Dollaryen
USD/JPY - Fundamentally Bullish In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen.
1.) Higher Interest Rate in the U.S
2.) Bond Yield Differential
3.) High U.S Inflation pushing Rate Hikes From Federal Reserve
We also have some key technical levels to watch out for at 120.00 on the exchange rate.
Take Profit: 116.352 (USDJPY)USDJPY. Price closed above resistance trend line. Trend line resistance becomes support.
USDJPY Target Price 116.338Price closed above 115.058 and retested the level with bull candlestick. Enter at 115.518.
USDJPY Bullish MomentumWait for a pull back into support. A bullish pin bar, engulfing bar, or inside bar may form on horizontal support for a long position.
why is usdjpy so high? two words: inflationary cycles (usdjpy)its very simple. if this is going to continue, it will stay over vwma/aavwap, and the 1.618
we can retrace quite a bit, and 114.75 isnt unthinkable if we close hourly below the middle horizontal line
this would not negate the bull trend, and 115.235 is a decent target as long as we bounce
DXY D1 - Short Possibility DXY D1
Inching closer to the downside break on a technical basis, Powell's comments yesterday pulled dollar down a bit, CPI inflation data this afternoon which may or may not catalyse this move. Something to be aware and protect against.
USDJPY Resistance Level At 114.970USDJPY. If price closes above 114.970, then watch for a bullish price action signal on the retest.
USDJPY | Watch For A Pin Bar or Rejection Candlestick For this trade opportunity, look for a pin bar or rejection candlestick at the trend line, ema 10, and ema 20.
USDJPY deep correction to 109.9 likely before further upsideUSDJPY is overextended and there were many late long positions added last Friday 8/10/21. Expecting a deeper retrace to 109.9 before any further upside.
USDJPY short ideaIf you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
USDJPY LongNow that we have seen a resistance level form we can begin looking at a potential level to go long on USDJPY
Should we see price close about this level, I will be looking too take a long with correct risk management and ideally a 10pip range. To re-iterate what I have said the past few posts, this is END OF MONTH which means market moves a bit more weirdly than usual, so always be careful and keep an eye on it so you can react and protect your losses/gains at a moments notice.
If you like this trade please give it a like and follow as it lets me know my ideas are helping give insight to others :)
USD/JPY_4H_LONGThe daily time frame was bullish and the price broke the 110.6 daily level in 4H and also 1H timeframe. Also, yesterday broke the 4H timeframe and last week's high. I take a long position with the TP of a psychological level.
R/R = 1:1.95
DXY: Have You Seen This Market GapBuyers seem to be taking over the dollar currently, this doesn't mean that sellers can't fill the gap created on the way up.
A bounce from this order block would suggest to me that the price is ready to pull back aggressively before continuing long.
Sells could be valid here depending on rejection.
If you miss the sells, buys could be valid from the gap marked out.
Good luck next week traders!
USD/JPY_4H_LongThe price start a bullish trend from daily support plus it broke the last high which created the last low level, it also broke descending komu.
I put my TP on last week high.
R/R = 1:1.19
USDJPY Swing*Disclaimer*
This is not financial advice. Forex trading is risky. Trade at your own risk.
#Trade_Like_A_Magnate
