The MACD shows a bearish crossover, underscoring the pair’s downward momentum. The next significant support level lies at 147.00, which, if breached, could open the door for additional declines.
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Conclusion
With strong safe-haven demand for the yen, dovish Federal Reserve signals, and bearish technical indicators, USDJPY is likely to maintain a slight bearish bias today. Traders should monitor U.S. economic releases and geopolitical developments, as they could introduce volatility and influence sentiment.
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Could the price rise from here?USD/JPY is reacting off the pivot which acts as an overlap support and could rise to the 1st resistance which has been identified as a pullback resistance.
Pivot: 154.66
1st Support: 153.44
1st Resistance: 156.54
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usdjpy“Every trader has strengths and weakness. Some are good holders of winners, but may hold their losers a little too long”
– Michael Marcus
USDJPY FORECASTYen pairs looks very promising as we can see they have already grabbed liauidity from above. I just decided to opt with USDJPY as my favorite for today. And I just stsy patience waiting for the market to allow me to get into it!
USDJPY H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 155.19, which is a pullback resistance.
Our take profit will be at 154.25, a pullback support that aligns with the 61.8% Fibo retracement.
The stop loss will be at 156.10, a pullback resistance level.
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SHORT SIGNAL - DAYTRADINGThe main participants in this market are the larger international banks. Financial centers around the world function as anchors of trading between a wide range of multiple types of buyers and sellers around the clock, with the exception of weekends. Since currencies are always traded in pairs, the foreign exchange market does not set a currency's absolute value but rather determines its relative value by setting the market price of one currency if paid for with another. Ex: 1 USD is worth X CAD, or CHF, or JPY, etc.
Potential bullish bounce off overlap support?USD/JPY is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 154.69
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 153.62
Why we like it:
There is an overlap support level.
Take profit: 156.56
Why we like it:
There is a pullback resistance level.
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Usdjpy long is looking good USD/JPY looks good for a long position. I mentioned earlier this week that USD/JPY would go up, while others started selling.
USDJPY Ranging at the momentUSD/JPY is in a strong bullish trend, with the potential for further upside if resistance at 155.50 is broken, focus on retracements to 153.50 - 152.50 for long entries.
USDJPY Buy Trade IdeaHello Traders
In This Chart USDJPY HOURLY Forex Forecast By FOREX PLANET
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