USDJPY OUTLOOKIm looking to short usdjpy at one of these 4 hour trend lines to the 4 hour order block. but if price breaks the second trend line I will go long to the next order block. safe trading
Usdjpyidea
From bearish to bullishSince 15 March the market has been bearish and creating fractals along the way, both bullish and bearish. The fractals formed significant areas which were fairly being mitigated and respected. After the first liquidity sweep the market pushed up, got rejected by the fair value gap then made a pullback to the invalidated demand zone and broken through to make another liquidity wipe out as anticipated. With this current bullish move, price already invalidated the breaker, I foresee the market going up to trigger the internal liquidity for a short sell, then continue with this bullish market…
USDJPY BuyThe USDJPY took support at major level. I believe USDJPY will rise if JPY continue to show weakness.
USDJPY: Potential Buying Opportunity Ahead Hello traders.
Looking at the naked daily charts on USDJPY, I sported a key level of Support and Resistance where I do expect the price to rise from there.
Moreover looking at the recent price action we can see pin bar which is a great signal of price rejection from the level.
For safer entry we shall switch to lower time-frames, putting other factors into consideration.
What is your option on USDJPY? Please comment , like and follow for more.
I kindly appreciate that 🙏, Nivea trading 🙌
USDJPY H1Hello traders, i am watching price to come around my mentioned area and looking for a next short position opportunity, watch USDJPY in a mentioned area according to your own trading strategy and look for a short position opportunity for a short term trade setup.
This is just analysis
GOOD LUCK & GOOD TRADING
USD/JPY market forecast and trend analysisDue to the significant decline in US bond yields, investors have been prompted to bet that it will be difficult for the Federal Reserve to raise interest rates further. The peak of US dollar interest rates is expected to come. It seems that the pressure on the yen in terms of interest spreads is being lifted, and the yen has once again returned to a clear strong return posture.
Judging from the trend, USD/JPY is currently under pressure in the trend channel, and has recently fallen under pressure here many times, supporting USD/JPY to continue to fluctuate in the downward channel, thereby increasing the possibility of the pair approaching the next bearish target near 130.
In addition, USD/JPY has fallen under pressure many times near 132.65, which has consumed the upward momentum to a certain extent. When market psychological pressure is formed, some subsequent selling orders may trigger short-selling to make up for it, and push USD/JPY to open a market to make up for the decline.
In terms of trading ideas, USD/JPY: You can enter the market with short orders near 132.65 in small batches, and the short-term target is near 131.
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USD/JPY - (massive!!) LONGBlah, blah, blah. ... Blah, blah, blah. Buy it up!
It's a massive LONG , here.
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 BUYWe are Looking to Buy USDJPY for about 250 pips plus, so basically we are Currently waiting for confirmation to buy Waiting on price to Create A W pattern which means price create Higher Highs and higher Lows, Breaking the Trend line before we can take our buys So tell me what you think about my Analysis and Also About UJ.
usdjpyThere is a high possibility for the dollar to rise against the yen, with the breach of the bearish flag, forming an ascending channel
USDJPY | Perspective for the new week | follow-up detailsFollowing a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision.
BoJ Monetary Policy Meeting Minutes - its first following Governor Kuroda’s departure is going to be closely watched and from the US docket, the monthly inflation report coming up this week is also an event to look forward to. In this video, we dissected the current market structure from a technical standpoint in other to take a position ahead of the new week.
Disclaimer:
Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility.
You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment.
I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith.
Past performance is not necessarily indicative of future results.
USDJPY possible sell zoneCurrency Pair : USDJPY
Possible direction : Bearish
Technical Analysis : After a strong breakdown on the daily ( strongly influenced by JPY strength) USDJPY currently forming a symmetrical triangle which may break to the downside again as this may continue to trend to the downside to test the long term order block. From higher timeframe we can see possible downward move and, therefore, this price may continue to drop after liquidity grab from short term resistance zone.
Fundamental : Silicon Valley Bank collapsed has given safe heaven JPY strong boost.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
#USDJPY- Let's take another big swing BUY entry together!!Dear Traders, after we had negative report on #DXY which has led most of the pairs tricky to trade with, USDJPY, we had 750+ take profit achieved in our last setup that was posted, now as we have a good area to enter. Price needs to drop to 4HR ORDER BLOCK where we expect price to reject strongly. Stop loss can be between 50-80 pips, take profit must be 400-400 pips once enter.
USDJPYHello traders, USDJPY is setting up for a short term downside move watch mentioned potential area for a short position opportunity, if your strategy allow you to trade it.
This is just analysis
GOOD LUCK & GOOD TRADING
#USDJPY- UPDATED 600 PIPS SELL SETUP!!Hey Everyone, as SVB banking crisis began FED had to get involved and market was too volatile since the morning and that is why some of the USD pairs had affected significantly, our last setup bounced and was +100 after the london session began price dropped significantly.
EUR/USD : watch here next weekThe daily chart of the currency pair is consolidating and rebounding near the previous low of 1.0535, but it is still below the downward trending MA20, so caution should be taken for further upside potential. The 4-hour chart shows that after two consecutive days of consolidation following a sharp decline, the momentum is limited. On the hourly chart, there is intense competition between bulls and bears, with a rebounding momentum that remains strong, but the stochastic indicator shows a bearish divergence, with initial resistance at 1.0600. It is suggested to focus on the performance of the resistance level at 1.0625 to determine the further direction within the day.
Support levels: 1.0580, 1.0540, 1.0500.
Resistance levels: 1.0625, 1.0690, 1.0740.
USDJPY possible drop to monthly supportCurrency Pair : USDJPY
Possible direction : Bearish
Technical Analysis : After a daily middle mand last day of trading week, today market open with strong week less candle and price has broken down with strong impulse from long consolidation. From Monthly perspective, there is rejection from monthly resistance level and highly likely price will test the monthly support zone.
Possible trade recommendation : Bearish as per chart sketch
Press like button if you enjoy.
Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Successful retracementFrom the 137.911 level, the market made a successful retracement to the demand zone at 135.854 and couldn’t push up to the main supply 137.678 because of the previous broken structure. The rejection formed this current mid supply area and price made an impulsive drop that broke the structure and created divergence at the 134.109 low. The market is now trying to recover the massive drop, so we now target the breaker block which was our previous demand zone then expect a young bearish move to give us the ascending second drive to provide more bearish move as we await the third drive. The ultimate target is 137.678, provided that we get the anticipated third touch…
Beware of "Long Trap" in USDJPY!
On March 3, Friday, the USDJPY slid from a two-and-a-half-month high. The US non-manufacturing ISM index, released on the same day, fell from 55.2 in January to 55.1. The US dollar index, which measures the dollar against six major currencies, dropped from a high of 105.36 at the beginning of the week to 104.60. Investors took the opportunity to profitably unwind their positions in USD/JPY.
At the same time, the Bank of Japan is expected to begin unwinding its unconventional stimulus measures in the period following Governor Haruhiko Kuroda's departure next month. This is because Tokyo's February inflation data exceeded the Bank of Japan's target for the ninth consecutive month. If the new governor, Toshihide Endo, tightens monetary policy, it may stimulate the return of speculative trading in the yen.
Currently, on the daily chart, USDJPY has encountered resistance multiple times at 137.00, and the MACD signal line appears to have a death cross. In the short term, attention should be paid to the risk of further pullbacks in USDJPY, with the risk of long positions at the high outweighing the profit.
Personal trading recommendation: Wait for the market to fall back to 133.00-133.60 before entering long positions, with a focus on the 136.400-137.110 range. There will be many data releases in the near future, and the market may be volatile. If there is a trading opportunity, I will announce it immediately. Please stay tuned.
UJ ShortAfter negative dollar sentiment, and a rejection off the MA on multiple timeframes. UJ and all USDXXX pairs will be expected to fall going into the rest of the trading week.
VERY BEARISH! have a look at this....1. Bearish bat formation completion at daily resistance level.
2. Ascending channel completion at daily resistance level.
3. Equal measured move completion at daily resistance level.
4. Daily resistance level previously respected.
5. RSI (7) strongly overbought.
