UJ H 4 $HORTTechnically speaking 155-156 area acted as a critical support for a movement towards 160 last week. testing 156 and loosing momentum was the name of the game for UJ at this current moment. there were rumors of BOJ being the one selling UJ from 160 area and this has reduced bulls confidence. if 156 proves to be stiff , there might be U turn from here towards 152 area where the base support was established long time ago. on the other hand if labor market data in US keeps disappointing , FEDS will probably cut rates even if inflation stands tall. next week inflation data will guide the market even more. Any strong break above 156 will keep the chances of another 160 open. better to have a SL above 156 area to avoid market noise.Shortby THE-real-DealUpdated 3
USDJPY SIGNALHi traders , here we showing the new move for usdjpy. keep flow usLong03:39by FOREX_HIGHT1
World shares climb on Fed cut bets, China gains; yen weakensAccording to Brent Donnelly of Spectra Markets, the US dollar appears increasingly susceptible due to a combination of heavily skewed speculative positions and early signs of softening in certain US economic indicators. Last week, the USD saw a general decline following a surprisingly dovish Federal Open Market Committee (FOMC) meeting. The Fed indicated a more significant reduction in quantitative tightening starting in June, and Fed Chair Powell consistently downplayed the likelihood of rate hikes. Additionally, recent data suggests that the Fed might maintain higher interest rates longer than previously expected, amidst weakening job and wage growth. Conversely, the Japanese Yen lacks strong fundamental backing as the Bank of Japan (BoJ) may struggle to raise interest rates further due to slowing inflation. However, the Yen could find some temporary relief from hawkish tones regarding the scaling back of the quantitative easing program. Despite these factors, the USDJPY FX:USDJPY pair is expected to maintain its upward trajectory, bolstered by the Fed's prolonged high-rate policy and positive global growth forecasts. Technically: On the daily chart, USDJPY has rebounded from a significant support zone between 152.00 and 152.85, reinforced by the convergence with the trendline. This movement was catalyzed by buyers capitalizing on the dip following the U.S. NFP report miss, which largely did not alter the broader market outlook. For sellers to shift the market sentiment and initiate a bearish trend, the price must break below the trendline, specifically through the levels at 152.00 and 150.77. If achieved, this could set the stage for targeting new lows, with 146.00 as the primary objective. Pivot line: 152.855 Resistance line: 155.77, 157.80, 159.82 Support line: 151.69, 150.77, 146.40 The expected trading range is between support 150.77 and Resistance 155.77 previous idea: by SroshMayiUpdated 7
USDJPYLooking for another sell. in 1 minute Timeframe, Trendline makes a up move. So waiting to breakout it. Use proper risk management. Thank youShortby joelkurien1
USDJPYLooking for a sell opportunity. Reason is to sell is to breakout trend in 5 minute chart. Use proper risk management. Thank youShortby joelkurienUpdated 6
Trading Signal For USDJPYTrading Setup: There is a Trading Signal to Buy in USDJPY Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 154.29 ⭕️SL @ 153.59 🔵TP1 @ 155.64 🔵TP2 @ 156.49 🔵TP3 @ 159.30 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading Forex, CFDs, Crypto, Futures, and Stocks involve a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. If you liked our ideas, please support us with your likes 👍 and comments .Longby pullbacksignalUpdated 228
USDJPY - bullish reversal after completing AB=CD PatternUSDJPY is completing breaish AB=CD pattern A Bullish divergence at PRZ is a good setup to BUy.Longby mubeenaslamuo6
retest of support after breakoutprice is going up because of big change in policy of two country it has breakout and now testing big yellow horizontal support you have perfect technical setup here blue parallel channel horizontal yellow support fomo buying in crowd for 160 level by Sangam-Agarwal1
USD/JPYThe current buying zone for USD/JPY is at 155.80. This suggests that traders should consider opening a long position at this level, anticipating an upward movement in the currency pair. The take profit levels are set at 156.00, 156.50, and 157.00, indicating the points at which traders should consider closing their positions to lock in profits as the price rises. These levels are strategically placed to capture potential upward momentum while mitigating the risk of missing out on profits. Additionally, a stop loss is set at 154.30 to limit potential losses in case the trade moves against expectations. This risk management technique is crucial for traders to protect their capital and maintain a disciplined approach to trading. By adhering to these entry and exit points, traders can potentially capitalize on favorable market movements while minimizing downside risk. Longby FOREX_trade_01143
USD/JPY : Long Trade Call - Harmonic Pattern AB=CDOn 1D scale. AB=CD pattern has been drawn. Therefore, LONG trade is in order. Keeping Risk/Reward 1 and 2 respectively, two trades are being taken. My trade values are mentioned on chart.Longby Golden_Spur1
To short or not to short , that is the million dollar question ?Several followers asked me this question and I am as clueless as they are. What is on the sleeves of BOJ ? Will they intervene like before ? For one , I wont be shorting this pair for the simple fact that it is in a bullish trend (going against it is unwise as I have been educated from the market umpteen times). As I am currently not vested in this pair, I will be sitting on the fence and watch the party. For those who are vested, perhaps it is good to trim your positions for some profits and ride the rally further up. How high will it go is anyone guess. Please DYODD by dchua19690
USDJPY - Long - JPY Very Weak - USD StrongIndicactors saying JPY Weak as can be heading straight down CCPV indicator. Short Bursts Aussey opening 1 min if NZD has brought so should they. 70ish and 100 p Longby NZ_SharemanUpdated 444
USDJPY bulls start againOn the 4-hour chart, USDJPY stabilized and rose again after experiencing a wave of highs and returned to the upward trend in the short term. At present, the lower support should focus on the 154.00-154.65 area, which may stabilize or go higher again. The upper resistance should focus on the 156.28 line. After breaking through, it will go to the resistance near 158.00.Longby XTrendSpeed2
USDJPY bullish terminatedI was waiting for this to happen maybe at the end of the week or beginning of next but this is it. According to my analysis and signals this it it for the USDJPY bull rally. daily bearish signal is confirmed. Waiting until the end of this week for confirmation signal. And, monthly is looking to follow as well. Let's wait and see what happens. Happy trades!Shortby TraderrologistUpdated 117
USDJPYLooking for a sell opportunity. I saw the M pattern in 15 minute chart. Use proper risk management. Thank youShortby joelkurien2
Elliott Wave Analysis on USDJPY Recovery Post BOJ InterventionUSDJPY has been in a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short term Elliott Wave path for the currency post the intervention. We are calling the structure of the rally from 12.28.2023 low as a 5 waves Elliott Wave impulse. Up from 12.28.2023 low, wave 1 ended at 150.88 and pullback in wave 2 ended at 146.485. The pair then extended higher in wave 3 towards 160.21. The 45 minutes chart below shows the starting point of wave 3 high. Pullback in wave 4, which is supposedly when the BOJ intervened, took the form of a zigzag structure. Down from wave 3, wave ((a)) ended at 154.48 and wave ((b)) ended at 157.98. Wave ((c)) lower ended at 151.81 which completed wave 4 in higher degree. The pair has turned higher in wave 5. Up from wave 5, wave (i) ended at 154 and wave (ii) ended at 153.4. Near term, as far as pivot at 151.8 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast112
Overlap resistance at 61.8% Fibonacci retracement?USD/JPY is rising towards the pivot, which acts as an overlap resistance, and could reverse to the 1st support. Pivot: 155.87 1st Support: 152.20 1st Resistance: 157.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets1
USDJPY Trendlines Analysis, Bullish and Bearish ScenariosIn technical analysis, a trendline is like a road that the price of a stock, currency, or other asset follows. Imagine it as a path where the price keeps bouncing up and down. This bouncing happens because of statistical probability – just like how certain things tend to happen again and again. However, that these bounces aren't always successful. Sometimes, the price can break past the trendline, like a car veering off its path. This is called a breakout. When a breakout occurs, it often signals a significant change in the direction of the price movement. Traders use breakouts to make decisions about buying or selling assets based on whether they think the breakout will continue or if it's just a temporary detour.by DNP-FX5
USDJPY Lazy Daily Trend TradeUSDJPY has been trending up on the JPY's long-term weakness. I've entered on the daily with as a pullback finishes and resumes its upward climb. Using a 1:1 R:R and 0.5% risk as always. Good luck!Longby JeffyT0
Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations. At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider. Last week, BOJ data suggested it had spent $60 billion to defend the yen. But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US). But can we expect the BOJ to intervene again and again? US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too. by BlackBull_Markets6
USDJPYThis is the possible WXY structure, since this was running upside this might be a pull back for further upside, I haven't marked trading zone yet. by Mntungwa87115
USD JPY signal USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.Shortby JohnHarry_71