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Usdjpyidea

USDJPY | Strong Bearish Trend. When it comes to USDJPY , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area. If you find this technical analysis useful, please like & share our ideas with the community. What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Short
by maxprofwizard
USD/JYP (US DOLLOR VS JAPANESE YEN) MAKING TRIANGLEUSD/JPY (WEEKLY) making a contracting triangle on a Primary degree B of Cycle degree 4th. We are currently on an E wave of an Intermediate degree of a triangle. we are most likely to come down for A of E of a triangle. We can see 3 waves down as an A-B-C pattern on the E wave of the triangle. Most probably we are just finished D of the triangle and we are likely to push down for E as my preferred count (projected by the black line) and if we have not finished D of the triangle so we can go to break recent high as an alternative count (projected by the red line) and after that, we will come down for triangle continuation. DISCLOSURE - Please be informed that the information I provide is not a trading recommendation or investment advice. All of my work is for educational purposes only. All labeling and wave count have been done by me manually and I will keep changing according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans. Try to learn Elliott Wave or other strategies and make your own strategy. Following is not that much easy. I am not responsible for any losses if u took the trade according to my trade plans.
Long
by anantadhungana
USDJPY | Good Buy Opportunity If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of USDJPY, I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by MaxProfHacker
USD/JPY Technical Analysis: Bearish Momentum RemainsThe outlook for the US dollar was boosted last Friday when official figures confirmed US inflation had risen to a new multi-decade high last month, which is likely to keep the Federal Reserve (Fed) on course to accelerate its monetary policy normalization. The price of the USD/JPY currency pair moved towards the level of 113.80 after the data and settled around the level of 113.46 as of this writing. The US dollar's exchange rates fluctuated briefly before the weekend as figures from the Bureau of Labor Statistics revealed that a 0.8% US inflation increase in November lifted the annual pace of price growth in the US to 6.8% last month. Meanwhile, inflation rose from 4.6% to 4.9% for November, the highest level since the year ending June 1991, even after excluding changes in volatile food and energy prices from the figures after a 0.5% increase in November in core inflation. Gasoline, housing, food, used cars and trucks and new vehicles were among the biggest contributors to the price increases in November, all goods whose supplies were recently disrupted by efforts to contain the Corona virus, which has led to prices rising sharply over the past year. Catherine Judge, CIBC Capital Markets economist, says: “With inflation at a high pace, the Fed is expected to accelerate its quantitative easing schedule at the December meeting, to end in early spring, and to allow for a rate hike in the second quarter of 2022, when the winter wave of Covid is late for us.” Inflation has risen sharply around the world this year due to shortages of goods and labor as well as other factors, although price increases have been stronger in the United States where publicly funded financial support for households was much greater than elsewhere at the height of the pandemic. November was the second consecutive month that the headline CPI rose more than six percent, well above the Fed's average inflation target of 2 percent and likely to keep the bank on track to accelerate the normalization of its monetary policy settings. The strength and persistence of recent increases in inflation have led Fed policy makers to rethink earlier expectations that price pressures would quickly dissipate on their own, and they almost cut the bargain for a decision this week to speed up the process of winding down the bank's bond-buying program. Ten of the twelve FOMC voting members have publicly indicated over the past month that they might support a decision to scale back the Fed's monthly bond purchases at a faster pace than agreed in November. Many economists now expect the Fed to end its bond purchases in March instead of June 2022, which would provide room for the bank to start raising its key rate as soon as possible in the second quarter of next year if inflation pressures remain high enough in the interim. Technical Analysis How the USD/JPY will close out this year will depend on what will be issued by the US Federal Reserve this week. So far, the currency pair is in a neutral position with a bearish bias, and stability below the 113.00 support will increase the bears' control to move further downwards. According to the performance on the daily chart, the next bearish targets will be 112.50, 111.75 and 110.60. On the upside, and according to the performance over the same time period, the 114.20 resistance will be important for the bulls to launch further and change the current situation. In addition to the raising of interest rates, it is necessary to take into account the extent of risk appetite.
Short
by SmoothJB
USDJPY , We should wait until the price arrive in ...Hello everybody According to the chart you can see that after the trend was changed, the price dumped and now we need to correction to recovery the power and again ready to dump and re-test that area again or dump more . But in this analysis to should check the chart and that zone in lower time frame to take signal than take position and put stop loss and wait until the target reach . Another method to take in this position is put sell limit in the area and put stop loss and put target than set and forget and go , anything happen and after 2 3 days you can come back and see it If you have any question just ask us and send us messages in private Good Luck Abtin
Short
by Abtin00
USD/JPY Technical Analysis: Neutral with Bullish BiasSince the start of this week's trading, the USD/JPY has been moving within attempts to rebound upwards, reach the 113.78 resistance and settling around 113.50 as of this writing. This came after the announcement of growth figures for the Japanese economy, and no important US data. The US dollar is still supported by expectations that the US interest rate will be raised soon. Federal Reserve Chairman Jerome Powell, in testimony to US lawmakers last week, said he no longer sees inflation as temporary, and the possibility of an accelerating "gradual taper" could be announced at the US Federal Reserve's December meeting. The US trade deficit narrowed to $67.1 billion in October, the lowest level in six months, after hitting a record high in September. A significant rebound in exports helped offset a much smaller increase in imports. In this regard, the US Commerce Department reported that the October deficit was 17.6% below its all-time high in September at $81.4 billion. It was the smallest monthly deficit since the $66.2 billion imbalance in April. Economists see the strong rebound in exports as evidence that global supply chains are beginning to disintegrate, and believe that smaller deficits this quarter could give a boost to overall US economic growth. There were gains in many export categories, indicating that the recovering global economy is beginning to boost demand for US products. Americans' demand for imports was racing ahead of export sales as the US economy recovered more quickly than other countries from the pandemic. In October, exports rose 8.1% to $223.6 billion while imports rose 0.9% to $290.7 billion. A deficit is the gap between what the United States exports to the rest of the world and the imports it buys from foreign countries. The politically sensitive trade deficit with China, the largest with any country, fell 14% in October to $31.4 billion. In the first 10 months of this year, the goods trade deficit with China was 13.7% higher than it was a year ago. America's total trade deficit is $705.2 billion so far this year, up 29.7% from the same period last year. Trade flows were sharply reduced last year as the COVID pandemic curtailed economic activity. Part of the October increase in exports reflected an increase in oil exports, reflecting the return to more normal operations at Gulf Coast refineries that had been closed by Hurricane Ida. Big gains in US auto exports and imports suggest that the global shortage of computer chips that has hampered auto production is beginning to recede, a trend that leaders in the auto industry have noted. Commenting on the results, Andrew Hunter, chief US economist at Capital Economics, predicted that the improved business picture would add about one percentage point to US economic growth in the current October-December quarter. It expects GDP to grow at an annual rate of 6.5% this quarter, a significant improvement from the modest 2.1% growth rate in the third quarter. Technical Analysis As I expected, the USD/JPY will continue to move in narrow ranges until the US inflation figures are announced. The psychological resistance is still 114.00 and is crucial for the bulls to continue moving upward. So far I still prefer to sell the currency pair from every bullish level. There is still a break in the trend on the daily chart and the neutrality of performance in the recent period is due to the markets’ loss of catalysts for a higher launch, as the world is still studying the effects of the new COVID variant and its resistance to approved vaccines and the absence of influential US data since the beginning of the week's trading. To the downside, breaking the 113.00 support will give the bears the motivation to move back, and accordingly, the next support levels may be 112.25, 111.40 and 110.80.
by SmoothJB
USDJPY Analysis: What's Next After the Weak GDP Data from Japan What's up with USDJPY? Japan's economy contracted sharply in the 3d quarter. GDP declined by 0.8% on a Q/Q basis. This was a substantial decline from the 2d quarter’s growth of 0.5% and slightly lower than the median estimate of -0.8%. More fundamentals here: forexezy.com As the Japanese economy will probably record the slowest recovery among the G7 countries and with the US inflation numbers ahead, here is my technical analysis for the upcoming price action: The 4H chart shows that the USDJPY has some significant support at the 112.71 level. It has struggled to move below this point after bullish breakout in October. This price is notable since it is slightly below the 38.2% Fibonacci retracement level. It also seems like it is the neckline of a potential head and shoulders pattern that is forming. Therefore, there is a likelihood that the pair will break out lower in the coming days. If this happens, the pair can test the 50% retracement level at 112.40.
by Forexezy_com
USDJPY: May Stay in Same RangeOn the daily chart, the USD/JPY is still stable to the downside and turned the general trend to the bottom, and stability around and below the 113.00 support level motivates the bears to move further downward. The closest support levels for the pair may currently be 112.55 and 111.80 And 110.90, which are sufficient levels to push the technical indicators towards strong oversold levels. On the upside, for the bulls need to break through the 114.55 resistance to get back on the upside trajectory. So far I still prefer selling USDJPY from every bullish level. The currency pair will be affected today by risk appetite, in addition to the announcement of the number of US weekly jobless claims. The USD/JPY's attempts to recover were still weak yesterday. It tried to rebound but did not get past the 113.63 level, and collapsed in early trading today to the support level at 112.62 and settles around the 113.05 level as of this writing. The US dollar has benefited a bit from its safe-haven appeal after the Centers for Disease Control and Prevention revealed the first confirmed case of Covid-19 caused by the new Omicron variant in the US. The CDC said the first confirmed case of Omicron was detected in an individual in California who returned from South Africa on November 22, 2021. The CDC said: “A person who is fully vaccinated and has mild symptoms improve, He is subject to self-quarantine and since then his test result has been positive.” And “all contacts were contacted and the results of the tests were negative.” A report released by the payroll processor ADP showed that US private sector employment increased slightly more than expected in November.The ADP said that employment in the private sector jumped by 534,000 jobs in November after rising by a revised 570 thousand jobs in October. Economists had expected US private sector employment to jump by 525,000 jobs, compared to an addition of 571,000 jobs originally reported for the previous month. For its part, Nella Richardson, chief economist at ADP, noted that "it is too early to tell whether the alternative Omicron can slow the job recovery in the coming months." The Institute for Supply Management released a separate report showing US manufacturing activity grew at a slightly faster rate in November. The ISM said that its manufacturing PMI rose to 61.1 in November from 60.8 in October, and according to the index's data, any reading above the 50 level indicates growth in the sector. Economists had expected the index to reach 61.0. On the other hand, according to the Beige Book, US economic activity grew at a modest to moderate pace during October and early November. The Beige Book, a collection of anecdotal evidence of economic conditions in each of the 12 federal districts, was released two weeks before the next monetary policy meeting. The Fed noted that many regions saw strong demand, but growth was constrained by supply chain disruptions and labor shortages. Fed Chairman Jerome Powell noted during congressional testimony that the emergence of the coronavirus Omicron variant could slow progress in the labor market and exacerbate supply chain disruptions. The Beige Book added that consumer spending increased slightly during this period, although lower inventories hampered sales of some items, particularly light vehicles.
Short
by SmoothJB
1
USD/JPY Technical Analysis: Reversing the General TrendOn the daily chart, the USD/JPY is stable in an important area. Breaking the 113.00 support supports a bearish reversal of the trend an further movement down. The closest support levels for the pair are currently 112.75, 111.80 and 110.90. On the upside, the bulls will break through the 114.60 resistance to return to the upside track. I still prefer selling the currency pair from every bullish level. The USD/JPY will be affected today by the announcement of the US consumer confidence reading and the testimony of US Federal Reserve Chairman Jerome Powell. For the third day in a row, the USD/JPY is settling below the 113.00 support level after strong selloffs which the pair recently witnessed as it collapsed from its highest level in six years, when it tested the 115.52 resistance level last week. The outbreak of a new variant of the Corona virus, which contributed to the return of lockdowns, disturbed investors and markets, and it may also be with global central banks that are heading towards tightening their monetary policy. This morning, the currency pair attempted to correct upwards to reach the 113.88 resistance level, but it came back down, settling around the 113.10 support level at the time of writing the analysis. FX markets have generally calmed since the start of this week's trading, despite mixed omicron anxiety that dominated international headlines. Currently, investors seem to adopt a wait-and-see approach to investing. Market analysts are still forecasting fluctuations in the currencies' performance. “Until then, market volatility is likely to remain elevated,” said Rodrigo Cattrell, senior FX analyst at National Australia Bank, in a note to clients. “Markets have had to reassess the global growth outlook until we know more. ” Global financial markets will be watching US President Joe Biden's speech when he provides an update on America's response to the new variant. Although the World Health Organization (WHO) has urged everyone to avoid a sudden reaction, officials have reacted by closing borders and suspending travel to and from major destinations. Meanwhile, investors will be paying close attention to the speeches of several Fed leaders. Fed Chair Jerome Powell and outgoing Fed Vice Chair Richard Clarida will speak and may offer some insights into how the omicron variable could affect the US central bank's monetary policy moving forward. The US dollar index (DXY), which measures the performance of the US currency against a basket of six major competing currencies, rose to 96.20, and the index suffered a weekly loss last week of 0.3%, but it is still up by 7% since the beginning of the year 2021 to date. The USDJPY rate may be more sensitive to the ebb and flow of risk appetite in global markets as well as any other insights into the Fed's policy outlook that all of the different Fed rate setters who are set to speak publicly throughout the week may offer. These various speeches will come after Federal Reserve Chairman Jerome Powell's Monday and Tuesday appearance in Congress, and they will all be listened to closely by the market for clues about whether the new virus strain is something that can prevent the Fed from accelerating its tapering easing program. Quantitative bank begins to raise US interest rates. This comes after the minutes of the Federal Reserve's November meeting last week revealed that some of the bank's policy makers were considering calling for exactly this course of action, which severely affected the currency pair's price.
by SmoothJB