USDJPY,🟢Can price move highr...?🟢(Details on caption)As you can see, the price was in the range for a while and there is a liquidity pool on both sides of this range.
A sell-side liquidity in daily FVG makes this FVG a high probability support and we can also define the bullish 4-hour breaker block inside the FVG.
Now, we can expect price support from the FVG and move higher to collect the liquidity above the previous highs.
Please pay attention: We need LTF confirmation to execute the buy position.
💡Wait for the update!
🗓️06/03/2024
🔎 DYOR
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Usdjpylong
USDJPY: Asian Foreign Exchange market is quietThe Japanese yen hovered close to a four-month low, whilst statistics confirmed inflation in Tokyo recovered as predicted in February. Stable inflation offers the Bank of Japan extra motivation to elevate hobby costs from extraordinarily low levels.
The greenback index and greenback index futures had been consistent at some point of the session
buying and selling in Asia on Tuesday, after seeing a few volatility in latest sessions.
While latest statistics indicates inflation withinside the US relatively stabilizing, buyers appear like preserving bets that the Fed will reduce hobby costs in June.
But the change is predicted to be in large part examined this week, with a two-day testimony from Fed Chairman Jerome Powell in which analysts anticipate him to preserve tons of his hawkish stance. .
Then key nonfarm payrolls statistics is due out this Friday and is predicted to offer similarly alerts at the hard work market.
usd jPY LONGThe Japanese Yen drifts lower on Friday and moves away from over a two-week high. The BoJ policy uncertainty and the risk-on environment undermine the safe-haven JPY. Hawkish Fed expectations underpin the USD and remain supportive of the momentum.
rom a technical perspective, any subsequent move up is likely to confront stiff resistance near the 150.65-150.70 region. This is closely followed by a multi-month peak, around the 150.90 zone touched on February 13, which if cleared decisively will be seen as a fresh trigger for bullish traders. Given that oscillators on the daily chart are holding comfortably in the positive territory, the USD/JPY pair might then climb to the 151.45 hurdle en route to the 152.00 neighbourhood, or a multi-decade peak set in October 2022 and retested in November 2023.
USDJPY BUY USING PO3 ? (market cycles)hello guys i hope you are having a good week ,
today i am looking at USDJPY
this weekly candle on usdjpy closes as a hammer looking like candle indicating buy.
for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation.
my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area.
but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy .
keep in mind very very action packed week ahead trade safe !
USD JPY Long The Japanese Yen drifts lower on Friday and moves away from over a two-week high. The BoJ policy uncertainty and the risk-on environment undermine the safe-haven JPY. Hawkish Fed expectations underpin the USD and remain supportive of the momentum.
USD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs – second only to EUR/USD – and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
Confirm Chart
USDJPY → About to Breakout to New Highs? Let's Maximize Profits!USDJPY is on its third leg up in this bull channel that started at 141.000. We're near the top of Resistance Zone, is a long justified?
How do we trade this? 🤔
We need confirmation of a breakout to justify a long. After the initial bull run to 152.000, USDJPY pulled back with three legs to 140.200 and followed with a run to our current position of just over 149.000. The price action is technically at a new high in this run which could be the top of the third and final leg up.
Given the two strong bull bar closes on February 2nd and 8th and the lack of a sell signal, I do not believe this leg is over yet. What we need is a close above the Resistance Zone at 150.000 followed by a test of the top of Resistance as support. Once we see that support, it's reasonable to enter a long position with a 1:2 Risk/Reward Ratio. Take half profits at 1:1 Risk/Reward which is 151.200, move the stop loss up to the entry price to lock in profits, then swing the second half above the previous 152.000 high. 152.000 is a significant resistance area and I would be cautious to assume we'll make it to that price, however, the trend is our friend until the very end. Until we have a reason to change our bias, we must remain long.
💡 Trade Idea 💡
Long Entry: 150.385
🟥 Stop Loss: $149.250
✅ Take Profit #1: $151.200
✅ Take Profit #2: $152.650
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Two strong legs up in a micro bull channel.
2. Third leg in progress, strong bull bar closes on February 2nd and 8th, indicating more upward momentum.
3. Near the top of the Resistance Zone, wait for a close above and test of Resistance as Support.
4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward.
5. RSI at 63.00 and above the moving average, supports long bias.
💰 Trading Tip 💰
The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USDJPY I Technical and fundamental analysis & Trading PlanWelcome 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 | Market outlookIn the absence of significant economic releases, the movement of the yen is generally driven by external factors. It is worth noting the latest comments of the new head of the Bank of Japan, Kazuo Ueda. Today, speaking in parliament, he said that the regulator will continue to achieve the central bank's inflation target of 2.0%, easing monetary policy, even though this may take a considerable time. Ueda also stressed the need for Japanese firms to increase investment in human capital, saying that economic growth should lead to higher wages and keep inflation rising. In general, these comments disappointed market participants, who are counting on the fact that the new chairman of the regulator will change the course of his predecessors, give up control of the bond yield curve and start raising interest rates.
USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation ascending triangle, set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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USDJPY: Asian foreign exchange weakens, dollar rises, will interMost Asian currencies fell on Monday, while the dollar regained momentum as investors were cautious ahead of a series of signals on interest rates and inflation in the US this weekend.
Anticipation of some regional economic signals - particularly data on Japanese inflation and China's purchasing managers index - also has traders nervous, especially amid anxiety. Concerns are growing about slowing growth in the region's largest economies.
Japanese Yen fluctuates above 150, waiting for CPI data
The yen fluctuated slightly on Monday but remained just above 150 per dollar and remained near a three-month low.
This week focuses mainly on Japan's consumer price index (CPI) data for January, due on Tuesday. The data is expected to show core inflation is within the Bank of Japan's annual target of 2%, giving the central bank even less incentive to start tightening policy. books strongly.
This notion has put pressure on the yen in recent months, especially as US interest rates are likely to stay higher for longer. However, further declines in the yen were limited by the risk of government intervention, as levels above 150 have attracted intervention in the past.
PCE inflation, Fed signals are paying attention
The dollar index and dollar index futures both rose 0.1% in Asian trading on Monday, after posting their first weekly losses of 2024.
However, the greenback remains near a three-month high as many Federal Reserve officials warn that the bank is in no hurry to start cutting interest rates soon, especially as inflation remains subdued. High.
PCE price index data - the Fed's preferred inflation gauge - is expected to provide further inflation signals this week. Several other Fed officials are also expected to speak this week and may reiterate the outlook for higher interest rates for longer.
USD/JPY looks set to perk up heading into the weekendThe 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish trend structure on this timeframe, the bias is for a move back to the week's high with room for a run for 150.80.
USDJPY M15 / Potential Long Move, Waiting for Confirmation✅Hello Traders!
This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY is setting us a bullish setupUSD/JPY is showing signs of a bullish setup, with the formation of a symmetrical triangle pattern. There's a strong likelihood of a breakout soon. Traders are advised to keep a close eye on this pair as it may indicate a potential upward movement in the near future.
USDJPY (H4) Will fall to 148 or increase to 152 ?OANDA:USDJPY USDJPY (H4) Will fall to 148 or increase to 152 ?
The USDJPY market on the H4 timeframe exhibits the following characteristics:
The ongoing contraction phase suggests a period of hesitation and gradual consolidation before significant fluctuations occur.
The peaks depict a pattern of lower-high prices, indicating a potential weakening of buying power.
Simultaneously, the lower end establishes a loosely defined price support region, with cand
lesticks extending below the support area.
Consequently, there is a likelihood that this pair might decline towards the price support zone at 148.6-148.8. However, given the absence of a clear directional break in the price pattern, there remains a possibility that the exchange rate could continue to rise towards the resistance area of 150-152.
It is advised to monitor the market closely. Despite the absence of significant news today with a strong impact on these currencies, unforeseen market movements can still pose risks to your account. Please adhere to trading principles and implement capital management strategies diligently.
USDJPY I Wait for pullback to key level and bullish continuationWelcome 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.
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USDJPY H1 / Short Trade Entry Alert! ✅💲Hello Traders!
This is my idea related to USDJPY H1. I see a double reaction from the FVG H1 and I expect a continuation of a bearish market until the price of 149.500 where we have the OB level.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY BUY | Day Trading AnalysisHello Traders, here is the full analysis.
The completed correction, recovery and formation of a pre-breakout set-up hint at the continuation of growth. GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
Support the idea with like and follow my profile TO SEE MORE.
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Patience is the If You Have Any Question, Feel Free To Ask 🤗
Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
USDJPY may continue to growUSDJPY appears poised for continued growth, supported by its pattern of forming higher highs and maintaining trendline support. With this momentum intact, market sentiment suggests an anticipation of further price appreciation. Traders may view this trend as an opportunity for potential upward movement in the USDJPY pair, aligning with bullish expectations.
USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.