USDJPY shortingUSDJPY shorting Price went down broke the structure and shifted for down trend. Currently I'm seeing price retracing back up and move down. Shortby Badi_GunnarsUpdated 3
Short-term and medium-term bullish outlookFX:USDJPY Analysis: After breaking the ascending channel, the price failed to approach the 153.50 support and reacted in the 154.99 range. In the short and medium term, we should see the upward trend of the price and the strengthening of the US dollar against the Japanese yen.Longby majidhossine1
TECHNICALLY, PRICE SUPPORT BUYERS!158.290 Remains a Watch-zone for traders as a break above that zone insight more bullish strength back to ¥160.426 which is a historic resistance zone. Technically , I’m looking forward to buying UJ if I see a break above 158.290Longby Cartela1
Dollar-yen, dailyThe 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. by Exness_Official1
Daily USD/JPY UpdatesHello Traders! As we can see yesterday was a down day and I like to buy after those days. Overall NFP has pushed price towards the HTF trend. Let's see if it keeps up. Long07:20by ForensicForex3
USD/JPY steady despite soft household spendingThe Japanese yen is calm on Friday. In the European session, USD/JPY is trading at 155.50, down 0.06% on the day at the time of writing. Japan’s economic activity has been sluggish and household spending, a key driver of economic growth, declined by 1.2% m/m in April. This followed a 1.2% gain in March and was well short of the market estimate of 0.2%. On a yearly basis, household spending rose 0.5%, up from -1.2% but short of the market estimate of 0.6%. Japanese households have been curbing spending as inflation is high and economic conditions remain gloomy. On Monday, we’ll get a look at Japan’s GDP for the first quarter and the forecast is not looking good. The economy is expected to have contracted by 0.5% q/q in Q1 after no growth in the fourth quarter of 2023. This would point to the economy barely avoiding a recession. On an annualized basis, the economy is expected to have declined by 2% after a gain of 0.4% in the fourth quarter. The Bank of Japan meets on June 14th and a weak GDP report could complicate plans to tighten policy. The BoJ has hinted that it will continue on the path to normalization but if the central bank doesn’t make any moves at the June meeting, the weak Japanese yen could lose more ground. In the US, the week wraps up with the nonfarm payrolls report for May. This release is one of the most important events on the data calendar but has found itself overshadowed by inflation releases. Still, nonfarm payrolls is a market-mover that can have a significant impact on the US dollar. The market estimate stands at 185,000 for May, little changed from the 175,000 gain in April. USD/JPY tested resistance at 155.81 earlier. Above, there is resistance at 156.21 155.19 was tested in support earlier. The next support level is 154.74by OANDA2
USDJPY may fall below 154.5On the 4-hour chart, USDJPY encountered resistance and fell back after testing the previous supply zone, and the short-term downside risk is relatively large. At present, the support below USDJPY is around 153.5. If it falls below, it is expected to continue to fall, and the support below is around 153.6. If the market does not break the resistance level of 156.5, maintain the trading idea of rebounding and shorting.Shortby XTrendSpeed2
USDJPY Hello everyone, USD/JPY is experiencing a slight recovery today after a significant downward trend. However, the outlook still favors further declines as the USD faces ongoing challenges. Moreover, the upward trendline has been broken, suggesting that the weakness is likely to resume following this brief recovery.by Alexander_BennettUpdated 7743
✨FULL USDJPY. Multitimeframe Analysis✨☝️Do not act based on my analysis, do your own research!! The main purpose of my resources is free, actionable education for anyone who wants to learn trading and improve mental and technical trading skills. Learn from hundreds of videos and the real story of a particular trader, with all the mistakes and pain on the way to consistency. I'm always glad to discuss and answer questions. 🙌 ☝️ALL ideas and videos here are for sharing my experience purposes only, not financial advice, NOT A SIGNAL. YOUR TRADES ARE YOUR COMPLETE RESPONSIBILITY. Everything here should be treated as a simulated, educational environment. Important disclaimer - this idea is just a possibility and my extremely subjective opinion. Do not act based on my analysis, do your own research!!by Yelli_tradesUpdated 998
USDJPY sideway waits NONFARM to break narrow marginThe Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves. Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the JPY while also mentioning that there is no limit to the resources for the foreign exchange intervention fund. The dollar is struggling after weak US employment data raises hopes that the FED will lower interest rates twice in 2024. Economists predict a rate cut in September in addition to the possibility of another cut. The possibility of the FED lowering interest rates in September. In the h4 time frame, there have been signs of a bearish reversal in the USDJPY pair. The 34 EMA has crossed down to the 89 EMA and the recently created highs are getting lower. Overall, the pair is still stuck in a narrowing price band and is waiting for Nonfarm today to break out of the band. Pay attention to important support and resistance zones: Support: 156,400-153,600 Resistance: 154,500-157,700by TVS-TraderUpdated 111
USDJPY in Ascending Channel ! 200 Pips UP! Dear Traders, i expect price will move up to middle of channel, First Target : 158.800 Second Target: 160 dont Forget like&Comment please! regards, Alireza!Longby alirezakUpdated 4
extensive options act as resistance About last week BOJ announce about JPY intervention also you can show very strong rejection from 6J Japanese index future from 0.0063 This can be considered as trading edge as you can go with Bank of Japan money Now check Elliot wave price is move down in impulse wave structure after that corrected in ABC flat pattern after that price break down out of channel I entry short on this re-test hope price continue doing down Shortby tofinse112
USDJPY OUTLOOK Current technical outlook on USDJPY. In alignment with the bearish dollar (earlier post) and expected rate cut towards the end of the year. I expect some sell to the down side on the USDJPY pair. "May fortune attend thee, and thy trade prosper." .......L2Earned Shortby L2EarnedUpdated 9
USDJPY - 4hrs ( Sell Trade Target Range 280 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 Retest 156.300 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Break Out - Fixed Range Lvn - Channel Middle Band - Day + week low Bullish Reversal 153.000 Area Reasons - Major Turn level / W - Pattern Target - Channel Lower Band - Choch Zone / D - 3Quarter + 2 Quarter high - year High Arae Shortby GoldenEngineUpdated 55187
USDJPY is likely to recover againDear traders! USDJPY is still falling. The support at 155.55 failed to turn UJ around and the downtrend continued. But based on the setup and model, it is expected that after UJ drops to 154.80, the price will recover based on the setup of a double top and bottom pattern that is likely to form. This price increase is expected to target the falling channel resistance area at the 156.80 mark. And do you expect a short-term recovery wave?Longby ConanForexUpdated 101026
USDJPY: We've seen the peak for nowYen's weakness has been one of the biggest stories of the last two years, but we are set for a reversal in the near term. Fundamentally, inflation and the economy are holding steady in Japan, and the carry trade looks very old. In late April, the big reversal shook many carry traders out and opened the door to a near-term reversal. This is a higher-risk trade for me than normal since the technical analysis is a mixed report. The trend indicates more potential upside, while the candlesticks and chart patterns point to a reversal. Momentum is neutral, encouraging an entry long, but the divergence demonstrates a sell. Any more weak U.S. economic news could move this pair along quickly. I think its current state is fragile. I'll update this chart as it evolves. OPEN SHORT Trend: Bullish Momentum: Neutral, Bearish Divergence Japanese Candlestick Pattern: An Evening Star Reversal could be forming this week. Chart Pattern: Possible Bearish Rising Wedge Support and Resistance: 151.50, 148.50 are in play near-term. U.S. ISM PMI and NFP could move the pair quickly this week. Shortby positionforexUpdated 224
USD/JPY Support Holds, 1W PP Retest Likely Before DowntrendHello Everyone, The USD/JPY pair has recently found support above the 1-month pivot point (1M PP). Despite this, the long-term outlook remains bearish, even though it might not seem so at the moment. Before moving downwards, there is a high probability that the 1-week pivot point (1W PP) will be tested again. TradeWithTheTrend3344Shortby TradeWithTheTrend33442
USDJPY ( 4H ) UPWARD USDJPY Tendency the price is under bullish pressure between 156.773 Turning level : The turning level 156.773, so as long as the price above this level, there will be a bullish trend resistance level : stable the turning level 156.773, the price will rise to157.931 as long as the price stabilize this level , there will be reach 159.134 support level : The trading stabilizing below156.773 , the price will reach the support level of 155,854 and154.700 corrective level : price will attempt 156.773, correct itself before upward Longby ArinaKarayi2
UJ potential sell off JPY News?Red folder JPY news tonight 8pm EST / 7pm CST per forexfactory.com Looking at liquidity below to be the target nice potential range play Paytience pays Shortby Onlypips4xUpdated 222
Daily USD/JPY Updates Hello Traders! We got another down closed candle. This is a smash Candle by definition from Larry Williams. This can be a turning point and new buying opportunity. Long10:41by ForensicForex5
USDJPY - 2nd chance sharing opportunityI believe the BOJ conducted its second FX intervention yesterday. As the market retested the sell zone, I shorted this pair and placed Stops at 156.82, which is a good 58 pips of initial risk. Once the market reaches 155.78, I'll shift my stops to the entry-level. This would prevent any losses incurred by hectic volatile movement. If all goes well, my 1st target would be at 154.85 and I'll keep my second target open. What are your thoughts on this?Shortby RaynLim221
USDJPY Hello friends It is not bad to have analyzes based on price action in our analyzes from time to time. In the currency pair USDJPY we see the breaking of the ascending channel and pullback to the ascending trend line located at the bottom of the channel. One can imagine the scenario of price reduction. Therefore, taking into account the possibility of changing the trend, you can enter the sell position. It is suitable to enter at these prices, which is in the range of 155.700, and stop loss can be considered in the range of 156.850. The static resistance target of 152.00 can be considered. To support me, I recommend that you install Trading View software on your phone and see my analysis and support me with your comments and Boost. Be successful and profitable.Shortby M_Gheysvandi117
USDJPY today USD/JPY is trading around 155.60 on Thursday. The daily chart analysis indicates a weakening uptrend as the pair breaks below the lower boundary of a symmetrical triangle pattern. Additionally, the 14-day Relative Strength Index (RSI) slightly below 50 suggests potential further declines, confirming a bearish trend. Immediate support for USD/JPY is at the psychological level of 156.00. Further support lies at the 34 and 89 EMA levels at 154.69. Breaking below this could increase pressure on the pair, potentially driving it towards the next support zone around 151.86.by Trader_BrianFX1112