usdjpyA high-risk sell opportunity because the price is currently near potential buying zones. However, before moving up, it must take the liquidity below the recent low.Shortby charaf_eltraderUpdated 1112
Yen Carry Trade & Rate Hike (BoJ)The USD/JPY pair is likely to fall toward the 140 level as two key factors weigh on the market: the unwinding of the yen carry trade and growing fears of a rate hike by the Bank of Japan (BoJ). For years, Japan’s ultra-low interest rates made the yen a favorite currency for carry trades, where investors borrow yen cheaply to invest in higher-yielding assets elsewhere. However, as global markets face increased volatility and central banks tighten monetary policy, these trades are becoming less attractive. Investors are now unwinding these positions, which involves selling off foreign assets and buying back yen, strengthening the currency and putting downward pressure on USD/JPY. At the same time, the BoJ has hinted it may soon raise interest rates as inflation in Japan shows signs of persistence. Even the expectation of a rate hike reduces the appeal of the dollar against the yen, as higher Japanese rates would narrow the interest rate differential. This makes the yen more appealing and further accelerates the unwinding of carry trades. With these factors aligning, the USD/JPY pair potentially faces significant downward momentum, making a move toward the 140 level increasingly likely.Shortby GER-Quality-Trades116
BOJ’s Ueda hints at rate hike, yen dipsThe Japanese yen is lower on Monday. In the European session, USD/JPY is trading at 150.03, up 0.26% on the day. Bank of Japan Governor Ueda has been hinting about a rate hike and gave what was perhaps his strongest hint on Friday. In a newspaper interview, Ueda said that interest rate hikes are “nearing in the sense that economic data are on track”. Ueda also added that the BoJ has a “big question mark” over the outlook for US economic policy, with Donald Trump taking office next month. Ueda reiterated that the central bank wants to see a sustainable rise by inflation to the 2% target and expressed concern about the weak yen, warning the BoJ could respond with “countermeasures”. The BoJ makes its next rate announcement on Dec.19. Will it raise rates at that meeting or wait until January? The BoJ has done a poor job of communicating its intentions and after the surprise BoJ rate hike in August triggered turmoil in the financial markets. Ueda’s comments may have been an attempt to show greater transparency, although he failed to mention a timeline for the next rate hike. The markets have fully priced in a rate hike by January, with the probability of a December hike at around 60%. In the US, it’s a busy data calendar, highlighted by nonfarm payrolls on Friday. The ISM Manufacturing PMI will be released later today, with a market estimate of 47.5 for November, compared to 46.5 in October. Manufacturing has been in a prolonged recession, with only one month of growth over the past two years. USD/JPY tested resistance at 150.30 earlier. Above, there is resistance at 151.13 There is support at 148.89 and 148.06by OANDA0
YOUR GUIDE TO CANDLESTICK ANALYSIS! What's up guys it's been a while! I know it's the holiday seasons, and that's the best time of year for me. Here is a wonderful present for you all, as a token of my appreciation. Thankful for the supportive and hateful people, not equally of course! 🤣 Anyways.... the things you must keep in mind when utilizing candlestick analysis in your trading are the following, Gs: 1) Understanding the anatomy of a candlestick - images.ctfassets.net 2) Candlestick color - The color of the candles individually matter in structure but also together they tell a story.... three inside down candle stick pattern at a lower high point in market structure for example. 3) Size of the candle - size of candle does matter as it indicates how volatile and wide reaching the market can be that day based on this data. 4) Volume - This one is obvious, Gs. 5) Timeframe of candlesticks being observed - understand candlesticks on higher timeframe hold more weight so they're more valid. (1h+) in consolidated structure on higher timeframe, lower timeframe candlestick structure is what you need to identify breakouts that'll be big on HTF. 6) Candlestick patterns - content.stockstotrade.com 7) Length of wicks on the candles - This is huge because wicks are a direct indication of exhaustion, which BASICALLY is buyer or seller weakness which directly aids me in basically every trade when finding that sniper entry i'm known for! Do not sleep on this step (or any, for that matter, I don't make these for FUN.) 8) Support/Resistance levels - I recommend going to lower time frames in these areas and using steps 2, 3, 6 mixed with timeframe correlation to make a sniper entry. GOODLUCK Gs!Educationby PipSniperJ6685
USDJPY Massive Long! BUY! My dear friends, My technical analysis for USDJPY is below: The market is trading on 149.75 pivot level. Bias - Bullish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bullish continuation. Target - 151.34 Recommended Stop Loss - 148.92 About Used Indicators: A pivot point is a technical analysis indicator, or calculations, used to determine the overall trend of the market over different time frames. ——————————— WISH YOU ALL LUCK Longby AnabelSignals228
USDJPY LONG 1:2 RR15 Minute Analysis 1. MBS to upside 2. FIB (100,72,0) 3. Potential reversal In a position. I am not a financial advisor.Longby SimpleAsItGets4417
USDJPY UpdateDue to the pull back and the slight reversal, I closed my sell limit. 1. Reviewing DXY, we have broken minor structure and looks like we are heading to the upside. 2. If UJ decides to push back up we will see a W pattern. Signifying bullish momentum.by SimpleAsItGets111
#015 DCA USDJPY SellJPY is in a buying mode currently as seen on the 1H and 4H, so now that I have freed up some margin**. I am selling USDJPY because I feel that it is the strongest among all the JPY pairs in my watchlist. It is also trending with the 60SMA on the 4H, 1H and 15 Minutes Time Frame. As I entered on an impulse wave aka Push. I am expecting that price might turn back on a pullback aka Pull. And it would be visible on the chart when the Stochastic 20,1,1 shows overbought. And there I would have my limit sells in place to catch the "falling knife". I might also place market orders in when I feel that it warrants an additional sell position. That's all for now I am going to do some food deliveries so that Anthony Tan could pay off his mortgage on that GCB, or else he would have to sleep on the streets of Orchard Road (crying emoji). **(most of my margin is untouched even though I have 8 or so positions opened.) 1212SGT 29112024 Add : 25.85$ SGD used for margin for 5 open positions. And margin available is currently at 188.04$ SGD. I began the week with 213.5$ SGD and currently am sitting on 213.83$ SGD, all while risking 1cent SGD per pip. 1215SGT 29112024Shortby ProfessionalDuckHunterUpdated 331
Scenario on USDJPY In this market, I'm going exactly according to plan. The market turned beautifully at the fibo level of 0.786 and continued according to the previous prediction according to the bearish scenario. This chart today is just about adjusting the level. Now I'm waiting for a return to the price level of something around 152. If the price rejects, there is a potential entry into the short.Shortby Sony973
Fundamental Market Analysis for December 02, 2024 USDJPYThe Japanese yen (JPY) is declining against its U.S. counterpart at the start of a critical week and is pulling back from part of Friday's strong upward move to the highest level since Oct. 21. US Treasury yields are recovering amid US President-elect Donald Trump's reaction to the threat of 100 percent tariffs on BRICS countries. This, in turn, is helping to revitalize demand for the US dollar (USD) and is proving to be a key factor directing flows away from the lower-yielding yen. In addition, the bullish tone in equity markets further undermines demand for the safe-haven yen. Nevertheless, lingering geopolitical tensions and rising forecasts of another interest rate cut by the Bank of Japan (BoJ) in December should limit larger yen losses. Traders are also advised to refrain from aggressive directional bets and wait for important U.S. macroeconomic data this week, starting with the ISM Manufacturing PMI from this Monday. Consumer inflation data from Tokyo, the capital of Japan, released on Friday showed that core inflation is picking up and bolstered the case for another rate hike by the Bank of Japan in December. Also Bank of Japan Governor Kazuo Ueda said on Saturday that the next interest rate hike is near as economic data is on track, although he would like to see what kind of momentum the fiscal 2025 Shunto program will create. Trade recommendation: Trading mainly with Buy orders from the current price level.Longby Fresh-Forexcast20041
UsdJpy could drop 1000 pipsIn my previous post about USD/JPY, I highlighted the potential for JPY strengthening due to repatriation, referencing similar trends observed last year and usually in December After reaching a high near 157, USD/JPY began to decline and is now testing the critical 150 level. At this point, a technical rebound is possible, but I view it as a selling opportunity. My belief is that repatriation is still in its early stages, and JPY has significant potential for further appreciation. The 153-154 zone appears to be an ideal area to look for selling opportunities. With a stop placed above the recent high and a target near the 141 support level, a 1:4 risk-to-reward ratio could potentially be achieved. Shortby Mihai_Iacob6615
USDJPY ChartThere is Bullish Divergence. We will wait for the breakout of last LH then go for buy tradeLongby AlamdarHaider5
JPY/USD: Key Trading Signals with Confirmation StrategiesTechnical Analysis and Strategy for Japanese Yen (JPY) against the U.S. Dollar (USD) on a 15-Minute Timeframe Technical Analysis: Price Action and Key Levels: Current Price: The price is around 0.006636 USD High: 0.006640 USD Low: 0.006635 USD Resistance Levels: 0.006640 USD, 0.006680 USD Support Levels: 0.006620 USD, 0.006590 USD Break of Structure (BOS) and Change of Character (CHoCH): Multiple BOS and CHoCH points are marked, indicating significant shifts in market structure and potential reversal points. Fair Value Gaps (FVG): Several FVGs are marked, indicating areas where price may return to fill gaps. Indicators: RSI (Relative Strength Index): 28.77 and 39.04, indicating potential oversold conditions. MACD (Moving Average Convergence Divergence): The MACD line is crossing below the signal line, suggesting bearish momentum. Buy Strategy Confirmation: Look for a bullish candlestick pattern forming at a support level (0.006620 USD or 0.006590 USD). Ensure the RSI is below 30, indicating oversold conditions. Wait for the MACD line to cross above the signal line, confirming bullish momentum. Entry: Enter a buy position once the above confirmations are met. Place a stop-loss below the recent support level at 0.006620 USD. Target: Set the first target at the nearest resistance level, 0.006640 USD. If the price breaks above the resistance, trail the stop-loss to lock in profits and aim for the next resistance level, 0.006680 USD. Sell Strategy Confirmation: Look for a bearish candlestick pattern forming at a resistance level, 0.006640 USD. Ensure the RSI is above 70, indicating overbought conditions. Wait for the MACD line to cross below the signal line, confirming bearish momentum. Entry: Enter a sell position once the above confirmations are met. Place a stop-loss above the recent resistance level at 0.006640 USD. Target: Set the first target at the nearest support level, 0.006620 USD. If the price breaks below the support, trail the stop-loss to lock in profits and aim for the next support level, 0.006590 USD. Summary of Signals Buy Signal: Entry: Above 0.006620 USD or near 0.006590 USD Exit/Take Profit (TP): 0.006640 USD, 0.006680 USD Stop Loss: Below 0.006620 USD Sell Signal: Entry: Below 0.006640 USD or near 0.006680 USD Exit/Take Profit (TP): 0.006620 USD, 0.006590 USD Stop Loss: Above 0.006640 USD This analysis and strategy provide a structured approach to trading the JPY/USD pair based on technical indicators and market structure. If you have any further questions or need additional analysis, feel free to ask! 😊 FX_IDC:JPYUSD by Alexgoldhunter3
USDJPY Short 1:2 RR4 HR Analysis - Bearish momentum. 1. MBS to downside (Line) 2. Retracement 3. FIB drawn (100,72,0) 4. FVG (Imbalance candle) (Grey box) Bias: Continuation bearish, slight retrace to continue downward. This is my Idea, in a sell limit position. Not a financial advisor. Shortby SimpleAsItGets2221
Could the price bounce from here?USD/JPY is falling towards the pivot which aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 149.33 1st Support: 146.85 1st Resistance: 151.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Longby ICmarkets7
USDJPYThe clear path for the USD/JPY pair on the monthly timeframe suggests that the price is expected to move toward taking the liquidity above the highs. This means that only buying opportunities should be considered until proven otherwise.Longby charaf_eltrader3
USDJPY NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning The first correction is a diametric. It appears that we have experienced an X wave rally since 2011. I identify this as an X wave rather than part of a larger pattern due to the strength of wave A following the conclusion of the diametric. The X wave is subdivided into a zigzag. To declare the end of the C wave, we would need to see a movement that is faster and stronger than the one observed immediately after the conclusion of wave A. The chart appears unusual to me because it indicates that the dollar will rapidly decline against the yen, as the broader trend for this pair continues to be downward. My reason is simply due to the decline observed during wave C of the diametric.by thekidtrader117
THOUGHTS ON USD/JPYUSD/JPY 1H - This is a very similar set up to the GBP/JPY analysis and this is because the JPY is quote for both pairs we are looking at, as you can see I want the same thing to happen. This is good as it helps build confluence, the fact that both pairs are correlating with each other and so is the analysis is a good thing. I have gone ahead and marked out a more fractal high with this one though. This is just to show a more pre-emptive aggressive approach, once price trades above this we can start to look to go long should the low thats been set at the Demand Zone sticks. This confirms to us that enough Demand has been introduced to flip the S&D balance. Once we have been delivered with that we will wait for price to pullback giving us the opportunity to buy into this market at a better price with a more refined entry.Longby Lukegforex20
USDJPY TRADE SETUPWait for retest the key level and bearish momentum then take a trade for Sell otherwise skip this setupShortby JinnatAlamSumon6
US DOLLAR / YEN SHORT weekly Bearish Red candel FIB works for me Daily: Bw with a ic 4 H: the 4H is still bearish but it can't go down anymore because then it's a forest and then I wait until the price comes to the white zone for an entry but now it can be entered immediately Shortby Stefvdm_2
USDJPYM1 : bearish IMB failing to Hold, Heading towards High W1 : Consolidation D1 : Uptrend 4H : Shifted from Bearish to Bullish And pulled back to 50% Leg 1H : Bullish Narrative : * Monthly is heading towards the high, Weekly and Daily looks a bit Consolidation. * 4H and 1H has shifted from bearish to bullish and 15 Minute also Shows bullish shift in market structure. We can potentially open Long position on Monday Open one Position On Market Execution and another position on 1H OB if price comes to fill the order to the OB.Longby nptrade24Updated 4
USDJPY is forming a bear flag since march2022, it will dumpUSDJPY is inside of a bear flag since march2022 with very strong signs of selling , bearish divergences in the high timeframes alongside with the DXY that aswell is showing strong bearish signs it could reach the lower side of the bear flag at the 140,000 lows and if can't hold there, it will possibly go to the next strong level between 130,000 and 120,000.Shortby Miketubarao4