USDJPY: Main trend!In Asia, S&P500 futures have surged, indicating an increase in the market participants' risk appetite. Market sentiment is optimistic as the Federal Reserve's interest rate decision is likely to result in a neutral policy stance.
The US Dollar Index (DXY) has shown a slight correction around 103.60 after a decent rally. The USD Index is expected to perform sideways as the release of the US CPI will offer further guidance. US Treasury yields are choppy ahead of the inflation data, with 10-year US Treasury bond yields climbing above 3.76%.
Preliminary reports indicate that headline inflation is softening to 4.2R% compared to the previous release of 4.9% on an annualized basis. Lower oil prices have slowed down the overall inflation rate. However, core CPI, which excludes the impact of oil and food prices, is expected to marginally increase to 5.6% from the previous release of 5.5%.
The scrutiny of the preliminary US inflation report shows that households' demand for durables and services is consistently rising, putting pressure on Fed policymakers for hawkish guidance.
Meanwhile, the Bank of Japan's (BoJ) interest rate decision will keep the Japanese Yen in the spotlight. BoJ Governor Kazuo U
Usdjpyshort
Will USD/JPY go bullish again? Read analysis with key levelsDear traders, USD/JPY is getting some support from the EMA in the 4Hour chart.
Price has rebounded after hitting the EMA.
You can also see the formation of a triangle pattern in the chart. If
USD/JPY manages to break through the upper trend line of the
triangle, then we can see the next leg of bullish move.
However, 140.80 is a key level that can offer strong resistance . Either way,
you must follow the price action closely before executing your trade.
USDJPY Analysis: New Week Perspective and Follow-Up DetailsIn this USDJPY technical analysis video, we delve into the aftermath of the recent Nonfarm Payrolls data, which offers critical insights into the US labor market. With positive data surpassing expectations and the potential for a Federal Reserve interest rate hike this month, the US Dollar may be poised for a bullish upswing. The May report revealed a remarkable increase of 339,000 payrolls in both public and private sectors, surpassing the forecast of 190,000.
Moreover, the recent signing of the bill by President Joe Biden, suspending the US government's $31.4 trillion debt ceiling and avoiding a default, adds another layer of anticipation to the market's reaction.
From a technical standpoint, this video focuses on a detailed analysis of USDJPY Support and Resistance Levels, as well as Trendlines within the 4H timeframe. By examining these levels, we aimed to identify potential trading opportunities on the USDJPY chart for the upcoming week as it helped in making informed trading decisions.
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USD/JPY 4 Easy Entries Valid To Get 200 Pips At Least !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
What's the best level to sell USD/JPY?Dear traders, as per IG client sentiment, 67% of the retail traders are net short
in USD/JPY. So, it goes without saying that a lot of traders are waiting for
USD/JPY to fall.
UJ's rally has come to a halt at the 140.86 level. So, it would be wise to see if
there is another retest of the 140.86 resistance level.
Upon retesting, if we see bearish price action traders can consider selling
UJ@140.40-141 with SL above 141.50 and TP at 135.
USDJPY, Bearish Market, Swing TradingHello everyone,
UJ is currently in a bearish market, so we must adapt and react and look for an entry point. Price recently dropped and closed into the key 4 hour price zone 139.198. Price is projected to retrace back to the next key 4 hour zone 139.627. If this projection is fulfilled, look to enter in short positions @139.627 and hold to the next key daily or key 4 hour zone.
USDJPY Long Term Selling IdeaHello Traders
In This Chart USDJPY HOURLY Forex Forecast By World of Forex
today USDJPYD 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 Video 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.
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week.
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.
USD-JPY ✯ SHORT SETUP ✯ ONE HOUR TIME FRAMEThe current technical analysis of the USD-JPY currency trading pair reveals an increasing trend that has been shaping from last few hours. However, there is also an indication of bearish divergence, suggesting that the bullish momentum may be losing steam.
Looking at the charts, we can see that the price of USD-JPY has been steadily rising forming higher highs and higher lows, indicating a clear uptrend.
However, there is a notable bearish divergence pattern emerging, indicating that the bullish momentum may be losing steam. While the price of USD-JPY has been increasing, the Relative Strength Index (RSI) has been showing a downtrend. This divergence between the price and the RSI suggests that the price may be overbought and due for a correction.
Considering all the technical indicators, it appears that the USD-JPY currency trading pair may take the bearish movement from the ENTRY PRICE mentioned in the chart. Thus, it can be an opportunity for a SHORT TRADE if it breaks the ENTRY PRICE.
USDJPY SellExpecting UJ to go into sell once price breaks 139.500 based on MA indicators. A weakening DXY also supports the idea. If price breaks below 138.250 there is potential for a further sell onto 137.500-400 price area. Resistance/Stop loss is around price 140.000.
Sell Entry: 139.500
Targets: 139.300 | 139.185 | 139.000 | 138.840 | 138.700 | 138.500 | 138.370
Support: 138.250
Resistance/Stop Loss: 139.950
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USDJPY H1: Bearish outlook seen, further downside below 140.00Price is hovering below a key resistance zone at 140.00 on the H1 timeframe, which is in line with the 38.2% Fibonacci retracement. A pullback to this zone could present the opportunity to play the drop to the next support zone at 138.80, which coincides with the 78.6% Fibonacci retracement. Price is holding below the Ichimoku cloud, supporting our bearish bias.
USDJPY - Long from discount zone ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H perspective, so I am looking for longs from discount zone. My point of interest for long position is if price makes a retracement to fill the imbalance lower and then to reject from bullish order block.
Fundamental analysis: This week on Friday we have news on USD, will be released monthly NFP and Unemployment Rate. Pay attention to the results in order to validate the analysis.
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It's Showtime: SELL Trade Triggered, Action Time...The SELL signal for this pair has emerged today on the 12-hour chart. As per our May 19th analysis, after breaking through the 138 resistance level, I've been patiently waiting the sell signal. The price not only surpassed 139 level but also went beyond 140, just as explained may happen in the initial analysis.
Today the TRFX indicator gave us the all-clear to initiate a short position. My stop is set comfortably above the Weekly SUPPLY/SELL zone, which is above the green box marked on the chart My initial aim for this position is the 137.5 area, as denoted by the green line.
As the position moves towards this target, I'll revisit and analyze its progress, with a possibility of maintaining it for the long term.
To understand my method behind this setup please read the related post hope you enjoyed!!