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Usdjpysignal

USD/JPY continues to struggle ~158Over the past three days we have seen two false breaks above 158, both resulting with a daily shooting star reversal. The upper wicks also serve as a double top above 158, and with US economic data slowly souring, the case for a top on USD/JPY is building. Prices have found support around the May high, and another crack at 158 would not come as a surprise. Yet given that the daily RSI (2) is overbought and has formed a bearish divergence on the 4-hour chart, and the highest volume of yesterday coincided with a large bearish bar, the bias remains to fade into rallies around 158 or Friday's high in anticipation of its next leg lower. 157.30, 157 and 156.60 are the next downside targets for bears to consider.
Short
by CityIndex
USD/JPY: Keeping an eye on false breaksOn Friday we saw USD/JPY failed to hold onto intraday gains above 158 following the BOJ meeting, and close the day back beneath the prior 'MOF intervention' level to form a shooting star candle. Prices drifted higher on Monday on relatively low volume, putting us once again on guard for either a false break of 158 or Friday's high. We're seeing a simple countertrend move back down to the high-volume node around 157.30 or even 157, should US data surprise enough to the downside later today.
Short
by CityIndex
USDJPY: Swing Sell Happening! AB=CD PatternFX:USDJPY Price is currently in process of making AB=CD pattern; after USDJPY created a record Higher High, most of the traders were expecting price to drop heavy and it just did that. After dropping heavily, price made some correction and formed a AB=CD pattern which is where we can expect price to drop exactly in same amount as A to B made. Our final target is 145-147 which will be somewhere 800-1000 pips. Use proper risk management.
Short
by Setupsfx_
11
USDJPY Analysis. Swing trade signal.Hello everyone i want share my idea about USDJPY Price action. After huge uptrend, we saw some strong sellers which active after strong downside movement of JPY index. Japan government said in 2024 they will change monetary policy which was signal for swing traders, JPY index had pretty bad 2 years, it was coming strong downside, after this statement of Japan government it was first strong buyers, who really show strong buyside interest. If we will look at Dollar index, it how us 2 thing price is still in uptrend at the moment, but after bad economical news of US government we can see sellers has control price, also if we look at us20 bond index we will see price came into downtrend which is i think additional signal of Dollar index bearish movement. About USDJPY index, at higher timeframe, we are still in uptrend, but at the chart sellers trying to take control at price, we saw rejection from 4h fair value gap, this zone has tested after huge downside movement. 4h fair value gap and Fibonacci high sell zone is in same place but lets see what price action we will have, how i mentioned about Dollar index and JPY index, i am bearish at the pair. I have some scenes which actually will approve i am right or not. Always make your own research!!!
Short
by elmakacho
3
Usdjpy short USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.usdjpy confirm signal
Short
by JohnHarry_7
USDJPY Bullish Side Money heist Plan to Become RichMy Dear Robbers / Traders, This is our master plan to Heist USDJPY Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart. Our target is Red Zone that is High risk Dangerous Level, market is overbought / Consolidation / Trend Reversal at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Note: If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money Use Trailing Stop To Protect Looted Money and wait for next breakout of dynamic level / Order Block, Once it is cleared we can continue our heist plan to next new target it will update after the Breakouts. support our robbery plan we can easily make money & take money 💰💵 Join your hands with US. Loot Everything in this market everyday.
Long
by Thief_Trader
💡 USDJPY: Analysis May 23USDJPY has invalidated the doji signal and continued to increase in the past session. It has now approached the previous peak at 156.7, but has not yet shown a breakout signal. This price behavior is detrimental to our current selling strategy, but we still do not encourage you to change tactics because the risk of exchange rate intervention from the BoJ is still present and the price has not yet reached its peak. than. Brothers continue to hold existing short positions, SL placed above level 156.7. In case the price continues to go up and breaks this barrier, you should temporarily stop trading and wait for new signals. 💡 H1 trend: Sideway Today trading idea: Sell.
Short
by Stone_Haven
USDJPY SELL | Idea Trading AnalysisUSDJPY returned to the ascending channel and reached the dynamic support. We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
6
USDJPY: The Japanese yen was little changedThe Japanese yen turned into little changed The Japanese yen turned into mildly unstable on Monday, with USDJPY soaring simply under 156. The recognition stays on any capability authorities intervention to assist the currency, after at the least instances of intervention in early May. The authorities is stated to have stepped in to deliver down the USDJPY charge from highs maximum in 34 years over one hundred sixty. While one hundred sixty is taken into consideration the restrict for the authorities, analysts warn that intervention should nonetheless show up earlier than that.
Short
by Chart_MasterPro
1
Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations. At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider. Last week, BOJ data suggested it had spent $60 billion to defend the yen. But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US). But can we expect the BOJ to intervene again and again? US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too.
by BlackBull_Markets
USDJPY → Huge Fall from 160.000 Heading for 148.000!?USD/JPY raced to test 160.000 last week and as expected, had a massive sell-off that ended Friday just below the 152.000 breakout area. Should we still be long? Or is it time to get short? How do we trade this? 🤔 The question in my last analysis was are we in for a hard sell-off? And should we buy these pullbacks? The conditions we see today change the perspective on buying the pullbacks. That wasn't just any sell-off, that was a hard rejection and reversal pattern. The sell-off from 160.200 dropped nearly 600 pips in 8 hours. This was followed by a meandering pullback toward the previous candle close high of around 158.400, which ended in another massive drop to 153.100. We then had a final bear push just below the breakout level of 152.000. We can read this a couple of ways, the first is that this is our re-test of the breakout area as I expected two analyses ago where I expected a confirmation of the 152.000 area as support before making it to 160.000: However, we never tested 152.000, we went to 160.000 in rapid fashion first. Such volatility is a sign of a reversal or at least, a push below the breakout level. We have a rough double-top from the initial sell-off, then its follow-up, followed by a third push to the breakout point. We're three pushes up after the 152.000 breakout, a massive sell signal and follow-through at the 1990 Key Resistance Level of 160.400, and we've closed below the 4HR 200EMA. A similar pattern played out in October 2022 with some slight differences as seen here: October 2022 Pattern: This was the first time we touched 152.000 and had a massive sell-off, followed by the same meandering pullback to the 4HR 30EMA, which acted as a rough head-and-shoulders reversal pattern. However, the close was below the 4HR 30EMA on the pullback and above the 200EMA on the first bounce. This time, the pullback went above the 4HR 30EMA to touch the channel top and then closed below the 4HR 200EMA. That last point is a key difference. Both instances are clear reversal signals with follow-through, but the 160.000 rejection was much stronger with a close below the 4HR 200EMA. If the price comes back up to test that 200EMA and gets rejected, that's our signal to short. I would then be targeting levels below 152.000, where the price previously met resistance, which will now likely act as support. Those levels are 150.800 and 148.800. It's very possible we fall much further. But I recommend waiting for that rejection from the 4HR 200EMA and then short 1:2 Risk/Reward to those two key levels. It would be reasonable to swing 25%-50% of your position to lower levels if the price action warrants it. If the price does not get rejected at the 4HR 200EMA, we need to wait and see if the bullish pressure resumes and adjust our bias accordingly. We are still in the channel, the confirmed break below is what we need to justify getting short. 💡 Trade Idea 💡 Short Entry: 153.550 🟥 Stop Loss: 155.800 ✅ Take Profit: 149.050 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up after the 152.000 breakout to the key level of 160.400 2. Strong rejection and follow-through back down to the 152.000 level 3. This strong volatility at the end of a trend is a sign of a reversal 4. Enter a 1:2 Risk/Reward trade down to 149.050. Potentially swing some of your position lower. 5. RSI at 35.00 and below the Moving Average, supports pullback before fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Short
by TraderEngineering
3