Cyber Monday saleUp to 70% OFF

Japaneseyen

USDJPY: Double Channel Up pattern. Keep buying until it breaks.USDJPY is trading on a Channel Up inside a long term Channel Up pattern. The 1D time frame is overbought (RSI = 71.702, MACD = 1.430, ADX = 43.738) and as the RSI entered the Resistance Zone of March 1st, we expect a short term pull back inside the first Channel Up to 141.300. If the bottom (dotted lines) holds, we will buy and target towards the R3 (TP = 146.000). If however the price crosses under the Channel and as such the 1D MA50 too, we will sell and target the S2 (TP = 133.515). The HL trend line can offer an early sell warning if it breaks. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
10
USDJPY: Bullish Accumulation & Trading Plan 🇺🇸🇯🇵 USDJPY is stuck on a key horizontal daily resistance. The price is currently trading within a narrow range. Because the current trend is bullish, I am looking for trend-following opportunities. To buy with a confirmation, wait for a bullish breakout of 142.0 - 142.45 area. Daily candle close above will confirm the violation. A bullish continuation will be expected then at least to 143.5 Alternatively, a bearish breakout of the support of the range may trigger a correctional movement. ❤️Please, support this video with like and comment!❤️
Long
by VasilyTrader
10
USD JPY - FUNDAMENTAL ANALYSISBNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our estimates of its long-term fair value, as captured by the BNP Paribas FEER.” The debate surrounds whether there will be a trigger for the overvaluation to be reversed. BNP expects a significant shift in capital flows over the next few months which will have an important impact on currency rates. According to the bank; “The normalization of global yields should continue to encourage repatriation by Eurozone and Japanese investors, who are overweight US assets.” BNP also considers that unease over US equity valuations will encourage a flow of funds out of the US into the rest of the world It adds; “Coupled with FX-hedge ratios at low levels, we see space for significant USD selling. Overall, BNP places less emphasis on Federal Reserve rate cuts in forecasting that the dollar will lose ground. Yen Can Secure Capital Inflows BNP continues to expect a strong recovery for the yen. Firstly, it expects that the Bank of Japan will tighten policy in July which will tend to strengthen the currency, especially given scope for a repatriation of funds by domestic institutions. It also expects lower US yields will support the yen while the threat of intervention will tend to curb potential selling pressure on the currency. The dollar to yen (USD/JPY) exchange rate is not forecast to hold above the 140.00 level.
Short
by thunderpips
6
USD JPY - FUNDAMENTAL ANALYSISBNP Paribas 2023-2024 Exchange Rate Forecasts Capital Outflows will Undermine the Dollar A starting point for the BNP market analysis is that it considers the dollar is notably overvalued in global markets, especially against the yen. It adds; “The USD on a G10 trade-weighted index is trading almost 2 standard deviations (about 25%) rich relative to our estimates of its long-term fair value, as captured by the BNP Paribas FEER.” The debate surrounds whether there will be a trigger for the overvaluation to be reversed. BNP expects a significant shift in capital flows over the next few months which will have an important impact on currency rates. According to the bank; “The normalization of global yields should continue to encourage repatriation by Eurozone and Japanese investors, who are overweight US assets.” BNP also considers that unease over US equity valuations will encourage a flow of funds out of the US into the rest of the world It adds; “Coupled with FX-hedge ratios at low levels, we see space for significant USD selling. Overall, BNP places less emphasis on Federal Reserve rate cuts in forecasting that the dollar will lose ground. Yen Can Secure Capital Inflows BNP continues to expect a strong recovery for the yen. Firstly, it expects that the Bank of Japan will tighten policy in July which will tend to strengthen the currency, especially given scope for a repatriation of funds by domestic institutions. It also expects lower US yields will support the yen while the threat of intervention will tend to curb potential selling pressure on the currency. The dollar to yen (USD/JPY) exchange rate is not forecast to hold above the 140.00 level.
Short
by thunderpips
3
USDJPY: Key Levels to Watch This Week 🇺🇸🇯🇵 Here is my detailed structure analysis for USDJPY. Horizontal Key Levels. Resistance 1: 140.63 - 140.93 area Resistance 2: 142.06 - 142.46 area Support 1: 138.48 - 138.80 area Support 2: 137.38 - 137.95 area Support 3: 135.20 - 135.49 area Support 4: 132.95 - 134.27 area Vertical Key Levels. Vertical Resistance 1: Rising trend line Vertical Support 1: Rising trend line Consider these structures for pullback/breakout trading this week. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
10
CHFJPY Last rise before a strong correction.The CHFJPY pair had a strong 5 week rally since our last buy call (see chart below) on April 28: Our final bullish target remains 159.000, which will make a perfect contact with the Higher Highs trend-line since January. But given the fact that the 1W MA50 (red trend-line) has been tested twice this year, we expect a stronger rejection this time and decline all the way to Support 1 (149.100), where it can make contact with the 1W MA50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
7
HelenP. I Japanese Yen may continue to fall and achieve supportHi folks today I'm prepared for you JAPANESE YEN analytics. The Japanese Yen created a support zone of 134.05-133.70, from which started to grow the and form Elliott Waves. The price rose to mark 136.30 (1 wave) and after a downward correction, rose (2 wave) broke through the level of 137.35 and continued the local uptrend (3 wave). The Japanese Yen declined (wave 4), retested current support, and continued to rise. The price rose to the level of 140.90, where the 5th wave was completed, and after a re-test resistance, it started to decline. After a slight upward correction, the Japanese Yen continued to move down. Now the uptrend may be completed, and the price may continue to decline. I hope that the Japanese Yen may start a local downtrend, or may make a deep downward correction to support at level 137.35. Therefore, goals will be set at levels 138.50 and 137.35. If you like my analytics you may support me with your like/comment ❤️
Short
by FirstNameHelen
1
AUDJPY Double Sell SignalThe AUDJPY pair has been trading within a Channel Down pattern since the October 21 2022 High. Supported by the 1D MA50 (blue trend-line), it not only entered yesterday the Resistance Zone of December 13, but also reached the top (Lower Highs trend-line) of the Channel Down. This is a Double Sell signal and as long as candles close below it, we will be selling towards Support 1 and the bottom (Lower Lows trend-line) of the Channel Down at 85.100. If a 1D candle closes above the Resistance Zone, we will continue buying for a short-while and target Resistance 2 (95.750). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
NZDJPY: starting the final sell wave of the Head and Shoulders.NZDJPY is on neutral 1D technicals (RSI = 50.536, MACD = 0.110, ADX = 26.358) as the price is consolidating after a rebound on the 1D MA50. The rejection on the R1 Zone, is technically the Head of the Head and Shoulders pattern, a bearish formation seen on market peaks. This rebound is forming the Right Shoulder. With the 1D RSI on Higher Lows for the whole year, we can't ignore the possibility of a fake Head and Shoulders formation, so the level which invalidates this is the LS overhead Resistance at 85.940. Under this, we will target the 0.236 Fibonacci level (TP = 81.550), which is a standard target for the price after rejections on the R1 Zone since April 2022. Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope