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Usdjpytrade

USDJPY possible sell zoneCurrency Pair : USDJPY Possible direction : Bearish Technical Analysis : After a strong breakdown on the daily ( strongly influenced by JPY strength) USDJPY currently forming a symmetrical triangle which may break to the downside again as this may continue to trend to the downside to test the long term order block. From higher timeframe we can see possible downward move and, therefore, this price may continue to drop after liquidity grab from short term resistance zone. Fundamental : Silicon Valley Bank collapsed has given safe heaven JPY strong boost. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
USDJPY possible drop to monthly supportCurrency Pair : USDJPY Possible direction : Bearish Technical Analysis : After a daily middle mand last day of trading week, today market open with strong week less candle and price has broken down with strong impulse from long consolidation. From Monthly perspective, there is rejection from monthly resistance level and highly likely price will test the monthly support zone. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01
1
USDJPY Trading Plan - 8/Feb/2023Hello Traders, Hope you all are doing good!! I expect USDJPY to go Down after finishing this correction. Look for your SELL setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Short
by For3xScalper
2
USDJPY Rising To Short ZonesAfter riding USDJPY down on continued and growing weak sentiment we are seeing a move to the upside. This comes after NFP News on Friday and USD strength VS JPY. So It becomes your job to RE plan where you would like to RE sell in the market and what makes sense to you. Exit any longs taken for gains on the push up. Risk Averse SZ is shown, any longs will come on Dip/Bounces. PS More advanced can lightly short now for early gains. Trade Small And Trade Safe.
by WillSebastian
4
The USDJPY achieves new gains – AnalysisThe USDJPY pair rallied upwards yesterday to breach the bearish channel’s resistance and settles above it, to hint the attempt to recover on the intraday basis, but we notice that stochastic shows clear negative signals that put the price under negative pressure now, to face contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend. Note that continuing the rise and breaching 133.30 will lead the price to turn to the bullish trend and achieve gains that start at 134.50, while breaking 131.75 support will push the price back to the bearish track to head towards visiting 128.90 on the near term basis. The expected trading range for today is between 131.30 support and 132.30 resistance The expected trend for today: Neutral
by eltonmorningstar
1
USDJPY Trading The ReboundThe USDJPY Rally Previously Provides a great insight into future moves for the same asset. It does not make sense to act differently and if you act in the same way that made money previously (we went over this when we called it 10%+ Short) you shall be a solvent and profitable trader. In short, market sentiment always changes eventually. Today, tomorrow next week next month does not matter it is an inevitably it just varies in the time it takes and the picture of oscillation becomes natural. trade small and trade safe as always
Long
by WillSebastian
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for EUR was slightly UP SIDE. The main reason for that is that the dollar is starting to weaken quite a bit. The dollar has strengthened after the December FOMC. All MARKETS including STOCKS and COMMODITIES are going down slightly due to the OFF of MARKET RISK. With the arrival of FED UPDATES POSITIVE USD BUY again. So JPY went down automatically in previous days. But the UPDATES of BANK OF JAPAN are quite - There is definitely a high chance that USDJPY will go UP a bit more and move to 142.35 LEVEL. Anyway, USDJPY price can go down to 130.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall