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Shortusdjpy

USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024 The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY. At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today. /// SELL USDJPY : zone 153.250 - 153.550 SL: 153.850 TP: 60 - 100 - 250 pips (151.050) Safe and profitable trading
Short
by Moon-ForexAcademy
2
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024 The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY. A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday. H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down /// SELL USDJPY : zone 151.850 - 152.050 SL: 152.500 TP: 50 - 100 - 250 pips (149.550) Safe and profitable trading
Short
by Moon-ForexAcademy
2
USDJPY SHORTThe USDJPY currency pair is likely to experience a significant correction , moving downward from its current position at 132.795 (even though JPY is weak). I anticipates that the price will find support at key technical levels, on the 50EMA, 200EMA, and 800EMA respectively. The 800EMA is expected to represent a deep correction, while the 50EMA and 200EMA are considered to be decent levels at which the price could stabilize before potentially reversing to the upside. In the short term, I have set 132.115 as my target, with a medium-term target of 130.50.
Short
by Samuel124
1
What's next for usdjpy ?Last week usdjpy plummeted to 130. But this pair is still strong enough to hold above 130 level. So what is the scenario for this week? From my view I would prefer to sell the rally. There are 2 possible zones to go for short. 1st one is around 135.583 area (red horizontal line). 2nd one is the red rectangle area, 137.35-137.75 zone. In my humble opinion we can stop if price break above 135.583 area then re-enter arounf red rectangle zone. Stop again if the price break ABOVE 137.75. The target profit zone is the blue rectangle. Trade well and wisely. 🙏🙏🙏
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by HendyHalim
Alternative Scenario For USDJPYThis morning I posted there is chance for usdjpy to test lower trend line (red line trend) then drops. But there might be alternative scenario in case if usdjpy fails to retrace higher near to lower trend line (red line), i drew the blue trend line in case the price fails to go higher to test the lower red line. If the price breaks down lower the blue trendline then I might enter sell again cause this will open more room for usdjpy to go lower further.
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by HendyHalim
USDJPY UPDATE (FOMC and GDP ANNOUNCEMENT)21 July was the day USDJPY managed to break below the lower trend line. Just after that the pair us still running below the lower trend line. We are heading to main focus of this week, fomc and gdp announcement. I believe before the fomc there is chance for USDJPY to retrace to retest the lower trend line. And that is the moment to sell again just like what I suggested last week. The stop remains the same like I shared last week. It is somewhere ABOVE 139.40 this time. Trade well and wisely. I believe market will reward us handsomely.....😇😇😇🙏🙏🙏
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by HendyHalim
Looking to short USDJPYI have a bearish outlook on USDJPY. I am expecting price to make one last bullish attempt, before finally dropping as expected. I think the another minor push to the upside will create a double top or complete the head of the possible head and shoulders formation, from that point on i will be looking for a bearish candlestick to enter a sell. I believe that price is overextended. Initially price was making both higher highs and higher lows, but price just took off. I believe now price is exhausted on the bullish push and will now make a retracement. Like if you agree, or if you see something else feel free to comment!
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by NoCeilingsTrading
2
USDJPY Trading near Cricital Levelthe Weakness in the Dollar index might continue in the near term, after Donald Trump refused to start the stimulus program we saw a bounce in the DXY index. after that a weakness started to show which put pressure on the USDCAD and retraced down from 1.3340 to 1.3240. however the USDJPY is still holding. reaching a 4 month trend line pressure we might expect some rejection at the moment from current levels to finish a 5 wave pattern in a falling wedge triangular setup. missing leg might target 104.00 level.
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by josephdahrieh
4
USDJPYAloha! Here is a missed opportunity at the beginning of the week. I had one trade open on EURUSD L that closed for 1.5%. Focusing on that trade distracted me from a USDJPY S, regardless, here is how I was looking at: I saw a wedge pattern where price is squeezing and since we are coming from a massive move on march 26 and 27, This could be a continuation and completion of a pattern that is correcting. Overall, a consolidation, squeeze and a continued move downward. Beautiful price action with a probable 3%+ trade. 15min - 50 ema being rejecte and consolidating. 1hr - squeezing/correcting in a asymmetrical wedge if that's a thing and slight pull back to kiss the 50 ema. 4hr moving down into pattern with a bear run, continued play with it. 44 pip stop.
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by Reid_Hicks