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Japaneseyen

USDJPY The only chart you'll need for the next 10 years!This is the USDJPY pair on the 1M chart. The October rejection and subsequent deep red November may have come as a surprise to many but not if they've had been paying attention to this multi-decade chart that clearly shows the rejection was on a major, historic Resistance cluster. Before we begin, note that the October mega rejection was something we called for and clearly showed on our October 15 analysis, even on the short-term: Back to the multi-decade chart, as you see, this cheat-sheet shows all of USDJPY's major pressure points/ zones through the years that act either as Resistance or Support levels depending on the trend. With regards to October's rejection, we clearly see that this was made on a Lower Highs trend-line that was holding since December 1975, while the 1M RSI hit the top of a Channel Up that started after the October 1978 Low! On a large multi-year scale, there couldn't have been a better sell signal than that on USDJPY. As for the targets? The next pressure level in line is the 120.500 Pivot, where the price can make contact with the 1M MA50 (blue trend-line). A full-year rebound or consolidation after achieving that long-term target, can finally push for a test of the Upper Support Zone that is basically supporting USDJPY since January 2014. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
USD/JPY: SELL Forecast Idea with Daily Market Analysis - READContrarily to EUR/USD, the USD/JPY is inside a strong bearish rally where the price in the last sessions dropped very strongly without any pattern of accumulation or retracement. Our forecast is about a continuation of this tendency. The release of the US news today will be crucial to the realization of our Idea because in today's European session, attention will shift back to the U.S. and the November jobs report. Given Powell's comments on Wednesday and yesterday's PCE and ISM inflation data, one could argue that today's jobs report probably won't matter much. We already know that a 50 bps rate hike is coming in just under two weeks, and the question is what will follow after that. Many questions have been asked about what prompted Powell to change his stance slightly from when he was told at the press conference in November that stock markets were up after the decision was made. This calmer attitude may speak to some concern about the extent of economic weakness in the data we have seen this week, which may contribute to some degree to lower inflation. Nevertheless, despite growing evidence of a slowdown in the manufacturing sector, service sector jobs are still being created and vacancy rates remain high. This week we saw weekly jobless claims fall to 225,000 after a brief jump to 241,000. Non-Farm jobs in October were 261,000 and the September figure was revised upward to 315,000. Slightly more disappointing was that the unemployment rate rose to 3.7% and wage growth slowed to 4.7% from 5%. The report also indicated that while vacancy rates are still high, there is little sign of wage-price growth. Despite the resilience shown by the U.S. labor market, there is growing cause for concern. In the current earnings reporting season, major tech companies are laying off thousands of people. For example, Amazon has announced more than 10,000 job cuts worldwide, and even more, jobs will be created, and Meta recently announced 11,000 job cuts. Twitter, too, has people leaving the company, some of them voluntarily because they don't want to work for new owner Elon Musk. While not all of these job losses are likely to happen in the U.S., it looks like a trend is starting to take shape, although it will probably take some time to filter through the information, given that the vacancy rate is still high. On the other hand, it's important to remember that hiring trends tend to pick up in the run-up to Thanksgiving and Christmas at the expense of temporary employees. November is expected to add 200,000 jobs, up from 261,000 jobs, which would be the lowest this year, as is this week's weak ADP report. At the same time, the unemployment rate is expected to rise to 3.8% due to higher participation rates, while wage growth is projected to remain subdued at 4.6%.
Short
by FOREXN1
16
USD/JPY: Trend reversal. What's next? The Japanese yen was the strongest performing currency this week, rising about 4% against the US dollar, with USD/JPY plunging below 134 to levels not seen since mid-August. Two favourable fundamental developments have fueled the yen's strength: a) Federal Reserve Chair Jerome Powell said that US interest rates might be hiked more slowly starting in December, thus effectively anticipating a 50 basis point raise. On top of that, the latest stream of US data signalled that economic activity is slowing in this quarter pushing speculators to trim expectation for Fed interest rates in 2023. The yield on the US 10-year note dropped by another 15 basis points to 3.52% this week, putting it on course to notch its fourth consecutive week of declines. b) Asahi Noguchi, a Bank of Japan board member, said the central bank might "pre-emptively" withdraw monetary stimulus if trend inflation surpasses 2% for a long time. Technically, we have also observed pivotal signals that may portend the end of the dominant bullish trend and the beginning of a bearish one. Since its October highs (151.95), the pair has now dropped 12%, breaching both the 50 and 200 day moving averages as well as major Fibonacci retracement levels such as 23.6% (142.81) and 38.2% (137.19). The RSI has reached highly oversold levels not seen since March 2020, meaning that the bearish price action was rather violent.  What can we expect from here? A critical support zone is positioned between 130.3 and 132.65. If USD/JPY breaks below 132, it would have retraced 50% of its bullish expansion in 2022, a signal that might confirm the bearish trend reversal. The 130.3 represents the lows from August, which is another technical milestone. The US NFPs from today and the CPI due out on December 13 constitute the bullish risk event for the USD/JPY and might influence the Fed's tone at the FOMC meeting on December 14. Higher-than-expected NFPs or CPI data might rekindle dollar bulls and drive US yields higher on anticipation of a hawkish Fed, resulting in USD/JPY dip buying and a possible retest of 140 levels.
by Capitalcom
💵U.S.Dollar/Japanese Yen 💵Analyze (10/09/2022)!!!U.S.Dollar/Japanese Yen is running in microwave 5 of main wave 3 while main wave 3 is an extended wave. I expect the main wave 3 will be complete at my PRZ(Price Reversal Zone), and then U.S.Dollar/Japanese Yen will go down until the target that I specified. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Timeframe 2D⏰ Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
by pejman_zwin
💵U.S.Dollar/Japanese Yen 💵Analyze (12/01/2022)!!!U.S. Dollar/Japanese Yen moved as I expected 👇✅. It seems U.S. Dollar/Japanese Yen is near the end of micro wave 5 of main wave A (on PRZ (Price Reversal Zone)). I expect U.S. Dollar/Japanese Yen will go up at least to the end of micro wave 4 of main wave A. 🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ) Daily Timeframe⏰. Do not forget to put Stop loss for your positions (For every position you want to open). Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
2
InvestMate|USD/JPY Attention we are falling💱💱USD/JPY Attention we are falling. 💱 Looking at the current move on USD/JPY that we have just made, it is hard not to get the impression that the next wave of declines has just begun. 💱In the first half of the day it might have seemed that we would start an upward correction but very abruptly the market reversed the trend and pointed the direction for the coming days. 💱 This is all due to today's events that took place on the US dollar. 💱Turning to the chart. 💱 Ahead of us, below is a strong support zone defined by a cluster of two strong fibo levels the first is the 0.382 of the entire upward wave from the 2020 bottom to the current 2022 top. The second level is the outer level of the 1.272 of the downward wave from the 2015 top to the 2016 bottom. 💱 In contrast, there is a strong resistance zone defined by a cluster of fibo levels. The first is the outer 1.618 level of the entire downward wave from the 2015 peak to the 2016 bottom. The second is the 0.236 level of the entire downward wave from the start of quotations 1971 to the 2011 bottom. 💱The scenario I am playing out is to break out of the new local lows and continue heading south to reach the support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💱 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
3
USDJPY: Your Trading Plan 🇺🇸🇯🇵 USDJPY is stuck on a key level. The price formed an inverted head and shoulders pattern on that on 4H. 139.3 - 139.6 is its neckline. Wait for its bullish breakout. Then, buy aggressively or on a retest. Targets will be: 140.5 / 141.35 Alternatively, a bearish breakout of the horizontal support will push the market lower. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
9
InvestMate|GBP/JPY Continuation of declines💷💴💷💴GBP/JPY Continuation of declines. 💷💴As written in the title I will give you my downtrend perspective on this pair. 💷💴Looking at how the price has been declining over the last two days. We can safely conclude that a new wave of strengthening of the Japanese yen is in progress. 💷💴Ahead of us there is a very strong support set on the basis of up to three fibo levels. The first is the level of 0.236 of the entire upward wave from the bottom of 2020 to the peak of 2022. The second is the level of 0.5 of the entire downward wave from the peak of 2015 to the bottom of 2020. The last level is the level of 0.886 of the entire upward wave from the bottom of 2000 to the peak of 2007. 💷💴It is not often that a support zone is based on as many as 3 such strong levels. 💷💴I have marked 2 resistance zones above. In the description I will focus on the one closest to the price. 💷💴It was determined based on a cluster of two fibo levels. The first is the 0.618 level of the entire downward wave from the 2015 peak to the 2020 low. The second is the 0.382 level of the entire downward wave from the 2007 peak to the 2011 low. 💷💴These are the current nearest zones between which the price is likely to operate. 💷💴Looking at the big picture, the scenario I am playing out is to continue the decline to the support zone and watch how the price will behave there. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
13
GBPJPY: Important Breakout 🇬🇧🇯🇵 GBPJPY was steadily growing within a rising parallel channel for the last 3 weeks. The market reached a key daily structure resistance on Friday. Bears started to push heavily from that and the price broke and closed below the support of the channel. It will trigger a bearish continuation. Next supports: 166.3 / 165.3 ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
5
InvestMate|EUR/JPY Monday's southbound play💶💴💶💴EUR/JPY Monday's southbound play. 💶💴It was once again time for the EUR/JPY in my execution. 💶💴After the beautiful downward slide that EUR/JPY made, I of course predicted that this would happen in previous posts on this pair. It' s time to attack the declines once again. 💶💴Looking at the appearance of Friday's downtrend candle and looking at the momentum with which the pair was falling against the euro just before the close of the session, it looks to me like the possibility of a continuation of the declines that could take place over the next few days. 💶💴 There is a strong support zone ahead. Really strong because this time I have measured all the waves one by one since the start of the quotation with fibo measures so that their effectiveness and strength is reinforced. 💶💴The support zone results from a cluster of two levels. The first is the level of the 0.618 wave from the 2008 peak to the 2012 bottom and the second level is the 0.786 wave from the 2014 peak to the 2016 bottom. 💶💴I determined the resistance zone based on the 0.886 level of the wave from the 2014 peak to the 2016 bottom and taking into account that this was a highly respected level in the past. 💶💴The scenario I am playing out is a continuation of declines to the level of a strong support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💶💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
6
InvestMate|NZD/JPY Best opportunity of the coming month❗️📈❗️📈NZD/JPY Best opportunity of the coming month. ❗️📈In this post I would like to share with you a veritable gem from my side, reviewing the market carefully and analysing it very closely. ❗️📈I come to you with the NZD/JPY pair which, in my opinion, will be one of the best performing pairs in the coming month. ❗️📈I hope so at least. ❗️📈I could be wrong but I can never doubt. ❗️📈The pair as far as I can see, in my opinion, will show us increases, this can be seen from each of the intervals I analyse and it is over 8 different timeframes. ❗️📈If I had to pick just one instrument it would definitely be NZD/JPY. ❗️📈Let's move on to the chart. ❗️📈We have broken out of the support zone set by the fibo level of 0.886 and this has even been a key place in the past, just look at the chart. And the fact that we are above it only reinforces my assumptions about the upside. ❗️📈The most important is the resistance zone, which is located at new highs and was determined by the outer fibo measurement of 1.272 of the last largest downward correction and the 1:1 level of the largest upward wave from the bottom of this correction. ❗️📈I do not exclude any scenario, as one can never be 100% sure. I leave the probability in the hands of the market. ❗️📈The scenario I am playing out is a breakout of a new peak and a continuation of the upside to levels determined by the resistance zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. ❗️📈 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
15
InvestMateGBP/JPY Attention, strong line of resistance ahead💷💴GBP/JPY Attention, strong line of resistance ahead. 💷💴That's as I wrote some time ago about the upside on this pair. Link below: 💷💴Now it's time to refresh the topic and give you my latest view. 💷💴As we can see the Pound is not giving up and is trundling forward with most forex pairs. 💷💴I determined the support zone based on the cluster of fibo levels of 0.382 of the entire last downward correction and the level of 0.886 of the entire downward wave measured from peak to bottom visible on the chart. It can be seen that the price has repeatedly found this level as resistance but also as support in the past. 💷💴The resistance zone results from a cluster of also 2 fibo levels. It is a double of the 1.272 level of the same waves as the support zone. This combination creates a really strong zone. 💷💴Beginning with the fact that GBP/JPY is in an uptrend of several years, I don't think getting this level will be a major problem. 💷💴The scenario I am playing out is a continuation of the upside to the resistance zone where I will be watching closely to see how price reacts. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully. 💷💴 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
7
🦘AUD/JPY May break out🦘AUD/JPY May break out. 🦘My perspective on the AUD/JPY pair has changed as a result of the in-depth analysis I have done. 🦘In the current post I would like to share with you my perspective for the coming weeks. 🦘As you can see from the chart AUD/JPY has been stuck in a accumulation, for a good 7 months. 🦘Looking at the behaviour of other pairs with the Japanese Yen, I allow myself to think that we may yet see new peaks on the AUD pair. 🦘The price is currently forming a triangle formation. 🦘I am very curious if we will see a sharp breakout upwards. 🦘That's what I would expect after such a long accumulation and a returning desire to weaken the Yen. 🦘Target I see near the resistance zone, determined by the outer fibo level of 1.618 of the entire largest recent downward wave. 🦘There is also local resistance ahead, determined by where the price has repeatedly turned back. 🦘I determined the support zone based on the cluster of fibo levels 0.618 of the entire wave of the largest downward correction and 0.5 of the entire upward wave following this correction. 🦘The scenario I am playing out is a gradual strengthening of AUD against JPY and an exit from the accumulation to set new highs, but I do not exclude taking a smaller target if the situation stops looking as I assumed. 🦘I will add an update post if there is a change in my perspective. 🦘 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Long
by InvestMate
13
GBPJPY targeting 172.250. Excellent long-term pattern.The GBPJPY pair has been rebounding strongly since the November 11 Low within the 1D MA50 (blue trend-line) and the 1D MA200 (orange trend-line). The Low was made on the Inner Higher Lows trend-line, that has had four hit-and-holds since May 12. Based on the 1D MACD also, this sequence resembles the April 20 - June 09 fractal, whose rebound reached the previous High, which is now the Resistance at 172.250. This is the short-term target. On the long-term you see that the pattern is an Ascending Triangle (since March 2021 and we are close to the Higher Highs Zone. Every hit either on the dashed or top trend-line is a sell opportunity, until the pattern is invalidated. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
4
EURJPY: Your Detailed Trading Plan 🇪🇺🇯🇵 EURJPY is trading within a falling channel on a daily. I am looking for shorting opportunities from its resistance line. My plan is the following: I will patiently wait for a test of the underlined red area, then, I will look for a breakout of a support line of a rising wedge pattern on 4h time frame. Once the candle closes below that, I will short expecting a bearish continuation to 144.5 / 143.8. Alternatively, a bullish breakout of the resistance of the channel on a daily will intiate a bullish move. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Short
by VasilyTrader
7
USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵 Hey traders, Analyzing a daily chart on USDJPY, I noticed that the market is stuck within a narrow horizontal range. The price perfectly respects a key horizontal support & resistance. This week, look for a breakout trade. A bullish breakout of 140.4 - 140.8 (daily candle close above) will be a bullish signal, and will lead to a continuation to 143.0 level. A bearish breakout of 137.4 - 137.7 (daily candle close below) will push the market lower. Next support will be 136.1. Wait for a breakout, that will indicate us the future direction of the market. ❤️If you have any questions, please, ask me in the comment section. Please, support my work with like, thank you!❤️
Long
by VasilyTrader
7
InvestMate|EUR/JPY is just getting started💶💴💶💴EUR/JPY is just getting started. 💶💴The post is a commentary on my previous posts on the EUR/JPY in which I announced declines: 💶💴Those wishing to get a deeper perspective are referred to above. 💶💴At the moment, I just wanted to draw attention to the approaching strong support zone that stems from the 0.618 fibo level of the entire upward wave and I believe that, this is the level for the coming days that can be broken within a week or two.
Short
by InvestMate
16
InvestMate|NZD/JPY So what, are we falling?🥝🥝NZD/JPY So what, are we falling? 🥝As I have written in previous post featuring the Japanese yen pairs that we are ready to fall. 🥝That will also be the case this time. 🥝There is an interesting situation ahead, on the New Zealand dollar we are preparing for a strong downward correction coupled with the long-term uptrend on the Japanese yen that has started. A strong downward wave is in front of us. 🥝We are currently at a resistance zone that has been respected for months. The price has repeatedly struggled to break through these levels. 🥝The most significant support zones will be two zones. 🥝 The first determined by the cluster of the fibo level 0.382 of the entire upward wave and the outer fibo level 1.272 measuring the last upward impulse. 🥝The second based on a cluster of the 0.5 level of the entire upward wave and the outer fibo level 1.618 measuring the last upward impulse. 🥝The scenario I am playing out is to expect a strong wave of strengthening of the Japanese Yen against the New Zealand Dollar heading into support zones not excluding minor corrections along the way. 🥝*Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario for further increases. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
10
InvestMate|USD/JPY No chance of rises💱💱USD/JPY No chance of rises. 💱As I wrote in last post about the declines on the USD/JPY pair, the scenario played out perfectly exactly as I wrote. Link to the post below: 💱This time we will take another look at the pair, as I believe new downside prospects are opening up. 💱The key from where a new wave of declines could start could be the resistance zone I've marked on the chart. 💱 All due to a cluster of levels. At the very beginning we have the level of 0.5 of the whole last upward wave, then the level of 0.236 of the whole downward wave and the range of the biggest upward correction in the current downtrend, i.e. the level of 1:1. 💱 I encourage you to observe these levels because there is a good chance that after a bounce from this level we will take a southward direction. 💱The level where the price can stop is the support zone, which I determined on the basis of the level of 0.786 of the whole upward wave and this place has been respected many times in the past as resistance and support. 💱The scenario I am playing out is a continuation of declines from the resistance zones towards the support zone, not excluding corrections along the way. 🚀If you appreciate my work and effort put into this post I encourage you to leave a like and give a follow on my profile.🚀
Short
by InvestMate
2
US interest rate, and exchange rate of Japan Yen and Korean WonThe trend of Japanese Yen and Korean Won within most of year 2022, as can be observed when reading together with the chart of USinterest rate, show how closely linked their relationship are. Recently government of relevant countries have been attempting to change this situation by putting money into the foreign currency exchange market, but as long as interest rate of each of those countries aren't increasing accordingly, and US interest rate still keeping up, no change in this trend is expected.
by PhakeNick
2