USDJPY Pair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Long Time Frame
RSI - Divergence
Break of Structure
Bullish Channel as an Corrective Pattern in Short Time Frame
Resistance Level
Usdjpyanalysis
USDJPY sideway waits NONFARM to break narrow marginThe Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves.
Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the JPY while also mentioning that there is no limit to the resources for the foreign exchange intervention fund.
The dollar is struggling after weak US employment data raises hopes that the FED will lower interest rates twice in 2024. Economists predict a rate cut in September in addition to the possibility of another cut. The possibility of the FED lowering interest rates in September.
In the h4 time frame, there have been signs of a bearish reversal in the USDJPY pair. The 34 EMA has crossed down to the 89 EMA and the recently created highs are getting lower. Overall, the pair is still stuck in a narrowing price band and is waiting for Nonfarm today to break out of the band.
Pay attention to important support and resistance zones:
Support: 156,400-153,600
Resistance: 154,500-157,700
USDJPY FORECASTWe expect the price for usdjpy pair to continue moving up for the next week as indicaded on the chart. Invest wisely.
USDJPY TO 160+ 12H CHARTI have USDJPY going to 160 and beyond..... price may be a little choppy until then but I am Long on this pair and I've been using every dip (when price takes bearish dive) as a buying opportunity. I can see price testing the previous highs of 157.844 (yellow level) and eventually breaking and closing above it, once this level of previous resistance (157.844) is then used as support; that will act as yet another form of confirmation that price in en'route the 160 level.
USDJPY: Swing Sell Happening! AB=CD PatternFX:USDJPY
Price is currently in process of making AB=CD pattern; after USDJPY created a record Higher High, most of the traders were expecting price to drop heavy and it just did that. After dropping heavily, price made some correction and formed a AB=CD pattern which is where we can expect price to drop exactly in same amount as A to B made. Our final target is 145-147 which will be somewhere 800-1000 pips. Use proper risk management.
DeGRAM | USDJPY pullback from the channel boundaryUSDJPY is moving between the trend lines in a descending channel near the upper boundary.
The price has been rising for a long period of time without pullbacks and is now approaching the resistance level, which coincides with the 62% retracement level of the last bearish impulse.
We expect a pullback.
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USDJPY - Expect bearish price action !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. I expect bearish price action as price filled that huge imbalance and now could reject from bearish order block.
Fundamental news: On Friday (GMT+3) we have NFP day. News with high impact USD, so pay attention to the results in order to validate the analysis.
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USD/JPY Giving Amazing Bearish P.A , Short Setup Valid Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
✨FULL USDJPY. Multitimeframe Analysis✨☝️Do not act based on my analysis, do your own research!!
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A good profit by breaking the defined area in the USDJPY
Hello Dears
What do you think about currency?
I have identified an orange area that if broken over the next week we can get a good sell deal on the currency
Personally, I am looking to enter this deal
Your eyes should be orange when the area is broken
A series of black dashed lines are drawn on the chart, we want to see the price reaction to these lines together.
USDJPY tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
USDJPYUSDJPY analysis
Daily and 4-hour time frame
I expect the price to fluctuate between the specified areas
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.
USDJPY on SupportUSDJPY is on supporta nd grab liquidity from here then we can see upside move and take tp around 0.5 FIB level.
Manage your risk accordingly.
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.
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USDJPY Bullish Side Money heist Plan to Become RichMy Dear Robbers / Traders,
This is our master plan to Heist USDJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich.
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Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts.
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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.
