USDJPY → Day Analysis | BUY SetupHello Traders, here is the full analysis.
Price reversal going up, levels for BUY . USDJPY long
! Great BUY opportunity USDJPY
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Usdjpylong
USDJPY: USD/JPY stabilizes, market focuses on BOJ interest rate The Japanese yen changed into mildly risky on Monday after a risky week amid hypothesis approximately an cease to the BOJ`s yield curve manage and terrible hobby quotes policies. The BOJ started a two-day assembly on Monday, with a choice to be introduced on Tuesday.
The USD/JPY change fee has fallen to 146 in line with dollar, specifically after reviews that Japanese hard work unions have performed big salary will increase this year. Recent facts additionally suggests that inflation stays stable, with each elements giving the BOJ sufficient self belief to cease its ultra-dovish policies.
However, analysts stay divided on whether or not the financial institution will increase hobby quotes in March or April, with the overall consensus barely leaning in the direction of an April move. BOJ predicted to elevate hobby quotes through 20% foundation factor to 0.1% from terrible 0.1%.
While any fee hike bodes properly for the yen, hypothesis over the timing of a fee hike has visible USD/JPY mark risky actions in latest weeks. The fee hovered round 149 on Monday.
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⏰.
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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: Asian foreign exchange was little changed, the dollar neMost Asian currencies were range-bound on Monday, while the dollar fell near a two-month low as markets awaited key US inflation data for further reading. signals about when the Federal Reserve will cut interest rates.
Regional currencies are surging from last week after dovish signals from Fed Chairman Jerome Powell and labor data reinforced expectations that the central bank will begin cutting interest rates soon. after June.
This notion weighed on the dollar, dragging the greenback to a nearly two-month low.
Japanese yen is nearly 1 month high as expectations of BOJ's pivot increase
The Japanese yen is one of the currencies that has benefited the most from the dollar's decline, rising sharply in the past two sessions to its highest level in more than a month.
The yen traded around 147 per dollar on Monday and was also supported by growing confidence that the Bank of Japan is close to ending its policy of negative interest rates and yield curve control this week. next.
The upwardly revised GDP data shows that the Japanese economy is avoiding a technical recession in the fourth quarter. The strength of the economy gives the BOJ more room to tighten policy sooner.
The BOJ is expected to hold a meeting next week, with a Reuters report saying that policymakers are considering changing interest rates in March or late April.
Other Asian currencies moved in flat to low ranges. The Australian dollar fell 0.2% as expectations that the Reserve Bank would gradually increase interest rates weighed on the currency.
Signs of cooling economic growth also raise expectations that the RBA will cut interest rates this year.
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!
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USDJPY big picture in daily time frame USDJPY: On the daily time frame, after hitting the middle line of the horizontal white channel, it cannot return to its upward purple channel. Therefore, it can hunt for twin ceiling after collecting liquidity. If it turns, it will most likely lose its last support and enter a long-term downtrend
USDJPY: Second Possible Entry on UJ!Our first entry successfully hit above 500 pips, now there is possible second entry on UJ, as price has left strong bullish candle. Now, possible second wave of bullish can start from the marked area of reversal. This can be a huge swing trade on UJ taking price to 152-155 region.
usdjpy has formed a twin ceilingIn the daily time frame, usdjpy could not break its previous ceiling and weakness in the power of buyers is observed. In the weekly time frame, the price is in the range of the ceiling of the descending channel and the ceiling of the ascending cycle, and it seems that we will see a correction in the weekly candles: either a large correction after collecting liquidity above the twin ceiling or a retest to the ceiling of the broken channel and then movement to 176.
USDJPY,🟢Can price move highr...?🟢(Details on caption)As you can see, the price was in the range for a while and there is a liquidity pool on both sides of this range.
A sell-side liquidity in daily FVG makes this FVG a high probability support and we can also define the bullish 4-hour breaker block inside the FVG.
Now, we can expect price support from the FVG and move higher to collect the liquidity above the previous highs.
Please pay attention: We need LTF confirmation to execute the buy position.
💡Wait for the update!
🗓️06/03/2024
🔎 DYOR
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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.
usd jPY LONGThe Japanese Yen drifts lower on Friday and moves away from over a two-week high. The BoJ policy uncertainty and the risk-on environment undermine the safe-haven JPY. Hawkish Fed expectations underpin the USD and remain supportive of the momentum.
rom a technical perspective, any subsequent move up is likely to confront stiff resistance near the 150.65-150.70 region. This is closely followed by a multi-month peak, around the 150.90 zone touched on February 13, which if cleared decisively will be seen as a fresh trigger for bullish traders. Given that oscillators on the daily chart are holding comfortably in the positive territory, the USD/JPY pair might then climb to the 151.45 hurdle en route to the 152.00 neighbourhood, or a multi-decade peak set in October 2022 and retested in November 2023.
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 !