USDJPY Sell In ProgressAfter the pullback, USDJPY is ready for the big drop. Follow risk management Shortby PotentFXUpdated 448
Minimal effect of intervention The USD/JPY has slip after touching the 160.00 region and it is suspected as an intervention during the trading holiday in Japan. However, the effect was quite minimal as the dollar/yen pair saw bullish strength at 151.972 support. Going forward, USDJPY may head higher to test the immediate resistance at 151.70 before another round of sell-off occurs. mid to long term wise, we believe USD/JPY may head higher towards 162.71-163.74 resistance zone. Longby William-tradingUpdated 222
JPY Sell to 147.000 ( 1000 Pips )Dear Traders, it seems correction finished, and we will have rally to LL i expect price start downward movement to 147 , what you think about my idea? regards, Alireza!Shortby alirezakUpdated 7
USDJPY My Opinion! SELL! My dear subscribers, My technical analysis for USDJPY is below: The price is coiling around a solid key level - 156.41 Bias - Bearish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear sell, giving a perfect indicators' convergence. Goal - 154.93 My Stop Loss - 157.44 About Used Indicators: By the very nature of the supertrend indicator, it offers firm support and resistance levels for traders to enter and exit trades. Additionally, it also provides signals for setting stop losses ——————————— WISH YOU ALL LUCK Shortby AnabelSignalsUpdated 339
USD JPY Possible intervention in the next few hoursI think this will happen in the next few hours. Today. Based on experience from previous interventions, my opinion is based. If that doesn't happen today, then there really won't be an intervention. BOJ is targeting greater yen weakness. Thank youShortby DM2365Updated 779
USDJPYSell on the theory markets ranges 70% of the time. Any retracement is a better position to get in. Shortby ComteSt.Germain0
USDJPY PULL BACK SELLUSDJPY PULL BACK SELL 1H good supply zone 155.57 - 155.89 AIM 154 /152 2% risk per trade 2:1 close half GOOD LUCK!Shortby tntsunrise9941
USD/JPY jumps as US inflation drops more than expectedThe Japanese yen has posted gains on Wednesday. The yen gained as much as 1% but has given up about half of those losses on the day. At the time of writing in the North American session, USD/JPY is trading at 155.73, up 0.45%. US headline inflation didn’t drop by much, but it was enough to send the US dollar down against the major currencies. Headline inflation rose 0.3% m/m in April, just below the 0.4% gain in March and the market estimate of 0.4%. Annually, headline inflation dropped to 3.4%, matching the market estimate and down from 3.5% in March. The 3.4% gain marked the first time in four months that inflation was not higher than expected. Core CPI dropped from 3.5% y/y to 3.4% y/y and 0.4% m/m to 0.3 m/m. Both readings matched the market estimate. Investors liked what they saw from the inflation report. Prior to the report, the likelihood of a September rate cut was 64% and rose to 71% after the report. The markets have fully priced in two rate cuts before the end of the year, but are they being too optimistic? There wasn’t anything in the inflation release that would point to inflation falling to the 2% target in the near-term and Fed Chair Powell said on Tuesday that the Fed plans to maintain rates in restrictive territory. It will be interesting to see how Powell reacts to today’s inflation report. Japan releases first-quarter GDP on Thursday and the economy is expected to bounce back. The market estimate stands at 0.1% q/q, compared to -0.4% in Q4 2023. Annually, GDP is expected to climb 0.4% y/y, after a 1.5% decline in the fourth quarter. USD/JPY tested support at 154.83 earlier. Below, there is support at 153.72 There is resistance at 156.88 and 157.99by OANDA0
USDJPY🗝️ LEVELS TO WATCH👀 AND WHY 🤔 Hello Awesome Traders! I trust you had a rejuvenating weekend and are geared up for the exciting trading opportunities the new week has in store. Let's dive right into USDJPY, where a compelling setup awaits our attention. USDJPY has formed an ascending triangle pattern on its weekly chart, signaling a potential bullish move. The recent breakout above the resistance level at 151.944 marks a significant development, offering traders an opportunity to capitalize on the upward momentum. While some may view the weekly chart as a longer time frame, it's important to note that setups like these can yield numerous trading opportunities on lower time frames. For seasoned traders, this setup presents itself as a golden opportunity, ripe for exploration. Upon further analysis, I've identified a key level at 151.008 where we should keep a close eye for potential long positions. I'll keep you updated on any developments. In terms of profit-taking, it's wise to aim for partial profits to lock in gains along the way. Consider targeting the following zones: Partial Profits at 38% Fibonacci retracement level: 161.377 Target Zone 1 at 62% Fibonacci retracement level: 167.159 Target Zone 2 at 79% Fibonacci retracement level: 171.377 Stay tuned as we monitor this setup over the coming weeks, or even months. Warm regards, TCPLTPLongby TradeChartPatternsLikeTheProsUpdated 226
USDJPYLooking for a buy opportunity. Reason to Buy: 1. showing double bottom pattern on 1, 5 and 15 minute TF. Only looking for a 1.1 ratio. Use it carefully. Thank youLongby joelkurien1
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