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J-jpy

JPY Pairs at Key Resistance Overview Most Yen pairs are at or nearing key resistance on daily, weekly, and monthly time-frames. The Details The Yen continues to weaken against global currencies due to negative interest rates set by the Bank of Japan (BOJ) and higher interest rates from the RBA, RBNZ, ECB, BOE, SNB, FED, etc. The BOJ are edging closer to changing rates to zero or positive. This could strengthen the Yen, or at least stabilise the JPY selling. The BOJ may intervene in the FX rate if JPY continues to weaken further, meaning possible JPY bullish volatility. The Technicals AUDJPY at weekly horizontal channel resistance CHFJPY at monthly bullish channel resistance GBPJPY nearing monthly horizontal resistance NZDJPY at monthly horizontal resistance SGDJPY at daily horizontal resistance and nearing previous daily trend support as resistance USDJPY around weekly horizontal resistance
Short
by Samuel_Morton_Trader
Buy AUDJPY Megaphone PatternThe AUD/JPY pair on the M30 timeframe presents a potential buying opportunity due to the presence of a well-defined megaphone pattern. This pattern, characterized by expanding channel lines, can suggest both bullish and bearish continuations depending on the context. However, in this case, certain factors point towards a potential upside move. Buy Entry: Consider entering a long position around the current price of 98.28, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the megaphone, now acting as potential support zones: 98.73 and 98.94. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken resistance line of the megaphone, ideally around 97.95. This helps limit potential losses if the price reverses and breaks back downwards. Thank you
Long
by KABHI_FOREX_TRADING
8
CHFJPY: Fundamental Insights on Swiss InflationHey Traders, in today's trading session, we are monitoring CHFJPY for a selling opportunity around the 170.500 zone. CHFJPY is currently in a downtrend and appears to be in a correction phase as it approaches the critical 170.500 support and resistance area. Now, let's delve into the fundamental analysis shaping this trade. One fundamental factor influencing CHFJPY is the easing inflationary pressure in Switzerland. Recent data indicates a slowdown in inflationary trends in Switzerland, which may weaken the Swiss franc against other currencies. This easing inflation could contribute to downward pressure on CHFJPY as traders anticipate a softer Swiss franc in the forex market.
Short
by JoeChampion
This cycle pattern on AUD/JPY hints at risk onAUD/JPY is holding above its 100-day EMA, and so far it looks like the spike lower last Thursday will be left unchallenged. This is more of an interesting observation than anything else, but... since July AUD/JPY has printed a prominent spike / higher low every 40 - 47 days. If that pattern is to hold, is suggests the next trough could land at the end of May / beginning of April. Given it is a proxy for risk, does this support a Wall Street rally which currently sits just off if its record highs? Growth outlook remains positive, inflation is falling and the BOJ are unlikely to shift away from an ultra-dovish policy. As long as any currency gains against the yen are not too aggressive, perhaps AUD/JPY is looking at another crack at 98. Although a feature of this 40-47 day cycle is for gains to be erratic and choppy before producing a sudden selloff into its spike low.
Long
by CityIndex
USD/JPY: CPI Fundamentals Shape Trading OpportunitiesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area. Additionally, the recent release of robust CPI data in the United States has contributed to the bullish sentiment surrounding the USD. The Consumer Price Index (CPI) figures surpassed expectations, indicating a potential uptick in inflationary pressures. This positive economic data has bolstered the strength of the USD, consequently impacting currency pairs like USD/JPY. Trade safe, Joe.
Long
by JoeChampion
2
GBPJPY 18/02/24GJ giving some nice areas for potential moves, mainly i can see we are using the short term lows as a clear area to build up liquid for a deeper retracement, if this move does take place it will shift us back into a bearish swing range as the 5min price action is currently sitting within a bullish range, this range isn't the strongest but is still valid in terms of a short term bias within price. If we do shift bearish il be looking towards the major demand sitting at our last internal low in price, this of course will also act as liq so running this a possibility. always keep in mind higher timeframe bias is only validated with lower timeframe confirms and trade entries, so be sure to always trade with order flow.
by rosshayes
UJ bias on long...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. As per last week's analysis and view i have, UJ went up and was bullish after CPI news Hopefully your got some pip from there. UJ should continue to remain bullish till at least 152?Let's see. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* 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. *********************************************************************
Long
by Shadowing_The_Big_Boys
2
The yen is in no hurry to drop.I perfectly understand why many people draw short on JPY, it really looks risky. But look at the weekly chart from a certain angle. A kijun/tenkan cross was formed just inside the cloud and the candles was held on the inside cloud boundary. 1 candle, which will take the price above 138, will quite push the price to the top at 152. Anyway my experience shows that such constructions (the cross inside the cloud on the weekly timeframe) cannot be ignored. There seems to be a build-up of hedge positions for insurance and the yen is traditionally in demand.
by averkie_skila
USDJPY: Evaluating Fundamental Strength Amid CPI SurgeHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area. Looking at the fundamental aspect, recent CPI data in the US has shown a notable increase, indicating potential inflationary pressures. Considering the CPI data for February, which came in at 0.4% versus the expected 0.3%, and the previous month's 0.3%, it suggests a growing trend in inflation. This upward trend in inflation may influence the Federal Reserve's monetary policy decisions, possibly reducing the likelihood of rate cuts in the upcoming months. Trade safe, Joe.
Long
by JoeChampion
Buy EURJPY Channel BreakoutThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a recent upward breakout from a channel pattern. Buy Entry: Consider entering a long position around the current price of 161.70, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: Initial bullish targets lie at the previous resistance levels within the channel, now acting as potential support zones: 162.04 and 162.30. Further upside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions. Stop-Loss: To manage risk, place a stop-loss order below the broken channel resistance line, ideally around 161.10. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
6
AUDJPY to continue in the upward move?AUDJPY - Intraday There is no clear indication that the upward move is coming to an end. Trend line support is located at 97.70. Risk/Reward would be poor to call a buy from current levels. A move through 98.00 will confirm the bullish momentum. The measured move target is 98.50. We look to Buy at 97.70 (stop at 97.45) Our profit targets will be 98.35 and 98.50 Resistance: 98.00 / 98.25 / 98.50 Support: 97.70 / 97.50 / 97.25 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDJPY Bullish within a Double Channel UpThe USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows. The 1D RSI indicates that we might be in a similar spot as May 22 2023 of the previous Bullish Leg of the Megaphone, a structure that peaked on the 1.786 Fibonacci extension level on the Higher Highs trend-line. Before pursuing that target though (161.900 = 1.786 Fib), we will settle for the top of the blue Channel Up at 154.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Buy CADJPY Bullish channelThe CAD/JPY pair on the M30 timeframe presents a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Buy Entry: Consider entering a long position around the current price of 111.19, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 111.60 and 111.84, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the channel at 110.90. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
BUY EURJPY Bullish Channel PatternThe EUR/JPY pair on the M30 timeframe displays a potential buying opportunity due to a well-defined bullish channel pattern. This pattern suggests ongoing buying pressure and a higher likelihood of further advances in the coming minutes or hours. Key Points: Bullish Channel: The price has been trading within an upward-sloping channel characterized by two converging lines: a rising support line and a rising resistance line. This ongoing uptrend signals continued buying pressure. Buy Entry: Consider entering a long position around the current price of 161.50, positioned close to the channel support. This offers an entry point near a potential continuation of the upward move. Target Levels: Initial bullish targets lie at the resistance levels of 162.02 and 162.35, marking previous resistance zones within the channel. Stop-Loss: To manage risk, place a stop-loss order below the support line of the broken channel at 161.00. This helps limit potential losses if the price reverses and breaks back down. Thank you
Long
by KABHI_FOREX_TRADING
1
NZDJPY to find buyers at current support?NZDJPY - 24h expiry Trading within a Bullish Channel formation. Dips continue to attract buyers. The hourly chart technicals suggests further downside before the uptrend returns. A lower correction is expected. Bespoke support is located at 91.30. We look to Buy at 91.30 (stop at 91.00) Our profit targets will be 92.05 and 92.25 Resistance: 91.90 / 92.20 / 92.40 Support: 91.30 / 91.00 / 90.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA