USDJPY FORECASTTraders! We have started the week with a good momentum. The market is looking very good as structures has started to shape up, so guys! It is the matter of waiting for the key areas and see how the market will allow us to get into it.
JPYUSD trade ideas
USD/ JPY ! 11/14 ! JPY value will increaseUSDJPY trend forecast November 14, 2024
The Japanese Yen (JPY) remains under selling pressure during the Asian session on Thursday, helping USD/JPY reach the 156.00 level for the first time since July 23, supported by a strong US Dollar (USD). Market sentiment suggests Japan’s political climate may hinder the Bank of Japan (BoJ) from further tightening its policy, which weakens the JPY. Additionally, worries about potential trade tariffs from US President-elect Donald Trump add further pressure on the Yen.
The dollar is benefiting from the new president trump FOMO, but it is cooling down soon.
The Japanese yen also has new moves with the new prime minister, helping the value of the Japanese yen increase further.
/// SELL USD/JPY : zone 156.100 - 156.400
SL: 156.700
TP: 40 - 100 - 200 pips (154.400)
Safe and profitable trading
USDJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at155.63, which is a pullback resistance and a 61.8% Fibonacci retracement.
Our take profit will be at 153.73, an overlap support level.
The stop loss will be at 156.84, a swing high resistance level.
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USD/JPYThis is how my analysis for the new week starts, usd/jpy has started a bearish movement on confirmation, this zone is a very favorable zone for us to enter with a small risk.
USDJPY SELL SETUPPrice gave an impulse rejection from structure and also formed a bearish engulfing on the daily. Now looking for the corrective pull back to catch the next bearish wave!
Bearish drop?USD/JPY is rising towards the resistance level which is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 154.69
Why we like it:
There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement.
Stop loss: 155.23
Why we like it:
There is an overlap resistance level that is slightly below the 50% Fibonacci retracement.
Take profit: 153.90
Why we like it:
There is an overlap support level.
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USD/JPY
USD/JPY Weekly Time Frame
✔ Breakout and a Retest of trend
✔ Rising Wedge
🤔If it goes back to the previous support and form the third bottom, that's about 1.4K pips right there 😋
Or will it breakout and continue the bullish trend
HAVE A SUCCESSFUL WEEK AHEAD
Japanese Yen Simple Analysis (Tech/Fund).Going into Monday we will hear comments from BOJ's Governor Ueda.
This could add to any current intervention rhetoric/slanting. Do not think BOJ will appreciate Yen being as weak as before.
Short side bias taken on both sentiment case and potential rate unwinding, as well as current price action and rejection into weekend.
USDJPY Is Bearish! Sell!
Take a look at our analysis for USDJPY.
Time Frame: 6h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a significant resistance area 154.251.
Due to the fact that we see a positive bearish reaction from the underlined area, I strongly believe that sellers will manage to push the price all the way down to 152.801 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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U.S Dollar / Japanese Yen | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# U.S Dollar / Japanese Yen
- Wedge Structure 1 | Hypothesis Entry Bias
- Wedge Structure 2 | Target Valid
- Support=0(12345)
- Wave 1 | Wave 5 | Center Impulsive Gain
- Retracement 1&2 | Valid Entry Bias
Active Sessions on Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Neutral
Long on USDJPY I plan to buy USD/JPY because the fundamentals support a stronger dollar next week. Key reasons include expectations of robust U.S. economic data, such as higher-than-forecasted retail sales and durable goods orders, which could reinforce the Federal Reserve's hawkish stance. Additionally, recent geopolitical tensions and risk-off sentiment are likely to boost demand for the safe-haven dollar. Meanwhile, the Bank of Japan's continued dovish policies and potential intervention concerns may keep the yen weak, creating a favorable environment for USD/JPY to rise.
USD/JPYOn Monthly, 200, 50 and 20 EMA are below price line and it made a bullish Doji candle as of nowat 155.400 Historical Resistant.
On Weekly, 200, 50 and 20 EMA are Bullish below price and it has pierced into 155.400 and pulled back to perhaps try agail.
On Daily, 200, 50 and 20 EMA are bullish as well, coming down to test bottom Trend line (Blue line) to go and hit back 155.400 Resistant.
On 1H chart, price is bouncingh offf of bottom Bullish Trendline and perhaps getting realy for another uptrend rally.
Historically, BOJ has taken action to prevent price going above and beyond 160.00 Historical Resistant EVER since 1987.
Within Trend + Order Block With Liquidity + Fib POIPrice breaks above 154.737 (Internal High)
BOS + Order Block Formed
Main Liquidity is Below 153.425
Also Fib retracement level is 153.078 (Golden Zone 0.79)
So i'm planning a buy At 153.078, I'll try to trail my Stop loss Cause we are in an Upward trend
USDJPY TRADE SETUPWait for retest the entry level then take a trade for Buy otherwise skip this setup guys
USDJPY LONGWhen market opens, ill be looking to add more buys on USDJPY from the anywhere in the marked box as soon as entry confirms... Ill take 1st profit @156.179 and second profit @157.301
Total pips = 320pips
The higher TF all agree on buy trend and thta needs to be respected, do your research and lets see if we agree on this move. Fingers crossed
USD/JPY Technical Overview for Next WeekUSD/JPY trades around 156.50 on Friday. Daily chart analysis shows a continued bullish bias, with the pair moving upwards within an ascending channel pattern. The 14-day Relative Strength Index (RSI) is just below the 70 level, supporting the bullish outlook. A breakout above the 70 mark would indicate an overbought condition, potentially leading to a downward correction for the pair.
The USD/JPY pair could target the upper boundary of the ascending channel near the 159.70 level. A breakout above this level would reinforce the bullish sentiment and potentially push the pair toward its four-month high of 161.69, recorded on July 11.
On the downside, the USD/JPY pair could find support at the nine-day Exponential Moving Average (EMA) around 154.65, followed by the lower boundary of the ascending channel at 153.90.
USDJPY LongUSD-JPY continues a bullish momentum on upside, and continuously making HH and HL, Currently Uusdjpy is retracing and preparing or news highs. we can make a good profit from these entry levels.
USDJPY - Long active !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look for a long. I expect bullish price action as we can see a rejection from bullish OB + trendline + level 154.000.
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Usdjpy is likely to go upUSD/JPY is likely to continue rising as the U.S. economy shows strong growth, supported by robust data such as high GDP growth, low unemployment, and resilient consumer spending, which strengthens expectations for the Federal Reserve to keep interest rates higher for longer, while the Bank of Japan maintains its dovish monetary policy. Key upcoming U.S. economic releases, such as the Non-Farm Payrolls, CPI, and Retail Sales, are expected to further reinforce the positive outlook for the USD, keeping upward pressure on USD/JPY.
USDJPY 900pips potential ?USDJPY (Swing Trade update) - 900pips ?!? For who interested on USDJPY, my plan. We are on a rising wedge, we must broke the bellow line of wedge and we must broke @ 153.410 with a candle closed bellow that. To short with target as wedge projection @ 144.532
USDJPY SELL SETUP !!“The key to trading success is emotional discipline. If intelligence were the key, there would be a lot more people making money trading … I know this will sound like a cliche, but the single most important reason that people lose money in the financial markets is that they don’t cut their losses short.” — Victor Sperandeo
USDJPY - Bullish Trajectory Intact20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it:
As long as price stays above Daily SMA cross, with a supporting 20SMA,
a bullish continuation remains intact.
Next confluence @ 157.166
If that confluence is breached and held, 160.00 = TARGET.
I deeply appreciate you taking the time to study my analysis and point of view.
Keynote!
The most important to consider always, before you leap:
When you jump in the river, make sure you swim "WITH" the current.
