Usdjpylong
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.
Bold 370 Pips Buy idea in USD/JPY,are you with me ?Hello fellow traders and the entire Tradingview community. I have come up with a bold new idea on USDJPY which can give us more than 320 Pips profit if it goes according to plan.
As you can see from the hourly chart, USD/JPY is currently back to the same level as it was
last Thursday. So, based on a simple demand and supply strategy, we can expect UJ to go up from this level provided this zone is not broken.
As an aggressive trader, I have already bought UJ@141.35 with a target of 145. I do not use a stop loss , but you can probably use an SL below the demand zone. Make sure you do not get stop-hunted.
Long Position on USDJPY-4HHello Traders !
This is the USDJPY Technical Viewpoint in The Long Term .
After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD.
We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart.
Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
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!
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USD JPY SHORT#1
Risk 1%
RR of 1:3
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USDJPY - Bearish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from 4H. timeframe perspective, so I am looking for short. I expect price to go a little bit higher to fulfill the imbalance and then to reject from trendline for another short opportunity.
Fundamental news: This week on Friday will be released NFP and Unemployment Rate in USA. News with important impact.
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USDJPY: USD/JPY hit a 5-month low due to Fed - BoJ policy divergJPY's rally benefited from hawkish comments from BoJ Governor Ueda when he emphasized policy divergence between the Fed and BoJ.
USDJPY is falling again after 2 consecutive sessions of increase. Technical indicators show that the downward momentum is still strong. The key resistance to watch is the 200-day MA at 142.75, with the next target at 143 and 144. On the contrary, if the price can be maintained below this mark, the downtrend will be consolidated. Sellers may aim for the 141.90/85 zone, followed by the multi-month bottom at 141 set last week, support at 140.45 and the 140 mark.
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.
USDJPY Long/Buy SignalUSDJPY has respected the trend for so long since last year March 08 2022. Bullish trend does not seem to want to end as it has been tested three times the support trend and now its in a reversal towards 150.796 respectfully going the way the trend looks like it will go to. Below is the following entry, TP, and SL inputs. Please enter with proper risk management and do not overleverage on any trades. If you have more questions or concerns about this or any trade signal I have posted please look at the signature below and message me! Thank you.
USDJPY → Caught in a Bear Trend! About to Reverse? Let's look.USDJPY has been falling in a bear trend since it's double top at last years high of 152.000. We saw a great bull response candle on December 7th and the close of a slightly lower low on December 13th. We may have had the first leg up in a bull reversal, but do we have the data to support it?
How do we trade this? 🤔
Short answer, no. We need confirmation that we've hit a strong support zone and we do have *some* data to support that. December 7th, good wick on the underside of a buy candle followed by a run up, end of the second leg down. December 13th, slightly lower low but a strong bull run to the upside late in the week, end of the third leg down. This means we need to be looking for strong support since we're starting to get strong support signals.
What we need is a double bottom in the 141.000-141.200 area. A strong buy signal bar and confirmation to provide us with enough probability to enter a long trade. It's reasonable to scalp at a 1:1 Risk/Reward Ratio with hesitancy that this is truly a reversal or even a trading range. We can scalp for now and wait for a third test of support to give us even more probability for a swing trade at a 1:2 or 1:3 Risk/Reward. Stop loss should be below the double bottom and take profit should be near the previous support, now resistance.
Until then, it's wise to wait for that support to reveal itself or the alternative, we break down for another 4th leg. At this time, we assess the chart and look for entries again.
💡 Trade Ideas 💡
Long Entry: 142.600
🟥 Stop Loss: 140.500
✅ Take Profit: 144.700
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Strong Bull Response Candle followed by slightly lower low, third leg down.
2. Strong Bull candles at the end of the last run up, first leg up in Bull reversal?
3. Pulling back to previous low, look for Double Bottom or Breakdown to new Low.
4. If Double Bottom, look to Long 1:1 scalp half position size, may swing other half.
5. RSI at 45.00 and above Moving Average. Reversal Trade Opportunity, Wait for Confirmation.
💰 Trading Tip 💰
Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USDJPY H1 / HIT THE PRICE 142.500 AS EXPECTED ✅Hello Traders!
As you can see, USDJPY H1 hit the price of 142.500 as expected in the previous analysis. A very good move from the resistance level until the OB from H4. Next, I expect a new WL to be set.
Congrats to those who entered the trade!
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.
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USDJPY - Short active ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price almost filled the imbalance and reacted from institutional big figure 145.000.
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USDJPY H1 / TARGET TAKEN ✅ LOOKING FOR A SHORT ENTRY 📉Hello Traders!
The target for UADJPY H1 was hit. Now I see a good opportunity to execute a short entry, taking into consideration the retracement from the resistance level, and the fact that DXY at the moment is weak.
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.
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USDJPY H1 / A LONG TRADE OPPORTUNITY 📈Hello Traders!
This is my perspective for USDJPY H1. I see a very strong descendant trend, and I expect a Bullish move until the price of 145.000. At the same level, the liquidity gap will be closed. In case of confirmation, I expect to see a strong Bearish move until the price of 142.500.
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.
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USDJPYHey Everyone,
While many traders believe that UJ will reverse and drop significantly, but, what we think price will continue the bullish trend as it is very unlikely that JPY will gain its strength back. UJ will at least move up 500+ pips before it may drop significantly. For this year, USDJPY remain too bullish in our opinion.
what do you all think about it?
Navigating Waves: USDJPY Analysis - Seizing the Double BottomRapid Downslide Following FED News : Downslide suggests that there may have been a negative reaction in the USDJPY pair due to news related to the Federal Reserve (FED). Events and statements from central banks, especially the FED, can significantly impact currency pairs.
Formation of Double Bottom Pattern around 141.500 Range : A double bottom pattern is a bullish reversal pattern that forms after a downtrend. If there is a slowdown and a potential double bottom pattern around the 141.500 range, it could indicate a potential reversal in the downward trend.
Expectation of Short Impulse Towards 143.787 : The analysis suggests an anticipated short-term upward movement toward the 143.787 level. Traders may view this as a potential scalp opportunity, indicating a short-term trading strategy.
Continuation of Bearish Momentum: Despite the short-term upward movement, there is an expectation of the continuation of bearish momentum. This indicates that the overall trend remains bearish, and the upward movement may be considered a temporary retracement rather than a trend reversal.
It's important to note that trading in the foreign exchange market involves inherent risks, and market conditions can change rapidly. Additionally, the success of any forecast depends on various factors, including economic indicators, geopolitical events, and market sentiment.
For the most accurate and up-to-date information, traders should refer to live market data, technical analysis tools, and financial news sources. Additionally, considering the dynamic nature of the forex market, it's recommended to use risk management strategies and consult with financial experts before making trading decisions.
Usd jpy sellHello, according to my analysis of USDJPY. It exists in a very negative state. The price broke the ascending channel, with the formation of a descending channel as shown in the analysis: All these factors confirm the sellers’ control over the market. More declines in the coming days. Good luck to everyone
USDJPY I Bullish USD unemployment claims long from supportWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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