USDJPY - Daily Trade Idea - 7-Dec-22USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
Usdjpydaily
USDJPY - Daily Trade Idea - 6-Dec-22USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Daily Trade Idea - 5-Dec-22USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Stats of Strategy: Sniper Factors to Fundamental =>Stats of Strategy: Sniper Factors to Fundamental => Base on Overall Score: Strong Trend Only FX:USDJPY
History Max Loss Consecutive in a row Record History: = 4
Currently Loss Consecutive in a row: == 2|3 Opportunity, Probability: 70% | R:R:R = 1:2<=3
Entry #3 Trade: Buy | Actual Result: Win
Economic Calendar
00:30 EUR ECB's Elderson Speaks
06:00 KRW CPI (YoY) (Nov) 5.0% 5.1% 5.7%
07:30 AUD Home Loans (MoM) -2.9% -4.5% -4.8%
07:30 AUD Retail Sales (MoM) -0.2% -0.2% 0.6%
09:40 AUD RBA Governor Lowe Speaks
09:40 EUR ECB President Lagarde Speaks
11:30 NZD RBNZ Gov Orr Speaks
14:00 EUR German Trade Balance (Oct) 6.9B 5.2B 2.8B
15:00 EUR Spanish Unemployment Change -33.5K -20.3K -27.0K
19:00 EUR ECB's De Guindos Speaks
20:30 USD Average Hourly Earnings (MoM) (Nov) 0.6% 0.3% 0.5%
20:30 USD Average Hourly Earnings (YoY) (YoY) (Nov) 5.1% 4.6% 4.9%
20:30 USD Nonfarm Payrolls (Nov) 263K 200K 284K
20:30 USD Participation Rate (Nov) 62.1% 62.2%
20:30 USD Private Nonfarm Payrolls (Nov) 221K 190K 248K
20:30 USD Unemployment Rate (Nov) 3.7% 3.7% 3.7%
20:30 CAD Employment Change (Nov) 10.1K 5.0K 108.3K
20:30 CAD Unemployment Rate (Nov) 5.1% 5.3% 5.2%
20:30 EUR German Buba President Nagel Speaks
USD/JPY: Trend reversal. What's next? The Japanese yen was the strongest performing currency this week, rising about 4% against the US dollar, with USD/JPY plunging below 134 to levels not seen since mid-August.
Two favourable fundamental developments have fueled the yen's strength:
a) Federal Reserve Chair Jerome Powell said that US interest rates might be hiked more slowly starting in December, thus effectively anticipating a 50 basis point raise. On top of that, the latest stream of US data signalled that economic activity is slowing in this quarter pushing speculators to trim expectation for Fed interest rates in 2023. The yield on the US 10-year note dropped by another 15 basis points to 3.52% this week, putting it on course to notch its fourth consecutive week of declines.
b) Asahi Noguchi, a Bank of Japan board member, said the central bank might "pre-emptively" withdraw monetary stimulus if trend inflation surpasses 2% for a long time.
Technically, we have also observed pivotal signals that may portend the end of the dominant bullish trend and the beginning of a bearish one.
Since its October highs (151.95), the pair has now dropped 12%, breaching both the 50 and 200 day moving averages as well as major Fibonacci retracement levels such as 23.6% (142.81) and 38.2% (137.19). The RSI has reached highly oversold levels not seen since March 2020, meaning that the bearish price action was rather violent.
What can we expect from here?
A critical support zone is positioned between 130.3 and 132.65. If USD/JPY breaks below 132, it would have retraced 50% of its bullish expansion in 2022, a signal that might confirm the bearish trend reversal. The 130.3 represents the lows from August, which is another technical milestone.
The US NFPs from today and the CPI due out on December 13 constitute the bullish risk event for the USD/JPY and might influence the Fed's tone at the FOMC meeting on December 14. Higher-than-expected NFPs or CPI data might rekindle dollar bulls and drive US yields higher on anticipation of a hawkish Fed, resulting in USD/JPY dip buying and a possible retest of 140 levels.
USDJPY - Daily Trade Idea - 2-Dec-22USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Daily Trade Idea - 1-Nov-22USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Daily Trade Idea - 30-Nov-22USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Daily Trade Idea - 29-Nov-22USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY top-down analysisHello 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 - Daily Trade Idea - 28-Nov-22USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Daily Trade Idea - 24-Nov-22USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Daily Trade Idea - 23-Nov-22USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY - Retracement till bearish orderblock ✅Hello traders!
‼️ This is my analysis on USDJPY
Here we are bearish from H4 timeframe perspective, so I am looking for shorts. I expect price to continue the retracement to fill that huge imbalance and then to reject from bearish orderblock + institutional big figure 146.000.
Like, comment and subscribe to be in touch with my content!
USDJPY - Daily Trade Idea - 22-Nov-22USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
USD/JPY Analysis 21.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
USDJPY Potential Buy setup-Overall, Price is trending upwards
-Break and retest on Daily/Weekly structure
-4H double bottom and also on the uptrend
- What I am waiting now is the pull back on (140.600) 4H Structure
- Wait for confirmation entry (strong rejection or engulfing) on 30M or 1H or even 15M
Targets;
142.400
145.300
150.000
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- Currently USDJPY is going UP. The reason for that is that with US INFLATION DATA being NEGATIVE, UJ BUY was very good until last week. And FED UPDATES were very NEGATIVE. But with the arrival of RETAIL SALES POSITIVE, USD is BUYING again. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At present the MARKET is taking RISK OFF and therefore the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting WEAK against USD.
- There is a very high possibility that USDJPY will move up to the 146.040 level. Anyway, USDJPY price can go down to 133.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
USDJPY top-down analysisHello 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 - Daily Trade Idea - 21-Nov-22USDJPY (LONG)- If all the support holds in place.
If we see the Support broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Green Candle after the Red Candle.
- Stochastic - Oversold Area
- Timing of entry Prior / during UK / US Market Session.
Next Bearish Leg For USDJPY Hello to the TradingView friends, please, if you like ideas, support them with likes and comments. Thanks for being here and being awesome.❤️
Did you see the reversal on USDJPY last week? After waiting weeks for price to retrace, USDJPY reversed passing the weekly higher lows at 140.343. You may be wondering what happens next.
The only thing you can from here is pinpoint where you'll enter the next trade and where you'll take profit.
Doing these two things are called strategy. You're fighting for the best price to enter and using your analysis to assume where price will move to after you enter the trade.
My dear trading friend I'm here to tell you that if you use the same steps over and over again, this won't be a hard step.
What I'm looking for?
First, I'm looking for a pullback in price or a rise in price. A rise in price gives me a better risk to reward of 1.87.
So, if price can pullback to 146.151, I believe this will be my best entry price. My stops will go around the high of 151.958 giving price room to breath in case it moves in the range between my entry and stop loss price.
Where do I believe price can go next?
I believe price can move back down to 135.425. USDJPY is still in a bullish trend according to the weekly timeframe.
This is a potential $1.00 or 1000 pip decline.
What type of trade is this?
I believe this is a weekly retracement, daily reversal trend trade. It's a bit higher risk because it fits into a counter trend category if I were to follow the cycle trend of it going against the weekly bullish uptrend.
Risk Management
I'll be risking 0.5% of my account due to this being a countertrend trade. This will also be a swing trade so I'm prepared to hold this trade for a few weeks, maybe even a month or so. Time on this trade will be out of my control.
What will stop me from entering this trade?
If price continues down, I will not enter. I need a pullback to enter the trade and without a pullback, I have no trade.
My entry is a bit away so I will set a Sell limit. A sell limit is when you put an automated order at your entry price to sell. Your broker will trigger you into the sell automatically once price is pushed through and price begins to fall past your entry price. I could also set a sell stop, but the sell limit provides a better confirmation for me.
So, my trading friend, do you believe price can pullback and drop? What do your eyes see?
I also thank you for taking your time out to read my thoughts on USDJPY.😍