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Usdjpyanalysis

usdjpy has formed a twin ceilingIn the daily time frame, usdjpy could not break its previous ceiling and weakness in the power of buyers is observed. In the weekly time frame, the price is in the range of the ceiling of the descending channel and the ceiling of the ascending cycle, and it seems that we will see a correction in the weekly candles: either a large correction after collecting liquidity above the twin ceiling or a retest to the ceiling of the broken channel and then movement to 176.
by trader_aftabi
USD/JPY: Will External Liquidity Drain Trigger a Yen Surge? The USD/JPY pair has been on a tear lately, but a potential shift in global liquidity conditions could throw a wrench into the rally. The Story: Recent economic data and central bank policy stances have favored the US dollar, pushing the pair higher. However, concerns are rising that external liquidity, or the flow of funds from overseas investors, might be drying up. Why it Matters: External liquidity has been a key driver of the USD/JPY appreciation. If this support weakens, it could lead to a reversal of fortunes for the pair, potentially propelling the Japanese Yen higher. Factors to Watch: Global risk sentiment: Rising geopolitical tensions or economic uncertainties could trigger a flight to safe havens, like the Yen. US Federal Reserve policy: The Fed's stance on future interest rate hikes will continue to influence the relative attractiveness of the dollar. Japan's economic performance: If Japan's economy shows signs of improvement, it could boost confidence in the Yen. The Trade: This is not a trade recommendation, but the potential for a USD/JPY reversal due to shifting liquidity conditions is a developing story worth watching. Stay tuned: As the situation unfolds, keep an eye on these factors to see if they translate into a Yen comeback against the US dollar.
Short
by Asif_Brain_Waves
USDJPY,🟢Can price move highr...?🟢(Details on caption)As you can see, the price was in the range for a while and there is a liquidity pool on both sides of this range. A sell-side liquidity in daily FVG makes this FVG a high probability support and we can also define the bullish 4-hour breaker block inside the FVG. Now, we can expect price support from the FVG and move higher to collect the liquidity above the previous highs. Please pay attention: We need LTF confirmation to execute the buy position. 💡Wait for the update! 🗓️06/03/2024 🔎 DYOR 💌It is my honor to share your comments with me💌
Long
by VahidTradingCR
1
USDJPY: Thoughts and Analysis (Pattern discussion)Today's focus: USDJPY Pattern – Consolidation (Bullish?) Support – 149.84 Resistance – 150.81, 151.745 Hi, traders; thanks for tuning in for today's update. Today, we are looking at the USDJPY on the daily chart. Simple story today: will the current price consolidation break higher (with trend) or break lower, setting off distribution? We find it's important to break down patterns in the process and not just after they confirm or start to confirm so you can map out an action plan depending on what happens next with price. Due to the situation with the BOJ, moves higher could set off intervention worries, and we also have Fed testimony and NFP this week for the USD. Good trading.
by Eightcap
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels. The greenback index and greenback index futures had been consistent at some point of the session buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions. While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June. But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. . Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
Long
by Chart_MasterPro
USDJPY BUY USING PO3 ? (market cycles)hello guys i hope you are having a good week , today i am looking at USDJPY this weekly candle on usdjpy closes as a hammer looking like candle indicating buy. for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation. my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area. but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy . keep in mind very very action packed week ahead trade safe !
Long
by xAB777
USDJPY: Waiting For The Next Swing Move 🇺🇸🇯🇵 USDJPY is trading in a bullish trend. After the price set a new higher high, we see quite an extended consolidation within a horizontal range. 150.9 is the resistance of the range. If the market breaks and closes above that on a daily, we can anticipate a trend-following movement. Next resistance will be 151.6 Alternatively, a bearish breakout of the support of the range may trigger a bearish continuation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
USDJPY → About to Breakout to New Highs? Let's Maximize Profits!USDJPY is on its third leg up in this bull channel that started at 141.000. We're near the top of Resistance Zone, is a long justified? How do we trade this? 🤔 We need confirmation of a breakout to justify a long. After the initial bull run to 152.000, USDJPY pulled back with three legs to 140.200 and followed with a run to our current position of just over 149.000. The price action is technically at a new high in this run which could be the top of the third and final leg up. Given the two strong bull bar closes on February 2nd and 8th and the lack of a sell signal, I do not believe this leg is over yet. What we need is a close above the Resistance Zone at 150.000 followed by a test of the top of Resistance as support. Once we see that support, it's reasonable to enter a long position with a 1:2 Risk/Reward Ratio. Take half profits at 1:1 Risk/Reward which is 151.200, move the stop loss up to the entry price to lock in profits, then swing the second half above the previous 152.000 high. 152.000 is a significant resistance area and I would be cautious to assume we'll make it to that price, however, the trend is our friend until the very end. Until we have a reason to change our bias, we must remain long. 💡 Trade Idea 💡 Long Entry: 150.385 🟥 Stop Loss: $149.250 ✅ Take Profit #1: $151.200 ✅ Take Profit #2: $152.650 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two strong legs up in a micro bull channel. 2. Third leg in progress, strong bull bar closes on February 2nd and 8th, indicating more upward momentum. 3. Near the top of the Resistance Zone, wait for a close above and test of Resistance as Support. 4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward. 5. RSI at 63.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
USDJPY I Technical and fundamental analysis & Trading PlanWelcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
by BKTradingAcademy
1
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation ascending triangle, set-up hint at the continuation of growth. GOOD LUCK! Great BUY 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💰
Long
by TheGrove
1
USDJPY: Asian foreign exchange weakens, dollar rises, will interMost Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend. Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety. Concerns are growing about slowing growth in the region's largest economies. Japanese Yen fluctuates above 150, waiting for CPI data The yen fluctuated slightly on Monday but remained just above 150 per dollar and remained near a three-month low. This week focuses mainly on Japan's consumer price index (CPI) data for January, due on Tuesday. The data is expected to show core inflation is within the Bank of Japan's annual target of 2%, giving the central bank even less incentive to start tightening policy. books strongly. This notion has put pressure on the yen in recent months, especially as US interest rates are likely to stay higher for longer. However, further declines in the yen were limited by the risk of government intervention, as levels above 150 have attracted intervention in the past. PCE inflation, Fed signals are paying attention The dollar index and dollar index futures both rose 0.1% in Asian trading on Monday, after posting their first weekly losses of 2024. However, the greenback remains near a three-month high as many Federal Reserve officials warn that the bank is in no hurry to start cutting interest rates soon, especially as inflation remains subdued. High. PCE price index data - the Fed's preferred inflation gauge - is expected to provide further inflation signals this week. Several other Fed officials are also expected to speak this week and may reiterate the outlook for higher interest rates for longer.
Long
by Chart_MasterPro
USDJPY I Technical and fundamental outlook Welcome 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. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Short
by BKTradingAcademy