USDJPY 4H : Continue at the bullish trend USDJPY
OUTLOOK
Trading in the dollar pair against the yen stabilizes around the level of 148.74, and we notice that the price is moving positively now, waiting for the price to be stimulated to resume the expected upward trend for the coming period, remembering that our next target is at 149.46.
The ascending channel provides continuous positive support for the proposed ascending wave, which will remain in effect provided that the price maintains its stability above the 148.74 level.
Additionally ,Today News will affect the market .
support line : 148.74 , 147.80
resistance line : 149.46 , 150.00
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Usdjpyanalysis
USDJPY 4H : Still bullish USDJPY
OUTLOOK
The dollar pair against the yen continues to rise, reaching our expected target at 148.74 now, and we expect the upward trend to continue to exceed this level and open the way to achieving additional gains that reach the psychological barrier of 149.46 and 150.00.
Hence, the bullish trend scenario will remain valid and effective for the coming period, supported by the bullish channel, keeping in mind that the continuation of the bullish wave requires stability above the 147.80 level.
Additionally ,Today News will affect the market .
support line : 148.74 , 147.80
resistance line : 149.46 , 150.00
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USDJPY 4H : Uptrend USDJPY
OUTLOOK
The USD/JPY pair shows more upward bias as it attempts to confirm a return to the ascending channel, reinforcing expectations of a continuation of the upward trend in the immediate and short term, recalling that our next target is at 149.46 and 151.50 ,but to be sure at the bullish trend should stable above 148.74 and then will rise up .
There for the bullish trend scenario will be remain valid effective supported by bullish channel in place provided that the price maintains its stability above the 147.80 level , remembering that stabilized under 147.80 will not finish the bullish attempts but it will postponed in the shot term .
The expect range trading for today it will be between the resistance line 148.74 and support line 147.80.
Support line : 147.80 , 146.40
Resistance line : 148.74 , 149.46
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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
USD/JPY with plan trading week : 25.09 - 29.09.2023H4 frame - we can see that UJ is following an uptrend.
However, recently there have been signs of light selling - a normal occurrence when encountering resistance zones.
Trading plan, watch SELL at 150.7
If Buy, wait for the signal at area: 146.6
Currently, UJ is in the middle zone, so we encourage followers to wait for good signals
USDJPY (Continuation)The previous USDJPY thread became too long to remain practical hence, this new thread for the USDJPY.
Previous thread summary
-----------------------------------
Calendar days: 96
Net profit: (USDJPY only) +1073 pips (including the currency hedge adjustments in support of Nikkei long positions - +1132% Net)
Max risk; 0.71% of capital;
Max draw-down: -0.43%
Number of trades: 52 (including hedge adjustments)
Average R/R: 1:10.25 (Exclusive of hedge adjustments)
-----------------------------------
Here is the Daily;
Currently: FLAT -> Long Bias.
USDJPY | Perspective for the new week | Follow-upThings are heating up as the selling pressure surrounding this pair seems to be shifting gears. The US Dollar is riding high, boasting its loftiest daily close since March. What's fueling this surge? Well, it's all about the robust economic performance of the US economic docket.
Let's dive into the numbers—brace yourself for some impressive stats. The Producer Price Index (PPI) recently flexed its muscles, growing by 1.5% YoY. That's a notable leap from the prior reading of 0.8%, and it's left expectations trailing in the dust. Meanwhile, Retail Sales in August defied predictions, surging by 0.6% MoM, way above the estimated 0.2%. Not to be outdone, the US Department of Labor shared some encouraging news: weekly Initial Jobless Claims stood at a mere 220,000, down from 217,000, comfortably beating market consensus pegged at 225,000. These numbers collectively paint a picture of a resilient US economy and a notable rebound in inflation throughout August.
But here's the twist—the Federal Reserve (Fed) doesn't seem swayed by these developments. Market key player suggests that the Fed is likely to keep its interest rates steady at the upcoming meeting. In the background, the Fed's steadfast hawkish stance continues to give a nod to US bond yields and fortify the US Dollar's position—for now.
Now, let's pivot to the Japanese Yen's corner, where the plot thickens. The Bank of Japan (BoJ) has made its stance clear: they're not considering an exit from their ultra-easy policy unless wage and inflation data play ball. This leaves the JPY exposed to the maneuvers of its global rivals.
As we gear up for the upcoming week, we're bracing for a series of pivotal economic events, including the highly anticipated interest rate decisions from both sides of the Pacific. Stay tuned for the analysis that'll keep you ahead of the forex curve!
USDJPY Technical Analysis:
As highlighted in the video, the recent mild downward pressure is beginning to ease, and the odds of USD pulling back further have diminished. However, only a clear break of 147.950 will validate an uptrend continuation. In this video, we conducted an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure which is evidently bullish. Our primary focus is within the key zone of 147.950, which will serve as our center of focus ahead of the upcoming week. The key level becomes an area of interest as buyers continue to knock this ceiling and a breakout/retest could incite a clear uptrend. The market's reaction around this area at the beginning of the new week will heavily influence the trajectory of price action in the days to come.
Join me on this journey as we explore potential trading opportunities using trendlines, key levels, and chart patterns. Be sure to stay connected to my channel, follow my updates, and actively engage in the comment section as we navigate the dynamic USDJPY market together.
Wishing you the best of luck as you chart your course in the USDJPY market this week.
#USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading
Disclaimer Notice:
Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy.
It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances.
Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it.
Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
Best level to sell USD/JPY (+700 Pips, Entry, TP and SL)Hello traders! USD/JPY is on a continuous uptrend. However, price
might reach a strong resistance level from where it could
reverse. With BOJ rate event scheduled for tomorrow, this scenario
might play out.
📌The area 151.50-152 is a strong rejection zone. Currently, there is
not much resistance between 148 and 152.
📌The area 152 also happens to be at the top of the price channel
that you can see in my chart.
📌During the BOJ rate event, if price spikes to the 152 zone, I would
consider selling USDJPY@151.70-152.20 with SL above 153 and swing
TP at 143.50
Celebrate the Weakest Japan Yen in 10 Months - Long USD/JPY
The Japan yen continues to display its weakness, hitting a 10-month low against the US dollar. It's time to seize this golden opportunity and consider going long on USD/JPY!
The recent trend in the currency markets has shown a remarkable decline in the value of the Japan yen. As traders, we know that such fluctuations can present us with incredible prospects to maximize our gains. The current situation offers a perfect chance to capitalize on the yen's weakness and leverage the strength of the US dollar.
Why should you consider going long on USD/JPY? Well, let me share some compelling reasons:
1. Weakest Japan Yen in 10 Months: The yen's value has been steadily declining, reaching its lowest point in the past 10 months. This trend suggests a potential for further weakening, making it an ideal time to take advantage of this market sentiment.
2. Favorable Economic Factors: Various economic indicators point towards a stronger US economy, including robust GDP growth, improved employment rates, and increased consumer spending. These factors contribute to the strength of the US dollar, which can further drive USD/JPY in your favor.
3. Technical Analysis Signals: Technical analysis enthusiasts will be delighted to know that several indicators are aligning to support a bullish outlook on USD/JPY. From moving averages to trendline breakouts, the charts are painting a positive picture for this currency pair.
Now that you're aware of the exciting opportunity at hand, it's time to take action! Consider going long on USD/JPY and ride the wave of the yen's weakness. Remember, successful traders are the ones who spot opportunities when they arise and take calculated risks.
As always, it's crucial to conduct your own thorough analysis and risk assessment before making any trading decisions. Stay informed about market developments, keep an eye on economic news, and consult with your trusted advisors to ensure your strategies align with your investment goals.
Wishing you a joyful trading journey filled with profitable endeavors!
XAUUSD top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
"USDJPY: Watching 148.80 for Reversal"The USDJPY currency pair is currently on an upward trajectory, approaching the key resistance level at 148.80. It's worth noting that in October of the previous year, the price experienced a significant downturn from this same level. Given this historical context, there is a reasonable expectation that a similar price reversal may occur this time as well.
Should the daily candle manage to close above the critical resistance point at 148.80, it could potentially signal a further bullish extension towards the next target at 150.10. However, our strategy entails a bearish outlook. We plan to initiate a sell position at 150.10, with a target set at 145.55. This target aligns with the trend line support, which suggests a potential bearish move in the market, mirroring the historical precedent of price declines from the 148.80 level.
🔥1st Sell Entry - 148.80
🔥2nd Sell Entry - 150.10
👇TP - 145.50
🔴SL - Join Our Channel
USD/JPY Weekly Analysis - Potential SellWelcome to our weekly USD/JPY analysis on TradingView! In this post, we'll provide you with a comprehensive overview of the USD/JPY currency pair's current situation. It's currently trading within a channel, and we'll also discuss the possibility of a double top formation. Let's dive into the analysis!
📈 Key Weekly Analysis Points:
Inside the Channel: Explore the implications of USD/JPY trading within the channel and its potential impact on future price movements.
Double Top Potential: Discuss the formation of a potential double top pattern and its significance for traders.
Support and Resistance: Analyze the crucial support and resistance levels within the channel and their importance.
Trade Strategies: Discover potential trading strategies for a scenario involving both a channel and a double top pattern.
If you're a trader or investor interested in USD/JPY, this post offers valuable insights to help you navigate the markets effectively on TradingView.
Please remember to follow us for regular updates and analysis. Feel free to share your thoughts and questions in the comments section below. Your feedback and interaction are highly appreciated!
Disclaimer: This analysis is for educational purposes only and should not be considered as financial advice. Always conduct your research and consult with a financial advisor before making any trading decisions. Trading involves risks, and it's crucial to manage them wisely.
USD/JPY at PRZ, may fall 100 pips from hereHello everyone! There was an attempt to break the 147.85 resistance
level. However, we might have witnessed a fake break on Friday and price
is currently back below the resistance zone.
📌At present, USD/JPY is below the 147.85 resistance level.
📌 In the 4Hour chart, if price continues to stay below the key resistance
level, we can see a pullback of 100 pips or more
📌Traders can consider selling USD/JPY@147.70-147.90 with SL above 148
and initial TP at 146.70
USDJPY I Above 147.90 will pave retest to 151.90Welcome 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.
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USDJPY: Confidence in the uptrend!USD/JPY consolidates in a tight range around 147.40 ahead of US UoM confidence data
The USD/JPY pair consolidated its recent gains in a tight range below the mid-147.00s during the first hour of Asian trading on Friday. The stronger US dollar (USD) is underpinned by strong US economic data. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value against six other major currencies, held above 105.35, near its highest daily close since March. The pair is currently trading near 147.45, losing 0.02% on the day.
USDJPY - Fill the gap before bearish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As I said in my previous analysis price started the retracement, on 1H timeframe we can see that price changed the character. Now I expect price could fill the gap higher before going lower.
Fundamental analysis: Tomorrow will be released monthly and yearly CPI on USD and on Thursday monthly PPI. Pay attention to the results in order to validate the analysis.
Like, comment and subscribe to be in touch with my content!
USDJPY - AnalysisUSDJPY
W1 - Uptrend, targets that we can potentially reach 167.571
The nearest target is 157.460 - from this level a correction and further upward movement may follow, as well as a possible trend reversal. When reversing, you can expect a three-wave structure; if the trend changes, global targets may be 137.806 - 127.111
What can you expect?
Continuation of the upward trend - the target can be set at the level of 152.028 - 157.460
Long
Targets – 148,299 - 149,139 - 149,907
Long-term perspective - goals 152,028 - 157,460 - 167,571
USD/JPY coming to the strong resistanceUSD/JPY has been consolidating in a narrow range of 145-147 for the past three weeks. The pair is demonstrating an accumulation and should breakout soon. The reversal zone is a big potential, at least for 100 pips.
The hurdle for raising rates this month is higher, implying the possibility for US Dollar falls.
Next stronger reversal zone possibility is at around 148.80, but light shorts right now can be placed.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.