Small correction perhaps ?Short-Term Outlook: Bearish Scenario: If the current support around 141.60 breaks, USD/JPY could head lower, testing 140.00 or below. Bullish Rebound: If support holds, expect a possible rebound to 143.00 or higher, depending on market sentiment.Longby SeanAulakh7
UsdJpy LongWith the expected upward movement in DXY, we are also anticipating an upward move in USD/JPY. Our first target is the 38.2% retracement level. Longby TradeAndMeApp2217
USD/JPY Long Trade: Building into Next Week's OpportunityGetting ready for next week's USD/JPY setup! 🚀 The market is aligning for a potential big move, and I'm positioning myself for the action. Watch closely as I plan my entries and manage the trade—timing is everything! ⏳ If you're into catching high-probability trades and want to see how I approach the markets, make sure to follow and stay tuned. Let’s ride this wave together! 📈 Don't miss out—like, comment, and share your thoughts below!Longby trader9224Updated 1110
USDJPY - UniverseMetta - Signal#USDJPY - UniverseMetta - Signal D1 - Possibility of a rebound from the level within the local movement. H4 - There is a 3rd wave in continuation of the correction from the level. Stop for the minimum on D1. Entry: 142.592 TP: 144.033 - 149.373 Stop: 140.597 Longby Trade-U-Metta6
Heading into 61.8% Fibonacci resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and could reverse from this level to our take profit. Entry: 145.06 Why we like it: There is an overlap resistance that lines up with the 61.8% Fibonacci retracement. Stop loss: 147.311 Why we like it: There is a pullback resistance level. Take profit: 141.75 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! 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. Shortby VantageMarkets4
USDJPY (LONG)USDJPY is now at support. support area is between 140-142. resistance area is between 149-151. So, USDJPY may now take a pullback. Longby Indextrader_praveen24
USD/JPY drops below 141, US CPI drops to 2.5%The Japanese yen has extended its gains on Wednesday. USD/JPY fell as low as 140.70, its lowest level this year, before paring much of the losses. In the North American session, USD/JPY is trading at 141.71 at the time of writing, down 0.52% on the day. The hotly-anticipated US inflation report didn’t shake up the markets as it was pretty much as advertised. Headline CPI eased to 2.5% y/y in August, down from 2.9% in July and matching expectations. This was the fifth straight decline in headline inflation. Monthly, CPI was unchanged at 0.2%, in line with the market estimate. Core CPI was unchanged at 3.2% y/y, matching the market estimate. Monthly, the core rate ticked up to 0.3%, up from the July gain of 0.2% and the market estimate of 0.2%. The inflation report comes just one week before the Federal Reserve meeting on Sept. 18. Market rate cut odds have been swinging wildly as it remains unclear whether the Fed will cut by a modest 25 basis points or a jumbo 50-bps cut. The odds of a 50-bps move surged to 59% after the soft nonfarm payroll report on Friday, but were down to 27% just prior to today’s inflation report and have fallen to 15% following the release, according to the CME’s FedWatch. This puts the likelihood of a 25-bps cut at 85%, although we’re likely to see the odds continue to shift in the days ahead. The Bank of Japan meets on Sept. 20, two days after the Fed meeting. The BoJ is looking to continue tightening but will likely stay on the sidelines next week, as BoJ officials have ruled out a rate hike while the financial markets are unsteady. That could mean that the BoJ will push off a rate hike until December or January. USD/JPY tested support at 141.54 earlier. Below, there is support at 140.79 There is resistance at 142.80 and 143.31by OANDA2
USDJPYThe Yen strength coupled with the Dollar consolidation has finally played out into the larger wave-C of 2 and the first target. December-March likely provides the primary turn back up, and as such will provide the backdrop to whether price can reach the extension target or not over the next couple of months. Overall, the USDJPY is targeting the 300-400 range by 2027-2029 and an important trend for recalibrating assets.by HendoMacro2
USDJPY (LONG) As per Elliot's Wave bullish move which is just a retracement is about to happen. Which means bullish dollar and DXY(Dollar Index) also confirming buysLongby MR_US30_ZAR7
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.Shortby Zola_Hello117
USDJPY long to 146.89it looks like there's some resistance around 141.75. I believe price will reach 146.89by a1d1b1115
DeGRAM | USDJPY an attempted channel breakoutUSDJPY is moving in a descending channel between the trend lines. The chart formed a pattern AB=CD, touching the dynamic support again. The price has already reached the support level, which acted as a strong rebound point. The dynamic support also acted as a rebound point twice. We expect the rebound to continue after breaking the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM115
USDJPY BUY NOW!!!!!!!!USDJPY fulfil my last analysis predictions bounced from my fvg with strong price rejections now am expecting a new highs to be created from this zone my main goal target on this trade is 147.19 Tell your take on this.............?Longby CAPTAINFX23
Fundamental Market Analysis for September 10, 2024 USDJPYThe USD/JPY pair is turning positive for the second consecutive day after declining early in the Asian session to the 142.850 area, although it lacks bullish confidence. Spot prices are currently trading with a slight positive bias just below the mid-143.000s and remain within striking distance of the one-month low reached last Friday. The Japanese Yen (JPY) continues to be threatened by data released on Monday that showed the economy grew slightly slower in the second quarter than originally reported. This could complicate the Bank of Japan's (BoJ) plan to raise interest rates further in the coming months. In addition, the overall positive sentiment in equity markets is reducing demand for the safe-haven Yen and serving as a tailwind for the USD/JPY pair amid some buying interest from the US Dollar (USD). Investors may also prefer to stand back and wait for the release of US consumer inflation data on Wednesday before making new directional bets. Thus, strong follow-through buying is needed to confirm that the USD/JPY pair has formed a short-term bottom and is positioned for significant gains amid the lack of meaningful macroeconomic data from the US on Tuesday. That said, speeches by influential FOMC members may provide some impetus later in the US session. Trading recommendation: Watch the level of 143.000, if consolidated below consider Sell position, if rebounding positions on Buy.by Fresh-Forexcast20042
Buy Setup Currently Trading At 142.978 , Buy On Dip Till 140.390 For The Target 150.200---158.000 Start Accumulation don't Miss It Setup Will Fail If Breaks 138.430 And Gives 2 Consecutive Ans a daily Close below it Longby FibooGann114
USDJPY Is Very Bullish! Long! Please, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 142.209. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 142.787 level. P.S Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProviderUpdated 1114
USDJPY SC43M BM M Inv H&S + BM IC W Descending channel to H&S D H&S -27 4H Inv H&S Longby janssensyorben4
USDJPY: Time for Another Bullish Wave… Again?USDJPY: Time for Another Bullish Wave… Again? The USDJPY is forming a more intricate pattern this time around. The price appears poised for another ABC wave movement, given that USDJPY has respected these patterns in the past. You may watch the video for further details! Thank you!Long02:39by KlejdiCuni1121
USDJPY ready for Liquidity SweepWeekly trend is Super Bearish but price is in reversal zone, but we still need evidence for clear direction. "Look on chart for Intraday Long Setup" Note : Do your own Research and Trade Wisely Never rely on my opinions. Good Luck folksLongby FalakSHAH14
usdjpy long Trend Analysis: Uptrend Confirmation: Look for higher highs and higher lows on the H4 chart. This indicates a strong uptrend. Trendlines: Draw an upward sloping trendline connecting the recent lows. If the price respects this trendline, it confirms the bullish trend. Moving Averages: 50 and 200 EMA: If the 50-period EMA (Exponential Moving Average) is above the 200-period EMA, it signals a bullish trend. Additionally, if the price is trading above both EMAs, it further confirms the bullish sentiment. Support and Resistance Levels: Support: Identify key support levels where the price has previously bounced. These levels can act as a floor for the price. Resistance: Look for resistance levels that the price needs to break through to continue its upward movement. Candlestick Patterns: Bullish Engulfing: A bullish engulfing pattern near support levels can indicate a potential reversal to the upside. Hammer: A hammer candlestick at the bottom of a downtrend can signal a bullish reversal. Technical Indicators: RSI (Relative Strength Index): An RSI value above 50 indicates bullish momentum. If the RSI is approaching the overbought zone (above 70), it suggests strong bullish momentum but be cautious of potential pullbacks. MACD (Moving Average Convergence Divergence): A bullish crossover (when the MACD line crosses above the signal line) can indicate a potential upward move. Volume Analysis: Increasing Volume: An increase in volume during upward price movements confirms the strength of the bullish trend.Longby Mansa_Musa_Capital5
USD/JPY: Reversal Signal or More Downside? The Japanese yen has tested prices below 141, an eight-month low for the pair. But eventually pulled back above 142. From a technical perspective, this long wick might look to some traders to be the start of a small reversal before its eventual sojourn lower. Rom a fundamental perspective, US Consumer Price Index (CPI) came in a few hours ago lower than expected. Which means the US Federal Reserve might forgo a 50bps cut in favor of a 25bps next week. This might help support the US dollar in the face of yen strength. Now we have US Producer Price Index (PPI) to look forward to on Thursday. The Yen against Euro could be interesting to keep an eye on too in the lead up to the European Central Bank (ECB) decision. On Thursday, the ECB is expected to cut its interest rate to 3.5% from 3.75%. by BlackBull_Markets2