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Usdjpylong

USD/JPY Bullish Trade Setup: Buy Limit at 149.5This USD/JPY trade strategy capitalizes on the currency pair's strong uptrend as identified from the monthly, weekly, and daily charts. The current price near 149.5 presents a compelling entry point for a bullish position. The setup involves: Entry Point: A buy limit order at 149.5, positioned just below the current market price, aiming to capture potential upward momentum. Stop Loss: Set at 148.5, below a recent swing low on the daily chart, providing a safeguard against unexpected downward movements. Take Profit: The initial target is 151.5, just below the key resistance level of 152.0. This level is chosen based on the price’s historical performance, where it has yet to break this significant barrier. The trade is backed by an overarching bullish trend, reflected in the higher highs and lows observed across all three timeframes. While the fundamental outlook indicates the USD's strength, particularly with better-than-expected retail sales data, the high sell sentiment in the market suggests a possibility of a short squeeze, further supporting a bullish approach.
Long
by Fexcat
USDJPY: Comments on USDJPY on November 14Yomiru: Japan plans to reduce taxes for businesses that increase wages A source from the Yomiuri website said that the Japanese Government is considering tax reductions for companies that increase wages by 8%. The Japanese government wants to encourage wage increases as part of its fight to promote sustained and stable inflation. If the wage increase is widely applied, it will create a premise for the BoJ's arguments around gradually reducing the level of monetary policy easing, thereby supporting JPY.
Long
by Chart_MasterPro
USDJPY → Moves on the upward trajectory toward 152.00 levelFX:USDJPY continues to move on the upward trajectory, trading around yearly highs at 151.70 during the European session on Monday. The USD/JPY pair eyes a potential ascent toward the major resistance at the psychological level of 152.00. This could materialize if the strength of the US Dollar (USD) gathers momentum, propelled by higher US Treasury bond yields and the hawkish comments from Federal Reserve (Fed) Chair Jerome Powell. The technical indicators paint an interesting picture for the USD/JPY pair. The 14-day Relative Strength Index (RSI) is positioned above the 50 level, indicating upward support. This signals a bullish momentum and reflects a robust market sentiment. With this, there's potential for the pair to advance toward the next barrier at the resistance level of 152.50. Adding to the positive outlook, the Moving Average Convergence Divergence (MACD) line is situated above the centerline and the signal line in the USD/JPY pair. This configuration suggests a stronger momentum and reflects a prevailing confidence in the market. On the flip side, the USD/JPY pair could meet the support at the 21-day Exponential Moving Average (EMA) at 150.35, followed by the 150.00 psychological level. A decisive break below the latter could push the pair to navigate the area around the 23.6% Fibonacci retracement at 148.40.
Long
by tradingconmike
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USDJPY: Asian foreign exchange market calms down, US dollar recoMost Asian currencies fluctuated in a narrow range on Wednesday, but the dollar pared recent gains after some Federal Reserve officials warned against betting the central bank would stop raising interest rates. Expanded. This will focus attention on Fed Chairman Jerome Powell's upcoming speech as markets look for further signals on U.S. monetary policy. Sentiment towards Asian markets remains subdued as traders remain nervous about hawkish signals from the Federal Reserve. Signs of continued weakness in China's economy also have traders wary of regional markets. The Japanese yen fell 0.1%, remaining above 150 yen to the dollar, with dovish signals from the Bank of Japan and a strong dollar providing little support. The weak currency has traders bracing for possible foreign exchange market intervention by the Japanese government aimed at strengthening the yen. Japan's cabinet issued a series of verbal warnings against such moves in October.
Long
by Chart_MasterPro
Celebrate the Yen's Historic Low Against Euro and Dollar Picture this: the yen, once a mighty force in the currency market, is now presenting us with an incredible chance to capitalize on its current weakness. It's time to put on your trading hats and consider going long on the yen! Now, you might be wondering, "Why should I care about the yen's historic low?" Well, my fellow traders, let me break it down for you. A weaker yen means that it takes more yen to purchase the same amount of euros or dollars. This situation can lead to potentially lucrative opportunities for those who are willing to take action. Here's where the excitement builds up: by going long on the yen, you have the chance to profit from its potential recovery against the euro and the dollar. As the yen gradually strengthens, you can ride the wave and watch your profits grow. It's like catching a rising star in the currency sky! So, how can you seize this golden opportunity? Here are a few steps to get you started: 1. Conduct thorough research: Dive into the current market trends, analyze historical data, and keep an eye on any relevant news or economic indicators that may impact the yen's future performance. 2. Develop a trading strategy: Craft a well-thought-out plan that aligns with your risk appetite and trading goals. Consider factors such as entry and exit points, stop-loss orders, and profit targets to maximize your potential gains. 3. Stay informed: Continuously monitor the market and stay updated on any developments that may affect the yen's trajectory. Being aware of market sentiment and adapting your strategy accordingly will help you stay ahead of the game. 4. Utilize risk management tools: Remember, trading involves risks. Implement risk management techniques such as setting appropriate position sizes, using stop-loss orders, and diversifying your portfolio to protect your investments. 5. Seize the moment: When you feel confident in your analysis and strategy, take action! Execute your trades and keep a close eye on the yen's performance to make timely adjustments if needed. Remember, my fellow traders, fortune favors the bold! The yen's historic low against the euro and the dollar presents a unique opportunity for those who are willing to take action and ride the potential wave of yen appreciation. So, let's embrace this exciting moment and make the most of it!
by bryandowningqln
USDJPY - Long after a retracement ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news. Like, comment and subscribe to be in touch with my content
Long
by Snick3rSD
USDJPY: Today's (November 3) USD exchange rate: Following the...The US dollar kept falling during the most recent trading session as traders gambled that the US Federal Reserve (Fed) had finished tightening its monetary policy and decided to hold interest rates steady. As a result, the Fed resolved at its policy meeting in November to maintain current interest rates while assessing the financial landscape to gauge its capacity to contain inflation. Fed funds futures indicate that there is less than 20% likelihood that the Fed will raise interest rates in December, but investors continue to support the belief that US interest rates have peaked. Stocks have recovered as a result of that viewpoint increasing investors' risk appetite. The dollar weakened 0.3% versus the Japanese yen to 150.44, retreating from this week's one-year high
Long
by TrategySherpa
USDJPY 4H : New forecast USDJPY New forecast The USD/JPY pair bounced significantly after testing the 151.00 areas, breaking the support of the ascending channel and starting a downward correction. Therefore we expect the correction is end and upward trend scenario will be more likely supported by moving average 50 and Breaking 150.46 and stabilized above it will make it easier for the price to achieve the suggested target began 151.00 and extend to 151.50, taking into account that stabilized under 150.00 will end the bullish waves and put the price under sell pressure . The expect range trading for today it will between resistance line 151.00 and support line 150.00. Additionally ,Today News will affect the market . support line : 150.00 , 149.41 resistance line : 150.46 , 151.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
Ride the Wave of Yen Drop Against Dollar As you may already know, the Japanese Yen has been experiencing a significant drop against the US Dollar due to the Bank of Japan's (BOJ) strategic move of buying bonds to curb the rising yield. This development has created a highly favorable environment for traders looking to long USDJPY and capitalize on this exciting trend. The BOJ's proactive measures to slow down the rising yield have effectively weakened the Yen, creating an ideal scenario for traders seeking to profit from the currency pair's movement. This drop opens up a window of opportunity for those who are ready to take advantage of the situation and potentially reap substantial rewards. Now, you might be wondering, "How can I seize this opportunity and maximize my profits?" Well, the answer lies in considering a long position on USDJPY! By going long on this currency pair, you position yourself to benefit from the Yen's decline against the Dollar. This trade could potentially yield remarkable returns if timed correctly. So, what are you waiting for? Don't miss out on this thrilling chance to ride the wave of the Yen's drop against the Dollar! Take action now and consider opening a position to long USDJPY. With careful analysis, a well-executed strategy, and the right timing, you could be on your way to securing substantial profits. Remember, timing is crucial in the world of trading, and this opportunity might not last forever. Stay ahead of the curve and make the most of the current market conditions. Embrace the excitement, seize the moment, and let your trading skills shine! If you require any further information or assistance in making the most of this opportunity, please do not hesitate to reach out to our expert team. We are here to support you every step of the way. Wishing you an exhilarating trading experience and remarkable success!
Long
by bryandowningqln
USDJPY 4H :Support further rise USDJPY New forecast The dollar/yen pair rose strongly to cross and settle above the 151.00 barrier, reinforcing expectations that the upward trend will continue to dominate in the long term, paving the way for additional gains of up to 152.50. Therefore the upward scenario will be remain valid and affective supported by moving average 50 that is continues to support the price to rise up but the current negativity may cause some temporary sideways fluctuation before resuming the proposed rise, so may the price try to do negative correction to 151.00 and then rise up,taking into account that the upward trend which will remain in place provided that the price maintains its stability above the 150.46 level. The expect range trading for today it will between resistance line 151.76 and support line 151.00. Additionally ,Today News will affect the market . support line : 151.00 , 150.46 resistance line : 151.50 , 152.50 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
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