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Usdjpyshort

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.
by VNSmartMoney
2
USD JPY Sell Zone The USD/JPY pair falls slightly below the psychological support of 150.00 in the early New York session on Tuesday. The asset has faced selling pressure as the US Dollar Index (DXY) has extended its downside to 104.00. USD/JPY oscillates in a Symmetrical Triangle formation on an hourly time frame. The upward USD/JPY: Japanese Yen ticks higher against USD, bulls seem non-committed ahead of FOMC meeting minutes The Japanese Yen (JPY) ticks higher against its American counterpart during the Asian session on Wednesday, though remains confined in a familiar range held over the past week or so. Geopolitical risks continue to weigh on investors' sentiment, which, along with speculations that Japanese authorities will intervene to stem any further weakness in the domestic currency, lend some support to the safe-haven JPY. Apart from this, the recent US Dollar (USD) pullback from a multi-month peak further contributes to capping the upside for the USD/JPY pair. Confirm Chart sell
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by JohnHarry_7
USD/JPY carving out an M-Top candle pattern - SHORT from 149.82USD/JPY has hit resistance at 150.38 and is retreating south. There's a clear M-Top candle pattern forming.This along with W-Bottom's are 2 of the most relaible candlestick patterns you should look for. If the price declines to 149.82 then this will be our entry SHORT. STOP is above the recent highs and take profit is the 200 EMA on H1 at 149.40 though as ever these STOPS and TP's are guidelines as all my trades are actively managed so these levels will frequently change. Note that we have potentially significant USD news at 13:30 GNP in less than an hour. US news this week has so far seen some large moves with many numbers missing by several percent. News at 13:00 is PPI which is usually a huge market mover but any large deviation from the expected 1% estimate will no doubt shift the USD. We also have Prelim UoM Consumer Sentiment which isn't usually a huge mover but we must also rmember its Friday and in 3 hours or so traders will be leaving their desks so volumes will shrink and this can either lead to wild swings or sideways movement of price.
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by forextraplaces
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. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
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by GoodTradeST
2
USDJPY SHORT OPPORTUNITYMarket Structure is KING! Hey, if you like this idea be sure to support with a like and a follow. Here is my analysis for USDJPY for the upcoming week. JPY News this upcoming week. I'm looking to short. What are your thoughts? Leave it in the comments below! Blue Signal FX Rules-Based Trading 1. CHECK THE NEWS! 2. WHAT IS THE OVERALL TREND? Market structure will give you direction. 3. IS PRICE AT A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 4. IS PRICE APPROACHING A LEVEL OF SUPPLY OR DEMAND (SUPPORT OR RESISTANCE)? 5. ARE YOU TRADING WITH THE TREND OR AGAINST THE TREND (MAKE SURE YOU ONLY TRADE AGAINST THE TREND ON THE 4HR TIME-FRAME AND ABOVE. 6. CHECK FOR DIVERGENCE.
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by bluesignalfx
2
USD JPY Sell The USD/JPY pair resumes its upward journey after a mild correction to near 150.40 in the European session on Wednesday. The asset rebounds as dismal market sentiment has improved the appeal of the US Dollar. USD/JPY is seeing a fresh selling wave, closing in on 150.00 in the Asian session on Thursday. The pair is tracking the US Treasury bond yields lower, shrugging off the weak Japanese Q4 GDP report. A cautious risk tone is also boding well for the safe-haven Yen. US data flow awaited. How could USDJPY move this year? Our experts make a USDJPY update forecasting the possible moves of the yen-dollar pair during the whole
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by JohnHarry_7
1
USDJPY Day Analysis | Sell SetupHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL 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💰
Short
by TheGrove
1
USDJPY I Potential pullback and more growth Welcome 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!
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by BKTradingAcademy
USDJPY: The yen is at a 10-week low as the dollar rose for a fouThe Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27. Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday suggested the central bank is unwilling to raise interest rates quickly even after potentially ending its negative interest rate policy, which some Market participants predict it could happen as soon as next month. Despite careful monitoring of foreign exchange movements by Japanese Finance Minister Shunichi Suzuki, who reiterated that monetary policy decisions belong to the central bank, the yen did not show a significant reaction. The dollar index, a gauge against six major currencies, remained steady at 104.15. It rose 0.1% on Thursday after data showed resilience in the US labor market, dampening expectations of an imminent interest rate cut by the Federal Reserve. For the week, the dollar index was up 0.18%, boosted by strong monthly payrolls data last Friday and hawkish comments from Fed Chairman Jerome Powell in a "60" interview. minutes" aired on Sunday. Upcoming US economic data includes the Consumer Price Index (CPI) inflation report for January, which will be released on Tuesday. Traders have significantly reduced the odds of a rate cut at the Fed's March policy meeting to just 16.5%, down sharply from 65.9% a month ago, according to CME Group's FedWatch Tool .
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by Chart_MasterPro
Bullish or bearish signs build in USD/JPY? Bullish or bearish signs build in USD/JPY? The USD/JPY surpassed a crucial resistance level at 148.650 on Thursday and hit its highest value since November 2023. The obvious next step is of course to explore the 150.00 threshold. However, any incremental advance beyond this point should be eyed with caution and uncertainty. The Yen faced is facing pressure due to dovish remarks from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida, where he emphasized a gradual approach to policy tightening. On the other side of the trade, unexpected selling pressure might find defence around 148.300. Further downturns below this technical support may bring attention to 147.800, followed by 146.00. Notably, economists at ANZ Bank anticipate a near-term recovery for the JPY against the USD, projecting the USD/JPY to trade within the range of 146 to 148.50. A substantial decline to 136.00 is then envisaged by the end of 2024.
by BlackBull_Markets
Sell USDJPY Bearish Channel The USD/JPY pair on the M30 timeframe displays a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 148.03, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 147.37 and 147.03, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 148.40. This helps limit potential losses if the trend breaks unexpectedly.
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by KABHI_TA_TRADING
9
Yemi_Fx1 | Short Opportunity on USDJPY After three weeks of consolidation, USDJPY finally erupted, driven by the NFP release. This impulsive move respects the 90% rule. However, the recent price action has formed a double top pattern, suggesting a potential reversal to the downside. Based on the technical setup and potential reversal, I am biased towards a short position on USDJPY. I'm anticipating for continuation pattern for the move of price to the nearest support level at price 146.539 If you found this helpful please support your fellow trader with a like.
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by Yemi_Fx1
USDJPY SHORT| SETUP → Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! Discernible indicators suggest a waning momentum within a descending price channel. GOOD LUCK! Great SELL 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💰
Short
by TheGrove
1
USDJPY: Fed Chairman Powell: An interest rate cut in March is unFed Chairman Powell participated withinside the American tv program "60 Minutes": With the economic system strong, we sense the want to take into account the timing of hobby price cuts carefully Confidence is rising, however we need to be even greater assured as we take the `very critical step' of beginning to reduce hobby rates Achieving desirable development on inflation An early selection can be made if exertions marketplace weak spot is mentioned or there's convincing proof that inflation is surely falling. An hobby price reduce in March is not going Inflation expectancies will hold to say no withinside the first 6 months of this yr because of essential impacts Expect the 12-month inflation index to say no this yr Most 19 policymakers see hobby price cuts this yr as appropriate We do now no longer convey politics into our selection making There isn't anyt any excessive opportunity of recession Do now no longer take into account business actual property loans because the purpose of the disaster as withinside the past China issues are not going to have an effect on the United States economic system, there'll likely be a few impacts, however they may now no longer be large Geopolitical danger is taken into consideration the largest short-time period danger, however for different areas of the arena it's miles even more than the United States
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by Chart_MasterPro