USDJPY BUY UPDATE!!!!!Good day, gang
1:1 has been achieved
Now let's aim for 1:2
Secure half of the profits and leave the rest to run to take profit
USDJPY trade ideas
USDJPY | 4 HOUR TIMEFRAME | TECHNICAL CHARTHello guys, I made FX:USDJPY analysis for you. Please support me by pressing the like button on my analysis.
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USDJPY H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 150.62, which is a pullback support.
Our take profit will be at 152.15, a pullback resistance close the 50% Fibo retracement and 161.8% Fibo extension, indicating a strong level of resistance.
The stop loss will be placed at 149.47, which is an overlap support level.
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Overlap resistance ahead?USD/JPY is rising towards the pivot and could reverse to the 1st support which acts as a pullback support.
Pivot: 151.83
1st Support: 149.63
1st Resistance: 153.43
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USD/JPY BEARISH MOVE As you can see FX:USDJPY is in a retest and retrace area. This is a point of interest in the market to create massive profit and oppurtunity.
The yellow lines will represent the supports and resistance and the pink lines will represent liquidity resting below.. Understand this.... MARKET WILL ALWAYS TARGET PRICES THAT HAVE THE MOST LIQUIDITY.
Now by understanding that we can understand that there is a lot of liquidity resting below ..So price will sweep liquidity upwards so It may have massive moves downwards.. Market will sweep liquidity price 153.440 and 151.956 before making it massive move down towards price 139.702..
My entry will be 153.440 and Tp will be set to 145.960
Allow price to sweep liquidity and touch the trendline we want to see trend line be respected and want to see price move downwards .. Also keep an EYE on JPYX its price movement matters if JPYX is moving upwards FX:USDJPY WILL MOVE DOWN AND IF PEPPERSTONE:JPYX IS MOVING DOWNWARD YOU WILL SEE FX:USDJPY MOVE UPWARD.
Happy trading lets create opportunity's and profits.. Time to start printing
USDJPY InsightHello, Subscribers!
Great to see you all. Please share your personal opinions in the comments. Don’t forget to like and subscribe!
Key Points
- The U.S. Conference Board’s Consumer Confidence Index for December dropped sharply by 8.1 points from the previous month to 104.7, marking its first decline in three months.
- The decline is attributed to uncertainty surrounding policies from the Trump administration, which will begin on January 20, leading to weakened short-term consumer sentiment among Americans.
- Dana Peterson, Chief Economist at the Conference Board, stated, "In December, consumers were significantly less optimistic about future business conditions and income. Following cautious optimism in October and November, pessimism has returned regarding future employment prospects."
- The yield on the 10-year U.S. Treasury note rose to 4.5990%, its highest level since May, while the FedWatch tool reflects a 91.4% probability of a rate pause in January.
Major Economic Events
+ December 25: Christmas
+ December 26: Boxing Day
USD/JPY Chart Analysis
After breaking past the 157 resistance level with ease, USD/JPY extended its gains to the 158 level. If it breaks through this zone, further upward momentum toward the 160–161 range is anticipated. Conversely, failure to breach the 158 resistance could lead to a pullback toward the 154 level.
We will swiftly adjust our strategy if unexpected movements occur.
USDJPY Wave Analysis 23 December 2024
- USDJPY reversed from key support level 156.35
- Likely to rise to resistance level 158.00
USDJPY currency pair recently reversed up from the key support level 156.35 (former resistance from November, acting as she support after it was broken last week).
The upward reversal from the support level 156.35 continues the active minor impulse waves iii and 3 – both of which belong to the intermediate impulse wave (3) from the start of December.
USDJPY currency pair can be expected to rise to the next resistance level 158.00, the breakout of which can lead to further gains toward 160.00.
Wajani Investments.Point 2 was retracement from 1. Market is creating a structure at 3 and if this point is not broken to the downside, then I look to buy.
For educational purposes only.
Let me know your thoughts.
USDJPY LONGSLooks like a good zone to potentially take a buy from with my major timeframes lined up. Once price taps in again I’ll be looking for entry on 1h, 2h, or 4h timeframes
USDJPY , 15MinThis is USDJPY, everything is clear on the chart I have daily FVG highlighted in bigger zone (yellow) then I have rising triangle ,I’m waiting for it to reach 2nd POI. Then I’m buying , on ‘IG’ nhlakanipour_nkabinde
Let’s get this money
USD/JPY continue with the UptrendOn USD/JPY , it's nice to see a strong buying reaction at the price of 155.340 and 154.640.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
Fundamental Market Analysis for December 23, 2024 USDJPYDoubts about the Bank of Japan's rate hike plan and widening yield differential between the US and Japan put pressure on the yen.
Traders are expecting a short-term boost from the US consumer confidence index, which will be released on Monday.
The Japanese yen (JPY) starts the new week on a softer note and remains a short distance from the five-month low reached on Friday against its U.S. counterpart. Doubts over when the Bank of Japan (BoJ) will raise interest rates again have proven to be a key factor weighing on the JPY. In addition, the recent widening of the yield differential between the US and Japan, backed by the Federal Reserve's (BoJ) tightening stance, is undermining the low-yielding JPY.
Added to this, the overall positive tone in equity markets is reducing demand for the safe-haven yen. Meanwhile, strong inflation data released in Japan on Friday left room for a potential BoJ rate hike in January or March. This, along with subdued US Dollar (USD) price action, did not help the USD/JPY pair to realize upside potential in the Asian session in the absence of any fundamental catalyst.
Trade recommendation: Watch the level of 156.00, when fixing below consider Sell positions, when rebounding consider Buy positions.
USDJPYUSDJPY is moving to update the roof and on a slightest change in monetary policy by bank of Japan we could see monthly candle rejection based on overall trend direction of the pair.
Projection of a bullish buyRight now there is a zone that this market may be aiming for before drop down before of next year bullish run circles dollars will drop massively so I am expecting a retest to that buy areas then we look for an entry,,, because we TF still have that selling pressure so it's till in the zone
identifying support and resistance levelshere are some simple exercises to help train your eyes to see important levels, backtesting is crucial to trading success
USDJPY BUY OPPORTUNITY !USDJPY might fall to 152.030(buy limit order) as price gets exhausted and closed around 156.365 our buy limit order has been set at that price level. Price may likely rise to 161.807
USDJPY LONG | BUY TRADE IDEA (W/B: 23/12/2024)Guyssss! Happy New Year soon! I bring you a gift to close out the year!
As you can see we are in a bullish order flow, with protected lows. With a nice RR of 2.8 on TP1 and 3.07 on final TP, this trade takes advantage of the recent structural breaks.
Enjoy! Good luck and enjoy the end of the year!
EURUSD Is Going Up! Buy!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 156.354.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.858 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
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USDJPYUSDJPY will keep bullish track into 2025,on stronger united states dollar i expect the bullish swing into a possible retest zone on the roof of the ascending trendline.
USDJPY - 20/12/24 - Long IdeaThe week has been bullish leading up to FOMC, which had further propelled price up. However, Friday has presented a retracement. Waiting for price to reach price level 155.000 and start looking for long setups. This idea is based off of daily and 4H timeframe bullish structure and Order Block concepts.
USD/JPY Approaches Key Turning PointHello,
FX:USDJPY pair has experienced significant upward momentum and is currently approaching the weekly strong resistance level at 155.883, which previously served as support. If this level holds as support once again, further upside is likely. However, if it fails to hold, a downside movement can be expected from this point forward.
No Nonsense. Just Really Good Market Insights. Leave a Boost
TradeWithTheTrend3344
#USDJPY $USDJPY Rise after Monetary Policy Divergence...The USD/JPY continiues to produce.
Latest:
The USDJPY has seen an increase over the last three days due to several factors:
Monetary Policy Divergence:
The Bank of Japan (BoJ) decided to maintain its interest rates, reflecting a dovish stance in contrast to the U.S. Federal Reserve's more hawkish approach. This divergence in monetary policy tends to strengthen the U.S. Dollar against the Yen since investors can borrow Yen at low rates to invest in higher-yielding U.S. assets.
FOMC Meeting Impact:
The recent FOMC meeting indicated a slower pace of rate cuts for 2025, which typically supports a stronger U.S. Dollar. This hawkish cut by the Fed, alongside the BoJ's inaction, contributed to the USDJPY's upward movement.
Market Reactions and Technical Levels:
Following the FOMC and BoJ announcements, there was an immediate market reaction. The USDJPY broke higher post-BoJ press conference, indicating a breakout possibly influenced by both the Fed and BoJ decisions. Technical analysis suggests that if the pair maintains above certain levels, like 157, it could aim for higher extensions, showing strong market sentiment towards further appreciation of the USD against JPY. Although a pullback at this level would be healty.
Speculation on Future Interventions:
There's an anticipation that the Japanese Ministry of Finance might intervene at around the 160 level to protect the Yen, but historical interventions have been less effective, suggesting that the USDJPY could continue to rise if these levels are approached (Taking a look at the upper line yellow line at the chart, if this is tested, broaken and holds we could see a great incerease).
My target would be at 160- 165 lvl for now if it holds its current price or finds support in event of an pullback at a key level.
However always keep in mind, currency movements are also influenced by broader market sentiment, geopolitical events, and other economic indicators. This is not financial advice.
