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Usdjpyanalysis

USDJPY is Ready to GO UP by Symmetrical Triangle Pattern🚀🏃‍♂️ USDJPY is moving near the 🟡 Potential Reversal Zone(PRZ)(147.520 JPY-147.318 JPY) 🟡. ✅It also seems that USDJPY has succeeded in forming a Symmetrical Triangle Pattern . 📚 What is a Symmetrical Triangle❗️❓ 🔸 The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. 🔔I expect USDJPY to rise to at least the 🔴 Resistance zone(148.930 JPY-148.520 JPY) 🔴 after breaking the upper line of the triangle . U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-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.
Long
by pejman_zwin
2
USDJPY: Asian foreign exchange was little changed, the dollar neMost Asian currencies were range-bound on Monday, while the dollar fell near a two-month low as markets awaited key US inflation data for further reading. signals about when the Federal Reserve will cut interest rates. Regional currencies are surging from last week after dovish signals from Fed Chairman Jerome Powell and labor data reinforced expectations that the central bank will begin cutting interest rates soon. after June. This notion weighed on the dollar, dragging the greenback to a nearly two-month low. Japanese yen is nearly 1 month high as expectations of BOJ's pivot increase The Japanese yen is one of the currencies that has benefited the most from the dollar's decline, rising sharply in the past two sessions to its highest level in more than a month. The yen traded around 147 per dollar on Monday and was also supported by growing confidence that the Bank of Japan is close to ending its policy of negative interest rates and yield curve control this week. next. The upwardly revised GDP data shows that the Japanese economy is avoiding a technical recession in the fourth quarter. The strength of the economy gives the BOJ more room to tighten policy sooner. The BOJ is expected to hold a meeting next week, with a Reuters report saying that policymakers are considering changing interest rates in March or late April. Other Asian currencies moved in flat to low ranges. The Australian dollar fell 0.2% as expectations that the Reserve Bank would gradually increase interest rates weighed on the currency. Signs of cooling economic growth also raise expectations that the RBA will cut interest rates this year.
Long
by Chart_MasterPro
USDJPY: Has bears taken over UJ?Dear Traders, FX:USDJPY reached the maximum bullish exhaustion point, currently the consolidation phase is going on expecting huge volume coming on tomorrow. Sellers will likely to dominate in this month as corrections on all JPY pairs will begin in soon time. Meanwhile, We will be focusing on targeting the ‘target one’ and then we will update the chart idea to alert you all. Focus on keeping the stop loss around 100-120 pips max since it is swing entry stop loss will be greater and so the take profit; overall we are targeting 700 pips. Good luck and trade safe!
Short
by Setupsfx_
13
USDJPYHello everyone, New week ahead. Looking forward to it! Last week we had red folder news. BTC is pumping, gold is following. I did my TA last night for my point of interset. If you look back at the charts, you can see why I am not putting limits. If I see a big candle pushing in my zone of interest, I am more than happy to watch how it goes and step in after liq crap or the next demand zone. When the entrée come, a 3RR is target, but you can also follow the price to the next interest zone. I try to update when I am taking a position.
by Ghost-Feed
USDJPY H2 / Possible Reversal from OB and Supply Area✅💡Hello Traders! This is my idea related to USDJPY H2. I expect another retracement in the OB level and after that I will execute a long trade in case of confirmation. I see the price to go up until the level of 149.500. Wait for confirmation! Apply Risk Management! Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
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