USDJPY: Breakout bullish channelEven if sellers break the immediate support level at 143.20, a two-week uptrend around 142.40 acts as an additional downside filter.
Notably, the upward sloping trendline from early May and the 200-SMA, near 140.80 and 139.40 respectively, serve as additional support levels for the bearish USD/JPY before taking control.
On the other hand, an eight-week-old uptrend, with a slowest near 144.30, limits the immediate upside of the USD/JPY pair.
Usdjpydaily
USDJPY Trade SETUP H4The USDJPY closed at 143.70. Speaking of its resistance, the area around 144.06 will act as a resistance area. If a candle rejects from this level, you can open a sell position with a stop loss of 40 pips and target the support level at 142.20. I hope we can make a good profit from this trade.
Disclaimer: The information provided is for educational and informational purposes only and should not be considered financial advice. Always consult with a professional before making any financial decisions.
We Could expect USDJPY to make a monthly higher higherThe reason why I am still firmly convinced that this movement is going to happen is supported by several compelling factors. Let's explore them in detail:
1.Non-commercials continue to aggressively add long positions in this currency pair. This indicates a strong bullish sentiment and suggests that these market participants have high expectations for its future performance. Their sustained interest and confidence in this pair contribute to my conviction.
2.Taking a closer look at the Monthly time frame, we can observe a clear and well-defined bullish structure. This pattern provides additional validation for the anticipated movement. The consistent upward trajectory of the price points towards a potential upward trend that could further strengthen the case for a positive outcome.
3.Another crucial aspect to consider is the unanimous agreement among all members of the Federal Reserve (Fed) regarding the likelihood of another interest rate hike. This collective stance underscores the consensus among policymakers that an increase in interest rates is imminent. Such a move is expected to bolster the value of the dollar, as it signifies a strengthening of the US economy and reflects the Fed's confidence in its monetary policies.
4.In contrast, the interest rate in Japan remains unchanged and continues to be in negative territory. This divergence between the interest rate policies of Japan and the United States further reinforces the potential for a favorable outcome in the currency pair. The persistent negative interest rate in Japan could lead to increased selling pressure on the yen, potentially benefiting the other currency in the pair.
Considering these factors collectively, it becomes evident why my conviction remains steadfast regarding the occurrence of this movement. The combination of aggressive long positions by non-commercials, a bullish structure on the Monthly time frame, the anticipated interest rate hike by the Fed, and the contrasting interest rate policies between Japan and the United States all contribute to a compelling case for the expected movement.
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.
Time for a pullback in USD/JPY? Best level to sell + 137 PipsDear traders, similar to other JPY pairs, USDJPY has also rallied heavily in the past
few days. However, in the hourly chart, we are seeing that UJ is turning bearish
with 141.90 level as the resistance.
I have already sold at 141.82 and currently holding my sell with a TP at 140.70.
SL has been placed above the resistance zone highlighted in my chart .
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 to make a big decision todayIn the following video I've provided 3 scenarios in which I would look to take part in any trades. The first of which is quite simply a higher high will produce another higher high.
Both scenarios afterwards are reversals. If price throws indecision in the correct direction, it signals a reversal. The daily close today will suggest a lot at yesterday was relatively volatile.
USDJPYA Indecision pullback to resistanceUSDJPY is in an intraday uptrend again. The overall trend is bullish however I believe that this is a re-test of the former high and based on how price is approaching the resistance it doesn't signal much bullish strength anymore. Price is currently at a high of an untested zone, the all time high and a Daily evening star pattern.
USD/JPY bullish scenario, will it go to 143?Dear traders, USD/JPY is getting some support from the dynamic
support in the 4Hour chart. As long as price stays above the EMA,
there is a likelihood of uptrend continuation
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance. Either way,
you must follow the price action closely before executing your trade.
USDJPY: Movements in a volatile market!The hurdle for raising rates this month is higher, implying fresh US Dollar falls
The Consumer Price Index (CPI) report is the final significant piece of information before the bank's decision. However, it's doubtful that it will alter the current situation. The bank's inclination to take a break, as indicated by May's Nonfarm Payrolls and echoed by Fed Chair Jerome Powell, suggests that they will stop raising interest rates. As bond markets haven't priced in this possibility entirely, there's potential for the US Dollar to weaken further in conjunction with returns on US debt.
USDJPY: The correction and the opportunity of the sellers!technical analysis:
The price line for USDJPY experienced a slight correction, leading to a decrease and breaking of the uptrend line. The Relative Strength Index (RSI) is currently below the average of 43.59 and maintaining its position at the support level. The Exponential Moving Average (EMA) with values of 34 and 89 is still above the price line, forming a dynamic resistance area. With these indicators, there is a high likelihood of a decrease in USDJPY.
Market analysis:
In the Tokyo session, the USD/JPY pair is trading back and forth below 140.00. However, it is anticipated that the asset will continue its downward trend since the USD Index's upward movement is expected to remain limited until the United States Employment data is released.
Following a lackluster Tuesday, the S&P500 futures have made marginal gains during the Asian session. The market sentiment appears to be subdued as investors anticipate the release of complete US labor market data.
Plan trade in the intro
USDJPY: Japan's recession and the return of the US economyTechnical analysis:
The temporary downtrend line has been broken by the price line. Currently, a smaller bearish pattern is forming, but there is a trend reversal in the RSI. If there's a small amplitude sideways, the two indicators, EMA 34 and EMA 89, won't have a significant impact. Fibonacci generates effective psychological resistances, which provide valuable entry information.
the latest news from the market:
Investors overlooked the US ISM Services PMI's disappointing release on Monday, and the US Dollar has regained positive traction, acting as a tailwind for the USD/JPY pair. The intraday USD uptick could be attributed to an uptick in the US Treasury bond yields but is expected to remain limited as the markets anticipate an imminent pause in the Federal Reserve's policy tightening cycle.
The markets are now pricing in a higher chance that the US central bank will leave interest rates unchanged at the end of a two-day policy meeting on June 14, which may hold back the USD bulls from placing aggressive bets. Additionally, the possibility of Japanese authorities intervening in the markets may keep a lid on any significant appreciation move for the USD/JPY pair, at least for now.
Moreover, the current cautious mood around the equity markets may favor the JPY's relative safe-haven status. However, a more dovish stance adopted by the Bank of Japan (BoJ) could continue to undermine the JPY and limit the downside for the USD/JPY pair. As there is no relevant macro data from the US, aggressive traders should be cautious due to the mixed fundamental backdrop.
USDJPY: Main trend!In Asia, S&P500 futures have surged, indicating an increase in the market participants' risk appetite. Market sentiment is optimistic as the Federal Reserve's interest rate decision is likely to result in a neutral policy stance.
The US Dollar Index (DXY) has shown a slight correction around 103.60 after a decent rally. The USD Index is expected to perform sideways as the release of the US CPI will offer further guidance. US Treasury yields are choppy ahead of the inflation data, with 10-year US Treasury bond yields climbing above 3.76%.
Preliminary reports indicate that headline inflation is softening to 4.2R% compared to the previous release of 4.9% on an annualized basis. Lower oil prices have slowed down the overall inflation rate. However, core CPI, which excludes the impact of oil and food prices, is expected to marginally increase to 5.6% from the previous release of 5.5%.
The scrutiny of the preliminary US inflation report shows that households' demand for durables and services is consistently rising, putting pressure on Fed policymakers for hawkish guidance.
Meanwhile, the Bank of Japan's (BoJ) interest rate decision will keep the Japanese Yen in the spotlight. BoJ Governor Kazuo U
Will USD/JPY go bullish again? Read analysis with key levelsDear traders, USD/JPY is getting some support from the EMA in the 4Hour chart.
Price has rebounded after hitting the EMA.
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance . Either way,
you must follow the price action closely before executing your trade.
What's the best level to sell USD/JPY?Dear traders, as per IG client sentiment, 67% of the retail traders are net short
in USD/JPY. So, it goes without saying that a lot of traders are waiting for
USD/JPY to fall.
UJ's rally has come to a halt at the 140.86 level. So, it would be wise to see if
there is another retest of the 140.86 resistance level.
Upon retesting, if we see bearish price action traders can consider selling
UJ@140.40-141 with SL above 141.50 and TP at 135.
USDJPY Long Term Selling IdeaHello Traders
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This Video 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.
USDJPY and CHFJPY 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 - Long from discount zone ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. My point of interest for long position is if price makes a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: This week on Friday we have news on USD, will be released monthly NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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USDJPY: fed hawks and new developments!USD/JPY eyes 141.00 as upbeat US households’ spending supports hawkish Fed stance
Fundamental technical analysis:
The market price line is being consistently followed by the 34 EMA, resulting in a stable uptrend over a period of time. The RSI has returned to a safe and stable level of 60.5. To minimize the FVG zones, there is a forecast of a slight sideways trend before the news is released.
Financial market analysis:
The US Dollar (USD) slightly bounced back after a brief dip in profit-taking during the day. This was due to the US Bureau of Economic Analysis (BEA) reporting an increase in the headline PCE Price Index by 0.4% in April, compared to the previous month's 0.1%. Moreover, the yearly rate accelerated to 4.4%, exceeding expectations for a fall to 3.9% from March's 4.2%. Further details showed that the Core PCE Price Index, which is the Fed's preferred inflation gauge, increased to 4.7% from 4.6%, beating consensus forecasts.
These results reinforced the market's belief that the Federal Reserve (Fed) will keep interest rates at higher levels, which supports the Greenback. This, in turn, acts as a tailwind for the USD/JPY pair. Currently, the markets are predicting over a 50% chance of another 25 bps lift-off at the June FOMC meeting. This is supported by a rise in the US Treasury bond yields, which widens the US-Japan rate differential and encourages the flow of funds away from the Japanese Yen (JPY).