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Usdjpyshort

Time to SELL or More Buying Today May Give Clues???We got the break out of the previous resistance at 138 yesterday and approaching the untested weekly SUPPLY/SELL zone starting at 139 this is an area I expect to start seeing sellers come into the market though cannot rule out a move up towards 140. Looking at the 12hr and 8hr charts this pair is very over extended indicating sellers will be stepping in soon either for a pull back and test if 138 or a close back below for a false breakout Today I will be looking to see if we actually get a weekly close above 138 if price falls back and closes below this level today I will be entering a short position. If we do get the weekly close above 138 I expect a move above 139 then to get a big sell off inside this area and will be looking for sell signals from my TRFX indicator on any chart above the 6hr. My first target will be 134 before moving down towards 130 and maybe hold for longer. Will keep you posted on how today plays out and if a trade has been triggered. Good luck please like and follow
Short
by TheFxAce
10
USDJPY: Opportunity for buyers!Fundamental Overview The Bank of Japan (BoJ) Governor Kazuo Ueda made some statements that were perceived as hawkish, causing the Japanese Yen (JPY) to experience a slight increase. This resulted in a bit of downward pressure on the USD/JPY pair. During a parliament session, Ueda expressed confidence that Japan's economy was improving and inflation expectations were still high. He also stated that the central bank plans to end its yield curve control policy and reduce its balance sheet after inflation reaches the 2% target sustainably. Plan trade in the intro
Long
by Sphyn-Trader
15
USDJPY | Bearish Divergence | DownsideUSDJPY is a currency pair that indicates the exchange rate between the US dollar and the Japanese yen. When market analysts mention that USDJPY is in an uptrend, it means that the value of the US dollar is rising against the Japanese yen over time. However, the analysts also note that there is a formation of hidden bearish divergence on the Relative Strength Index (RSI). Bearish divergence refers to a situation where the price of an asset and a technical indicator, such as the RSI, move in opposite directions. In the case of hidden bearish divergence, the price of the asset continues to rise while the RSI indicator starts to decline. This indicates that there may be a weakness in the uptrend and that a reversal may be likely. When hidden bearish divergence formation on the RSI for USDJPY, it suggests that there is a high chance that the uptrend may be coming to an end, and a downtrend could potentially follow. In this scenario, the Japanese yen may start to gain strength against the US dollar, causing the USDJPY pair to decline. However, it is important to note that technical analysis tools are not always accurate, and market participants should also take into consideration other factors, such as economic events and political developments that may affect the currency pair's performance. Traders may use technical analysis indicators like the RSI in conjunction with other technical analysis tools to make informed trading decisions.
Short
by awaisulabdeen
USDJPY | Perspective for the new week | follow-up detailsThe Japanese Yen advanced during the most part of the previous week, capitalizing on sustained weakness in the US Dollar as markets bet on a Fed Reserve's hint on a potential pause in the Federal Reserve’s rate hike cycle making it one of the viable safe-havens. However, the employment expansion in April was 73,000 beyond expectations, moving the jobless rate a notch lower to 3.4% from a previous 3.5% and making it difficult for the Fed to consider stopping raising interest rates. In this regard, the Greenback may likely capitalize on this theory to gain some traction in the coming week(s). From a technical standpoint, this video highlighted the chances both sellers and buyers have from the current market condition(s) 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
USDJPY - Bullish price action ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I expected in my previous analysis price filled the imbalance and rejected from bullish OB. Now I see only bullish price action and my target is new BOS. Fundamental analysis: Tomorrow we have news on USD, will be released CPI and on Thursday PPI, these 2 are very important news, so we have to pay attention to the results. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDJPY: Good opportunity for buyers!Fundamental Overview If the Federal Reserve were to hold its meeting today, it would likely keep interest rates at their current level due to the uncertainty surrounding the banking industry. However, market conditions can change rapidly, and if there are no sudden bank failures over the weekend, there is a good chance that the Fed will increase rates by 25 basis points. The Fed tends to continue raising rates until there is an issue, and if the only issue is with SVB, then high inflation rates will likely prompt further hikes. This will result in a stronger US dollar and eventually, a decrease in stock prices once investors realize that no new bank failures have occurred. Buy GOLD when price breaks the box!!!!
Long
by Sphyn-Trader
5
USDJPY short continuationThe weak retracement has finished with a rounding price action. We should head down again, lots of room to the downside. How much you get out of this depends on your belief and patience. 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!!
Short
by Trading_Vista
USDJPY | Perspective for the new week | follow-up detailsFollwing the Bank of Japan’s policy meeting on Friday, the US Dollar moved a significant 1.74% against the Japanese Yen to settle above the 135.000 for the first time in six weeks. The risk-averse market atmosphere helped the Greenback find demand as a safe haven while hawkish Federal Reserve (Fed) bets provide an additional boost to the currency. The coming week is laced with a handful of high impact macroeconomic event hence the need to consider different factors before making an informed decision. In this video, we dissected the current market structure form a technical stanpoint to figure out how to position ourselves 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.
by darcsherry