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AUDJPY Approaching the long-term Sell ZoneThe AUDJPY pair gave us an excellent short-term sell signal last time (May 23, see chart below) but after that broke above the medium-term Channel Up aggressively: We now need to zoom out to the longer term 1W time-frame, where we clearly see the dominant pattern of the pair, which has been a Channel Up since the March 16 2020 (COVID) market bottom. Each Higher High was formed when the 1W RSI started forming a Bearish Divergence on Lower Highs. The 1st Bullish Leg was priced after a +32.90% rise, while the 2nd one at +26.70%. As a result, with the 1W RSI overbought above 70.00 for the 2nd time in 6 weeks, we believe that the pair is approaching its long-term Sell Zone on the Higher Highs region. Its Higher Lows have been priced near or on the 1W MA100 (green trend-line), so we will take this sell opportunity to target 101.000 (expected contact and breach of the 1W MA50 (blue trend-line)). ------------------------------------------------------------------------------- ** 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
JPY remains under selling pressureThe Japanese government is currently enjoying the weaker yen, as it helps boost the economy. However, this is only a short-term solution, as eventually, people's anger about rapidly rising prices might overshadow that government's positivity. #audjpy EASYMARKETS:AUDJPY FX_IDC:AUDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
How much more will the yen continue its devaluation?Still no support from the BoJ to stabilize their Japanese yen. But there is a reason for that... #USDJPY EASYMARKETS:USDJPY FX_IDC:USDJPY Disclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. easyMarkets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
by easyMarkets
Bias still on the upside for UJ,can look at AJ too...Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
EURJPY On a very aggressive Bullish Leg.The EURJPY pair is extending the rise since the December 04 2023 Low, which was a Higher Low on the 27-month Channel Up. Technically, we are half-way on the new Bullish Leg of the pattern and as you can see the 1W MA50 (blue trend-line) has been the ultimate Support since its start. The previous 2 Bullish Legs have rose by at least +19.30%, so we expect a similar development. Our Target is at 180.000 (marginally below the +19.30% mark). ------------------------------------------------------------------------------- ** 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
Sell NZD/JPY Channel BreakoutThe NZD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 97.55, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 96.95 2nd Support – 96.53 Stop-Loss: To manage risk, place a stop-loss order above 97.95. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Thank you.
Short
by KABHI_TA_TRADING
3
Market tests BoJ with yen at 1986 low The Japanese yen tumbled beyond 160 per USD, marking its weakest level since 1986. This is a critical threshold that previously prompted intervention by Japanese authorities. In May, Japan depleted a record ¥9.8 trillion to bolster the yen. Masato Kanda, Tokyo's top currency diplomat, attempted to mitigate the surge above 160.00 with strong verbal interventions, yet he mentioned no specific target level. This ambiguity was perceived by some market participants as a green light to drive the pair to 160.82. The lack of immediate intervention from the Bank of Japan post-160 breakout raises questions: Does this signal an open path to the next psychological levels? In June alone, the yen has slipped roughly 1.5% against the dollar, extending its year-to-date decline to about 13%. Should there be a retracement from the previous 160 intervention level, buying interest is expected to resurface around the 158.00 support, aligning with the 38.2% Fibonacci retracement level. Fundamentally, traders are eyeing tomorrow's US Jobless Claims data, followed by Tokyo CPI and US PCE releases on Friday, which could be critical in shaping the next moves in the yen.
by BlackBull_Markets
USDJPY / Consolidation with Potential for Bullish ContinuationMarket Consolidation and Key Levels: The price has broken the all-time high and stabilized above it. As long as it trades above 159.820, it will remain in the bullish zone, targeting 161.800. Bullish Scenario: For the bullish trend to persist, the price must stabilize above 159.820, with an aim towards a target of 161.800. Bearish Scenario: A downtrend will be confirmed if the price stabilizes below 159.820, potentially reaching 159.110. Key Levels: - Pivot Line: 159.820 - Resistance Levels: 160.500, 161.300, 161.850 - Support Levels: 159.220, 158.800, 157.980 Summary: The market is currently in a consolidation phase between 159.820 and 158.800. A break above 159.820 signals a bullish continuation towards 161.700, while stability below 158.800 indicates a potential decline to 157.970. In summary, the key level to watch is 159.820. A move above this level confirms bullish momentum, while a drop below 158.800 suggests further downside potential. Previous idea:
Long
by SroshMayi
EURJPY SHORT - Long the strong, short the weak.Hi all, This week I am sharing my play on EURJPY. With JPYBASKET showing both accumulation and some weakness (another liquidity grab today), with Japan Bank saying - increasing interest rates is an option now, with strong long positions on JPY by commercial banks and short positions advantage on EUR, the EURJPY pair is my safest pair to trade this week. I am both managing a major short there and scalping the range to the downside. I am expecting return to 168.1 - 168.2 area at minimum! Good luck and play safe!
Short
by AdiVV
MACD Divergence and Overbought Signals: Time to Short NZDJPY?The Yen has been getting hammered across the board lately, and there’s no telling how far these pairs can go long-term. However, in every strong uptrend, buyers eventually take profits, allowing the market to dip and providing opportunities to re-enter at better levels. This scenario seems likely for NZDJPY. We've just popped above a key Monthly resistance level, the swing high from 2007. We’re likely to see buyers ease off and short sellers step in. Here’s why. There are several signs that a reversal is imminent. First, we are extremely overbought across all higher timeframes. While this alone isn’t a signal to enter a trade, combined with the Monthly resistance level, it looks promising. What gives me even more confidence in a sell-off is the Daily chart. It shows clear evidence of slowing buying momentum with choppy price action. After each new high, there’s an immediate sell-off. The most compelling signal is the MACD divergence on the Daily chart (see image below). The combination of extreme overbought conditions and MACD divergence at this key Monthly level gives me confidence in entering a sell trade. The next step is to identify potential drop targets and where buyers might regroup. Two key targets stand out: The previous Monthly resistance, the 2014 high at 93.5, which is the first target for this sell setup. The 0.236 Fibonacci retracement at 88.5, just above the 2022 highs that held for over a year before breaking out again at the start of this year. This area is likely to attract buyers as shown in the image below My plan is to sell now and close 25% of my position every 200-pip drop. After the first drop, I will move my stop loss to the entry price. Let me know your thoughts in the comments.
Short
by TheFxAce
8
Trade Like A Sniper - Episode 51 - JPYTHB - (25th June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing JPYTHB, starting from the 2-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded
Consolidation Phase:Key Levels and Scenarios for Market MovementTrend Analysis Summary Market Consolidation and Key Levels: The price recently reached the resistance line and corrected down to the support line at 158.800. Currently, it is expected to consolidate between 159.820 and 158.800 until a breakout occurs. Stability below the support zone (159.100 - 158.800) suggests a potential drop to 157.970. Bullish Scenario: For the bullish trend to continue, the price must break above 159.820 and close a 4-hour candle above this level, aiming for a target of 161.700. Bearish Scenario: As long as the price trades below 159.820, it may attempt to drop again to gather bullish momentum. Stability below 158.800 could lead to a decline toward 157.970. Key Levels: - Pivot Line: 159.820 - Resistance Levels: 160.500, 161.300, 161.850 - Support Levels: 159.220, 158.800, 157.980 Summary: The market is in a consolidation phase between 159.820 and 158.800. A break above 159.820 signals a bullish continuation toward 161.700, while stability below 158.800 indicates a potential drop to 157.970. previous idea:
by SroshMayi
USDJPY - Bearish => Bullish => Bearish?Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 As per my last two analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower, then rejected the lower trendlines and traded higher. What's next? USDJPY has been trading within a medium-term rising channel marked in orange. And currently, it is hovering around the upper bound of the channel. Moreover, it is retesting the $160 resistance level again. 🏹 Thus, it is a strong area to look for sell setups as it is the intersection of the green resistance and upper orange trendline acting as a non-horizontal resistance. 📚 As per my trading style: I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
by TheSignalyst
1
GBPJPY The Bank of England's Monetary Policy Committee (MPC) voted 7-2 to keep the Bank Rate unchanged, aligning with broad expectations. Swati Dhingra and Dave Ramsden again voted to lower the rate by 25 basis points to 5.00%. The BoE indicated that as part of the August (rate cut) forecast, the Committee will review all available information to assess whether the risks of persistent inflation are diminishing. Based on this assessment, the Committee will determine how long the Bank Rate should be maintained at the current level. Despite CPI falling to 2% in May, the Bank expects CPI to "rise slightly" in the second half of the year due to base effects from last year's energy price declines. Additionally, the Bank noted that services inflation at 5.7% was "somewhat higher" than projected in the May monetary policy report. In terms of growth, GDP appears to have grown "more strongly than expected" in the first half of the year but remains at a quarterly growth rate of around 0.25%. Market Outlook: We are less concerned with the timing of the BoE's first rate cut and more focused on the expected limited and gradual rate cuts. For us, the biggest issue is not necessarily the timing of the first rate cut, but the pace and extent of rate cuts after the first one. In an era of global economic fragmentation, supply-side fluctuations, and fiscal activism, 2% is the lower bound for inflation, not the upper limit. This suggests a gradual easing cycle, with rates stabilizing above pre-pandemic levels. Gbpjpy again has a potential buy pattern and if it crosses the pivot we can first expect a down market and further a potential further downward or upward retracement. bullish targets: 202.05 202.30 202.57 202.80 Bearish Targets: 201.50 201.28 201.02 200.80 For more updates follow us Boost us so that we can reach more people
Long
by realmillionairefx
EURJPY Fool-Surprise Reverse Ok ?EURJPY direction. Well, I am excited the algos pushed the price 0.2% higher in compariston to yesterday, we are still due to dump 1-2% to the downside. Lets Go. Accumulate more and more shorts, this is the only direction. THIS IS JUST MY PLAN - NOT AN ADVICE. No stop loss at this point, after loosing crucial levels, we can expect JPY central bank interventionm at any point, and - I am surprised idiot traders are still pushing the price in wrong directon still. Take profit: 168.13 Stop loss: NONE.
Short
by AdiVV
Trade Like A Sniper - Episode 50 - EURJPY - (21st June 2024)This video is part of a video series where I backtest a specific asset using the TradingView Replay function, and perform a top-down analysis using ICT's Concepts in order to frame ONE high-probability setup. I choose a random point of time to replay, and begin to work my way down the timeframes. Trading like a sniper is not about entries with no drawdown. It is about careful planning, discipline, and taking your shot at the right time in the best of conditions. A couple of things to note: - I cannot see news events. - I cannot change timeframes without affecting my bias due to higher-timeframe candles revealing its entire range. - I cannot go to a very low timeframe due to the limit in amount of replayed candlesticks In this session I will be analyzing EURJPY, starting from the 2-Month chart. If you want to learn more, check out my profile.
Education
by Road_2_Funded
Inflation Concerns and Risk Sentiment: Implications for NZD/JPYAttention Traders, In today's trading session, we are closely monitoring the NZD/JPY pair for a potential buying opportunity around the 96.900 zone. Currently, NZD/JPY is in an uptrend but is undergoing a correction phase as it approaches the key support and resistance area at 96.900. From a fundamental perspective, the Reserve Bank of New Zealand (RBNZ) has shown no intentions of cutting rates, given that inflation remains a significant concern. On the other hand, the Japanese Yen (JPY) continues to underperform against major currencies due to prevailing risk sentiment, maintaining its bearish outlook. Stay vigilant and trade safely. Best regards, Joe
Long
by JoeChampion
NZDJPY - Keeping It Simple!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. 📈 NZDJPY has been overall bullish, trading within the flat rising orange channel. 📚 As per my trading style: As #NZDJPY approaches the upper bound of the channel, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Rich
Short
by TheSignalyst
5
EURJPY to find sellers at market?EURJPY - 24h expiry We are trading at overbought extremes. Price action looks to be forming a top. This is negative for short term sentiment and we look to set shorts at good risk/reward levels for a further correction lower. We look to sell rallies. Although the anticipated move lower is corrective, it does offer ample risk/reward today. We look to Sell at 169.90 (stop at 170.40) Our profit targets will be 168.70 and 168.30 Resistance: 171.20 / 175.50 / 178.55 Support: 168.95 / 167.35 / 164.30 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Short
by OANDA
USD/JPY continues to struggle ~158Over the past three days we have seen two false breaks above 158, both resulting with a daily shooting star reversal. The upper wicks also serve as a double top above 158, and with US economic data slowly souring, the case for a top on USD/JPY is building. Prices have found support around the May high, and another crack at 158 would not come as a surprise. Yet given that the daily RSI (2) is overbought and has formed a bearish divergence on the 4-hour chart, and the highest volume of yesterday coincided with a large bearish bar, the bias remains to fade into rallies around 158 or Friday's high in anticipation of its next leg lower. 157.30, 157 and 156.60 are the next downside targets for bears to consider.
Short
by CityIndex