Usdjpyanalysis
USDJPY: The Japanese Yen decreased because the market predicted
The Japanese yen is the worst among Asian currencies through 2024, extending its decline from the previous year as traders grow more confident that the Bank of Japan will delay policy changes were extremely moderate.
Reconstruction and stimulus measures following the devastating earthquake in central Japan are expected to offset any notion of BOJ policy tightening, at least in the near term.
Such a scenario points to increased pressure on the yen, especially from the wide gap between domestic and international lending rates. Japan's interest rates have remained extremely low for nearly eight years.
Weak data on inflation and weak wage growth also suggested less pressure on the BOJ to change its ultra-dovish course.
Broader Asian currencies were trending lower, as doubts about an early Fed rate cut kept traders largely biased against the dollar.
USDJPY SELLING FROM RESISTANCE ZONE !!!!HELLO TRADERS
As i can see this pair is still in bearish trend and still have to complete these design levels till it test daily horizontal Support CPI ahead so stay stick with you plans fundamentally bad conditions running on $ around the world so out TP,s are not a big deal after a yearly high this pair had done tested traders its just an trade idea share ur thoughts with in comment session
Potential double top on USD/JPYThe weekly chart shows a bullish engulfing candle formed last week, which marks 140.25 as an important swing low. Whilst we remain unconvinced the pair will simply break above 152, it does show the potential to extend its countertrend bounce.
However, with the pair stalling beneath last week’s high ahead of a key US inflation report, the potential for a pullback seems feasible. The 4-hour chart shows that a bearish divergence is forming with RSI (14) and the US2yr-JP2yr spread. Given last week’s high was just shy of 146 and the monthly S1 pivot, we’re on guard for a double top to send prices lower. Therefore, bears could fade into moves towards 146 with a stop above the monthly S1 pivot at 146.15.
For a large bearish reaction over the next 24 hours, we’d likely need to see a softer set of numbers from the US inflation report relative to expectations.
Bold 370 Pips Buy idea in USD/JPY,are you with me ?Hello fellow traders and the entire Tradingview community. I have come up with a bold new idea on USDJPY which can give us more than 320 Pips profit if it goes according to plan.
As you can see from the hourly chart, USD/JPY is currently back to the same level as it was
last Thursday. So, based on a simple demand and supply strategy, we can expect UJ to go up from this level provided this zone is not broken.
As an aggressive trader, I have already bought UJ@141.35 with a target of 145. I do not use a stop loss , but you can probably use an SL below the demand zone. Make sure you do not get stop-hunted.
EURUSD I Technical Outlook Welcome back! Let me know your thoughts in the comments!
** EURUSD 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 Position on USDJPY-4HHello Traders !
This is the USDJPY Technical Viewpoint in The Long Term .
After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD.
We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart.
Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
USDJPY, SHORTUSDJPY price is currently resisted by the DAILY EMA 200 after a fibo retracement on the previous daily candle was done to a 50% discount.
Price is expected to continue decline to retest the 4hr EMA 50 at 143.200 in the medium short term and possibly down to retest the monthly support at 142.00 on the expected decline of the USD index as i predicted.
USDJPY Shorts from 145.500 back down towards 142.000This week's strategy involves following the ongoing bearish trend in USDJPY. I plan to initiate sell positions around the newly formed 4-hour supply zone. To execute this, I'll wait for a redistribution pattern to unfold and a clear CHOCH signal before considering a sell. It's important to note that there's a possibility of price pushing higher to test the 14-hour or daily supply above.
Considering that price has already reacted to a supply zone, it wouldn't be surprising if it continues lower towards the 15-hour demand zone. In such a scenario, I'll be on the lookout for a buying opportunity, but I'll wait for the Asian low to be breached within that zone, potentially in the form of a spring, before considering a buy.
Confluences for USDJPY Sells are as follows:
- 4hr or 14hr supply zone that has caused a break of structure to the downside.
- Price is completed a retracement so we can expect a wyckoff distribution to play out.
- Lots of major trend lines still left below on the high time frame that needs to get swept.
- Price has been in a very bearish trend ever since it failed to take the all time highs.
- The dollar is also looking bearish so I can expect more downside for this pair too.
P.S. As I currently hold a strong bearish stance on USDJPY, I won't be surprised if the demand zone fails due to significant liquidity below it. However, at the moment, my primary focus is on potential sell opportunities, considering that price has recently completed a retracement. My strategy aligns with the prevailing bearish trend.
USDJPY I Retest and Rejection to DownsideWelcome 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 → Descending Wedge Bullish Pattern! Should We Long Here?USDJPY is forming a descending wedge pattern signaling bullish sentiment and setting us up for a long position. Are we in a position to short now?
How do we trade this? 🤔
We have the wicks! But we need confirmation. We've had three pushes down that include two large wicks and some nice bullish price action that followed. What we need now is a push and a close above the Daily 30EMA to confirm the move up. These conditions will give us enough probability to enter a long.
I'm playing this trade conservatively because we do have a few items working against us:
1. Lack of a Higher High
2. The Former Support Zone could act as a resistance
3. The Daily 200EMA is right above that former Support Zone (now Resistance).
That being said, we have a setup for a long scalp and if we size our position properly, this is a good opportunity to grab some market movement.
💡 Trade Idea 💡
Long Entry: 142.200
🟥 Stop Loss: 140.000
✅ Take Profit: 144.400
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Descending Wedge after Extensive Bear Run. Bias to Long.
2. Last three touches of Support had Strong Wicks. Bias to Long.
3. Look for break above 30EMA followed by Test of Support.
4. Enter 1:1 Long Scalp with Confirmation
5. RSI at 41.00 and above Moving Average. Bias to Long.
💰 Trading Tip 💰
Descending Wedges signal an increased probability of a trend reversal. Combined with strong buy bars (candles with large wicks on the bottom), creates conditions where a reversal trade is reasonable.
⚠️ 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!
DeGRAM | USDJPY confluence levelUSDJPY has reached a confluence level where: resistance, fibo cluster, and harmonic pattern.
Price action is testing a major resistance where the price made a sharp move down.
A false break is going to be an ideal signal to short the market at the confluence level.
We anticipate a bearish move and a test of the descending channel.
-------------------
Share your opinion in the comments, and support the idea with a like. Thanks for your support!
USD JPY SHORT#1
Risk 1%
RR of 1:3
Disclaimer:
The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios. A full version of the disclaimer is available in our profile description
USDJPY I Japanese Yen Will Keep On Rolling BUT Look for This!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!
USDJPY Shorts from 142.500 down towards 140.000My bias for USDJPY is pro-trend, aiming for a bearish move within a nearby 10hr supply zone. Currently, I expect a bit more upside and a redistribution within my point of interest (POI). Upon confirmation of these factors and other confluences, I'm inclined to sell down towards the psychological level of 140.000.
I am also anticipating a bullish reaction from the 7hr demand, which has caused a break of structure (BOS) to the upside, I recognise the importance of waiting for price to reach a discounted or premium area due to its current equilibrium state. However, considering the recent BOS to the downside, I anticipate a retracement to a supply zone for a potential sell-off.
Confluences for USDJPY Sells are as follows:
- price has broken structure to the downside and has left clean 10hr supply zone.
- Price is currently in a retracement so we can expect a wyckoff distribution to play out.
- Lots of major trendiness still left below on the high time frame that needs to get swept.
- Price has been in a very bearish trend ever since it failed to take the all time highs.
- The dollar is also looking bearish so I can expect more downside for this pair too.
P.S. As this trade aligns with the prevailing trend, the selling proposition is currently highly favorable. While the Fibonacci range indicates that the 14hr supply is more likely, I foresee the possibility of the 10hr supply failing to react off the 14hr at a more premium level.
HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
USDJPYOn the monthly chart, the price has completed a long term market correctio. We have seen a reaction from the monthly demand indicating order flow has shifted to bearish.
On the weekly charts, we have an internal shift in order flow and a correction that is complete confirming our long-term bearish outlook.
On the daily charts we anticipate a correction to mitigate the 146-147 region, there is a possibility the market might go higher so we will wait for confirmation for either buy limit targeting 146-147 or sell limit from the same region or higher.
USDJPY: USD/JPY hit a 5-month low due to Fed - BoJ policy divergJPY's rally benefited from hawkish comments from BoJ Governor Ueda when he emphasized policy divergence between the Fed and BoJ.
USDJPY is falling again after 2 consecutive sessions of increase. Technical indicators show that the downward momentum is still strong. The key resistance to watch is the 200-day MA at 142.75, with the next target at 143 and 144. On the contrary, if the price can be maintained below this mark, the downtrend will be consolidated. Sellers may aim for the 141.90/85 zone, followed by the multi-month bottom at 141 set last week, support at 140.45 and the 140 mark.
USDJPY:NEW IDEAA new opportunity for the USD/JPY pair
The pair is trading at prices of 142.222, as the price is trading within the price channel shown in the image
As we see, the positive outlook is the strongest, and we target prices of 143.314 with a stop loss to close the hourly candle below the bottom of 141.873, taking into account risk management.
Thanks.
USD/JPY Under Pressure: Dovish Fed Outlook and BoJ's Caution..USD/JPY Under Pressure: Dovish Fed Outlook and BoJ's Caution Fuel Bearish Momentum
The USD/JPY pair continues to experience losses as the US Dollar (USD) weakens, influenced by the dovish outlook presented by the Federal Reserve (Fed) in the first quarter of 2024. The recent decline gained momentum on Friday, triggered by softer domestic consumer inflation data, amplifying uncertainty regarding the potential timing of the Bank of Japan (BoJ) tightening its ultra-loose policy. Minutes from the BoJ's October monetary policy meeting further indicated a commitment to maintaining the current accommodative stance, putting additional downward pressure on the Japanese Yen (JPY).
Market Developments:
As the USD/JPY pair trades lower around 140.70 during the early European session on Thursday, attention is drawn to the psychological areas of 141.00 and 141.600, which now pose as immediate resistance levels. The next significant barrier is identified at the 142.00 level, suggesting that the pair faces an uphill struggle in its attempt to reverse the prevailing bearish sentiment.
Technical Analysis and Correlation:
Building on our technical analysis and considering the correlation with the EUR/USD pairs, the outlook for USD/JPY points towards a continuation of the bearish momentum. The dovish Fed stance and cautious BoJ approach contribute to the prevailing downward pressure on the USD/JPY pair, emphasizing the potential for further losses in the near term.
Looking Ahead:
The uncertainty surrounding the timing of the BoJ's policy tightening and the dovish tone from the Fed are likely to remain key drivers for the USD/JPY pair. Traders and investors will closely monitor any developments in monetary policy discussions and economic indicators that could offer insights into the future direction of the currency pair.
As the USD/JPY pair faces resistance levels and grapples with the repercussions of dovish central bank outlooks, the bearish momentum seems poised to persist. The interplay between the Federal Reserve's stance and the Bank of Japan's cautious approach sets the stage for continued volatility in the pair. As market participants navigate these dynamics, the focus remains on potential opportunities arising from the evolving conditions in the currency markets.
Our preference
Short positions below 143.00 with targets at 139.90 & 138.50 in extension.