USDJPY SELL POSITIONUsdjpy at a major level of resistance sp i decided to short with a 1:3RRR
*Usdjpy shorts eveerytime price gets to this level
Usdjpyanalysis
USD JPY TRADE SET UP USD JPY has formed a Head and Shoulders Pattern at a resistance key level.
Confirmation for SELL was Doji and close below candlestick at the right shoulder.
USD/JPY Short (The next big dip ahead)A Few times before the Japanese government helped bring the usdjpy down, at this level.
Today Powell from the USA helped a bit but it is up to the JPY to finish the job.
A nice dip to the bac trend line isn't unlikely!
USDJPY Technical Analysis and Trade IdeaThe USDJPY currency pair has recently exhibited a bullish trend. However, it has been consolidating sideways for an extended period, lacking a clear directional bias. In our video analysis, we explore a couple of scenarios and provide detailed insights regarding price action considerations. Notably, we look for heightened volatility as liquidity is tested both above and below the current range. We anticipate a trend to emerge at some point. Currently, we are examining a 15-minute chart for potential trade opportunities, as discussed in the video. As always, this information is strictly for educational purposes and should not be construed as financial advice.
USDJPY SELL | Day Trading AnalysisHello 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.
Support the idea with like and follow my profile TO SEE MORE.
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USD-JPY / ASCENDING TRIANGLE USD-JPY / ASCENDING TRIANGLE
For me , a breakout above 152level, open the door for the next macro resistance!
USD JPY 1HRUSD JPY 1 hour timeframe outlook.
On The one-hour timeframe, the market is currently consolidating on that resistance level, we need to see a break out to the downside and a retest to get an entry for SELL.
On the other hand, if the market breaks above the resistance level to the upside we need to see a retest of the broken resistance turn support to get a BUY entry ⏰
USD JPY TRADE SET UP USD JPY TRADE SET UP.
USD JPY has reached the daily resistance level and is showing multiple rejections and wicks on the daily timeframe, so we are looking to SELL.
We need to scale down to the lower timeframe to find patterns and confirmations to get a sell entry..
USDJPY COMMUNITY TRADESThis trade opportunity is shared on my community, Yes it is. Almost 400+pips being made with 30+ pips stoploss.
you heard it from me. Last friday NFP with the positive results on a dollar, I'm expecting price could manipulate the previous high at a higher context for most swing traders. This idea is base on trendline on Daily Timeframe, But on Daily EMA 13&48 closed break . I will be watching on that zone 149 zone if price decline.
This is not a financial advice. Follow for more.
This is not a signal or trade to be made by any other. this idea already being shared.
Congrats who follow me since then, Now my followers skyrocket. almost 600 followers.
Well Thanks to all fellow traders.
For better trading follow your stoploss.
USDJPY DAILY OUTLOOK AFTER THE END OF Q1The 1st Quarter of the year has come to an end and buyers dominated the market for the past 3 months. And price closed at the previous years high. The question going into the mind of trader is, “will the bullish strength continue ? Well,to get answer to that, we’ve been able to identify couple of trend-lines & key levels to help us navigate the potential trajectory of the market. If price is able to break above 151.820 and provide one of the valid entry requirements, we’ll go long while a break below trendline and 146.740 insight a bearish sentiment.
USDJPY I Technical and fundamental overviewWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USDJPY - SELL SIGNALThe drop in FX volatility after last week’s action is being helped by the PBoC's stabilisation of the Yuan and should not help the Yen, which remains the most popular funding currency for carry trades.
Verbal interventions in Japan and the softer Dollar momentum are helping a bit, but the current environment suggests a recovery in JPY remains even more strictly tied to US rates breaking lower.
My call remains bearish on USD/JPY moving forward, but in the very short term, the pair may retest the 152.00+ ‘verbal intervention’ area.
Guys, what do you think? Leave a comment with your thoughts.
USDJPY: USD/JPY traded 0.1% lower at 151.29, with the pair stillThe recent weakness in the yen, which comes despite the Bank of Japan's first interest rate hike in 17 years, has prompted warnings about possible Japanese government intervention. The warnings, especially comments from Japan's top currency diplomat Masato Kanda, helped stabilize the yen.
For now, the focus is on upcoming consumer inflation data from Tokyo, due out later in the week.
USDJPYIn the 4-hour timeframe, USD/JPY appears to be in a bullish trend, adhering to an ascending channel pattern and displaying an ABC correction. The current price action suggests a bullish pennant formation following a breakout above a resistance level. Traders may anticipate a short-term bullish movement towards the ascending channel's resistance trendline, completing the C point, before considering potential long-term bearish positions based on subsequent price action.
USDJPY
USD/JPY has shown a bullish trend on the daily timeframe, following an ascending trendline. However, recent price action indicates a potential reversal as it forms a triple top pattern, suggesting a shift in sentiment towards a downtrend. Traders may consider monitoring key support levels for confirmation of a reversal and adjust their trading strategies accordingly.
USDJPY SELL | Day Trading AnalysisHello 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.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Building The Case For The BIG Yen Reversal?? (Coming Soon)Unless you've been living under a rock the last few years you have seen the massive depreciation in the Japanese Yen against every other major currency pair in this post I'm going to share with you why I think the BIG reversal in fast approaching.
This post is much like the post I did on the CHF at the beginning of the Year where I correctly predicted a major correction (see related post) where every single CHF pair had reached key higher timeframe support levels and buy zones at the same time.
A similar story is occurring in the major JPY cross pairs also at the same time we have the BOJ finally ending negative rates and hinting of more possible rate hikes this Year whilst other central banks are talking about cutting rates with the SNB leading the race last week.
First off is the USDJPY you can see on the Monthly chart where 152 is acting as a key resistance level that goes all the way back to 1990 this is a key technical level.
Next is the GBPJPY I did a post on this last week about the likelihood of a sell off from the 193 Monthly resistance level (see image below)
Then we have the AUDJPY which the 100 mark last week which is approaching a key resistance zone @101 above this zone has seen massive corrections in the past (see image below)
Next is the NZDJPY which I done a post on several months ago showing you the importance of the 93 resistance and the likelihood of a correction from this level which the chart below shows we got a rally to here followed by a sell off.
Next is the EURJPY which last week got the break above 165 before selling off shortly back below last years high of 164 the chart below shows 2 key resistance areas here @164 and @167 where we have seen massive sell offs before.
As you can see all the major pairs are at or approaching key Monthly resistance levels and sell zones where there have been huge corrections from in the past.
To me this is a massive correlation across all the major pairs and very much indicating that a change in the tide is coming very soon. This very much is mimicking exactly what happened with the CHF pairs this year.
Will the same happen with the JPY pairs only time will tell but it's looking very good there are several ways to trade this build into sell positions across all pairs off course this can increase your risk exposure and off course swap fees or you can trade yen futures.
Off course the timing of this reversal is the hard part as it's the Monthly charts could take several months to play out or more. And then there is the possibility that I am wrong and the YEN weakens more and all these major levels get blown out at the same time :)
Let me know what you think in the comments :)
Minutes of the Bank of Japan`s January assembly - the opportunit
Minutes of the Bank of Japan's financial coverage assembly on January 22 and 23, 2024, complete textual content here:
Members agreed that they have got now no longer but reached the level in which the inflation goal may be done sustainably
Members proportion the view that the probabilities of attaining 2% inflation are increasing, so if we are able to affirm a tremendous cycle in wages and inflation, we are able to take into account finishing bad hobby charges and Unusual loosening steps
Some individuals stated the hazard of inflation exceeding the 2% goal had emerge as smaller
One member stated if a ruling on finishing bad hobby charges is delayed, it'd prevent efforts to attain the 2% goal and referred to as for a fast tightening.
One member stated now's a once-in-a-lifetime possibility to extrade financial coverage
One member stated the scope for financial coverage flexibility might be decrease for Japan as different nations pass to reduce hobby charges.
Some individuals trust that they have to forestall shopping for ETFs and JREITs if they could attain the inflation goal
Some individuals stated the BOJ isn't below stress to hurry up hobby fee will increase like in Western nations.
Decoding USD/JPY Future in a Changing Economic Landscape
Multi-Timeframe Technical Analysis for USD/JPY
1. Monthly Time Frame:
- Key Observation: Noticeable rejection of the USD/JPY price at a significant support level, indicating potential bullish sentiment or a reversal point.
- Additional Note: High liquidity observed at price highs, marked by two equal highs, which could signify resistance zones.
2. Weekly Time Frame:
- Key Observation: Transition in market structure from bearish to bullish, indicating a potential longer-term upward trend for USD/JPY.
3. Daily Time Frame:
- Key Observation: A shift in market sentiment is evident, aligning with the bullish outlook observed in the weekly timeframe.
Fundamental Analysis: Federal Reserve Policies and Economic Indicators
1. Federal Reserve's Stance:
- Policy Outlook: Continuation of a restrictive monetary policy for the foreseeable future, with the possibility of rate peaks being reached.
- Inflation Control: Strong emphasis on reducing inflation sustainably before policy easing.
2. Economic Indicators:
- Optimism on Inflation: Growing confidence in managing inflation, with potential rate cuts envisioned in 2024, though the exact timing remains uncertain.
3. Market Reaction:
- Impact on USD/JPY: The Federal Reserve's stance typically has a direct impact on USD/JPY. A more restrictive policy tends to strengthen the USD against the JPY, while a more dovish stance or rate cuts could weaken it.
4. Future Projections:
- Interest Rate Trajectory: Anticipation of three rate cuts in 2024, suggesting a potential future weakening of the USD against the JPY.
- Economic Growth Forecast: Slow growth expected in 2024, which could influence currency strength dynamics.
5. USD/JPY Specifics:
- Japanese Economic Factors: Apart from U.S. economic indicators, USD/JPY traders should also consider Japan's economic health, monetary policy, and geopolitical factors influencing the yen.
Trading Implications for USD/JPY
- Short-Term Strategy: The bullish technical signals on higher timeframes suggest potential long positions in the short to medium term. However, be mindful of resistance levels highlighted by the liquidity at price highs.
- Long-Term Outlook: Fundamental analysis indicates potential weakening of the USD in 2024 due to anticipated rate cuts. Traders may look for signs of trend reversal or strengthening of the JPY for future positioning.
- Risk Management: Keep an eye on upcoming Federal Reserve meetings and announcements, U.S. economic data releases, and Japanese economic indicators. These can cause significant volatility in the USD/JPY pair.
Conclusion
For USD/JPY, the current technical analysis suggests a bullish trend in the near term, but fundamental factors indicate potential shifts in 2024. You should maintain a balanced approach, staying updated with economic developments and central bank policies in both the U.S. and Japan. As with any currency trading, risk management and continual reassessment of the market conditions are crucial.
USDJPY possible double top#usdjpy price testing resistance level 151.70-90 which is high level of last year 2023. price need energy to fall down side for 148.90 & 148.00. time requires in building energy. suspect price will hold the resistance level to make double top. stop loss above the resistance level as 152.10, entry level 151.25 & 151.75. target: 148.90.
Swing trade long for USD/JPYUSD/JPY fell for five consecutive days by Monday's close, which was its worst 5-day run in three months. Yet two daily closed beneath the lower Keltner band and RSI (2) reaching oversold indicated that mean reversion higher was due.
Hotter-than-expected US inflation data confirmed our suspicions, and a bullish day broke the 5-day bearish sequence and confirmed a 3-bar bullish reversal (morning star) at the lower Keltner band.
Prices have already retraced partially within Tuesday's range, so bulls could either enter live at market or seek dips if it retraces further within yesterday's range. With a stop below Friday's low, bulls could target just beneath the 149 handle, the the 20-day EMA.
EUR: The Backbone of European Economic IntegrationThe Euro (EUR) stands as a symbol of unity and collaboration within the European Union (EU), serving as the common currency for member states in the Eurozone. Since its introduction in 1999, the Euro has played a pivotal role in fostering economic integration, stability, and growth across the region.
At its core, the Euro represents a shared commitment to cooperation and solidarity among EU nations. By adopting a common currency, countries within the Eurozone have eliminated exchange rate uncertainties and transaction costs, facilitating seamless trade and commerce.
Moreover, the Euro serves as a symbol of Europe's resilience and determination to overcome historical divisions and forge a common destiny. Its stability and credibility have bolstered confidence in European markets, attracting investment and promoting economic stability amidst global challenges.
Despite occasional economic turbulence and sovereign debt crises, the Euro has proven resilient, supported by the European Central Bank's (ECB) commitment to maintaining price stability and financial integrity. Initiatives such as the Economic and Monetary Union (EMU) further strengthen the Euro's foundation, ensuring its sustainability and longevity.
In addition to its economic significance, the Euro plays a pivotal role in shaping global financial markets. As one of the world's leading reserve currencies, the Euro influences international trade, investment, and monetary policies, enhancing Europe's influence on the global stage.
Looking ahead, the Euro continues to evolve, adapting to new economic realities and geopolitical dynamics. Its role as a symbol of European unity and stability remains steadfast, guiding the continent towards a future of prosperity, resilience, and cooperation in an increasingly interconnected world.
