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Usdjpylong

USDJPY SellThe Japanese Yen recorded a rather timid end to the month of March surrendering some of its gains recorded in the early part of the month. The 9th of March brought the SVB Bank saga to the fore and fears around a potential fallout saw the Yen benefit as investors fled toward safe have assets. Overall sentiment has since improved, the last week of March saw the Yen take abit of a beating with the Euro in particular putting in some impressive gains. EURJPY is currently trading back at the level it was prior to the SVB fallout, around the 145.00 level as the Yen remains weak this morning. Taking a look at the currency strength chart below the Yen is the second weakest currency as the European session kicked into gear. USDJPY h1 main trend is still down. After a short accumulation at the end of yesterday, the pair is now showing signs of continuing to decline. Recommended sell to current price 131.50, SL: 132.10, TP: 130.60
Short
by VTmarkets
USDJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we can see price changed the character, which means I will look for longs. I expect price to continue the retracement to fill the imbalances lower and then to reject from bullish order block + institutional big figure 131.000. Fundamental analysis: We have news events on USD on Friday 7th of April, one of the most important news related to USD, which are NFP and Unemployment rate. Pay attention to the results of these news as they will indicate the direction for this month. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
USDJPY SellUSD/JPY slides to 132.20 while extending the week-start reversal from the highest level in a fortnight. That said, the Yen pair’s latest losses could be linked to the downbeat US Treasury bond yields, as well as softer data, not to forget upbeat comments from Japan Prime Minister Fumio Kishida. After assuring the stability of the financial system at home, Japan PM Kishida pledged more investment to please the Yen pair sellers. “It is necessary to speed up private investment through green transformation bonds to promote decarbonization domestically,” said Japan PM Kishida. USDJPY main trend is still down. Currently on the h1 chart the price is consolidating short waiting to break down. With this pair traders can sell to current price 132.20, SL: 132.80, TP: 131.20
Short
by VTmarkets
USDJPY trading at crucial level.USDJPY - 24h expiry - Majority of the initial daily gains being overturned. The overnight dip has been bought into and there is scope for further bullish pressure going into this morning. Intraday, and we are between bespoke support and resistance 132.75-133.53. The sequence for trading is higher highs and lows. The 261.8% Fibonacci extension is located at 135.19 from 129.60 to 131.73. We look to Buy at 132.75 (stop at 132.25) Our profit targets will be 134.00 and 134.25 Resistance: 134.00 / 134.37 / 135.18 Support: 132.75 / 131.75 / 131.48 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDJPY | Perspective for the new week | follow-up detailsIt was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the BoJ's annual target of 2%. Readings came in at 3.3% down from 4.3% in the prior month... Next week is coming with a couple of fundamental activities that will bring some liquidity to the market; from the BoJ governor's press conference about monetary policies in Tokyo to the GDP data from the US docket. In this video, we technically analyzed the market structure with the intent of identifying potential trading opportunities in the coming week(s). Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
2
USDJPY 31 March 2023Analysis: Bullish Flag possible continuation pattern but on RSI we can see bearish Divergence so this can reversal pattern (DOUBLE TOP). So we can have two trade plans one bullish and one bearish we will pick trades by the help of BUY/SELL stop Trade Plan (Bullish Setup/Bullish Flag) Entry (Buy stop) 133.064 Stop loss 132.158 Target 1 133.970 Target 2 134.840 Trade Plan (Bearish Setup/Double Top) Entry (Sell Stop) 132.158 Stop loss 133.064 Target 1 131.277 Target 2 130.357 NOTE: stoploss 2% or 5% risk of the capital. Adjust your lot sizes according to your account size
by khawar_mughal
USDJPY H1: Bullish outlook seen, further upside above 132.50Price is currently hovering above a key support zone at 132.50 on the H1 timeframe. A throwback to this support zone, which coincides with the 78.6% Fibonacci retracement, could provide the bullish acceleration to the resistance zone at 133.80, in line with the 161.8% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, while Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
Long
by T3-Consultancy
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is a very high possibility that USDJPY will go up a bit more and move to 135.88 LEVEL. Anyway, USDJPY price can go down to 124.73 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY LongGood Morning, I hope everyone is having a wonderful week and trading week. What I have here is my analysis for UJ currently retracing, price has broken structure from our diagonal triangle. Now that price has broken and closed above the diagonal triangle structure, we will be waiting for a pullback and a rejection in my demand zone. Once price drops into the demand zone and has a strong rejection in that area, twill be executing a long buy and hold until price reaches the 134.500 area. If any of you have a similar chart analysis and/or agree with this et up, please leave a like and a comment. Thank you
Long
by NoPumpFakesFx
USDJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we can see that price failed to create a new lower low and broke the last high so for the confirmation of bullish market structure I expect price to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD