2024/09/26 - GSUSDJPY M30 there is a GS formed. Horizontal Support/Resistance, Diagonal Support/Resistance Divergence Shortby Johnny_GunnsPublished 0
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. --- Key SEO Keywords for Ranking: USDJPY forecast, USDJPY bullish bias, USDJPY analysis 26/09/2024, US dollar vs Japanese yen, forex trading USDJPY, FOMC impact on USDJPY, US Treasury yields and USDJPY, tradingLongby PERFECT_MFGPublished 0
ERU/USD 26/09/2024EUR/USD let mek now what you think about my analyse goodbye Long05:36by humorousRice21026Published 0
ERU/USD 26/09/2024EUR/USD let mek now what you think about my analyse goodbye Long05:36by humorousRice21026Published 0
USD/JPY BUY REVERSALPrice is breaking out and reversing trend .. You can see. The break and retest of price .. price ready to go longLongby CEEJAYYTRADESPublished 0
Fundamental Market Analysis for September 26, 2024 USDJPYThe Japanese Yen (JPY) remains depreciated against the US Dollar (USD) following the release of the minutes from the Bank of Japan's (BoJ) July policy meeting on Thursday. The yen faces challenges as traders expect the BoJ to ponder before further rate hikes. The minutes of the BoJ's monetary policy meeting expressed a general view among members on the importance of remaining vigilant on the risks of inflation exceeding targets. Several members indicated that raising rates to 0.25 percent would be an appropriate way to adjust the level of monetary support. Some others suggested that a moderate adjustment in monetary support would also be appropriate. Pressure on the U.S. dollar is being exerted by the increased likelihood of further interest rate cuts by the U.S. Federal Reserve (Fed) at upcoming meetings. According to CME FedWatch Tool, markets estimate the probability that the Fed will cut rates by 75 basis points to a range of 4.0-4.25% by the end of this year at around 50%. Traders' attention is now focused on the release of final annualized U.S. gross domestic product (GDP) data for the second quarter (Q2), due later in the day. On Friday, inflation data will be released in Tokyo, which could provide further insight into the economic outlook and possible monetary policy moves by the Bank of Japan. Trading recommendation: Trade predominantly with Sell orders from the current price level.Shortby Fresh-Forexcast2004Published 1
Well... what about USDJPY?There will be two scenario. Either price take that Daily High as liq grab(or inducement) to fall, if that is the case there should be some of these sign: Price consolidate when it about to come to that high, quick grab and fall strong. If not, it would just go straight to the DOL, which i prefer would happen. Make sure to do partials. PeaceLongby ictconceptsvietnamPublished 111
USDJPY 9/26/24💹 Outlook: Price is breaking bullish and accumulating nicely however it is over extended for my liking and would like price tomorrow or later in the week like Friday to re-accumulate into the 10/20 or 50ema even and then start another run higher where I can get involved. Bias: Neutral until we meet re-acc rules.by angelvalentinxPublished 1
Anticipating tradesApplying following trade strategy:- Bullish trend No divergence Bullish Cup & Handle continuation pattern Bearish rising wedge reversal pattern No harmonics Bulls=2,Bears=1 Trade on break out of HHLongby akyzai71Published 0
UPDATE ON USD/JPY ANALYSIS & TRADEUSD/JPY 1H - As you can see price has traded perfectly into the zone I gave you all earlier on in the week. We have seen price trade into the zone and go on to deliver us with the bullishness we expected. Unfortunately this took place at 12PM UK time and therefore I was not at my screen nor was I trading at this time to let you all know or to place the position myself. For those of you who may have placed pending orders though, well done you will be in some good profits. This trade is currently running + 112 pips. (+ 8%) 8RR For anyone who did place a pending order or is involved in this bullish leg be sure to take partials and apply safety measures with your positions, I will be looking to get involved in this market I am just waiting for price to pullback now into an area of interest. A big well done to those involved in this market, any questions with regards to the the analysis drop me a message or comment below and I will get back to you as soon as possible! Longby LukegforexPublished 0
USDJPY Market Outlook: Bullish Bias Prevails as Key Drivers !!USDJPY Market Outlook: Bullish Bias Prevails as Key Drivers Influence the Pair Introduction As we analyze USDJPY on 25/09/2024, the pair continues to display a slightly bullish bias driven by both fundamental and technical factors. This article delves into the current USDJPY market conditions, shedding light on the key drivers influencing the pair and offering insights into what traders should watch out for this week. Interest Rate Differentials One of the primary factors maintaining a bullish outlook for USDJPY is the persistent divergence in monetary policy between the U.S. Federal Reserve and the Bank of Japan (BoJ). The Federal Reserve remains firm on its hawkish stance, signaling the likelihood of keeping interest rates higher for longer to combat inflation. In contrast, the BoJ continues its ultra-loose monetary policy, maintaining negative interest rates to support its economic recovery. This rate differential remains a significant factor, supporting dollar strength against the yen. U.S. Economic Resilience The U.S. economy has showcased resilience in recent economic data, with robust employment numbers and GDP growth exceeding market expectations. Such data solidifies the Fed's justification for maintaining its tight monetary policy stance. As the U.S. dollar strengthens on the back of these economic developments, the yen has struggled to maintain ground, further contributing to USDJPY's bullish trend. Bank of Japan’s Dovish Stance The BoJ's commitment to its yield curve control (YCC) program and low-interest rates continues to weigh heavily on the yen. Recent statements from BoJ Governor Kazuo Ueda have not indicated any significant shift toward tightening, which markets interpret as a continuation of yen weakness. The lack of immediate inflationary pressures in Japan has allowed the BoJ to maintain its accommodative policies, contributing to the weaker yen and supporting USDJPY’s upward momentum. Geopolitical Uncertainty Another factor influencing the USDJPY pair is the current geopolitical landscape. Rising global uncertainties, particularly in Europe and China, have prompted investors to seek the relative safety of the U.S. dollar. This increased demand for the greenback has provided additional support to USDJPY’s bullish trajectory. Investors are wary of holding riskier assets, preferring currencies backed by strong economies like the U.S., especially in times of uncertainty. Technical Analysis From a technical standpoint, USDJPY remains in a bullish trend on the daily chart. The pair is trading above its key moving averages, with the 50-day and 200-day moving averages signaling upward momentum. Additionally, RSI levels indicate that the pair has not yet entered overbought territory, suggesting there is room for further gains. Resistance at the 150.00 level remains a key psychological point, while support can be seen around 147.50, should any corrective movement occur. Outlook for the Week The USDJPY outlook for this week remains moderately bullish due to the ongoing strength of the U.S. economy, the Fed's hawkish stance, and the BoJ's dovish approach. Traders should monitor key U.S. data releases, including inflation and labor market figures, as these will influence the Fed's decision-making and impact the pair’s movement. Similarly, any unexpected statements from BoJ officials could shift market sentiment toward the yen, but at this point, such a scenario seems unlikely. Conclusion In summary, USDJPY continues to maintain a slightly bullish bias for the week of 25/09/2024. The rate differential between the Fed and BoJ, coupled with the U.S. economy's resilience, supports the dollar's strength against the yen. While technical factors also align with the bullish sentiment, traders should remain vigilant for any developments that could alter the balance between these two currencies. The USDJPY pair is poised for further upward movement, with key levels of support and resistance to be closely watched as the week progresses. Keywords for SEO: USDJPY forecast USDJPY technical analysis USDJPY 25/09/2024 USDJPY weekly outlook USDJPY market conditions U.S. dollar vs Japanese yen Bullish USDJPY bias Bank of Japan dovish policy Federal Reserve interest rates Forex trading analysis USDJPY trading strategies Forex market forecastLongby PERFECT_MFGPublished 0
Usdjpy buyBullish on h4 M15 BOS entry SL 50pips TP 150pips 1:3rrLongby realistictrader_2024Published 112
USDJPY Analysis for the Week of 24th September 2024: 150.000 !!The USDJPY pair has been a subject of interest in the forex market as it approaches a critical psychological level of 150.000. Traders are speculating whether the pair could reach this target given the current fundamental and technical landscape. In this article, we will analyze the potential for a slightly bullish bias for USDJPY this week, supported by key market drivers and macroeconomic factors. Fundamental Drivers Supporting a Bullish Bias: 1. Federal Reserve's Hawkish Stance on Monetary Policy: The Federal Reserve’s hawkish tone in recent weeks, reinforced by the latest Federal Open Market Committee (FOMC) meeting, suggests that further interest rate hikes are on the table. This has led to a strengthening of the U.S. dollar against major currencies, including the Japanese yen. With inflationary pressures still evident in the U.S. economy, the market is pricing in another rate hike before the end of the year. Higher interest rates increase the yield on U.S. assets, making them more attractive to global investors, which directly supports the USDJPY. 2. Bank of Japan's Ultra-loose Monetary Policy: In contrast, the Bank of Japan (BoJ) continues to maintain an ultra-loose monetary policy stance, keeping its interest rates in negative territory. BoJ Governor Kazuo Ueda has reiterated that the bank will remain accommodative until inflation sustainably reaches its 2% target, which still seems distant. This divergence between U.S. and Japanese monetary policies is a major driver of the USDJPY bullish momentum, and it is expected to continue fueling the pair’s rise toward the 150.000 level. 3. Rising U.S. Treasury Yields: U.S. Treasury yields have been rising steadily, with the 10-year yield nearing the 4.5% mark, its highest level in years. This surge is indicative of market expectations for prolonged high interest rates in the U.S., which adds further upward pressure on the dollar. Historically, higher U.S. Treasury yields have a direct correlation with USDJPY strength as global investors seek higher returns on their investments. 4. Geopolitical Uncertainty: Geopolitical tensions in Eastern Europe and the Middle East are contributing to safe-haven flows into the U.S. dollar, adding to its bullish momentum. While the yen is also considered a safe-haven currency, the growing demand for the dollar due to the U.S. economy’s relative strength and higher yields is tipping the balance in favor of USDJPY bulls. 5. Japanese Intervention Risks: As the USDJPY approaches the 150.000 level, market participants are wary of potential intervention by Japanese authorities to stem yen depreciation. However, recent remarks from Japanese officials suggest that intervention is not imminent unless volatility becomes disorderly. Until intervention threats materialize, the path of least resistance for USDJPY appears to be upward. Technical Analysis: On the technical front, USDJPY has been trading in a well-defined uptrend, with higher highs and higher lows forming on the daily chart. The pair is currently testing resistance near the 149.50-149.80 zone, with 150.000 acting as the next psychological target. A sustained break above 150.000 could pave the way for further gains, with potential resistance around 151.50 and 152.00. Momentum indicators, such as the Relative Strength Index (RSI), are approaching overbought territory, suggesting that while the bullish trend is strong, there may be some short-term consolidation before a decisive move beyond 150.000. Nonetheless, dips are likely to be viewed as buying opportunities, with strong support seen around 148.50. Conclusion: Given the current fundamental and technical landscape, USDJPY is poised to maintain a slightly bullish bias this week. The combination of a hawkish Federal Reserve, a dovish Bank of Japan, rising U.S. Treasury yields, and geopolitical uncertainty supports further upside for the pair. While intervention risks may temper gains, a move toward and possibly beyond the 150.000 level seems achievable in the near term. SEO Keywords: USDJPY analysis USDJPY forecast USDJPY bullish bias USDJPY 150.000 target U.S. dollar strength Federal Reserve interest rates Bank of Japan policy USDJPY technical analysis USDJPY fundamental drivers USDJPY September 2024 analysisLongby PERFECT_MFGPublished 2
USD/JPY continue with the UptrendOn USD/JPY, it's nice to see a strong buying reaction at the price of 142.3 . There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again. Uptrend and high volume cluster are the main reasons for my decision to go long on this trade. Happy trading Daleby Trader_DalePublished 2
Reading The Tape on USDJPY (ICT) - 24th Sept 2024 In this video I practice reading the tape using ICT Concepts, as well as offering general advice to those using his concepts or otherwise. I hope that you find this video insightful. If you have any questions, leave a comment and I will be glad to answer. - R2FLong43:55by Road_2_FundedPublished 1
USDJPY sell limit analysis Usdjpy in crucial area of selling pressure once it's breaked pushup is too fast but due to doller weakness that's not possible 1:2 RR FOLLOWING MM , RMShortby DNA_traderofficialsPublished 6
3-sigma short signal We expect this to rug on the fundamentals, but FOMC had opposite effect The 3-sigma Bollinger will light any wick that enters it Let the wick burn and wait for a close outside the 2.5-3 sigma channel to trigger the trade, and watch it explode to the downside Risk the highest wick in the channel Target 3x BoJ is watching you do this by fullretardforexPublished 0
USD/JPY 23/09USD/JPY 23/09 mijn top down analyse thx for watching have a good day sir!04:11by humorousRice21026Published 0
usd /jpy up trend i tkink if is not braking down the 141 if it will rebounce my opinion is that wi go to 149 in 30 days or maximum 3 monthsLongby lucianmark40Published 1
possible trades on ujas we see we are at the top of a bearish trend and there is also a baby bullish trend so if the big trend breaks we buy and if the little one breaks we sellby amrhosesmPublished 0
Usdjpy longThere is a very sensitive support level where it was triggered..allowing the bulls to move even more to the upside...Longby GOLDERNTRADERPublished 0
USDJPY 9/23/24💹 👁️ Outlook 30m Context Time Frame: Price have been breaking bullish and surfing above the emas. Price had just came off the 50ema and I would like to see price come back to the 10/20 emas on the 6m time frame for a valid pullback before looking for longs. Daly Bias: Bullish Keeping an eye on this. 👁️Longby angelvalentinxPublished 1
USDJPY POSSIBLY SELL OPPORTUNITY!!!Price is currently trade at 143.811 which is a previous support now turn resistance. A sell opportunity is envisaged from the current market price. OVERLALL market structure remains bearish in monthly , weekly , & Daily timeframe. Shortby CartelaPublished 1