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JUST (JST)JUST is a decentralized finance ecosystem built for the TRON blockchain. It is a decentralized stablecoin lending platform known as JustStable in which users can deposit supported collateral tokens and then mint and withdraw USDJ. Anyway, JST behavior is straightforward: an upward phase followed by a correction phase, which ended at 0.618 Fib retracement. After JST broke the downtrend line, it took a while to gather momentum and attack the major trend line, which JST has touched eight times so far and is currently trying to break. First, JST needs to break this line if wants to go higher. Let's see what happens.
CRYPTO:JSTUSDLong
by SaeedSalehinia
USD/JPY: Earthquake Fallout and Technical Signals Shape Trading USD/JPY: Earthquake Fallout and Technical Signals Shape Trading Dynamics The Japanese Yen (JPY) faces early selling pressure on the first trading day of 2024, weighed down by the aftermath of a devastating earthquake in central Japan. This unfortunate event, coupled with a recovering US Dollar (USD) and rising US Treasury bond yields, contributes to the USD/JPY pair distancing itself from recent lows. Earthquake Impact and Thin Trading Volumes: The seismic tremors in central Japan cast a shadow on the domestic currency, influencing market sentiment in a day marked by relatively thin trading volumes. The immediate impact on the Japanese Yen underscores the complexities of external factors impacting currency movements, adding a layer of unpredictability to the trading landscape. Technical Analysis and Bearish Signals: Examining the technical landscape, the USD/JPY pair remains ensconced within a bearish channel. Notably, the price appears to be consolidating in a range suggestive of a Bearish flag. Analysts are eyeing this pattern as a precursor to a potential fresh bearish impulse, particularly around the resistance area highlighted in the chart. The prevailing idea is one of bearish continuation in the short term. BoJ Policy Expectations: Amid the current dynamics, it's important to consider the expectations surrounding the Bank of Japan's (BoJ) policy stance. While external factors weigh on the Yen, expectations of an imminent policy shift by the BoJ act as a mitigating factor, potentially limiting deeper losses for the Japanese currency. Our preference Short positions below 143.000 with targets at 139.90 & 138.50 in extension.
Short
by FOREXN1
1
📢 Signal#:10 USD/JPY Execution by SteadyTradeAi As anticipated in the second quarter fundamental view, the Japanese Yen spent the bulk of the second quarter losing versus its main counterparts. Nonetheless, the rate of depreciation has reduced considerably as compared to the first quarter. Due to the continuous decrease in stock market volatility, it is doubtful that the anti-risk currency would attract much attention. There have been a few instances of short volatility in global mood, but no clear long-term pattern has developed. While a return in volatility remains a major source of upside potential for the Yen, the continuance of loose monetary policies globally may prevent the currency from depreciating substantially. Rather than that, the Yen's value will be closely linked to fluctuations in government bond rates. The major Yen index closely tracks the spread between Japan's and the United States' 10-year government bond rates. In contrast to their US counterparts, Japanese bond rates experienced a modest recovery in the second quarter. This comes as the Federal Reserve has frequently reaffirmed its dovish attitude, allaying fears of a faster-than-expected tapering of its bond-buying activities. However, the Fed's June rate decision showed that a beginning number of members think a rate rise is becoming more likely. As a result, expectations for policy tapering will very likely be raised. This is understandable considering the world's biggest economy's elevated inflationary pressures. On the other hand, the central bank believes that recent CPI rises are simply transitory. However, it is conceivable that pricing pressures will continue elevated. Given that the majors-based Yen index closely tracks the spread between Japan's and the United States' 10-year government bond rates, In contrast to their US counterparts, Japanese bond rates experienced a modest recovery in the second quarter. This comes as the Federal Reserve has frequently reaffirmed its dovish attitude, allaying fears of a faster-than-expected tapering of its bond-buying activities. However, the Fed's June rate decision showed that a beginning number of members think a rate rise is becoming more likely. As a result, expectations for policy tapering will very likely be raised. This is understandable considering the world's biggest economy's elevated inflationary pressures. On the other hand, the central bank believes that recent CPI rises are simply transitory. However, it is conceivable that pricing pressures will continue elevated. == == 📢 Signal#:10 🏦 OrderType: Buy 💰 OrderSize: 1.00 💱 Symbol: USDJPY 🇺🇸🇯🇵 📈 OpenPrice: 109.776 ⏰ Expiration: -/-- 🎯 TakeProfit: 0.000 🛑 StopLoss: 0.000
Long
by SteadyTradeAI
2
USDJPY profit target reached, prepare to buy againBuy above 112.55. Stop loss at 112.00. Take profit at 114.00. Reason for the trading strategy (technically): Price bounced nicely and reached our profit target before retracing strongly. We remain bullish above major support at 112.55 (Fibonacci projection, multiple horizontal swing low supports) and we expect to see price make a bounce above this level towards 114.00 resistance (Fibonacci retracement, recent swing high resistance, horizontal overlap resistance). Stochastic (21,5,3) is bouncing nicely above our 8% support.
Long
by theforexarmy