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Jpy

Usdjpy, congrats to those who long the break up last week!Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Yup, as mentioned, if you have gone long last week..so question this week, is it gonna repeat what happened last week?Hmmmm i am starting to be more cautious Do check out my recorded video (in trading ideas) 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"! --
by Shadowing_The_Big_Boys
EURJPY - Wait For The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 EURJPY has been overall bearish , trading within the falling flat wedge pattern in red. Currently, EURJPY is approaching the upper bound of the channel acting as a non-horizontal resistance. Moreover, it is retesting a demand zone marked in green. 🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red trendline and green demand zone. 📚 As per my trading style: As #EURJPY approaches the red circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
4
CADJPY Eyes Selling Setup Amid Safe-Haven JPY DemandAttention Traders, In today's trading session, our attention is on CADJPY, with our focus directed towards a potential selling opportunity around the 112.400 zone. CADJPY is nearing a significant resistance line, marking the 112.400 supply zone. Adding depth to our analysis, it's imperative to consider the fundamental landscape. The escalation of tensions in the Middle East has contributed to heightened market uncertainty, prompting investors to seek refuge in safe-haven assets. The Japanese Yen (JPY), renowned for its stability and reliability, is particularly favored in such environments. Therefore, we are inclined towards buying JPY amidst the escalating tensions in the Middle East, leveraging its status as a safe haven during periods of geopolitical instability. With CADJPY poised to encounter resistance at the 112.400 supply zone and the safe-haven appeal of JPY amidst Middle East escalations, the convergence of these factors presents an opportune moment for a potential selling opportunity in the pair. Trade wisely, Joe
Short
by JoeChampion
USDJPY → An opportunity to get a longUSDJPY → An opportunity to get along hello guys... as you can see, usdjpy made a supply and demand zone and started forming a three-drive pattern! two of them formed so far! no on this internal trendline is a great opportunity to get a long position until this third drive that would be the next target! ___________________________ ✓✓✓ always do your research. ❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them. ❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment
Long
by melikatrader94
4
Sell GBPJPY BreakoutThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined pattern. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support level, ideally around 192.80. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at key levels below the breakout point: 190.96: This represents a potential support level based on previous price action. 190.26: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support level, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
7
Sell GBPJPY CPI DataThe GBP/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined bearish wedge pattern. This suggests a potential acceleration of the downtrend and a higher likelihood of further declines in the coming hours. Key Points: Sell Entry: Consider entering a short position (selling) below the broken support line of the wedge, ideally around 192.80. This offers an entry point close to the perceived shift in momentum. Target Levels: Initial bearish targets lie at the following points: 190.72: This represents the height of the wedge, measured from the wedge's peak to the breakout point, projected downwards from the breakout. 190.20: This is a further extension of the downside target, based on the height of the recent price movement before the breakout. Stop-Loss: To manage risk, place a stop-loss order above the broken support line of the wedge, ideally around 193.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
9
NZDJPY: Channel Up bottom buy.NZDJPY is neutral on its 1D technical outlook (RSI = 54.679, MACD = 0.060, ADX = 31.385) as it trades between the 1D MA50 and the 1D MA100. Despite the neutrality, the price sits at the bottom of the Channel Up pattern, having made its 2nd contact this month. The 1D MACD has been squeezed and is past a Bullish Cross, which has been a buy signal inside this pattern 2 out of 2 times it was formed. Consequently we turn bullish on the medium term aiming at +6.00% profit (TP = 95.500). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
2
UJDAILY Not going to lie, there's no pattern I see. Just the assumption of the one I want to see, which is not a fact so it cannot be used as a confluence. Yet we broke 152.00 which if you zoom out will confirm that we are still in a very bullish trend. Impulse, Correction, Impulse : If you zoom in. 4H We formed a bear flag and broke it impulsively, breaking at 152.00. This is where our resistance was very strong. Had a flat flag, which was also broken, 153.40. Now we are currently in another correction structure (also the high price UJ has ever seen. 1H Touch of the bottom of symmetrical triangle 3 times, so we can assume the third touch of the top will be the break to continue to the upside. It has also formed a variation of an inverse H&S which shows the further strength of the demand to the upside. Trade Idea : Wait for the break of the triangle
Long
by Mhangwane1
GJI am seeing a long sell DAILY We have struggled to break the high for the third time, telling us the ceiling is high and filled with sellers. An ascending channel is forming and within it we have another ascending channel which adds to the confluence. 4H We have a bullish channel in the smaller ascending channel. Where it is also struggling to break the high. 179.80, this gives us ideas of what to do next as we wait on the market open today which will come with the supply. 1H Impulsive bearish candles, they dragging each other. Let's stay watching 192.20 and see how the trade idea goes.
Short
by Mhangwane1
CADJPY: Follow the breakout or rejection. Low risk trades.CADJPY is just above the bullish barrier on its 1D technical outlook (RSI = 58.297, MACD = 0.230, ADX = 26.548) despite the fact that it is near the HH trendline of the Ascending Triangle and supported at the same time by the 1D MA50. Technically this calls for a decline and the minimum inside this pattern is the 1D MA200 (TP = 109.350). If it crosses over the HH trendline and closes a 1D candle over it, we will go long, aiming at the top of the Channel Up that will prevail (TP = 115.500). See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
by InvestingScope
Is BOJ's Intervention Hiding Behind Inflation Data? Is BOJ's Intervention Hiding Behind Inflation Data? Japanese inflation data is scheduled for release on Thursday, but its impact on the market might be subdued. Investors could prefer to pay attention to next week's quarterly growth and price forecasts from the Bank of Japan, which could be the real market movers. According to sources cited by Reuters, the Bank of Japan is transitioning towards a more flexible approach in its policy decisions, placing less emphasis on inflation targeting. The upcoming April 25-26 policy meeting will see the release of the Bank's quarterly growth and price projections. This shift in strategy suggests that the Bank of Japan may signal a willingness to raise interest rates irrespective of inflation forecasts, which are anticipated to remain around 2.8% or possibly dip slightly to 2.7%. On the technical side, the USDJPY pair could maintain an upward bias, with buyers potentially pushing it towards the 155.00 mark. Recent fluctuations in the USDJPY pair have prompted speculation about possible intervention by the Bank of Japan. After hitting a new high dating back to 1990 at 154.705, the pair experienced a swift and unusual downturn. Market watchers are closely monitoring the 155.00 level, considered another more likely potential intervention threshold by the Bank of Japan. Following a dip to 153.890, the pair rebounded towards 154.775, supported by neutral to hawkish remarks from US Federal Reserve officials. Fed Chair Powell, speaking at a panel discussion in Washington, highlighted the strength of the labor market and progress on inflation, suggesting the Bank was comfortable with allowing “restrictive policy further time to work”.
by BlackBull_Markets
4
GBP/JPY road to 195(4/16/2024)With JPY weakness, GBP/JPY OANDA:GBPJPY is likely heading to the 195.00 zone. the price made an ABC correction move in the last few days. We believe the price will continue to move upward after a little correction. Our technical view has been shown in the chart. If you like it then Support us by Like, Following, and Sharing. Thanks For Reading Team Fortuna -RC (Disclaimer: Published ideas and other Contents on this page are for educational purposes and do not include a financial recommendation. Trading is Risky, so before any action do your research.)
Long
by fortunamarkets
EURJPY to see a temporary move higher?EURJPY - 24h expiry Price action looks to be forming a top. A Doji style candle has been posted from the high. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 165.00 (stop at 165.50) Our profit targets will be 163.80 and 163.50 Resistance: 165.35 / 167.35 / 168.95 Support: 161.90 / 160.00 / 158.70 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.
Short
by OANDA
GBPJPY Supported by the 1D MA50.The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher High leg at +8.24% (similar to the August 22 2023 Higher High), we face a technical necessity for a strong pull-back. We are willing to take this sell only if the pair closes a 1D candle below the 1D MA50. When it does, we will take the loss on the buy and short towards the 1D MA200 (orange trend-line), targeting 186.500. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1