USDJPY (Short Idea)MERRY CHRISTMAS!!
USDJPY has broken a major trend
Retested the Trend w/ a Daily Evening Star Pattern
Starting the week looking for a retracement into the sell side FVG
Price Point 144.756-144.357
Usdjpyanalysis
USDJPY MAJOR DOWNTRENDThis idea is monthly, Patiently waiting at 143.6-142 zone.
THis is not a financial advice,
if this idea works then we might go lower for the end of the year.
Follow for more.
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
Please make sure to click on the like/boost button 🚀 as your support greatly helps.
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.
Should i short USDJPY again?After pullback to broken broad channel, i think its time to short usdjpy again.
Trade safe.
Good luck.
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 Scalp ShortUSD looks weak, actually USDJPY has made a pullback but looks now read to retest local low.
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 - SHORT Price retraced correctionally and fail to break the resistance zone
Full video on my YT via the Link in my bio
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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GBPJPY and USDJPY 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: Next predictionLast Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings last month, prompting investors to scale back their expectations of a Federal Reserve interest rate cut in the coming year. Furthermore, the increase in US Treasury bonds and the strength of the US dollar are additional factors contributing to the yen's depreciation.
Following the release of the US non-farm data, USD/JPY swiftly rebounded, with the MACD double line and bar chart forming a golden cross below the zero axis. Nevertheless, it is still trading below the 48-hour moving average, suggesting the possibility of a short-term pullback.
-> Sell strategy can be applied and stop loss is necessary.
