Long for USDJPYIt seems that, USDJPY is going to upper. The pair has formed a triangle which now is broken and we had enough pullback.
Usdjpylong
We Could expect USDJPY to make a monthly higher higherThe reason why I am still firmly convinced that this movement is going to happen is supported by several compelling factors. Let's explore them in detail:
1.Non-commercials continue to aggressively add long positions in this currency pair. This indicates a strong bullish sentiment and suggests that these market participants have high expectations for its future performance. Their sustained interest and confidence in this pair contribute to my conviction.
2.Taking a closer look at the Monthly time frame, we can observe a clear and well-defined bullish structure. This pattern provides additional validation for the anticipated movement. The consistent upward trajectory of the price points towards a potential upward trend that could further strengthen the case for a positive outcome.
3.Another crucial aspect to consider is the unanimous agreement among all members of the Federal Reserve (Fed) regarding the likelihood of another interest rate hike. This collective stance underscores the consensus among policymakers that an increase in interest rates is imminent. Such a move is expected to bolster the value of the dollar, as it signifies a strengthening of the US economy and reflects the Fed's confidence in its monetary policies.
4.In contrast, the interest rate in Japan remains unchanged and continues to be in negative territory. This divergence between the interest rate policies of Japan and the United States further reinforces the potential for a favorable outcome in the currency pair. The persistent negative interest rate in Japan could lead to increased selling pressure on the yen, potentially benefiting the other currency in the pair.
Considering these factors collectively, it becomes evident why my conviction remains steadfast regarding the occurrence of this movement. The combination of aggressive long positions by non-commercials, a bullish structure on the Monthly time frame, the anticipated interest rate hike by the Fed, and the contrasting interest rate policies between Japan and the United States all contribute to a compelling case for the expected movement.
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 to create another higher highUJ is still in its major uptrend as price continues to create strong higher highs and indecision lower lows. I took a buy based on the 30min structure. My target is the next daily resistance level. I believe that buying at a higher low off of a retest is a valid opportunity. Especially after a volume bullish engulfing candle.
USDJPY Daily AnalysisUSDJPY has been in an uptrend for a while after breaking my weekly keyzone. Price is presently at a resistance level. I expect price to break the resistance and continue the uptrend, or price will get rejected and possibly reverse back to the keyzone below as marked in the chart.
What's your bias on this pair? kindly like and share your thoughts below
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 Bullish Breakout!USD-JPY broke out of the
Bullish wedge pattern
While trading in an
Uptrend so I think
That we will see
Further growth!
Bulls circle USD/JPY ahead of the FOMC meetingWhilst the US dollar has mostly retraced over the past couple of weeks against FX majors, it has held its own against then Yen. In fact, momentum is now turning higher after forming a triple bottom ~139 and breaking above a retracement line.
The most traded price during the prior consolidation is 139.55, which could provide a level of support if prices retrace ahead of its next leg higher.
Take note that overnight implied volatility has blown out ahead of the FOMC, so be prepared for some volatility before the next major move takes place.
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 LongOANDA:XAUUSD
The triangle pattern was formed and after the announcement of the news results, the price reached the bottom of the triangle. If the upper side of the triangle is broken, I expect the price to grow to the specified areas.
USDJPY BullishAs I am saying since last two months that JPY is not strong enough and it will remain in bearish mode and now, we can see the currencies again JPY are going straight up, and I think it will remain up (Pairs)
USDJPY LONGUSDJPY shows promising signs of an upward breakout, targeting 148.578 from the current price of 141.216. closely monitoring this critical level for a Breakout. trade carefully..
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 – aiming for 150’s?This pair had a good week and looks ready to move significantly higher. Recently it had found liquidity in the 140 region and will need the same to find some momentum to the upside again. I think a pullback to the low 141’s is possible before the uptrend resumes.
How far you trade this will depend on your belief, patience and ability to stay with the trade. Perhaps letting the trend develop and adding more positions on future pullbacks will be the way forward especially from a risk management perspective.
Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
USDJPY SETUPHello traders here is the prediction of USDJPY I sent out yesterday and now its in deep profit you can see that the price created a bullish trend after a strong rejection and now the price is on a bullish trend.
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar.
The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications of a weakening labor market in the US, the release of May's consumer prices index just before the central bank officials' interest rate discussion holds significant importance.
While the Japanese Yen struggles to gain an advantage, investors anticipate that the Bank of Japan (BoJ) Governor Kazuo Ueda will maintain the current policy. Governor Ueda has consistently emphasized the necessity of monetary stimulus to maintain inflation above 2%, primarily through increased wages and robust household demand.
During the video, I detailed the USDJPY's bullish and bearish sentiment, focusing on price action-based technical analysis. We identify key Support and Resistance Levels in the 4-hour timeframe to identify potential trading opportunities. Notably, highlighted a robust demand zone around the 138.800 area that has consistently counteracted selling pressure in recent weeks, indicating the strength of buyers at this level. This zone may play a crucial role in determining the direction of price action in the upcoming week.
Stay tuned to this channel, follow our updates, and engage in the comment section to stay informed about further developments.
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
USDJPY SHORT TERM TRADE IDEAThe price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker.
Monthly:
The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the price respected.
Daily
The price created the 123-pattern stablishing a low. The price liquidated important sell side liquidity. We can expect the price to chase important buy side liquidity.
Non-commercials are aggressively adding shorts in JPY. This mean that they are selling the JPY aggressively. JPY long positions: 40,736 short: 136,929. Added last week short: 3,976 long: 19,509
As you can see short are way more and they keep aggressively adding more shorts.
USDJPY SHORT 06/14/2023USDJPY SHORT 06/14/2023
Price rejected the close for the daily candle.
Aiming for the market equilibriu which is at 139.793
Which align at the previous day Value Area Low. So there is a high chance of retesting that level.
usdjpy to make a big decision todayIn the following video I've provided 3 scenarios in which I would look to take part in any trades. The first of which is quite simply a higher high will produce another higher high.
Both scenarios afterwards are reversals. If price throws indecision in the correct direction, it signals a reversal. The daily close today will suggest a lot at yesterday was relatively volatile.
Potential Long Trade Opportunity in USD/JPYBased on analysis, an enticing opportunity has emerged for a potential long trade in the USD/JPY currency pair. The suggested entry level for buyers is at 140.000. 📈💰
To maximize profit potential, a take-profit level has been set at 140.300, targeting a potential upward move in the market. 🎯💥
To manage risk, it is crucial to set a stop-loss (SL) level at 139.925, ensuring protection against potential adverse price movements. 🛡️⚠️
Remember, market conditions can shift swiftly, so it is essential to stay vigilant and adapt your trading strategy accordingly. As always, exercise your own discretion and adjust the stop-loss and take-profit levels based on your risk tolerance and trading plan. ⚙️💪
Successful trading relies on diligent analysis, effective risk management, and disciplined execution. Wishing you the best of luck and profitable trades! 📊💼✨
#TradingView #USDJPY #LongTradeOpportunity #TakeProfitTarget #TechnicalAnalysis #MarketAnalysis #RiskManagement #TradingStrategy #ForexTrading
