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Usdjpyanalysis

USD/JPY: Bullish Momentum Continues Amidst Shifting Market USD/JPY: Bullish Momentum Continues Amidst Shifting Market Sentiments In the early European session, the Japanese Yen remains on a downward trajectory against the USD, as investors recalibrate their expectations regarding the Bank of Japan's (BoJ) policy stance. The prevailing risk-on environment, coupled with the USD's renewed strength, contributes to the ongoing decline of the safe-haven JPY. Additionally, the positive momentum for the USD is fueled by a recent CPI report and a rebound from the Fair Value Gap (FVG) liquidity-taking area, setting the stage for a bullish rally. Technical Analysis and Bullish Momentum: The USD/JPY price, after extracting liquidity from the FVG Fair Value Gap between the 144.500 and 142.500 areas, experienced a robust rebound, sustaining its bullish rally. The USD's renewed strength, amplified by a positive CPI report, played a crucial role in reversing the JPY's downward pressure, leading to a solid recovery. The price remains positioned above the 200 SMA and within a bullish channel, indicating a positive trend. The analysis signals a potential continuation of the upward momentum, with targets set at the 78.60% Fibonacci retracement level from the recent swing high and low. Market Drivers and Catalysts: The prevailing risk-on sentiment, coupled with the optimistic market outlook, contributes to the JPY's decline against the USD. Investors are adjusting their expectations for the BoJ's policy stance, aligning with the broader market sentiments. The USD gains additional traction, supported by positive economic indicators, including a recent CPI report, further reinforcing the bullish narrative. Conclusion: As USD/JPY maintains its upward trajectory, fueled by shifting market sentiments and positive economic indicators, traders are eyeing a potential continuation of the bullish momentum. The technical analysis supports a long position, with Fibonacci retracement levels serving as key targets. However, market participants should remain vigilant, considering potential reversals and external factors that may impact the currency pair's dynamics. Our preference Long positions targets at 149.75 & 150.75 in extension.
Long
by FOREXN1
1
USDJPY I Bullish USD unemployment claims long from supportWelcome 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!
Long
by BKTradingAcademy
3
💡 USDJPY: Next predictionLast Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings last month, prompting investors to scale back their expectations of a Federal Reserve interest rate cut in the coming year. Furthermore, the increase in US Treasury bonds and the strength of the US dollar are additional factors contributing to the yen's depreciation. Following the release of the US non-farm data, USD/JPY swiftly rebounded, with the MACD double line and bar chart forming a golden cross below the zero axis. Nevertheless, it is still trading below the 48-hour moving average, suggesting the possibility of a short-term pullback. -> Sell ​​strategy can be applied and stop loss is necessary.
Long
by Stone_Haven
USDJPY Shorts from 147.000 down to 140.000My breakdown for USDJPY this week involves sustaining its temporary bearish trend. Currently, the price has shown a bullish reaction at our identified Point of Interest (POI), resulting in a pullback to tap into a Daily supply zone above. Following this, our strategy involves anticipating a redistribution on lower time frames to facilitate selling opportunities, targeting the equal lows. Considering the impact of NFP Friday on our demand, we await the formation of a correction to prolong the downward trend. In case the price opts for breaching equal lows first, our plan involves waiting for entry at the 7-hour demand zone, presenting an opportunity to buy at a more favorable price. Confluences for USDJPY Sells are as follows: - Price retraced from a 2-day demand and now slowly approaching a daily level of supply zone. - Supply Zone is on the daily time frame that has also caused a Break of structure to the downside. - Lots of liquidity to the downside in the form of equal lows, and major trendlines. - Price needs to fill the imbalance as well which has been left from the supply zone. - The dollar is also expected to be bearish so this pair is also projected to move in a similar way. P.S. Since the price on the higher time frame couldn't surpass the all-time highs and experienced a significant sell-off, my expectation is that the price may continue its decline to target substantial liquidity below. Consequently, I am inclined to seek pro-trend trading opportunities to prolong this downward movement, aiming for the 140.000 mark.
Short
by Hassan_fx
1
#USDJPY: Still bull have the control! Dear traders, with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price from the current trading price rise from this moment. Second, is where price can drop around 144-143 region and bounce from that point.
Long
by Setupsfx_
2
USDJPY → Drop to 144.000!? Or Fly back to 152.000? Let's Answer.USDJPY fell from the double top as predicted in last week's analysis, hitting my take profits all the way down to 147.120. Will there be more downside or are we ripe for a rip back to 152.000? How do we trade this? 🤔 This analysis shows us three clean support areas: 146.000 (Bull Channel Support), 145.000 (Previous High), and 144.000 (200EMA). It's reasonable to zoom into small timeframes and look for short scalp setups down to those levels. Since the macro trend is bullish, I would be careful to hold any shorts now that the gap from 152.000 has closed the majority of the way. The RSI is still below the moving average and has *some* room to fall, supporting the short-term bear bias. Long-term, look to get long! We'll need a strong show of support with a bull signal bar and confirmation candle closing on or near its high and for the RSI to head upward breaking above the Moving Average. 💡 Trade Ideas 💡 Short Entry: 146.850 🟥 Stop Loss: 150.000 ✅ Take Profit: 143.700 ⚖️ Risk/Reward Ratio: 1:1 Long Entry: 145.500 🟥 Stop Loss: 143.200 ✅ Take Profit: 150.100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bull Channel, Bias to Long. 2. Double Top Reversal Signal. Still Gaps to Fill. 3. Wait for Support at Channel Support, Previous High, or 200EMA. 4. Previous Channel High of 145.000 Final Target. 5. RSI at 35.00, below Moving Average. Supports Short-term Short, Long-Term Long. ⚠️ 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 comment if you found this analysis useful!
Long
by TraderEngineering
Tipping Point: Are We Poised for a Breakthrough or Breakdown?This pair is at a crucial point. What happens here will set its course for the next few months or even longer. Last week, it went above 150, but then there was a big drop. It seems the Bank of Japan (BOJ) stepped in, just like they did last year. When they did that last year, the price dropped over 2,000 pips in the following months. Will the same thing happen again? The 152 mark is a significant resistance level. If the we manages to break and get a weekly or monthly close above this level, it could pave the way for a rally towards the Monthly SUPPLY/SELL zone at 157. Given the circumstances, such as ten consecutive weeks of the market reaching new highs and recent BOJ interventions, I don't see this happening for now anyhows. I believe that buying this pair at current levels is risky. Though I do anticipate another attempt to breach the 150 mark, perhaps even surpassing last week's high, before an imminent sell-off. I'll be using the TRFX king indicator to spot sell signals on the 4-hour to daily charts, especially as the market nears or exceeds 150. My stop-loss will be set slightly above 152. If this rally does not occur I will wait for the break lower and then enter on the first sell signal on the first pull back. First target that should be easily hit is 145 ,this should act as some sort of support and could be an area for buyers to regroup and try to push for a move to break 152 (I don't see this happening though this is trading anything can happen) If the pair dives below 145, it could signify an even deeper correction, potentially below 140. Further sell-offs, potentially triggered by the BOJ altering their negative rate policy, could lead to rapid unwinding of carry trade positions. To sum it up, I believe entering buying positions at current levels is very risky and if you are looking to buy I would wait for pull backs towards 145. In contrast, a sell position seems to offer a more attractive risk-reward proposition and has the potential to result in a substantial trade.
Short
by TheFxAce
43
UsdJpy- Is this correction over?Recently, I mentioned that USD/JPY might decline from above the 150 mark to test the 147 support or even the crucial 145 level. However, let's not deceive ourselves— the trend for USD/JPY remains extremely bullish. Even if there's a correction of around 500 pips, it's merely a temporary setback, and, from a fundamental standpoint, nothing is changed to indicate a reversal. Technically, as illustrated in the chart, the recent decline is confined within a falling wedge, a pattern that typically signals a resumption of an upward trend. As previously discussed, the 145 zone serves as a robust floor for the pair. In the event of a drop to that level, traders might consider buying with a risk-reward ratio of at least 1:5. Alternatively, a daily close above 147.50-147.70 would indicate that the recent low of 146.20 is the bottom, and the pair could reverse direction without testing the significant support level. In conclusion, from the perspective of a swing trader, the focus should be on identifying buying opportunities in the market.
Long
by Mihai_Iacob
8
USDJPY - H4USDJPY W1 - The price has reached the trend line level, which could potentially result in a corrective movement. D1 - The 3rd wave is being realized, the price is near a strong level, which can lead to a correction. If you opened positions from a previous idea, you can securely transfer yourself to the break-even point, and then enter again after the correction. H4 - A triangular formation has been formed, which can lead to further continuation of the movement down the 3rd wave on D1. If the price breaks upward, it may begin a correction. What can you expect? For purchases with low risk per transaction: You can consider entering from the level of 147.464 with further movement to the target of 148.674. Cancel the idea so as not to take increased risk on the idea level - 146.555 For sales during a trend movement: You can consider entering from the level of 146.509 with further movement to the target of 145.013. Cancel the idea so as not to take increased risk on the idea level - 147.480 Long Target 147.701 - 148.209 - 148.674 - 149.424 Short Target 146.008 - 145.484 - 145.013 - 144.254
by Trade_Hive_Signals