U.S. Dollar / Japanese Yen

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U.S. Dollar / Japanese Yen forum

๏ปฟ
USDJPY ๐Ÿ’น | Calm & Strategic Movement ๐Ÿงญ๐Ÿง˜โ€โ™‚๏ธ
USDJPY continues to show composed price action with reliable structure.
In such markets, patience and planning are the true edge. ๐Ÿ“Š๐Ÿง 
We observe, analyze, and wait for clean confirmations before entry. ๐Ÿ”โœ…

๐Ÿ“ˆ Confidence grows with clarity, not speed
๐Ÿ“Œ Stay focused, respect risk & value the process

#USDJPY #ForexAnalysis #CalmTrading #SmartMoves #CurrencyMarket #RiskAwareness #TradingViewIdeas

USDJPY buy Setup)
Entry Zone: Around 144.800\144.700
Stop Loss: 144.300
Take Profits:
TP1: ~145.100
TP2: ~145.500
Final Target: 145.800




USDJPY lets sell 144.670 144.866 SL 144.969
144.269 143.569 143.000


USDJPY im definitely not convinced that there will be a last move today.


USDJPY
2/2 Summary of Key Levels

Daily & 4-Hour Support and Resistance

Daily Support Levels: 143.500 JPY, 143.000 JPY, 142.800 JPY
Daily Resistance Levels: 145.000 JPY, 145.500 JPY, 146.000 JPY

4-Hour Support Levels: 144.200 JPY, 143.900 JPY, 143.600 JPY
4-Hour Resistance Levels: 144.800 JPY, 145.200 JPY, 145.700 JPY

Exponential Moving Average (EMA) Levels

Daily EMA Levels:

EMA 50: 143.250 JPY
EMA 100: 142.500 JPY
EMA 200: 141.800 JPY
EMA 400: 140.500 JPY

4-Hour EMA Levels:

EMA 50: 144.300 JPY
EMA 100: 144.000 JPY
EMA 200: 143.700 JPY
EMA 400: 143.200 JPY

Weekly Pivots

Weekly Pivot Points:

Pivot Point: 144.400 JPY
Resistance 1: 145.000 JPY
Support 1: 143.800 JPY

Daily Pivots

Daily Pivot Points:

Pivot Point: 144.500 JPY
Resistance 1: 144.800 JPY
Support 1: 144.200 JPY

Fibonacci Retracement Levels

23.6%: 143.800 JPY
38.2%: 144.200 JPY
61.8%: 144.800 JPY

Fundamental Analysis and Upcoming USD News

As we look ahead, several key economic events may impact the USDJPY market. Traders should pay attention to the following upcoming USD news releases:

Federal Reserve Interest Rate Decision: Scheduled for next week, this decision will significantly influence market sentiment and the strength of the USD.

Non-Farm Payrolls (NFP): Set to be released in the first week of July, this report will provide insights into the U.S. labor market and could affect the strength of the USD.

Consumer Price Index (CPI): Scheduled for mid-July, this inflation report will be crucial for understanding the economic landscape and its potential impact on the USDJPY market.

These events could lead to increased volatility, making it essential for traders to stay informed and adjust their strategies accordingly. ๐Ÿ“ˆ

Conclusion

In conclusion, the USDJPY market presents various opportunities and challenges as it navigates through critical support and resistance levels. With the current price at 144.570 JPY, traders must remain vigilant, utilizing technical indicators such as EMAs, RSI, and MACD to make informed decisions. Additionally, keeping an eye on upcoming USD news will be vital for anticipating market movements. As always, risk management should be a priority in this dynamic trading environment.