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USD/JPY Maintains Bearish Trend Ahead of CPI ReleaseUSD/JPY Maintains Bearish Trend Ahead of CPI Release The overall trend remains bearish as long as the price stays below 142.100, with downside targets at 140.300 and potentially 138.470. A corrective move toward the pivot line at 142.100 is possible before the bearish trend resumes. However, if the price stabilizes above 142.100 with a 4-hour candle close, a bullish move could extend toward 143.680. In general, if the CPI is released as expected around 2.5%, this would support a bearish trend for USD/JPY. Key Levels: Pivot Line: 142.100 Resistance Levels: 143.680, 145.038 Support Levels: 140.300, 138.460 Expected Range: 142.100 - 138.460 Trend: Bearish while below 142.100.
Short
by SroshMayi
USDJPY / TRADING BELOW RESISTANCE TRENDLINE - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS USDJPY , is currently trading below the turning level of 145.446 and remains below the resistance trendline, indicating downward momentum. There are two potential scenarios: The first scenario, Current price is trading below the resistance trend line at 145.446, If the price remains below this level, it is expected to decline , Target levels for this decline are 142.226 and, potentially, 140.745. The second scenario , If the price breaks above the resistance trend line at 145.446 and stabilizes above it , It suggests a potential increase , Target levels for the increase are 147.516 and, potentially, 149.310. UPWARD LEVEL : 147.516 , 149.310. DOWNWARD LEVEL : 142.226 , 140 .745.
Short
by ArinaKarayi
USD/JPY Analysis: Rate Drops to New Yearly LowUSD/JPY Analysis: Rate Drops to New Yearly Low The USD/JPY chart shows the rate has fallen below its 5 August low. This decline was influenced by comments from Bank of Japan representative Junko Nakagawa, who stated that the bank would continue raising interest rates if inflation keeps decreasing. “Given that real interest rates are currently very low, we will adjust the level of monetary support to ensure the sustainable and stable achievement of our 2% inflation target,” she said. Technical analysis of the USD/JPY chart shows: → Since early August, the price movement has fit within a descending channel (shown in red). → The price has fallen to the median of this channel, which continues to show signs of support (indicated by arrows). Bearish dominance is evident as: → The 143.7 level has shifted from support to resistance, as previously happened with the 149 level. → The price is below the Resistance 1 trendline. It’s worth noting that at 15:30 today, the US Consumer Price Index will be released, which is likely to cause increased market volatility. As a result, bears may attempt to push the rate down to the psychological level of 140 yen per dollar as early as today. 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
2
Pre-CPI Analysis11th September DXY: Consolidating, should stay below 101.50, CPI Pending, break below trendline to trade down to 100.85, key support at 100.55 NZDUSD: Buy 0.6175 SL 20 TP 60 AUDUSD: Buy 0.6690 SL 30 TP 60 GBPUSD: Sell 1.3115 SL 20 TP 65 or Sell 1.3030 SL 20 TP 60 EURUSD: Could retrace to trendline and reject, Sell 1.1075 SL 20 TP 60 USDJPY: Sell 140.70 SL 50 TP 130 USDCHF: Sell 0.8484 SL 20 TP 80 USDCAD: Sell 1.3570 SL 35 TP 70 Gold: Retest of 2530, rejection down, below 2517 could trade down to 2485
TVC:DXY
by JinDao_Tai
09/10/24 (+92 PIP) NO DRAWDOWN - MAJOR USDJPY WIN BREAKDOWNWas not expecting to make a second post so fast but basically this move came from my post earlier today. And the move itself came out of nowhere but as you can see the market broke said bearish area I was waiting for for a few days now and the result of my patience was exactly 2 pips in drawdown only and a +92 pip win, good enough to be called a sniper entry if you ask me. Once i saw volatility picking up i did the same breakdown 1H chart to 15M chart breakdown of 1H chart And since in this instance i am trading outside of my normal timeframe, i broke it down one step further on the 5m for my super crisp entry. (This is the best way to ensure i am not just being delusional or having FOMO.. i break it down more.) *Tradingview does not allow me to show any timeframe than 15m, so refer to the 15m breakdown to see entry its still pretty much clear there.* Thanks for the support everybody!! J out!
Short
by PipSniperJ
1
USDJPY: 1-Hour Strategy SetupBuy Setup: Look for a bullish divergence on the RSI or MACD around the 142 support on the 1-hour chart. Confirm if the price forms a reversal pattern, like a double bottom. If the price moves above the 20 or 50 EMA on the 1-hour, this could be a confirmation to go long for a short-term move. Sell Setup: If the price shows a bearish rejection at the 20 or 50 EMA or forms a weak bounce. Look for price breaking below key support (e.g., 142 on the 1-hour chart). A bearish crossover of the MACD or an RSI approaching overbought near resistance could signal a good short opportunity.
by thepoorextrader
USDJPY Analysis (D1/4H)Moving Averages (MA): Currently, the price is trading below all three EMAs, indicating a bearish trend as it suggests selling pressure. The death cross (where a short-term MA crosses below a long-term MA) may have occurred between the 20 EMA and 50 EMA, reinforcing the bearish sentiment. Support Zone: There's a clear support zone at around 142. The price is currently hovering near this level, which has been tested multiple times. If the support holds, it may present a buying opportunity; however, a break below this could signal a further bearish continuation. RSI (Relative Strength Index): The RSI is currently around 33.76, which is close to the oversold region (below 30). This indicates that the pair might be slightly oversold, potentially signaling a buying opportunity if the price holds at the support level. MACD (Moving Average Convergence Divergence): The MACD line (0.042) is below the signal line (-1.938), with negative histogram bars, suggesting bearish momentum. The MACD is in negative territory, confirming the downtrend. Potential Opportunities: Buying Opportunity: Scenario 1: If the price respects the support level near 142 and the RSI begins to reverse upward from oversold territory, this could signal a short-term bounce or reversal, presenting a buying opportunity. You might wait for confirmation from price action, such as bullish candlestick patterns (e.g., a bullish engulfing pattern). Scenario 2: Look for a potential MACD crossover or a bullish divergence in the RSI for additional confirmation of a reversal. Selling Opportunity: Scenario 1: If the price breaks below the 142 support level, this would signal further downside potential, possibly towards the 140.00 psychological level or lower. A breakdown here, accompanied by increasing bearish momentum in the MACD, could be a strong sell signal. Scenario 2: The price is below the 20, 50, and 200 EMAs, indicating overall bearish sentiment. If there’s a weak bounce to the EMAs (especially the 20 EMA), it could offer a good chance to short the pair. Buy Strategy: Watch for a reversal near the 142 support area with RSI indicating oversold conditions. Wait for bullish price action or a MACD crossover. Sell Strategy: A break below 142 could trigger a bearish move, and you can consider selling. Alternatively, shorting the pair on a weak bounce to any of the EMAs could also be a strategy.
by thepoorextrader
EUR/USD : Ready for Fall ? (READ THE CAPTION)By analyzing the EUR/USD chart on the 4-hour timeframe, we can see that after the drop last week to 1.10665, the price eventually closed at 1.10853. I expect that in the upcoming week, after a short initial rise, we will see further decline in EUR/USD. The potential targets for this drop are 1.10600, 1.10260, and 1.09960. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
2
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
Short
by Zola_Hello
1
USD Recovery Gains Momentum Ahead of Core PPI and Unemployment..As the market gears up for the release of key economic indicators such as the USD Core PPI m/m, PPI m/m, and Unemployment Claims, the USD has shown signs of recovery. This rebound began yesterday and has continued into today’s London session, where the USD/JPY pair is trading around 143.50 as I write this article. The pair’s recent movement follows a strong carry trade impact on the JPY, which caused the price to drop significantly from the 162 level to where we find it today. However, the USD/JPY has encountered a demand zone, showing signs of potential stabilization. Supporting this outlook is the latest Commitment of Traders (COT) report, which indicates that retail traders are still predominantly short on the pair, while fund managers have begun adding to their long positions, signaling a possible shift in sentiment. From a technical standpoint, this setup presents a favorable opportunity for a long position, aligning with forecasts we've been tracking over the last two weeks. The pair's current price action and its position near the demand zone suggest the potential for a reversal. Today’s economic releases will be crucial in determining the next move for the USD/JPY. The data could provide further clarity on the USD’s recovery path and offer a better understanding of the broader market environment. For now, traders eyeing long positions will be watching the news closely, awaiting confirmation of the technical and fundamental cues aligning for the pair. JPY Futures - Weekly Chart. ✅ 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.
Long
by FOREXN1
3
Fundamental Market Analysis for September 10, 2024 USDJPYThe USD/JPY pair is turning positive for the second consecutive day after declining early in the Asian session to the 142.850 area, although it lacks bullish confidence. Spot prices are currently trading with a slight positive bias just below the mid-143.000s and remain within striking distance of the one-month low reached last Friday. The Japanese Yen (JPY) continues to be threatened by data released on Monday that showed the economy grew slightly slower in the second quarter than originally reported. This could complicate the Bank of Japan's (BoJ) plan to raise interest rates further in the coming months. In addition, the overall positive sentiment in equity markets is reducing demand for the safe-haven Yen and serving as a tailwind for the USD/JPY pair amid some buying interest from the US Dollar (USD). Investors may also prefer to stand back and wait for the release of US consumer inflation data on Wednesday before making new directional bets. Thus, strong follow-through buying is needed to confirm that the USD/JPY pair has formed a short-term bottom and is positioned for significant gains amid the lack of meaningful macroeconomic data from the US on Tuesday. That said, speeches by influential FOMC members may provide some impetus later in the US session. Trading recommendation: Watch the level of 143.000, if consolidated below consider Sell position, if rebounding positions on Buy.
by Fresh-Forexcast2004
USDJPY H4 | Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 143.66, which is an overlap resistance and a 38.2% Fibonacci retracement. Our take profit will be at 142.12, a swing-low support level. The stop loss will be at 145.32, a pullback resistance level close to 61.8% Fibo retracement. 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. 62% 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. 59% 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.
Short
by FXCM
Heading into 61.8% Fibonacci resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 145.06 Why we like it: There is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Stop loss: 147.311 Why we like it: There is a pullback resistance level. Take profit: 141.75 Why we like it: There is a pullback support level. 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
USDJPY Is Very Bullish! Long! Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 142.209. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 142.787 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
1
USDJPY / BREAKOUT THE CHANNEL - 1DUSDJPY / 1D TIME FRAME HELLO TRADERS Currently, prices are experiencing downward pressure and are trading below the turning level of 146.893. This suggests a bearish trend, especially after a breakout from the ascending channel. As long as prices remain below 146.893, the expectation is for them to move towards the next support level at 140.991. Should prices stabilize below this support level, the bearish trend may continue, targeting a further decline to 139.341. On the other hand, if prices break above 146.893 and stabilize above this level, particularly above the Fair Value Gap (FVG), we could see a reversal in the trend. This bullish shift would suggest a potential rise in prices, with initial targets set at 152.034. If the upward momentum continues, prices could further increase to reach the target of 154.890. KEY LEVELS : Turning Level : 146.893 . Resistance Levels : 152.034 , 154.890. Support Levels : 140.991 , 139.341 .
Short
by ArinaKarayi
Levels discussed on Livestream 9th September9th September DXY: Currently at 101.50, just below bearish trendline. If trendline broken and above 101.60, could trade up to resistance of 102 NZDUSD: Sell 0.6125 SL 20 TP 40 AUDUSD: Sell 0.6650 SL 20 TP 60 GBPUSD: Watch for break of 1.31 and reaction at support level of 1.3045 EURUSD: Sell 1.1035 SL 15 TP 45 USDJPY: Sell 143.30 SL 50 TP 120 USDCHF: Sell 0.8455 SL 30 TP 55 USDCAD: Consolidating, could retest resistance at 1.36, look for downside potential Gold: Break above 2500 could trade to 2515
TVC:DXY
by JinDao_Tai