Usdjpyanalysis
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 !
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.
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USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Rising Wedge as an Corrective Pattern in Short Time Frame with the Breakout of the Lower Trend Line
RSI - Divergence
Break of Structure
Completed " 123 " Impulsive Waves
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!
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USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Bullish Channel as an Correction Pattern in Short Time Frame with the Breakout of the Lower Trend Line
Break of Structure
Consolidation Phase
Completed " 1234 " Impulsive Waves
RSI - Divergence
USDJPY I Technical and fundamental analysis & Trading PlanWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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USDJPY Weekly analysisHello, traders here is an analysis of USDJPY you can see that the price has rejected this area two times and there is a likelihood that the price can do it again, I just have to wait for it to go below that zone and retest it then I can look for bearish opportunities. If the price goes up then I will do the same thing wait for it to go above the highlighted zone and retest it then I will look for bullish opportunities.
USDJPY 1H ProjectionUSDJPY 1H Projection
All over market in bullish trend.
short term inducement sell not enough volume for upward move.
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.
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DeGRAM | USDJPY pullback against the major bullish trendUSDJPY is trading in the ascending channel, making higher highs and higher closes.
Price is returning to the support level as a result of the market's pullback.
The marker is likely to go up from the kill zone since the major trend is bullish.
We expect a re-test of the resistance level.
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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.
USDJPY NEXT MOVE POSSIBLE Usdcad Next Move Possible Reason Rsi Showing Over bought And usdcad is facing resistance level
we have best selling opportunity aroung 151.45 For Target 148.40 to 146.87
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.
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USD/JPY looks set to perk up heading into the weekendThe 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish trend structure on this timeframe, the bias is for a move back to the week's high with room for a run for 150.80.
USDJPY M15 / Potential Long Move, Waiting for Confirmation✅Hello Traders!
This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY SELL | Setup 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💰
USDJPY (H4) Will fall to 148 or increase to 152 ?OANDA:USDJPY USDJPY (H4) Will fall to 148 or increase to 152 ?
The USDJPY market on the H4 timeframe exhibits the following characteristics:
The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur.
The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power.
Simultaneously, the lower end establishes a loosely defined price support region, with cand
lesticks extending below the support area.
Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152.
It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.
UsdJpy- Top in place?As you are aware, I've held a bullish outlook on FX:USDJPY and anticipated a rise from the 145.50-146 zone.
My target of 150 has not only been met but surpassed.
However, after peaking for the year at 150.87, the pair initiated a minor correction and started to consolidate.
While we lack confirmation for a reversal at the moment, there are indications suggesting one might occur.
Firstly, the 150-151 zone appears to be a region the Bank of Japan (BoJ) is determined to defend.
Secondly, the reversal from the peak is an Evening Star candlestick pattern, commonly associated with reversals.
Thirdly, as detailed in a DXY analysis from two days ago, the USD may encounter headwinds and begin to decline.
As mentioned, confirmation is crucial, which would need a break below the 149.50-149 zone.
In the event of such a break, the pair could potentially drop by 400 pips to the significant 145 level.
USDJPY Swing setupI still think USDJPY is about to drop and this time i decided to open a swing trade to hold for some days/weeks. Dollar is actually strong but i see some bearish signals on DXY, and the chart is showing me that UJ is about to reverse. Break of main structure, resistance zone, bearish divergence and more! Expecting a drop
USDJPY I Wait for pullback to key level and bullish continuationWelcome 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!
USDJPY Wedge Breakout! USD-JPY broke out of the
Bearish wedge after the
Retest of the horizontal
Resistance of 150.6
So I think that we will
See a move down!
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