USDJPYUSDJPY is in a downtrend. at the resistance level 135.46, if the price fails to break through I expect the price to test the key support zone 131.20.
I expect a short-term rebound. Wait to buy the red zone, target 135.46 >> GooD Luck 😊
Forex-usdjpy
The Yen gains, without an interventionAs the DXY weakened overnight, the USDJPY continued its slide to the downside, breaking below 137.77 to reach a low of 135.40.
Look for the USDJPY to continue with the current downtrend, trading lower toward the next key support level of 131.45.
However, if the DXY recovers in strength as the markets head toward the weekend or from stronger-than-anticipated employment data, the USDJPY could consolidate or rebound briefly. But this could be considered a relatively unlikely scenario.
USDJPY LongThe currency shows strong confluence of bullish trend reversal from ABCD harmonics pattern along with formation of a nice inverted head and shoulders pattern to supplement the bullish flow.
Please note: Tomorrow's Fed announcements might change the probabilities.
CHFJPYformed massive symmetrical triangle in h4 tf
wait for breakou either its upside or downside does not matter
if its brokes to the upside go for long incase of downside breakout look for short entries
USDJPY/WHAT DO YOU THINK?Hi guys
In the daily chart , the price is in an ascending channel.
As we specified in the chart , the price hit the floor twice and the ceiling of the channel twice , and the third time it hit the bottom of the channel ,it broke it.
Due to the breaking of the ascending channel.
It is expected that it will continue to move as long as the channel.
good luck
USDT.D 4H Analysis Tether Dominance Analysis
This index has now entered the falling structure, but one thing you should note is that this index must reach the orange ranges (Supply) to continue this movement, and from these ranges, confirm the indicators or see the candlestick patterns. which will be in the process of falling. Of course, this index can confirm this movement in two supply ranges of 7.20%-7.40% with price action patterns such as head and top or double top. Otherwise, the correction of this index will mean the end of the falling process and the beginning of a new upward cycle for that domain.
So, for now, you should wait for the reaction of this index to the orange supply ranges in the 4-hour time frame.
Yen ranges, despite recent volatilityThe USDJPY reversed from the high of 148.45 to reach a low of 146.60 due to the weakening of the DXY. The USDJPY is likely to continue trading within a wide range, similar to the previous week, with no clear directional bias.
If the USDJPY breaks above 148.80, it could continue climbing towards 150. However, it is more likely that the USDJPY could trade lower towards 145, especially if the price breaks below the near term support of 146.60.
The If, When, How of the BoJ interventionAs the Yen continues to weaken, the market consensus is that the BoJ is most likely to intervene when the price hits the round number level of 150.
Understanding the previous time the BoJ intervened (non stealth) on 22nd September 2022, there are a few learning points to note:
- The market consensus price level then was 145. However, the BoJ intervened only when the USDJPY climbed to reach 145.90. ( Noteworthy : A hard and fast number probably isn't what the BoJ is paying attention to, OR market consensus is generally wrong)
- The BoJ is deemed to have intervened (stealth) twice more since the 22nd September 2022 (13th & 18th October). But these saw lesser price volatility and were quickly and easily reversed. ( Noteworthy : Stealth intervention doesn't seem to work well)
- The BoJ intervention on 22nd September was after the BoJ policy report and the actions were announced by the BoJ. ( Noteworthy : The next BoJ policy report is soon! On the 28th October)
How to prepare and take advantage of a BoJ intervention?
- Utilise a sell stop pending order.
- Judging from the previous intervention which had more than 500pip move and almost no whipsaw; you could apply the pending order below the round number level (in this case, below 149)
- And if the price continues to climb, just shift the order up accordingly.
- However, always ensure that you have a StopLoss: approximately 45 pips and a TakeProfit: of at least 200 pips which would allow you to have a very good R:R.
USDJPYUSDJPY is in an uptrend. Expect a chance for price to test resistance 151-152. If price reaches the red zone, consider selling.
Targets 146 and 142 >> GooD Luck 😊
GOLD : 2nd Target Reached : +390 Pips ✅✅ $ 1696 Reached ➡️ +140 Pips ✅
✅ $ 1675 Reached ➡️ +350 Pips ✅
The last analysis was : By examining the gold chart in the 4-hour time frame, we can see that the price finally managed to penetrate below $1696 with the announcement of the NFP rate, and this factor was an important reason for BMS ! The next important levels are marked on the chart, monitor the reaction to these levels! ($1675, $1670, $1659.5)
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Mitigation of 15M Supply, Wait for Liquidity Sweep to DownsideI marked up a 15M POI in my previous analysis and price reached to that supply yesterday.
The USDJPY had strong downside move that had double demand zones break and change of character.
I mark up the zone that caused double break. Also there were huge liquidity below that zone which was swept.
Everything is now ready for a huge downside move. If you missed this entry, check lower timeframe for more entries.
What do you think about this chart? Feel Free and Comment Below!
Change of Character and BOS, USDJPY Unmitigated SupplyIf you check previous analysis on USDJPY, I highlighted the low that had to be broken to reverse the price, that happened!
Change of character and then break of structure happened in USDJPY.
Remember that when BOS or CHoCH happens, supply or demand zone is automatically created on the other side.
Supply has created that CHoCH and BOS so we can expect another down move after touching the zone.
Wait for H4 supply mitigation, look for entry on lower timeframes.
Also 15M supply is marked up where can be better entry and gets better RR.
What do you think about this chart? Feel Free and Comment Below!
Can I tell you about: The BoJ InterventionThe USDJPY had been climbing strongly especially as the price broke above the 140.50 resistance level to an overall high of 145.90. However, before the high of 145.90 was reached, the price had been resisted by the 145-round number resistance level.
On the 14th of September , as the USDJPY tested the 145 resistance level again, the Bank of Japan conducted a rate check, in apparent preparation for currency intervention. The signaling of the BoJ's intention to intervene in the Forex market saw the USDJPY trade lower towards the 142.50 support level.
On 22nd September , with the release of the BoJ monetary policy decision maintaining at -0.1% and failing to indicate an intervention from the BoJ, the USDJPY traded with significant volatility but eventually traded higher towards the 145.90 price level.
As the price hit the 145.90 price level, the BoJ announced that it had intervened in the foreign exchange market, to buy the yen for the first time since 1998, in an attempt to shore up the battered currency.
This saw the UDSJPY plunge to around 140.36 yen. However, as Finance Minister Shunichi Suzuki declined to disclose how much authorities had spent buying yen, whether other countries had consented to the move, and with no subsequent signs of further intervention, the Yen has almost completely retraced the reactionary plunge.
Currently trading below the 145 resistance level and the 78.60% fib level, the directional bias of the USDJPY is still heavily dependent on the strength of the USD and the overall volatility of the DXY. But it could be a while more before we see the USDJPY trade higher beyond the 146 resistance level.
Can Bulls Break Above Sell Climax? Low Probability!USDJPY was moving within trading range since September 5, 2022.
Best strategy in trading ranges is to buy low and sell high. Also most TR breakouts fail and reversed into range.
As you see, USDJPY had sell climax that tests the bottom of TR and then it reversed up and created tight bull channel.
When we have such strong sell climaxes, the probability for new high is very low and I think USDJPY is going to reversed down from TR Top.
Wait for bear breakout or patterns like wedge top or double top then short. Patterns and breakouts means higher probability for bears to reverse the price down.
What do you think about this chart? Feel Free and Comment Below!
King Dollar Marches OnThe US dollar has broken out, as we anticipated yesterday. We inched above highs established at 114.54. Although red triangles on the KRI are confirming resistance at these highs, we appear to have broken out from the bull wedge pattern discussed yesterday. If we are able to break through then our next target is a bit aggressive at 120.66. However we are likely to meet resistance at several levels before then. If we retrace, then we could go as low as 111.37, but this is unlikely as a range was established with a bottom at about 113, which we expect to hold once again.
USDJPY bullish 4H view..USDJPY overall in uptrend with consolidation zone..bouncing off MA 200 and above fibo level 0.61 for long trade up to the previous top..
JPYX. P-Modeling Pt 1. The Shadow Eyes of CajunWelcome Hyperspace Travelers.
The eye of Cajun sees JPYX getting help from the 10Y in order to prep for SPX JGB JPYUSD VIX weight transference using Kinetic Energy Distributions.
The currency index is at 837.7 with a probability distribution that expands the lower levels down to 687.00.
This equates into longing USDJPY until 147.00 and playing a 4 cubic retrace at each new E value.
Long Swing Trade
USD/JPY
Entry: 133.xxx
TP1: 141.2
TP2: 143.5
TP3: 146.8
As well as playing the long movement that has gathered immense scrutiny.
I will attempt to nail the 4x cubit retrace defined at each new E.
Unfolded.
The incoming movement stringed segmentations will yield thousands of pips up until EOY.
Thanks for Pondering the Unknown with Me,
Glitch420
USDJPY: Bullish Continuation
Here is our technical outlook for USDJPY.
According to our chart USDJPY is coiling on demand cluster.
Based on our view the USDJPY will accumulate to the underlined supply zone.
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USD/JPY Outlook (7 Septeber 2022)The USDJPY reaches and breaches 142 as previously analysed.
The USDJPY consolidated at the 140.50 price level before breaking out strongly to reach a high of 143.
With the upward trendline on the daily timeframe, and the 161.80 fib level showing the potential target level of 145, the USDJPY could continue climbing towards that price level before a strong deep correction to the downside.
NonFarmPayroll Prep (USDJPY)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen.
Is the USDJPY likely to continue climbing higher?
Or is it set up for a strong reversal?
Typically strong US NFP employment data is would result in a strengthening of the DXY and for the USDJPY to climb higher.
The USDJPY could climb towards the 142 resistance area before possibly staging a strong reversal, as the Stochastic look to turn out of the overbought area.
On the reversal, the first target level would be the 139.40 support level.
USD/JPY Outlook (30 August 2022)The USDJPY climbed off the 23.6% fib level and the 136.50 price level to reach the immediate resistance level of 138.87. This move higher was driven by the strength of the DXY and the hawkish comments from the Federal Reserve.
Interest to note, golden cross; where the 50MA crosses over the 200MA have formed, indicates a potentially significant upside move.
Look for the price to break above the 139.40 price level to signal a continuation of the upside towards the next resistance of 141.39.
Dollar Yen RSI and Stochastic RSI ratingTechnical analysis of movements of the USD/JPY on the daily and 4 hourly timeframes. BlackBull Markets analyses the RSI and Stochastic RSI, which are indicators that can show many features of chart movement.
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