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 definitely a high chance that USDJPY will go UP a bit more and move to 142.35 LEVEL. Anyway, USDJPY price can go down to 130.642 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
Usdjpylong
USDJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I look price to continue the retracement to fulfill the imbalance and then to reject from bearish order block + institutional big figure 136.000.
‼️Attention!!! Due to the fact that we have news events on USD this week, the analysis can be invalidated.
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USDJPY top-down analysisHello 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 is exactly moving according my analysis USDJPY is exactly moving according my previous analysis and nicely hitt our two main targets ( tagged ).
Now market is at trend resistance and horizontal resistance zone is also here.
So I expect some retracment back before bullish move.
You can sell from here to the support with small SL.
And buy from trend support for our main target 3.
Always trade safe and must use stop loss.
If you like this idea kindly appreciate with like button.
Market Update: Bullish Signals for USD/JPYThe USD/JPY market has seen some positive developments recently, with several bullish signals emerging that indicate that price action is still in favor of the bulls.
One of the most significant indicators of this bullish trend is the break above the 100 EMA (Exponential Moving Average). The 100 EMA is an essential technical indicator used by many traders to gauge the overall trend of an asset. When the price breaks above the 100 EMA, it signals a potential shift in the trend, from bearish to bullish, in this case.
In addition to the 100 EMA breakout, the Lorentzian Classification is also showing a 2-4 bullish price point, further supporting the positive momentum in the market. The Lorentzian Classification is a technical analysis tool used to measure the market's volatility, and it is indicating that there is a strong likelihood of bullish price movements.
However, while these bullish signals are a good sign, it's essential to note that caution is still necessary. To consider a swing short, traders would like to see the price come below the trend line and the 100-day EMA. This is because the trend line and 100-day EMA are critical support levels that need to be broken to confirm a bearish trend.
If the price breaks below the trend line, traders should wait to see if it retests off the 100 EMA or if it breaks below it. It's important to note that the market has only just broken out above the 100 EMA and retested it, so it may need further confirmation before any significant price movements occur.
If the price breaks above the resistance zone at 135.00, traders should look to take a long position up to 137.000. However, it's important to remain vigilant and monitor the market closely for any changes in the trend.
In conclusion, the current market signals suggest that price action for USD/JPY is still in favor of the bulls. However, traders should exercise caution and wait for confirmation before making any significant trading decisions.
Thank you for reading our market update. Stay tuned for more updates on the latest market trends and developments.
Sincerely,
The Finance Academy Trading Team
OfficialB1gFudg3
USDJPY 4hr Pre-market analysisThis is pre-market analysis for this week.
After breaking out of the downtrend channel, USDJPY had a significant push up. I believe market moves from one key zone to another as highlighted in blue on my chart. There is a resistance at the current key level, if market breaks rhe current key i expect more uptrend, in the mean time, there would be a small correction.
What do you think? like and comment below
USD JPY Bullish 4HR 2/11/23Hello Traders !
Thank you for taking the time to check out my trading idea.
USD/JPY has retested quasi support of 130.00 which is also the previous point where there is visible change of character within the trend. This was initially prompted by a 500k + job increase for US's Feb NFP Job report.
This pair failed to break below the key level 130 where bulls last regained control . We can also see a long term trendline break and retest.
Before continuing down, if UJ at some point decides to, it looks like price will be liquidity hunting the upside.
Conservative target would be previous HOW
Please like, and share your comments as they help me grow as a trader on this journey as well.
Thanks .