****** USDJPY UNIQUE IDEA *****Hey team hope you Allam are enjoying our ideas and analysis. Now we are here to discuss about USDJPY. USDJPY is making bullish pennant and almost ready for breakout. After this breakout we can see again upto 100Pips+ soon ✍Longby Williamforex1
USDJPY Analysis and Trade OpportunitiesLike I mentioned in our weekend live session, I don't see any BOJ intervention happening soon. The earliest I’m looking is when the market reaches 158.73, with the next level at 159.66. Around 157.74 is the level I'll be looking for a buying opportunity using the existing strategy that I've used for many years. Key Levels: Potential Intervention Levels : - 158.73 - 159.66 - Buying Opportunity : Around 157.74 Shorting Opportunities : 1-Hourly Chart : - Bearish Bat Pattern Completion : 158.15 - ABCD Pattern Completion : 158.39 if the Bearish Bat Pattern does not complete Strategy : - Buying at 157.74 : Use the tried and tested strategy that has worked over the years. - Shorting Opportunities : Monitor the 1-hourly chart for potential Bearish Bat Pattern at 158.15 and ABCD Pattern at 158.39. What’s your trade plan for USDJPY? Any valuable insights you’d like to share? Comment down below.Longby RaynLim2
Bearish drop?USD/JPY is reacting off a resistance level which is a pullback resistance and could reverse from this level to our take profit. Entry: 157.72 Why we like it: There is a pullback resistance level. Stop loss: 158.48 Why we like it: There is a resistance level at the 161.8% Fibonacci extension. Take profit: 155.79 Why we like it: There is a pullback support level which lines up with the 61.8% Fibonacci retracement. Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.Shortby VantageMarkets9
Bearish on USDJPYThe recent price action shows a push towards a resistance zone, indicating potential exhaustion or a reversal point. The shaded area marks a significant resistance zone around the 157.700 - 158.000 levels. This zone has been tested multiple times and has held as a strong supply area. Immediate support can be identified around the 156.500 level, which aligns with previous swing lows and a possible demand zone. A stronger support level is around 155.500, a psychological round number that has acted as a base for previous price reversals. Below the 156.500 support level, there may be sell-side liquidity, where sell stops from long positions could be resting. The resistance area (157.700 - 158.000) is a supply zone, where significant selling interest could push the price lower. A notable fair value gap (FVG) or imbalance between 155.500 and 157.000 from previous price movements suggests potential areas for price retracement. Entry: Consider entering a short position around the 157.700 - 158.000 resistance zone. Stop Loss: Place the stop loss slightly above the resistance zone, around 158.200, to account for potential liquidity grabs. Take Profit: Aim to take profits around the immediate support at 156.500 and a more extended target around the 155.500 level, aligning with the demand zone and previous lows.Shortby TopGBanks1110
Daily USD/JPY UpdatesHello Traders! I am still bullish on UJ and just going to take partials as price moves above PDH. Long01:06by ForensicForex2
USDJPY Possible Bearish MoveLiquidity grabbed, Bearish move in play from the major high, price heading to a FVG, hopefully to continue the sell. Remember: Risk Management Very ImportantShortby habinelUpdated 1113
USD/JPY: Overbought or Just Taking a Breather?Following the Bank of Japan (BoJ) maintaining its overnight rate between 0.0% and 0.1% and announcing that a bond-taper plan will be delivered at next month’s policy-setting meeting, the Japanese yen (JPY) and yields traded southbound. Technical View Supports Buyers Technically, the USD/JPY is an interesting market. In the long term, the trend is unquestionably to the upside, visible on both monthly and daily charts. Having said that, upside momentum has slowed, as shown through the negative divergence on the monthly chart’s Relative Strength Index (RSI) and daily action testing the upper edge of the 50.00 centreline. Structurally, monthly support is seen from ¥150.80, and the channel resistance extended from the high of ¥125.85 was retested as support in recent months. ¥160.20 resistance (high from the 1990s) remains a logical barrier to note overhead, though, through the daily timeframe, active resistance entered the fray on Friday at ¥157.81: the last technical line of defence before opening the door to daily resistance at ¥159.88. Where does this leave price action in the short term (H1 chart)? Following a run on stops north of the big figure ¥158 and a subsequent retest of ¥157 (which held into the week’s close), resistance is now a concern at ¥157.37. Should offers be cleared at the aforementioned level, ¥158 could call for attention once more. In fact, given the lacklustre response at current resistance on Friday, this resistance echoes vulnerability and a breakout higher in early trading this week should not raise too many eyebrows. H1 and Daily Resistances Eyed for Bullish Cues Based on the above analysis, a breakout above H1 resistance at ¥157.37 could trigger short-term buying towards daily resistance from ¥157.81. Assuming a daily close above the noted daily resistance, this would place ¥158 in a vulnerable position and unshackle things for further breakout buying. Longby FPMarkets1
Bank of Japan Interest RatesBank of Japan is expected to Keep Interest Rates Steady The Bank of Japan is expected to keep interest rates steady this week and consider whether to offer clearer guidance on how it plans to reduce its huge balance sheet, in a slow but steady retreat from its massive monetary stimulus. At the end of its two-day meeting on Friday, the BOJ is expected to keep its short-term policy rate target in a range of 0-0.1%. The BOJ ended eight years of negative interest rates and other remnants of its radical stimulus program in March, on the view that prospects for inflation to durably stay around its 2% inflation target were heightening. In its latest projections, made in April, the central bank expects core consumer inflation to hit 2.8% in 2024, before slowing to 1.9% in fiscal 2025 and 2026. BOJ Governor Kazuo Ueda has said the central bank will hike rates further if it feels more convinced that underlying inflation will stay around 2% as it had projected in April. Nakamura, a sole dissenter to the BOJ’s decision to exit negative interest rates in March, also warned of recent weak signs in consumption and slowing global growth. “Real wages need to turn positive and households’ disposable income to rise more, for a cycle of rising income and expenditure to strengthen,” he said, adding it was appropriate to maintain current monetary policy for the time being. Ueda reaffirms intention to slow its bond-buying process The BOJ has said it will proceed gradually in tapering bond buying with a focus on avoiding any abrupt spike in yields. A Reuters poll showed nearly two-thirds of economists expect the BOJ to start tapering its monthly bond buying, now set around 6 trillion yen ($38 billion), on Friday. The BOJ's decision to end negative rates in March has failed to reverse the currency's downtrend, driven largely by the market's focus on the huge U.S.-Japan interest rate divergence. While speaking to parliament on Thursday, Bank of Japan (BoJ) Governor Kazuo Ueda stated that inflation expectations are gradually rising but have yet to reach 2%. Ueda said, "We are still scrutinizing market developments since the March decision. As we proceed in exiting our massive monetary stimulus, it's appropriate to reduce bond purchases." While the comments suggest the BOJ is laying the groundwork for further interest rate hikes, Ueda cautioned that after such a long period without major changes in rates in Japan, it was difficult to assess the impact on the economy and what a neutral interest rate might be. The content published above has been prepared by CFI for informational purposes only and should not be considered as investment advice. Any view expressed does not constitute a personal recommendation or solicitation to buy or sell. The information provided does not have regard to the specific investment objectives, financial situation, and needs of any specific person who may receive it, and is not held out as independent investment research and may have been acted upon by persons connected with CFI. Market data is derived from independent sources believed to be reliable, however, CFI makes no guarantee of its accuracy or completeness, and accepts no responsibility for any consequence of its use by recipients. by CFI222
Could the USDJPY retest 160?When the BoJ increased interest rates in March, for the first time in 17 years, the Yen continued to weaken due to the perceived lack of commitment toward further rate hikes. In April the BoJ kept rates on hold at 0.10%, which saw the Yen react with further weakness. The BoJ is due to release its Policy Rate and Monetary Policy Statement tomorrow (Friday). With the USDJPY currently at the 157.25 price level, a resumption of strength on the DXY following the FOMC decision yesterday could see the USDJPY climb up to the resistance level of 158 before the BoJ decision. If the BoJ decides to keep rates on hold and not take any further action on reducing its bond purchases, the Yen could weaken further, pushing the USDJPY higher toward the all time high of 160. This is likely to make it very interesting as it would reignite the speculation of a possible currency intervention from the BoJ Longby JinDao_Tai3
Market Analysis: USD/JPY Continues To RiseMarket Analysis: USD/JPY Continues To Rise USD/JPY is rising and might take out the 157.40 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 155.25 and 156.25 levels. - There is a connecting bullish trend line forming with support at 156.85 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a strong increase from the 155.25 zone. The US Dollar gained bullish momentum above 156.25 against the Japanese Yen. It even cleared the 50-hour simple moving average and 157.00. The current price action above the 157.00 level is positive. A high is formed at 157.40 and the pair might continue to rise. Immediate resistance on the USD/JPY chart is near 157.40. The first major resistance is near 157.80. If there is a close above the 157.80 level and the RSI moves above 60, the pair could rise toward 158.50. The next major resistance is near 159.20, above which the pair could test 160.00 in the coming days. On the downside, the first major support is near the 23.6% Fib retracement level of the upward move from the 155.11 swing low to the 157.40 high at 156.85. There is also a connecting bullish trend line forming with support at 156.85. The next major support is visible near the 50% Fib retracement level of the upward move from the 155.11 swing low to the 157.40 high at 156.25. If there is a close below 156.25, the pair could decline steadily. In the stated case, the pair might drop toward the 155.25 support zone. The next stop for the bears may perhaps be near the 154.60 region. Trade over 50 forex markets 24 hours a day with FXOpen. Take advantage of low commissions, deep liquidity, and spreads from 0.0 pips. Open your FXOpen account now or learn more about trading forex with FXOpen. 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 FXOpen228
USDJPY: Short Signal with Entry/SL/TP USDJPY - Classic bearish pattern - Our team expects retracement SUGGESTED TRADE: Swing Trade Sell USDJPY Entry - 157.95 Stop - 158.60 Take - 156.73 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals116
I'm looking for sell setups.Those who are passionate about trading know that this is a tough business. You have to understand that the predictions people make regarding the price movement directions are based on probabilities. There is no such thing as 100 percent direction in the market and that is because the market can turn against you or your direction any time it wants. The reason doesn't even matter, it could be the news of some geopolitical changes, oil cut production or war, or many other factors that could impact the financial market. If you have one or more good reasons that the price will follow a certain direction all you have to do is to take a small risk entry in your direction with a good risk-to-reward ratio and just wait and see how the market will perform. A trader could have 1 good reason or a few reasons why his bias is up or down. The reasons could be based on particular studies, past behavior, fundamentals, technical analysis, or certain observations. The important part for you to understand is that the market is in a continuously changing process this means that yesterday's prediction, today could be irrelevant. The market does not have to follow your analysis. You have to follow the market, observe its changes, and react accordingly to them! I hope some of you will find this helpful, good luck!by Leorado1
USDJPY still bullishUSDJPY still bullish so far with higher targets as marked in the chart if JPY didn't do anything about it .Longby rekoo20112
USDJPY Analysis: Bearish Reversal on the HorizonAfter a strong bullish trend, I have identified a notable bearish formation on the USDJPY chart. Key technical indicators and chart patterns are signaling a potential market reversal to bearish. This could offer a valuable opportunity for traders to capitalize on the anticipated downward movement. Stay tuned for more detailed analysis and updates!Shortby forexNetwork10Updated 1
USDJPY short We have the BOJ monetary policy meeting tonight where they will address the intervention that has been in place since the beginning of the year and a correction in the market may come from this US interest rate cut. Shortby NitroGEN25882
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGrove3311
USDJPY Uptrend Line Rejection At 157.626. 18.06.2024USDJPY Uptrend line rejection at 157.626. If rejection holds, target 158.147; next target 158.810 if 158.147 is breached. If rejection fails, expect a drop to 157.216; next target 156.894 if 157.216 is breached. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerLongby BDSwiss_Academy1
Usd/Jpy - H4 - seller are coming...Use good trade management only thing important in Trading is how you manage your trade... our signals are 95% accurate give us follow and motivate us by likes and comments... .. good luck..Shortby DreamsForx6
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 majidhossineUpdated 1
Volatility strikes USD/JPY within rangeThe whipsaws for the US dollar around US CPI and the FOMC meeting made its mark on USD/JPY, which closed the day with a large hanging man candle beneath the May high. Markets are still deciding whether to pay closer attention to softer inflation data or the Fed's relatively hawkish meeting, and that likely means confusing price action on USD pairs. The 1-hour chart shows strong volume accompanying the rally from Wednesday's low, which suggests another crack at breaking above the week's high. But with plenty of resistance overhead, bears may be tempted to fade into rallies on hopes of driving the pair back to the range lows around 155. Shortby CityIndex1
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 12
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
Long trade Sunday 12th May 24 21,15pm Toyko Session Structure Day TF Entry 15min TF Entry 155.792 Profit level 157.398 (1.03%) Stop level 155.476 (0.20%)Longby davidjulien369Updated 2