USD JPY SHORT#1
Risk 1%
RR of 1:3
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Usdjpylong
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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💡 USDJPY: Next predictionLast Friday, the yen experienced a decline, reversing the strong trend observed on Thursday. This shift in market dynamics was attributed to the transition of focus from speculations about the Bank of Japan's recent monetary policy to robust Japanese jobs data. On the other side of the Pacific, the US economy exceeded expectations by creating more job openings last month, prompting investors to scale back their expectations of a Federal Reserve interest rate cut in the coming year. Furthermore, the increase in US Treasury bonds and the strength of the US dollar are additional factors contributing to the yen's depreciation.
Following the release of the US non-farm data, USD/JPY swiftly rebounded, with the MACD double line and bar chart forming a golden cross below the zero axis. Nevertheless, it is still trading below the 48-hour moving average, suggesting the possibility of a short-term pullback.
-> Sell strategy can be applied and stop loss is necessary.
#USDJPY: Still bull have the control! Dear traders,
with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price from the current trading price rise from this moment. Second, is where price can drop around 144-143 region and bounce from that point.
USDJPY → Drop to 144.000!? Or Fly back to 152.000? Let's Answer.USDJPY fell from the double top as predicted in last week's analysis, hitting my take profits all the way down to 147.120. Will there be more downside or are we ripe for a rip back to 152.000?
How do we trade this? 🤔
This analysis shows us three clean support areas: 146.000 (Bull Channel Support), 145.000 (Previous High), and 144.000 (200EMA). It's reasonable to zoom into small timeframes and look for short scalp setups down to those levels. Since the macro trend is bullish, I would be careful to hold any shorts now that the gap from 152.000 has closed the majority of the way. The RSI is still below the moving average and has *some* room to fall, supporting the short-term bear bias.
Long-term, look to get long! We'll need a strong show of support with a bull signal bar and confirmation candle closing on or near its high and for the RSI to head upward breaking above the Moving Average.
💡 Trade Ideas 💡
Short Entry: 146.850
🟥 Stop Loss: 150.000
✅ Take Profit: 143.700
⚖️ Risk/Reward Ratio: 1:1
Long Entry: 145.500
🟥 Stop Loss: 143.200
✅ Take Profit: 150.100
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Bull Channel, Bias to Long.
2. Double Top Reversal Signal. Still Gaps to Fill.
3. Wait for Support at Channel Support, Previous High, or 200EMA.
4. Previous Channel High of 145.000 Final Target.
5. RSI at 35.00, below Moving Average. Supports Short-term Short, Long-Term Long.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
Like 👍 and comment if you found this analysis useful!
UsdJpy- Is this correction over?Recently, I mentioned that USD/JPY might decline from above the 150 mark to test the 147 support or even the crucial 145 level. However, let's not deceive ourselves— the trend for USD/JPY remains extremely bullish. Even if there's a correction of around 500 pips, it's merely a temporary setback, and, from a fundamental standpoint, nothing is changed to indicate a reversal.
Technically, as illustrated in the chart, the recent decline is confined within a falling wedge, a pattern that typically signals a resumption of an upward trend. As previously discussed, the 145 zone serves as a robust floor for the pair. In the event of a drop to that level, traders might consider buying with a risk-reward ratio of at least 1:5.
Alternatively, a daily close above 147.50-147.70 would indicate that the recent low of 146.20 is the bottom, and the pair could reverse direction without testing the significant support level.
In conclusion, from the perspective of a swing trader, the focus should be on identifying buying opportunities in the market.