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USDJPY Bearish reversal towards the 1W MA50The USDJPY pair eventually took the bearish path last time we made a trading plan (November 28 2023, see chart below) and hit the 143.550 Target: The price has now made a short-term (at least) top as the 1D RSI got rejected near the 70.00 Overbought barrier. As a result we are expecting a reversal towards at least the 1W MA5 (red trend-line), which has been the long-term Support as it formed the bottoms (and subsequent rebounds) of December 28 and July 14 2023. As a result our Target is 143.000, even though the downtrend may very well extend as low as the Higher Lows 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
GBPJPY: Systemic Top being formed. Sell.GBPJPY is on a bullish 1D technical outlook (RSI = 65.529, MACD = 1.210, ADX = 62.251), which is a natural consequence of the strong 3 week rally since the January 2nd bottom. However this rally appears to have come to an end as not only has the price hit and got rejected twice on the R1 level (188.660) but the 1D RSI has also reach the top of its six month Channel Down and is reversing. The price action's HH trendline is a little higher, so we can allow some space for a final blow off top before a selloff. The Sine Waves so a clear and very consistent Peak-Bottom pattern and right now the price is exactly on the Peak. Consequently, we consider the current price level as a low risk sell opportunity. We are targeting the 1D MA200 (TP = 182.350). 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. ##
Short
by InvestingScope
Buy USDJPY Triangle Breakout USD/JPY M30 Triangle Breakout Hints at Potential Upswing A bullish triangle pattern has emerged on the USD/JPY 30-minute chart, suggesting a possible shift in momentum towards the upside. Key Points: Triangle Breakout: The price has been consolidating within a triangle formation, characterized by converging support and resistance lines. This consolidation has now given way to an upside breakout, potentially indicating a renewed bullish trend. Buy Entry Opportunity: The break above the triangle's upper boundary around 148.10 presents a potential buying opportunity. Bullish Targets: If the upward momentum continues, initial targets could be found at the resistance levels of 149.04 and 149.43. Risk Management: To manage potential downside risks, a stop-loss order could be placed below the triangle's lower support at 147.70 Additional Considerations: Keep an eye on broader market sentiment and economic releases from both the US and Japan, as they can influence the currencies' relative strength. Employ proper risk management practices, including appropriate trade sizing and stop-loss orders, to safeguard your capital.
Long
by KABHI_TA_TRADING
3
🇺🇸 USDJPY 🇯🇵 - The growth of the currency pair may continue USDJPY will continue its growth provided that the dollar index will also continue its growth. Japanese banks are not doing well, the national currency continues to weaken. The dollar index may rise a little bit, as the interest rate cuts are still far away. Based on technical assumptions, there is a chance to see the continuation of the currency pair growth Reasons for further growth: 1) Uptrend 2) Strong dollar index and weak Yen 3) Consolidation of price after the rally. No correction 4) Possible false breakdown of PDL before PDH breakout
Long
by AndeWave
GBPJPY: Thoughts and Analysis Pre-BOJToday's focus: Pattern – Continuation, resistance test. Support – 37,400 Resistance – 187.63 - 184.35 Hi, and thanks for checking out today's update. Our focus today is on the GBPJPY pre-Bank of Japan. Looking at price, we can see it continues to trade on fast trends higher but has stalled at resistance. The market could now be waiting to see what's next from the Bank of Japan. Will they tweak their bond-buying program? We have seen some solid volatility from past meetings. Could this be another? We have run over two scenarios in today's video, and we will look to see what happens next for the JPY after tomorrow's BOJ meeting. Rates are expected to remain on hold, and the statement and outlook report are expected between 11:30 am and 4 pm on Tuesday this week. Good trading.
by Eightcap
Potential turning on UJ h1?Tradingview Ideas: Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Very nice run on UJ last week. You may also refer back to my previous analysis where i was bullish on UJ. Hopefully your got some pips too! The higher timeframe is still on the upside, just that pullback could be there and do take note of the tuesday rate news by BOJ Do check out my stream video 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. *********************************************************************
by Shadowing_The_Big_Boys
Connecting the Dots: CPI Numbers and USDJPY OpportunitiesIn today's trading session, our attention is on USDJPY, as we monitor a potential buying opportunity around the 147.500 zone. USDJPY, currently in an uptrend, is in a correction phase, approaching the trend at the 147.500 support and resistance area. Adding a fundamental layer to our analysis, let's consider the recent Consumer Price Index (CPI) data. Examining the CPI figures from the past months, there has been a gradual decrease, with the most recent data showing a CPI of 3.4%, surpassing the forecasted 3.2% and slightly down from the previous month's 3.7%. Now, let's connect this data to potential USD strength. A stable inflation environment can contribute to a stronger US dollar, as it signals economic stability and confidence. With the recent CPI figures, indicating a balance between inflation and expectations, there is potential for the USD to gain strength. Traders looking to engage in USDJPY should keep an eye on both fundamental and technical aspects. As always, trade safe.
Long
by JoeChampion
3
Sell USDJPY Triangle PatternUSD/JPY M30 Triangle Breakout Signals Potential Downtrend A bearish triangle pattern has emerged on the USD/JPY pair's M30 chart, hinting at a potential breakdown and further downward movement. Key Points: Pattern: The pair has been consolidating within a triangle formation, characterized by converging support and resistance lines. This often indicates a period of indecision before a decisive move. Sell Entry: A break below the lower support line of the triangle, around 148.10, could signal a bearish breakout and offer a potential sell entry. Targets: Potential bearish targets are located at the support levels of 147.16 and 146.60. Stop Loss: A stop loss can be placed above the upper resistance line of the triangle, around 148.50, to manage risk. Additional Considerations: Market Sentiment: The overall market sentiment and fundamental factors influencing both the USD and JPY will also impact the pair's price action. Economic Data: Keep an eye on upcoming economic data releases from both the US and Japan, as they could influence the currencies' relative strength. Risk Management: Employ proper risk management strategies, including appropriate trade sizing and stop-loss orders, to protect your capital. Fundamental Factors : 1. Mixed US Housing Data Dampens USD Strength: Earlier on Friday, mixed US housing data, including weaker-than-expected housing starts but a surprising rise in building permits, cast doubt on the strength of the US economy and capped gains for the dollar. This could put downward pressure on USD/JPY. 2. Weak Japanese Machinery Orders Add to Downside Risks: Japan's core machinery orders, a key indicator of future capital spending, unexpectedly declined in November, raising concerns about the health of the Japanese economy. This could lead to increased safe-haven demand for the Japanese yen, weakening USD/JPY further. 3. Rising Global Risk Aversion Favors JPY: Heightened geopolitical tensions and ongoing recession fears in some economies are prompting investors to seek safe-haven currencies like the yen. This could contribute to a decline in USD/JPY. Thank you
Short
by KABHI_TA_TRADING
8
USDJPY, yup yup went up n up, nice move after mid week!Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Did some pretty nice trade on UJ Long, bias still on the upside until unless something changes! Do check out my stream video 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
2
Buy AUDJPY Channel BreakoutBoJ not changing policy, intensified interest rate differential game: Comments from the country's monetary authorities suggest a new wave of pressure on the yen after three months of easing or ‘recharging’. With the Bank of Japan not changing policy, the yen is potentially under pressure from an intensified interest rate differential game. And this game promises to be more aggressive now than a year ago, as yield spreads between Japan and the US have widened for both short and long-term yields. The current higher interest rate environment is an opportunity for Japan to competitively devalue its currency to support national exporters, which it failed to do in the last decade in the era of zero interest rates. Price breaks the channel now, its good chance to buy now. Thank you
Long
by KABHI_TA_TRADING
6
AUDJPY - Keep It Simple 👌Hello TradingView Family / Fellow Traders, 📈 AUDJPY has demonstrated an overall bullish trend, trading within the rising broadening wedge pattern in blue. Currently, AUDJPY is sitting around the lower bound of the wedge. Moreover, the 96.5 serves as a robust demand zone. 🎯 Therefore, the highlighted blue circle signifies a significant zone to consider for potential buy setups . This area is noteworthy as it marks the convergence of the green demand and the lower blue trendline, acting as a non-horizontal support. 📚 In accordance with my trading style: As AUDJPY is sitting around the blue circle zone, I will actively search for bullish reversal setups to capitalize on the anticipated next bullish impulse movement. 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
Long
by TheSignalyst
🇺🇸 USDJPY 🇯🇵 - Bullish sentiment forms an upward trendUSDJPY may continue its growth on the back of the rise in the dollar index due to fundamental reasons. Technically, the currency pair is forming a bullish trend, it can be understood by the rising lows and highs. The target in our case could be 148.5 Reasons for further upside: 1) Trend breakdown 2) Yen is weaker than the dollar. The pair is rising following the DXY 3) Bullish trend is forming 4) Rising lows 5) Structure breakout
Long
by AndeWave
1