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Dollar-yen

USDJPYHi USDJPY has been examined in different dimensions: 1- Strong supply and demand levels that I identify with my own indicator and system. 2- The structure of recently formed waves 3- Current market momentum 4- The structure of classical and price patterns In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis. In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram. ⚠️ Disclaimer: This is a personal opinion and you are responsible for any trading decisions.
Short
by HamidRamezani1992
Joe Gun2Head Trade - USDJPY Stalling as 5th wave completes?Trade Idea: Selling USDJPY Reasoning: USDJPY Stalling as 5th wave completes? Entry Level: 136.725 Take Profit Level: 135.36 Stop Loss: 137.05 Risk/Reward: 3.5:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
Joe Gun2Head Trade - USDJPY break out yesterday?Trade Idea : Buying USDJPY Reasoning: Closing break above 134.65 on daily Entry Level: 134.70 Take Profit Level: 136.72 Stop Loss: 133.91 Risk/Reward: 2.48:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
USDJPY: Technical Outlook & Forecast For Next Week 🇺🇸🇯🇵 USDJPY has broken and closed above a resistance line of a falling parallel channel on a daily. Also, the price has formed a double bottom formation within that and its neckline was broke to the upside as well. The broken trend line and a neckline compose an expanding demand cluster. From that, the price was nicely rejected on Friday. I will expect a further accumulation of bullish volumes within that area. The market will most likely bounce then. Next resistance - 134.3 ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
8
USDJPY COT-STUDY Q1-23: BEARISH CONTINUATION?Monetary Policy: - BOJ is making a significant change - Longterm YieldCurveControl target of 0,25% is relaxed to 0.50% - Higher targets are to be considered - This would mean more YEN-strength - FED still hiking rates, but expected target-rate for 2023 is moderate: 4,75% - 5.00% COT: - Institutions started distributing USD-Longs since Q3-22 - Insititutions started distributing JPY-Shorts since Q4-22 - Both moves reinforce eachother in pushing down USDJPY - Distribution-phase seems to continue in Q1-23 Seasonality: - JAN is generally weak for USDJPY, so in line with expectations - FEB & MAR are not weak for USDJPY (but Monetary Policy & COT outweigh Seasonality) Pivot Points: - Q4 was (fast) run from Quarterly R1 to Quarterly S1 - Looks like mid-DEC was start of frontrun Q1-23 - Projected Quarterly Pivot for Q1-23 was sold end DEC-22 - Quarterly Pivot predicts Quarterly S2 with QS1 as (conservative) first target = 125
Short
by xtrader1
1
Joe Gun2Head Trade - USDJPY into short term resistanceTrade Idea: Sellinh USDJPY Reasoning: Into short term resistance. Entry Level: 134.36 Take Profit Level: 129.80 Stop Loss: 136.08 Risk/Reward: 2.64:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre
1
USDJPY: Your Detailed Trading Plan 🇺🇸🇯🇵 Hey traders, USDJPY is trading in a bearish trend on a daily. After the price set a new low 20th of December, the market started a correctional movement. The pair is currently approaching a solid confluence zone based on fib retracement levels, a trend line and a horizontal structure. To short the underlined area with a confirmation, watch a rising channel on 4H. Its support breakout (4h candle close below) will be a trigger for you to short. Initial target will be 132.7 Alternatively, a bullish breakout of the trend line will push the market higher. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
9
USDJPY: Selling opportunity | 28 December 2022As USDJPY approaches the 134.500 resistance level, we expect price to react with a bearish reversal to the 131.000 support level, where we will Take Profit. This level coincides perfectly with the 88.6% Fibonacci retracement level, and falls in line with the overall declining trend of USDJPY since October. On a broader view, the Dollar has historically been soft in December following seasonal trends, which would weigh down USDJPY in the short term. Prices have also tapped into the upper bound of the Bollinger bands, indicating a trespass into the oversold region and an imminent bearish move.
Short
by T3-Consultancy
USDJPY buying opportunity | 23 December 2022On the H8 timeframe, USDJPY came to test the 134.500 support level twice before a surprise move by the Bank of Japan sent prices sharply down. On 20 December, the BOJ announced that it would loosen its 10 year bond yield cap from 0.25% to 0.5%. This caught investors completely off guard, and the yield rate subsequently jumped to 0.499%, its highest level since 2015, leading USDJPY to break through the 134.500 support level on the back of a strengthening Yen. USDJPY has settled at the 131.800 support level which coincides with the 161.8% Fibonacci retracement after a significant round of price correction, as investors recalibrate their outlook on Japanese fixed income securities. Price was recently buoyed by upbeat US economic data, where the release of inflation data on 23 Dec could finally trigger a retracement to the previous 134.500 support turned resistance level which coincides with the 100% Fibonacci extension. We expect price to approach the 131.800 support level as our Entry point, which will temporarily retrace to 134.500 where we will Take Profit and exit the trade before USDJPY extends its overall bearish trend in the longer term. We have placed our stop loss at the historical support level of 130.500, which could be approached if the PCE Price Index comes in higher than market expectations. Stochastic RSI has just re-emerged from the oversold region, while prices dipped below the lower bound of the Bollinger Bands, supporting our bullish bias. The Yen reacted strongly to the initial jump in JGB yields. Higher JGB yields have boosted expectations of greater investment levels in the Japanese bond market as its differential with other securities on the global bond market narrows, which would strengthen the Yen against the Dollar. This is especially the case because low interest rates and bond yields had previously driven out a significant volume of capital to the extent that Japan became the largest holder of US government bonds, owning almost USD $1.3 Trillion of debt. With a narrower yield differential, there is hope that some capital might return home. However, the BOJ’s subsequent statements that it would continue to step up bond buying saw a sharp reversal in yield rates from a peak of 0.499% to its current rate of 0.382%, which could see further declines in the form of a price correction from the market’s initial knee-jerk reaction. This could dampen some of the Yen’s strengthening, which could give a further boost to USDJPY in the short term.
Long
by T3-Consultancy
1
USDJPY: Bearish Continuation 🇺🇸🇯🇵 Hey traders, USDJPY broke and closed below a key daily structure support 2 weeks ago. The broken structure turned into resistance and was respecting 2 times in a row already. The double top formation confirms the strength of the underlined zone. I believe that the pair will drop soon to 134.33 / 133.0 levels. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
6
Joe Gun2Head Trade - Short term double topTrade Idea: Selling USDJPY Reasoning: Short term double top. Looking for lower prices. Entry Level: 135.42 Take Profit Level: 133.35 Stop Loss: 135.90 Risk/Reward: 4.36:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
Short
by Signal_Centre