Cyber Monday saleUp to 70% OFF

Japaneseyen

NZDJPY Sell opportunityThe NZDJPY pair has been trading sideways within a Resistance and Support Zone since the June 08 High, using the 1D MA50 (blue trend-line) as the pivot. The longer it does though, the more the MACD on the 1W time-frame is losing momentum and we may see a strong move downwards. In fact this pattern resembles the March - June 2021 sequence that eventually broke down to the 1D MA200 (orange trend-line) initially and the 1D MA300 (red trend-line) eventually. There is still a Support level at 79.500 but we will be targeting 82.000 and 81.000 in extension on the medium-term. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
3
CADJPY going lower for the next 2 monthsThe CADJPY pair has broken below the 1D MA50 (blue trend-line) on July 29 and has stayed below it since then, being unable to made a break-out and return to the bullish trend of the past year. The longer it fails to do so, the more selling accumulation we will see. In fact both in terms of RSI and MACD, this resembles the sequence of June - September 2021, where the price again fell below the 1D MA50 and being unable to recover it, it made consistent Lower Lows. Based on the RSI Lower Highs and MACD Cross symmetries, it appears that, relative to the 2021 pattern, we are still near the start of this bearish move. The target is the 1D MA200 (orange trend-line) - 1W MA50 (red trend-line) cluster, which has been the pair's long-term Support Zone since November 2020. On the other hand, a candle close above the 1D MA50 can provide a short-term rise towards the Higher Highs trend-line where an even more comfortable sell position can be taken. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
3
CHFJPY excellent short-term sell opportunityThe CHFJPY pair has been trading within a Channel Down since the June 29 High being at the moment near its Lower Highs (top) trend-line. This is an ideal sell opportunity on a tight SL targeting the 1D MA100 (green trend-line), which has been the MA support since the October 08 2021 break-out. As a result only a closing below it, can justify further selling, in which case the target will be either the 1D MA200 (orange trend-line) or the September 20 2021 Higher lows trend-line. Until then, expect trading within the Channel Down. On a side-note, there are increasing bias towards a longer-term bearish trend, as the RSI on the 1W time-frame, has been on Lower Highs since its April 25 High, indicating a potential trend change. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Short
by TradingShot
AUDJPY Low risk tradesThe AUDJPY pair has been trading within a bullish Channel for more than a year and is currently on the 1D MA50 (blue trend-line). The 1D RSI Lower Highs sequence prompts to the similar structure of November 2021 - February 2022, which made the pair break upwards when the RSI Lower Highs broke eventually. As a result, a similar RSI break-out should be enough to target the top of the bullish Channel around 99.000. However since the June 08 top, we see a shorter-term Channel Down forming with clear Lower Highs and Lower Lows. With the price that close to the Lower Highs, it offers excellent Risk/ Reward ratios both on the upside break-out and the rejection, which should target the Lower Lows trend-line above (or near) the 1D MA200 (orange trend-line). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
EURJPY keeps following our plan. Strong buy ahead.The EURJPY pair has been trading exactly as the plan we first posted here a month ago: As you see, the break below the Channel Up, along with the 1W MACD Bearish Cross, kick-started a sell sequence that eventually found Support and rebounded exactly on the 1D MA200 (orange trend-line). This continues to be a similar pattern with that of May - October 2020. As a result, when the 1D MA50 (blue trend-line) breaks, our target will be the Resistance Zone (144.00) with a long-term extension 150.00. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Long
by TradingShot
USD/JPY Next Possible Movement USD ( U.S Dollar ) / JPY ( Japanese Yen ) Technical Analysis Chart Update Time Frame - H1 According to Long Time Frame - LTF H-4 It is following the Elliot waves in Bearish Trend and Has completed Impulsion and its Correction H-1 It is following the Rising Wedge Pattern and Rejecting from the Lower Trend Line ( LTL ) According to Short Time Frame - STF Its is following the Elliot waves and it will complete its 5th wave at Fibonacci Level - 78.60% It is also Following Bearish Channel for correction and can Follow Short Buy Trend
by ForexDetective
2022/8/8 12:29 EUR/JPY analysePivot Point: 138 Currently: Resisted at 137.3 and retraced back to 137 Reaction: Consolidating at this 138.3 level , its next support zone is at 138.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Short
by idealcase
USDJPY: Key Levels to Watch 🇺🇸🇯🇵 As I predicted, USDJPY bounced nicely yesterday. Here is my latest structure analysis for the pair and key levels to watch: Support 1: 130.4 - 131.6 area. Support 2: 126.35 - 126.85 area. Resistance 1: 134.25 - 135.55 area. Resistance 2: 137.4 - 137.85 area. Resistance 3: 138.86 - 139.36 area. Consider these 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
8
2022/8/3 11:49 EUR/JPY analysePivot Point: 135.6 Currently: Resisted at 135.1 and retraced back to 134.8 Reaction: Consolidating at this 135.9 level , its next support zone is at 136.5 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Short
by idealcase
2022/8/2 11:29 EUR/JPY analysePivot Point: 134.3 Currently: Consolidating at this 134.8 level , its next support zone is at 135.1 Reaction: Resisted at 134 and retraced back to 133.8 I just started sharing my daily technical analysis of Metals & Forex Market with my indicators on tradingview~ Wish to receive some feedbacks from you! 😊 Btw you can feel free to use our designed indicators!!! Just lemme know if you want it! Follow & like our posts to support us😎! Can’t wait to chat with you more~
Long
by idealcase
1
EURJPY analysis: approaching a dangerous zoneThe yen maintains its positive momentum by attracting buying flows from investors seeking refuge in safe-haven currencies as global recession fears grow. The yen also received additional support after Bank of Japan Deputy Governor Masayoshi Amamiya acknowledged last week that the BoJ should begin considering tools to end ultra-expansionary monetary policy, though the actual change is unlikely to occur anytime soon. In addition to the dollar, the Japanese yen is strongly regaining ground also against the euro, with EUR/JPY now trading at late May levels and down about 6% from June highs. The appreciation of the yen against the euro occurred despite the ECB's 50-basis-point rate hike in July, leaving the BoJ as the only major central bank that has not yet raised rates. Japan has remained more isolated from worrying energy risks in Europe, where the clouds of an impending economic recession are gathering. The 10-year yield spread between Germany and Japan has fallen to 0.6%, the lowest since mid-May, as Bund yields have collapsed in response to data indicating a bleak economic picture in the Eurozone. Technically speaking,tThe formation of a triple top at the end of June ended the EUR/JPY currency pair's multi-year uptrend, and the breakout of the neckline support at 137-137.5 solidified the trend reversal bearish pattern. The RSI is dangerously pointing down, but it still doesn't show that technical conditions are oversold. The next level of support is seen at psychological 134, followed by 132.7 (May 12 lows).
by Capitalcom
Japanese Yen E-mini Futures (J71!), Type : Bullish Rise Resistance : 0.007784 Pivot: 0.007629 Support : 0.007490 Preferred Case: On the H4, with prices moving above the ichimoku indicator and broken out of the descending channel, we have a bullish bias that price will rise to the pivot at 0.007629 where the overlap resistance and 61.8% fibonacci retracement are. Once there is upside confirmation of price breaking pivot structure, we would expect bullish momentum to carry price to 1st resistance at 0.007784 where the pullback resistance, 127.2% fibonacci extension and 78.6% fibonacci retracement are. Alternative scenario: Alternatively, price could drop to the 1st support at 0.007490 where the pullback support is. Fundamentals: Since it was stated that the central bank won’t hesitate to add stimulus if the economy needs it, we have a bullish view on the Japanese Yen.
CME_MINI:J71!Long
by Genesiv
Does the pullback in the USDJPY have legs? The US dollar has retreated against its major trading pairs over the past two weeks, but notably, the USDJPY has seen one of the most interesting pullbacks. After peaking on July 14, the USDJPY has fallen more than 4% from a peak just below 139.500. The 2-week weakening streak may continue as the sentiment from the previous FOMC meeting has been conceived as mildly negative for the USD. The Federal Reserve increased its interest rates by 75-basis-points for the second consecutive time on Wednesday, but Chair Jerome Powell stated that a slower hike pace is a possibility, suggesting that the hawkishness may have already passed its peak. This sentiment sent the USDJPY on a sharp correction to the downside. The perspective on this pair on the daily timeframe also suggests that the USDJPY may continue its downward trajectory as the price closed below the 50-day moving average, closing in on 133.300 after creating a low at 132.504. Together with the Donchian Channel Fibonacci Zone, we can see that the price fails to stay inside the blue zone after hitting 138.879 high, breaking below the grey zone and creating a three-day consolidation range between 137.422 and 136.086 before falling inside the orange zone indicating a possible downtrend. With this indicator, the price inside the blue zone is considered an uptrend zone, and the grey zone is considered a ranging zone, while the orange zone is considered a downtrend zone. These Fibonacci lines/zones can also act as either support or resistance levels, and can be used by traders as entry and exit points.
by BlackBull_Markets
USD JPY - FUNDAMENTAL DRIVERSUSD FUNDAMENTAL OUTLOOK: BULLISH BASELINE Hawkish Fed policy remains a key driver for Dollar strength. With headline inflation >9%, the Fed has been pressured to tighten policy aggressively, hiking rates by 75bsp at their June meeting, and continuing with Quantitative Tightening. However, as a result of increasing fears of a growth slowdown (as evidenced by recent econ data), STIR markets have repriced lower, and now expects a terminal rate of 3.5% (versus >4% before the June FOMC meeting). Even though lower STIR pricing should be negative for the USD, the growth concerns has sparked further risk off concerns and have seen safe haven flows into the USD. The USD is usually inversely correlated to the global economy and trade, appreciating when growth & inflation slows and depreciates when growth & inflation accelerates. Further expectations of a cyclical slowdown and continued tight monetary policy expectations has seen investors shun risk assets and even bonds (usually considered a safe haven), and the USD has been a key benefactor of the rush to safety in recent weeks. The current high inflation has meant that bonds have not been sought as a safe haven with a strong stock-to-bond correlation, and this has caused big bond outflows. With bonds not fulfilling its usual save haven role the USD has been the haven of choice. The bias remains bullish , but with stretched tactical and CFTC positioning we don’t want to chase the USD higher right now. POSSIBLE BULLISH SURPRISES As aggressive Fed policy has been supporting the USD, any incoming data that sparks further aggressive hike expectations, or comments from the FOMC that signals even more aggressive policy could trigger bullish reactions. As the cyclical outlook continues to weaken, the USD’s safe haven status matters. Any incoming data that exacerbates fears of recession and triggers a big flush in risk assets and triggers a rush to safety should be positive for the USD. Further outflows in US bonds means more USD safe haven appeal. So, watching key triggers for further upside in bond yields like rising commodity prices, rising inflation expectations and upside surprises in inflation data could also trigger further USD bullish reactions. POSSIBLE BEARISH SURPRISES Even though the USD has been trading like a safe haven, the worse growth data continues to get, the higher the likelihood of a ‘Fed Put’ in the months ahead. Thus, extremely bad growth data could trigger short-term bearish reactions in the USD. The USD is trading close to cycle highs while aggregate CFTC positioning is close to prior highs which acted as local tops. Thus, stretched positioning could make the USD vulnerable to short-term mean reversion, but finding strong enough bearish catalysts has been tricky recently. With a lot already priced for the Fed, it won’t take much to disappoint on the dovish side. Any FOMC comments that suggests more concern about the economy than inflation could trigger bearish reactions in the USD, but with inflation so high any major dovish pivots seem unlikely for now. BIGGER PICTURE The fundamental outlook for the USD remains bullish as long as the Fed stays aggressive and cyclical concerns put pressure on risk assets. But we want to be mindful that lots has been priced for the USD, and as growth deteriorates, it could start to weigh on the USD if markets start pricing in a ‘Fed Put’, even though current inflation suggests any dovish pivot seems a while away. Also, as the safe haven of choice any further recession focused downside in risk assets could continue to prove supportive for the USD. In the short-term though, with positioning in mind, we prefer much deeper pullbacks for new med-term USD longs and would look for short-term catalysts that offer short-term bearish sentiment-based trades. JPY FUNDAMENTAL OUTLOOK: BEARISH BASELINE The Yen has seen a lot of depreciation this year driven by very negative fundamentals. Yield differentials has by far had the biggest negative impact. With other major central banks starting aggressive hiking cycles, it has lifted yields quite dramatically, which has seen yields like US10Y push considerably higher than 10-year Japanese yields capped at 0.25% by yield curve control. That means dovish monetary policy remains a key negative driver. Despite inflation starting to push higher in Japan, and despite the lessons from other central banks, the BoJ once again stayed very dovish at their July meeting. Even though the JPY is considered a safe haven, inflows has been limited compared to other cycles. The reason is Japan’s current account surplus (a main reason for safe haven appeal) has deteriorated due to the rise in commodity prices. Japan imports the bulk of their commodities , so very high energy prices has added to downside. The BoJ and MoF’s reluctance to intervene to stop the rapid depreciation in the JPY in recent weeks has been noticeable. As long as they just voice their dislike but fail to act, the market will keep testing them. Having said that, if US10Y and commodities start reacting more negatively to the currency negative cyclical growth outlook it could ease a lot of the JPY’s pressure and given positioning could see some sizeable upside in the short-term. POSSIBLE BULLISH SURPRISES Catalyst that triggers speculation that the BoJ could drop YCC or hike rates or both (big upside surprises in inflation ) could trigger upside in JPY, which means inflation data will be important to keep on the radar. Catalysts that trigger meaningful corrections in US10Y (less hawkish Fed, faster deceleration in US inflation , faster deceleration in US growth) or meaningful bouts of risk off sentiment could trigger bullish reactions from the JPY. Any catalyst that triggers meaningful downside in key commodities like Oil (deteriorating demand outlook, ease in supply shortage) could trigger bullish JPY reactions. Any intervention from the BoJ or MoF to stop JPY depreciation (buying the JPY or giving firm and clear lines in the sand for USDJPY ) could offer decent reprieve for the JPY. POSSIBLE BEARISH SURPRISES With yield differentials playing such a huge role for the JPY, any catalysts that push US10Y higher (more aggressive Fed, further acceleration in US inflation , better-than-expected US growth data) could trigger further bearish price action for the JPY. Any catalyst that creates further upside in oil prices (further supply concerns, geopolitical tensions) poses downside risks for Japan’s current account surplus and could trigger further bearish reactions in the JPY. Further reluctance from the BoJ and MoF to address the concerning depreciation in the JPY, and further reluctance from the BoJ to pivot away from very dovish policy is a continued negative driver for the JPY to keep on the radar. If the BoJ pushes back against calls for a policy shift despite upside surprise in CPI could trigger further JPY downside. BIGGER PICTURE The fundamental outlook remains bearish for the JPY, especially after the BoJ once again stuck to the same overly dovish script at their July meeting. As long as US10Y gains ground and as long as the BoJ stays stubbornly dovish and no push back is made against the JPY weakness from the BoJ or MoF, the bias remains lower. But take note of positioning which means we don’t want to chase the JPY lower and bullish reactions can see outsized upside on big drops in US10Y & commodities . It also means watching incoming CPI data closely as any huge upside surprises could trigger speculation of a possible policy shift.
by thunderpips