Get started

Forex-usdjpy

USD/JPY LONG MOMENTUM ON DAILY TIME FRAMEThis is the position based on Edger trading system on daily time frame, This setup is 1:1 RR, entry has to be done on the candle close, the entry can be refined by your own knowledge. This is only for educational purpose and no financial advice. BUY STOP ENTRY : 130.858 STOP LOSS : 126.952 TAKE PROFIT 25% : 131.834 TAKE PROFIT 50% : 132.810 TAKE PROFIT 75% : 133.786 TAKE PROFIT 100% : 134.764 FOLLOW RULES: 1. IF TAKE PROFIT 25% HITS, THEN MOVE THE STOP LOSS AT BREAK EVEN AND CLOSE 25% OF THE POSITION. 2. IF TAKE PROFIT 50% HITS, THEN MOVE THE STOP LOSS AT 25% TP LEVEL AND CLOSE 50% OF THE POSITION. 3. IF TAKE PROFIT 75% HITS, THEN MOVE THE STOP LOSS AT 50% TP LEVEL AND CLOSE 50% OF THE POSITION. 4. IF FULL TAKE PROFIT HITS, THEN CLOSE THE TRADE AND ENJOY. ALSO, HIT LIKE, SHARE AND FOLLOW FOR MORE IDEAS. YOU CAN ALSO RAISE QUESTIONS ON TRADINGVIEW.
Long
by theEdger
1
USD/JPY Outlook (29 April 2022)The BoJ monetary policy statement release on Thursday morning indicated that "the bank will offer to purchase 10-year JGBs at 0.25 percent every business day" This action of purchasing government bonds resulted in the weakening of the Japanese yen. On release of the news, the USD/JPY jumped from 128.82 and in 8hours reached 131.00 Officials from the Japanese Ministry of Finance had indicated that with the USD/JPY at 130 and 135, would be a point of concern, as it could affect economic performance. The USD/JPY has retraced from the 131 level, currently at 129.88, likely due to the DXY retracing. Look for short term selling opportunities in the USD/JPY towards 129.00 but longer term, look for USD/JPY to test 135.00
Short
by JinDao_Tai
USDJPY Potential bullish rise | 21st Apr 2022Price is abiding by the ascending trendline and is on a bullish momentum. We expect price to have a rise from entry level of 127.912 in line with 61.8% Fibonacci retracement towards the take profit level of 128.611 in line with previous horizontal swing high and 61.8% Fibonacci retracement. If price breaks, it will trigger a dip towards our stop loss level of 127.626 which is in line with 61.8% Fibonacci retracement. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Long
by Rockqet
How I'm setting stop losses on USDJPY using IchimokuIn my recent post I indicated that I am long USDJPY due to the higher timeframe bullish trend: A question that traders often ask is "how do I set a stop-loss when the market is moving up?". This applies if you are looking to enter your first trade in the trend, or if you want to trail a stop-loss on an existing order. The answer is simple when you use Ichimoku. Briefly, Ichimoku lines indicate the "market equilibrium" over various timeframes. There are three equilibrium lines (or "Han-ne" lines in Japanese). These are: 1. Tenkan-Sen - 9 periods / Short-term equilibrium (yellow on my chart) 2. Kijun-Sen - 26 periods / Medium-term equilibrium (red on my chart) 3. Senko Span B - 52 periods / Long-term equilibrium (red kumo cloud line on my chart) A Han-ne line is created by finding the midpoint of the highest high and lowest low within the set number of periods. If price is above a Han-ne line, it is said to be bullish in that timeframe, and the opposite for bearish. There is a lot more to learn about Han-ne lines and the meaning of the equilibrium, but for our purposes here, understand that these lines tell you the point where buyers and sellers meet. One of the reasons we know that USDJPY is bullish is because the Han-ne lines are angled up on the higher timeframes (4H and 1D). This means that the point at which buyers and sellers meet is increasing. In other words: we are trending up! Now: the secret for setting your stop-loss. If the Han-ne line tells us where the equilibrium is over the short/medium/long term, periods where the line remains flat are significant. If a Han-ne line, especially Kijun-Sen or Senko Span B, remains flat for multiple periods, it means that midprice has been established by many buyers and sellers. We can use these flat Han-ne lines as: 1. Support/resistance 2. Zones to place stop-loss orders As I look at a pair like USDJPY trending up, I am zooming into the lower timeframes (think: 15m or 30m) and looking for flat Han-ne lines. If I see several "zones" forming I can place my stop-loss just near the other side of that zone. This means I can receive adequate protection, but also know that if the price does clear that zone and hit my order, a reversal or pullback is likely happening and it will be a good time to exit anyway. We've already seen a flat Kijun-Sen line act as support on the 15m chart: You can use this concept for any pair, currency, stock, crypto, etc. The secret is to look for flat lines and use these as your support/resistance levels and stop-loss zones. Happy trading!
Education
by ichimokucorner
USD/JPY (6 April 2022)Overall, USD/JPY is trending upwards and have broken above 123.23. Now approaching round number level of 124.00 With the Bank of Japan indicating; "May Not Necessarily Be A 'Last Resort' But We Will Offer To Buy Unlimited Amount Of 10-Year JGBs If Rise In Long-Term Interest Rates Is Rapid" And FOMC members commenting - balance sheet reduction soon and 'at a rapid pace' (Brainard) - accommodative policy has to be removed, 50 basis points will be option to consider (George) Trend continuation for the USD/JPY is highly likely. Look for short-term buying opportunities of USD/JPY towards resistance level 125.00. Next resistance level is 126.00
Long
by JinDao_Tai
USD/JPY (5 April 2022)Overall, USD/JPY is trending upwards, but currently still sitting in consolidation at 122.522 Governor from Bank of Japan has indicated; "May Not Necessarily Be A 'Last Resort' But We Will Offer To Buy Unlimited Amount Of 10-Year JGBs If Rise In Long-Term Interest Rates Is Rapid" A short term retracement towards next support zone of 121.70 seems unlikely now. Instead, look for trend continuation if price breaks above 123.234 towards 125.00 Look for short-term buying opportunities of USD/JPY back towards resistance level 125.00
Long
by JinDao_Tai
☑️SILVER: towards 25.53950➡️ Metals are prone to growth in the conditions of hostilities in Ukraine. After the weekend, the situation only escalated, thus significant losses for Silver and Gold are unlikely. Technical analysis supports this idea in the long for the specified trading instruments. At the moment the price is inside the balance 24.58185 - 25.53950 . At the end of March, a promising false breakout was made, which sends buyers to the upper limit of the indicated range. Partial profit-taking, or at least moving to breakeven, is best done after the price reaches the level of 25.07730 (intermediate target). ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
OANDA:XAGUSDLong
by TradePlus-Fx
7
USD/JPY (4 April 2022)Overall, USD/JPY is trending upwards, reaching historic key level of close to 125.00. But despite this upward move, USD/JPY has retraced and is currently at 122.50 This was partly a result of the the Bank of Japan indicating unlimited buying of 10yr JGBs at 0.25% over 4 days and some level of peace talks over the ongoing Russia-Ukraine war. USD/JPY’s next support zone is at 121.70 and the next resistance zone is at 123.23 and 125.00. Look for short-term selling opportunities of USD/JPY back towards support level.
Short
by JinDao_Tai
1
VIEWING STRENGTH OF THE YEN !From last month's price movement, it can be seen that the yen is very weak due to inflation and all the problems in the country. however, it is starting to become clear that sellers are starting to dominate the current market trend. the best opportunity to trade on usdjpy currency is to wait for the price to enter the area, as I have described. there are several fresh areas (supply) and fresh areas (demand) always see if there is a price rejection or not.
Short
by ramonart
2
☑️GOLD: again to 1959.405➡️ In anticipation of Friday's NFP data release, the price of gold is not showing a clear directional bias. The further direction of gold prices will depend on the results of the report on the US labor market and, to some extent, the results of peace negotiations. The US NFP report, however, will be the main market driver for gold as it sheds new light on the Fed's interest rate outlook. Technically, the metal is in balance 1917.520 - 1959.405 . As suggested in the previous idea, the metal rose by 1959.405. At the moment, the instrument has rebounded, but it is expected to rise again to 1959.405 within the uptrend channel. There is a potential for a breakdown upwards, but one need to be extremely careful and monitor the price already at the moment, since there is a resistance area. 🔥 GOLD Forecast Results 🔥 ☑️GOLD: to 1917$ again 👉 +330 points ✅: ☑️GOLD: buyers at the ready 👉 +418 points ✅: ➖➖➖➖➖➖➖ 👍 Thanks for your comments and likes 👍 👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
OANDA:XAUUSDLong
by TradePlus-Fx
5
US Dollar Faces Resistance and Choppy TradingThe US dollar has seen choppy trading this week. We made a run for highs, but found steep resistance at 98.82. We are seeing progressively lower highs, with a consistent lower bound at 98.73 suggesting that we might be forming a bear wedge pattern on a larger scale. If so, we would anticipate the price to test 97.89 or 97.73 again soon. If we are wrong and the price breaks out, then 98.82 must be broken then highs at 99.40. After that, our next target is 99.82.
TVC:DXYLong
by quantguy
US Dollar to Test Highs??The DXY has formed a double top at 99.40. We seem to be getting great support from 97.73, confirmed by green triangles on the KRI every time we test this level. We seem to be in a longer term sideways corrective phase with a lower bound at 97.73. We seem to be in the middle of the range right now, so it is important to see what we do from here. If the DXY is able to get a lift again it will likely test highs at 99.40. The price action is looking a bit weak, so we may test 97.73 again. If so, that would suggest we are forming a bear wedge pattern and perhaps portend lower prices perhaps at 97.32.
TVC:DXY
by quantguy
USDJPY – SPOT: Breaks Higher From Bullish Fakey SetupUSDJPY – SPOT: Breaks Higher From Bullish Fakey Setup + Long Tailed Bar  Price Action: There is no new price action signal to note at this time. Price significantly moved higher from the prior Bullish Fakey Setup + Long Tailed Bar that had formed just above the 114.15 – 40 short-term support area over two weeks ago (We suggested trading this setup in the February 27th weekly newsletter). Potential Trade Idea: We are still considering buying on a retracement lower to within the range of the prior Bullish Fakey Setup + Long Tailed Bar Signal, whilst price remains above the 114.15 – 40 support area.
Long
by UnknownUnicorn393254