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Forex-usdjpy

USD/JPY | Potential Upward Movement 🚀 Technical Analysis: The pair is traded inside an expanding wedge formation where the market succeeded to make a rebound and move higher. A lower correction could be seen to the highlighted zone before a new impulsive wave to the upside toward the mentioned target profit. ------------------------------------------------------------------------------------- Trade Idea: Buy Limit Order @ 110.04 Take Profit @ 110.53 Stop Loss @ 109.87 Trade Safely 🙂
Long
by Forex-Robot-Nation
USDJPY needs to move down before sustained upside can be foundWe predicted upside in the short to medium term. This week price continued to trade in a random walk manner. We see areas of value to the downside that needs to be liquidated before price can continue a sustained uptrend. We expect choppiness in the upcoming week. BEAR CASE We want to see price move down in the medium term to break that 107.000 level. BULL CASE If the markets find conviction the upside, price will continue to trade range bound in the channel that was drawn out.
Short
by IkanBilisCapital
USD/JPY – Week 26 – Targeting the trendline.In our previous outlook, we expected USDJPY to drop towards the trendline. Instead, the price reached new highs but soon after gave some signs of exhaustion. For next week, we expect the pair to reach the trendline. If it breaks and consolidates underneath, we will consider further bearish momentum. If not, then we will most likely bounce back up and make a new high. Trade with care. Best regards, Financial Flagship Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Short
by financialflagship
2
EW Analysis: Bearish Looking Treasuries May Push USDJPY HigherHello traders! Today we will talk about treasuries (10Y US Notes) and its negative correlation with USDJPY. As you can see, 10Y US Notes turned sharply down after a corrective movement in wave 4), which means that it can be now on the way back to lows for wave 5), especially if breaks below channel support line. At the same time USDJPY may continue higher as we know they are in tight negative correlation, so be aware of more upside on USDJPY with room even up to March 2020 highs and 112 area. Trade smart! If you like what we do then please like and share our idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
CBOT:ZN1!
by ew-forecast
TRADE VIEW ON USDJPYLooking at #USDJPY, i can see a corrective move currently taking place. With the aid of Fibonacci, order blocks i was able to come up with this analysis. On the 4hrs TF, you will notice price compressing with a hidden divergence towards the first order block... This first order block has a risk of 17pips... so once price gets to 109.600, i will take a sell... if this first trade fails, i will sell again at the second order block 110.155 with a risk of 33pips.... if it fails again, then we are not suppose to be selling this pair.#usdjpy
Short
by forexchiefpiest
USDJPY - Buying on weaknessUSDJPY still in bullish bias and under a deep correction. The senko span 1 supports the market and made it rebound a couple days ago. Now, price will go to continue the upwared movement. The big target will be around 114.305. The question is how we can ride this upward movement? As you can see, in H4, market already breached resistance zone and from it, going upward for a while. Making a break from minor resistance (now become new support) 109.225-109.060 that will be the target of the itd correction now. So, observe this level carefully for the chance price can go back again to this new support. You can try to get new buying spot around that level. Good luck then. Do not forget to visit goinvestgen.com , a place that make you get rich slowly. I share amazing articles there that can make you smarter trader in market. Subscribe and get exclusive contents there See ya
ULong
by Jee_D
USDJPYlooking to short it...looking at 109.30 area or 109.60 area...let's see where it will turn.. If you like my analysis and it helped you ,do give me a thumbs ups on tradingview! 🙏 And if you would like to show further support for me, you can gift me some coins on tradingview! 😁 Thank you! Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. The author/producer of these content shall not and will not be responsible for any form of financial/physical/assets losses incurred from trades executed from the derived conclusion of the individual from these content shared. Thank you, and please do your due diligence before any putting on any trades!
Short
by Shadowing_The_Big_Boys
USDJPY Long Idea for the next 3 months The USD/JPY pair extends its previous two session gains and continues to march higher in the European session on April 28. The pair peaked at 109.08, the level last seen on April 14. At the time of writing, USD/JPY is trading at 108.80, up 0.03% on the day. Upbeat US economic data continues to strengthen investors risk appetite, thus helping to gain a stronghold for the greenback. US CB Consumer Confidence data rose to 121.7 in April from 109 in March, beating market expectations that stood at 113. I am expecting the green back to weaken in the next weeks because of inflationary pressure that coming from the Commodities Market ( Lumber, Platinum, Steel) On the other hand, Japanese policymakers kept short-term key rates unchanged at -0.1%, as widely expected on Tuesday, and cut its consumer inflation forecast to 0.1% from earlier predictions of 0.5%. Retail Sales increased by 5.2% on a yearly basis in March. However, the concerns of lower inflation expectations, and thus the lower interest rates, overshadowed the good sales number. As said, the Japanese government is ready to impose strict measures and limit many businesses from operating to curb the rising coronavirus infections in the continent. Investors are now ready to place bets on the yen. On the technichal side, the Price is retracing from 0,38 to 0,23 Fibu, and it was rejected. The price now is moving down side and it started to form a channel, I am expecting a movement down to 0,61 Fibu level. Do not hesitate contacting me if you have any Questions!
Long
by SaraSadki
2
EW Analysis: USDJPY Remains Bullish Towards 2020 HighsHello traders! Today we want to update USDJPY chart, which is moving nicely bullish as we expected at the beginning of 2021 and seems like there's room for more gains towards 2020 highs as we see an unfinished five-wave cycle. As you can see, USDJPY is in an impulsive move up, breaking even above base channel resistance line which suggests wave (3) of a five-wave cycle. So, more upside is in view towards projected Fibonacci 110.80 and 112 target levels, but probably once a current consolidation, ideally a correction in wave 4 fully unfolds. Wave 4 can be either a triangle or a flag pattern that can retest the base channel resistance line as a support before the uptrend resumes. We remain bullish as long as the price is trading above 106.20 invalidation level. Trade well and all the best! If you like what we do, then please like and share the idea! Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Long
by ew-forecast