USDJPY 4H Projection USDJPY 4H Projection
My view on USDJPY for 4H.
USDJPY Elliott Wave(5 Wave) Structure is over now
USD-JPY was trading in an uptrend
For a very long time
But now we are finally seeing a bearish breakout
And as the correction is overdue
I am expecting a move down
Towards the target below
Sell!
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Usdjpysignal
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.
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.
⭕️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📉________________________
USDJPY extends ahead of FOMC minutesUSD/JPY extends gains ahead of FOMC minutes, hawkish Fed speak buoys USD
Focus now on the release of FOMC minutes for clues on the prospect of a 50 basis point hike at the U.S. central bank's next meeting in May.
Technical bias for the pair is bullish. Scope for test of fresh multi-year high above 125 handle.
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.
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.
sell setup for usdjpythe price is too close to the weekly resistance, so we expect the price will reject it making a correction
at least to the 38.20 % Fib from the long leg.
so we should wait on smaller TF for a clear momentum shift to the downside.
if the price break and closes above the weekly resistance, this scenario will fail.
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USDJPY refreshes multi-year highs Technical indicators for the pair remains strongly bullish. The pair is poised to break above 118 handle.
Next major bull target lies at 118.66 (Dec 2016 high). On the flipside, daily cloud is strong support, weakness only on break below.
The major is extending bullish streak for the sixth straight session and has refreshed multi-year highs.
Russia's attack on a large Ukrainian base near the border with NATO member Poland escalated fears of third world war.
USD/JPY - Fundamentally Bullish In this video I breakdown why the U.S Dollar is fundamentally bullish against the Japanese Yen.
1.) Higher Interest Rate in the U.S
2.) Bond Yield Differential
3.) High U.S Inflation pushing Rate Hikes From Federal Reserve
We also have some key technical levels to watch out for at 120.00 on the exchange rate.
USDJPY eyes trendline resistanceUSD/JPY extends gains amid improving market risk, eyes trendline resistance at 116.35
The pair is extending bounce off 55-EMA and daily cloud support, rises for the 3rd straight session
Price action is above the daily cloud, Chikou span is biased higher
Momentum is strongly bullish, Stochs and RSI are biased higher
USD/JPY trades with a bullish bias. Scope for test of Wedge top at 116.35. Bullish invalidation only below 55-EMA.