USDJPY It's resisting to push up in full breakout node. Considering the flag in lower time frames as a sell opportunity Shortby Thando1110
USD/JPY Trends: The Role of Economic Data and Policy SignalsFollowing the USD/JPY's ascent to 160.200, the currency pair underwent a reversal, marked by a retracement to the 50% Fibonacci level and subsequent bearish momentum, driving prices down to approximately 151.885. In Japan, Masato Kanda, a prominent figure in currency diplomacy, hinted at potential measures to address market volatility, signaling possible interventions. Recent speculation regarding Japanese government intervention led to a strengthening of the Japanese Yen (JPY), as evidenced by reports from the Bank of Japan (BoJ) suggesting significant allocations of funds, approximately ¥6.0 trillion on April 29 and ¥3.66 trillion on May 1, to support the JPY. In light of these fundamental developments, we are adopting a bearish outlook on the USD/JPY, anticipating further downward pressure. Our strategy involves initiating a short position with the placement of two sell limits, aligning with our bearish market sentiment. Shortby FOREXN1Updated 5521
USDJPYTarget hit. Those who took this trade got good profit. I already discussed why we took this trade. Thank youShortby joelkurien2
USDJPYLooking for a sell opportunity in USDJPY. Reason to SELL: 1. Forming 'M' pattern in 15 minute chart. 2. showing downtrend line in 15 minute chart. Use proper risk management. Thank youShortby joelkurienUpdated 116
Market Analysis: USD/JPY Gains Bullish TractionMarket Analysis: USD/JPY Gains Bullish Traction USD/JPY trimmed almost all losses and showing positive signs above 156.20. Important Takeaways for USD/JPY Analysis Today USD/JPY climbed higher above the 155.95 and 156.50 levels. There is a connecting bullish trend line forming with support near 156.20 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a decent increase from the 155.25 zone. The US Dollar gained bullish momentum above 155.95 against the Japanese Yen. It settled above the 50-hour simple moving average and 156.20. A high was formed near 156.78 and the pair is now correcting gains. There was a move below the 23.6% Fib retracement level of the upward move from the 155.68 swing low to the 156.78 high. On the downside, the first major support is near the trend line at 156.20 and the 50-hour simple moving average. The trend line is close to the 50% Fib retracement level of the upward move from the 155.68 swing low to the 156.78 high. The next major support is near 155.95. If there is a close below 155.95, the pair could decline steadily toward 155.25. In the stated case, the pair might drop toward 154.80. The next major support sits at 154.20. Immediate resistance on the USD/JPY chart is near 156.50. The first major resistance is near 156.80. If there is a close above the 156.80 level and the RSI moves above 60, the pair could rise toward 157.50. The next major resistance is near 158.00, above which the pair could test 160.00 in the coming days. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen3310
USDJPY : my 2 cents opinion of what BOJ doingSo far when I read in the MSM, I can say everyone is criticizing what the BOJ and Ueda did on Friday. JPY is free falling with grave consequences. But when I look at the chart, I think what I can see is more like rates going back to normal - in a historical context. I think by next week, the Yen would have finally broken FREE from the lost decades. And I guess they would not be so dumb as to go through another round of Plaza Accord type of arrangements. Good luck - lets help the Japanese by BUYING. P/S : As always, do not just believe what I say. Use your common sense.Longby i_am_siewUpdated 222
1:13 big ratio Sell UsdJpyThis is wycoff wave Entrance confirmed Use the same Stop LossShortby Dr_ihashemi67046114
Usdjpy 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
USDJPYToday gonna be watching out for the ninja. Overall Bullish bias so will be waiting for a sweep of the Asian accumulation and hope to get an entry inside the discount PD array and the buy side imbalance sell side inefficiency. Better Stops after we get an entry. Targets will be on the daily highs. NB: haba na haba hujaza kibaba Longby hskarue220
USDJPY - Long - 1:2RRLooking to take a long at 156.784 (Daily resistance) Confirmations 1. Closed into new range on the daily charts 2. Strong uptrend 3. Price has rejected off entry in the past 4. Monthly looks like it's trying to flip and drive 5. Price is slowing down near entry signalling a possible reversal Stops are placed below the nearest 4 hour higher low Longby PipShiestyUpdated 3
USDJPY SELL OPPORTUNITY Again USDJPY is giving us a Christmas gift with awesome reversal point. Clean H4 FVG, range below the main trendline, fibonacci reversal level (50-61.8 zone) and bearish divergence on H4 timeframe. Everything is good to hold USDJPY till the level 146.5 where we will probably have a strong rejection. It will need some weeks, probably months, but we will get there Shortby CryptoForexGem6615
USD/JPY - OF ALL PAIRS I CHOOSE USDJPY TO START WITH Welcome me to forex. This is my first call so yeah I'll make every bit worth it by providing a detailed scenarios but keep in mind FX:USDJPY is bearish long term, maybe bullish midterm to take up some liquidity but down is the way on the long run. All scenarios is counting ABC - Zigzag in which the 1:1 is at $164.938 to be completed. So this first scenario suggest that we are just about finishing the wave 5-orange of an Expanding Ending Diagonal of 5-yellow which is perfectly at $164.938 1:1 Fibonacci extension for the ABC-cyan. It could go 2 ways either we see price move to 1:! target ($164.938) from this moment or we could see a small retracement before then as shown on the chart. Which ever way, the KEY POINT is that price must reach $164.938 before the downtrend begins. So you might want to be a bit patient for that to happen before you jump in. Second Scenario will be attached below. OTHER ANALYSIS by DewyCandlesUpdated 2
USD/JPY - SECOND SCENARIO Welcome me to forex. This is my first call so yeah I'll make every bit worth it by providing a detailed scenarios but keep in mind FX:USDJPY is bearish long term, maybe bullish midterm to take up some liquidity but down is the way on the long run. All scenarios is counting ABC - Zigzag in which the 1:1 is at $164.938 to be completed. This second scenario suggest that we will see fall in price right from the current price as of the time of post to form a wave 4-yellow which supports the Elliott Wave Alternation rule that wave 2 and 4 'should' have a different corrective pattern. Unlike scenario 1 (see below) where both wave 2 and 4 is Zigzag, this scenario wave 4-yellow will be a FLAT What I love an=bout this scenario is that it presents bulls a good risk reward if they are going long either at the 1-cricle or 2 region and both invalidation level is the top of wave 1-yellow (red dotted line). PREVIOUS ANALYSIS OTHER ANALYSIS by DewyCandlesUpdated 1
USD/JPY - LAST SCENARIO This scenario is very similar to scenario one and I must admit it makes slight sense that scenario 1 and 2 (see below for previous analysis) because it will liquidate or trigger stop losses of early bears in scenario 1 and 2 plus the previous wave 1-5-green matches all criteria for a leading diagonal which gives assurance that we will see some more upside for wave 3 and 5-orange also touching or passing the 1:1 Fibonacci Extension slightly. Common thing about all the scenario is that they both have the potential to retrace to $148 region which is a good opportunity for scalpers or day traders if they want to tolerate their invalidation level being at the last high $160.5. FX:USDJPY PREVIOUS ANALYSIS OTHER ANALYSIS by DewyCandles1
LONG TRADE IDEA ON USDJPYCHECK PREVIOUS POST on April 29. The overall trend is bullish. looking to go long at the mitigation of the 1hr ob. Longby korency111
Its not ready to come down yetAll ideas are strictly my interpretation of price action. I am not a professional trader nor is this professional advice. I will continually update all trades.Longby THE_APIS_TRADER2
USDJPY SHORTThis is just simple trading idea draw into chart using labels and lines. Please use it as educational purpose and you are free to modify anyShortby akmalsabran90227
USDJPY Will Go Higher From Support! Buy! Please, check our technical outlook for USDJPY. Time Frame: 1D Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is approaching a significant support area 156.444. The underlined horizontal cluster clearly indicates a highly probable bullish movement with target 160.958 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider115
NEW IDEA FOR USDJPY The weakening of the possibility of intervention by the Bank of Japan weakens the yen By examining the trend in the four-hour time frame, USD/YEN, while maintaining the important support range in the range of 156.04-155.05, can increase to the resistance range of the ascending channel ceiling in the range of 161.30-160.21.Longby arongroups3
Fundamental Market Analysis for May 14, 2024 USDJPYThe Dollar-Yen pair continues to rally around 156.20 and higher in the early hours of Asian trading on Tuesday. The Japanese Yen is losing ground against the US Dollar (USD) despite the hawkish signal from the Bank of Japan (BoJ) to reduce Japanese government bond purchases on Monday, as well as unfavorable Non-Farm Payrolls (NFP) data for April last week. Investors will be more focused on key US economic data this week, including the Producer Price Index (PPI), Consumer Price Index (CPI) and retail sales. These reports will provide some hints as to whether inflation remains intractable, is falling slightly, or even possibly rising. The Producer Price Index (PPI), which reflects inflation at the wholesale level, is due out Tuesday and is expected to have risen 2.2% in April from a year earlier. The core PPI, which excludes energy and food costs, is expected to rise 2.4% y/y over the same reporting period. Traders can use the PPI report to gauge potential CPI results, and better-than-expected data could continue to strengthen the US Dollar (USD) against the Japanese Yen (JPY). As for the JPY, the Bank of Japan (BoJ) gave a hawkish signal on Monday by reducing the amount of Japanese government bonds (JGBs) it offered to buy as part of its regular buying operation. The move is expected to put upward pressure on Japanese bond yields and possibly narrow the gap between Japan and the US, which has weakened the Japanese Yen. However, the recent movement has been muted and has had little impact on the yen exchange rate. On Thursday, Japan will release the country's Q1 2024 GDP growth data. Stronger figures may lift the yen and limit the USD/JPY pair growth in the near term. Trading recommendation: Trade mainly with Buy orders from the current price level.Longby Fresh-Forexcast20040
USDJPY InsightHello everyone, welcome all subscribers. Please share your personal opinions in the comments. Don't forget to like and subscribe. Amidst the quietness of Japanese authorities, the prolonged high-interest rate policy of the United States is expected to maintain the interest rate differential between the US and Japan, alongside the outlook for the extension of this trend. This is likely to induce a decline in the yen, consequently leading to a strengthening of the dollar. However, significant market changes are expected this week due to economic indicators from both the United States and Japan. - On May 14th, the US Producer Price Index for April and a speech by Fed Chair Powell are scheduled. - On May 15th, the US Consumer Price Index for April and retail sales will be announced. - On May 16th, Japan's GDP for the first quarter will be released. - On May 17th, the Eurozone Consumer Price Index for April will be published. USDJPY has declined to around the 152 line, receiving support after encountering resistance at the peak, and is continuing its upward trend, poised to test the resistance once again. There is a high possibility of forming a peak around the 160 line, and if this range is not breached, a medium to long-term decline towards the 148-150 range, where there is a downward trend line, can be expected. In summary, after a short-term rise to the 160 line, a medium to long-term decline to the 148-150 range is anticipated. If there are any unexpected movements, we will adjust our strategy accordingly.Longby shawntime_academy0
💡USDJPY: Analysis May 14USDJPY increased yesterday, and bar D1 yesterday closed beyond the previous Inside bar pattern, creating a breakout to establish a new high, continuing the push to the bottom. This breakout could add further upside momentum to USDJPY D1. Structurally, USDJPY D1 is still moving sideways in the main price increase in D1. USDJPY H1 broke out of the accumulation price range to set a new high price peak, returning to the short-term upward price trend. However, right now USDJPY H1 is starting to be overbought - overbought - because the price has exceeded the upper boundary. At this time, you should not buy to chase, but should wait for the recovery period to decline before buying USDJPY H1. The buy zone for the day is the round number 156.00 + the upward sloping trend line at the bottom. If this zone is broken down, USDJPY H1 will weaken and serve as a basis for the idea of waiting to sell later. H1 trend: USDJPY increases. Today's trading idea: Buy USDJPY.Longby Stone_Haven227