The US dollar is experiencing volatility against most major currencies today, with market sentiment affected by predictions that the US Federal Reserve may start cutting interest rates. The Japanese yen remains an exception, maintaining its position against the dollar following the Bank of Japan's decision to continue its expansionary monetary policy. Federal...
Hello friends . According to the yen chart, we can see that the price has been created for a sell position at some point and will probably go down to the designated area.
It seems that if the USDJPY currency pair does not cross 145 strongly, the price of the dollar will decline
Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I expect bearish price action from here as price almost filled the imbalance and reacted from institutional big figure 145.000. Like, comment and subscribe to be in touch with my content!
Hello Traders! The target for UADJPY H1 was hit. Now I see a good opportunity to execute a short entry, taking into consideration the retracement from the resistance level, and the fact that DXY at the moment is weak. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your...
USDJPY H4 - The price has approached the upper border of the downward channel. There are 2 scenarios possible: a rebound from the border and continued movement towards updating local minima. If it fixes behind the trend line, the price may continue its corrective growth from the higher timeframe. To consider an entry, it is better to expect the formation of...
Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USD-JPY went up from the Lows but now the pair is About to retest the falling Long-term falling resistance Line while being oversold So I will be expecting a Local bearish correction !
Hello Traders! This is my perspective for USDJPY H1. I see a very strong descendant trend, and I expect a Bullish move until the price of 145.000. At the same level, the liquidity gap will be closed. In case of confirmation, I expect to see a strong Bearish move until the price of 142.500. Traders, if you liked my idea or if you have a different vision related...
USDJPY continues to display a strong bearish outlook as the price has once again broken structure to the downside, affirming a long-term bearish trajectory. Regarding potential opportunities around the current price, my strategy involves awaiting a price retracement to the nearest supply, identified on the 15-hour time frame. This scenario represents the next...
USDJPY has officially broken out of the bull channel it's been in since February 2023 and fell hard into the Weekly 200EMA! The final Daily bear candle closed with a large wick over 1/3 the total size and the following Daily candle closed with a long tail as well. Does that mean we're going up? How do we trade this? 🤔 A bear breakout on a bull channel after the...
Goldman Sachs Data reported on December 18 that Goldman Sachs has revised its forecast for next year's exchange rate and expects the US dollar to weaken further. “The biggest revisions to our forecasts are on exchange-sensitive currencies like the Japanese yen,” strategists including Danny Suwanapruti and Michael Cahill wrote in a Dec. 15 report. , the Swedish...
MERRY CHRISTMAS!! USDJPY has broken a major trend Retested the Trend w/ a Daily Evening Star Pattern Starting the week looking for a retracement into the sell side FVG Price Point 144.756-144.357
This idea is monthly, Patiently waiting at 143.6-142 zone. THis is not a financial advice, if this idea works then we might go lower for the end of the year. Follow for more.
Hey Everyone, While many traders believe that UJ will reverse and drop significantly, but, what we think price will continue the bullish trend as it is very unlikely that JPY will gain its strength back. UJ will at least move up 500+ pips before it may drop significantly. For this year, USDJPY remain too bullish in our opinion. what do you all think about it?
Reuters reported: The tax reform council of Japan's ruling Liberal Democratic Party has agreed to reduce income taxes to compensate households suffering from soaring prices and support a change in the deflationary mindset that has pervaded the country. past decades The move is also intended to encourage a healthy growth cycle driven by private sector demand, with...
Hi Traders! USDJPY is on a pullback and re-testing the trendline break, which opens up opportunities for short entries on the market's pullbacks. Here are the details: The market recently broke both the support trendline and the descending channel. Our plan is to sell rallies by looking for an entry near the 20 EMA and a target exit near the monthly...
OANDA:USDJPY yesterday also did not really change too much, with a slight decrease in sideways. However, the downtrend of the H4 chart is showing a quite positive signal, the price continues to move below the Trend. +Currently expect the price to increase slightly near the trend zone then continue to decrease at the resistance levels at 146.5-146.7 Wish you...