USD/JPY SELL STOP @142.143Hi Traders apologies been quit busy previous week. we back on business as usually. Analysis taken from D1 scale down to H1 and 5minutes for entry Confirmation.
Certified price action king
Usdjpyshort
Usdjpy upUSD/JPY: To test 150.50 in short term – UOB GroupSharp drop in USD has scope to extend. Any decline is likely part of a lower trading range of 150.50/155.00, UOB Group FX analysts Quek Ser Leang and Lee Sue Ann note.
Bears to break below 150.50
24-HOUR VIEW: “Our view for USD to trade in a range was incorrect. USD traded in a volatile manner, rising to 155.21 before plunging to a low of 152.64. The sharp drop from the high has scope to extend, but given that conditions are approaching oversold levels, it is yet to be determined if any further decline can reach the major support at 151.30 (there is another support level at 151.90). Resistance levels are at 153.20 and 153.80.”
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.
USDJPY analysisUSDJPY broke the pattern as you can see the price now is at a support zone which there is volume increase and it might reach the target i highlighted this is not a financial advice you make your own choice
USDJPY Up zoneUSD/JPY is extending recovery above 155.00 in the European session on Tuesday. The pair stretches higher, as the US Dollar capitalizes on a cautious mood while Japanese Yen traders adjust their positions ahead of Wednesday's BoJ policy decision. The USD/JPY pair trades back and forth in a tight range above the crucial support of 156.00 on Monday’s European session. The asset shifts to the sidelines with investors focusing on the interest rate announcements by the Bank of Japan (BoJ) and the Federal Reserve (Fed), which are scheduled for Wednesday.
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.
AUDJPY IndecisionThis price has been having a bearish momentum and for the last day, there was a doji candle, which indicates an indecision.
I anticipate that the momentum will continue, provided that the candlestick that follows next does not close above the doji candle.
An analysis using a smaller timeframe will follow.
Will the Yen Surge? When the FED and BOJ Diverge?With the potential of the Federal Reserve lower rates and the possibility that the BOJ will increase interest rates, this could be a great trade. The BOJ has kept interest rates in the negatives for quite some time and after years and years, inflation was able to manifest itself and push the BOJ to be one of the last Central Banks of the G7 nations to increase rates. I am thinking with a divergence between the FED and BOJ, price could move lower to the 130 lvl. If the 150 lvl is breached and price is able to hold above it for a significant time (after the BOJ and FED meetings in a few days) , then traders and investors will likely push price above the 152 lvl. The BOJ may attempt to conduct Forex operations, but with the amount it has done so far, it would likely have minimal effects and will likely be forced to raise rates and/or adjust its YCC further. Either way, I think the over trend is going to be to the downside.
Do your own due diligence when placing a trade trade. Manage your risk. You could lose more than you put in. Y'all have some great trading out there.
USDJPY → Trade Analysis | SELL SetupThe price has fallen under the dynamic support, which now acts as resistance.
We expect the decline to continue after testing the lower boundary of the channel.
Hello 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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
1-Hour Chart Analysis USDJPYVISIT FOURTRADES WEBSITE FOR MORE INSIGHT
The 1-hour chart reveals more granular details of the recent price action. The pair has formed a bearish engulfing candlestick pattern at the resistance zone around 157.00, which is a strong bearish signal. This pattern indicates a potential reversal to the downside. Furthermore, the pair is approaching a support level around 155.50, which could provide a short-term bounce. However, if this level is breached, the next target would be the 154.00 support level.
Daily Chart Analysis
The USD/JPY pair has been trading within an ascending channel for the past few months. Recently, the pair... Visit fourtrades website Link in the bio
4-Hour Chart Analysis
On the 4-hour chart, the USD/JPY pair has shown a clear break below a previous low, which adds to the bearish outlook seen on the daily chart. The price action is ... Visit fourtrades website for more insights Link in the bio
USDJPY Medium cycle the USDJPY is in a bearish channel.
its touched the channel line and it can fall more.
i think its will touch 155.78-155.434 price.
but DXY didn't confirm that.
because the DXY trend is vague.
but i think the bearish scenarios is stronger.
anyway trade is risky now i suggest wait for tiger .
Its just my personal comment please don't trade whit this.
I have no responsibility for your money.
USDJPY I Yen jumps on suspected intervention - more downsideWelcome 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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Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
What is Happening to USD/JPY?Down -2.7% month to date, July has erased June’s upside move (+2.3%) and is on track to potentially form a monthly outside reversal candle from resistance at ¥160.20, a level drawn from as far back as the 1990s. The selling is likely due to increased expectations of a Fed rate cut in September and an unwind in carry trades.
Monthly Chart Demonstrating Scope to Explore Lower
Technically speaking, support calls for attention on the monthly chart at approximately ¥154.60, a channel resistance-turned-potential support line drawn from the high of ¥125.85. A break beyond here would pave the way for monthly support at ¥150.80. Adding to the bearish picture on the monthly timeframe is the Relative Strength Index (RSI), which is chalking up early negative divergence out of overbought territory.
The monthly chart, therefore, signals further selling could be on the table for the currency pair.
Daily Support Engulfed
Meanwhile, on the daily timeframe, today’s push south (down -1.1% as of writing) absorbed bids from support at ¥157.81, as well as trendline support extended from the low of ¥140.25, and the 50-day simple moving average (SMA) at ¥157.93. However, before sellers can venture towards daily support coming in at ¥153.78, the possibility of dynamic support exists nearby in the form of the lower Bollinger Band at ¥155.72, set to three standard deviations (default usually set to two standard deviations).
H1 Resistance Deserves Attention
Shorter-term flow on the H1 timeframe reveals price action came within a whisker of greeting the ¥156.00 handle mid-way through London before moderately recoiling higher. With the US cash open now upon us, resistance between ¥157.39 and the ¥157.00 big figure might be watched for possible bearish scenarios (note that the area also houses two 38.2% Fibonacci retracement ratios).
So, although the longer-term trend is to the upside, a bearish play could be in the offing. With the monthly chart showing room to press south until ¥154.60, and daily flow yet to bump heads with the lower Bollinger Band, the H1 resistance between ¥157.39 and ¥157.00 may be a location that sellers welcome, targeting ¥156.00 and possibly beyond.
USDJPYPair : USDJPY ( U.S Dollar / Japanese Yen )
Description :
Completed " 12345 " Impulsive Waves and " ABC " Corrective Waves
Break of Structure
Fibonacci Level - 61.80%
Bullish Channel as an Corrective Pattern in Short Time Frame
RSI - Divergence
USDJPY Bullish Bias!USD-JPY is trading in a
Rising channel the
Pair has retsted a
Support cluster of the
Rising and horizontal
Support lines and we
Are already seeing a
Bullish reaction so a
Further move up
Is to be expected
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USDJPY → Huge Fall from 162.000! Heading for 155.000?USD/JPY trickled it's way just shy of 162.000 where it formed a double top reversal pattern on the Daily chart and fell hard to 157.500. Should we still be long? Or is it time to get short?
How do we trade this? 🤔
As mentioned in my previous analysis from May 7th after the massive sell-off from 160.200 back down to 152.000, we should be looking for confirmation of a short before entering one. We now have a nice sell signal, the double top reversal, right after three strong pushes up in a trend. USD/JPY has been in a bull run since 2021 on the higher timeframes such as the weekly and monthly, getting short needs to be taken with extreme caution and careful planning.
It is reasonable to expect the USD/JPY price to retest the 160.000 area after such a fall. The bears are going to be skittish in a bull market, the bulls are going to try and long again to get that 50% pullback to the high side. But once the price goes 200 pips to the upside after the 400 pip drop, will we see another sell-off? Or a run back to 162.000 and beyond?
That's what we need to wait for, the confirmation sell candle closing on or near it's low to confirm more downside movement. It is reasonable to short this, but I would do it on the 4HR timeframe and wait for a long entry on the Daily timeframe. We should expect some support at 155.000, this trade waits for that second leg in the pullback from 162.000 to hit 155.000, give us a strong bull signal and confirmation candle to confirm a long entry around 156.000. Place the stop loss below 155.000 at 154.050, take profit #1 at 157.950 then move stop loss up to entry price, take profit #2 at 159.900, just before the key resistance of 160.000 which is also a psychological resistance.
💡 Trade Idea 💡
Long Entry: 156.000
🟥 Stop Loss: 154.050
✅ Take Profit #1: 157.950
✅ Take Profit #2: 159.900
⚖️ Risk/Reward Ratio: 1:2
🔑 Key Takeaways 🔑
1. Three pushes up after the 152.000 support confirmation to the key level of 162.000
2. Double top reversal at 162.000 followed by a 400 pip drop; sell signal
3. Look for 50% pullback toward 160.000 and a rejection at that key level to manifest the second leg down to the 155.000 area.
4. Enter a 1:2 Risk/Reward long trade up to 159.900.
5. RSI near 41.00 and far below the Moving Average, supports pullback to the upside before another fall.
💰 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 and start looking for reversals.
⚠️ 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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USD JPY Options Not a great pair to trade because the dollar is weak and the JPY is weak, plus there is danger of jpy intervention if the pair goes above 160.00. But if i was to take an entry if there was nothing else I would only look for shorts if the was a break below the daily support at 157.371 which just happens to be the 61.8% fib level
This pair is defiantly last on the list of things i would be looking to trade next week
USDJPY! PPI not as friendly The Dow Industrial Average average can't close at a record but closes just above 40,000
The 2-10 year yield rises to -27.3 basis points. A close here will be highest since Jan 29
Crude oil futures settle at $82.21
Stock earnings for the quarter were kicked off. What's on tap for next week?
What happens after the first rate cut. Recession? Stocks move lower?
A number of currency pairs stretched to key target levels including the NZDUSD. What next?
Keep an eye on China's Third Plenum meeting next week
Japan's Kanda: Won't say whether intervention was conducted or not
House Democratic leader Jeffries met with Biden yesterday. The read-out isn't glowing
UMich July consumer sentiment 66.0 vs 68.5 expected
Kickstart the FX trading day for July 12 w/a technical look at the EURUSD, USDJPY & GBPUSD
USDJPY → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone
USDJPY moving higher as it tests the strong resistance level..
We expect a bearish move from the confluence zone.
Hello 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.
-------------------
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Japanese Yen dropped to its lowest level in nearly 4 decadesAll data supports LONG usdjpy
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According to Nikkei, till now, Japanese institutional traders have now no longer poured capital into overseas markets on any such big scale. Banks offered simplest a internet 220.7 billion yen of overseas property withinside the first 1/2 of of this 12 months. Meanwhile, pension price range bought a internet of 9.forty three trillion yen withinside the identical period.
The using pressure using the float of cash into foreign places property is the organization of retail traders who're changing their financial savings into investments to deal with inflation. Core CPI in Japan has always multiplied extra than 2% every month given that fall 2022. May CPI multiplied 2.1%, better than the BOJ`s goal of 2%.
Currently, only a few monetary merchandise in Japan generate returns better than 2%. One-12 months deposits of as a minimum three million yen had hobby costs of simply beneathneath 0.1% in June. Japanese authorities bonds bought to retail traders had hobby costs of much less than 1% this month. The predicted dividend yield of Japanese shares in keeping with the Nikkei Stock Average is simplest 1.75%, nevertheless decrease than inflation.
“Investment cash has a tendency to float to Western nations and elsewhere, in which monetary and company boom expectancies are high,” stated Soichiro Tateishi, an economist on the Japan Research Institute.
When Japanese traders purchase shares or bonds denominated in USD via mutual price range with out a foreign money hedging strategy, they'll ought to promote yen to shop for USD. Accordingly, multiplied funding sports via NISA positioned even extra strain at the yen. Investors chickening out capital will assist the yen appreciate. However, NISA is a software primarily based totally on lengthy-time period investments, so the yen will now no longer be capable of get hold of momentum from here.
Meanwhile, Japan's change deficit has lengthy been taken into consideration a structural issue inflicting the yen to fall. As an electricity importer, Japan has visible a change deficit for the reason that 2011 earthquake and tsunami, which pressured the u . s . to import extra electricity because of the closure of nuclear strength plants.
From January to May 2024, Japan's change deficit stood at three.forty five trillion yen. This discern will boom to three.eighty three trillion yen while facts via mid-June are included.
Some professionals have warned approximately the capital flight of retail traders. Meanwhile, the yen is buying and selling at a hundred and sixty for 1 USD, whilst at the start of the 12 months it became 140. One manner to show the scenario round is to boom the splendor of the Japanese inventory marketplace and different monetary merchandise.
According to Shingo Ide, leader monetary engineer at NLI Research Institute, Japanese businesses “are beginning to make efforts to enhance profitability and capital efficiency.”
However, Nikkei stated, any essential exalternate to the contemporary fashion will take a protracted time.
USDJPY on 4-hr Timeframe (downtrend channel) (short for now)I have plotted out the key levels for resistance and support.
Nearest Resistance: 160.82-160.87
Nearest Support: 160.26-160.30
Resistance Turned Support: 159.83-159.91
Major Support: 157.70-157.98
Scenario 1
========
If Bullish Candlestick formed above 161.20 (Bull Flag Breakout), a continuation of Higher High will be around 162.70.
Scenario 2
========
If Bearish Candlestick Formed below 160.26, price will continue to correct to 159.83-159.91.
Scenario 3
========
Major Correction towards to 157.70-157.98 (probably takes 2-3 weeks to reach there).
USDJPY Bearish Setup for Week 30 Jun 2024Based on USDJPY 4 hour chart
an ascending triangle and measured move is completed
a recent bull bar and possible measured move is in place
Looking to short near 161.50 for TP 160.0
Bearish USDJPY for week 2024-07-061st July has a breakout of UT, confirming a BOS, and attempt for top trend channel.
2nd July has EQH, signals a buy-side liquidity.
3rd July a BOS with UTAD confirms a short signal, with the next bar heading towards sell-side liquidity and attempts to break down to the bottom of trend channel!
4th July a confirmation of bottom trend channel break, leaving trails of bearish candlestick patterns
With the bearish outlook from last week, a possible bearish setup maybe around 161.15 zone with TP at 160.
