CANNOT WAIT TO SHORT USDJPY AGAIN! GET THE MONEY PRINTER READYWe are seeing clean bearish momentum for this pair. Excellent and clear market structure of lower lows and lower highs.
Now looking for trend continuation to take a short trade.
Waiting for at least a 50% retracement and price coming into the fair value gap (this is a must for my system!)- then we look for a bearish trend change on 15min and ATTACK!
This is looking like a very yummy short!
Follow and Stay tuned my friends ;)
D-uj
UJBigger timeframe has shown us LL and LH, therefore we are sinking. We should not be looking to fight the trend but follow and capitalize.
So it to be clear and straight forward we will wait for one the rectangles to be hit, retested and candlestick confirmation in the area in order to decide what we are doing.
With that gap we can guarantee that the gap will be closed, how it will be closed is yet to be determined, so keep watch and plan ahead for both moves.
UJWelcome to one of my favourite pairs.
I will apologise to it for not respecting it enough and caring enough to always give her time. I would like to change that and make it better and build and do better.
High = 151.943 (Has been hit 3 times, area of sensitivity)
- results in dramatic drop from this point, once in OCT 2022 and twice in NOV 2022
- This should give us directional views of what to expect when hitting those levels
- Since May 2022 we have not seen it take a break till 151.94 (not slowing since 2000)
USDJPY 19/11/23USD JPY in a bearish range as it was from Thursday we created our swing low and confirmed our swim pines we're now waiting for every sweep of the swing high for continuations down or a break out of this range lower which we can then continue to follow into this new bearish range.
Remember to always read order flow and follow what price is showing you instead of trading based on your desired direction. And, as always, stick to your risk and your plan.
We'll be closely monitoring market openings and price action throughout the week. If you find this analysis useful, let us know in the comments below and hit the boost button to show your support. Here's to a successful week of trading!
USDJPY nearing 150 again! Overview
USDJPY is nearing the 150 handle again. The Bank of Japan (BOJ) may intervene, creating lucrative JPY buying opportunities.
The Details
The Yen is weakening. The JPY Currency Index ( TVC:JXY ) has the Yen at all-time lows. The last time the Yen was this weak was in September and October 2022; the BOJ intervened in the FX markets to strengthen the Yen—sharp moves of 500 pips formed in hours!
USDJPY is back at the 2022 intervention levels. On the 3rd of October 2023, it is suspected that the Bank of Japan (BOJ) intervened to strengthen the Yen, which formed the 'BOOM' move identified on my chart. The intervention caused a bearish move of 300 pips.
In the coming days, USDJPY may reach the 150 handle again. The BOJ has two options:
Further Intervention - The BOJ may continue with FX intervention. This could bring a bullish shock to the Yen, especially USDJPY, like in October 2022. Expect a move of 400 to 600 pips to the downside on USDJPY. Maybe more. Maybe less. This could be followed by further JPY buying.
Interest rates - The BOJ may move away from negative interest rates. A rate change is BIG news for the Yen. Possibly, the Nikkei also. This is significant because monetary policy shifts from negative to zero or even negative to positive rates. This change could end the JPY selling and mark highs on the USDJPY chart.
Either option, the JPY weakness, especially short-term, is ending.
Things to consider:
Beware of slippage. The initial move will likely be quick and sharp, causing significant slippage on JPY orders.
If you catch the wrong side of the move, you could blow your trading account if you are over-leveraged and over-exposed.
The swap rate on holding the Yen is terrible, especially USDJPY. So, USDJPY Put Options or trading the JPY currency index may be better than spot FX.
Excessive and volatile moves against the Yen could be the catalyst that brings intervention rather than USDJPY reaching critical levels.
USDJPY may reach the 155 handle before the BOJ take action. My area of focus is 150 to 155.
UJ: “Break Out, Break Back In” Setup on “IBM” Entry (30/100)System has identified a “BOBBI” playbook setup and an “inside bar momentum” entry during the third hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Reversal” Setup on “Momentum” Entry (30/100)System has identified a “REV” playbook setup with a potential sell stop “momentum” shift market entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “618” Setup on “Limit” Entry (29/100)System has identified a “618” Fibonacci retracement setup and executed a sell “limit” shift entry during the pre-market ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
↗️USDJPY might be ready for the next bullish leg↗️USDJPY is still in technical uptrend, recently showing few cycles of reaccumulation - when prices dips below the low to manipulate weak hands, only to continue higher.
In recent UJ outlook we discussed that the price need more time to accumulate before continuation, and right now it seems like UJ is starting to build up chains of demand and structure as showed on the chart.
Will look for more bullishness, and if we get break to the downside - will expect further back and forth.
UJ: “Reversal” & “BOBBI” Setup on “Momentum” Entry (28/100)System has identified two setups. A break out break back in, “BOBBI”, and a “Reversal” playbook setup along with “momentum” shift market entry during the third hour of the ASIA 12-Candle Window.
RISK: 2R
TARGET: 8R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “618” Fib Retracement Setup on “Limit” Entry (27/100)System has identified a “618” playbook setup and executed buy “limit” market entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Break Out” Setup on “Momentum” Entry (26/100)System has identified a “BO” playbook setup and a potential “momentum” shift market entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Bat” harmonic Setup on “Limit” Entry (25/100)System has identified a “BAT” playbook setup and executed a buy “limit” entry during pre-market of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Break Out” Setup on “Momentum” Entry (24/100)System has identified a “BO” playbook setup and a potential “momentum” shift market entry during the third hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Break & Retest” Setup on “Momentum” Entry (23/100)System has identified a “B&R” playbook setup and a “momentum” shift market entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “618” fib Setup on “Limit” Entry (22/100)System has identified a “618” Fibonacci retracement setup and executed a buy “limit” entry during the second hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 4R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.
UJ: “Break Out” Setup on “Momentum” Entry (22/100)System has identified a “BO” playbook setup and a potential “momentum” shift market entry during the first hour of the ASIA 12-Candle Window.
RISK: 1R
TARGET: 2R
***DISCLAIMER***
This is a new system based strategy being live tested for the purpose of gathering data. The system generates between 3-6 signals per session upon detecting a qualifying setup and entry signal. Currently being tested only in ASIA and only using USD/JPY pair. The win rate and expectancy are unknown. Please do not take these trades.