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Usd-jpy-sell

USDJPY Forming a bear flagHey Traders, USDJPY is forming a bear flag and now seems to be approaching an important weekly zone of 132 if we get a decent rejection i would target more lows. Fundamentally US data continue to print soft and signal no more rate hike from fed as inflation tensions are easing so the market is expecting more of a dovish upcoming monetary policies. JPY is considered also a safe haven along with CHF so i expect both to have a likelihood to outperform USD. Feel free to ask any question in the comment section. Trade safe, Joe.
Short
by JoeChampion
6
USDJPY Breakout and potential retraceHey traders, USDJPY was trading in an uptrend but successfully managed to break it out as the environment of USD continue weakening. Fundamentally there are high expectations on a less restrictive monetary policy from the US as inflation tensions have eased. in a second point JPY is considered a safe haven with current banking sector crisis. Technically we will be watching a potential retrace of the trend around 132.2 support and resistance zone. Trade safe, Joe.
Short
by JoeChampion
15
USDJPY approaching an important supply zoneHey Traders, USDJPY is trading in a descending channel and extending pullbacks seems to be approaching the channel resistance around 131.7 Supply and demand zone. if the rejection is confirmed i would set the channel support as a target around 127.500 zone. Fundamentally JPY is considered a safe haven with current banking sector crisis and BoJ monetary policy changes expectations and the last FOMC have showed dovish sentiments from the fed since he didn't mentioned any further rate hikes in his speech. Trade safe, Joe.
Short
by JoeChampion
34
USDJPY Potential DownsidesHey Traders, USDJPY was trading in an uptrend, but after Friday's NFP data USDJPY managed to breakout the trend and now in a correction phase. i expect USD to be more weak in the short term until the release of CPI data by Tuesday so we can have a more clear vision of fed monetary policy. High CPI indicates more of a restrictive monetary policy so more of a strong dollar and USDJPY upsides. a soft CPI indicates more of a dovish FOMC and then more USDJPY downsides. Technically we noticed the breakout of the uptrend so i will be monitoring USDJPY for a potential retrace of the trend around 136.1 zone. in case CPI is soft by Tuesday i would set 132.7 as a target as it's the next decent resistance and support zone the pair will be facing. Trade safe, Joe.
Short
by JoeChampion
18
USD/JPY SHORTMy First Post!!! Looking for sell setups on USD/JPY around the 143.350 price level. if price drops to 142.450, ill buy a long setup and ride it out to 143.350 and take profits and open a sell trade once i see rejection from 143.350 resistance. Its 's also a possibility it reaches the price 146.800-147.000 from the high in 1996. This opportunity comes once in a lifetime, let's get these gains. i'll keep watch of the charts and i'll post my ideas accordingly. Let's make some Money this week!
Short
by DaBeastTrades
1
USD/JPY LOOKING BEARISH HEREwith the dollar looking too loose some strength this week and how horrily weak the jpy pairs have been, it makes sense we see a Correction with the USD/JPY pair looking to enter shorst at this bos area we have a clean retest and rejection from also as shown in the image we can see clearly we had a Backtest retest rejection of the DBL trend now this would have been the idea sniper entry, but ill take BOS and cho ch at this point bos = break of structure ch o ch = change of character
Short
by therealbinarymaster