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Japaneseyen

Is the Yen rally over?The truth is that I don't know if it's over or not. It certainly feels like the USDJPY pair is going a lot lower, given that the Fed is very close to pausing and cutting rates in 2023. Deflation has always benefited the Yen, which might be the case again. The BoJ took the best stance of all central banks, as they held rates low and provided liquidity when the global economy was slowing down and would very clearly go into a deep recession in 2023-2024. Eventually, rates elsewhere will go down, but rates in Japan will be pretty much the same (go down a lot less). Therefore, the JPY could outperform everyone else. However, there is a chance that USDJPY is about to bottom. It's very close to testing a key area; I think it will sweep the double bottom and bottom at the S3 monthly pivot. If there is going to be a bottom soon, that's where I expect it to be. If the USD is to bounce quickly, that's where I expect it. It feels too early for the dollar to collapse outright, and maybe we will get a mini inflation scare before we move properly into deflation. So this is my bullish scenario. Fall slightly below 130 and then slowly go back up. 135.8 is the first target, and if 138 is reclaimed, the next target is 145.
by BitcoinMacro
💱USD/JPY End Of Downward Correction💱💱USD/JPY End Of Downward Correction 💱Today we made a downward correction which with its range brought the price to the support level set in the previous post 💱The technical environment still favors growth so I am not worried about my upward scenario. 💱The scenario I'm playing out is the continuation of growth to the vicinity of the 0.236 level of the entire downward wave from the peak to the current bottom. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
9
AUDJPY No confirmed buy signal yet. Mind this sell level.The AUDJPY pair has been on a 1 week rise (since the December 20 low) after it (almost) hit the 1W MA100 (red trend-line), which is the long-term Support line November 04 2020. This is not a confirmed buy signal yet as the price remains below both the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line) which formed nine days ago a Death Cross pattern (technically bearish). A similar 1D Death Cross, in terms of candle action, has been formed on August 20 2021. AUDJPY had again made a low and started to rebound but (following a 1D MA200 rejection) it only turned bullish after the Lower Highs trend-line from the previous Top broke. That is again our buy confirmation level and we will buy only above this level, targeting (as in 2021) the 98.720 Resistance. On the other hand, a break below the 1W MA100 and even more so the (dotted) Higher Lows Zone, would be a sell signal, targeting the 2021 Support Zone, which is made of a cluster of Support levels through that year. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
3
USDJPY: Your Detailed Trading Plan 🇺🇸🇯🇵 Hey traders, USDJPY is trading in a bearish trend on a daily. After the price set a new low 20th of December, the market started a correctional movement. The pair is currently approaching a solid confluence zone based on fib retracement levels, a trend line and a horizontal structure. To short the underlined area with a confirmation, watch a rising channel on 4H. Its support breakout (4h candle close below) will be a trigger for you to short. Initial target will be 132.7 Alternatively, a bullish breakout of the trend line will push the market higher. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
9
💱USD/JPY Opportunity For Continued Increases💱💱USD/JPY Opportunity For Continued Increases 💱This post is a direct continuation of my previous post: 💱After the declines of December 20 due to the intervention of the Bank of Japan, the USD/JPY is doing quite well in terms of increases. 💱It can be seen that the sentiment is still pro-growth. 💱Also, the technical environment supports pro-growth scenarios. 💱It looks like there is a high probability of reaching the resistance zone marked on the chart, which is located around the 0.236 level of the entire downward wave from the peak to the current low. 💱I determined the support zone based on where the price has repeatedly found support as well as resistance. 💱The scenario I'm playing out is a continuation of growth to the vicinity of the resistance zone. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💱*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
4
💱USD/JPY Time for correction💱💱USD/JPY Time for correction 💱The Japanese yen has shown strength in the last week, on Tuesday we moved down more than 4% due to the Bank of Japan's intervention. 💱After landing on a strong support zone, we began to form a small upward correction. 💱In my opinion, there is a chance that it will even reach the vicinity of the nearest resistance zone, after which there is a good chance for the continuation of declines. 💱The technical environment is still very pro-downtrend, but in my opinion, from the current levels, there is little chance for the continuation of the declines. 💱The scenario I am playing out is the execution of an upward correction, after which I will watch and look for opportunities to continue the declines. I don't exclude the possibility of changing the scenario if the market situation changes abruptly. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💱Please do not suggest the path I have outlined with lines it is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
17
EURJPY This will determine the trend for the next 3 monthsThe EURJPY pair hit this week the 1D MA200 (orange trend-line) and seems to be holding it as a Higher Lows Support within the Channel Up that started in April. We first looked into this Fibonacci Channel approach in September and gave us an excellent dump and pump trade: At the moment, as long as this week's low holds, we are expecting the Channel Up to make a Higher High within the 2.0 Channel Fibonacci and 4.5 horizontal (151.000 - 152.550) in the next 3 months. However, with the RSI on the 1W time-frame on Lower Highs while the price has been on Higher Highs, indicating a huge Bearish Divergence, we will turn bearish if the price breaks below this week's low and target the 132.000. The 1W MA200 (red trend-line) is the long-term Support. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, 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 me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
NZDJPY: The Next Bearish Wave 🇳🇿🇯🇵 Hey traders, NZDJPY broke and closed below a major wide demand cluster on a daily. The broken structure 83.8 - 85.0 turned into resistance now. It looks like the pair is quite oversold at the moment. The market will most likely retrace to the underlined area and a bearish wave will initiate then. Goal will be a rising trend line, matching the last higher lows. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
8
💵Australian Dollar/Japanese Yen💵Analyze (9/28/2022)!!!Australian Dollar/Japanese Yen is making Expanding Flat(3-3-5), and now it is running in microwave 3 of main wave C. I expect Australian Dollar/Japanese goes down to the target that I showed you in my chart. 🔅Australian Dollar/Japanese Yen Analyze (AUDJPY) Daily Timeframe⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Short
by pejman_zwin
4
USDJPY: Key Levels to Watch 🇺🇸🇯🇵 USDJPY dropped sharply. Here are the key levels for you to watch. Support 1: 130.4 - 131.8 area Support 2: 126.3 - 126.9 area Resistance 1: 133.6 - 134.55 area Resistance 2: 137.8 - 138.7 area The price violated a key structure, it turned into Resistance 1. The pair will most likely keep falling, at least to Support 1. Consider the underlined structure for pullback/breakout trading. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
10
EURJPY: Classic Bullish Setup 🇪🇺🇯🇵 On a today's live stream, we discussed EURJPY. The price has recently broken and closed above a resistance line of a bullish flag pattern on a daily. We see its retest now. Testing that, the price formed an ascending triangle formation on 1H time frame and broke its neckline then. I expect a bullish move to 145.44 / 145.9 levels now. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️ [/b
Long
by VasilyTrader
8
CADJPY , SHORT Resault: 600 pips✅As you can see in the chart, due to the weakness in the decline and the reaction to the support level , I expect an upward correction first, and then I will update the analysis if there is a reaction to the resistance level . Stay with me to get more analysis after following me by sharing with friends and leaving a comment. According to my risk and capital management system, the risk of each trade is one percent per position. What do you think about this analysis and other analyses? What symbol would you like me to analyze for you?
by Hamiratrading
1
InvestMate|USD/JPY Reaching A Resistance Zone💱💱USD/JPY Reaching A Resistance Zone 💱As I wrote recently about the possibility of the start of an upward movement on USD/JPY: 💱Yes, and we have lived to see the continuation of the uptrend in recent days. 💱The price has returned to the vicinity of 138. 💱The resistance zone and support remain unchanged. 💱Given the trend and the fact that the support zone was tested again. 💱Looking also at the fact that we are above both the 50 and 200 moving averages and that the MACD and RSI are generating pro-growth signals I am not worried about the direction of the trend. 💱The scenario I am playing out remains unchanged, a continuation of the rises to the vicinity of the resistance zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 🚀If you appreciate my work and effort put into this post then I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
2