USD/JPY Analysis 21.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
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Usdjpysell
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- Currently USDJPY is going UP. The reason for that is that with US INFLATION DATA being NEGATIVE, UJ BUY was very good until last week. And FED UPDATES were very NEGATIVE. But with the arrival of RETAIL SALES POSITIVE, USD is BUYING again. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At present the MARKET is taking RISK OFF and therefore the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting WEAK against USD.
- There is a very high possibility that USDJPY will move up to the 146.040 level. Anyway, USDJPY price can go down to 133.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
ALERT: Where You Should Look to BUY & SELL USDJPY ??Nearly a 1400 pip drop in this pair over the last few weeks and if you read my previous posts on this pair I was wrong about the 145 area being the top though the first easy target after the drop was correct at 138.500 level which was the previous swing high in the current trend.
We are at this level now and just beneath it we have a daily DEMAND/BUY level starting under 138 I will be looking for BUY signals starting to appear under 139 as after that huge drop a correction back up towards 143-145 is on the cards.
If the top is in on this pair which it seems to be then you will be looking to sell the corrrection rally around 143-145 area and then ride the move down towards the Monthly DEMAND/BUY zone around 135 or lower.
I will keep you updated trade entries as they happen
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 short There are two possibilities
The first
to make down move to TP1 area and then break the last top
The second
a bearish wave without breaking the top and make correction within TP1 and TP2
In both cases, we are making down move to TP1
I always advise those who have experience and were not able to sell from the top to wait for the retracement wave and can enter the 50%-60% areas as happened in the SP500 chart
TP and SL positions have been identified on the chart
good luck
USDJPY - Triangle pattern ✅Hello traders!
‼️ This is my analysis on USDJPY .
Here we can see that price forming a triangle pattern which means there is a consolidation and price would have a strong move. There are 2 scenarios here, If price breaks the support zone, I will wait for a re-test before opening a short position, or a break out of that triangle and continuation of bullish price action.
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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.
Mon 24th October 2022 USD/JPY Daily Forex Chart Sell SetupGood morning fellow traders. On my Daily Forex charts using the High Probability & Divergence trading methods from my books, I have identified a new trade setup this morning. As usual, you can read my notes on the chart for my thoughts on this setup. The trade being a USD/JPY Sell. Enjoy the day all. Cheers. Jim
USDJPY Sell ExpectedTechnically USDJPY Sell Expected From 150.14. And there is a valid strong Bearish Divergence!
1st TP: 147.6xx
Remember, there is no place for luck in trading - only strategy!
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Mahfuz Azim
USDJPY Ready to Fall after HIT 32-Year HighAs a predict before Fundamental News and than news came and USDJPY react with New although whole market reacted but USDJPY its All time High position after 32-Years and than its resisted there and hopefull USDJPY will Fall from here and may be again touch 150 but according to me it may hit 146.4 than can go up.