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Usdjpyanalysis

USD/JPY "The Gopher" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤🐱‍🏍 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the ˗ˏˋ ★ ˎˊ˗USD/JPY "The Gopher"˗ˏˋ ★ ˎˊ˗ Forex Market. Please adhere to the strategy I've outlined in the chart, which emphasizes short entry. Our aim is the high-risk Green Zone. Risky level, oversold market, consolidation, trend reversal, trap at the level where traders and bullish thieves are getting stronger. 🏆💸Book Profits Be wealthy and safe trade.💪🏆🎉 Entry 📈 : "The heist is on! Wait for the breakout (148.000) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest. 📌I Highly recommended you to put alert in your chart. Stop Loss 🛑: Thief SL placed at (150.000) swing Trade Basis Using the 4H period, the recent / swing high or low level. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 145.000 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Short side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook: USD/JPY "The Gopher" Forex Market is currently experiencing a Bearish trend in short term, driven by several key factors. 💡Fundamental Analysis Fundamental analysis evaluates the economic indicators of the United States and Japan, which directly influence the USD/JPY pair. 💡United States Economic Indicators: GDP growth is forecasted at around 2.0% to 2.5% for 2025, reflecting steady expansion Economic Forecast for the US Economy. Inflation rate is expected to be around 2.5% to 3.0%, with recent data showing stability United States Inflation Rate. Interest rates are at 4.50%, with expectations of cuts to around 4.0% to 4.25% by the end of 2025, reflecting a dovish shift United States Fed Funds Interest Rate. Trade balance shows a deficit of $50 billion in January 2025, a persistent challenge but manageable with strong growth United States Balance of Trade. 💡Japan Economic Indicators: GDP growth is projected at 1.1% for 2025, with recent Q4 2024 data showing 2.8% annualised growth, indicating recovery Japan's GDP beats forecasts. Inflation is expected at around 2%, with core inflation robust, driven by wage gains Japan Economic Outlook. Interest rates are at 0.5%, with expectations to reach 1.0% by the end of 2025, reflecting policy normalization Japan Outlook. Trade balance shows a deficit, with recent figures at -2759 JPY Billion in January 2025, impacted by import costs Japan Balance of Trade. The narrowing interest rate differential, with US rates expected to cut and Japan's rates rising, could support JPY strength, though US economic resilience remains a counterforce. 💡Macroeconomics Macroeconomics encompasses broader economic factors influencing the pair: Global GDP growth is projected at 3.0% to 3.3% for 2025, according to recent forecasts, with mixed regional performances World Economic Outlook Update. Commodity prices are expected to decline by 5% in 2025, with energy prices leading the drop, impacting JPY due to Japan's import reliance Commodity Markets Outlook. Stock markets show mixed performance, with US indices up 5% YTD and Japanese indices showing recovery, supporting risk-sensitive currencies Global Stock Market Performance. Bond yields are expected to be range-bound, with the US 10-year Treasury yield possibly around 3.5% to 4.5%, suggesting lower USD appeal 2025 Bond Market Outlook. 💡Global Market Analysis Global economic conditions play a significant role in currency movements: Geopolitical events, such as potential tensions, could boost JPY as a safe-haven currency, though no major events are currently noted. Central bank policies are diverging, with the Fed expected to cut rates and the Bank of Japan (BoJ) raising rates, narrowing the interest rate differential Central Bank Policies. Commodity trends, with declining prices, have a muted direct impact, though energy costs affect Japan's inflation. Stock market performance, with global indices up, suggests risk-on sentiment, potentially supporting USD over JPY Market Performance Analysis. 💡COT Data and Positioning COT data provides insights into large trader positions, with recent reports showing: For USD/JPY futures, large speculators are likely net long, driven by the interest rate differential and stronger US economic outlook JPY Commitments of Traders. Positioning shows that institutional traders are cautiously optimistic, with some covering shorts as the price approaches support levels. Key Insight: Long positions in USD/JPY align with economic fundamentals, suggesting bullish sentiment among speculators. 💡Intermarket Analysis Intermarket relationships influence currency valuation: USD/JPY is positively correlated with US stock markets; with strong US indices, the USD could benefit from risk-on sentiment Intermarket Analysis. Gold, trading at $1900 per ounce, slightly up, suggests a weaker USD, supporting JPY strength as a safe-haven Gold Price Trends. Bond yields, with declining US yields, indicate lower USD appeal, potentially boosting JPY/USD Bond Market Insights. Key Insight: Positive correlations with US stocks suggest USD strength, while gold and bond yields support JPY, creating a mixed dynamic. 💡Quantitative Analysis Technical analysis provides insights into price trends: At 149.000, USD/JPY is near key support at 148.43 (Classic S3), with resistance at 149.02 (Classic R2), based on recent charts USD/JPY Technical Analysis. Moving averages show a mixed picture, with shorter-term (MA5, MA10) suggesting buy and longer-term (MA50, MA100, MA200) suggesting sell TradingView Analysis. RSI (Relative Strength Index) is at 45.418, neutral, suggesting potential for a bounce if support holds Technical Indicators Guide. Key Insight: Technicals suggest a possible downward trend, with sell signals dominating, though support levels could trigger a reversal. 💡Market Sentimental Analysis Market sentiment reflects trader positioning and expectations: Recent data shows 62% of forex traders long on USD/JPY, with an average price of 154.6568, contrasting with a downward price movement, creating a bearish indicator Forex Sentiment USDJPY. Bank forecasts predict USD/JPY dropping to 145.00 by year-end, citing Japan's recovery and expected Fed rate cuts Currency Forecasts. Key Insight: Mixed sentiment, with retail traders long but institutional forecasts bearish, supporting a downward outlook. 💡Next Trend Move Combining all factors, the next trend move for USD/JPY is likely downward: The pair is at a key support level (148.43), and if it breaks, could drop to test lower levels around 145.00. Potential catalysts include Fed rate cuts and BoJ rate hikes, narrowing the interest rate differential, supporting JPY strength. Key Insight: The next move favors a downward continuation, with risks of an upward bounce if support holds. 💡Overall Summary Outlook The USD/JPY pair, at 149.000 on March 4, 2025, exhibits a bearish outlook. Key drivers include the narrowing US-Japan interest rate differential, with US rates expected to cut to 4.0%-4.25% and Japan's rates rising to 1.0% by year-end, alongside Japan's economic recovery (1.1% GDP growth in 2025). Technical indicators suggest sell signals, supported by mixed market sentiment and declining commodity prices. Risks include strong US economic data maintaining USD dominance or global risk-off sentiment boosting USD. However, the prevailing trend points to potential JPY appreciation in the near term. 💡Future Prediction Trend: Bearish Details: The pair is likely to see a downward move, testing support at 148.43 and potentially dropping to 145.00 in the next few months, driven by narrowing interest rate differentials and technical sell signals. Risks include stronger-than-expected US data maintaining USD strength, but current indicators suggest a reversal is imminent. 💡Summary of Key Economic Indicators Indicator United States (2025 Forecast) Japan (2025 Forecast) GDP Growth 2.0%-2.5% 1.1% Inflation Rate 2.5%-3.0% ~2% Interest Rate 4.0%-4.25% (end of year) 1.0% (end of year) Trade Balance Deficit ($50 billion, Jan 2025) Deficit (-2759 JPY Billion, Jan 2025) 📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan 💥Hit the Boost Button💥 will enable us to effortlessly make and steal money 💰💵. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
by Thief_Trader
USDJPY Counter Trend Opportunities - Fxdollars - {11/03/2025}Educational Analysis says USDJPY may give countertrend opportunities from this range, according to my technical. Broker - FXCM So my analysis is based on a top-down approach from weekly to trend range to internal trend range. The weekly trend range is long up to 170.000 Trading Range Approach is a long counter trend opportunity or pushback up to 155.000 The internal Trend Range Approach is a Long counter trend opportunity or pushback up to 150.000 or continue going down with an internal trading range or trading range up to 135.000 Let's see what this pair brings to the table for us in the future. Please check the comment section to see how this turned out. DISCLAIMER:- This is not an entry signal. THIS IS ONLY EDUCATIONAL PURPOSE ANALYSIS. I have no concerns with your profit and loss from this analysis. I HAVE NO CONCERNS WITH YOUR PROFIT OR LOSS, Happy Trading, Fx Dollars .
by VishalBudhrani
USD/JPY "The Gopher" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟 Dear Money Makers & Thieves, 🤑 💰🐱‍👤 Based on 🔥Thief Trading style technical and fundamental analysis🔥, here is our master plan to heist the USD/JPY "The Gopher" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 🏆💸Book Profits wealthy and safe trade.💪🏆🎉 Entry 📈 : "The vault is wide open! Swipe the Bullish loot at any price - the heist is on! however I advise to Place Buy stop orders above the Moving average (or) Place buy limit orders within a 15 or 30 minute timeframe most recent or swing, low or high level. Stop Loss 🛑: Thief SL placed at the recent / swing low level Using the 1H timeframe (148.600) swing trade basis. SL is based on your risk of the trade, lot size and how many multiple orders you have to take. Target 🎯: 152.300 (or) Escape Before the Target 🧲Scalpers, take note 👀 : only scalp on the Long side. If you have a lot of money, you can go straight away; if not, you can join swing traders and carry out the robbery plan. Use trailing SL to safeguard your money 💰. 📰🗞️Fundamental, Macro, COT, Sentimental Outlook: USD/JPY "The Gopher" Forex Market is currently experiencing a bullish trend,., driven by several key factors. 🔰 Fundamental Analysis - The Bank of Japan's (BOJ) monetary policy decisions significantly impact the yen's value. The BOJ's negative interest rate policy and quantitative easing program have contributed to the yen's depreciation. - The US Federal Reserve's interest rate decisions also influence the USD/JPY exchange rate. Higher interest rates in the US can attract investors, causing the dollar to appreciate. - Japan's trade balance and current account deficit can impact the yen's value. A large trade deficit can lead to a depreciation of the yen. 🔰 Macroeconomic Factors - Inflation: Japan's inflation rate has been relatively low, which can impact the BOJ's monetary policy decisions. - GDP Growth: Japan's GDP growth rate has been slow, which can impact the yen's value. - Unemployment Rate: Japan's unemployment rate has been relatively low, which can impact the labor market and inflation. 🔰 COT Data - Non-Commercial Traders: These traders, including hedge funds and individual investors, hold a significant portion of the USD/JPY futures market. - Commercial Traders: These traders, including banks and other financial institutions, hold a smaller portion of the USD/JPY futures market. 🔰 Market Sentiment Analysis - Bullish Sentiment: Some investors are bullish on the USD/JPY due to the interest rate differential between the US and Japan. - Bearish Sentiment: Others are bearish due to concerns about Japan's economy and the potential for the BOJ to intervene in the currency market. 🔰 Positioning - Long Positions: Some investors have taken long positions in the USD/JPY, betting on a continuation of the uptrend. - Short Positions: Others have taken short positions, betting on a reversal of the uptrend. 🔰 Next Trend Move - The USD/JPY may continue its uptrend if the interest rate differential between the US and Japan remains significant. - However, if the BOJ intervenes in the currency market or if Japan's economy shows signs of improvement, the uptrend may reverse. 🔰 Overall Summary Outlook The USD/JPY currency pair is influenced by a combination of fundamental, macroeconomic, and market sentiment factors. While some investors are bullish on the pair due to the interest rate differential, others are bearish due to concerns about Japan's economy. The next trend move will depend on various factors, including the BOJ's monetary policy decisions and Japan's economic performance. ⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏 As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions, we recommend the following: Avoid taking new trades during news releases Use trailing stop-loss orders to protect your running positions and lock in profits 💖Supporting our robbery plan will enable us to effortlessly make and steal money 💰💵 Tell your friends, Colleagues and family to follow, like, and share. Boost the strength of our robbery team. Every day in this market make money with ease by using the Thief Trading Style.🏆💪🤝❤️🎉🚀 I'll see you soon with another heist plan, so stay tuned 🤑🐱‍👤🤗🤩
Long
by Thief_Trader
2
JPY Market Analysis Update – Key Level at 148.000Market Overview: 📈 Strong JPY Performance: Expectations of another BoJ rate hike have pushed the Japanese Yen to perform strongly in the Asia-Pacific region. 📊 Record Net Long Positions: Non-commercial traders' net long yen futures surged to 96K contracts (up from 61K), setting a 30-year record according to CFTC data. Technical Insights: 📉 Descending Channel & Reversal Setup: While bearish pressure has been evident, momentum is showing signs of easing, hinting at a potential stabilization or near-term bounce. A reversal setup is identified in the 147.000/148.000 zone. 🎯 Key Level: Next week, the crucial level is 148.000. Be prepared for a buy signal if prices break above, or a sell signal if they remain below this level. Upcoming Catalysts: ⏰ Fed Policy Uncertainty: With Fed Chair Jerome Powell indicating that rate cuts are not imminent, this policy uncertainty could favor the US Dollar in the coming week, influencing the JPY further. Keep an eye on the Consumer Price Index, Producer Price Index, and Michigan Consumer Sentiment Index. Stay Tuned: I'll provide a detailed update at the beginning of next week. Follow along for more insights and actionable trading strategies! Happy Trading! Disclaimer: Forex and other market trading involve high risk and may not be for everyone. This content is educational only—not financial advice. Always assess your situation and consult a professional before investing. Past performance doesn’t guarantee future results.
by darcsherry
Usdjpy sell now down more opportunity for pattern of crazy 1. Alternative Scenario (Bullish Counter to Bearish Setup): While the chart is heavily bearish, showing a breakdown area and targeting 144.110, price currently holds above 147, which could act as interim support. If price fails to break below 146.500, a bullish retracement to 148.500–149.000 is possible before any further downside. Watch for a false breakdown and reversal signals near 146.500–147.000. 2. Volume Analysis: Note that recent volume spikes around breakdown attempts could suggest that buyers are still active, absorbing selling pressure. If volume dries up on further breakdown attempts, momentum for the drop may weaken. 3. Hidden Bullish Divergence: If RSI/MACD (if added) shows higher lows while price makes lower lows, hidden bullish divergence could hint at a potential bounce — invalidating the straight move to 144 for now. 4. Invalidation Levels: The 147.800–148.200 zone may serve as a key resistance; if price reclaims this area, it could negate the bearish outlook. Above 149.500, bears would be invalidated, and we might return to test the 150.100 resistance mentioned in your chart. 5. Fundamental Factors: Any USD news catalyst (like CPI, NFP, or Fed decisions) might shift momentum abruptly. If USD strengthens, JPY pairs could reverse the expected bearish move
Long
by mrsamfx81
USDJPY Weekly FOREX Forecast: March 10 - 14th In this video, we will analyze USDJPY and JPY Futures. We'll determine the bias for the upcoming week, and look for the best potential setups. After a long period of weakness in the YEN, the last couple of months have shown a turnaround. By several metrics, the BOJ has the country's economy finding its footing, and looking up. This is reflecting in its currency. It a time of uncertainty, the YEN will and has been outperforming the USD, as investors look to it as the safe haven of choice. This is likely to continue in the next week or so. Enjoy! May profits be upon you. Leave any questions or comments in the comment section. I appreciate any feedback from my viewers! Like and/or subscribe if you want more accurate analysis. Thank you so much! Disclaimer: I do not provide personal investment advice and I am not a qualified licensed investment advisor. All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this channel, expressed or implied herein, are committed at your own risk, financial or otherwise.
Short
by RT_Money
USD/JPY probability assessment of the next price movement:From analyzing the USD/JPY charts across different timeframes, here is a structured probability assessment of the next price movement: Market Structure Overview: Bearish Trend on Higher Timeframes (4H & 1D) The market has been trending downward, breaking previous lows. A clear Break of Structure (BOS) and Change of Character (ChOCH) suggest bearish control. Discount Zones are marked, showing potential reaction areas. Liquidity & Order Flow Price is currently near a discount zone on the lower timeframes (15m, 30m, 1H). Premium zones are visible on higher timeframes, meaning a retracement could happen before further downside. Key Levels: Resistance Zones: 151.000 - 152.000 Support Zones: 148.000 - 148.350 Equilibrium Levels: Around 150.000 Probability Scenarios: Bearish Continuation (65% Probability) Price is forming lower highs and lower lows. If price fails to break above 150.000 convincingly, a further decline to 148.350 - 148.000 is likely. BOS confirms continued bearish momentum. Bullish Retracement (35% Probability) If price reacts strongly at the discount area, a push toward 150.500 - 151.000 before continuing lower is possible. Confirmation required: A higher low formation and BOS in lower timeframes (15m, 30m). Trading Plan: Short (Sell) Plan - Higher Probability Entry: Around 149.500 - 150.000 (If price shows rejection) Confirmations Needed: Rejection from supply zone + bearish price action (e.g., bearish engulfing) Stop Loss: Above 150.500 Take Profit: 148.350 (1st target), 148.000 (2nd target) Risk-to-Reward: 1:3 Long (Buy) Plan - Lower Probability Entry: 148.350 - 148.000 (If price shows bullish reaction) Confirmations Needed: Strong bullish candles + BOS on lower timeframes Stop Loss: Below 147.800 Take Profit: 150.000 (1st target), 151.000 (2nd target) Risk-to-Reward: 1:3 Final Summary Table Scenario Probability Key Level to Watch SL TP Bearish Continuation 65% 149.500 - 150.000 150.500 148.350 - 148.000 Bullish Retracement 35% 148.350 - 148.000 147.800 150.000 - 151.000 📌 Conclusion: The market remains bearish unless a strong reversal structure forms. Best trade is to wait for a short entry around 149.500 - 150.000 and target 148.350 first. A bullish move is possible but needs confirmation. 🚀 ​
Short
by wizzywise1
U.S. Dollar / Japanese YenHello and Respect to Dear Traders Last week, we received the necessary confirmations for the bullish trend of the Japanese yen chart, and we were waiting for the price to return to an optimal buying range. At this hour, I have obtained the essential confirmations, and we can utilize the 15-minute timeframe for optimal entry. Specifically, based on recent fundamental news, the Japanese government has announced that interest rates in the country will not change in the near future, which could help strengthen the yen and boost its price. Therefore, this presents a suitable opportunity to enter a long-term buy position on the daily timeframe. Keep in mind that this currency can be held until the main target. Important Points: Liquidity Daily: 156.755 IFC 4 H Candle: 157.617 & 158.136 And finally, our main target is 158.874. Thank you for your support. A very simple and clear chart has been drawn for your use. Wishing you all success! Fereydoon Bahrami A retail trader in the Wall Street Trading Center (Forex) Risk Disclosure: Trading in the Forex market is risky due to high price volatility. This analysis is solely my personal opinion and should not be considered financial advice. Please do your own research. You are responsible for any profits or losses resulting from this analysis.
Long
by fereydoon1199
2
USDJPY analysis week 10Fundamental Analysis The Japanese Yen (JPY) continued to weaken against the US Dollar (USD), pushing the USD/JPY pair above the psychological 150.00 level in late US trading on Friday. Japanese government bond (JGB) yields fell after Prime Minister Shigeru Ishiba’s government cut its fiscal 2025 budget plan. However, any meaningful depreciation in the JPY appears to be far off after the Bank of Japan (BoJ) increasingly accepted that it would continue to raise interest rates this year. Furthermore, USD bulls may refrain from placing aggressive bets and opt to wait for the release of the US Personal Consumption Expenditures (PCE) Price Index for clues on the Federal Reserve’s rate-cutting path. Technical Analysis USDJPY is heading towards the technical resistance level of 151.200 where sellers are waiting quite a bit. When sellers in this 151,200 price zone cannot push below 150,100, the uptrend will continue to be maintained to the weekly target around 152,200. Note that the weekly support zone of 149,400, if broken, will form a long-term downtrend chain of this currency pair.
by TVS-Trader
1
USD/JPY Market Analysis – Potential Reversal or Continuation?This 15-minute chart of USD/JPY displays a clear bullish impulse following a Change of Character (ChoCh) and a Break of Structure (BoS) . Price action has reached a key resistance zone, and traders are now anticipating the next move based on market reactions. Key Observations : 1. Change of Character (ChoCh) : - This indicates a shift from bearish to bullish sentiment. - The market rejected lower prices and started forming higher highs and higher lows. 2. b]Break of Structure (BoS) : - This confirms bullish momentum as previous resistance levels are broken. - A strong bullish move suggests demand is dominating. 3. Current Price Action : - The price has approached a liquidity zone (previous high). - Potential rejection at this level suggests profit-taking or a shift in order flow. Possible Scenarios: ✅ Bullish Continuation : - If price retraces into the M15 demand zone (marked on the chart) and finds support, a continuation to the upside is likely. - A break above the current high could push price towards 149.950 or even 150.000. ❌ Bearish Reversal : - If price aggressively rejects the current high and breaks the M15 demand zone , we could see a bearish move towards **149.100 - 148.900**. - This would indicate a deeper correction or potential trend reversal. Trading Plan: - **Wait for confirmation at the M15 demand zone.** - **Look for bullish price action signals for continuation trades.** - **If demand fails, shift bias to bearish setups.** 📌 Conclusion : USD/JPY is at a critical decision point. The next move will depend on whether buyers defend the demand zone or if sellers step in to drive price lower. Stay patient and react to market structure shifts accordingly. 🚀📉
by BeaucoupPips
#USDJPY 4HUSDJPY (4H Timeframe) Analysis Market Structure: The price is currently respecting a trendline support, indicating that buyers are maintaining control. Additionally, the presence of a buy engulfing area suggests strong bullish momentum, signaling a potential continuation of the uptrend. Forecast: A buy opportunity may arise if the price continues to hold above the trendline support, confirming bullish pressure. Key Levels to Watch: - Entry Zone: A buy position can be considered near the trendline support after confirmation of bullish price action. - Risk Management: - Stop Loss: Placed below the trendline support to manage risk. - Take Profit: Target key resistance levels based on previous price action. Market Sentiment: The combination of trendline support and a buy engulfing area indicates strong buying interest. A confirmed bullish move from this level can provide better validation for a buy setup.
Long
by PIPSFIGHTER
5
USDJPY - Longterm viewHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels . Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 149.000s . We are still extremely bearish on FX:USDJPY since our last longterm analysis was completed: Scenario 1: SELLS from 148.200 -We broke below the downtrend channel. With the break of the downtrend channel we can expect more sells to come and we should continue the bearish trend on USDJPY slowly digging into lower levels potentially reaching our target of 145.000. Scenario 2: SELLS from 151.250 -We above the downtrend channel - 149.900. If we above our downtrend channel we can expect some short-term buys up to our main Key Level or PBA (Pullback Area) from where we can look to enter into the long-term sells. IMPORTANT KEY LEVELS: - 151.250; possible pullback area - 148.200; breaks below confirming lower levels - 145.000; longterm target (prices from Aug-Sep 2024) Personal opinion: We are currently trading in a downtrend channel and we are expecting more sells to come throughout the next weeks. We do have to be careful as TVC:DXY and TVC:JXY might experience some volatility tomorrow due to the following news: JXY: Tokyo Core CPI y/y DXY: Core PCE Price Index m/m KEY NOTES - USDJPY breaking above 149.900 would result in higher pullbacks. - USDJPY breaking below 148.200 (below the downtrend channel) would confirm sells. - USDJPY is overall extremely bearish. Happy trading! FxPocket
Short
by FxPocket
1