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Usdjpysignals

USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar. The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications of a weakening labor market in the US, the release of May's consumer prices index just before the central bank officials' interest rate discussion holds significant importance. While the Japanese Yen struggles to gain an advantage, investors anticipate that the Bank of Japan (BoJ) Governor Kazuo Ueda will maintain the current policy. Governor Ueda has consistently emphasized the necessity of monetary stimulus to maintain inflation above 2%, primarily through increased wages and robust household demand. During the video, I detailed the USDJPY's bullish and bearish sentiment, focusing on price action-based technical analysis. We identify key Support and Resistance Levels in the 4-hour timeframe to identify potential trading opportunities. Notably, highlighted a robust demand zone around the 138.800 area that has consistently counteracted selling pressure in recent weeks, indicating the strength of buyers at this level. This zone may play a crucial role in determining the direction of price action in the upcoming week. Stay tuned to this channel, follow our updates, and engage in the comment section to stay informed about further developments. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY Analysis: New Week Perspective and Follow-Up DetailsThe U.S. Dollar was steady amidst the debt ceiling impasse while the Japanese Yen recorded a significant drop making it among the worst-performing Asian currencies in the previous week. Softer-than-expected Tokyo inflation data on Friday spurred more expectations that the Bank of Japan will hold off on tightening policy this year, although the reading was still well above the BOJ’s 2% annual target. Is the current market structure mature for profit-taking activities despite the stronger-than-expected consumer spending in April which is generally seen as an excuse for the Federal Reserve to hike interest rates again in June? In this video, our technical dissection identified a simple setup that can aid us in making informed trading decisions ahead of the new week. 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.
by darcsherry
2
USDJPY broke above a 6-month Resistance level.The USDJPY pair gave us the buy entry we wanted last time (see chart below) almost 2 months ago and we took a successful trade: Right now it is above the 138.210 level, a Resistance that was in effect since December 01 2022. This is a short-term bullish break-out call, so we turn bullish again targeting Resistance Zone 1 at 142.000, which also happens to be the top of the 6-month Channel Up. After this leg is completed, we will short at least as low as the 1D MA50 (blue trend-line), targeting an internal Higher Lows trend-line at 137.000. On the other hand, if the price breaks below that Higher Lows line first, we will sell the break-out and target the bottom of the Channel Up at 132.000. If selling escalates further and we the pair closes a 1D candle below the Channel Up, we will take a new sell targeting the January 05 2021 Higher Lows trend-line at 126.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
6
20 Reasons for BUY USDJPY🔆MULTI-TIME FRAME TOP-DOWN ANALYSIS OVERVIEW☀️ 1:✨Eagle eye: The yearly structure remains bearish, but there was a significant shift in price behavior last year, transitioning from bearish to bullish. This shift was accompanied by heavy volumes and a strong internal breakout. Currently, prices are trading within the range of the last yearly move, indicating a bullish to sideways zone. 2:📆Monthly: The overall trend is bullish, and there is an inducement and reversal formation taking place. Prices are currently filling the last bearish fvg area and heading towards an extreme order block, which could act as a trigger event. 3:📅Weekly: There has been a change in price direction, with a bullish sentiment prevailing. The inducement signal is present, and there are no significant resistances on the upside yet, suggesting that prices may continue to move higher. 4:🕛Daily: A valid breakout of the structure has occurred with heavy volume, indicating a shift in market dynamics. However, prices are still consolidating within the breakout zone, and a short correction followed by a bullish continuation move is expected. 😇7 Dimension analysis 🟢 analysis time frame: Daily 5: 1 Price Structure: The overall structure is bullish, with a breakout followed by a buildup formation. 6: 2 Pattern Candle Chart: There was a breakout from a double top formation or a narrow range pattern. 7: 3 Volume: There was significant volume at the breakout, confirming the strength of the move. 8: 4 Momentum UNCONVENTIONAL Rsi: The RSI has shifted from sideways to bullish range, indicating a bullish momentum. 9: 5 Volatility measure Bollinger bands: Prices are walking along the Bollinger Bands, displaying bullish volatility. 10: 6 Strength ADX: The ADX indicates bullish strength in the market. 11: 7 Sentiment ROC: USD is stronger than JPY based on the rate of change. ✔️ Entry Time Frame: H1 12: Entry TF Structure: The H1 timeframe shows a bearish to bullish Choch pattern, which signals an upside breakout impact. 13: Entry Move: Enter the market impulsively. 14: Support Resistance Base: Consider the CIP (Critical Intraday Pivot) and wait for confirmation. 15: FIB: The trendline breakout can serve as a trigger event. ☑️ final comments: Buy 16: 💡decision: Buy 17: 🚀Entry: 138.759 18: ✋Stop Loss: 137.367 19: 🎯Take Profit: 142 20: 😊Risk to Reward Ratio: 1:4 🕛 Expected Duration: 15 days
Long
by Optimum369
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 the JPY starting to weaken and the short-term POSITIVE SENTIMENT against the dollar. It came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 137.91 LEVEL. Anyway, USDJPY price can go down to 129.52 level before that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY | Perspective for the new week | follow-up detailsThe Japanese Yen advanced during the most part of the previous week, capitalizing on sustained weakness in the US Dollar as markets bet on a Fed Reserve's hint on a potential pause in the Federal Reserve’s rate hike cycle making it one of the viable safe-havens. However, the employment expansion in April was 73,000 beyond expectations, moving the jobless rate a notch lower to 3.4% from a previous 3.5% and making it difficult for the Fed to consider stopping raising interest rates. In this regard, the Greenback may likely capitalize on this theory to gain some traction in the coming week(s). From a technical standpoint, this video highlighted the chances both sellers and buyers have from the current market condition(s) in the coming week(s). 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.
by darcsherry
USDJPY | Perspective for the new week | follow-up detailsThe Yen rose 0.3%, as Japan's core consumer price index inflation remained steady in March from the prior month, at 3.1% hereby confirming that inflation still remained above the BOJ’s 2% annual target and with a series of high-impact macroeconomic events from the Japanese docket in the coming week, we could have some prominent price movement ahead and post the events. Events unfolding from the US docket, especially from Fed officials; insinuates that US interest rates will likely rise further even as economic activity cools. This video illustrates the technicality surrounding price action in the last couple of weeks for an insight into the possibilities of both buyers and sellers in this market in the coming week(s). 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.
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsThough within a range, the US dollar was able to incite bullish traction last week as the 131.000 level remains a zone for buying power and a strength for the Dollar is likely following the Federal Reserve Governor Christopher Waller's comment on more monetary tightening despite evidence of a steady drop in inflation figures. Higher interest rates tend to benefit the dollar and this could incite a bullish trend in the coming week(s) which could lead to the break of the 133.800 barrier. From a technical standpoint, this video illustrates what we are going to be looking at in the coming week to either buy or sell the USDJPY. 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.
by darcsherry
USDJPY | Perspective for the new week | follow-up detailsWith the appearance of a potential reversal pattern in the 4H timeframe; I am of the opinion that the USDJPY pair seems poised to register weekly gains for the first time in a couple of weeks. And to further buttress this is the fundamental indicator from data showing a sudden rise in the US jobless claims hereby indicating a cool effect in the labor market. With this reading, the sentiment in the market remains "hopeful" as key players expect there could be limited headroom to keep raising interest rates, especially in the face of a potential banking crisis. In this video, we took a technical dissection of the current market structure to weigh in on the potential trading opportunity for the coming week(s). 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.
by darcsherry
USDJPY Reached our target. Critical move ahead.The USDJPY pair hit the sell target we set on our February 28 analysis as it got rejected on the 138.210 Resistance and dropped back to the (dashed) Higher Lows trend-line: As long as this trend-line holds, it is more likely to see one more rebound first to the 1D MA50 (blue trend-line) for short-term traders and then to the 1D MA200 (orange trend-line) for medium-term traders. A closing (1D candle) below the dashed trend-line, will be a sell break-out signal for us and we will take the small loss on the buy and target instead the January 05 2021 Higher Lows trend-line. Similarly, a closing (1D candle) above the 138.210 Resistance will be a buy break-out signal, targeting Resistance Zone 1. Notice the 1D RSI being on a Higher Lows trend-line of itself. A rebound or break below it respectively enhances the probabilities of buy and sell trades respectively. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
USDJPY | Perspective for the new week | follow-up detailsIt was a rollercoaster of buys and sells during the course of last week's trade session as price action traded around the key level identified around the 131.000 level to emphasize a level of indecision in the market. Japan CPI inflation dips from over 40-year highs in Feb and the reading was at its lowest level since September 2022 but was still well above the BoJ's annual target of 2%. Readings came in at 3.3% down from 4.3% in the prior month... Next week is coming with a couple of fundamental activities that will bring some liquidity to the market; from the BoJ governor's press conference about monetary policies in Tokyo to the GDP data from the US docket. In this video, we technically analyzed the market structure with the intent of identifying potential trading opportunities in the coming week(s). 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.
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsThe crisis in the US banking sector last week lured market participants into a safe haven in the Yen as the US dollar showed signs of losing momentum. Following this development; the Yen closed the week with approximately 3% gain against the dollar. Heading into the new week, the Greenback doesn't seem popular at this moment as the call for rewidening the Fed's balance sheet grows stronger and we can not ignore the upcoming Federal Reserve decision which will trigger a risk-aversed perspective. 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.
by darcsherry
2
USDJPY | Perspective for the new week | follow-up detailsFollowing a profitable week, price action is at a critical juncture in the market where both a bullish and bearish momentum could be triggered in the new week. The new week is laced with a series of macroeconomic events; so we shall be focusing on the fundamental event for signals to make an informed decision. BoJ Monetary Policy Meeting Minutes - its first following Governor Kuroda’s departure is going to be closely watched and from the US docket, the monthly inflation report coming up this week is also an event to look forward to. In this video, we dissected the current market structure from a technical standpoint in other to take a position ahead of the new week. 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.
by darcsherry
8