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Usdjpyanalysis

USD/JPY 💱 Moving in the Path of Least Resistance UsdJpy heading into Q4 23' . Interesting time because the USD may be over-extended but is it? What is the call for Q4 here Kingpin USD. Little weary to Sell UJ just because it is nearing the highs of structure.. Very likely we could continue highertimeframe momentum because wicks get filled in momentum. Taking a moment to look to the left, we may observe 152 is a range that we can go fill as the market moves to the upside with momentum. The Monthly timeframe is pushing up into the close of the Yearly candle. Next target that may occur for Q1 2024 is 155. What're your thoughts about medium term UsdJpy?
Long
by ShrewdCatfx
1
UDS/JPY Falling to 146.000!? Double Top Reversal Signal CompleteUDS/JPY has a double top reversal signal on the Daily candles and a triple top on the 4HR candles with a massive gap to fill. This reversal signal happened at a key level, 152.00 which is the previous high from October 2022. As shown in my previous prediction, a short position is reasonable at this level. The double/triple top is the confirmation of that short, which increases the probability of profit significantly. If there was a time to short in this bull channel, it would be now . Key Points 1. Double Top Reversal Signal on the Daily Chart 2. Triple Top Reversal Signal on the 4HR Chart 3. Gap to bottom of the channel at 146.000 4. The lowest target price is the Previous Channel High of 145.000 5. RSI at 52.00, Plenty of room to fall and supports #1-4 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Short
by TraderEngineering
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USDJPY: The USD weakened without the catalyst of important econoIn the foreign exchange market, the U.S. dollar weakened, closing at the day's low, extending Tuesday's losses. Data: October building permit applications were higher than expected, but did not provide much support for the dollar. Sterling fell by nearly 40 pips following October's retail sales data, but then rebounded sharply as the US dollar weakened. The yen led the rise among major currencies at the close of trading.
Long
by Chart_MasterPro
Drops to an eight-week low, hovers around 147.50FX:USDJPY extended the losing streak that began on Thursday and marked an eight-week low, trading around 147.40 during the European session on Tuesday. The 147.00 psychological level emerges as the immediate support following the 38.2% Fibonacci retracement at 146.32. The US Dollar (USD) has plunged to a nearly three-month low, influenced by dovish expectations from the Federal Reserve (Fed). This development is a significant factor contributing to the decline of the USD/JPY pair. The 14-day Relative Strength Index (RSI) lies below the 50 level, signaling a weaker sentiment for the USD/JPY pair. This could potentially prompt bearish movements toward the psychological support region around 146.00. If a decisive break occurs below this level, it may pave the way for the USD/JPY pair to navigate the area near the 50.0% retracement at the 144.60 level. Moreover, the Moving Average Convergence Divergence (MACD) line is positioned below the centerline and diverges below the signal line, signaling a bearish momentum in the market for the USD/JPY pair. On the upside, the major level at 147.50 serves as the immediate barrier, followed by the psychological level at 148.00. A breakthrough above the latter could provide support for the USD/JPY pair to explore the region around the 149.00 level following the nine-day Exponential Moving Average (EMA) at 149.62.
Short
by tradingconmike
USDJPY 4H: Support further decline USDJPY New forecast The price of the dollar pair against the yen fell to exceed the level of 149.41, and now it is trying to stabilize below it, the support level of 148.35, and stability below this level will confirm the continuation of the dominance of the downward trend in the immediate term, and the way is open to heading towards our next target at 147.87 and 146.98. Therefore the downward scenario will be remain valid once stabilized under 148.35 level , taking into account that failure to stabilized under 148.35 level and reversed above 148.89 will support the price to rise up again and do a positive correction . The expect range trading for today it will between resistance line 149.41 and support line 146.98. support line : 147.87 , 146.98 resistance line : 148.89 , 149.41 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Short
by Arazmajeed
10
PIMCO Is Buying Yen to Brace for Imminent BOJ Monetary Policy ShPIMCO, one of the world's leading investment management firms, has taken a significant position in buying yen, indicating their preparedness for an imminent tightening of the Bank of Japan's (BOJ) monetary policy. The BOJ has long been known for its accommodative stance, but recent economic indicators and signals from policymakers suggest a potential shift towards a more hawkish approach. PIMCO's move to buy the yen serves as a clear indication that they anticipate the BOJ to take actions that could strengthen the Japanese currency. Given PIMCO's reputation and expertise in navigating global markets, their decision to buy yen should not be taken lightly. It is crucial for us to consider the potential implications of this move and the impact it may have on the USDJPY currency pair. Given these developments, I strongly encourage you to consider a short position on USDJPY. While this decision ultimately rests in your hands, weighing the potential risks and rewards is important. As PIMCO's move suggests, a tighter BOJ monetary policy could lead to yen appreciation, thereby weakening the US dollar against the Japanese yen. Timing is of the essence, and it is essential to act swiftly in the face of this potential shift in the market dynamics. I recommend conducting thorough research, analyzing market trends, and consulting with your trusted advisors before making any investment decisions. As always, it is essential to remain vigilant and adaptable in these uncertain times. The global financial landscape is constantly evolving, and it is our responsibility as traders to stay informed and make informed decisions. If you have any questions or require further assistance, please do not hesitate to reach out. Together, we can navigate these challenging market conditions and seize the opportunities they present. Wishing you success in your trading endeavors.
Short
by bryandowningqln
Bearish Outlook [USD/JPY] Unveiling Double Top PatternThe USD/JPY currency pair is currently presenting a compelling technical setup on the daily timeframe, marked by a double top pattern. This pattern is characterized by two distinct peaks in bullish momentum, both displaying notable similarities in terms of pips gained. The initial bullish move saw an approximate rise of 300 pips, followed by a second surge of around 270 pips. Divergence Analysis: Adding a layer of complexity to this analysis is the examination of the Dollar Index (DXY), where a potential divergence is observed when comparing the tops of the bullish momentums. This divergence in the DXY could provide additional confirmation for a reversal in the USD/JPY pair. Key Institutional Level: The institutional level of 149.000 emerges as a critical point in this analysis. If the price breaks below this level, a scenario unfolds where a retest of the 149.500 area becomes likely. This retest could serve as a key turning point, signifying a potential shift in market sentiment and the beginning of a downward trend. 4-Hour EMA200 as a Confirmatory Signal: Zooming in on the 4-hour timeframe, the Exponential Moving Average (EMA) with a period of 200 is notably positioned above the price chart. This configuration often acts as a technical signal, indicating a potential reversal in the prevailing trend. In this case, the EMA200 above the price chart adds weight to the bearish outlook for USD/JPY. Timing Entry on Lower Timeframes: For traders looking to capitalize on this potential bearish move, attention to lower timeframes such as 1-hour or 30-minute charts becomes crucial. The ideal entry point, in this analysis, is anticipated in the vicinity of the 149.500 area. Monitoring these lower timeframes will allow for a more precise timing of the entry as the price approaches the identified level. Conclusion: In conclusion, the technical analysis of USD/JPY reveals a confluence of signals pointing towards a bearish trend. The double top pattern, coupled with similarities in bullish momentums, a potential divergence in the DXY, and the significance of the 149.000 institutional level, all contribute to a comprehensive bearish argument. Traders are advised to stay vigilant, especially on lower timeframes, for a confirmed entry opportunity around the 149.500 area, with the 4-hour EMA200 serving as an additional confirmation signal for the anticipated reversal.
Short
by e11p
USD/JPY Bullish Trade Setup: Buy Limit at 149.5This USD/JPY trade strategy capitalizes on the currency pair's strong uptrend as identified from the monthly, weekly, and daily charts. The current price near 149.5 presents a compelling entry point for a bullish position. The setup involves: Entry Point: A buy limit order at 149.5, positioned just below the current market price, aiming to capture potential upward momentum. Stop Loss: Set at 148.5, below a recent swing low on the daily chart, providing a safeguard against unexpected downward movements. Take Profit: The initial target is 151.5, just below the key resistance level of 152.0. This level is chosen based on the price’s historical performance, where it has yet to break this significant barrier. The trade is backed by an overarching bullish trend, reflected in the higher highs and lows observed across all three timeframes. While the fundamental outlook indicates the USD's strength, particularly with better-than-expected retail sales data, the high sell sentiment in the market suggests a possibility of a short squeeze, further supporting a bullish approach.
Long
by Fexcat
USDJPY: It cannot be said with certainty that a weak JPY has a nBank of Japan Governor Ueda said: It cannot be said that the weak yen will have a negative impact on the Japanese economy. A weaker yen promotes domestic inflation due to higher import costs. Weak yen has a positive impact on exports and profits of Japanese companies globally We do not comment on exchange rate fluctuations As we get closer to our inflation target, we will be discussing exit strategies and outlooks, including ETF purchases. The Bank of Japan has no concrete plans to sell ETFs. When we sell ETFs, we do so in a manner that minimizes market disruption and significant losses to the Bank of Japan's balance sheet.
Short
by Chart_MasterPro
1
Potential deeper pullbackFX:USDJPY retraces some of Wednesday’s 0.60% gains on Thursday due to overall US Dollar (USD) weakness amid a risk-off impulse. Worse than expected, fundamental data from Japan’s triggered flows toward safe-haven assets, boosting appetite toward the Japanese Yen (JPY). At the time of writing, the major trades at 150.61, virtually unchanged in the early Asian Friday session. According to the daily chart, the USD/JPY remains upward biased for the long term, but in the short term, the drop below the Tenkan-Sen at 150.92 could open the door for a deeper pullback, and test key support levels. The first support would be the Kijun-Sen at 150.32, before diving to the 150.00 psychological figure. The correction would extend further, once traders clear the latter, with intermediate support seen at the November 3 low of 149.18, before sliding toward the Senkou Span B level at 148.91. On the other hand, if USD/JPY buyers reclaim the Tenkan-Sen at 150.91, that would sponsor a leg-up above the 151.00 mark, opening the door to retesting the year-to-date (YTD) high at 151.91.
Short
by tradingconmike
USDJPY: Japan's Economic Minister warned that the global recessiStatement from Japan's Minister of Economy on the third quarter GDP report: It should be noted that the threat of global recession is depressing the Japanese economy Domestic demand, including consumption and investment funds, decreased significantly in the third quarter Personal consumption slumps due to rising prices Industrial production is under pressure due to rising raw material prices and reduced investment in construction and machinery. Consumption of services such as eating out continues to recover Concerns about the future of the Chinese economy need to be carefully monitored
Short
by Chart_MasterPro