Analysis of #USDJPY
Hi traders, today we will have a look at #USDJPY
The USDJPY is unwinding the move up from this year and we can expect the DXY to continue down, the game now is selling dollars before others lol.
I am now looking for as well 137.00 because we have trend line resistance lining up with previous structure support no becomes resistant level...
Contrarily to EUR/USD, the USD/JPY is inside a strong bearish rally where the price in the last sessions dropped very strongly without any pattern of accumulation or retracement. Our forecast is about a continuation of this tendency. The release of the US news today will be crucial to the realization of our Idea because in today's European session, attention will...
USDJPY is in a downtrend. at the resistance level 135.46, if the price fails to break through I expect the price to test the key support zone 131.20.
I expect a short-term rebound. Wait to buy the red zone, target 135.46 >> GooD Luck 😊
This pair is moving according to my previous idea after we got the move back up into the early 140's price went as expected and is now at the predicted level of 135 and is creating new SUPPLY/SELL zones as it moves which is very good.
You can see 135 is the start of a untested Weekly/Monthly DEMAND/BUY zone so you should expect buyers to start coming in below...
our major support now is mentioned on the chart with a green circle and we are expecting the price to pump from this support zone to the targets and resistances that are mentioned on the chart.
DISCLAIMER: ((trade based on your own decision))
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After our previous target in USD/JPY also today the price is still inside a strong Bearish rally where the price may take advantage of the USD if all the economic news like the Average Hourly Earnings m/m, the Non-Farm Employment Change, and the Unemployment Rate will have a bad release for the USD. Our Forecast is about a Bearish continuation.
US releases employment data tomorrow at 8:30 am eastern. Expecting the news release to weaken the dollar against a strengthening Yen causing a spike downward. I have based my analysis on the last time USDJPY saw these prices in late August of this year.
Sell Entry: 135.000
Targets: 134.800 | 134.000 | 134.000 | 133.650 | 133.200 | 132.750 | 132.400 ...
USDjpy decline to test bottom bolinger on 4hr chart 10 red candles too many let’s see if green will show up.
On smaller time frame some hammers around same level
If price declines more I will look to increase position
Pair Name : USDJPY
TimeFrame : 4Hrs
Direction : Short
Type : Swing
Target Range : 450 Pips
(TP/Down +220 Pips) Expecting 450 Pips
Neat and clean chart with clear setup, no junk on chart.
If you like this idea, then...
Ok so USD/JPY has had a nice downtrend since Late October.
Right now we have had a nice push to the downside and have run out of momentum. To continue down we need to grab more liquidity and we have 3 Order Blocks this might happen at.
I also like that we have exhausted around a un mitigated OB and it's sitting around the 200 EMA, This should give us the...
USDJPY is bearish right now and I think that market conditions
Are right for the move down
Therefore, I think it is sensible to go short!
Like and subscribe and comment my ideas if you enjoy them!
Hello Traders! This is my analysis for USDJPY for today. Yesterday we had a significant drop on this pair without any sign of retracement.
In the place, the price is right now in a demand and support zone, and looking to buy it for the next supply zone near!
Like if you agree with this idea and comment with your opinion!
Generally the direction is down trend but it possible to retest first then will continue the down trend
so the main condition to be more down trend is stable under 133.55 then the target will be
132.80 , 132.10 , 131.21
support line : 132.80 , 132.10 , 131.21
resistance line : 134.69 , 135.20 , 135.90
The Japanese yen was the strongest performing currency this week, rising about 4% against the US dollar, with USD/JPY plunging below 134 to levels not seen since mid-August.
Two favourable fundamental developments have fueled the yen's strength:
a) Federal Reserve Chair Jerome Powell said that US interest rates might be hiked more slowly starting in December,...
Quick update on my previous post as expected we dipped under 135 actually down below 134 price was extremely oversold across leading into the NFP release then my indicator giving the green light to enter.
I have already closed 50% of this position and the stop loss is at entry will trail the stop as we move up
Read my previous to learn how I was able to...
Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.