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Usdjpyanalysis

Best level to sell USD/JPY (+700 Pips, Entry, TP and SL)Hello traders! USD/JPY is on a continuous uptrend. However, price might reach a strong resistance level from where it could reverse. With BOJ rate event scheduled for tomorrow, this scenario might play out. 📌The area 151.50-152 is a strong rejection zone. Currently, there is not much resistance between 148 and 152. 📌The area 152 also happens to be at the top of the price channel that you can see in my chart. 📌During the BOJ rate event, if price spikes to the 152 zone, I would consider selling USDJPY@151.70-152.20 with SL above 153 and swing TP at 143.50
Short
by MarcellusLUX
1
Celebrate the Weakest Japan Yen in 10 Months - Long USD/JPY The Japan yen continues to display its weakness, hitting a 10-month low against the US dollar. It's time to seize this golden opportunity and consider going long on USD/JPY! The recent trend in the currency markets has shown a remarkable decline in the value of the Japan yen. As traders, we know that such fluctuations can present us with incredible prospects to maximize our gains. The current situation offers a perfect chance to capitalize on the yen's weakness and leverage the strength of the US dollar. Why should you consider going long on USD/JPY? Well, let me share some compelling reasons: 1. Weakest Japan Yen in 10 Months: The yen's value has been steadily declining, reaching its lowest point in the past 10 months. This trend suggests a potential for further weakening, making it an ideal time to take advantage of this market sentiment. 2. Favorable Economic Factors: Various economic indicators point towards a stronger US economy, including robust GDP growth, improved employment rates, and increased consumer spending. These factors contribute to the strength of the US dollar, which can further drive USD/JPY in your favor. 3. Technical Analysis Signals: Technical analysis enthusiasts will be delighted to know that several indicators are aligning to support a bullish outlook on USD/JPY. From moving averages to trendline breakouts, the charts are painting a positive picture for this currency pair. Now that you're aware of the exciting opportunity at hand, it's time to take action! Consider going long on USD/JPY and ride the wave of the yen's weakness. Remember, successful traders are the ones who spot opportunities when they arise and take calculated risks. As always, it's crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Stay informed about market developments, keep an eye on economic news, and consult with your trusted advisors to ensure your strategies align with your investment goals. Wishing you a joyful trading journey filled with profitable endeavors!
Long
by bryandowningqln
"USDJPY: Watching 148.80 for Reversal"The USDJPY currency pair is currently on an upward trajectory, approaching the key resistance level at 148.80. It's worth noting that in October of the previous year, the price experienced a significant downturn from this same level. Given this historical context, there is a reasonable expectation that a similar price reversal may occur this time as well. Should the daily candle manage to close above the critical resistance point at 148.80, it could potentially signal a further bullish extension towards the next target at 150.10. However, our strategy entails a bearish outlook. We plan to initiate a sell position at 150.10, with a target set at 145.55. This target aligns with the trend line support, which suggests a potential bearish move in the market, mirroring the historical precedent of price declines from the 148.80 level. 🔥1st Sell Entry - 148.80 🔥2nd Sell Entry - 150.10 👇TP - 145.50 🔴SL - Join Our Channel
Short
by FKW-Millions
USD/JPY Weekly Analysis - Potential SellWelcome to our weekly USD/JPY analysis on TradingView! In this post, we'll provide you with a comprehensive overview of the USD/JPY currency pair's current situation. It's currently trading within a channel, and we'll also discuss the possibility of a double top formation. Let's dive into the analysis! 📈 Key Weekly Analysis Points: Inside the Channel: Explore the implications of USD/JPY trading within the channel and its potential impact on future price movements. Double Top Potential: Discuss the formation of a potential double top pattern and its significance for traders. Support and Resistance: Analyze the crucial support and resistance levels within the channel and their importance. Trade Strategies: Discover potential trading strategies for a scenario involving both a channel and a double top pattern. If you're a trader or investor interested in USD/JPY, this post offers valuable insights to help you navigate the markets effectively on TradingView. Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. Your feedback and interaction are highly appreciated! Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
Short
by Forex_Int
USD/JPY at PRZ, may fall 100 pips from hereHello everyone! There was an attempt to break the 147.85 resistance level. However, we might have witnessed a fake break on Friday and price is currently back below the resistance zone. 📌At present, USD/JPY is below the 147.85 resistance level. 📌 In the 4Hour chart, if price continues to stay below the key resistance level, we can see a pullback of 100 pips or more 📌Traders can consider selling USD/JPY@147.70-147.90 with SL above 148 and initial TP at 146.70
Short
by MarcellusLUX
2
USDJPY I Above 147.90 will pave retest to 151.90Welcome 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
8
USDJPY: Confidence in the uptrend!USD/JPY consolidates in a tight range around 147.40 ahead of US UoM confidence data The USD/JPY pair consolidated its recent gains in a tight range below the mid-147.00s during the first hour of Asian trading on Friday. The stronger US dollar (USD) is underpinned by strong US economic data. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value against six other major currencies, held above 105.35, near its highest daily close since March. The pair is currently trading near 147.45, losing 0.02% on the day.
Long
by Sphyn-Trader
7
USDJPY - Fill the gap before bearish continuation ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I said in my previous analysis price started the retracement, on 1H timeframe we can see that price changed the character. Now I expect price could fill the gap higher before going lower. Fundamental analysis: Tomorrow will be released monthly and yearly CPI on USD and on Thursday monthly PPI. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
USDJPY - AnalysisUSDJPY W1 - Uptrend, targets that we can potentially reach 167.571 The nearest target is 157.460 - from this level a correction and further upward movement may follow, as well as a possible trend reversal. When reversing, you can expect a three-wave structure; if the trend changes, global targets may be 137.806 - 127.111 What can you expect? Continuation of the upward trend - the target can be set at the level of 152.028 - 157.460 Long Targets – 148,299 - 149,139 - 149,907 Long-term perspective - goals 152,028 - 157,460 - 167,571
Long
by Trade_Hive_Signals
USDJPY: Fibonacci!During the Asian session on Tuesday, USD/JPY is struggling to rebound from its losses in the previous day. The pair is treading water around 146.60 as market participants await the release of the US Consumer Price Index (CPI). The downward pressure on the pair can be attributed to both bullish comments made by the Bank of Japan (BoJ) and a lackluster performance by the US Dollar (USD). Governor Kazuo Ueda's recent remarks indicate that there is a possibility that the Japanese central bank may consider reversing its negative interest rate policy. This development has added further uncertainty to USD/JPY movement in recent days.
Short
by Sphyn-Trader
1
USD/JPY overreacts to rate hike signal from BoJ? A huge gap in USD/JPY has appeared to start the week after comments from Bank of Japan Governor Kazuo Ueda about a possible end to its negative interest rate policy (NIRP). In a Saturday Yomiuri newspaper interview, Governor Ueda mentioned that by the end of the year, the BOJ could accumulate enough data to assess whether the conditions are present to raise interest rates. Ueda comments follow a series of hawkish comments by BOJ officials in recent weeks amid inflationary pressures within Japan. On Monday morning, USD/JPY retreated from its 10-month peak of 147.87. It traded down to 145.89, found resistance just below 147.00, before finding a home around 146.56. Is the market overreacting to Ueda’s comments though? His talk of an exit doesn’t suggest any big changes to monetary policy this year at least, and moving from –0.10% to non-negative rate is symbolically important, but the BoJ (Bank of Japan) rate is still 5 percentage points behind the Fed’s. Knowing this, would you be surprised if the USD/JPY begins its assent again? US CPI (Consumer Price Index) data out this Wednesday could be a catalyst for the pair to target 147.00 again, depending on whether price pressures rise more than expected (currently the consensus is for a rise from the current 3.2% to 3.5%)
by BlackBull_Markets
CHFJPY I Short-term buy and potential move lowerWelcome back! Let me know your thoughts in the comments! ** CHFJPY 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
2
DeGRAM | USDJPY short opportunityUSDJPY has reached major structural resistance and the upper border of the ascending channel. Then it dropped from there. Price action created a gap. Usually, the market fills the gap. Currently, it is pulling back to fill the gap. A false break is going to be an ideal short entry signal. We can see the price droped from this level before. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
5
USDJPY I Weekly forecast and opportunity aheadWelcome 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
8