USDJPY.P trade ideas
USDJPY Short Fakeout Trade - 2nd entryUSDJPY Short Fakeout Trade - 2nd entry
We closed above Weekly High with and return below the zone then we broke the Weekly high again and return below again.
Stop Loss 10 pips above the new wick: 144.788
Take Profit: 144.022
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
USDJPY Short Fakeout TradeUSDJPY Short Fakeout Trade
We closed above Weekly High with and return below the zone, structure became bearish
Stop Loss 10 pips above the new wick: 144.824
Take Profit: 144.002
1. R:R 1:1, 0.5% Risk
2. After reaching TP closing half and moving SL to Breakeven
3. Trailing the rest with market structure on M15 and later H1
Close the loser before hitting full SL if price moves back to the breakout level without follow-through.
Close the winner if a reversal signal forms (e.g., engulfing pattern, pin bar), especially on higher timeframes like H1.
USDJPY move in range and target 146.7
PEPPERSTONE:USDJPY
Fluctuate in range and will move up to 146.7
2024/09/26 - GSUSDJPY M30 there is a GS formed.
Horizontal Support/Resistance, Diagonal Support/Resistance
Divergence
LOOKING TO BUY INTO USD/JPYUSD/JPY 30M - How we getting on people, I am busy now over the course of the next few days but I wanted to give you this opportunity before I left for the weekend. As you can see price has traded perfectly into an area of interest.
It has shown great signs of rejection and I believe we will see the new impulsive wave take place from here, I believe the correction has finished and the new impulse is ready to be printed, this giving you all a great chance to buy into the market.
As I have done above, look to set your SL below a protected low and set your TP somewhere near mine, this is to ensure that our TP is more than achievable and can deliver us with some brilliant returns with a great RR.
If you have any questions with regards to this analysis please refer to previous analysis as my bias and insight is the exact same, we are simply getting involved on the next leg thats taking price higher.
USDJPY Possible SELL The market is currently testing the current daily Fib area 0.618. Based on 4HR TF, the market seems to be forming a possible reversal chart pattern.
We could see Sellers coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
USDJPY Long Weekly USDJPY looking to continue the next push back up.
It’s broken resistance and trend line
USDJPY / EXPECTED RISING % 5.01 - 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
1. Trend Analysis:
- July: The prices showed a clear downtrend, declining by 14.25%.
- August: The trend was unstable, indicating high volatility. There were alternating movements:
- A rise of 5.01%, followed by
- A decline of 6.60%.
- September (Mid-Month): An expected uptrend is indicated, with a projected rise of 5.01%.
2. Volatility:
- The description of price movements in August suggests significant volatility. The lack of a clear trend could indicate market uncertainty or fluctuations due to external factors.
Technical Analysis:
1. Current Market Condition:
The asset is under bullish pressure , As long as the price remains above 142.231, the bullish momentum is expected to continue.
2. Upward Condition:
- Target 1: If the price trades above 142.231, it's expected to rise to 147.179.
- Target 2: If the price stabilizes above 147.179, the next target is 149.345.
3. Downward Condition:
- If the price falls below 147.179 , it suggests a potential decline:
- Target 1: A decline to 139.713.
- Target 2: If it breaks below 139.713, further decline is expected to 137.306.
#USDJPY 1HUSDJPY (US Dollar / Japanese Yen)
Timeframe: 1-Hour (1H)
Pattern: Rising Wedge
A rising wedge pattern has developed on the 1-hour chart of USDJPY. This pattern is formed by two upward-sloping trendlines that converge as the price continues to make higher highs and higher lows. While the price is trending upward, the narrowing wedge suggests that bullish momentum is weakening, typically signaling a potential reversal.
The rising wedge is considered a bearish pattern, as it often leads to a downside breakout once the price breaks below the lower trendline.
Forecast: Sell
Given the current formation, the forecast recommends a selling opportunity. The price is likely to break down from the rising wedge, leading to a potential reversal and a decline in the pair's value. A confirmed breakdown below the lower boundary of the wedge would signal further bearish momentum.
Technical Outlook:
Resistance Level: The upper boundary of the wedge, where buying pressure could weaken.
Support Level: The lower boundary, where a breakout would trigger a selling opportunity.
Key Levels to Watch: A break below the wedge’s support line would reinforce the bearish forecast, signaling a potential downward move.
Traders should look for confirmation through bearish candlestick patterns or increased selling volume to validate their short positions.
Monitor for key economic indicators, particularly US dollar movements influenced by Federal Reserve policies or safe-haven demand for the Japanese yen, which could impact this pair’s direction.
USDJPY recovers, although USD loses support from interest ratesAccording to CME Group's FedWatch Tool, traders now see a 62.2% chance of the Fed cutting interest rates by 50 basis points at its November 7 meeting, up from 37% a week ago, and a 37.8% chance of a cut. reduce interest rates by 25 basis points. In the future, if the market continues to maintain high probability expectations about the level of interest rate cuts of the US Dollar, the US Dollar will still be under pressure.
This trading day is an important trading day when many key Fed officials speak with US Federal Reserve Chairman Jerome Powell. The content of these statements will affect the Dollar and the exchange rate. The probability of a Fed interest rate cut will then fundamentally affect USD/JPY.
Looking at the daily chart, USDJPY is still on the recovery path and is achieving certain bullish conditions by breaking above the trend price channel and breaking above the 21-day moving average (EMA21).
On the other hand, if USD/JPY continues to maintain price activity above the 0.236% Fibonacci retracement level it will tend to continue to increase further towards the next Fibonacci level at 0.382% price point of 148.113.
In addition, the Relative Strength Index rising above the 50 level also shows that there is still quite wide room for price increases ahead towards the 80 level.
OANDA:USDJPY also forms a short-term trend price channel that is noticed by the price channel, and the short-term trend is leaning towards the bullish trend, and notable technical levels will be listed below.
Support: 142,941 – 141,531
Resistance: 148.113
USDJPY Forecast: Slight Bullish Bias Expected on 26/09/2024Introduction
As we step into the trading session on 26/09/2024, the USDJPY currency pair shows signs of a potential slight bullish bias. This article delves into the latest fundamental factors and market conditions that are likely to drive the pair today. Key economic indicators and geopolitical events will be crucial for traders analyzing USDJPY. If you’re trading USDJPY today or simply following the forex market, this analysis will help you gauge the key factors influencing its movement.
Fundamental Drivers for USDJPY's Bullish Outlook
1. US Dollar Strength Supported by Fed’s Hawkish Tone
A major factor behind the USDJPY bullish sentiment today is the continued hawkish stance from the Federal Reserve. Following the FOMC meeting earlier this month, Fed Chair Jerome Powell reaffirmed that inflation is still a major concern, and interest rates will remain elevated for longer. This has boosted the US dollar’s value, making it attractive against the Japanese yen, which continues to suffer from the Bank of Japan’s ultra-loose monetary policy.
2. Diverging Monetary Policies
The Bank of Japan (BoJ) remains committed to its yield curve control program, keeping interest rates at near-zero levels. With no signs of the BoJ moving toward monetary tightening, the Japanese yen remains under pressure. On the contrary, US interest rates are already among the highest among major economies, pushing the USDJPY pair higher as investors seek better returns in US dollar-denominated assets.
3. US Treasury Yields Influence
The correlation between US Treasury yields and the USDJPY pair remains strong. As of 26/09/2024, the 10-year US Treasury yield has climbed further, supported by expectations of future rate hikes. This surge in bond yields bolsters demand for the USD, leading to upward momentum in USDJPY. Higher yields make US assets more attractive compared to Japan’s negative-yielding bonds, contributing to the bullish bias.
4. Safe Haven Demand Fading
Another factor favoring USDJPY bullishness today is the reduction in safe-haven demand for the yen. Global markets have seen reduced volatility, with no immediate geopolitical tensions or economic shocks driving traders into the yen as a safe haven. Investors are, therefore, more comfortable seeking higher returns in USD assets, adding upward pressure on the USDJPY pair.
5. US Economic Data Releases
Traders will also be closely watching today’s US economic data, including durable goods orders and the weekly initial jobless claims. Positive results in these data sets could provide further impetus for USD strength, reinforcing the bullish bias in USDJPY. On the Japanese side, the absence of significant economic releases today leaves the yen vulnerable to broader market forces.
Technical Analysis Supporting Bullish Sentiment
From a technical perspective, USDJPY is currently trading above key support levels, maintaining upward momentum. The pair is hovering near the psychological level of 150.00, and a breakout above this could further fuel bullish momentum. The RSI (Relative Strength Index) on the 4-hour chart is still in bullish territory, indicating buying pressure. Moreover, moving averages on both daily and 4-hour timeframes are supporting the bullish outlook for the day.
Conclusion
In summary, the USDJPY pair is showing a slight bullish bias as of 26/09/2024, driven primarily by strong US dollar fundamentals, higher Treasury yields, and continued divergence in monetary policies between the US and Japan. Traders should keep an eye on US economic data today, as positive results could propel the pair further upward. For forex traders, positioning for bullish moves in USDJPY could offer opportunities, with key resistance levels coming into focus.
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USDJPY Forecast: Slight Bullish Bias Expected on 26/09/2024Introduction
As we step into the trading session on 26/09/2024, the USDJPY currency pair shows signs of a potential slight bullish bias. This article delves into the latest fundamental factors and market conditions that are likely to drive the pair today. Key economic indicators and geopolitical events will be crucial for traders analyzing USDJPY. If you’re trading USDJPY today or simply following the forex market, this analysis will help you gauge the key factors influencing its movement.
Fundamental Drivers for USDJPY's Bullish Outlook
1. US Dollar Strength Supported by Fed’s Hawkish Tone
A major factor behind the USDJPY bullish sentiment today is the continued hawkish stance from the Federal Reserve. Following the FOMC meeting earlier this month, Fed Chair Jerome Powell reaffirmed that inflation is still a major concern, and interest rates will remain elevated for longer. This has boosted the US dollar’s value, making it attractive against the Japanese yen, which continues to suffer from the Bank of Japan’s ultra-loose monetary policy.
2. Diverging Monetary Policies
The Bank of Japan (BoJ) remains committed to its yield curve control program, keeping interest rates at near-zero levels. With no signs of the BoJ moving toward monetary tightening, the Japanese yen remains under pressure. On the contrary, US interest rates are already among the highest among major economies, pushing the USDJPY pair higher as investors seek better returns in US dollar-denominated assets.
3. US Treasury Yields Influence
The correlation between US Treasury yields and the USDJPY pair remains strong. As of 26/09/2024, the 10-year US Treasury yield has climbed further, supported by expectations of future rate hikes. This surge in bond yields bolsters demand for the USD, leading to upward momentum in USDJPY. Higher yields make US assets more attractive compared to Japan’s negative-yielding bonds, contributing to the bullish bias.
4. Safe Haven Demand Fading
Another factor favoring USDJPY bullishness today is the reduction in safe-haven demand for the yen. Global markets have seen reduced volatility, with no immediate geopolitical tensions or economic shocks driving traders into the yen as a safe haven. Investors are, therefore, more comfortable seeking higher returns in USD assets, adding upward pressure on the USDJPY pair.
5. US Economic Data Releases
Traders will also be closely watching today’s US economic data, including durable goods orders and the weekly initial jobless claims. Positive results in these data sets could provide further impetus for USD strength, reinforcing the bullish bias in USDJPY. On the Japanese side, the absence of significant economic releases today leaves the yen vulnerable to broader market forces.
Technical Analysis Supporting Bullish Sentiment
From a technical perspective, USDJPY is currently trading above key support levels, maintaining upward momentum. The pair is hovering near the psychological level of 150.00, and a breakout above this could further fuel bullish momentum. The RSI (Relative Strength Index) on the 4-hour chart is still in bullish territory, indicating buying pressure. Moreover, moving averages on both daily and 4-hour timeframes are supporting the bullish outlook for the day.
Conclusion
In summary, the USDJPY pair is showing a slight bullish bias as of 26/09/2024, driven primarily by strong US dollar fundamentals, higher Treasury yields, and continued divergence in monetary policies between the US and Japan. Traders should keep an eye on US economic data today, as positive results could propel the pair further upward. For forex traders, positioning for bullish moves in USDJPY could offer opportunities, with key resistance levels coming into focus.
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USD/JPY Breaks ResistanceToday, USD/JPY is holding steady around 145.00, and when I look at the daily chart, I see that the pair has broken the neckline at 144.50, which is a clear sign that the uptrend is gradually returning. This opens up the prospect of stronger growth in the near future.
According to my analysis, as long as USD/JPY holds above 144.70 (with important support at 144.50), we can expect the bullish momentum to continue. My immediate profit target is 147.00, and given the current situation, the possibility of reaching this level in the short term is very positive.
