USDJPY : Major breakoutMajor breakout seen on USD JPY. This is now set to go a LONG way !Longby algodynamix0
USDJPY Set for Bullish Surge, Eyes on 154.826 BreakoutHello there, USDJPY is trending Bullish at the H1, a minor bearish impulse is expected but a bullish break above 154.826 is the bullish interest. The needs to be a low greater than that level for the continuation of the uptrend and the bias is 155.393 with two price targets. Happy Trading, K.Longby KhiweUpdated 0
The possibility of correctionHello friends. Considering the drawn channel, I expect to have a correction up to the midline range. what is your opinion? Good luck. # Let's look simplyShortby HippoTrading228
Technical Analysis: USD/JPY Stability Amidst Correction SignsUSD/JPY is currently at its highest level in decades, at 155.00. This has traders concerned about the risks of Japan's intervention in the forex market. The strong recovery of the US dollar (USD) is also driving the USD/JPY higher. From a technical perspective, the market is stable but showing signs of correction. Prices are expected to retreat to the 0.5-0.618 Fibonacci level before resuming their upward trend.by Daisy_Anna2
There are two options for SELL on UJwe have two perfect LVLs in weekly and you can trade on them using LTF PA zoom in and be aware of them...Shortby MPfx_trader0
Technical Analysis: Bullish Outlook for USD/JPY Still ContinuesUSD/JPY is currently at multi-decade highs, closing at 155.00. Traders are exercising caution due to increased risks stemming from Japan's forex intervention. The recovery of the US dollar (USD) is bolstering the upward momentum of USD/JPY. From a technical standpoint, the pair is trading above the Simple Moving Averages (SMA), indicating a stable uptrend. However, there are signs of a corrective move, with prices expected to test the 0.5-0.618 Fibonacci retracement levels before resuming a strong upward trajectoryby Stephen_Anders65
USDJPY nearing resistance of Fib 127.1% extensionUSDJPY is nearing critical resistance zone level which is 127.1% Fib extension. When a chart enters unchartered territory these Fib levels help us identify supports and resistances.Educationby MunjaalRaval3
USDJPY Trend Reversal If you guys look carefully & analyze the Quarterly Time frame we can see supply has been met. Thus giving us more context as to why prices are lingering in that zone. It’s for the simple fact that the Quarterly EMA200 has been reached. This will imply a Reversal Trend and we might see price go down toward 130 Range. Always Trade Safely and view the bigger trend. The rest will follow. Shortby ericrios525339
DeGRAM | USDJPY pullback from resistanceUSDJPY is moving in an ascending channel near the resistance level. The volatility of the chart movement has decreased. The price has formed locally a small double top pattern. We think that the pair will correct from the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Shortby DeGRAMUpdated 338
USDJPY InsightHello to all our subscribers. Please share your personal opinions in the comments. We kindly ask for your support through likes and subscriptions. Amidst the situation where the Japanese authorities are refraining from market intervention, there is a growing expectation that the timing of the US interest rate cut will be delayed, despite the resilience of the US economy. This is leading to a situation where there is a surge in dollar buying and yen selling, and it would be wise to keep an eye on the issues this week as they could be key turning points. - The US first-quarter GDP will be announced on April 25th. - On April 26th, the Japanese interest rate decision will be made, and the US March Personal Consumption Expenditures Price Index will be released. - The US FOMC meeting is scheduled for May 2nd. USDJPY has been pushing strongly higher since breaking above the 152 level previously, indicating a strong rise towards the trendline resistance and possibly even higher towards the peak resistance. If there is a short-term decline, it is expected to be pushed back towards the trendline area before showing a renewed upward trend. We will then see whether it breaks above the peak resistance to extend the trend or experiences a pullback according to the trend. Given the significant issues lined up from this week to next, it seems necessary to continuously monitor the variables. The expected movements are as follows: First, a temporary retreat to around the 154 level followed by a medium-term rise to the 158 level. Second, a medium-term rise to the 158 level followed by a long-term decline to around the 152 level. If there are any unexpected movements, we will adjust our strategy accordingly.Longby shawntime_academy1
Fundamental Market Analysis for April 24, 2024 USDJPYThe Japanese Yen (JPY) continues to struggle to make a significant recovery and languished near multi-decade lows against its US counterpart during Wednesday's Asian session. Traders seem reluctant to make a decision and prefer to wait for an important Bank of Japan (BoJ) decision on Friday. In addition, this week investors will face the release of the advance first quarter GDP report and the Personal Consumption Expenditures (PCE) price index from the US on Thursday and Friday respectively. The combination of key central bank events and important US macroeconomic data will play a key role in determining the next leg of directional movement for the Dollar-Yen pair. Meanwhile, expectations that the interest rate gap between the US and Japan will remain wide, along with the overall positive tone on risk, continue to undermine the safe-haven Yen. However, speculation that the Japanese authorities will intervene to support the local currency has kept JPY bears from betting aggressively. In addition, the US Dollar (USD) is near its lowest level in a week following Tuesday's disappointing US PMI data, and this is another factor contributing to the USD/JPY pair's decline. Nevertheless, hawkish expectations from the Federal Reserve (Fed) should serve as a tailwind for the dollar and limit the currency pair's decline. Trading recommendation: Trade in the channel 154.200-154.900 on bounces from the levels.by Fresh-Forexcast20040
USD/JPY Intervention Risks: Caution PrevailsThe USD/JPY has recently surged to a multi-decade high of 154.88, reflecting a steady climb. However, uncertainty looms over the pair, with traders refraining from placing new bets due to the threat of Japanese currency market interventions. Widespread weakness in the US dollar is also curbing bullish potential. Despite reaching a new high for April and the past 34 years, the possibility of interventions by Japanese authorities has tempered bullish enthusiasm. Japanese Finance Minister has warned of direct intervention to support the yen, if necessary. Nevertheless, the USD/JPY remains above the historical intervention zone, ranging from 150.00 to 152.00. Investor focus is on US durable goods orders data, with the USD/JPY poised to react based on the outcomes. The upcoming Bank of Japan meeting on Friday could further impact the pair, with the central bank's accommodating stance potentially changing if inflation nears 2%. However, a rate hike by the BoJ during the meeting is unlikely. Additionally, US economic data performance could influence USD/JPY volatility, with GDP and personal consumption index among the anticipated releases. Technical analysis suggests that the USD/JPY needs to consolidate before its next upswing, with potential support between 154.55 and 154.45. In conclusion, while the USD/JPY maintains strength, traders exercise caution amidst intervention risks and US dollar weakness.Shortby Forex48_TradingAcademy113
USDJPY: Continue to conquer new high levels ? Hello everyone, I'm curious about your thoughts on the current trend of USDJPY? Lately, this currency pair has been maintaining stability at a high price level, currently hovering around 154.810 with little fluctuation and seemingly unchanged from the same time during yesterday's trading session. It recently touched a multi-decade high around 154.85 on Monday, closely followed by the psychological milestone of 155.00, which could act as an immediate barrier. The enduring strength beyond this level is seen as a new catalyst for bullish traders and sets the stage for an expansion of the well-established upward trend from the monthly lows observed in March. Longby Trader_BrianFXUpdated 111
USD/JPY looks set for 155 - but will the BOJ allow a breakout?At the beginning of April, Japan's ex-FX diplomat Watanabe said that the BOJ were unlikely to intervene with USD/JPY below 155. Well now the pair trade less than 80 pips beneath this key level (and less than a day's trade by recent standards), 155 is certainly the level to watch today. The strength of the bullish 1-hour trend makes it seem that USD/JPY has little choice by to at least try and retest 155. Prices are now consolidating after a mild pullback, RSI (2) is nearing oversold during an uptrend and the daily pivot point is nearby for dip buyers to consider longs. Should momentum turn higher from here, bulls could simply target 155. As for how it behaves if it meets that level remains to be seen. Yet prior attempts at key levels usually sees momentum either slow down ahead of it, or a volatile breakout is followed by a shakeout before prices revert beneath the key level. The only exception in recent history was IS CPI data which saw prices smash through 152 with apparent ease. But today we suspect market forces alone can drive prices higher without US data. The question remains as to whether the BOJ will remain quiet and allow the rally to flourish further. Longby CityIndexUpdated 0
USDJPYThe abbreviation USD/JPY represents the currency exchange rate for the U.S. dollar and the Japanese yen. The pair shows how many yen are required to buy one U.S. dollar—the quote currency and base currency respectively.Shortby HavalMamar0
USDJPY BEARISH MOVEMENTPrice has been in a bullish momentum since the beginning of 2024 and has broke the all time high of 151.681 in the daily time frame. Price has remained bullish and will continue to remain bulish until the 156.900 to 158.000 area. Using Top Down analysis, a clear liquidity has been taking on the 1Hour time frame, with a break high on the retracement and break above 154.794 to confirm buy entries. Stop loss below the 153.600, continue to target 1:2 to 1:2.8 RRLongby olegotsa16111
USDJPY Long term planAs i shared many times, i expect a drop in the long term for USDJPY. I drawed a clean main trendline that is obviously bullish, but i think we are going to change the trend soon. I expect some fast moves as soon as we start to approach the main trendlineShortby CryptoForexGem5
USDJPY → Trade Analysis | SELL SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰 Shortby TheGroveUpdated 9922
Technical Analysis: USD/JPY Increase Price OutlookThe Japanese Yen is currently receiving support from government intervention, but differing expectations from the Bank of Japan (BoJ) and the Federal Reserve (Fed), along with reduced tensions in the Middle East, have diminished JPY's role as a safe haven asset. From a technical standpoint, indicators continue to signal an upward trend. The Relative Strength Index (RSI) is above 60 and prices are trading above simple moving averages (SMA), indicating stability and growth potential for the Japanese Yen in the market.by Stephen_Anders2273
usdjpy currently on usdjpy the market has cleared the Buy-Side liquidity and is forming a market structure shift to reverse to the downsideShortby BigBenCapitals3
USDJPY - 4hrs ( Sell Trade Target Range 240 PIP ) Pair Name : USD/JPY 🗨Time Frame : 4hrs Chart / Close ➕Scale Type : Large Scale ------ 🗒 spreading knowledge among us and to clarify the most important points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money ✔️ Key Technical / Direction ( Short ) Type : Mid Term Swing ——————————— Bearish Reversal 154.750 Area Reasons - Major Turn level / M - Counter Trend Line - Inner Double Top Pattern - Rising Wedge Upper Band - Major choch / weekly - Fibo Golden Bullish Reversal 152.200 Area Reasons - Major Turn level - Visible Range Lvn - Bullish Choch Zone - Double Top Target - Rising Wedge lower Band - Choch Area - inner Trend Zone - Fibo GoldenShortby GoldenEngine88217
USDJPY will strengthen if the Bank of Japan does not interveneBy examining the trend in the daily time frame, USDJPY has a very important support in the range of 153.58 and it seems that if it is maintained, it has targeted the resistance range of the ceiling of the ascending channel in the range of 157.96-157.12.Longby arongroups2
Usdjpy May Fall DownFX:USDJPY The Japanese Yen remains on the defensive amid the BoJ’s uncertain policy outlook. A positive risk tone also undermines the JPY, though intervention fears limit losses. Reduced Fed rate cut bets act as a tailwind for the USD and lend support to USD/JPY. Traders now seem reluctant ahead of this week’s key central bank event and data risks. Longby Senorita71Updated 8