Get started

Japaneseyen

GBPJPY Supported by the 1D MA50.The GBPJPY pair has been trading within a Channel Up since late May 2023. Recently it has been rising on a shorter term Channel Up (dotted) supported by the 1D MA50 (blue trend-line). As long as it does, we have to stay bullish short-term, targeting the top of the Channel at 195.000. Since however the blue Channel Up has already completed a symmetrical Higher High leg at +8.24% (similar to the August 22 2023 Higher High), we face a technical necessity for a strong pull-back. We are willing to take this sell only if the pair closes a 1D candle below the 1D MA50. When it does, we will take the loss on the buy and short towards the 1D MA200 (orange trend-line), targeting 186.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
1
Yen Traders Tread Cautiously as Japan Hints at InterventionAnxiety hangs heavy over the yen market. With the Japanese currency hovering near a 34-year low against the U.S. dollar, traders are wary of potential intervention from Japanese authorities. This comes as Finance Minister Shunichi Suzuki reiterated the government's concerns about the rapid depreciation of the yen. The Yen's Slide: A Perfect Storm The yen's recent decline can be attributed to a confluence of factors: • Divergent Monetary Policies: The Bank of Japan (BOJ) has maintained its ultra-loose monetary policy, keeping interest rates near zero, while central banks like the U.S. Federal Reserve are aggressively raising rates to combat inflation. This widening interest rate differential makes the dollar a more attractive investment compared to the yen. • Global Risk Aversion: As geopolitical tensions and concerns about a global economic slowdown escalate, investors are seeking refuge in dollar-denominated assets, further weakening the yen. • Japan's Trade Dependence: Japan relies heavily on imports for essential resources like energy and food. A weaker yen makes these imports more expensive, potentially fueling inflation within Japan. Verbal Intervention: A Warning Shot Finance Minister Suzuki's recent statements can be seen as a warning shot to currency markets. He emphasized the government's "deep concern" about the yen's depreciation and hinted at the possibility of intervention if excessive volatility persists. However, the effectiveness of verbal intervention is debatable. Without concrete action, traders might remain skeptical. Intervention: A Double-Edged Sword Direct intervention in the currency market involves the Japanese government selling dollars and buying yen to artificially strengthen the currency. While this can achieve short-term results, it comes with drawbacks: • Costly Defense: Intervention can be expensive, draining Japan's foreign currency reserves. • Market Distortion: Heavy intervention can distort market forces and create uncertainty for traders. • Limited Effectiveness: The effectiveness of intervention depends on the size of the intervention and the broader economic backdrop. If underlying economic fundamentals favoring a weaker yen persist, intervention might have only a temporary impact. Traders on Edge: Waiting for the Next Move Yen traders are currently in a wait-and-see mode. They are closely monitoring the Japanese government's actions and statements, along with the Federal Reserve's monetary policy decisions, for any signs that could influence the yen's direction. The Road Ahead: A Balancing Act The future path of the yen will be determined by several factors: • The BOJ's Monetary Policy: Any change in the BOJ's stance, even a hint of a future rate hike, could strengthen the yen. However, the BOJ is expected to remain dovish for the foreseeable future. • Global Risk Sentiment: If global risk aversion eases, investors might be less inclined to seek refuge in the dollar, potentially aiding the yen. • The Effectiveness of Intervention: If Japan intervenes in the currency market and does so decisively, it might provide temporary support to the yen. Conclusion: A Fragile Currency in Uncertain Times The outlook for the yen remains uncertain. While the Japanese government may intervene to curb its rapid depreciation, the effectiveness of such strategies is limited without addressing the underlying economic factors. The future direction of the yen will likely hinge on global economic developments and the monetary policy decisions of major central banks.
by bryandowningqln
4
USDJPY Top of Channel Up. Sell signal.The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200. With the 1D RSI overbought for the first time since July 05 2023, we are turning bearish on USDJPY after a long time but only for the short-term. Our target is 146.500 (Support 1). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
1
AUDJPY: Today's decline is a buy opportunity.AUDJPY is borderline bullish on the 1D technical outlook (RSI = 56.140, MACD = 0.500, ADX = 22.883) as today it has erased the gains of almost the past 3 days. As it approaches the 1D MA50, it is turning into a buy opportunity inside a double Channel Up pattern. At 99.000 we are turning bullish again and will aim for a +2.65% increase (TP = 101.700) for a HH. See how our prior idea has worked out: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Long
by InvestingScope
JPY has had 180 next few years written over it for a while nowI wasn't going to post about this one as I imagine it's being covered by everyone what with the captain obvious setup on a basic horizontal but since I've covered the Yen before I may as well I haven't re-visted this chart properly since I made some calls about that blue broadening wedge a few years back and the initial 152 resistance (see the related posts below) but one of these days in the not too distant future I will The cyan channel that I spotted out when I looked at it last looks like it's the upper half of a bigger channel Some very notable calls in recent years: SPREADEX:NIKKEI and DJ:DJI both to 40k (over 1y in advance) CRYPTOCAP:BTC pico bottom at 15k and recent local top at 70k FX:EURUSD pico bottom & TVC:DXY pico top at 115 TVC:USOIL pico bottom at 68 NASDAQ:SMCI mega breakout at 100 NASDAQ:NVDA mega support at 120 NASDAQ:TSLA pico bottom at 105 NASDAQ:NFLX pico bottom at 165
by markusrafferty
Yen Bear Onslaught Tests Resolve at 152, Intervention LoomsThe Japanese Yen finds itself in a precarious position, facing the strongest selling pressure in 17 years. Net yen shorts, a measure of bearish bets, have skyrocketed to their highest level since January 2007 . This relentless shorting comes as the Yen precariously approaches a key psychological barrier: 152 Yen per US Dollar. A Perfect Storm for the Yen Several factors are fueling the Yen's decline: • Central Bank Tug-of-War: The Bank of Japan (BOJ) stubbornly clings to its ultra-loose monetary policy, keeping interest rates near zero. This starkly contrasts with the US Federal Reserve, which is aggressively hiking rates to combat inflation. This disparity makes the US Dollar a far more attractive investment for yield-hungry traders. • Double-Edged Sword: A weaker Yen benefits Japanese exporters by making their products cheaper overseas. However, the boon for exporters translates to pain for consumers, as imports become significantly more expensive. Intervention: A Looming Wildcard The Japanese government has a well-established history of intervening in the currency market to support the Yen. With the currency teetering near 152, a level considered a potential trigger for intervention, all eyes are on the BOJ's next move. Their recent warnings about intervention haven't deterred the bears, adding another layer of intrigue. Will the Bears Breach the 152 Fortress? The record-high short positions suggest investors are firmly convinced the Yen will weaken further. A break below 152 could trigger a domino effect of selling, accelerating the Yen's decline. However, a few factors could offer the Yen some respite: • Intervention by the BOJ: The government might decide to step in and buy Yen to stabilize the currency, especially if the decline becomes disorderly. • Profit-taking: As the Yen weakens, some short-sellers may choose to lock in their profits, potentially alleviating some downward pressure. Trading the Yen: A Delicate Dance The Yen's future trajectory remains shrouded in uncertainty. Here's how traders can navigate this volatile market: • Stay Glued to Geopolitical and Economic News: Monitor US interest rate decisions, BOJ policy announcements, and any signs of intervention by the Japanese government. • Technical Analysis is Your Ally: Utilize TradingView's advanced charting tools to identify potential support and resistance levels for the Yen. • Risk Management is Paramount: The Yen market is highly volatile. Employ stop-loss orders to mitigate potential losses. Disclaimer This article is for informational purposes only and should not be considered financial advice. Please consult with a qualified financial professional before making any investment decisions.
Long
by bryandowningqln
China - U.S. War Preparations!We are still at the start phase of the China - U.S. war & seeing it slowly brew into something bigger. 2025 - 2026 should be when we see a full out war, weather that's a physical war, economical war or a cyber war. Ahead of this war it'll be interesting to see how China prepares for sanctions from western nations; ⭕️Which financial asset classes they divert into. ⭕️Which industries they become reliant on. ⭕️Which countries they turn into allies.
TVC:DXYLong
by BA_Investments
USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵 USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data next week to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a strong bullish signal. A bullish continuation will be anticipated at least to 153.0 level then. Bearish 150.8 - 151.3 is the support of a daily range. Its bearish breakout - a daily candle close below, will be a perfect signal to short. The first goal for the sellers will be 150.3 support. Wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
3
GBPJPY Bullish Long side Robbery on GJ BankHola Traders, This is our Day Trade master plan to Heist Bullish side of GBP/JPY BANK . my dear Looters U can enter at the any point above my entered area, Our target is Red Zone that is High risk Caution area, If There is any Bad news it make our heist very sad and if the news is favorable for us then we can continue our looting from there with help of trailing stop. My dear Robbers please book some partial money it will manage our risk. Be safe and be careful.
Long
by Thief_Trader
1
USDJPY: Your Trading Plan Ahead of FED 🇺🇸🇯🇵 USDJPY is currently accumulating within a narrow horizontal range on a daily. It looks like the market participants are waiting for some important fundamental data to decide where to push the prices. I see 2 potential scenarios. Bullish 151.70 - 152.00 is a key horizontal resistance. Its bullish breakout - a daily candle close above, will be a strong bullish signal. A bullish continuation will be anticipated at least to 153.0 level then. Bearish 151.0 - 151.3 is the support of a daily range. Its bearish breakout - a daily candle close below, will be a perfect signal to short. The first goal for the sellers will be 150.3 support. Wait for a breakout, it will give you a strong confirmation. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
1
NZDJPY Channel Up Buy SignalThe NZDJPY pair is on a Bearish Leg of the long-term Channel Up, below the 1D MA50 (blue trend-line) but above the 1D MA200 (orange trend-line), which is the long-term support. In fact the latter has been holding since June 02 2023. The minimum Bearish Leg decline within this pattern has been -3.77% so having almost completed this fall during the current pull-back, we now turn bullish on this pair, targeting 94.500 (+5.44% rise, which has been the minimum % increase of Bullish Legs within this pattern). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CADJPY Triangle break-out buyThe CADJPY pair delivered us a very strong buy opportunity last time we made a buy call on it (December 22 2023, see chart below) : Moving back to the 1D time-frame, the pair has been trading within a Channel Up pattern since the December 07 2023 Low. Currently on its 2nd Bullish Leg, the price has entered a Triangle consolidation, similar to the pattern of January - February. So far the fractals appear to be quite identical as following a +3.34%, the price pulled-back to the 0.382 Fibonacci retracement level, which is at the moment holding. As long as it continues to do so, we expect a bullish break-out similar to February's towards the -0.382 Fib extension, hence our Target is 113.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
CHFJPY Hit the 1D MA200 after 1 year!The CHFJPY pair almost hit the 172.500 Target that we set on our previous call (December 19 2023, see chart below): Since then it has pulled back significantly, giving rise to a new Channel Up pattern. The major development is that it is about to touch the 1D MA200 (orange trend-line) for the first time since April 06 2023. We are prepared to buy after it breaks, at the bottom (Higher Lows trend-line) of the Channel Up, or if the 1D RSI hits the bottom of its Channel Down first, and target the Higher Highs at 173.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
AUDJPY Hit the top of the Channel Up.The AUDJPY pair has recently hit our long-term bullish Target of 99.300, which we set on our last trading idea (December 18 2023, see chart below): That was at the top (Higher Highs trend-line) and the 1.136 Fibonacci extension of the 9-month Channel Up. We are technically expecting a pull-back now towards the bottom (Higher Lows trend-line) of the Channel Up and our Target is the 0.382 Fibonacci retracement level at 95.600. If however the price breaks above the Higher High and the Channel Up, we will have a formation bullish break-out and as a result we will take the small loss on the short and go long instead, targeting the 3.0 Fibonacci extension at 102.700. In that case we will be expecting a rally similar to June 2023, which led to the creation of the current Channel Up. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Short
by TradingShot
Long USDJPY as Bank of Japan Raises Rates!The hedge fund industry's short weakness on the yen is creating a fantastic opportunity for us to long USDJPY! As the Bank of Japan prepares to raise rates, now is the perfect time to capitalize on this trend and potentially make some significant profits. The recent weakness in hedge fund shorts on the yen has created a favorable environment for us to take advantage of. With the Bank of Japan signaling a potential rate hike shortly, the USDJPY pair is poised for a strong upward movement. This is a golden opportunity for us to get in on the action and potentially ride the wave of a bullish trend. I urge you all to consider taking a long position on USDJPY and seize this opportunity to potentially profit from the upcoming rate hike. Don't miss out on this chance to make some serious gains in the forex market! Let's make the most of this exciting opportunity and maximize our potential profits together. Get ready to long USDJPY and ride the wave of success as the Bank of Japan raises rates! www.hedgeweek.com
Long
by bryandowningqln
EURJPY Approaching Channel Up top. Bearish signal.The EURJPY pair is very close to our 168.000 Target that we set on our last analysis (December 13 2023, see chart below): That is at the top of the 2-year Channel Up that started on the March 07 2022 Low. Technically after that, it calls for a short-term trend-reversal. As a result we modify the bullish Target to 167.400 and then will go for a short-term sell, targeting 164.500. This is because we have identified a short-term RSI bearish divergence pattern, which when the RSI in on Lower Highs and the pair on Higher Highs (i.e. Bearish Divergence), the price rises to the 2.0 Fibonacci extension and then pulls back to the 1.0. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, 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 us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot