USD/JPY : Long Trade Call - Harmonic Pattern AB=CDOn 1D scale. AB=CD pattern has been drawn. Therefore, LONG trade is in order. Keeping Risk/Reward 1 and 2 respectively, two trades are being taken. My trade values are mentioned on chart.Longby Golden_Spur1
To short or not to short , that is the million dollar question ?Several followers asked me this question and I am as clueless as they are. What is on the sleeves of BOJ ? Will they intervene like before ? For one , I wont be shorting this pair for the simple fact that it is in a bullish trend (going against it is unwise as I have been educated from the market umpteen times). As I am currently not vested in this pair, I will be sitting on the fence and watch the party. For those who are vested, perhaps it is good to trim your positions for some profits and ride the rally further up. How high will it go is anyone guess. Please DYODD by dchua19690
USDJPY - Long - JPY Very Weak - USD StrongIndicactors saying JPY Weak as can be heading straight down CCPV indicator. Short Bursts Aussey opening 1 min if NZD has brought so should they. 70ish and 100 p Longby NZ_SharemanUpdated 444
USDJPY bulls start againOn the 4-hour chart, USDJPY stabilized and rose again after experiencing a wave of highs and returned to the upward trend in the short term. At present, the lower support should focus on the 154.00-154.65 area, which may stabilize or go higher again. The upper resistance should focus on the 156.28 line. After breaking through, it will go to the resistance near 158.00.Longby XTrendSpeed2
USDJPY bullish terminatedI was waiting for this to happen maybe at the end of the week or beginning of next but this is it. According to my analysis and signals this it it for the USDJPY bull rally. daily bearish signal is confirmed. Waiting until the end of this week for confirmation signal. And, monthly is looking to follow as well. Let's wait and see what happens. Happy trades!Shortby TraderrologistUpdated 117
USDJPYLooking for a sell opportunity. I saw the M pattern in 15 minute chart. Use proper risk management. Thank youShortby joelkurien2
Elliott Wave Analysis on USDJPY Recovery Post BOJ InterventionUSDJPY has been in a roller coaster in the last few weeks due to the Bank of Japan (BOJ) Intervention. In this article, we will look at the short term Elliott Wave path for the currency post the intervention. We are calling the structure of the rally from 12.28.2023 low as a 5 waves Elliott Wave impulse. Up from 12.28.2023 low, wave 1 ended at 150.88 and pullback in wave 2 ended at 146.485. The pair then extended higher in wave 3 towards 160.21. The 45 minutes chart below shows the starting point of wave 3 high. Pullback in wave 4, which is supposedly when the BOJ intervened, took the form of a zigzag structure. Down from wave 3, wave ((a)) ended at 154.48 and wave ((b)) ended at 157.98. Wave ((c)) lower ended at 151.81 which completed wave 4 in higher degree. The pair has turned higher in wave 5. Up from wave 5, wave (i) ended at 154 and wave (ii) ended at 153.4. Near term, as far as pivot at 151.8 low stays intact, expect dips to find support in 3, 7, or 11 swing for further upside.by Elliottwave-Forecast112
Overlap resistance at 61.8% Fibonacci retracement?USD/JPY is rising towards the pivot, which acts as an overlap resistance, and could reverse to the 1st support. Pivot: 155.87 1st Support: 152.20 1st Resistance: 157.98 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.Shortby ICmarkets1
USDJPY Trendlines Analysis, Bullish and Bearish ScenariosIn technical analysis, a trendline is like a road that the price of a stock, currency, or other asset follows. Imagine it as a path where the price keeps bouncing up and down. This bouncing happens because of statistical probability – just like how certain things tend to happen again and again. However, that these bounces aren't always successful. Sometimes, the price can break past the trendline, like a car veering off its path. This is called a breakout. When a breakout occurs, it often signals a significant change in the direction of the price movement. Traders use breakouts to make decisions about buying or selling assets based on whether they think the breakout will continue or if it's just a temporary detour.by DNP-FX5
USDJPY Lazy Daily Trend TradeUSDJPY has been trending up on the JPY's long-term weakness. I've entered on the daily with as a pullback finishes and resumes its upward climb. Using a 1:1 R:R and 0.5% risk as always. Good luck!Longby JeffyT0
Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks. The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000. With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again? Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations. At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider. Last week, BOJ data suggested it had spent $60 billion to defend the yen. But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US). But can we expect the BOJ to intervene again and again? US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too. by BlackBull_Markets6
USDJPYThis is the possible WXY structure, since this was running upside this might be a pull back for further upside, I haven't marked trading zone yet. by Mntungwa87115
USD JPY 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
Usdjpy Analysis TodayUSD/JPY extends winning streak amid hawkish sentiment surrounding the Fed’s stance on monetary policy. Fed's Kashkari anticipates the prolonging of elevated rates and suggests that further rate hikes are not entirely ruled out. The Japanese Yen depreciated despite the potential for intervention by Japanese authorities.Shortby Senorita71111
USDJPY midterm LongThe USDJPY is likely to continue its upward path in the mid-term. There is still the possibility that the high of 29 April was only the X of the overshooting dark blue X and that the Y with a target of 135.58 will now follow, but this is not my primary scenario. I assume that the market is already on its way to its long-term high at 204.35.Longby Elliott-Waves-2_00
USD/JPY Short IdeaUSD/JPY looking very Bearish after the previous rally, also a clear Bearish Sk sequence , on the 15m time frame you can see a nice displacement TO the downside which is Bearish using ICT Concept. going down with it :) Good Luck GuysShortby MR-FX43321
USD JPY DAILY LONGUSD JPY failed to test 137.5 support after 2023 and entering 2024 it quickly came back to test its resistance at 152. this shows things have changed from what we were expecting in 2023 and its changing quickly. will 152 break? price is moving quickly towards it and we might see small draw backs but good readings on US economic data just fueled the movement. breaking 152 level will signal a big hike in USD JPY and will automatically bring 160 level to life followed by 170-175 main resistance level.Longby THE-real-DealUpdated 6
Idea 💡💡 for USDJPY #USDJPY pair rose early Wednesday, posting its third consecutive day of gains. The Japanese currency was once again in the hands of dollar bulls despite huge efforts by Japanese officials to strengthen its value. Last week, the Japanese government intervened in foreign exchange markets, buying about 60 billion dollars worth of yen. The operation was a mixed success - on the one hand, it helped the dollar-yen fall in value by about 5%, from 160.20 to 152.00 yen. But on the other hand, it showed currency speculators that Japan may not be a worthy opponent in a currency war. Against the world's top money makers, Japan doesn't stand much of a chance. It has limited resources and could be vulnerable to attacks that could destroy the yen. A concerted effort by dollar bulls - such as the one the markets are witnessing now - could pave the way for a yen appreciation, causing further misery and headaches for Japanese officialsLongby Forexfalcon011
order usdjpy*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.Longby iminigham111
USDJPY H1 Long! 8/5/2024W1 Ranging, D1 good uptrend candle, H4 smooth uptrend as well. SL - 153.731 TP - 157.475Longby LawrenceWongWBS227
USDJPY.. intervesion time for BOJ? Let's see#USDJPY... Market at his very crucial area 155.60 to 155.70 Wake up BOJ it's you turn now .. Let see what will be done from market.. If market hold that region then drop expected from here .. Keep close that region from 155.60 to 155.70 n 75 max Good luck Trade wisely by AdilHussain7313333
USDJPY.. intervesion time for BOJ? Let's see#USDJPY... Market at his very crucial area 155.60 to 155.70 Wake up BOJ it's you turn now .. Let see what will be done from market.. If market hold that region then drop expected from here .. Keep close that region from 155.60 to 155.70 n 75 max Good luck Trade wisely by AdilHussain7313331
USDJPYHello to all dear traders, Regarding the Japanese yen currency, the necessary confirmations have been given to start the correction. Therefore, we should carefully wait for the decline and start a great long-term trade at the right time. This currency has not had a proper correction so far, so selling movements in the coming days, especially next week, will show us whether we can have a proper entry or not. If I receive confirmation from you, I will definitely share excellent entry points here. From 4-hour to 15-minute timeframes, designed with simple and smooth charts, in accordance with the general taste. Best wishes for success to all of you dear followers. Respectfully, #Smart Money Concept #Liquidity #Hunter Shortby fereydoon119912