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USDJPY: Slowing Momentum & Your Trading Plan 🇺🇸🇯🇵 I guess that it is obvious that USDJPY is bullish. However, analysing the price action, we can spot a slowing momentum: after a sharp bullish impulse, the market started to grow within a rising wedge pattern - a classic reversal pattern. Its support breakout will be a strong bearish signal. Wait for a 4H candle close below its boundary as a confirmation. Sell aggressively or on a retest then. Target will be - 143.44 ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
2
Exciting News! Yen Hits a New 7-Month Low Against the Dollar 🚀 The USD/JPY forex pair is currently on fire, and the low volatility in this trading duo presents us with an incredible opportunity to maximize our profits. This is the perfect time to jump into the action and ride the wave of success! Why should you be thrilled about this news? Well, let me break it down for you: 1. Yen at a 7-Month Low: The Yen has reached its lowest point against the Dollar in the past seven months. This indicates a significant shift in the market dynamics, favoring the Dollar. The USD/JPY pair is ripe for exciting trading opportunities! 2. Increased Profit Potential: Low volatility in the USD/JPY pair means the price movements are relatively stable, making anticipating and capitalizing on market trends easier. We can seize this opportunity to maximize our profits with a well-informed strategy and careful analysis. 3. Favorable Trading Conditions: The current market conditions are highly advantageous for trading USD/JPY. The low volatility allows for smoother trading experiences, reduced risk, and better entry and exit points. It's like having the wind at our backs, propelling us toward success! Now, here comes the exciting part – the call to action! I encourage you to seize this golden opportunity to start trading the USD/JPY forex pair with low volatility. Here's what you need to do: 1. Conduct thorough analysis: Dive into the market charts, study the trends, and identify potential entry and exit points. Knowledge is power, and the more informed you are, the better equipped you'll be to make profitable trades. 2. Develop a solid trading strategy: Craft a well-thought-out plan that aligns with your financial goals and risk tolerance. Use technical indicators, fundamental analysis, or expert advice to enhance your process. 3. Stay updated and connected: Monitor the latest market news, economic indicators, and potential events that may impact the USD/JPY pair. Stay connected with fellow traders, share insights, and leverage the power of collective knowledge. Remember, success favors those who act. So, let's dive into the exciting world of trading USD/JPY with low volatility! Feel free to reach out if you have any questions, need assistance, or want to share your trading experiences. Just comment away!
Long
by bryandowningqln
4
Can USD/JPY rally through this 300-pip liquidity gap?Divergent monetary policies between the Fed and BOJ have allowed USD/JPY to extend its bullish trend on the daily chart. Whilst the Fed are very close to their terminal rate, they have to keep the threat of further hikes on the table to tame inflation expectations. When coupled with the ultra-easy policies of the BOJ, we've seen USD/JPY return to its cycle highs. However, the current resistance level around the November high marks the lows of a ~300-pip liquidity gap - and such areas can see prices move swiftly through them if revisited. Soft US inflation data last November sent USD/JPY aggressively lower on the day, and left the liquidity gap to potentially be filled. The question now is whether bulls can persist and send prices within it, which could see USD/JPY head for the range highs around 145. Of course, a building threat for bulls to keep in the back of their mind is that Japan's Ministry of Finance or the BOJ could become vocal about yen volatility to spook JPY bears. But until then, we prefer to buy dips on the daily chart or seek bullish continuation patterns on lower timeframes.
Long
by CityIndex
CHF JPY - FUNDAMENTAL ANALYSISAdam Cole, Chief Currency Strategist at RBC Capital Markets, has highlighted recent policy shifts from the Swiss National Bank (SNB), the persistent threat of imported inflation, and increasing levels of verbal intervention in Japan. "While the Swiss National Bank (SNB) may have let down some investors with a 25bp rate hike last week when many were hoping for a 50bp increase, it made its intentions clear: it's ready to buy CHF to provide suitable monetary conditions," says Cole. Indeed, despite a somewhat disappointing rate hike, the SNB's commitment to provide appropriate monetary conditions and willingness to buy CHF indicate a robust approach to currency management. The SNB's current focus on selling foreign currency further substantiates this view. Furthermore, the Swiss central bank's leadership recognises the benefits of CHF appreciation in the current economic climate. SNB Chair Jordan noted that the strong CHF has effectively acted as a shield against imported inflation, an increasingly prevalent issue globally. "SNB Chair Jordan revealed over the weekend that from the present perspective, monetary policy might not be tight enough to anchor price stability. He also noted that CHF appreciation has shielded Switzerland from imported inflation," Cole adds. In Japan, meanwhile, the situation is a bit more nuanced. Despite the increasing verbal interventions from officials, the strategists at RBC believe there is potential in shorting JPY at current levels. "In Japan, officials are ratcheting up their verbal interventions. Despite this, and the rising risk of intervention, RBC sees potential in shorting JPY at current levels," says Cole. The pullback in USD/JPY from Friday's highs does leave some room for maneuver. This environment, coupled with the SNB's policy stance and Switzerland's inflationary shield, has led RBC to take a bullish position on the CHF/JPY pair. As the markets continue to evolve in response to inflation, interest rate adjustments, and economic policy decisions, the perspective offered by strategists like Cole is crucial.
Long
by thunderpips
4
✨ NEW: USDJPY ✨ DT (3M/1D) ✨SLO2 @ 154.90 ⏳ -SL @ 149.00 🚫 SLO1 @ 146.50 TP1 @ 131.00 (shaving 25%) TP2 @ 117.75 (shaving 25%) TP3 @ 108.15 (shaving 25%) TP4 @ 108.15 (shaving 25%) BLO1 @ 80.60 ⏳ BLO2 @ 77.85 ⏳ TIMELINE 00:00 SHOUT OUT TO BRAD MCAFEE 00:40 FXCM Historical Data 02:05 Institutional Buying Range 02:54 Price Action 03:35 Supply Zone 04:47 Shaving at each TP 05:15 Institutional Ranges / Movement 06:38 Secondary Supply and Stop Loss 08:15 Going LONG now is an Aggressive Entry 08:50 Boost, Follow, Comment, Join WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Short
by ProfessorCEWard
🔥 MODIFICATIONS & ADD-ONs: GBPJPY...DT 🔥 POSITION TRADE 🔥🙌🏾 NO RISK TRADE MODIFICATIONS SLO3 @ 191.25 ⏳ SLO1 @ 183.75 📉 +41 pips +SL @ 183.66 🚫 +9 pips SLO2 @ 183.20 (1m) ⏳ TP1 @ 169.66 (shaving 25%) TP2 @ 157.50 (shaving 25%) TP3 @ 148.66 (shaving 25%) TP4 @ 135.00 (closing ALL Sell Orders) BLO1 @ 131.75 ⏳ BLO2 @ 123.75 ⏳ -SL @ 120.00 🚫 🤑 Our Net Equity is @ +158 pips 🚫 +SL modified to preserve capital (see above) ✍️ After Multi-timeframe analysis, on noticed a newly created Supply Zone on the 55m and the 1m chart. 📉 If Price Action (PA) pulls back (PB) up to that Supply Zone, I placed a new Sell Limit Order at the proximal of the range (see above) — the range for an entry is from 183.20 to 183.60 (55D)
Short
by ProfessorCEWard
UJI know I am not the only person seeing this now - break of larger trend - retest of the channel - lots of slowing down candles (consolidation) ∴ we can expect an impulsive candle coming. Which will either be bullish or bearish. - chances are that it will be bullish due to the average direction and momentum the market has been moving all this time. - I will set a buy stop according to more information. Which probably means I will wait for the impulsive supply and then follow that demand (in line with my trading plan) NB!!!! All moderators reading this post, should there be any problems please do inform me and teach me don't just send thousands of links. We do not trade the same as people, so we cannot be posting the same or similar things.
Long
by Mhangwane1
2
USD JPY - FUNDAMENTAL ANALYSISThe Japanese Yen (JPY) recently bounced back from its lowest point in seven months against the US Dollar (USD), following a statement from Japan's leading currency official that they are open to considering all possibilities regarding the currency. The recent depreciation of the Yen has been attributed to a policy gap between the accommodative Bank of Japan (BoJ) and foreign central banks, which are following a more aggressive monetary policy approach. Despite the potential for the US Dollar to Yen (USD/JPY) exchange rate to climb higher, the recent intervention by Japanese authorities at the 145 mark indicates that short-selling the Yen may pose significant risks. Chris Turner, ING Bank: USD/JPY's Volatile Dance Chris Turner, Global Head of Markets and Regional Head of Research for UK & CEE at ING Bank offers a perspective focused on the potential for a strong dollar to continue pushing the USD/JPY higher. "The strong dollar environment keeps USD/JPY grinding higher and approaching the 145 area, where Japanese authorities sold FX last September," says Turner. This suggests an anticipation of Japanese intervention should the USD to JPY exchange rate continue its upward trend. However, Turner also predicts potential volatility. "Over the coming month, we can see USD/JPY sharply bouncing around in a 140-145 range – suggesting that short-dated USD/JPY option volatility is priced a little too low," he adds. This indicates that while the dollar's strength could push the pair higher, market participants should also brace for possible fluctuations within a defined range. Yoshio Takahashi, Natwest: BoJ's Cautious Stance Yoshio Takahashi, Chief Japan Economist at Natwest, highlights the role of the Bank of Japan's (BoJ) policy decisions in shaping the Yen's trajectory. According to Takahashi, the board continues to voice caution about adjusting policy settings too hastily, implying a lack of confidence in the sustainability of stronger wage growth. "Multiple mentions of the possibility of 2H FY2023 inflation exceeding current expectations suggest to us that the BoJ is quite likely to upwardly revise its official projections at the July meeting," says Takahashi. This hints at the BoJ's dovish stance and the potential impact it could have on the yen. The strategist also highlights the impact of politics on the currency. "BOJ watchers will also need to be keeping at least one eye on exchange rate movements and domestic politics. Vice Minister of Finance for International Affairs Masato Kanda ramped up his yen-supportive jawboning on June 26," Takahashi adds, signalling that political interventions and verbal tactics could significantly influence the yen's position. Roberto Mialich, UniCredit: Monetary Policy Uncertainty UniCredit's FX Strategist, Roberto Mialich, underscores the influence of monetary policy uncertainty on the yen's weakness. According to Mialich, doubts about the BoJ's policy normalization this year are contributing to the yen's broad weakness. "The JPY fall is mostly due to doubts about the BoJ’s policy normalization this year. The Japanese forward curve has already moved to reflect this uncertainty," says Mialich. Looking ahead, Mialich forecasts potential for change. "We see the 19 December BoJ meeting as the one in which a first step in normalization might be announced. This might drag USD-JPY to 135," he adds. Despite the yen's current softness, Mialich sees potential for its recovery should the BoJ take steps towards policy normalization. Paul Mackel, HSBC: The Weight of Intervention and Yield Caps Turning our lens to the analysis from Paul Mackel, Global Head of FX Research at HSBC, there's an assertion of a cap on USD/JPY's growth, primarily influenced by the threat of foreign exchange intervention and the upper limit of US Treasury yields. "USD-JPY is likely to be capped by the threat of FX intervention and US Treasury yields already towards the top end of the recent trading range," says Mackel. This denotes an environment where growth in the pair could be restrained by multiple macroeconomic factors. In light of a potential policy change by the BoJ in September, Mackel maintains a cautious stance. "It is too early to play that in the JPY but the worst-performing currency in G10 FX so far this year may at least enjoy some stability in the coming weeks," he adds. His comments suggest a degree of near-term stability in the yen despite it being the underperformer among G10 currencies this year. Barclays Analysts: Rising Intervention Risks Analysts at Barclays share similar concerns regarding intervention by Japanese authorities. Their analysis also touches on the recent depreciation of the yen due to diverging monetary policy between a dovish BoJ and hawkish central banks overseas. "Recent JPY depreciation has been driven by policy divergence between a dovish BoJ and hawkish central banks overseas," Barclays analysts suggest. This perspective underscores the global forces at play influencing the yen's standing in the foreign exchange market. The forecasted rise in Tokyo's Consumer Price Index (CPI) and the recent verbal intervention also feature prominently in Barclays' outlook. "Although USDJPY could head higher still, recent intervention by the Japanese authorities around 145 makes yen shorts an increasingly dangerous proposition here," they add. This implies the possibility of a continued rise in USD/JPY, though not without associated risks owing to likely intervention. Valentin Marinov, Credit Agricole: Gauging the Intervention Risk Valentin Marinov, Head of G10 FX Strategy at Credit Agricole, presents an intriguing perspective on the interplay between the yen's value and the possibility of intervention. "Japan’s FX Tsar, Masato Kanda, has ramped up his verbal intervention in USD/JPY following the exchange rate’s move to nearly 144 late on Friday," says Marinov. His comment highlights the growing concern within Japan about the pace and magnitude of the yen's depreciation against the dollar. Marinov's forecast hinges on the valuation of USD/JPY exchange rate and the potential verbal and actual intervention by Japanese authorities. "A move towards 146 would see USD/JPY become significantly overvalued, however. USD/JPY traders should next watch for Kanda using the phrases that FX is 'clearly not reflecting fundamentals' or that movements in FX are 'clearly being excessive' or 'one side'," he adds. This insight reflects the delicate balance in the FX market and the potential triggers that might spur a more forceful response from Japanese authorities.
by thunderpips
AUDJPY - Short-Term Bullish ExpectationThis is a combined chart using the Futures contract for the Aussie and the Yen This expectation is a framework to look for a potential trading setup; I don't just execute based on these levels, I always wait for confirmations on lower timeframes This Analysis was done using my complete Strategy which includes: - Smart Money Concepts - Multi Timeframe Liquidity and Market Structure - Supply And Demand - Auction Theory - Volume Analysis - Footprint - Market Profile - Volume Profile - WYCKOFF - ETC
CME:6A1!Long
by SmartMoneySource
GJI don't know what I am doing wrong but I keep getting it wrong as moderators keep flagging my posts. The impulse upwards was an indication that the demand and the supply met each other at the right time. The blue rectangle was an indication of a area of sensitivity, the market turned just before our entry point. Therefore we missed the initial target but that's okay because they'll always be another trade. I am trying to write this as long as possible because maybe then it won't get flagged. My work and analysis is straight forward and easy to understand but clearly I need to make it complicated and full of things that are not needed. We see rejection and continuation from both sides, lots of candles, wicks left & right, up & down, sensitive zones, bear candles, bull candles, candlestick formations, channels and movements.
Long
by Mhangwane1
✨ ADD-ON: NZDJPY ✨ AGGRESSIVE SHORT (2D) ✨TIMELINE 00:00 Intro 00:52 DCA Entries, TPs, SLs 03:48 Technical Analysis for Novices 08:20 Technical Analysis for the Pros 10:55 BIG PICTURE (21D) 12:27 Boost, Follow, Comment, Join -SL @ 90.00 🚫 SLO2 @ 89.33 ⏳(21D) SLO1 @ 89.00 ⏳ (2D) SSO @ 88.33 ⏳ (2D) TP1 @ 87.80 (shaving 25%) TP2 @ 86.80 (shaving 25%) TP3 @ 86.15 (shaving 25%) TP4 @ 84.90 (shaving 25%) TP4 @ 1.1475 (closing ALL Sell Orders) TECHNICAL ANALYSIS A few oscillators appear to be showing some bearish momentum on the NZDJPY chart. For example, the Relative Strength Index (RSI) is NEUTRAL, which is a sign of bearish momentum. Additionally, the Stochastic Oscillator is also NEUTRAL at its 14-day moving average, which signals increased distribution. Both are hinting towards selling pressure. WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
by ProfessorCEWard
✨ NEW: NZDJPY ✨ BIG PICTURE (14D) ✨🗣 SHOUT OUT TO @Vick_NZ for recommending I re-analyze this pair. -SL @ 94.50 🚫 SLO @ 89.33 ⏳ TP1 @ 79.75 (shaving 25%) TP2 @ 71.50 (shaving 25%) TP3 @ 65.50 (shaving 25%) TP4 @ 56.25 (shaving 25%) SUPPORT @ 54.00 BLO @ 48.55 ⏳ BLO2 @ 77.85 ⏳ WE ARE A COMMUNITY BOOST a trade idea to share with others and "pay it forward" FOLLOW to receive alerts of any new posted ideas COMMENT with questions, insight, and expertise JOIN our group chat: receive free analyses on any instrument
Short
by ProfessorCEWard
6
USDJPY: Detailed Structure Analysis 🇺🇸🇯🇵 Here is my latest structure analysis for USDJPY. Horizontal Key Levels Resistance 1: 143.54 - 144.10 area Resistance 2: 145.10 - 145.60 area Resistance 3: 148.70 - 148.90 area Resistance 4: 151.70 - 151.90 area Support 1: 142.00 - 142.50 area Support 2: 140.60 - 141.45 area Support 3: 137.40 - 138.80 area Vertical Key Levels Vertical Support 1: rising trend line Consider these structures for pullback/breakout trading. ❤️Please, support my work with like, thank you!❤️
Short
by VasilyTrader
4