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 that the JPY is starting to weaken quite a bit. It happened because of the BOJ MEETING. This time after the FOMC, the dollar has also weakened.
- Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now.
- There is definitely a high possibility that USDJPY will go UP a bit more and move to 133.67 LEVEL. Anyway, USDJPY price can go down to 125.02 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
Usdjpyshort
USDJPY Weekly: 29/01/2023: Long term view
As you can see, the price can decrease for collecting liquidity under 126.359. For this, we can expect the price rise to a supply zone that we can define it 131.5- 135.
All in all, I am bearish for USDJPY but I think the price needs more fuel.
💡Wait for the update!
🗓️29/01/2023
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USDJPY Continues to FallLast week, USDJPY failed to grow above the Ichimoku cloud as it worked as a resistance. Naturally with the FOMC meeting this week, volatile movements can be expected and prices may grow but this instrument is looking weak in the weekly timeframe so rising prices can be seen as entry points for shorts.
JPY BREAKOUT USDJPY
FormS a huge Symmetrical Triangle within this triangle we should sell and buy on resistance and support.
On one side breakout will give a good entry and move is well
Before F.O.M.C data i am expecting movement within this triangle after the data release will give one side clear direction.
AS soon as data is not delivered we should wait for proper price action
USD/JPY :: what do you think ?! is it possible ?!!USD/JPY :::
The purple channel is a large channel that easily covers the time frame of 4 hours .
The price is currently at the ceiling of this channel and the last important encounter of this price was in the smaller channel and all these corrective movements have created a triangle .
If the triangle is broken from above, the next few resistances will be broken like a domino, and the price will enter a new range .
USDJPY SellThis is the trade setup I made on USDJPY a day ago, I hope it is self explanatory. Drop down to the 1hr time-frame if you need to see a bolder view. Notice first the break of structure then the pullback which I placed a trade on and now running in profit. Now I pray the price drops all the way down to the previous low to end the trade in profit with a good risk to reward ratio.
USDJPY - Daily Trade Idea - 26-Jan-23USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
Bearish outlook on USDJPY - 26 January 2023On the H4 timeframe, prices are ranging between 131.50 and 127.50. Stochastic RSI is in the oversold region below 20, supporting the possibility of a pullback to 131.00, which coincides with the 50% Fibonacci retracement. Prices could then rebound to the support zone at 127.50.
USDJPY H1: Bullish outlook seen, further upside above 128.80On the H1 time frame, prices are approaching the support zone at 128.80, in line with the Fibonacci confluence levels and a throwback to this zone could present an opportunity to play the bounce to the resistance zone at 130.50. Stochastic is approaching support at 3.90 supporting the bullish bias. A change in market structure on the lower time frames, following the break of the most recent high could provide confirmation for a higher probability setup.
USDJPY SELLSELL USDJPY guys so on my last post I had wrong information on USDJPY Not like I had Wrong information, but when I was see on a Higher TF was really Different based on the Buy Confirmation I had so let's Get this Money Sell USDJPY
USDJPY SELL
SL: 130.129
TP: 127.601
We Broke the TL so lets Patiently wait on a retest before making a sell Moves Thanks Guys I'm out
USDJPY BUYAlright a quick one on USDJPY I don’t have much to say on this Analysis, but on the H4 TF we Got a Trend line And it is Creating A LL & LH So on this Buy we are Looking on The 30min TF for A Highs to Be Tested which is my Fib Level of 61.8 Which is My Take Profits Area 131.819.
BUY USDJPY 159 pips
SL: 129.800
TP: 131.819
So let’s see how this plays Out
Thanks Guys
Perspective on UsdJpyWelcome our perspective UsdJpy
Usdjpy has been falling constantly with the falling of DXY, it's likely this price action will continue this path but not without the careful consideration of an upwards move first. UsdJpy is stuck in a small range where more reason is provided to go up than down first. We feel it is possibly for the black line given, to be followed. This pair will be watched over closely and should this move become fact, We will look to fill a sell order.
USDJPY - Daily Trade Idea - 25-Jan-25USDJPY (SHORT)- If all the resistance holds in place.
If we see the Resistance broken out then we could see the shift in the trend.
I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart.
(THIS IDEAS VALID NEXT 24 HOURS)
Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry.
- Rejection Candle Formation - Red Candle after the Green Candle.
- Stochastic - Overbought Area
- Timing of entry Prior / during UK / US Market Session.
USDJPY Short ideaW can see price is trading nicely below the 200EMA and within the channel on the 4H. With the collapse of the US economy and slow death of the USD, would be a nice 1 to hold for the long run and more entries on pullbacks, but for now:
Entry 130.00 - 130.336
SL: 131.500 ( a bit above the resistance zone)
TP1: 129.700
TP2: 129.250
TP3: 128.920
TP4: Open
USDJPY - Short from bearish orderblock ✅Hello traders!
‼️ This is my perspective on USDJPY .
Here we are bearish from daily perspective, so I am looking for shorts. I expect price to continue the retracement tp fill the imbalance and then to reject from bearish orderblock + institutional big figure 132.000.
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