USDJPY Bullish LONG-TERM PLAY TO 176.
From the weekly view there is a break of the bottom channel which sets up UJ for a move towards a new high, 176 looks like a good target.
USDJPY trade ideas
USDJPY Heading for the 5th Wave Up!USDJPY Heading for the 5th Wave Up! Targets for Possible Reversals and Profit-Taking Zones
From July 11, 2024, USDJPY began a bearish movement that concluded on September 16, 2024, near 139.57.
The price is clearly showing the development of a 5-wave pattern, and it looks like the price is about to begin the bullish wave for the 5th wave up.
You may watch the video analysis for further details!
Thank you:)
USDJPY FORECASTYen pairs looks very promising as we can see they have already grabbed liauidity from above. I just decided to opt with USDJPY as my favorite for today. And I just stsy patience waiting for the market to allow me to get into it!
USDJPY Wave Analysis 13 November 2024
- USDJPY broke key resistance level 154.70
- Likely to rise to resistance level 157.20
USDJPY currency pair recently broke the key resistance level 154.70 (former stern support from June, which has been reversing the price from the end of July).
The breakout of the resistance level 154.70 should accelerate the active medium-term impulse wave (5) from the start of November.
Given the clear daily uptrend and the bullish US dollar sentiment, USDJPY currency pair can be expected to rise to the next resistance level 157.20.
USDJPY LongMarket structure Bullish On HTF 30
Entry at Daily AOi
Weekly Rejection At AOi
Daily Rejection At AOi
Bullish Daily Engulfiing
Previous Daily Structure Point
Around Psychological Level 153.000
H4 EMA Retest
H4 Candlestick rejection
Levels 6.69
Entry 90%
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USDJPYThe dollar is on the rise, so USDJPY
Price is close to breaking 4H HH, just swept up some liquidity and pushed higher
The opening of the NY session made a huge candle, confirming the intention of moves higher.
There is some liquidity above to target, with the daily imbalance to be tested
Bullish rally will be continued Weakness can be seen in the bullish trend and price movement in comparison to the other bullish waves but I think USDJPY would complete its upward cycle due to the economic situation
USDJPY - Possible Outcomes20SMA - Blue
200SMA - Pink
Key Confluence Areas - Grey Lines
Market Structure Support/Resistance - Green/Red Dashed Lines
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How I see it: (Short Term)
A clear break above 155.00 is required for more bullish action.
If price is held down by 20SMA, we could see some bearish pressure from here on end.
A clear brake and hold below 153.00, can possibly drive price down to 152.00.
*** Overall Sentiment Remains Bullish on Higher TF's !
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When you jump in the river, make sure you swim "WITH" the current.
USDJPY H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 155.19, which is a pullback resistance.
Our take profit will be at 154.25, a pullback support that aligns with the 61.8% Fibo retracement.
The stop loss will be at 156.10, a pullback resistance level.
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USDJPY H4 I Bearish Reversal Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 155.700, which is a pullback resistance and a 127.2% Fibonacci extension.
Our take profit will be at 153.72, a pullback support level.
The stop loss will be at 15.65, above 161.8% Fibo extension
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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
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Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDJPY SELL SETUP !! “Confidence is not ‘I will profit on this trade.’ Confidence is ‘I will be fine if I don’t profit from this trade.” — Yvan Byeajee
usdjpyUSD/JPY mitigating in a daily order block demand area means the price is retracing into a zone of institutional buying interest where previous unfilled buy orders might reside. This mitigation process often results in consolidation or bullish reactions as these orders are triggered, potentially setting the stage for an upward move. Traders watch for signs of rejection, such as wicks or bullish candlestick patterns, as confirmation to enter long positions, with stops placed below the demand zone's low. However, if the zone fails to hold, it could signal bearish continuation, requiring careful risk management.
USDJPY SHORTwe have a sell pattern on the 1HR timeframe alongside a double top
i am waiting for the market to break structure to the downside before i take my entry
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Shifts USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Shifts in Economic Sentiment 12/11/2024
Introduction
Today’s analysis of USDJPY suggests a slight bearish bias as the Japanese yen gains ground amid mixed U.S. economic data and evolving global risk sentiment. The contrasting monetary policies of the Bank of Japan (BoJ) and the Federal Reserve, alongside shifts in market sentiment, are shaping today’s outlook for USDJPY. This article provides an in-depth look at the key drivers influencing USDJPY, offering insights for traders navigating today’s forex market.
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Key Drivers Influencing USDJPY Today
1. Bank of Japan’s (BoJ) Stable Policy Outlook
The Bank of Japan (BoJ) has kept its ultra-loose monetary policy unchanged, but recent signals of potential shifts to support sustainable inflation levels have strengthened the yen. Speculation of a possible policy tweak has spurred demand for the JPY, putting bearish pressure on USDJPY as traders eye potential moves in the BoJ’s stance.
2. Mixed U.S. Economic Data and a Softer Dollar
Recent U.S. data, including softer inflation and labor market figures, have prompted the Federal Reserve to maintain a cautious stance on additional rate hikes. This dovish outlook has weakened the U.S. dollar (USD), which further pressures USDJPY towards a bearish bias, especially as U.S. Treasury yields remain relatively low, reducing the USD’s appeal.
3. Global Risk Sentiment and Safe-Haven Demand for the Yen
The Japanese yen is traditionally viewed as a safe-haven currency. With ongoing global economic uncertainties and recent geopolitical tensions, investors may lean towards the yen, adding to USDJPY’s bearish outlook. The yen’s safe-haven status often draws demand during periods of uncertainty, contributing to downward pressure on USDJPY.
4. Technical Indicators Favoring a Bearish Bias
Technically, USDJPY is trading near key resistance levels, where it has faced selling pressure recently. The pair is also moving below its 50-day moving average, indicating a short-term downtrend. Both the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators are showing bearish momentum, reinforcing the outlook for a slight bearish bias today.
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Technical Analysis Indicators Supporting a Bearish Outlook
Moving Averages and RSI
USDJPY is currently trading below its 50-day moving average, a bearish signal that suggests continued downward movement. The RSI is trending lower, indicating increasing selling pressure and reinforcing the possibility of further declines.
MACD and Volume Analysis
The MACD (Moving Average Convergence Divergence) shows a bearish crossover, suggesting further downside potential. Volume trends also indicate growing selling interest, supporting today’s bearish bias in USDJPY.
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Conclusion
Given the BoJ’s evolving stance, recent U.S. economic data, and a cautious global sentiment favoring safe-haven assets, USDJPY is anticipated to have a slight bearish bias today. Traders should monitor key technical levels and remain attentive to any shifts in global sentiment that could impact the pair.
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USDJPY Bearish retrace before 155
UJ looks to be in a bullish channel with the next peak around at least $155. On the way up a retrace may be taking place as lower highs created a double top or head and shoulders pattern. Possible measured move down to a fifty percent retrace. My Take Profit target is a little earlier than the midway mark due to the overall bullish sentiment of the market. Stop loss is set to the last peak before a major lower high appeared.
USDJPY Potential UpsidesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 152.700 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 152.700 support and resistance area.
Trade safe, Joe.
USDJPY H1 | Bearish Reversal Based on the H1 chart analysis, we can see that the price is rising toward our sell entry at 155.575, which is an overlap resistance close to 61.8% Fibonacci retracement.
Our take profit will be at 154.51, an overlap support level.
The stop loss will be at 156.62, a swing high resistance level.
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Stratos Markets Limited (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com):
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Stratos Trading Pty. Limited (www.fxcm.com):
Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com
Stratos Global LLC (www.fxcm.com):
Losses can exceed deposits.
Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
USDJPY Possible trade Idea (11-15)-Nov-2024Day trading Idea
1.USDJPY is in a bullish trend
2. I am looking for buys on a HL
3.Current trend is pro Trend (Impulsive trend)
4.Highlighting the recent BOS i can identify the most recent formed HH and HL(Which swept liquidity), then apply a FIB to find possible entry points.
I always wait for confirmation like MSS before jumping into a trade.
USDJPY PANIC CYCLEUSDJPY is currently in the last year of the five-year cycle, repeated throughout this market's entire life cycle. The five-year cycle starts with a 4-year bull market and a 1-year panic correction. Should the 161.951 current top hold we would expect price to accumulate around the 151 price zone preparing for a quick decline toward the 125.8 zone for a total price of -360 pts.
We expect Price to find support in August 2025. Considering both price and time our expected directional vector for the Five-year cycle will be 1695 units.
The directional Price-Time Vector for the Five-year cycles has been in a range from 1659-1716 units. With the bull phase within a range of 1385-1406 units.
A fractal nature has been observed in the 1903-1908 DJI market. The 1907 (rich man's) panic.
Trade safe
USDJPY.. Potential Long ?? whataya think?Daily - Up
4H - Correction (Down)
Higher chance to be supported on D pitchfork
Around 61.8% Fib Level on D timeframe
Around 4H demand zone
USDJPYHi here is my analysis for USDJPY
Im looking at going long as still looks to be in a bullish trend, hopefully hitting tp1 and 2 also would be looking to take partials, feel free to adjust TPS - let me know any feedback
Potential bullish bounce off overlap support?USD/JPY is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 154.69
Why we like it:
There is an overlap support level that aligns with the 50% Fibonacci retracement.
Stop loss: 153.62
Why we like it:
There is an overlap support level.
Take profit: 156.56
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
