USDJPYOn the 4 hour chart we have a shift of market structure from bullish to bearish. As we await the release of NFP data, my view is a bearish continuation irrespective of the magnitude of NFP data.by morrisgitau4
Do you remember it? USDJPYMy old friend finally decided to listen to me and make a good drop. More is coming of course, and i expect a reclaim of the 146.000 level sooner or later (probably before june). I placed another sell limit at 154.500, in case will see a spike to liquidate some shorts. Holding all for the long termShortby CryptoForexGem1
USDJPY: Time For Pullback?! 🇺🇸🇯🇵 USDJPY looks quite oversold after a test of an intraday horizontal support. After a false violation of the underlined structure, the price started to grow and broke a resistance line of a falling wedge pattern. We may expect a pullback today, at least to 153.7 level ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader116
Strifor || USDJPY-02/05/2024Preferred direction: SELL Comment: The dollar is expected to fall even when paired with the Japanese yen . By the way, our previous trading idea worked out perfectly, and the target was fixed at the level of 153.222 . At the moment, another approach to this level is expected, with a high probability of its breakdown downward. The trade is short-term, and one can count on such a movement within 1-2 days . The two most likely scenarios for this trading idea are depicted in the chart. Additional comments on this trade will be provided as situation changes. Follow us! Thank you for like and share your views!Shortby Viktor_strifor_analystUpdated 332
@@@@ USDJPY UNIQUE IDEA @@@@#USDJPY UPDATE Hey team hope you all are enjoying our ideas and analysis. Now we are here to discuss about USDJPY. USDJPY is making Ascending channel Pattern. And almost ready for breakout. After this Breakout we can see drop upto 200Pips+. Keep in touch we will update further soon.Longby Williamforex1
USDJPY DAILY TIMEFRAME OUTLOOKPrice is currently falling to a pullback support level of 151.700 From the technical standpoint, price may have a bounce to the upside from that price point. A buy limit is envisaged from $151.700 level.Longby Cartela0
USDJPY-BUY strategy 4-hourly chartThe overall trend is likely to see test of 150.00 looking at weekly chart. The short-term charts are oversold for the pair, and the low stochastic on the 4-hourly chart and having met near the objective, I feel we may see recovery. Strategy BUY @ 152.75-153.00 and place SL below 151.78 and take profit @ 155.17 for now. Longby peterbokma2
USDJPYThere is a possibility of making inverted Head and Shoulder pattern in 5 and 15 minutes chart. Looking for a buy opportunity. Use proper risk management. Thank youLongby joelkurien2
what do you think ?I dont the way the markets r so siggly at the monent I feel like it could happen .... n/y ?Shortby JIMRACKS0
USDJPY SELLUSDJPY had a good bull however, it is time to give back to market Shortby PotentFXUpdated 18
USDJPY shortUSDJPY made a inverted cup and handle pattern which indicates about the bearish of the market.Shortby Saad_Amjid0
Maybe this analysis will help you get richThe yen jumped to a two-week high against the dollar yesterday amid speculation that Japanese financial authorities would step in to support the currency for the second time in a week. This was the USD selloff that followed the FOMC meeting, with USD/JPY rising to 153.000. However, the yen pared some of its strong intraday gains and continued to fall during Asian trading on Thursday, bringing the pair back above the round 156.000 level. The Bank of Japan has left interest rates at zero and said it will continue buying government bonds as recommended in March, in a sharp departure from hawkish signals from the US Federal Reserve. In fact, the Fed said Wednesday that it wants to be more certain that inflation will continue to fall before cutting rates. This, along with some USD buying, has provided support to the USD/JPY currency pair amid a positive risk tone, which has undermined the yen's safe-haven ability. Trading suggestion: Watch the 154.000 level and take a sell position on the rebound. If it consolidates above, buy positions.by wp60wp60Updated 1
USDJPY SELL THE TRENDOANDA:USDJPY OANDA:USDJPY FOREXCOM:USDJPY FX:USDJPY PEPPERSTONE:USDJPY USDJPY will continue down to the point, so we are short position with the ABC trend right now.by TheFuturevipUpdated 11
USDJPY Targets Key Support Break for BearsHello Everyone, The USDJPY has experienced a notable decline recently, and now it's crucial to breach the robust support levels at 152.618 and 151.877 on the monthly and daily charts for the bearish trend to persist. Presently, we find ourselves comfortably below the monthly, weekly, and daily pivot points, suggesting favorable conditions for further bearish momentum. TradeWithTheTrend3344Shortby TradeWithTheTrend33441
JPY USD - Bearish Cup and Handle formation in last few weeksIdentified great Inverted Cup and handle formation and it trigger both targets as soon its break the neckline and now its doing a retracement. I am still suspecting it will be back from 0.006 price level which is a major resistance below the neckline and may proceed ahead with continuous downward trend.Shortby jahanzaibbukhari2
USDJPYI'm on sell position from morning time {IST time}. reason to take: form M pattern in 5 minute time frame. use proper risk management. Thank youShortby joelkurienUpdated 0
USDJPY another possible Short EntryDescending triangle is forming indicating a possible bearish continuous trend. This is not a Financial Advice just DYORShortby simonlynch4562
Flash Crash to Setup Mega Rip in USDJPY?Massive surge in the Yen at resistance and then a follow through drop. The likelihood of a strong reaction in the 160 was discussed in the post below: Question is, what happens now? If that's a true reversal then we're going to see crush and re-crush action in this. Consistently lower lows. Sharp rallies. Crushing new lows. However, if we make a low in this area - this might be the last big correction before the realisation of the generational USDJPY bullish breakout. Longby holeyprofitUpdated 4
USDJPY: Growth & Bullish Forecast Balance of buyers and sellers on the USDJPY pair, that is best felt when all the timeframes are analyzed properly is shifting in favor of the buyers, therefore is it only natural that we go long on the pair. ❤️ Please, support our work with like & comment! ❤️ Longby UnitedSignals112
Swing Set up - Long - USDJYTaking a buy position at 154.759. I haven't seen too many signs showing any weakening in this pair. We are about to break through a previous old high, I'll be holding this trade up until the 164 area or until I see serious signs of weakness on this pair, for now I'm long and will continue to trade with the trend. Let me know your thoughts or if you see something different. Happy trading! Longby CollectCapUpdated 222
USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen ) Description : Completed " 12345 " Impulsive Waves Break of Structure RSI - Divergence Bullish Channel as Correction in Short Time Frame Fibonacci Level - 161.8%by ForexDetective4
USD/JPY slides – did Tokyo intervene?It has been a remarkable week for the yen, which has exhibited sharp swings throughout the week. The Japanese yen fell as much as 1% earlier and on Thursday but has pared most of those losses. USD/JPY has risen 0.38% to 155.19 at the time of writing. Japan suspected of intervention In the Asian session, the yen fell as low as 157.55 but then recovered to precisely 153. The reason for the swing is unclear but there are strong suspicions that Japan’s Ministry of Finance (MoF) ordered another round of intervention. Japan’s top currency official, Masota Kanda, refused to comment on whether Japan had intervened. Kanda was also mum about whether there was intervention on Monday, when the yen spiked and fell below the 160 level before recovering. Money market movements indicate that the MoF did intervene on Monday, selling as much as $35 billion to prop up the yen. The yen’s swings Monday and today could signal that the MoF has targeted 160 as its “line in the sand” for intervention. Fed holds rates, US dollar slips There was no surprise from the Federal Reserve which maintained the benchmark rate in the target range of 5.25% to 5.50% on Wednesday. This marked a six straight pause, as Fed Chair Powell was clear that high inflation has delayed rate cuts. The rate statement said that inflation had fallen in the past year but there was a lack of progress towards the 2% inflation target in recent months. At a press conference, Powell said that the Fed was not yet confident that inflation was falling closer to the target. Consumer inflation has been moving higher and the US economy remains surprisingly strong, which has complicated the Fed’s plan to provide relief to households by lowering rates. Still, the Powell said the next rate move was unlikely to be a hike, which sent the US dollar broadly lower against the majors on Wednesday. The yen soared as much as 3.2% against on the dollar after the rate announcement and closed on Wednesday with gains of 2%. USD/JPY is testing resistance at 155.13. Above, there is resistance at 157.26 There is support at 152.27 and 150.14by OANDA1