Usdjpytrade
USDJPY top-down analysisHello 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 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.
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.
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
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
USDJPY top-down analysisHello 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 top-down analysisHello 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 - 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.
USDJPY Potential Buy setup-Overall, Price is trending upwards
-Break and retest on Daily/Weekly structure
-4H double bottom and also on the uptrend
- What I am waiting now is the pull back on (140.600) 4H Structure
- Wait for confirmation entry (strong rejection or engulfing) on 30M or 1H or even 15M
Targets;
142.400
145.300
150.000
USDJPY and the first floor..As we looked previously to the current support as an exit are / Light long and hedges we can reflect on the WHY...
The reason why you see bounces RE occur is because these are prices where the market has retained memory.
The memory you can see in the market must be a reference for future zones to trade from as it is the ONLY fact you can see visibly on the screen,
The rest of the picture is made up by other factors but this is one you must spend time to nail down.
Look very lightly long.