USD/JPY (Some Bullish Signs are spotted)View On USD/JPY (12 AUg 2022)
I am seeing nice PIN bar and it is possibly a BULLISH one.
I am seeing 135.5 shall be a nice Target.
It might be a good idea to stay on the BUY side.
Let's see,
DYODD, all the best and read the disclaimer too.
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Forex-usdjpy
USDJPY Long (swing)Hey, Traders!
This forecast takes into consideration of the fundamentals of USD and JPY. More info in bio!
Here's our USDJPY forecast:
Daily structure is still bullish however, H4 is looking to be bearish for the time being.
To initiate long, we will be waiting for H4 to form a significant resistance and then break it for H4 to flip back bullish.
Immediate target would be 139 to retest the high but 140 is probable as well.
Let's capitalize off this move!
USD/JPY Outlook (25 July 2022)The BoJ continues to diverge from the other central banks, being the only major central bank yet to increase rates, as it held its ultra-loose monetary policy unchanged. Because of this, the Japanese Yen is expected to weaken against the other major currencies.
However, as the DXY weakened to the 106 level and investors grow concerned about the economic slowdown in the US, safe haven currencies and commodities were sought.
This caused the USDJPY to trade significantly lower towards the 136 support area. If the support level holds, further downside could be limited, with the USDJPY possibly correcting towards the upside to test the 137.60 resistance level.
Next lower support level is 135.00
DXY Breaks Out Again!!The US dollar has broken through highs and our profit target of 108.50, in a seemingly unstoppable rally. We have broken out to the 109's, finally retracing slightly around 109.25 or so. Recall that our next target is 109.86. We have fallen just short of that. It seems reasonable that we have a significant retracement at some point, to say 107.20, or 106.13, but it would be inadvisable to get in the way of this freight train at this point.
USD/JPY Outlook (12 July 2022)The USDJPY shot from 136 to almost 138 on the back of a stronger US dollar but also because BoJ Gov Kuroda indicated that the Japanese economy was picking up (despite some indicators of weakness) and that consumer inflation was at 2%.
This led to a reaffirmation that the BoJ will keep with its path of ultra loose monetary policy, hence the yen weakening.
Today however, the Japanese Minister of Finance commented that the rapid weakness of the Yen was of concern and that the ministry would take appropriate action if necessary.
This hint of potential FX intervention and the retracement of the DXY lead the USDJPY to follow with a retrace back below 137.00.
Look for further downside in the USDJPY with 136.00 as the next key level of support.
USD/JPY Outlook (4 July 2022)Yen weakness is expected to persist, with the BoJ on their ultra loose policy path, diverging from the other Central Banks seeking further tightening.
Look for the USDJPY to consolidate above 134.50 before further upside could be likely, with the USDJPY climbing higher towards 137.00 (a repeat scenario of June 20th and 27th)
In the longer term, the USDJPY could reach 150, but it is currently too early to tell, with historic high level 137.00 standing in the way.
Can the US Dollar Make New Highs??The US dollar has gained considerable strength the past week. We have smashed through resistance in the 104's, to solidly regain the 105's. We are just shy of our target at 105.78. If we are able to break through 105.78, then 106.13 is our next target, set by Fibonacci extension levels. The next target is a bit further out at 107.20. If we retrace, we are likely to find support in the 104's, 104.83 and 104.53 in particular.
USD/JPY Outlook (1 July 2022)The USDJPY reached a 24 year high of 137.00 before tracing back strongly towards 134.50 support level, due to weakness in the DXY.
As the BoJ maintains its current dovish stance in terms of policy path, diverging from other major economies, expect this correction to be for the short term before a possibly bounce at 134.50 towards the upside.
Next support is at 132.00
MarketBreakdown | WTI Crude Oil, USDJPY, BITCOIN, AUDUSD
Hey traders,
here is a brief technical outlook of 4 peculiar instruments on my watch list.
1️⃣ WTI Crude Oil - Daily time frame 🛢️
The market is steadily growing within a rising parallel channel.
The price is coiling around its resistance for the last two weeks.
I assume that we will see a retracement from that soon.
Be prepared.
2️⃣ USDJPY - Daily time frame 🇺🇸🇯🇵
The market is very close to current highs.
If we break and close above them again,
it may lead to a further bullish trend continuation to new highs.
3️⃣ BITCOIN - Daily time frame ₿
The market is steadily growing within a rising wedge pattern.
As I predicted the price nicely bounced from its support.
I assume that btc will keep growing and will retest a local high soon.
4️⃣ AUDUSD - 12 hours time frame 🇦🇺🇺🇸
The marker has recently reached a key daily resistance.
To catch a bearish movement from that watch a rising parallel channel on 12H time frame.
Its support breakout will be your confirmation to short.
❤️Please, support this idea with a like and comment!❤️
USD/JPY Outlook (23 May 2022)Earlier thought, I was anticipating for the USD/JPY to move lower, testing and breaking the support level of 127. However, as euro markets open, the USD/JPY has retraced and now looks like it could test round number resistance of 128. This upside move is inspite of a weakening DXY.
A significant retrace above 128 could be likely, however, this would be divergent to the DXY move.
Therefore, with a lack of real directional bias, it'll be better to stay out of the USD/JPY.
USDJPY: Very Bearish Outlook 🇺🇸🇯🇵
After a long-lasting consolidation, USDJPY leaves a lot of bearish clues:
the price formed a triple top pattern and broke its horizontal neckline to the downside.
I believe that the pair may go lower now.
Next support - 127.6
❤️If you have any questions, please, ask me in the comment section.
Please, support my work with like, thank you!❤️
USD/JPY: EMA 200 make resistancU.S. Dollar/Yen Japanese it's look bearish from this side. So, we see that it's moving into this bearish channel flag and MACD doesn't have enough strengthen to continue up in H1 timeframe
Meawhile, in H4 we see that we're into this bearish channel in formation as we see this bearish channel flag, we're in the key point to sell
Also, I read that U.S. Dollar fell today in some pars as an uptick in investors' appetite for riskier bets diminished the U.S. currency's appeal. Also, another fundamental analysis that I read recently it's that United Sates considering to block Russia ability to pay its U.S. bondholders that expire next week and this could be another bad expectative that I see in this rumor.
So guys, I'm shorting USD/JPY at $129.48 JPY and my target will be $127.40 JPY (207 pips) and SL to $129.98 JPY (50 pips)
I hope that this idea and analysis support you!!!
Good luck!!!
USD/JPY Outlook (16 May 2022)Since the BoJ's policy adjustment and with the USD/JPY testing 131 over a couple of periods, the USD/JPY has struggled to find significant upside.
Currently sitting below 129.00, look for short term selling opportunities towards the downside, as capital flows towards reserve.
Next support level of 128 and 127
PRZ as double top (M pattern) on USDJPYTheres a double top spotted on the market. The completion has ended and there's a retracement inside the the pattern in which coincides a resistance that has been acting as a support/resistance. Our target will be 126.100. Possibly it will take some days to get to our target, but I think it'll go. Also take in consideration that it could bounce at 127.00.
Do you have any other ideas? Let me know on the comments.
☑️EURCHF: landmark event➡️ The price of the EURCHF currency pair is inside a small upward channel. Locally, the instrument is in an uptrend. Breaking through the resistance level of 1.04027 has become a landmark event for this instrument and hints at the continuation of longs. The nearest growth target is the level of 1.04825.
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👍 Thanks for your comments and likes 👍
👇🔥 LINKS TO PREVIOUS IDEAS AND FORECASTS 🔥👇
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.
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
USD/JPY (25 April 2022)The USD/JPY is on a significant uptrend, reaching historic high level of 129.40 .
The BoJ had indicated concern if the USD/JPY reaches 130, and a weaker yen would hamper post pandemic recovery.
Because of these, the USD/JPY retraced and bounded from 128.
Currently at 128.56, upside for the USD/JPY is possible but seems limited by the recent 129.40 level
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.
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