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Usdjpybuy

USDJPY is Ready to GO UP by Symmetrical Triangle Pattern🚀🏃‍♂️ USDJPY is moving near the 🟡 Potential Reversal Zone(PRZ)(147.520 JPY-147.318 JPY) 🟡. ✅It also seems that USDJPY has succeeded in forming a Symmetrical Triangle Pattern . 📚 What is a Symmetrical Triangle❗️❓ 🔸 The symmetrical triangle, which can also be referred to as a coil, usually forms during a trend as a continuation pattern. The pattern contains at least two lower highs and two higher lows. When these points are connected, the lines converge as they are extended and the symmetrical triangle takes shape. 🔔I expect USDJPY to rise to at least the 🔴 Resistance zone(148.930 JPY-148.520 JPY) 🔴 after breaking the upper line of the triangle . U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 1-hour time frame⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
USDJPY H2 / Possible Reversal from OB and Supply Area✅💡Hello Traders! This is my idea related to USDJPY H2. I expect another retracement in the OB level and after that I will execute a long trade in case of confirmation. I see the price to go up until the level of 149.500. Wait for confirmation! Apply Risk Management! Traders, if my proposal resonates with you or if you hold a divergent viewpoint regarding this trade, feel free to share your thoughts in the comments. I welcome the opportunity to hear your perspectives. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels. The greenback index and greenback index futures had been consistent at some point of the session buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions. While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June. But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. . Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
Long
by Chart_MasterPro
USDJPY BUY USING PO3 ? (market cycles)hello guys i hope you are having a good week , today i am looking at USDJPY this weekly candle on usdjpy closes as a hammer looking like candle indicating buy. for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation. my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area. but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy . keep in mind very very action packed week ahead trade safe !
Long
by xAB777
USDJPY: Asian foreign exchange weakens, dollar rises, will interMost Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend. Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety. Concerns are growing about slowing growth in the region's largest economies. Japanese Yen fluctuates above 150, waiting for CPI data The yen fluctuated slightly on Monday but remained just above 150 per dollar and remained near a three-month low. This week focuses mainly on Japan's consumer price index (CPI) data for January, due on Tuesday. The data is expected to show core inflation is within the Bank of Japan's annual target of 2%, giving the central bank even less incentive to start tightening policy. books strongly. This notion has put pressure on the yen in recent months, especially as US interest rates are likely to stay higher for longer. However, further declines in the yen were limited by the risk of government intervention, as levels above 150 have attracted intervention in the past. PCE inflation, Fed signals are paying attention The dollar index and dollar index futures both rose 0.1% in Asian trading on Monday, after posting their first weekly losses of 2024. However, the greenback remains near a three-month high as many Federal Reserve officials warn that the bank is in no hurry to start cutting interest rates soon, especially as inflation remains subdued. High. PCE price index data - the Fed's preferred inflation gauge - is expected to provide further inflation signals this week. Several other Fed officials are also expected to speak this week and may reiterate the outlook for higher interest rates for longer.
Long
by Chart_MasterPro
USDJPY M15 / Potential Long Move, Waiting for Confirmation✅Hello Traders! This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
USDJPY H1 / Short Trade Entry Alert! ✅💲Hello Traders! This is my idea related to USDJPY H1. I see a double reaction from the FVG H1 and I expect a continuation of a bearish market until the price of 149.500 where we have the OB level. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis. The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Long
by TheGrove
1
USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.
Long
by Chart_MasterPro
USDJPY: The foreign exchange market is quiet, the USD is stable Most Asian currencies stayed narrow on Wednesday, while the dollar steadied near a six-week high as markets awaited further signals on when the Federal Reserve might start cutting interest rates. The Australian dollar fell 0.1%, even as January PMI data showed some improvement in manufacturing and services activity. The Aussie, often seen as an indicator of broader risk appetite for Asian markets, is also trading near a seven-week low. USD steadies near 6-week high with econ. data, Fed meeting underway The dollar index and dollar index futures both fell 0.1% in Asian trading after rising to their highest since early December in the previous session. The greenback marked a strong start to 2024 as strong inflation and labor market data showed traders had largely tempered expectations for an early Fed rate cut. This perception has been exacerbated by a series of hawkish comments from Fed officials over the past week. The focus now turns to fourth-quarter gross domestic product data, due on Thursday, and PCE price index data - the Fed's preferred inflation gauge - due on Friday. Any sign of recovery in economic growth and inflation gives the Fed more incentive to keep interest rates higher for longer. The readings also come just days before the Fed's first meeting of 2024, where the bank is widely expected to maintain interest rates at a 23-year high. But the Fed is still expected to start cutting interest rates this year, which will keep traders watching for any such signals from the meeting.
Long
by Chart_MasterPro
1
USDJPY: USD/JPY fluctuated in the 146-150 range, to a greater exMizuho Bank said Japan will tolerate the yen's decline in the near term, expecting it to rise as the bank tightens policy, possibly as early as the second quarter. Additionally, Mizuho Bank said that while the Fed, ECB and BoE have not yet fully acknowledged that a rate cut is imminent, the Bank of Japan wants to avoid making a sudden change as it could could put disproportionate upward pressure on JPY. The reduction in yields and profits will work together to amplify forex moves (yen strength). Therefore, the BoJ will not rush to adjust policy that could be interpreted as tightening and concludes: Some reduction in JPY now may be the necessary balance to avoid a sudden and unwanted spike in JPY later. Expect 146-150 range in the coming months with heightened volatility.
Long
by Chart_MasterPro
2
USDJPY M15 / LONG TRADE OPPORTUNITY ✅ Hello Traders! This is my idea related to USDJPY M15. I know that it's the end of the day, but I see a good opportunity to execute a long trade. I see the change of the structure, more exactly a bullish move. A very good retracement from the resistance level and it looks very likely to go bullish. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
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.
Long
by Chart_MasterPro
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!
Long
by TraderEngineering
10
USDJPY: Asian session update: Stocks and USD fall as they begin USD weakened, JPY and antipodeans led the rise Asian stocks fell, with futures on the S&P 500 index up slightly by 0.07% US 10-year bond yield falls 1.7bp to 3.88% Gold increased 0.5% to around $2063/oz WTI oil increased 0.2% to above $73.70/barrel Bitcoin accumulates around 43.5K Investors continued to digest November PCE and December Consumer Sentiment data released on Friday, which showed that monthly inflation in the US fell for the first time in more than 3½ years, while sentiment Consumer sentiment remains strong, reflecting the economy's durability. A deceleration in core inflation and growing recession fears will prompt the Fed to shift from "committing to fighting inflation with higher interest rates for longer" to reassuring markets that it will "not hold rates." stayed high for too long". In the FX market, major currencies increased slightly after the Christmas holiday as the USD weakened. USD/JPY is steady at 142.30. The prospect of the BoJ removing its ultra-loose policy has supported JPY's rise in recent weeks. Yesterday, BoJ Governor Ueda announced that the possibility of reaching the inflation target is "gradually increasing" and that they will consider adjusting policy if there is "enough" prospect of reaching the 2% target in a sustainable way.
Long
by Chart_MasterPro
USDJPY → Bear Run Complete! Bounce back to 152.000? Let's AnswerUSDJPY has officially broken out of the bull channel it's been in since February 2023 and fell hard into the Weekly 200EMA! The final Daily bear candle closed with a large wick over 1/3 the total size and the following Daily candle closed with a long tail as well. Does that mean we're going up? How do we trade this? 🤔 A bear breakout on a bull channel after the double top reversal is usually a signal that we're about to enter a trading range (sideways price action). We have a good show of Support at the 200EMA and possibly up to the previous high in the bull channel between 143.850 and 144.850, but we need confirmation to ensure that this Support zone is real which includes a strong bull followthrough candle on the Daily chart. Look to long toward the bottom of the trading range after it's been established, an entry around the 145.000 area is reasonable looking for a 1:1 scalp or 1:2 swing on a lower timeframe. 💡 Trade Idea 💡 Long Entry: 145.500 🟥 Stop Loss: 143.200 ✅ Take Profit: 150.100 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Bear Breakout of Bull Channel, Entering Trading Range. 2. Three Legs Down to Daily 200EMA. 3. Two Large Wicks on 200EMA, Look for Confirmation. 4. Trend Change, Establishing Trading Range between 145.000 and 152.000. 5. RSI at 35.00 and below Moving Average. Wait for Confirmation to Long. ⚠️ 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!
Long
by TraderEngineering
2