USDJPY Short time bearishFor years now Yen has been weak and USDJPY Rose 11% in the last 5 months meaning the trend is bullish . FX:USDJPY Peaked at 160 area last month then we saw some selling pressure which drove the rate to 152 zone {Last year high}
Price rejection since this month open from 158 means we have some selling pressure, Today after US GDP QoQ2 release USDJPY Dropped 900 points too. I would wait to get a favorable long entry points.
Areas of focus 155, 152, lowest 150. Below that the bias turns bearish mid term.
Usdjpyanalysis
DeGRAM | USDJPY pullback from resistanceUSDJPY is moving between the trend lines.
The chart has broken down and continues to move under the ascending channel.
The attempt to break through the resistance was unsuccessful and the price returned under the resistance level.
We expect a pullback after the resistance retest.
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USDJPY May 27, 2024 Has the price started to rise?Looking at the H1 chart we see that the price is in wave 4
- Wave 4 target at price range 156.55
- Then the price continues wave 5 with wave targets at 157.4 and 157.83
We watch to buy at 156.55 after the candlestick reversal signal appears
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USDJPY - UniverseMetta - Analysis#USDJPY - UniverseMetta - Analysis
BUY from breaking through the 1st wave
The price can form a 3-wave structure along the trend and continue to rise to levels 165. It is also worth considering the range on H4 in which the price can remain for a long time, which increases the period of holding the position; you can also consider a correction from the upper border and increase purchases from the lower one.
For a downward movement, you should wait for consolidation at the lower border and a retest confirming further downward movement.
Target 160 - 165
USDJPY can go UP by Symmetrical Triangle➡️RR=3.68🏃♂️ USDJPY is moving in an Ascending Channel (in the Daily time frame ).
📈Regarding Classical Technical Analysis , USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern .
🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern .
👑 Position :
USDJPY
Position: Long
Entry Point: 156.340 JPY (Stop Limit Order)
Stop Loss: 155.620 JPY
Take Profits: 158.987 JPY// 157.871JPY(RR=2.13)
Risk-To-Reward: 3.68
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
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💡 USDJPY: Analysis May 23USDJPY has invalidated the doji signal and continued to increase in the past session. It has now approached the previous peak at 156.7, but has not yet shown a breakout signal. This price behavior is detrimental to our current selling strategy, but we still do not encourage you to change tactics because the risk of exchange rate intervention from the BoJ is still present and the price has not yet reached its peak. than. Brothers continue to hold existing short positions, SL placed above level 156.7. In case the price continues to go up and breaks this barrier, you should temporarily stop trading and wait for new signals.
💡 H1 trend: Sideway
Today trading idea: Sell.
USDJPY May 22, 2024 Will the rising wave continue?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Looking at the H1 chart with the current wave counting method we see
The correction process has formed 3 waves abc
- Currently, the price continues to increase following the trend of large wave 3
- We have the main confirmation threshold at 156,554, this is the confirmation area that the temporary adjustment process has ended.
- Once the price maintains above the 156.554 area, the price will develop very quickly because wave 3 moves quickly and sharply.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USDJPY May 21, 2024 Where will this price increase end?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Looking from H1, we see that black wave 3 is forming. in wave 3 black is forming a small wave structure
- In the small wave structure, wave 4 is expected to have completed at 156.114
- Next, we will continue to complete wave 5 using the measuring method, we have the target of wave 5 at 156.887.
- In our current trading plan, we can establish a Buy order with a short-term price target at 156,887.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
USDJPY: The USD holds steady as markets look for interest rate dThe US dollar remained broadly stable today as market participants await additional indicators to determine US interest rate developments. This period of anticipation follows recent cautious comments from US Federal Reserve (Fed) officials and signs that inflation may be easing.
The Japanese yen fell slightly at the start of the week, trading at 155.80 against the dollar. Investors are closely watching for any signs of potential government intervention, with the yen showing minimal volatility in recent days.
The USD/JPY pair shows short-term bullish potential The USD/JPY currency pair is exhibiting short-term bullish potential, driven by a combination of macroeconomic factors and geopolitical events.
Fundamental Analysis:
Federal Reserve Policy: The Federal Reserve is expected to maintain its current interest rate levels for the foreseeable future, delaying any potential rate cuts. This stance supports the US dollar, as higher interest rates relative to other major currencies attract investors seeking better returns.
Geopolitical Tensions:
The escalating tensions in the Middle East have increased the demand for safe-haven assets. Historically, the US dollar benefits from such geopolitical uncertainties as investors flock to it for safety, further bolstering its strength against other currencies, including the Japanese yen.
Technical Analysis:
The USD/JPY pair has recently tested and respected a key support level, indicating strong buying interest around this price point. Momentum indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) are showing bullish signals, suggesting that the pair is poised for an upward movement in the short term.
Conclusion:
Given the Fed's current stance on interest rates and the rising geopolitical risks, the USD/JPY pair is positioned for a bullish trend in the near term. Traders should consider this scenario and evaluate potential long positions to capitalize on the expected appreciation of the US dollar against the Japanese yen.
USDJPY on May 20, 2024 has the rising wave begun?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone.
Financial freedom is true freedom.
Based on the Elliot wave principle, we analyze the H1 chart
We see that the 5-wave small structure has completed on the H1 frame after which the price entered the corrective wave abc.
- Looking at this correction structure, we see that wave a b c has completed, the price is in the stage of completing the next rising wave.
- The adjustment process is officially determined when the price breaks out through the 155.98 area
- In the trading plan, we expect a good buying zone at the price range of 155.6 with TP at the 159 zone.
Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later.
Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
DeGRAM | USDJPY upward wedge pullbackUSDJPY is moving within the boundaries of an ascending wedge.
The chart broke through the descending channel.
The price is under the resistance level, which coincides with the 50% retracement level of the last bearish impulse.
We expect a pullback.
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USDJPY: Can Japan use bond tools to support the Yen?Japanese authorities may have intervened twice in recent weeks to support the yen as it hit its lowest level in decades against the dollar, and they may have used reserves cash to do it.
BofA said a drop in demand for U.S. Treasury bonds could push up interest rates slightly and narrow spreads on the secured overnight lending rate (SOFR), a reference rate tied to mortgage agreements. Convenient to buy overnight.
USDJPY: USDJPY analysis todayDespite the dollar's general weakness against most of its counterparts, it continues to rise against the Japanese yen. The dollar rose 0.12% to 156.245 yen today, after previously reaching 156.80 yen. Japan's long-term yield remains low at 0.955%, even as the Bank of Japan's stance becomes more hawkish and the likelihood of a rate hike in June increases.
The dollar's recent peak against the yen on April 29, a 34-year high, prompted suspected interventions from the Bank of Japan and the Japanese Ministry of Finance. . Analysts, including IG's Tony Sycamore, speculate on the possibility of further intervention depending on the outcome of the US CPI report.
USDJPY SELL | Idea Trading AnalysisUSDJPY returned to the ascending channel and reached the dynamic support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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