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Usdjpysignals

USDJPY | New perspectiveIt is going to be a busy week as eyes remain fixed on Non-farm payroll. Traders will also pay close attention to the ISM manufacturing report on Wednesday and the Conference Board consumer confidence reading on Tuesday which is expected to show a significant deceleration. The main economic release on Friday will be important to see if hiring remains strong. The consensus estimate for the change in nonfarm payrolls is 329K jobs, a dip from the previous 428K. All these shall have a significant impact as we should be expecting a lot of consolidation before a breakout/breakdown. From a technical perspective, I have two scenarios that we can get ready for 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 | follow-up detailsThis is a follow-up detail to my previous speculation about this pair (see link below for reference purposes). So in this video, I explained how I plan to take advantage of a buying opportunity. 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 - CURRENT SENTIMENT , FUNDAMENTAL BIAS⛔️ Today is a fairly important day for USDJPY. This is due to the release of USD CPI DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE. ⛔️ JPY FEATURE is currently on the rise. Somehow it will come back down. The main reason for this is that the MARKET SENTIMENT RISK OFF TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE stands at 0.00768 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES gives us a GREEN COLOR. So I'm trying to be a bit of a HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly DOWN SIDE BIAS. BONDS SPREADS are GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. ⛔️ USDJPY PRICE can be REJECT at 134.47 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. Due to US PCE DATA coming today, some changes may occur in USDJPY. ⛔️ USDJPY PRICE can go to 134.47 LEVEL. However, if the TREND LINE is BREAK, the USDJPY price may fall to 121.269 LEVEL.
by benny_marshall
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS- Today is a fairly important day for USDJPY. This is due to the release of USD PCE DATA. So it's a very HIGH IMPACT NEWS. We need to be vigilant about that. Currently, the USPJPY is being hit hardest by the JPY. This is because some of the things that JAPAN issues are DATA and UPDATES are somewhat NEGATIVE. - JPY FEATURE is currently on the rise. Somehow it will come back down. The main reason for this is that the MARKET SENTIMENT RISK OFF TONE is still playing. But JPY MARKET is now CORRECTION and we see the nature of it. JPY FEATURE is at 0.00762 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future as well. But if the MARKETS RISK continues to be ON, the USDJPY price may go up further. USDJPY stands above DYNAMIC LEVELS. - Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. COMMODITIES RISK ON TONE is what gives us. So I'm trying to be a bit HIGH BEATA CURRENCIES BUY right now. Anyway VIX is getting a bit DOWN right now. Also BONDS PRICES show a slightly NEUTRAL BIAS. But BONDS SPREADS are getting GREEN. MARKET currently has a MARKET ENVIRONMENT with a NEUTRAL BIAS close to RISK ON. - USDJPY PRICE can be REJECT at 134.47 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. USDJPY may change due to US PCE DATA due today. - USDJPY PRICE can go to 134.47 LEVEL. Before that maybe a RETRACEMENT to 127.48 LEVEL can come up on the TREND LINE. However, if the TREND LINE is BREAK, the USDJPY price may fall to 121.269 LEVEL.
by benny_marshall
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
USDJPY Testing a 20 year Resistance. Major Bull Cycle if broken!The USDJPY pair has been on the strongest multi-week rise in March-April since the November-December 2016 rally. By doing so, it reached the 125.00 level for the first time since August 2015, which was exactly when the China economic growth slowdown worries hit the market. In fact, the 124.200 - 126.000 band is a Resistance Zone that is holding for almost 20 years! Right now the pair is rising amid the Ukraine - Russia war. A break above 126.00 should be enough to maintain the bullish momentum all the way to the January 2002 High of 135.100. Depending on the buy accumulation that could be achieved upon break-out, we may even see within 2-3 years a historic test of the 147.600 High of August 1998. After all, the multi-year pattern seems to be a giant Inverse Head and Shoulders formation, that is a technical pattern typically found on market bottoms and starts a bullish trend. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
USDJPY - FURTHER JPY WILL STRONG OR NOT ? WHAT'S GOING ON UJ? ⛔️ ISM MANUFACTURING PMI and US LABOR DATA are due to be released today for the US dollar. These are the most important ECONOMIC INDICATORS and these are the HIGH VOLATILIE INDICATORS. This data is very important for USDJPY today. Also, despite the high impact news for JPY being lost this week, the Japanese YEN is following the market sentiment. ⛔️ JPY FEATURE is currently on the rise. The main reason for this is that the MARKET SENTIMENT is becoming RISK OFF. JPY MARKET Now we see the nature of CORRECTION. JPY FEATURE stands at 0.0081 LEVEL. According to the JPY ECONOMIC PROJECTION, JPY can be WEAK in the future. But if the MARKETS RISK OFF continues, the USDJPY price may fall further. USDJPY stays on DYNAMIC LEVELS. ⛔️ Currently the OVERALL MARKET is RISK ON. Also the STOKES are turning a bit GREEN. VIX is getting a bit DOWN. Also COMMODITIES still shows a DOWN SIDE BIAS. Currently there is a NEUTRAL BIAS on the market side. ⛔️ USDJPY PRICE can be REJECT from 124.180 LEVEL. For VOLATILITY UP, and JPY FEATURE UP. The NFP DATA to be released today is very important and can have a huge impact on the USDJPY. ⛔️ Before the USDJPY PRICE goes to 118.388 LEVEL maybe a RETRACEMENT will come to 124.180 LEVEL. Then the USDJPY price can come down by breaking the TREND LINE. It is very important if the markets are to be RISK OFF.
by benny_marshall
USDJPY targeting 120.000 based on this recurring pattern.The USDJPY pair is on a strong bullish break-out this week, having recorded an absolute 5 day green 1D candle streak. The 1D MA50 (blue trend-line) is supporting while the 1D RSI is about to break the Lower Highs trend-line started on October 20 2021. Last time the 1D RSI broke above a similar Lower Highs trend-line, was in September 23 2021. Interestingly enough, it was coming out of a similar Channel Down (green pattern), which was the accumulation phase after a larger Channel Up (blue pattern). The pair then started an aggressive rally that reached the 3.0 Fibonacci extension level before pulling back. Right now, we are in an identical sequence of patterns (blue Channel Up succeeded by the green Channel Down), with the price breaking this week above the Channel Down. The 3.0 Fibonacci extension is just above the 120.000 mark and that should be the buyers' target, especially after confirmation break-out of the RSI above its Lower Highs trend-line. -------------------------------------------------------------------------------------------------------- Please like, subscribe and share your ideas and charts with the community! --------------------------------------------------------------------------------------------------------
Long
by TradingShot
6
USDJPY | Still in downtrend.If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofprofile
1
USDJPY | Might get an impulse to the upside.If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by maxprofprofile
USDJPY Trade the break-outUSDJPY is on the strongest possible consolidation ahead of the Fed Rate Decision as it is trading sideways within the 4H MA50 (blue trend-line) and the 4H MA200 (orange trend-line). As you see on the chart, it is within a wider sideways Rectangle pattern that is unique in the sense that last time a similar structure took place in November, the break-outs targeted the 1.618 and -0.618 Fibonacci extension respectively. As a result, if the price closes above the pattern, our target will be 114.500 (the 1.618 Fib) while if it closes below, our target will be 112.500 (the -0.618 Fib). -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
by TradingShot
1
USDJPY | Perspective for the new weekAs the Greenback appear to begin on a positive note during the initial hours of the Tokyo session today, the US inflation concerns ahead of this week’s US Consumer Price Index (CPI) is likely to be a major determinant on this pair. However, the strong bearish engulfing candle that thwarted buying momentum on the 29th of Nov 2021, sends a wave of caution as any selling opportunity can only be confirmed if we have either a rejection of the broken bullish trendline or an outright breakdown/retest of JY112.800 within the week. Tendency: Downtrend (Bearish) Structure: Breakdown | Supply & Demand | Trendline Observation: i. Since mid September 2021, the USD recorded 5.85% growth against the Yen to initiate an uptrend momentum. ii. But after testing JY115.500 on the 24th of November 2021, we witnessed a sharp decline which broke the Bullish Trendline to the downside insinuating a possible reversal or retracement of Impulse leg (check weekly chart). iii. During the course of last week trading session, I observed that the price broke and closed below the key level @ JY112.800 a couple of times and this gives me an impression that the sellers are gaining momentum at this juncture. iv. Patience is hereby required at this point as the early hours/days of the new week might see a price climb to test the new supply level identified on the chart around JY113.750/114.500 to incite further decline. v. In case the price does not climb and we witness a Breakdown of the Demand level which has held price "supported" since September 2021; then we can prepare a sell position with the key level @ JY112.800 as a yardstick... Trade consciously!😊 Trading plan: SELL confirmation with a minimum potential profit of 200 pips. Risk/Reward : 1:4 Potential Duration: 7 to 15days NB: This speculation might be considered to make individual decisions on the lower timeframe. Watch this space for updates as price action is been monitored. 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.
Short
by darcsherry
USDJPY got rejected on a 5 year Resistance.The pair hit on October 20 the 114.710 level, which is a Resistance holding since March 2017. The Channel Up pattern that led to that Resistance level is similar to that of 2018. Technically a break of the 1D MA50 (blue trend-line) should initiate a reversal process with a first stop the 105.000 Symmetrical Support. -------------------------------------------------------------------------------------------------------- ** Please support this idea with your likes and comments, it is the best way to keep it relevant and support me. ** --------------------------------------------------------------------------------------------------------
Short
by TradingShot
3