USDJPY Week of Sep 29th AnalysisInverted Head & Shoulders on 30 min.
Bullish Divergence on 15m, 30m, and 4H.
Daily Bullish Divergence with falling flag indicating a major reversal soon.
USDJPY.P trade ideas
USDJPY Structure CreationKeep in mind day by day new data is printed which can change analysis bias but based on current data on most time frames it's giving a higher probability that price will continue to go higher.
USDJPY Trading IdeaBased on Simple Technical Analysis ( Trendline + Support & Resistance )
Risk Disclaimer:
Please be advised that I am not telling anyone how to spend or invest their money. Take all of my analysis as my own opinion, as entertainment, and at your own risk. I assume no responsibility or liability for any errors or omissions in the content of this page, and they are for educational purposes only. Any action you take on the information in these analysis is strictly at your own risk. There is a very high degree of risk involved in trading. Past results are not indicative of future returns. Good luck :-)
USDJPY - Testing Support Level, Potential for a ReboundUSDJPY has arrived at a significant support zone and is currently retesting this level. While the support seems to be holding for now, the market sentiment still appears cautious. If we see further confirmation of a bounce, such as bullish candlestick patterns or increasing volume, there could be potential for upward movement. However, it's important to monitor the price action closely, as a breakdown below this level could invalidate the bullish outlook.
USDJPY SELLFrom the higher timeframe perspective, the overall trend is down 👇, whereby LH/LL have been created, and we now have a test of the supply zone on daily timeframe with a bearish momentum to downside. On H4 we have an IRL(FVG) targeting the last swing low. I preferred entry at the zone with a market structure shift for a Sell Bias.
USDJPY Approaching Breakout: Will it Reach 147.21 or Pull Back?2H Chart
Current Price: 144.252
After analyzing USD/JPY on the 2-hour chart, the price has broken through the major support and resistance level at 143.750. It is now approaching the upper boundary of a falling wedge, marked as the Breakout and Reversal line. We anticipate that this line could act as a barrier and potentially reverse the price if the bullish momentum isn’t strong enough. After reaching the breakout line, the price may pull back to consolidate strength before breaking through, leading it toward our price target of 147.217.
On the 2-hour chart, the price is trading above all moving averages, and the RSI is currently at 65.12. On the other hand, if the price breaks through the support at 142.44, we expect it could decline further, potentially reaching 139.57.
USDJPY SELLSAs i got this going down there are two good scenarios that could happen for us to get a good entry on lower tf. Tell me what you think
USDJPY - DOWNSIDEAnalysis on screen. I like the look of this if price does retrace back to minor support
USDJPY D1 As we can all see clearly, USDJPY on the daily time is currently on a downtrend which alot will happen before will get to the daily demand area the change direction back to the upside
Usdjpy could be seeing a turn ,mindful of spikes on monday Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Chart wise it seems to be heading more to the downside resuming its downtrend.the friday's move was due to the election in japan. Now that the result is out, let's see how the market react on monday.
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
-- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! --
*********************************************************************
Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
*********************************************************************
Beautiful example of what I look for in the market!!This is the setup that I look for personally on all pairs these are the highest probably the highest probability trades to look for in any pair whether indices, currencies, commodities etc.
USD/JPY Swing Bearish Sell SetupHello,
I anticipate for there to be a reversal on the 23-25th of September. To continue with the bearish weekly trend that USD/JPY has been following since mid year. Some of the reasons as to why I forecast a projection can be illustrated below.
USD/JPY will soon be reacting off of a trendline, furthermore price action will soon be retesting the 800 EMA and 800 SMA (moving averages) - specifically on the 4H time frame. Furtheremore, price action is coming near a massive supply zone. I believe the reversal will be had in either the New York session of September 23rd, or the London and or New York session of September 24th.
Stay followed for updates
Analysis of USD/JPY D chart fail On the daily (D) chart, I made a mistake when I marked the P Higher Low and assumed it was a new Low. However, it is not considered a low until the price makes a Higher High (HH) or a Lower Low (LL). THIS IS VERY IMPORTANT TO REMEMBER.
The P Higher Low was merely an inner structure liquidity (LQY) created as a trap to lead us to make mistakes and lose part or all of our capital.
Now that we see the structure is bearish and that the price has returned within the IC at the last High, we also see an opportunity for a sell, which was not visible in my previous analysis because I was looking for a BUY in that area—indicated by the blue line.
On this chart, we can see a perfect bearish structure that I missed by thinking it was a Higher Low instead of inner LQY.
When we return to the weekly (W) chart and look at the bigger picture, we see that the take profit (TP) on the D chart is very realistic, which means I would consider going for a sell at this moment until I see a real break of structure (BOS) on the D chart or 4H.
It is crucial to master structure and trend following!
Analysis of USD/JPY CorrectionI will highlight the lines and squares that I corrected in purple, specifically those I did not analyze in the previous analysis for USD/JPY on the weekly (W) chart.
1. I did not analyze where the High/Low is located.
2. I did not notice that a W break of structure occurred.
3. *When we look from the LOW area related to the IC to the next HIGH, the price increased at a much slower pace. When we compare that area with the price movement from the last HIGH to the area where the BOS was created, we see that the price moved significantly faster. We can easily see this by counting the candles from area to area.
4. The last bullish candlestick is just a pullback before another drop.
The break of structure is just one of the confirmations that a potential structure change has occurred. For the confirmation to be complete, we need all of the following:
1.BOS
2. LH
3. LL
4. LH
This applies to all types of timeframes.
What could happen now is some sort of pullback before the structure changes, and we will certainly monitor this on lower timeframes. This also aligns with the analysis for EUR and GBP, as if we expect EUR to rise, GBP will also rise, which means USD will fall.
Analysis of USD/JPY / failNow I will share my analysis where I made mistakes to better understand the essence of the analysis. In this analysis, I prepared my setup for a buy but missed a sell opportunity where I could have captured over 400 pips in one day. Specifically, I was waiting for the price to return within the IC to open a buy position, and this is how it looks.
The next analysis will be of the same currency pair on the same chart with corrected fails.
USDJPY Analysis: Anticipating a Slight Bearish Bias for Next WeeUSDJPY Analysis: Anticipating a Slight Bearish Bias for Next Week
Date: 28/09/2024
As we look ahead to the coming week for the USDJPY currency pair, a slight bearish bias seems likely based on the latest fundamental factors and market conditions. Several key drivers contribute to this outlook, and in this article, we'll explore the factors that may weigh on the USDJPY pair, creating potential opportunities for traders.
1. Dovish Signals from the Federal Reserve
One of the primary drivers for USDJPY's potential bearish bias next week is the recent dovish shift in the Federal Reserve's tone. While the Fed has maintained a firm stance on keeping interest rates elevated to curb inflation, recent economic data in the U.S. suggest that inflationary pressures may be easing. If the Fed signals a slower pace of tightening or hints at rate cuts in the future, this could weaken the U.S. dollar, pushing the USDJPY lower.
The key phrase here is "inflation slowdown," as this could be the primary focus in upcoming economic releases. Traders should keep a close eye on any updates from Federal Reserve Chair Jerome Powell and other policymakers, as dovish commentary could lead to further USD weakness.
2. Japan's Central Bank Policy
On the other side of the coin, the Bank of Japan (BoJ) continues its ultra-loose monetary policy. While the BoJ has resisted raising interest rates, there have been increasing discussions around tweaking its yield curve control (YCC) program. If the BoJ surprises markets by adjusting its policy, this could provide a boost to the Japanese yen, exerting downward pressure on USDJPY.
The BoJ's governor, Kazuo Ueda, has emphasized that they will remain accommodative, but with inflation in Japan beginning to rise, markets may start to price in a more hawkish BoJ in the near future.
3. U.S. Economic Data and Dollar Sentiment
U.S. data releases, including the upcoming non-farm payrolls (NFP) report and the core PCE (Personal Consumption Expenditures) index, will be crucial in shaping the USDJPY trend next week. A weak NFP or lower-than-expected PCE inflation figures could weigh on the U.S. dollar, contributing to a bearish outlook for USDJPY.
Additionally, geopolitical tensions or unexpected developments in global markets could drive safe-haven demand for the yen, pushing USDJPY lower. With risk-off sentiment growing due to uncertainties in global markets, the yen may see inflows as investors seek safety.
4. Technical Analysis
From a technical perspective, USDJPY has been hovering near key resistance levels, and the pair’s inability to break higher could signal a pullback. If USDJPY fails to hold above the 149.00 level, it could retrace toward the 147.50 and 146.00 support areas. Short-term momentum indicators, such as the RSI (Relative Strength Index), are showing signs of overbought conditions, further supporting the potential for a corrective move lower.
Conclusion
In summary, the USDJPY currency pair could experience a slightly bearish bias next week, driven by dovish signals from the Federal Reserve, potential shifts in Japan’s monetary policy, and weaker U.S. economic data. Traders should remain vigilant about key data releases, Fed speeches, and any surprises from the Bank of Japan. As always, proper risk management is crucial when navigating currency markets.
Stay tuned for more updates on USDJPY and other forex pairs. As we enter a potentially volatile week, it's essential to monitor these key drivers and make informed trading decisions.
Keywords: USDJPY analysis, Federal Reserve policy, Bank of Japan, USDJPY bearish bias, forex trading, USDJPY technical analysis, USDJPY forecast, U.S. economic data, dovish Fed signals, forex trading signals, tradingview analysis
Analyze USDJPY Chart in All ScalesLet's Look at USDJPY Chart and Analyzing Price Action to Read The Market of this Chart and Find Some Trade Opportunities, Good Luck With Your Trades <3
USDJPYstrong bearish momentum after london session jpy fall steright 4 yen down, shock all the market, according to data yen may fall near 140, in my prediction it may sweep liquidity as well.
looking at the chart simply understand .
let me know what you think. leave a comment below.
GBPJPY: Inverse Head and Shoulders calls the bottom.GBPJPY got oversold on its 1D technical outlook (RSI = 28.124, MACD = -0.770, ADX = 29.222) as it was rejected today on the 1D MA50. On Sep 16th it touched the bottom of the long term Channel Up and rebounded, while the 1D RSI has been on a bullish divergence. We expect this bottom to be in the form of an Inverse Head and Shoulders. We are aiming for the 1D MA200 and the 0.5 Fibonacci level (TP = 150.500).
See how our prior idea has worked out:
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
USDJPY: WeeklyThe breaking of the upward trend line has been confirmed and we expect the price of this currency pair to decrease by two targets. as follows:
Step 1: 130.4
06
Step 2: 127.22
0
