🚨USDJPY will fall by Bearish Gartley Harmonic Pattern🚨USDJPY managed to form a Bearish Gartley Harmonic Pattern in the 🟡 Price Reversal Zone(PRZ) 🟡.
A confirmation sign of point D of the Bearish Gartley Harmonic Pattern can be a Bearish Engulfing Candlestick Pattern .
💡Also, we can see Regular Divergence(RD-) between two consecutive peaks.
🔔I expect USDJPY will FALL to the 🟢 support zone(139.00JPY-137.620JPY) 🟢.
🔅U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy, this is just my idea, and I will be glad to see your ideas in this post.
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Usdjpyshort
USDJPYRetesting. I expect NFP manipulation on 143.200 before it goes down.
Follow the arrow. Trade base on your decissions.
This signal are for reference only. As we can see price alreay price in against the DOllar Index.
Expect and retest or pump. Thats only on my View.
This is not a financial advice.
Follow for more
USDJPY Analysis - Short SetupAnticipating lower prices on UJ.
This is a retracement setup to go for lower prices. When prices gets to my entry area I will see how price forms on the lower timeframes for a better RR. If the formation of price structure lines up with my bias, I will enter.
Always wait for confirmation on lower timeframes.
R2F
Usd Jpy ShortBearish Analysis for USD/JPY in the 143.400 to 144.340 Range as a Short Zone
Introduction:
The USD/JPY currency pair has been trading within the range of 143.400 to 144.340, and there are several technical and fundamental factors pointing towards a potential bearish scenario. This analysis will explore the reasons behind the expected downward movement and the factors likely to influence the pair's performance in the short term.
Technical Resistance Zone:
The upper range of 144.340 has acted as a strong resistance level in the past. Multiple failed attempts to break above this level suggest that the market participants have encountered significant selling pressure. As traders view this zone as a barrier to further upside, a bearish sentiment could emerge, leading to increased selling interest and a potential reversal lower.
RSI and Overbought Conditions:
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. At current levels, the RSI may indicate that the USD/JPY pair is overbought. An overbought market suggests that the recent price gains may have occurred too quickly, and a corrective move to the downside could be imminent as traders take profits and exit long positions.
Risk-Aversion and Safe-Haven Demand:
The Japanese Yen is often considered a safe-haven currency in times of market uncertainty or risk-averse sentiment. Any negative news or events that trigger risk-off sentiment in the global markets may lead to an increase in demand for the Japanese Yen. As a result, the USD/JPY pair could experience selling pressure, driving the price lower.
Dovish Fed and Potential Rate Cut Expectations:
If the Federal Reserve signals a more dovish stance and hints at potential interest rate cuts, it could weaken the US Dollar against the Japanese Yen. Such expectations may arise if economic indicators in the US disappoint or if there are concerns about the sustainability of the economic recovery. Lower interest rates could reduce the attractiveness of the USD for investors, leading to a bearish trend in the USD/JPY pair.
Geopolitical Risks:
Uncertainty related to geopolitical events, trade tensions, or international conflicts could create volatile market conditions and lead to a risk-off sentiment. In such scenarios, investors may seek safety in the Japanese Yen, putting downward pressure on USD/JPY.
Conclusion:
Considering the technical resistance zone, overbought conditions indicated by the RSI, potential safe-haven demand for the Japanese Yen, dovish Fed expectations, and geopolitical risks, the USD/JPY currency pair is likely to face bearish pressure within the 143.400 to 144.340 range. Traders should carefully monitor market developments, employ proper risk management techniques, and be prepared to take advantage of potential short opportunities if the bearish scenario unfolds.
USDJPY: Today with PMIIn an effort to achieve a consistent inflation rate above 2%, Governor Kazuo Ueda of the Bank of Japan (BoJ) has introduced increased flexibility in the Yield Curve Control (YCC), while maintaining negative interest rates. This move is indicative of the central bank's intention to create a roadmap for transitioning away from its ultra-loose monetary policy.
Simultaneously, there has been a positive shift in market sentiment as evidenced by the recovery of losses in London and subsequent upward turn in the S&P500. This indicates a significant improvement in risk appetite among investors, leading to heightened demand for technology stocks and overall bullish sentiment towards US equities on Friday.
USDJPY I Daily forecast and execution planWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
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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 Short. Is the dollar done here? And is Japan ascending?I have to give credit to Julian Brigden for this outline. So please look up his recent Blockworks interview on youtube.
I am happy to further develop on his observation by pointing out that what he observed as a "crash pattern" is in fact a diamond reversal pattern.
I enclose a comparison to what I consider the "classic" manifestation of a diamond reversal which is the Nasdaq100 index during the 2001 recession.
We also had recent significant-scale diamond reversals on the SPX in 2021 and on Bitcoin if you would like further references.
There is a significant RSI divergence that has been in place since 2022 on the weekly chart.
I think that this means that a dollar pullback is imminent and a surprise strengthening on JPY due to them getting close to breaking out of their deflationary depression.
This could also coincide with the return of inflation that I have been expecting.
I am shorting this outline and I intend to expand my position if the pattern is not violated. I will be more aggressive as the outline develops.
For further information on how I discovered this you can google-up Julian Brigden's interview on Blockworks.
Happy hunting!
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisThe Japanese economic docket reveals that consumer price index (CPI) inflation remained stubbornly high through June, despite government measures to curb prices. This has raised the possibility of the Bank of Japan (BOJ) tightening monetary policy. However, BOJ policymakers are cautious and prefer to analyze more data to ensure sustained growth in wages and inflation before making any changes to the yield control policy. Reports indicate that there is no consensus within the central bank, making the decision a close call. Nevertheless, recent reports suggest that the BOJ may lean towards maintaining its yield curve control (YCC) strategy in the upcoming policy meeting.
With Japanese inflation staying above the BOJ's target, there have been speculations about the central bank potentially abandoning its yield curve control program, a move that could strengthen the yen.
On the other side, the US dollar has made a sharp recovery from 15-month lows ahead of a Federal Reserve meeting, leading traders to seek safe-haven assets. The market remains uncertain about whether the Fed will signal a pause in its rate hike cycle despite the expectation of a 25 basis points interest rate hike.
As we shift our focus to the upcoming week, all eyes are on high-impact economic features from both the US and Japanese economies that could significantly impact the USDJPY market.
USDJPY Technical Analysis:
In this video, we conduct an in-depth technical analysis of the USDJPY chart, carefully examining the current market structure. Our primary focus is on the key level of 142.000, which will serve as our center of focus ahead of the upcoming week. As price action remains within this zone, it becomes an area of interest that could lead to choppy consolidation before a clear direction emerges. The market's reaction around the 142.000 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 and key levels. 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. Get ready for an exhilarating experience filled with valuable insights and exciting trading opportunities!
Disclaimer:
Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy.
It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment.
I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it.
Please note that past performance is not necessarily indicative of future results.
Bearish Outlook on USDJPY - 28 JulyPrice has been adhering to the observed descending trendline on the H4 timeframe. A pullback to the key resistance zone at 141.20, which coincides with the 78.6% fibonacci retracement, could provide the bearish acceleration towards the next support zone at 138.20, which is in line with the 127.2% fibonacci extension. Price is hovering below ichimoku cloud and 20EMA, supporting our bearish bias.
USDJPY Sell TF H1 TP = 140.36On the hourly chart the trend started on July 21(linear regression channel).
There is a high probability of profit taking. Possible take profit level is 140.36
But we should not forget about SL = 141.99.
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading