BEGINNER TRADERS MAKE USE OF THIS BASIC REACTIONIdentify a higher time frame poi. Pop down to a lower time frame and wait. Wait for price to display the sell model or the buy model. Entry at lower time frame poi after price displaced and had a CHOCH or MSS.02:55by darrenblignaut780
DEMAND HAS BEGAN TO RISE IN USDJPY!Price recently bounced up from 157.730 to 158.16 ahead of US retail sales report and JAPAN Balance of trade report. UJ may continue to rise in demand if price trades above 158.256Longby Cartela0
DEMAND HAS BEGAN TO RISE IN USDJPY!Price recently bounced up from 157.730 to 158.16 ahead of US retail sales report and JAPAN Balance of trade report. UJ may continue to rise in demand if price trades above 158.256Longby Cartela0
Exactly what I predicted You can check my page and see what I posted yesterday about this chart exactly It's still MOVING around my yellow line 😁😁by Forexnelson1
****** USDJPY UNIQUE IDEA *****Hey team hope you Allam are enjoying our ideas and analysis. Now we are here to discuss about USDJPY. USDJPY is making bullish pennant and almost ready for breakout. After this breakout we can see again upto 100Pips+ soon ✍Longby Williamforex0
USDJPY BBMA Strategy ZZL H4/H1 buy H1 EMA50/MA LOW H4 TP1 MA High H4/Pervious High H1 SL H1 EMA89 ---- safety trade wait till CSAK close above midbb first (TF m15 for ZZL H1).Longby mtuserUpdated 0
USDJPY InsightHello, dear subscribers! Please share your personal opinions in the comments. Don't forget to like and subscribe. Last week, the central banks of the United States and Japan held their monetary policy meetings. The US Federal Open Market Committee (FOMC) decided to keep interest rates unchanged and indicated one rate cut this year through the dot plot. The Bank of Japan also kept its benchmark interest rate at 0.10% and decided to reduce the scale of its government bond purchases. As of now, the Fed maintains a hawkish stance, while Japan maintains a dovish stance. - On the 18th, US retail sales will be announced. - On the 19th, the minutes of the Bank of Japan's monetary policy meeting will be released. - On the 21st, Japan's core consumer price index for May will be announced. - On the 21st, the Fed's monetary policy report will be released. USD/JPY received support at the 152 level and rebounded, increasing its rise with trendline support. It is expected to test the resistance at the 160 level once again. If a pullback occurs according to the trend, it is anticipated to drop to around the 150 level, where the lower trendline is. If it breaks through the 158 level, we expect an additional rise to the 160 level, followed by a medium- to long-term decline to the 150 level. If movements differ from expectations, we will adjust our strategy accordingly.Longby shawntime_academy0
USDJPY 4Hour TF - June 17th, 2024Monthly - Bullish Weekly - Bullish Daily - Bullish 4Hour - Bullish "Do you think it's Bullish?" Scenario 1: We are kind of in uncharted territory because we have not seen UJ near these highs since 1991. Not sure I trust those levels so my max target for a long position will be the 160.00 area where the most recent highlighted wick is. We just need more structure to base levels off of. Look for a higher low and continuation of this bullish trend. Scenario 2: The only way i'd feel comfortable shorting this is if we saw a major break of our 156.250 zone. Look for clear bearish structure below and it would become a great prospect to short.Longby ForexLeague0
USDJPY M20 Idea- The USDJPY is poised for an initial target of 157.000, with favourable buying opportunities.by GOLDFXCC0
USDJPY Analysis for the week aheadOn the Daily chart I see that price is trading sideways in a range. Currently at resistance level signaling a strong Bearish possibility, especially it if breaks the trend line by bmilesbhg0
ST Bullish Bias JPYUSDNot really motivated to explain, look at my analysis, use your own judgement and discretion, my analysis are only purposed to encourage your personal bias, best of luck. As always, not FA have your own TP, don't use my TP has a reliability, I will not be held accountable also have your own SL, not my fault you become liquidity. DXY still overall strong, but weak in the short term. Longby PepeJTheTrader0
Fundamental Market Analysis for June 14, 2024 USDJPYEvent to pay attention to today: 17:00 GMT+3. USD - UoM Consumer Sentiment USDJPY: The USDJPY pair is gaining strength around 158.000 during Asian trading on Friday. The pair is rising after the Bank of Japan (BoJ) announced its policy decision. According to reports from the Nikkei, the BoJ is considering reducing its government bond holdings. Currently, the BoJ plans to buy about 6 trillion yen (approximately $38.5 billion) worth of bonds each month. The central bank has stated that it plans to purchase between 4.8 trillion yen and 7 trillion yen worth of bonds per month. Federal Open Market Committee (FOMC) policymakers have revised their forecasts and now predict only one rate cut this year, up from three cuts that were predicted in March. The forecast revision signals a more aggressive approach to managing inflation and maintaining economic stability, which favours the resilience of the US dollar. Investors are awaiting the release of the preliminary US consumer sentiment index from Michigan, which is scheduled for Friday. This index will provide additional information on consumer confidence and the economic outlook. Trade recommendation: Trading mainly by Buy orders from the current price level.Longby Fresh-Forexcast20040
USDJPY Resistance Breakout At 157.979 14.06.2024- USDJPY resistance breakout at 157.979 on 1hr chart. - If breakout holds: - Target 159.630. - Break above 159.630 targets 161.731. - If breakout fails: - Target 156.679. - Break below 156.679 targets 155.659. Apply Risk Management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy0
USDJPYStill bullish long term here. Although i sense a possible exhaustion. I've marked out two possible scenarios, in the end the price will most definitely hit the 151.937 point. Let's see how this plays out.by PrimexCapital0
Could the USDJPY retest 160?When the BoJ increased interest rates in March, for the first time in 17 years, the Yen continued to weaken due to the perceived lack of commitment toward further rate hikes. In April the BoJ kept rates on hold at 0.10%, which saw the Yen react with further weakness. The BoJ is due to release its Policy Rate and Monetary Policy Statement tomorrow (Friday). With the USDJPY currently at the 157.25 price level, a resumption of strength on the DXY following the FOMC decision yesterday could see the USDJPY climb up to the resistance level of 158 before the BoJ decision. If the BoJ decides to keep rates on hold and not take any further action on reducing its bond purchases, the Yen could weaken further, pushing the USDJPY higher toward the all time high of 160. This is likely to make it very interesting as it would reignite the speculation of a possible currency intervention from the BoJ Longby JinDao_Tai1
Dollar-yen seems unlikely to break ¥158 immediatelyThe divergence in monetary policy between the USA and Japan is still likely to remain for at least many months and possibly years. This week’s meeting of the Bank of Japan (‘the BoJ’) probably won’t result in any shift in rates, but attention is on whether the BoJ might reduce its purchases of bonds. For now, there’s no discussion of any further intervention to stabilise the yen, which has now lost more than half of its value against most other hard currencies since 2021. The 61.8% weekly Fibonacci extension around ¥158 looks like a very strong resistance which will resist testing unless upcoming data or the BoJ’s meeting deliver a genuinely big surprise. The slow stochastic at around 78 is very close to overbought but not yet in the zone of buying saturation. Usually, second and subsequent tests of a certain area tend to be less likely to break through without a fundamental catalyst. That’s why it would traditionally be preferred for a trend-following trader to buy in lower in this situation. The main dynamic support here is the 50 SMA from Bands slightly below ¥156. That probably doesn’t look too appealing for sellers except in the short term because it’ll be more difficult to find a good ratio of risk to reward for such a trade. The BoJ’s meeting in the early hours GMT of Friday 14 June is the key news coming up, but traders will also monitor American retail sales and Japanese balance of trade on Tuesday 18 June. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.by Michael_Stark_Exness0
USDJPY - Sell StopSelling after the previous low is broken as there is divergence.Shortby Alee_KolachiUpdated 0
USD/JPY Ready For Sell After Daily Closure , Are You Ready ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.Short00:42by FX_Elite_Club0
USDJPY ShortBoJ intervention area 160. Retail traders are less short the pair then a month ago. Elliott wave patterns suggest a decline even if it's temporary (orange waves). We just had a decline just before invalidation of the orange scenario.Shortby dscharalampidis0
USD/JPY - iNTRADAYInteresting structure after upward momentum !! After breakout the trendline with a acelerated form you can execute against movement.. We have to be patience.. Use your favorite entry strategy !! Keep it Simple! If you´re like it, FOLLOW ME !! Longby DAISTRUM0
USDJPY Short 1HUSDJPY is showing bearish divergence, the price action is expected to be bearish. Trade plan is to take sell entry at breakout of previous HL.Shortby H2TO0
Signals for USDJPYTrade 1: Internal range model 2 setup Trade 2: Range model 1 setup - sweep of the internal range high Trade 3 and 4: Same as trade 1 and 2 but for the external range Confirmation: 15m flip in market structure with follow through Follow for more by Trade-Journal111