USDJPY - Short active ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price almost filled the imbalance and reacted from institutional big figure 145.000.
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Usdjpyanalysis
USDJPY H1 / TARGET TAKEN ✅ LOOKING FOR A SHORT ENTRY 📉Hello Traders!
The target for UADJPY H1 was hit. Now I see a good opportunity to execute a short entry, taking into consideration the retracement from the resistance level, and the fact that DXY at the moment is weak.
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 - H4USDJPY
H4 - The price has approached the upper border of the downward channel. There are 2 scenarios possible: a rebound from the border and continued movement towards updating local minima.
If it fixes behind the trend line, the price may continue its corrective growth from the higher timeframe.
To consider an entry, it is better to expect the formation of a 3-wave structure for sales; for purchases, it is better to expect fixation and retest behind the trend line
What can you expect?
Waiting for a 3-wave structure and considering selling; if you are considering entering from these levels, reduce your risk so as not to fall into a continuation of the upward movement.
Short
Target 143.417 - 142.482 - 140.925 - 140.144
GBPJPY and EURJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY H1 / A LONG TRADE OPPORTUNITY 📈Hello Traders!
This is my perspective for USDJPY H1. I see a very strong descendant trend, and I expect a Bullish move until the price of 145.000. At the same level, the liquidity gap will be closed. In case of confirmation, I expect to see a strong Bearish move until the price of 142.500.
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 Shorts from 145.200 down towards 140.000USDJPY continues to display a strong bearish outlook as the price has once again broken structure to the downside, affirming a long-term bearish trajectory. Regarding potential opportunities around the current price, my strategy involves awaiting a price retracement to the nearest supply, identified on the 15-hour time frame. This scenario represents the next potential phase for the price to initiate a downward movement.
At present, I'm in a wait-and-see mode, anticipating the price to fill in the imbalance and undergo redistribution. This would serve as an indication that bullish pressure is diminishing, signaling the potential for another impulsive downward move. If the price proceeds further downward, I'm also prepared for a potential buying opportunity around the 7-hour demand zone near 140.000.
Confluences for USDJPY Sells are as follows:
- Price broke structure to the downside confirming a long term bearish trajectory.
- Dollar (DXY) looks like its going to continue a bearish trend which acts as a positive correlation for this pair.
- Lots of liquidity below that hasn't been taken on higher timeframes like trend lines etc.
- In order for price to continue in its bearish course it must retrace back to a major supply so it can create another impulsive move to the downside.
P.S. Being decidedly bearish on this pair, I am eager to observe the response from the 7-hour demand zone, situated at a significant psychological level of 140.000. Furthermore, the zone has initiated a Break of Structure (BOS) to the upside, providing an additional positive confluence that suggests the potential temporary holding of this zone. Feel free to share your thoughts on the USDJPY market in the comments below.
USDJPY → Bear Run Complete! Bounce back to 152.000? Let's AnswerUSDJPY has officially broken out of the bull channel it's been in since February 2023 and fell hard into the Weekly 200EMA! The final Daily bear candle closed with a large wick over 1/3 the total size and the following Daily candle closed with a long tail as well. Does that mean we're going up?
How do we trade this? 🤔
A bear breakout on a bull channel after the double top reversal is usually a signal that we're about to enter a trading range (sideways price action). We have a good show of Support at the 200EMA and possibly up to the previous high in the bull channel between 143.850 and 144.850, but we need confirmation to ensure that this Support zone is real which includes a strong bull followthrough candle on the Daily chart.
Look to long toward the bottom of the trading range after it's been established, an entry around the 145.000 area is reasonable looking for a 1:1 scalp or 1:2 swing on a lower timeframe.
💡 Trade Idea 💡
Long Entry: 145.500
🟥 Stop Loss: 143.200
✅ Take Profit: 150.100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bear Breakout of Bull Channel, Entering Trading Range.
2. Three Legs Down to Daily 200EMA.
3. Two Large Wicks on 200EMA, Look for Confirmation.
4. Trend Change, Establishing Trading Range between 145.000 and 152.000.
5. RSI at 35.00 and below Moving Average. Wait for Confirmation to Long.
⚠️ 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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USDJPY: Goldman Sachs: Reduced 12-month USD/JPY forecast to 140 Goldman Sachs Data reported on December 18 that Goldman Sachs has revised its forecast for next year's exchange rate and expects the US dollar to weaken further.
“The biggest revisions to our forecasts are on exchange-sensitive currencies like the Japanese yen,” strategists including Danny Suwanapruti and Michael Cahill wrote in a Dec. 15 report. , the Swedish krona and the Indonesian rupiah, these currencies will struggle under a 'keep interest rates higher for longer' regime. "
Goldman Sachs forecasts USD/JPY three-month target at 145, six-month target at 142 and 12-month target at 140; previous forecasts for the same period were 155, 155 and 150 respectively.
USDJPYHey Everyone,
While many traders believe that UJ will reverse and drop significantly, but, what we think price will continue the bullish trend as it is very unlikely that JPY will gain its strength back. UJ will at least move up 500+ pips before it may drop significantly. For this year, USDJPY remain too bullish in our opinion.
what do you all think about it?
USDJPY: Japan's ruling party proposes to reduce income taxReuters reported:
The tax reform council of Japan's ruling Liberal Democratic Party has agreed to reduce income taxes to compensate households suffering from soaring prices and support a change in the deflationary mindset that has pervaded the country. past decades
The move is also intended to encourage a healthy growth cycle driven by private sector demand, with tax policymakers increasing tax breaks for businesses planning to increase wages.
The draft of tax breaks under the framework of tax reform in fiscal year 2024 will be finalized on Thursday
USDJPY Trendline Break Re-TestHi Traders!
USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks.
Here are the details:
The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly low.
Preferred Direction: Sell
Entry Level: 146.750
Stop Level: 148.598
Target Level: 142.862
Technical Indicators: 20 EMA
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Trade safely and responsibly.
BluetonaFX
USDJPY WEEKLY UPDATES
Price reacts at certain levels because of its high demands.
Previous idea last
Nov 21, is still my buying longterm.
Not changing unless price goes there, You can scalp this idea base on your strategy
Banks or other financial institution can rebuy on their old order book, the reaction on price can be use in the future buying or selling again.
We wait until this zone being rebuy.
This is only my view on UJ not a financial advice.
Follow for more higher context or higher timeframe updates for swing and longer trades.
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.
Usd jpy sellHello, according to my analysis of USDJPY. It exists in a very negative state. The price broke the ascending channel, with the formation of a descending channel as shown in the analysis: All these factors confirm the sellers’ control over the market. More declines in the coming days. Good luck to everyone
USDJPY : Short Trade , 4hHello traders, we want to check the USDJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 143.300. Good luck.
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.
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