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Usdjpyanalysis

Will USDJPY will break downside soon?USDJPY is one of the popular Forex-Pair for trading. USDJPY is showing near term bearishness. as we are seeing that it's trading on it's all time high also has been rejected once with high volume volatility. once break we will be having a nice approx R:R :: 1:3 trade. Near future i am expecting a bearish market once it break to downside. all levels are marked on the chart. Reason : In rising wedge pattern which is mostly bearish. once break to downside Price < VWAP. RSI is already in 40-60 means mostly sideways. if it breaks will be a breakout of 2 month consolidation in Rising wedge. Verdict : Bearishness is expected in upcoming week. Plan of action: Go short on Break downside.
Short
by finnova_
It has to come above the water to breatheWe are at the bottom of the ascending channel And on the other hand in Moving 200 Therefore, there is a possibility of growth. But on the other hand, we faced a powerful fall, which makes possible more fall. This decline may continue up to the specified support area. The final opinion is that the possibility of growth is more. Follow us, we will be happy to be with you. If you are interested in forex analysis and want me to do it, like this analysis. To do more forex analysis
by karaco2022
Is it safe to set sell orders at 150.000 for USD/JPY now? Did the BoJ secretly intervene in USD/JPY on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY crossed 150.000 (its weakest levels in a year), a huge candle appeared on Tuesday touching as low as 147.300 before closing at 149.100. The Bank of Japan's data apparently showed that it did not intervene (its current account balance was within the estimated range). So, if it wasn’t a BoJ intervention, what was it? A self-fulfilling prophecy? Maybe both? It’s all a bit murky. Even former BOJ official Hideo Kumano said that Tuesday's move showed all the hallmarks of intervention. Of course, if it was the BoJ, they would be willing to do it again if needed as they have stated many times (although the officials like to phrase it as combating excess volatility rather than combatting a weakening yen). Tuesday intervention could have just been a warning shot to those looking to bet against the yen, with more drastic action from the BoJ locked and loaded. The BoJ last officially intervened in the currency markets in September and October last year, when the USD/JPY hit a 32-year low of 151.940. At that time, intervention was able to push the pair down to 146.000. Which begs the question; what could be some possible targets this year? Well, the aforementioned wick’s low of 147.300 is an obvious target, with 147.000 just below it. But, like the wider context, targets become a little murkier after these levels. Last year's pivot points at 145.700 and 145.500 might come into play.
by BlackBull_Markets
Yen Drops Below 150 Per Dollar - Exercise Caution in TradingThe Japanese yen has recently dropped below the critical threshold of 150 per dollar, primarily due to mounting concerns regarding intervention measures. In light of this situation, I strongly urge you to exercise caution and consider pausing yen trading until further clarification is obtained. The sudden decline in the yen's value has raised concerns among market participants, as it suggests the possibility of intervention by the Japanese government or central bank. Intervention refers to deliberate actions taken by authorities to influence their currency's exchange rate, typically through buying or selling large amounts of their own currency in the foreign exchange market. Such interventions can have a profound impact on the currency's value and create significant volatility in the market. Given the uncertainty surrounding the current situation, it is prudent to reassess our trading strategies and ensure that we are not unnecessarily exposed to potential risks. Therefore, I strongly recommend that you temporarily halt yen trading until we receive further guidance or clarification from reliable sources regarding any potential intervention measures. In the meantime, I encourage you to closely monitor the latest news and market developments related to the yen. Stay informed about any official statements or actions from the Japanese government or central bank, as these can provide valuable insights into the future direction of the currency. Additionally, consider diversifying your portfolio to reduce reliance on yen-based assets until the situation stabilizes. Please remember that our primary objective is to protect our investments and mitigate risk. By exercising caution and temporarily pausing yen trading, we can better position ourselves to navigate the current market uncertainties and make informed decisions when clarity emerges. If you have any questions or require further guidance, please do not hesitate to reach out to me or our dedicated support team. We are here to assist you and ensure that you have the necessary information to make well-informed trading decisions.
by bryandowningqln
11
USDJPY 4H : 148.74 Support to rise upUSDJPY New forecast The dollar pair against the yen fell sharply after touching our first awaited target at 150.00, to break the support of the ascending channel and reach the 147.30 level, which represents the 23.6% Fibonacci retracement level of the rise that started from the 138.05 areas, noting that the price rebounded quickly from there to head towards Resuming the main bullish trend again, on its way to initially test the 150.00 level. Therefore, we expect to witness more upward bias during the coming sessions, and breaching the target 150.00 level will push the price to 150.55 and 151.00 as the next positive station, keeping in mind that breaking 148.74 will stop the expected rise and put pressure on the price to conduct an additional downward correction. Additionally ,Today News will affect the market . support line : 148.74 , 147.79 resistance line : 150.00 , 150.55 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed
4
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
USDJPY; Zen and the art of economic cycle maintenanceThe Yen and thus, the Bank of Japan, is in a rather precarious position. (Then again, when was the last time they weren't - in a precarious position?? ... .) Admittedly, our Japanese is somewhat rusty lately but nowhere in the monetary manual did we find where it says: "Lending rates must be fixed at <0% or >10%, at all times!" So, when the BoJ hangs it's hat on some arbitrary metric, such as the volatility in the USDJPY in this case, to guide it's policy and a potential departure from the negative interest rates (more so than based on the underlying economic data - CPI, PPI, unemployment, etc.) and then said volatility collapses, almost immediately?! ... One could only speculate on the complex range of emotions, induced in the BoJ's leadership (WTF?!, etc.). So,now what? ... These previously unlikely turn of events suddenly provide a strong bias towards a (top-side) volatility spike, in the event of which a forced monetary intervention by the BoJ in the very near future becomes a virtually foregone conclusion! On an additional note; Given the current US-Japanese rate differentials (as well as other factors) the USDJPY remains the least "over valued" among all the Yen crosses - making it a less than ideal such metric. Try on the CHFJPY or even the EURJPY as an exercise in absurd over valuation, for example. The likes of which have solid, almost identical, precedents in the late 1970 European central bank policies, most ending "in tears" and none more than Switzerland's SNB's, which slid into one of it's deepest depressions by the beginning of the 1980s! This weeks technical picture (including Fridays close) further underlines this, by now much shifted, bias toward a top-side break out, potentially pushing prices well past the key 150.00 level, rather quickly. (E.g., certainly do Not be short the USDJPY, here! - To say the least.) Current Rate Differentials between the Bank of Japan and ... -------------------------------------------------------------------------------- - in Basis Points - ("most over valued" ranking) - CHFJPY (Switerland) --- +250 - (#1) - SKJPY (Sweden) --- +375 - AUDJPY (Australia) --- +400 - NOKJPY (Norway) --- +400 - EURJPY (EU) --- +450 - (#5) - CADJPY (Canada) --- +475 - GBPJPY (G. Britain) --- +515 - NZDJPY (N Zealand) --- +525 - USDJPY (US) --- +525 - MXNJPY (Mexico) --- +11.25 - (#4) - ZARJPY (S. Africa) --- +11.75 - (#2) - HUFJPY (Hungary) --- +13.00 - (#3) --------------------------------------------------------------------- p.s. This here is also the new Yen Thread!/b]
by Nemo_Confidat
2
USDJPY - Bullish price action ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: On Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDJPY 4H : Support further rise upUSDJPY New forecast The USD/JPY pair continues to fluctuate around the support of the ascending channel, and is quietly creeping upward to reach the 150.00 barrier, waiting for this level to be crossed to open the way towards heading towards our next positive target at 150.55 and 151.00. In general, we continue to favor the upward trend for the coming period unless the 148.74 level is broken and holds below it, as breaking this level will put pressure on the price to start a downward corrective wave for the rise that started from the 138.05 areas. Additionally ,Today News will affect the market . support line : 148.74 , 147.80 resistance line : 150.00 , 150.55 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
2
USDJPY 1H : Uptrend above 148.74USDJPY New forecast The USD/JPY pair faced negative pressure in the past sessions and tried to break the support of the ascending channel, but it maintained its stability above the support of the ascending channel, so that the upward trend scenario remains valid in the immediate and short term, awaiting achieving our goals, which start at 150.00 and extend to 150.55 after exceeding the previous level. Therefore, the upward trend scenario will remain effective for the coming period supported by bullish channel and dollar strong ,The expected upward wave, which will remain in effect provided that the price remains above the 148.74 level. Additionally ,Today News will affect the market . support line : 148.74 , 147.80 resistance line : 150.00 , 150.55 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
Long
by Arazmajeed
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexPlanet20
USDJPY I Weekly Forecast & Technical OverviewWelcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!
Long
by BKTradingAcademy
11
Potential Intervention by Bank of Japan - Pause Yen Trading? As you are aware, the USD/JPY currency pair has been experiencing considerable volatility lately, with the exchange rate approaching the critical level of 155. While we strive to maintain a balanced and unbiased approach, it is essential to acknowledge the potential consequences if the USD/JPY falls beyond this threshold. In such a scenario, it is highly likely that the Bank of Japan (BoJ) may intervene to stabilize the yen's value against the US dollar. Historically, the BoJ has demonstrated a proactive approach to prevent excessive currency fluctuations, especially when they may adversely affect Japan's economy. Considering this possibility, we strongly recommend that traders take a moment to reassess their current yen trading positions. Pausing yen trading during this uncertain period may prove to be a prudent decision, allowing us to gauge the BoJ's response and the subsequent market sentiment. We understand that as traders, you possess the expertise to make informed decisions based on your individual strategies and risk appetite. However, we believe it is our responsibility to highlight potential market events that could have a significant impact on your trading activities. To stay updated on the latest developments regarding the USD/JPY exchange rate and the Bank of Japan's potential intervention, we encourage you to regularly monitor reliable news sources and leverage comprehensive research tools. In conclusion, we urge you to exercise caution and consider pausing yen trading until further clarity emerges regarding the Bank of Japan's intervention. By adopting a prudent approach, we can safeguard our positions and navigate the market with greater confidence.
by bryandowningqln
USDJPY 4H : it possible to retest and then rise upUSDJPY New forecast The price perfectly fulfills my last idea and reach to our target . The USD/JPY pair resumed its positive trading to approach our new expected target at 150.00, and is receiving continuous support from the upward channel to enhance the chances of continuing the upward trend in the immediate and short term, noting that crossing the 149.46 level will extend the upward wave to reach the 150.00 and 150.55 areas as the next main stations. From here, we continue to favor the upward trend during the coming sessions , unless the 148.40 level is broken and holds below it. and also below the 149.46 level it possible to retest to 148.40 and then continue at the bullish trend . Additionally ,Today News will affect the market . support line : 148.74 , 147.80 resistance line : 149.46 , 150.00 Thank you for considering my analysis and perspective and If this post was useful to you , don't forget to subscribe and like ❤️
by Arazmajeed