Usd-jpy
USDJPY Potential for Bullish Continuation| 8th September 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 sits
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USDJPY Potential for Bullish Continuation| 7th September 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 142.773 where the previous swing low sits with the take profit placed at 144.835 where the 161.8% extension sits. our stop loss is placed at the previous swing low 141.472 where the 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 Outlook (7 Septeber 2022)The USDJPY reaches and breaches 142 as previously analysed.
The USDJPY consolidated at the 140.50 price level before breaking out strongly to reach a high of 143.
With the upward trendline on the daily timeframe, and the 161.80 fib level showing the potential target level of 145, the USDJPY could continue climbing towards that price level before a strong deep correction to the downside.
USDJPY Potential for Bullish Continuation| 6th September 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 139.362 where the previous swing high sits with the take profit placed at 140.802 where the previous swing high sits. our stop loss is placed at the previous swing low 138.217 where the previous swing low and 23.6% 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 Potential for Bullish Continuation| 6th September 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 139.362 where the previous swing high sits with the take profit placed at 140.802 where the previous swing high sits. our stop loss is placed at the previous swing low 138.217 where the previous swing low and 23.6% 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 5th, 2022USDJPY Bullish Idea
Weekly Trend: Bullish
Daily Trend: Bullish
4hour Trend: Bullish
Trade scenario 1: Looking bullish overall and we’re currently seeing no signs of slowing down.
The most likely scenario is that we continue bullish without structure. It looks like at most we may see a higher low near 139.000 before continuing higher.
Trade scenario 2: For us to even think about looking for shorts on UJ we need to see a significant break below 137.000 with a lower high below.
USDJPY Up 11%The USDJPY is now up another 1% since the previous post, taking it to 11%
from the breakout which occurred on Apr 11, 2022.
We see a clear pattern of higher highs and higher lows, indicating that a bullish
trend is in play and as long as this pattern continues, we are likely to see further
moves to the upside.
There are previous highs above price but we can ignore these as they were
formed over ten years ago and are not very likely to act as strong levels of resistance.
We currently have positions in play for this forex pair and will look to compound
if the trend continues.
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USDJPY Potential for Bullish Continuation| 5th Sept 2022On the H4 chart, we're looking for a pull back buy entry at 139.906 where the previous swing low sits with the take profit placed at 141.841 where the 127.2% extension sits. our stop loss is placed at the previous swing low 138.263 where the previous swing low and 23.6% 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.
NonFarmPayroll Prep (USDJPY)NFP analysis for the first Friday of the month! The expectation is for an increase of 295K with last month released at 528K (The previous month's forecast was 250K). And relatively unchanged in terms of the unemployment rate and average hourly earnings. If the data is released better than expected, the USD should strengthen.
Is the USDJPY likely to continue climbing higher?
Or is it set up for a strong reversal?
Typically strong US NFP employment data is would result in a strengthening of the DXY and for the USDJPY to climb higher.
The USDJPY could climb towards the 142 resistance area before possibly staging a strong reversal, as the Stochastic look to turn out of the overbought area.
On the reversal, the first target level would be the 139.40 support level.
USDJPY Potential for Bullish Continuation| 2nd Sept 2022On the H4 chart, we're looking for a pull back buy entry at 139.367 where the previous swing high and overlapping support sits with the take profit placed at 140.302 where the 78.6% projection sits. our stop loss is placed at the previous swing low 138.078 around the 61.8% projection area as well as the previous swing low
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.