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Usdjjpy

Weekly FOREX Forecast Oct. 28: USDJPY Is a BUY This Week! The JPY has been weak and will continue to trend downward. The USD is supported by favoring fundamentals, and will likely continue its current bullish leg. Patience will pay you this week. Wait for valid buy setups. Sells are countertrend and lower probability, imo. Buy USDJPY. Sell JPY Futures. Enjoy! May profits be upon you. Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Short
by RT_Money
BOJ Intervention Needed as Yen Continues to WeakenAs avid participants in the forex market, we must remain vigilant and proactive in monitoring this situation, as it may have significant implications for our trading strategies and overall market stability. The USDJPY exchange rate has experienced a persistent upward trend in recent weeks, primarily driven by the yen's continuous depreciation. This trend can have far-reaching consequences for global trade, investment flows, and economic stability if left unchecked. It is high time that we collectively address this issue and urge the Bank of Japan (BOJ) to intervene appropriately to restore balance and mitigate the potential risks of such rapid currency fluctuations. The BOJ's intervention is crucial to ensure that market forces do not push the yen into a fragile position, which could lead to unintended consequences. While some currency depreciation can benefit export-oriented economies, an overly weakened yen may spark concerns of competitive devaluation, leading to retaliatory measures and a destabilized international trading environment. Therefore, I implore each of you to monitor the USDJPY exchange rate in the short term closely. Keep a watchful eye for any signs of a potential dip in this currency pair, as it could indicate an opportune moment for the BOJ to step in and stabilize the yen's value. We can collectively contribute to maintaining a balanced and fair forex market by staying informed and alert. Additionally, I encourage you to spread awareness about the importance of BOJ intervention among your fellow traders, colleagues, and industry contacts. Let us unite in our call for action, urging the BOJ to take appropriate measures to address the weakening yen. Together, our voices can carry weight and help safeguard the stability of the forex market. In conclusion, let us remain proactive, concerned, and engaged in monitoring the USDJPY exchange rate. By doing so, we can actively encourage the BOJ to intervene when necessary, ensuring a more stable and predictable forex market for all participants.
by bryandowningqln
14
[TRADE CLOSED] Position Went As Expected +340 PipsQuick update for you on this position after getting the entry signal on Friday and the intial 200 pip pop were we had closed 50% of the position and moved the STOP to entry price (which nearly got hit yesterday). You can now see its moving nicely towards the 139 area I talked about in Friday's post the PMI numbers helping price go above 137 today I have now closed 80% of the position and moved the stop loss to 136.500 as I suspect sellers might come back in soon towards 138. All in all it was a great trade with the entry signal of the indicator near perfect you can read my related posts to see exactly why I entered when I did.
Long
by TheFxAce
3
USDJPY Impulse Bear Move| Range Support| Resistance Confluence Evening Traders, Today’s Analysis – USDJPY – Impulse move into daily support with an oversold bounce recovery. A swing low failure in the RSI will show strength, immediate target will then be range resistance. Points to consider, - Trend oversold bounce - Range support retest - Resistance confluence (200&21 MA, Range Mid-Point) - RSI below 50 (Weakness) - Stochastics projected up USDJPY is currently testing resistance, multiple confluences with the range midpoint and the Moving Averages. Price is likely to retrace back into Range Support (Retest) to solidify an S/R Flip. The RSI is below 50, indicating weakness in the market. If the RSI puts in a swing low failure at Range Support, this will indicate a probable bounce. The Stochastics current momentum is shifted up, no official sell cross, it can stay here for an extended period of time. Overall, in my opinion, USDJPY is likely to retest Range Support; this will solidify the level with the immediate target being Range Resistance. A further sell off is likely at Range Resistance due to the magnitude of the impulse sell off. What are your thoughts? Please leave a like and comment, And remember, “The market is a device for transferring money from the impatient to the patient.”- Warren Buffet
Long
by AzizKhanZamani
8