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USDJPY

"USD/JPY Technical Analysis: Key Levels and Trend Outlook" In the 4-hour timeframe, the USD/JPY currency pair has recently broken below its ascending trendline, indicating a shift toward a bearish sentiment. The price is currently approaching the key support zone between 151.91 and 152.46, which aligns with the 0.786 and 0.886 Fibonacci retracement levels. This area is expected to act as a significant resistance if the price attempts a pullback. The Ichimoku cloud indicates bearish momentum, with the price positioned below the cloud. Furthermore, the Alligator indicator shows a clear bearish crossover, confirming the continuation of the downward trend. The next potential target for the bearish movement is the 149.03 level, which corresponds to the 1.414 Fibonacci extension and acts as a critical support zone. Conclusion: If the price remains below the 151.91-152.46 resistance zone, further declines toward 149.03 are likely. However, a break above this resistance could invalidate the bearish scenario and signal a potential reversal. Traders should closely monitor these levels for confirmation of the next price direction.
Short
by arongroups
USD/JPY - H4 - Channel Breakout The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days. USDJPY Key Points: Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 151.30 2nd Support – 149.82 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
28
Market Analysis: USD/JPY DipsMarket Analysis: USD/JPY Dips USD/JPY is declining and showing bearish signs below the 154.00 level. Important Takeaways for USD/JPY Analysis Today - USD/JPY is trading in a bearish zone below the 155.00 and 154.00 levels. - There is a major bearish trend line forming with resistance near 153.60 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a steady decline from well above the 155.00 zone. The US Dollar gained bearish momentum below the 154.00 support against the Japanese Yen. The pair even settled below the 153.60 level and the 50-hour simple moving average. A low was formed at 152.33 and the pair is now showing bearish signs. On the downside, the first major support is near 152.20. The next major support is near the 151.50 level. If there is a close below 151.50, the pair could decline steadily. In the stated case, the pair might drop toward the 150.00 support. Any more losses might send the pair toward 148.00. Immediate resistance on the USD/JPY chart is near the 23.6% Fib retracement level of the downward move from the 155.88 swing high to the 152.33 low. The first major resistance is near a bearish trend line at 153.60. If there is a close above the 153.60 level and the hourly RSI moves above 50, the pair could rise toward 154.10 or the 50% Fib retracement level of the downward move from the 155.88 swing high to the 152.33 low. The next major resistance is near 155.05, above which the pair could test 155.00 in the coming days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USD/JPY:Yen Recovers as Interventions and Geopolitical Tensions The Japanese Yen has gained some ground against the U.S. Dollar, leading the USD/JPY pair to settle at 154.30 on Friday. This recovery is fueled by speculation that Japanese authorities may intervene in the foreign exchange market to support the domestic currency. Additionally, rising geopolitical tensions are providing further backing for the safe-haven JPY. Though the Yen is finding support, a slight decline in the U.S. Dollar is also helping to limit the upward movement of the currency pair. As noted in our previous discussion, the Dollar Index (DXY) appeared poised for a retracement. However, at the time of writing, the USD has managed to regain some strength against the JPY, trading around 154.72. Analysis from the Commitment of Traders (COT) report suggests a potential reversal in the market's direction. Furthermore, historical seasonality trends indicate a possible shift toward bearish conditions, reflecting patterns observed over the last decade. This raises the possibility of continued bearish momentum for the USD/JPY pair moving forward. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
Fundamental Market Analysis for November 27, 2024 USDJPYThe Japanese Yen (JPY) continues to attract some safe haven flows amid tariff threats from US President-elect Donald Trump. In addition, the recent pullback in US Treasury yields following the appointment of Scott Bessent as US Treasury Secretary and expectations that he will rein in the budget deficit provides further support for the low-yielding JPY. This, along with weak US Dollar (USD) price action, led the USD/JPY pair to fall to a near three-week low around 152.700-152.650 during Wednesday's Asian session. Nevertheless, uncertainty surrounding the Bank of Japan's (BoJ) next interest rate hike in December may deter traders from aggressively bullish bets on JPY. Meanwhile, easing geopolitical tensions amid a ceasefire agreement between Israel and Hezbollah may help limit the safe-haven JPY's gains. On the other hand, the US Dollar is likely to receive support from bets on slower interest rate cuts by the Federal Reserve (Fed), which could provide some support to the USD/JPY pair ahead of key US macroeconomic data released later today. Trading recommendation: Trade predominantly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
USDJPY | Bullish Bounce off Based on the H4 chart analysis, we can see that the price is currently at our buy entry at 152.41, which is a pullback support close to 78.6% Fibo retracement. Our take profit will be at 153.25, which is a pullback resistance level. The stop loss will be placed at 151.38, which is a swing low support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
1
USD/JPY 1H AnalysisThe pair is currently in a downtrend, and we’re approaching a small support zone. If this level breaks, there’s a high probability the price will move down to the next key support zone (green). ✅ What I’m watching for: A clean breakout below the small support zone, with confirmation from increased selling volume or bearish candlestick patterns. 🚨 Plan: If the breakout is confirmed, the next target is the green support zone. Stay cautious and manage your risk carefully! 👉 Follow me for more updates and trade ideas!
by WaveRiders2
USDJPY lowered due to the retreating dollar Increasing fatigue from strong dollar performance and reduced safe-haven demand due to easing geopolitical tensions in the Middle East have halted the dollar's ascent. The Fed's indication of a potential end to quantitative tightening(QT) due to worries about declining market liquidity also limited the dollar's gains. JP Morgan forecasts that the Fed might conclude the entire QT in the coming months. Meanwhile, Japan's October services inflation stood near 3%, increasing the likelihood of the BoJ's interest rate hikes. Governor Kazuo Ueda highlighted ongoing wage-led inflation, supporting the central bank's capacity to raise rates. After breaking below the ascending channel’s lower bound, USDJPY fell to 152.80. EMA21 has death-crossed EMA78, indicating a shift to bearish momentum. If USDJPY breaks below the support at 152.70, the price may fall further to 150.00. Conversely, if USDJPY reenters within the channel and rises above both EMAs, the price could gain upward momentum toward 156.70.
by inkicho_exness
Bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 153.766 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 154.91 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 152.28 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! 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
1
Gold Awaiting the FOMCGold prices are experiencing a recovery after hitting a six-day low at $2,605, consolidating around $2,625. Market attention is focused on the November Fed meeting minutes, which could provide decisive signals regarding a possible rate cut in December, currently estimated at a 61% probability according to the CME FedWatch Tool. If the intraday support at $2,605 fails, prices could target $2,550. Conversely, a daily close above $2,670 would be necessary to reignite bullish momentum, with targets at $2,700 and $2,750. The fundamental context remains complex: Donald Trump's statements on new tariffs have reignited demand for safe-haven assets, including gold and the US dollar, while rebounding bond yields cap enthusiasm for the precious metal. Decreasing geopolitical tensions between Israel and Lebanon represent an additional headwind for gold, as they reduce the need for global risk hedging. Additionally, Trump's appointment of Scott Bessent as Treasury Secretary has reassured bond markets, strengthening the dollar and limiting gold's gains. Overall, gold prices are balanced between contrasting fundamental and technical forces, as traders await the Fed minutes for clearer direction.
OANDA:XAUUSDLong
by Forex48_TradingAcademy
1
TradeCityPro | USD/JPY : Divergence and Trend Weakness👋 Welcome to TradeCityPro! In this analysis, I’ll review the USD/JPY forex pair, focusing on the 4-hour timeframe. ⏳ 4-Hour Timeframe: Current Trend Insights At present, the trend in the 4-hour timeframe is upward, with an observable ascending trendline. The SMA99 has also acted as a support level. 🔽 However, the strength of the trend appears to be diminishing. The bullish candles are progressively smaller, and corrections have become deeper. ✨ RSI Analysis and Momentum A negative divergence is noticeable in the RSI, indicating a weakening trend. The 39.98 support level is crucial, and with the divergence and trend weakening, the likelihood of breaking this RSI level is high. If this happens, the market’s bullish momentum will fade. 📉 Short Position Strategy If the trendline is broken and the 153.639 trigger level is breached, followed by price stabilization below this level, it will signal an entry opportunity for a short position. The specific trigger, whether based on Dow Theory, a pullback to 153.639, or another strategy, depends on your approach. 📊 The next key support is at 151.512. If you missed or avoided the 153.639 trigger due to risk concerns, breaking this support could provide a safer short entry point. Subsequent supports are located at 149.177 and 145.826. 📈 Long Position Strategy Despite the weakening trend, the 156.544 trigger is still a valid entry point for long positions. The next resistance after this level will be at 157.702. 🔑 By keeping an eye on these levels and market momentum, you can effectively align your trading strategy with market conditions. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1