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Usdjpysignal

USDJPY | follow-up detailsThis is a follow-up detail on the USDJPY that was published 2 days ago (see link below for reference purposes) where we were expecting the price to retrace to a minimum of 129.1 but It appears the price is finding it difficult to break the support level at 129.500 which shall become our new demand zone if this level continues to hold price action. In this regard, we should be looking for a breakout of a new key level for a bullish signal in the nearest future. Risk 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.
Long
by darcsherry
USDJPY | Perspective for the new week | follow-up detailsA follow-up detail on the USDJPY that was published sometime last week (see link below for reference purposes) where we locked in about 300pisp from our second entry. Despite a considerable pullback from two-decade highs (which kicked us out of our first entry)during last trading week's trading session hereby edging lower some 0.52%, amid broad US dollar weakness; the bullish momentum that began at the later part of last week's trading session appears to submit a signal that participants still have confidence in the Greenback. So, the key level identified $129 area shall be our yardstick for either a bullish (which I think is very likely) or bearish (retracement of the long-term uptrend) momentum going into the new week. Risk 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.
Long
by darcsherry
USDJPY | New perspectiveConsidering the long-term bullish momentum on the USDJPY where we continue to see the Greenback grow immensely against the Yen in the last 4 months; I am looking forward to a buying opportunity above the key level identified at the 128 area. However, should a breakdown/retest of the bullish trendline on the 4H timeframe... we might be looking forward to a retracement. I shall keep an update on this trade in the comment section on my Tradingview account. Risk 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.
Long
by darcsherry
1
USDJPY | New perspectiveWe were able to close our last position on this pair with approximately 210pips (see link below for reference purposes) and now we are likely at a juncture in the market where another opportunity to buy appears to be evolving. The identification of a consolidation phase sitting on a strong bullish trendline on the 1H timeframe is probably a signal of a bullish momentum building up. Risk 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.
Long
by darcsherry
2
USDJPY | New perspectiveSince the beginning of the month, price action has continued to respect the bullish trend line identified in the 4H timeframe and we are hoping to catch one last bullish move if it finally happens. A significant breakout of key levels during the course of yesterday's trading session could probably be a signal for a trend continuation in the nearest future as long as the price does not break down the bullish trendline. Risk 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.
Long
by darcsherry
2
⭕️SELL USDJPY ; Its time to sell❗️🔰You see the analysis of the US dollar against the Japanese Yen in Daily ( USDJPY , D1)❗️🔎 🔰SELL USDJPY at 125.600 ✅TP ; 122.00 ❌SL ; 126.300 🔰As is evident from the analysis, considering the price in the sales supply area in this range, it seems logical that the target is placed at the confluence of the demand area (orange) and the uptrend support line (white dotted line)❗️🧐 ⚠️⚠️Please observe capital management and open a low volume transaction❗️❗️ I hope this analysis is useful for you🙏🏻🌹 📌Please introduce the "TRADER STREET" to your friends 🙏🏻 _______________________📈TRADER STREET📉________________________
Short
by TRADER_STREET
16
USDJPY Weekly spikes higherTechnical bias is also strongly bullish. Scope for test of 125.85 (2015 high). 5-DMA is immediate support at 121.89. Minor weakness on break below. The offer follows the first round of offers by the BOJ which failed to find any bids, propelling the 10-year Japanese yield to 0.25%. Rising covid concerns in Germany and China along with rising tensions between the West and Russia amid indecision over the Moscow-Kyiw talks add to dollar demand. US jobs report later this week will be crucial considering the hawkish Fedspeak and recently softer data, amid the geopolitical crisis.
Long
by Goldsignal75
USD/JPY is waiting for the big correction. Get, set & ready USD/JPY has been rising since January 2021. It becomes unstoppable. As all beginnings have an end, no matter how high USD/JPY rises, it will wear out very soon. But firstly, we have to understand why it is rising. Why is the Japanese Yen weak against all currencies despite being a safe-haven asset. The Bank of Japan itself acts as the mastermind behind the weakening of the Japanese yen. I have been trading since 2007. I saw from the beginning that the Bank of Japan would weaken the Japanese Yen by intervening whenever they got a chance. Since Japan is an export-dependent country, the weakening Japanese yen is good for the Japanese economy, At list Bank of Japan thinks. There are several other reasons why the Japanese yen has been weak for more than a year now. At the same time, the Bank of Japan wants a weaker yen. On the other hand, in this time of inflationary pressure, where almost all banks, starting with the Fed, are raising rates, the Bank of Japan is announcing that it will not raise rates. By doing so, those who will invest in Japanese yen are also falling behind due to not getting an overnight swap. After World War II, Japan retreated a lot militarily, but in recent times, due to Chinese domination, Japan seems to be regaining military power. This is the main reason why investors are ignoring the Japanese yen as a safe-haven asset. Switzerland is much more neutral. Due to this the Swiss franc is still getting the benefit of safe haven. Japan has also been neutral for a long time. But in recent times, Japan has been trying to break out of its neutrality and create a ring of its own. For all these reasons, the Japanese Yen is not able to take advantage of this crisis even as a safe haven. However, if oil prices continue to rise, the Bank of Japan will not be able to keep the yen weak even if it wants to. If the yen is too weak to raise energy prices, Japanese companies will have to pay a lot more to buy oil. In doing so, the Japanese economy will suffer from the disadvantages of the weak yen, rather than the advantages it had. USD/JPY is only 400 pips away from its all-time high zone. I think it has now come to a level very close to dropping in the long run. Technical Analysis If USD/JPY’s weekly candle closes below the 122.50 price zone, there is a chance that USD/JPY might drop from the current level. On the other side, closing above 122.50 price zone may lead the USD/JPY 124 to 125.00. From my view, correction is a must on that level and hopefully 122.50.
Short
by Gold_Trading_Expert
8