USDJPY: Multiple Time Frame Analysis & Bullish Outlook 🇺🇸🇯🇵
USDJPY nicely respected a recently broken horizontal resistance.
After its test, the price formed a double bottom formation
and violated a resistance line of a bullish flag pattern on an hourly time frame then.
We may expect a further bullish continuation next week.
Goals: 150.687 / 150.864
❤️Please, support my work with like, thank you!❤️
Usdjpysignals
USDJPY Bullish within a Double Channel UpThe USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows.
The 1D RSI indicates that we might be in a similar spot as May 22 2023 of the previous Bullish Leg of the Megaphone, a structure that peaked on the 1.786 Fibonacci extension level on the Higher Highs trend-line. Before pursuing that target though (161.900 = 1.786 Fib), we will settle for the top of the blue Channel Up at 154.000.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USDJPY Day Analysis | Sell SetupHello 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.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
USDJPY | Perspective for the new week | Follow-upExplore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy.
However, amidst this positive momentum, factors such as heightened conflicts in the Middle East are fostering cautious sentiment among investors. The Japanese Yen, drawing in some buying potential, cannot be overlooked. Additionally, the Bank of Japan's recent hawkish stance signals potential shifts away from extensive stimulus and negative short-term interest rates, potentially providing support to the Yen.
As we navigate these intricate market dynamics, this video serves as your guide, offering insights on how to plan your positions strategically for the upcoming week.
USDJPY Technical Analysis:
As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.500. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead.
Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together.
Wishing you success as you navigate the USDJPY market this week!
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Bullish or bearish signs build in USD/JPY? Bullish or bearish signs build in USD/JPY?
The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023.
The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be eyed with caution and uncertainty. The Yen faced is facing pressure due to dovish remarks from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida, where he emphasized a gradual approach to policy tightening.
On the other side of the trade, unexpected selling pressure might find defence around 148.300. Further downturns below this technical support may bring attention to 147.800, followed by 146.00. Notably, economists at ANZ Bank anticipate a near-term recovery for the JPY against the USD, projecting the USD/JPY to trade within the range of 146 to 148.50. A substantial decline to 136.00 is then envisaged by the end of 2024.
USDJPY | Perspective for the new week | Follow-upUSD/JPY appears to encounter resistance around 148.80 over the last three days, with fading bets on a Fed rate cut. While bullish sentiments persist, the bulls take a breather, gearing up for potential momentum next week, pending the Bank of Japan's (BoJ) monetary policy hints.
On the USD front, resilience continues fueled by recovering US yields and positive University of Michigan (UoM) Consumer Sentiment data, providing the Greenback an additional boost. Eyes are on December's Personal Consumption Expenditures (PCE) figures, the Fed's preferred gauge of inflation, influencing market bets for upcoming decisions. Despite some easing in dovish expectations this week, the odds of cuts in March and May, according to the CME FedWatch Tool, remain at around 50% and 45%, respectively.
USDJPY Technical Analysis:
As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.800. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead.
Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together.
Wishing you success as you navigate the USDJPY market this week!
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USDJPY Bearish reversal towards the 1W MA50The USDJPY pair eventually took the bearish path last time we made a trading plan (November 28 2023, see chart below) and hit the 143.550 Target:
The price has now made a short-term (at least) top as the 1D RSI got rejected near the 70.00 Overbought barrier. As a result we are expecting a reversal towards at least the 1W MA5 (red trend-line), which has been the long-term Support as it formed the bottoms (and subsequent rebounds) of December 28 and July 14 2023. As a result our Target is 143.000, even though the downtrend may very well extend as low as the Higher Lows trend-line.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USDJPY | Perspective for the new week | Follow-upExplore the unfolding story of USDJPY in our latest technical analysis! Japan's Current Account growth fell short of expectations, printing at ¥1,925.6 billion in November. Despite markets anticipating ¥2,385.1 billion, the actual figure raised concerns. With expectations of the BoJ maintaining its ultra-dovish stance, we analyze how this might impact the JPY's upside potential.
The upcoming week brings Japan's Producer Price Index (PPI) figures for December, adding a layer of anticipation. Meanwhile, across the Pacific, the US Producer Price Index for final demand dipped 0.1% in the last month. This decline, coupled with service prices remaining unchanged, has heightened expectations of lower inflation in the future. Traders are now factoring in a 79% chance of a March rate cut, up from 73% on Thursday, according to the CME Group's FedWatch Tool.
USDJPY Technical Analysis:
As highlighted in the video, the recent upward pressure is beginning to ease, and the odds of USD pulling back further still exist. However, only persistent trading above 144.800 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current bullish market structure. Our primary focus is within the key zone of 144.000/144.800, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as continued buying pressure above this zone could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USD/JPY: Retests to kill momentum? USD/JPY: Retests to kill momentum?
The USD/JPY experienced a notable surge from 144.50 as the week commenced, surpassing the 61.8% retracement level from the November-December downturn. It breached its 100-day MA, demonstrating a one-way move that resulted in a gain of 400 pips. Since the beginning of the year, the yen has incurred a loss exceeding 4%.
Presently, the currency pair stands at a six-week high, propelled by a rally in the dollar following comments from Federal Reserve Governor Christopher Waller. His remarks tempered expectations of a rate cut in March.
The immediate obstacle to further upward movement lies in a retest of 149.700, followed by the crucial threshold of 150.00.
Today's release of consumer inflation data from Japan is anticipated to provide additional indications of easing price pressures and will be crucial in determining how well the pair performs against the noted resistance levels that are in its sights, or how well the 100-day MA holds up as a level of support.
USDJPY SELL RESISTANCE ZONE HERE !!!Hello Traders
hop so you are all gr8 and living a happy healthy life its Monday and we can see with opening markets $ is showing some strength which is temporary friend we had posted a bigger TF on Daily which is attached in with chart Friends we can see a retrace is creating a Double Top and showing a trend line moving to north but its going rejection here soon lets see what market brings share ur thoughts on this pair USDJPY
it help alote of traders community .............
UsdJpy- Resumption of the up trend (Long term view)After experiencing a prolonged uptrend in 2023, during which it gained 3000 pips, the mid-November period marked the beginning of a correction for $FX:USDJPY. Over the next six weeks, the pair dropped by 1000 pips, reaching a significant psychological level of 140.
The decline observed from December, however, formed a steep falling wedge, suggesting the potential for a reversal. This reversal indeed occurred as the new year commenced, with the pair breaking above the resistance of the pattern on January 2nd. Subsequent to this breakthrough, the market witnessed consecutive green days, and USDJPY successfully surpassed the crucial technical zone of 143.50-144.
In the past week, the pair consolidated its recent gains and stabilized around the 145 region. The overall long-term trend remains bullish, and the recent low at 140 could signify the conclusion of the correction. In such a scenario, there is the potential for the pair to resume its upward movement, surpassing the recent high of 151.50, and achieving new highs in the coming months.
My bullish sentiment persists as long as the pair remains above 143.
USDJPY → Descending Wedge Bullish Pattern! Should We Long Here?USDJPY is forming a descending wedge pattern signaling bullish sentiment and setting us up for a long position. Are we in a position to short now?
How do we trade this? 🤔
We have the wicks! But we need confirmation. We've had three pushes down that include two large wicks and some nice bullish price action that followed. What we need now is a push and a close above the Daily 30EMA to confirm the move up. These conditions will give us enough probability to enter a long.
I'm playing this trade conservatively because we do have a few items working against us:
1. Lack of a Higher High
2. The Former Support Zone could act as a resistance
3. The Daily 200EMA is right above that former Support Zone (now Resistance).
That being said, we have a setup for a long scalp and if we size our position properly, this is a good opportunity to grab some market movement.
💡 Trade Idea 💡
Long Entry: 142.200
🟥 Stop Loss: 140.000
✅ Take Profit: 144.400
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Descending Wedge after Extensive Bear Run. Bias to Long.
2. Last three touches of Support had Strong Wicks. Bias to Long.
3. Look for break above 30EMA followed by Test of Support.
4. Enter 1:1 Long Scalp with Confirmation
5. RSI at 41.00 and above Moving Average. Bias to Long.
💰 Trading Tip 💰
Descending Wedges signal an increased probability of a trend reversal. Combined with strong buy bars (candles with large wicks on the bottom), creates conditions where a reversal trade is reasonable.
⚠️ 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 comment if you found this analysis useful!
UsdJpy- Is this correction over?Recently, I mentioned that USD/JPY might decline from above the 150 mark to test the 147 support or even the crucial 145 level. However, let's not deceive ourselves— the trend for USD/JPY remains extremely bullish. Even if there's a correction of around 500 pips, it's merely a temporary setback, and, from a fundamental standpoint, nothing is changed to indicate a reversal.
Technically, as illustrated in the chart, the recent decline is confined within a falling wedge, a pattern that typically signals a resumption of an upward trend. As previously discussed, the 145 zone serves as a robust floor for the pair. In the event of a drop to that level, traders might consider buying with a risk-reward ratio of at least 1:5.
Alternatively, a daily close above 147.50-147.70 would indicate that the recent low of 146.20 is the bottom, and the pair could reverse direction without testing the significant support level.
In conclusion, from the perspective of a swing trader, the focus should be on identifying buying opportunities in the market.
USDJPY BUY ON DIPS !!! HELLO TRADERS
As i can see this pair has reached at support zone !!!! and i am trying to scalp some pips on this trade charts are crystal clear on Risk Reward ratio % have look on other newly updated trades so u can judge market next moves its just and trade idea share ur thoughts with us we appreciate ur love and comments and happy to answer you
USDJPY Bullish above the 1D MA100, bearish below it.The USDJPY pair has been trading within a Channel Up since the March 08 High, giving us numerous opportunities to buy low and sell high (see chart below):
Supported by the 1D MA100 (green trend-line) since April 17, the price is now within that and the 1D MA50 (blue trend-line) which has previously been the most optimal buy level within the Channel Up. Considering also the fact that the 1D CCI bottomed and bounced on November 21 on the -200.00 level, which has been the ultimate buy signal since the start of the year, the bullish sentiment is higher than ever.
As long as the 1D MA100 holds, we will be bullish, targeting 154.000, which represents a +4.83% rise from the bottom, the minimum % rise within this pattern. If the price action closes a 1D candle below the 1D MA100, we will take the buy's loss and instead sell the break-out, targeting a potential contact with the 1D MA200 (orange trend-line) at 143.550.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
UsdJpy- New leg down after correction?As I explained in my previous post, UsdJpy could accelerate its decline and test 3 October's low.
After this anticipated drop, the pair started to correct to the upside and now it's approaching an important sell zone.
I'm looking to fade rallies around 149.50 for a new leg down.
A close above 150 zone would negate this scenario
USDJPY and USDCAD Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY Short-term buy signalThe USDJPY pair hit our early September target (see chart below) of 150.00, extending the bullish trend within the long-term Channel Up:
The price remains above the 1D MA50 (blue trend-line) since July 31 and the bullish flag formed on the 1D RSI indicates that we will have another short-term bullish leg towards the top (Higher Highs trend-line) of the Channel Up. We targeting 153.000 (+3.95% rise from the recent Low, similar to the previous leg).
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇
USDJPY possible entry opportunity Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY | Perspective for the new week | Follow-upThings are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket.
Let's dive into the numbers—brace yourself for some impressive stats. The Producer Price Index (PPI) recently flexed its muscles, growing by 1.5% YoY. That's a notable leap from the prior reading of 0.8%, and it's left expectations trailing in the dust. Meanwhile, Retail Sales in August defied predictions, surging by 0.6% MoM, way above the estimated 0.2%. Not to be outdone, the US Department of Labor shared some encouraging news: weekly Initial Jobless Claims stood at a mere 220,000, down from 217,000, comfortably beating market consensus pegged at 225,000. These numbers collectively paint a picture of a resilient US economy and a notable rebound in inflation throughout August.
But here's the twist—the Federal Reserve (Fed) doesn't seem swayed by these developments. Market key player suggests that the Fed is likely to keep its interest rates steady at the upcoming meeting. In the background, the Fed's steadfast hawkish stance continues to give a nod to US bond yields and fortify the US Dollar's position—for now.
Now, let's pivot to the Japanese Yen's corner, where the plot thickens. The Bank of Japan (BoJ) has made its stance clear: they're not considering an exit from their ultra-easy policy unless wage and inflation data play ball. This leaves the JPY exposed to the maneuvers of its global rivals.
As we gear up for the upcoming week, we're bracing for a series of pivotal economic events, including the highly anticipated interest rate decisions from both sides of the Pacific. Stay tuned for the analysis that'll keep you ahead of the forex curve!
USDJPY Technical Analysis:
As highlighted in the video, the recent mild downward pressure is beginning to ease, and the odds of USD pulling back further have diminished. However, only a clear break of 147.950 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is within the key zone of 147.950, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as buyers continue to knock this ceiling and a breakout/retest could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
UsdJpy could drop and test 145 supportYesterday, UsdJpy opened with a gap of almost 100 pips.
After a low at 146, the pair started to rise, and looks like it wants to fill this gap.
Last week of trading UsdJpy consolidated and considering yesterday's open, a correction could be next.
In my opinion, rallies around 147.50 should be sold and, considering a stop loss above the recent high, a 1:3 risk:reward trade could be achieved if the pair drops to support
USDJPY | Perspective for the new week | Follow-upIn a fresh turn of events, USDJPY surged to new intraday highs on Friday, but the question remains: Can it sustain its four-week uptrend? Meanwhile, Japan's economic output hit levels above full capacity in April-June for the first time in nearly four years, raising questions about the possibility of a shift in ultra-low interest rate policy.
Adding to the intrigue, Japan’s Finance Minister, Shunichi Suzuki, weighed in on Friday, emphasizing the undesirability of sudden FX movements and asserting that Forex rates should be influenced by market conditions and fundamental factors.
On the flip side, wage growth in the U.S. is showing signs of slowing down, adding a layer of complexity to the job market. These mixed signals are fueling uncertainty about the Federal Reserve's forthcoming interest-rate decision, scheduled for September 20th. Fed Chair Jerome Powell's recent remarks at the Jackson Hole Symposium underscored the importance of incoming data, particularly in the context of the evolving relationship between inflation and employment.
So, as we look ahead, what does the coming week hold in store for USDJPY?
USDJPY Technical Analysis:
In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is still within the key zone of 144. 600 and 146.600 zone, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that has led to choppy consolidation before a clear direction emerges. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
USDJPY One last rally before a correction.It's been almost 2 months since we looked into the USDJPY pair (see chart below) and our buy position right at the bottom of the Channel Up that easily hit its 144.500 target:
The pattern is still holding and the price appears to be starting the final upward leg before it tests the top (Higher Highs trend-line) of the pattern. As a result, as long as the 1D MA50 is holding, we are bullish targeting 150.000 (top of Channel Up). If the 1D MA50 breaks, we will short-term sell towards the 1D MA100 (green trend-line). If the price closes below the 1D MA100, we will consider it a pattern bearish break-out and sell targeting the 1D MA200 (orange trend-line) and Support 3 at 138.100.
-------------------------------------------------------------------------------
** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! **
-------------------------------------------------------------------------------
💸💸💸💸💸💸
👇 👇 👇 👇 👇 👇