USDJPY Potential for Bullish Continuation| 21st Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.652 where the 100% projection and 23.6% retracement sits to take profit at 144.918 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 139.518 where the 38.2% retracement and 61.8% projection sits
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.
Usd-jpy
USDJPY Potential for Bullish Continuation| 20th September 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.652 where the 100% projection and 23.6% retracement sits to take profit at 144.916 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 139.518 where the 38.2% retracement and 61.8% projection sits
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.
USDJPY Potential for Bullish MomentumOn the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 142.570 where the previous swing low sits to take profit at 145.007 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 141.500 where the 23.6% retracement sits
Please be advised that the information presented on Trading View 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.
USDJPY Potential for Bullish Continuation| 19th September 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.652 where the 100% projection and 23.6% retracement sits to take profit at 144.941 where the previous swing high and 161.8% extension sits. Our stop loss is placed at 139.381 where the 38.2% retracement sits
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.
USDJPY 4hour Analysis September 18th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: We are still unbelievably bullish on UJ but price action does seem to be slowing down since we hit 145.000.
The most likely scenario is price action continuing bullish and rallying back into 145.000. Look for a break above 145.000 to continue higher.
Trade scenario 2: For us to look at UJ more bearish we would need to see the rejection from 145.000 follow through.
This would mean price action breaks lower now and starts forming lower highs. Look to target lower toward 140.000.
USDJPY Potential For Bearish DropOn H4, with the RSI is showing a descending trendline and MACD is showing a bearish divergence, as well there's a potential "double m" pattern, we would hold a bearish bias. If the price can break the sell entry at 141.983, which is the "neckline" of the double M pattern, we can expect the price drop to the take profit at 139.396, which is in line with the 38.2% fibonacci retracement.
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.
USDJPY Potential for Bullish Continuation| 16th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.601 where the 100% projection and 23.6% retracement sits to take profit at 144.918 where the previous swing high sits. Our stop loss is placed at 139.518 where the 38.2% retracement sits
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.
USD/JPYUSD/JPY
Japanese Treasury is looking for ways to strengthen the yen through foreign exchange intervention: for example, you can sell short-term US government debt, get dollars and buy the yen on the open market. or use the reserves held by the New York Fed. A decision may be made before the end of the week, but it has not been officially announced. We follow the balance of trading volumes, as well as the fundamental background for the dollar and the yen.
USDJPY Potential for Bullish Continuation| 15th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- We're looking for a pullback buy entry at 141.601 where the 100% projection and 23.6% retracement sits to take profit at 144.918 where the previous swing high sits. Our stop loss is placed at 139.518 where the 38.2% retracement sits
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.
Today’s Notable Sentiment ShiftsJPY – The yen rose over 1% on Wednesday after the Bank of Japan conducted a rate check, possibly in preparation for currency intervention.
Summarising the market’s current view, CIBC stated: “Most market participants are on pins and needles awaiting whether or not we’re going to get any sort of intervention from the ministry of finance in Japan. It’s one of those things where we’ve seen comments so many times about the fact that they’re watching and monitoring the yen. The fact that they did a rate check overnight kind of indicates we’re in greater proximity toward intervention. But just intervention by itself we don’t think is going to be all that successful outside of an immediate knee-jerk reaction.”
Dominant Currency Sentiment - JPY loses momentumThe market focus remains on JPY and the possibility of intervention by Japanese financial authorities. However, European market participants appear more sceptical.
Indeed, ING analysts note: "Never say never. They have been stepping up the rhetoric lately. But I would be cautious about the inevitability of their intervening. Japan is a signatory to the G20 and they have got policies about not intervening."
Similarly, the Norinchukin Research Institute's chief economist argues: "My feeling is that the MOF won't intervene at this stage and will leave it at verbal warnings. There's still a week before the Fed's rate-setting meeting. I don't think markets believe the ministry will intervene at current dollar/yen levels."
Given the more sceptical stance market participants are now taking, JPY remains firmer on the day but has since lost the majority of its earlier momentum.
Looking ahead, today's US economic calendar is light on tier one data, keeping the market's focus tilted towards JPY and the possibility of intervention, alongside broader themes such as the prevailing risk tone.
Focus will then shift towards economic data in the following Asia-Pacific session, with the release of New Zealand GDP and Australian employment.
USDJPY Potential for Bearish MomentumOn the H4 chart, prices are still moving in an ascending trend signaling bullish momentum-however, it looks like its forming a double top- we're looking for a short term short position. Pull back sell entry at 145.062 to take profit at 141.488 where the 23.6% retracement sits and stop loss at 139.428 where the 61.8% projection and 38.2% retracement sits
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Signal Centre’). 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 Signal Centre.
USDJPY Potential for Bearish Continuation| 14th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum-however, it looks like its forming a double top- we're looking for a short term short position. Pull back sell entry at 144.918 to take profit at 143.772 where the 61.8% projection sits and stop loss at 145.840 where the 127.2% extension sits
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.
USDJPY Potential for Bullish Continuation| 13th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- we're looking for a pull back buy entry at 141.652 where the 23.6% retracement sits with the take profit placed at 144.918 where the 161.8% extension sits. our stop loss is placed at the overlapping support 139.518 where the 38.2% retracement and 61.8% projection sits
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.
USDJPY H1: Bearish outlook seen, further downside below 143.50On the H1 time frame, prices are facing bearish pressure from its resistance zone at 143.50, in line with the Fibonacci confluence levels where we could see further downside to the support-turned-resistance zone at 140.80. Prices are holding below Ichimoku cloud as well supporting the bearish bias. A break below the downside confirmation level at 141.78 could provide the bearish acceleration for further downside in prices.
USDJPY Potential for Bearish TrendOn the H4 chart, price is still moving along the ascending trendline hence we are bullish bias. We're looking at a pull back sell entry if price look to test the 145.062 levels again to take profit at 141.488 where the 23.6% retracement sits. Our stop loss is placed at 139.428 where the overlapping support and 38.2% retracement sits.
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.
USDJPY Potential for Bullish Continuation| 12th Sept 2022On the H4 chart, prices are still moving in an ascending trend signaling bullish momentum- we're looking for a pull back buy entry at 141.652 where the 23.6% retracement sits with the take profit placed at 144.906 where the 161.8% extension sits. our stop loss is placed at the overlapping support 139.349 where the 38.2% retracement and 61.8% projection sits
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.
USDJPY 4hour Analysis September 11th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: UJ is overall bullish and is still far away from being considered bearish.
The most likely move is a continuation at confluence near our 38.2% fib level & 140.000 zone.
Look to target higher toward 0% & our -27%.
Trade scenario 2: For us to start looking at UJ more bearishly we would need to see a break below our 140.000 with very convincing structure below.
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!