USDJPY - Short active ✅Hello traders!
‼️ This is my perspective on USDJPY.
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block + institutional big figure 135.000.
‼️Attention!!! Due to the fact that we have news events on USD tomorrow, the analysis can be invalidated.
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Usdjpylong
USDJPY: Bull Run AgainAfter a huge bull run, we expect the price to mitigate both buyers and sellers to generate liquidity for the next move.
I personally believe we will see a final sweep of sellers around my sell zone of interest before selling off aggressively to the downside to take out the remaining buyers.
Once this move is complete, or something similar has occurred.
I will then look to buy in and continue with the bulls.
You can play between the zones if you like but ideally getting the long-term buy is better.
USDJPY M30: Bullish outlook seen, further upside above 133.20Prices have broken above a key resistance-turned support zone at 133.20 on the M30 timeframe, in line with the 23.6% FIbonacci retracement. A throwback to this zone could present an opportunity to ride the bounce to the resistance zone at 135.00, which coincides with the 161.8% Fibonacci extension and 61.8% Fibonacci retracement. Price is holding above the 20 EMA, while MACD is showing bullish momentum, supporting our bullish bias.
USDJPY SellUSD/JPY is down some 1.3% on the day and has fallen from a high of 135.05 to a low of 132.28 ahead of what will be critical data in the US Consumer Price Index on Tuesday. The US Dollar was pressured at the start of the week and in a continuation to the fallout from the Nonfarm Payrolls.
While the Nonfarm Payrolls showed robust jobs growth, the rise in the Unemployment Rate and signs of cooling wage inflation sent the greenback lower as investors started to trim bets that the Federal Reserve will raise interest rates as sharply. The United States added 311,000 payrolls in February and the unemployment rate rose to 3.6%. However, a survey of economists polled by Reuters expected the United States to have added 205,000 jobs last month and the unemployment rate to hold steady at 3.4%. Average hourly earnings rose 0.2% last month after gaining 0.3% in January, below expectations of 0.3%.
USDJPY h1 price is in a downtrend. After a correction at the end of yesterday, the price is now showing signs of continuing to go down. With this pair traders can sell to current price 133.18, SL: 133.90, TP: 132.00
usdjpy elliott wave analysis updateusdjpy elliott wave analysis update 13/03/2023
Then activate all sales operations on a pair and then achieve a profit of 760 points
Now, the price will often change its direction because all the rise was just a correction. Let us prepare for upcoming selling operations after the correction. The pair is currently descending with an impulse wave that we can call it wave 1 or A.
USDJPY (Week Buy)From the previous week, USD/JPY did sell as expected due to the top resistance zone within my screen shot. Also the USD red folder news on March 10th (Unemployment Rate) made it to sell tremendously to the support zone and exceeded my expectations. This week, im expecting a buy since we have CPI and PPI reports coming out, causing the USD to be stronger and be in a uptrend to the top resistance zone. Just my opinion, thoughts? have a good week everyone.
I left a link to the previous week.
The USD/JPY currency pair is expected to continue its upward..The USD/JPY currency pair is expected to continue its upward trend above 137.00 as the Bank of Japan maintains an ultra-loose monetary policy.
The USD/JPY currency pair is currently experiencing reduced volatility around 136.65, following a period of heightened volatility due to the Bank of Japan's (BoJ) decision to maintain an ultra-easy monetary policy. BoJ Governor Haruhiko Kuroda has implemented this policy in response to the lack of inflationary pressure caused by stagnant domestic demand and wages in the Japanese economy.
USDJPY showing strong upside from the big break of structure upCup and Handle formed on USDJPY after the major downtrend broke up.
The Price has now officially entered into a bull market where we can expect upside to continue.
7>21
Price<200- test
RSI>50
Target 143.40
This coincides with the US dollar strengthening brining down many other currencies.
USDJPY HITS TP 509 PIPSUSDJPY has come to hit my TP, though I'm still expecting some upward movement. I shared an analysis on 22/02/23 concerning DXY gaining strength, which will affect dollar base pairs. I reviewed two pairs which I opened: USDJPY and EURUSD . my EURUSD trade is still open, though I have realized first TP and also added a little position which currently on profit. I will drop how I got into the trade when TP is achieved.
USD/JPY: Bullish trend to continue
Keep an eye on US Treasury yields, as the two-year US bond yield rose to 5.085%, the highest in Asia, and currently stands at 5.062%; the Nikkei index closed up 0.5% at 28444.19 points.
The USD/JPY rose to 137.90 and then retreated, but still remains bullish;
The USD/JPY rose from the morning low of 137.10 in Asia to the highest of 137.90, and then softened slightly, but still leans towards an upward trend;
Stop loss is set above the strike price of 138.00 for large options, some of which will expire tomorrow. The USD/JPY is expected to test 138.00 and the high point of December 15th;
Given yesterday's big rise, some pullback is not surprising. However, Japanese importers and other participants are waiting for the pullback to buy back in. It is also recommended to wait for a correction after the pullback to continue buying, with a buying point of 136.40.
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USDJPY - Still bearish ✅Hello traders!
‼️ This is my perspective on USDJPY.
Here I still expect bearish price action as price formed huge H4 divergence which indicates bearish move, as well price could reject from bearish order block + institutional big figure 137.000.
‼️Attention!!! Due to the fact that we have news events on USD on Wednesday, Friday and JPY on Friday, the analysis can be invalidated.
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USDJPY | Perspective for the new week | follow-up detailsDespite negative GDP data last week (negative variance of 1.71), the dollar closed its fourth consecutive week in positive territory, trading 1.80% higher to culminate at the 136.500 zone. The economic data released so far this year has painted a stronger picture of the U.S. economy. It is also worth noting that the incoming BoJ governor Kazuo Ueda indicated that the central bank will largely maintain its ultra-accommodative policy in the near term hereby indicating a weak economy and considering the significant breakout of the 135.000 zone (the first time this year); the Greenback may continue to remain in demand. This video illustrates a detailed technical perspective of what to look for in the coming week as trading opportunities is strongly leaning towards bullish expectation from a long-term perspective.
00:50 Reference to last week's daily commentaries and results
03:49 USDJPY analysis on Daily Timeframe
06:05 Macroeconomic event for the week
08:30 USDJPY analysis on the 4H Timeframe
10:30 Conclusion on next week's projections
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