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Usd-jpy

USD/JPY:Trading participants appear hesitant to make big bearishTrading in USD/JPY is restricted to a small range as investors eagerly anticipate the FOMC decision. Throughout the early portion of Wednesday's European session, the USD/JPY pair struggles to generate any noticeable momentum and swings between tepid gains and modest losses. As traders look hesitant and anxiously await the results of a two-day FOMC monetary policy meeting, spot prices linger below the mid-130.00s. On Monday, the USD/JPY pair experiences some intraday selling at the 130.30 region and declines by more than 100 pip from the day's peak. However, spot prices are still firmly inside a trading range that dates back a week and have now appeared to have stabilized above the mid-129.00s during the early European session. Fresh concern that high inflation may prompt a more hawkish posture from the Bank of Japan later this year is continuing to bolster the Japanese Yen (JPY). In addition, a generally negative outlook for the equities markets supports the safe-haven JPY. The USD/JPY pair has some downward pressure as a result, which adds to the overall adverse sentiment around the US Dollar and the intraday decline. In fact, as expectations for a less aggressive Fed policy tightening increase, the USD Index, which measures the value of the dollar against a basket of currencies, is currently hovering close to a multi-month low. The markets appear to be confident that the US central bank would moderate its aggressive approach and announce a lower 25 bps rate hike on Wednesday at the conclusion of a two-day meeting. This impacts on the USD and keeps US Treasury bond yields low. Trading participants appear hesitant to make big bearish wagers on the USD/JPY pair as the significant central bank event risk approaches. In addition, remarks made by BoJ Governor Kuroda Haruhiko, who stated that the bank must maintain its loose monetary policy and 2% inflation objective, limit the JPY's upward potential. This calls for more care before positioning for any appreciable significant fall, at least initially.
by FOREXN1
8
230130 - CORRECTION - USD/JPY Price Action AnglesCorrection. I didn't realise I published the wrong view of the chart. And now also learned that Tradingview only allows for 15minutes to correct mistakes. Recap: USD-index #DXY is short long term. JPY is long term. USD/JPY is short long term. Therefore: The breakout will be in the direction of precious impulsive moves down. Because USD is short and JPY is long, I was expecting this JPY-pair to produce the biggest move on all JPY-crosses. Introduction Last week, full of confidence I called a significant down-move on USD/JPY. It hasn't happened yet, while USD/JPY price action in the past week has been frustrating, insomuch that it is stuck. But then; the longer the market congestion, the more violent the breakout. In times like this when Price Action traders like to quote Munehisa Homma, "There are three market phases; buying, selling, and resting.", I would rather say that the resting period is the busiest time, because that’s when there is time to delve deeper into Price Action; Price Action Angle Is an analysis method in which the speed of buying or selling in a wave is measured. For an up-move, we draw a straight line from a swingpoint-low, where a wave starts, to the swingpoint-high, where it ends, and visa versa for a down-move. We measure this angle with the x-axis In up-waves these angle may get steeper as time progresses, which means increased buying-pressure. And visa versa in down waves Or if the angles are getting shallower, the buying/selling pressure is waning. This means: In congested zones: that a breakout becomes immanent in the direction of the steeper angles. In trends: that the trend is intensifying, and blow outs become more likely. Market Breadth; It's a phrase I borrowed from the stock market. ‘Market Breadth’ is an indicator that measures the ratio between the number of advancing stocks, and number of declining stocks. In FX Price Action analysis, you can measure the range of the rise and decline in each subsequent wave, and the time it takes to cover the range. If the range is getting larger, the intensity of buying/selling is increasing, and visa versa if the range is getting smaller. In the illustration, the market breadth is getting smaller. --- I didn’t even put it on the chart to avoid overloading the illustration. In ranging markets this may be an indication of immanent breakout, if the volume rises. When we apply this to USD/JPY: Firstly; This is a bad example because USD/JPY is currently a mixed bag of everything. It has no structure at all. Still, Price Action Angles can be deduced: After the knock-back of 24 January, that down-waves are getting steeper - ever so slightly, and the up-waves are getting shallower - ever so slightly. Last week I called an open at 130 and a stop at 131.00. This is still valid, and I’m still in the trade. Although now I would call an open at 131.00. Other JPY-crosses proof more promising. EUR/JPY and CHF/JPY support the idea that the JPY is long (meaning USD/JPY should short, depending on USD) CHF/JPY is even close to breaking its congestion channel. It’s just USD/JPY that’s holding on.
UShort
by UnknownUnicorn39208297
2
230130 - USD/JPY - Price Action Angles and Market BreadthIntroduction In my post Last week, full of confidence I called a significant down-move on USD/JPY. It hasn't happened yet, while USD/JPY price action in the past week has been frustrating, insomuch that it is stuck. But then; the longer the market congestion, the more violent the breakout. In times like this when Price Action traders like to quote Munehisa Homma, "There are three market phases; buying, selling, and resting.", I would rather say that the resting period is the busiest time, because that’s when there is time to delve deeper into Price Action; Recap: USD-index #DXY is short long term. JPY is long term. USD/JPY is short long term. Therefore: The breakout will be in the direction of precious impulsive moves down. Because USD is short and JPY is long, I was expecting this JPY-pair to produce the biggest move on all JPY-crosses. Price Action Angle Is an analysis method in which the speed of buying or selling in a wave is measured. For an up-move, we draw a straight line from a swingpoint-low, where a wave starts, to the swingpoint-high, where it ends, and visa versa for a down-move. We measure this angle with the x-axis In up-waves these angle may get steeper as time progresses, which means increased buying-pressure. And visa versa in down waves Or if the angles are getting shallower, the buying/selling pressure is waning. This means: In congested zones: that a breakout becomes immanent in the direction of the steeper angles. In trends: that the trend is intensifying, and blow outs become more likely. Market Breadth; It's a phrase I borrowed from the stock market. ‘Market Breadth’ is an indicator that measures the ratio between the number of advancing stocks, and number of declining stocks. In FX Price Action analysis, you can measure the range of the rise and decline in each subsequent wave, and the time it takes to cover the range. If the range is getting larger, the intensity of buying/selling is increasing, and visa versa if the range is getting smaller. In the illustration, the market breadth is getting smaller. --- I didn’t even put it on the chart to avoid overloading the illustration. In ranging markets this may be an indication of immanent breakout, if the volume rises. When we apply this to USD/JPY: Firstly; This is a bad example because USD/JPY is currently a mixed bag of everything. It has no structure at all. Still, Price Action Angles can be deduced: After the knock-back of 24 January, that down-waves are getting steeper - ever so slightly, and the up-waves are getting shallower - ever so slightly. Last week I called an open at 130 and a stop at 131.00. This is still valid, and I’m still in the trade. Although now I would call an open at 131.00. Other JPY-crosses proof more promising. EUR/JPY and CHF/JPY support the idea that the JPY is long (meaning USD/JPY should short, depending on USD) CHF/JPY is even close to breaking its congestion channel. It’s just USD/JPY that’s holding on.
UShort
by UnknownUnicorn39208297
USDJPY Long After a Break of the Confluence Zone at 131 🦐Based on the 4 hour timeframe, the USDJPY pair is currently in a bearish trend, as evidenced by its price action inside a descending channel. The market has recently tested the upper trendline of the descending channel with equal highs and rising lows, this could indicate a potential bullish reversal and a shift from bearish to bullish momentum. The price of USDJPY was rejected by the daily resistance at the 131 level and tested the 50% level of the Fibonacci retracement, this could indicate that the bears are still in control of the market, but the bulls may be trying to regain momentum. We can consider trading a long order on USDJPY, after a break of the resistance zone at the 131 level, confirm the clear break above the confluence zone, and set a position according to the Plancton's strategy. Using multiple timeframes, and tools can help validate the trade setup and adjust your trade as needed.
by InkyGrip
6
USDJPY: Reached the top of the Channel. Rejection possible.The USDJPY pair has reached the top of the Channel Down after a a rebound two weeks ago near both its bottom and Support 1. The 1D technicals remain bearish (RSI = 43.265, MACD = -1.260, ADX = 20.176) prompting to a continuation of this downward trend. The short-term target is Support 1, with a break below it capable of inflicting an extension as low as the bottom of the Channel Down. In the same way, a break above the Channel Down is technically capable of testing the 134.475 - 134.750 Resistance Zone where a Double Top wa previously formed, or at least the 1D MA50, which has been unbroken since November 10th. The RSI's Rectangle can be a guide for buying/ selling inside the Channel Down. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
2
USDJPY short term analsyis 🦐USD/JPY on the 4-hour timeframe is currently testing a key resistance level. The recent low in price has established a support level, which suggests that we can see a short-term bullish momentum. A break above the resistance level would be a buying signal if the strategy will be satisfied. Traders should watch for a bullish candle such as a long green candle, which would confirm the breakout and further support at the bullish outlook. A series of rising lows and equal highs can indicate that the price is building momentum to the upside. This signals that buyers are becoming more aggressive and that the bulls are pushing the price higher. A break above the resistance level would indicate that a bullish short-term momentum can happen.
by InkyGrip
6
USDJPY Potential for Bearish Drop towards previous swing lowLooking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 130.018, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 131.115, where the recent swing high is. Take profit will be at 127.215, where the previous swing low was. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USDJPY Potential for Bearish Drop towards previous swing low Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 130.018, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 131.115, where the recent swing high is. Take profit will be at 127.215, where the previous swing low was. my buy entry is at 130.018, taking a profit at 127.215 and stop loss at 131.115 Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USDJPY H1: Bullish outlook seen, further upside above 128.80On the H1 time frame, prices are approaching the support zone at 128.80, in line with the Fibonacci confluence levels and a throwback to this zone could present an opportunity to play the bounce to the resistance zone at 130.50. Stochastic is approaching support at 3.90 supporting the bullish bias. A change in market structure on the lower time frames, following the break of the most recent high could provide confirmation for a higher probability setup.
Long
by T3-Consultancy
USDJPY Potential for Bearish Drop | 26th January 2023Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price crossing below the Ichimoku cloud, indicating a bearish market structure. Looking for a pullback sell entry at 130.018, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 131.115, where the recent swing high is. Take profit will be at 127.215, where the previous swing low was. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
Short
by Rockqet
Opportunities in the CHF/JPY 24/01/2023Upon analysing the market, we have identified an opportunity in the CHF/JPY currency pair. A thorough examination of the 4-hour chart reveals that this pair has been adhering to a downtrend, utilizing it to drive momentum to the downside. Following a decline of over 650 pips, the price appears to have undergone a corrective move to the upside, which can also be referred to as an ABC pattern. This move has created a slope support, which has now been breached. Additionally, we can observe the MacD weakening and transitioning downwards. We believe that taking profit at around 138.85 then 135.75 would be a wise decision.. Subscribe to Substack to receive a FREE newsletter about possible opportunities in the market as well as understandable and relevant news in the market for all level of traders.
by BTCTIMELAPSE
USDJPY 4hour Analysis January 22nd, 2023USDJPY Bearish Idea Weekly Trend: Bearish Daily Trend: Bearish 4hour Trend: Bearish Trade scenario 1: Clearly we are bearish overall and in a healthy trend. Going into this week we’re looking for the trend to continue bearish. Ideally, we can spot clear rejection from our 131.000 area and enter short. Trade scenario 2: If we are to consider a bullish scenario we would first need to see a break of 131.000 resistance and form structure above.
Short
by ForexLeague
2
USD/JPY:SELL From Resistance Areas For a SHORT SetupUSD/JPY in the last night The National Consumer Price Index, released by the Statistics Bureau released a positive output for the price movements of the retail prices of a representative shopping basket of goods and services. The JPY has reacted with a strong bullish impulse from the bottom of 127.500 but, the price is still inside a bearish main trend where today or in the next session we can have a retracement of the market or in the direction of the primary trend or eventually the breakout of the dynamic trendline and Resistance areas may give to the JPY a change of the trend.
Short
by FOREXN1
6