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USDJPY Held Resisted on Several Intraday LevelsKey details labelled via Signposts on chart. Price is resisted below the 103.82 level. [ Note that ideas published represent my viewpoints on structural directional movements. I do not post explicit trade parameters (i.e. entry, take profit, stop loss, etc.) as these are set to in reference with my expectancy. Since my win rate and R-multiple targets are different, ideas published are simply a resource to provide guidance. You are expected to manage your own trading decisions. ]
Short
by FinancialGamblR
USDJPY BEARISH CONTINUTION What's up Traders, Looking at the Dollar being weak again this weak with UJ following its nasty downfall. plenty of Technicals to back it up. Looking at the 4hr on UJ, the first thing I want to address is the Hidden Bearish Divergence(Lower Highs on chart, Higher Highs on RSI). That's the the cherry on top, the main indication is last weeks rally to the supply zone and failure to break through. Thus forming a pennant/Ascending triangle. (Yes I know Ascendings can be Bilateral. Most of the time they follow the trend unless used in confluence with other bullish signals.) If you want to flip over to the daily you'll notice the bearish candle as well. Just some basic Technicals on a clean set up. If you have an opinion pls share or like mine please like my Idea! Thanks. -TraderBlake FX:USDJPY
Short
by Trader_Blake
USDJPY: Important Decision Ahead USDJPY is trading in a strong bearish trend . The price is falling in a major falling channel for a quite long period of time. However, since November the price is in consolidation. The market is stuck within a 103.7 - 104.7 horizontal decision range. While the price is inside, the future direction of the pair is unknown. I am waiting for a breakout. In case of a bearish violation, sellers will most likely push the market lower. Goals will be: 103.3 current structure low 103.0 In case of a bullish violation, with a high probability, the price will go higher. Next goal for buyers will be: 105.4 current local structure high. Because the trend is bearish , I remain bearish biased. But who knows... We know how stubborn yen can be. Have a great weekend!
Short
by VasilyTrader
1
USDJPY: Potential Bearish Scenario USDJPY is trading within an ascending triangle on the hourly chart. Taking into consideration that the trend is globally and locally bearish, I remain bearish biased and expect a trend continuation. In order to catch the next wave, I would suggest being focused on 103.67 - 103.73 hourly demand area. If we see a 1H candle close below that, it will be a strong selling signal and bear run will most likely start. Next goal will be - 103.4 (in contrast, if we close above 103.9 level, the setup will be invalid)
Short
by VasilyTrader
15
$USDJPY - Watch these levels carefullyHi guys! 👋🏻 🔔 Japan has been showing a steady recovery from the pandemic today’s Trade Balance and Exports data testifies. Battered US Dollar Index also supports the downtrend of the USD/JPY. 🔔 Yesterday’s US Retail Sales, import and export price indexes data announced were below the forecasted, more importantly Core Retails sales (MoM) was 1 bp lower than the previous month’s 1.2%. 🔔 On a daily USD/JPY we can witness a downtrend channel that the pair follows. One of the important metrics on this chart is that the MA100 acted as a resistance on November 11, when USD/JPY hit the upper edge of the channel. 🔔Important levels to watch are $103.70, which is a static and dynamic support on a 4H chart, closing below this level will be a ground for another round of sell-offs down to $103.166. 🔔 On both Daily and 4H charts, Moving averages act as resistances and MACD indicates bearish continuation.If there are no tangible signs of economic recovery in the US and the spirit of “uncertainty” remains, the US Dollar against the Japanese Yen might as well plummet further to near year’s minimums at $101.747.. ✊🏻 Good luck with your trades! ✊🏻 If you like the idea hit the 👍🏻 button, follow me for more ideas.
Short
by azizelliott
$USDJPY Is the dollar flying against yen?The pair is currently moving into the channel and above 105.500 due to the dollar trying to regain some ground after a mood for risk appetite. However, the reality of slowing economic data and rising virus cases around the world is an almost unavoidable and hard reality. About technical terms, this pair is struggling to keep an upward pressure because it's in the channel and it could lead the price down again, but this time is too close of the 200 DMA at 106.883 which is calling for retesting and coincidentally was my short position target from 112.100. Let's take a look at what it does but in my case I'm still short. You have to be careful with the dollar and typical safe-haven assets because the "gold standard" it will be a reality pretty soon as 2021, perhaps you shouldn't be trading forex in the long run but buying physical GOLD. Stay tuned on my gold idea I'd be posting within coming days. Have a good and profitable trading week. Creamlivetrading
by wildcreamlife
Post-election breakdown of DOLLAR-YEN[Target 100]A short post, with few important points: With record low interest rates globally, the carry trade with the short-side in yen is somewhat losing its popularity. Some of the reasons why are: => The carry premium isn't worth the risk any longer. Lately currency markets have been quite volatile, question is whether this will continue. If we get a somewhat more stable environment in developed markets, carry sharks might look elsewhere for the following reasons... => Record low rates globally, even further squeezing the positive carry spread, however now that all the key rates globally are at the ZLB (prospects even to go below it), the importance of inflation is ever more accentuated. Why'd you even enter a long carry with a short side in yen given the inflation differential, with Japan potentially going into a deflationary environment? => Lastly, we're in a new paradigm where it's questionable how long would it take for emerging markets to recover from the virus, and the grading of their government bonds is starting to become questionable. There are other points of course, but principally Biden after all might get a weaker dollar after all, thanks to MMT. On one side, too little stimulus implies a potential credit crunch/crisis, and too much stimulus= devaluation. Obviously, devaluation is without any doubts the better choice. The rest is summarized by the chart. -Step_ahead_ofthemarket ________________________________________________________________________________________ >>I do not share my ideas for the likes or the views. This channel is only dedicated to well-informed research and other noteworthy and interesting market stories.>> However, if you'd like to support me and get informed in the greatest of details , every thumbs up and follow is greatly appreciated! Disclosure: This is just an opinion, you decide what to do with your own money. For any further references or use of my content- contact me through any of my social media channels.
Short
by step_ahead_ofthemarket
ANALYSIS ON USDJPYHello, my fellow traders hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price bounced back after touching its support. If it breaks from the trendline, chances are that it will go up. Wait for the breakout. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on, and we will get it for you. Do like and follow us
by Ryan_lopes
10
NZDJPY close to a breakout in symmetrical triangle patternHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is currently inside the Symmetrical triangle pattern. One can wait for breakout. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on, and we will get it for you. Do like and follow us.
by Ryan_lopes
BUY ON USDJPYHello, my fellow traders, hope you all are making some profits. We are here with our new analysis so that we can increase those profits for you. Let’s get into it. As we can see, the price is at its support and trendline support and as per our analysis, it will go up. One can wait for confirmation. Let us know your views on this in the comment section. Thank you all. There is good news for our followers. We will be analyzing on-demand. So, let us know which pair you want our analysis on and we will get it for you. Do like and follow us.
Long
by Ryan_lopes