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Usdjpysignal

#USDJPY: Still Bullish, Next Target 163.00| SetupsFX_ |Dear Traders, Hope you are doing great, right here we have an excellent opportunity of buying USDJPY, JPY plummeted few days ago as BOJ kept the interest rate as the same and decided not to change. Leading a heavy sell off on YEN. However, price did make strong correction right after the sell off, though we think it was temporary correction. Right now price is at perfect buying area from which it can rebound strongly. Like and Comment if you like or agree with our idea! :)
Long
by Setupsfx_
usdjpy chartUSD/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. USD/JPY rebounds after the heavy sell-off on Monday. US Dollar traders are buying the dip after possible intervention by the authorities pulled USD/JPY down. The interest rate differential between Japan and the US is likely to maintain a bullish pressure on the pair
Short
by Mark804
USDJPY LOOKING FOR 160 ZONEHELLO FIRENDS As we can see USDJPY holding the bullish trend strongly and looking for these design levels if they will not break our Stop loss zone, we are expecting these move incoming days or weeks on weekly based chart there is a clear view that why we are looking for more higher high and let the chart makes a double top on these levels let's see what market bring ahead FOMC meeting and Interest rates coming out Stay Tuned with us it's a trade idea share your thoughts with us it help many traders
Long
by APEX_TRADING_ACADMEY
USDJPY Cup & Handle Pattern Indicates Bullish Breakout PotentialInstrument: USD/JPY Pattern Formation: Cup and Handle Current Situation: Near Key Resistance Level Analysis: The USD/JPY currency pair has been exhibiting a compelling technical setup, characterized by the formation of a Cup and Handle pattern near a crucial resistance level. This pattern suggests a potential bullish continuation in the prevailing uptrend. The Cup and Handle pattern typically signifies a period of consolidation followed by a breakout to the upside. As such, we anticipate a bullish breakout in the near term, indicating favorable trading opportunities for market participants. Trade Recommendation: - Entry Point: Initiate long positions upon a re-test of the price near 151.900, ideally confirming the bullish momentum. - Stop Loss: Place a stop-loss order at 150.180 to mitigate potential downside risk and preserve capital in the event of adverse price movements. - Take Profit Targets: - TP-1: Set the first take-profit target at 153.650, reflecting a conservative projection of the upward price movement. - TP-2: Aim for a secondary take-profit level at 155.400 to capitalize on extended bullish momentum, considering the potential for further upside. Risk Management: It is crucial to adhere to proper risk management practices, including position sizing and stop-loss placement, to safeguard against unexpected market fluctuations. Traders should also remain vigilant and adjust their positions accordingly based on evolving market conditions. Conclusion: In summary, the technical analysis suggests a bullish outlook for the USD/JPY currency pair, with the formation of a Cup and Handle pattern near a key resistance level. Traders may consider implementing long positions, with defined entry, stop-loss, and take-profit levels, to capitalize on the anticipated upward breakout. Note: This analysis is based solely on technical factors and does not account for fundamental or external market influences. Traders should conduct their own research and exercise discretion before entering any trades.
Long
by trading_jupiter
1
USDJPY → Trade 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
9
usdjpy signalUSD/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. The Japanese Yen remains depressed near a multi-decade low amid the BoJ’s dovish outlook. Reduced Fed rate cut bets lift the USD to a fresh YTD top and further lend support to USD/JPY. Intervention fears and a softer risk tone could help limit deeper losses for the safe-haven JPY. From a technical perspective, the recent breakout through a short-term trading range hurdle near the 152.00 round figure and the subsequent move up was seen as a fresh trigger for bullish traders. That said, the Relative Strength Index (RSI) on the daily chart is flashing overbought conditions, making it prudent to wait for some near-term consolidation or a modest pullback before positioning for any further gains. Meanwhile, any meaningful corrective slide below the 154.00 mark is likely to attract fresh buyers and remain limited near the 153.40-153.35 region.
Short
by Mark804
UsdJpy is pressing and pressing and pressing. 155 next?Since March 20th, when FX:USDJPY once again reached the 151.50 zone, marking a decades-high for this pair, the price has been fluctuating within an extremely tight range. However, upon closer observation of the price action, it becomes evident that USDJPY is pressing against this resistance level, with dips being consistently bought. Even during Friday's NFP release, when USD was being sold, USDJPY experienced a quick reversal. These signs indicate a potential upward breakout, with 155 being the next target in such a scenario. I maintain a bullish outlook on this pair as long as the price remains above 150, and in my opinion, buying dips is the preferred strategy.
Long
by Mihai_Iacob
1
SHORT USD/JPY from 153.91Since the open last night USD/JPY has pushed stronlgy higher, so much so that the price has already reached the WR1 weekly pivot. Its a never ending mystery to me why everyone doesn't use weekly pivots as they are lines of interest on the charts known at the start of the week and when price reaches weekly support (WS1) or weekly resistance (WR1) there's a high chance buerrs ar sellers will be lying in wait. Usually price hits these pivot levels during the week and its unusual to see the price reached before lunch on Monday (if you're in the UK). Its not a hard and fast rule that price will always reverse when it hits WR1 or WS1 (we'd all be millionaires if it did) so we need other confirming signs that the price may reverse. ON this pair: a). we have a pinbar followed by 3 dogi indecision candles on H1. b). RSI has been over 70 for the last 6 hours and is beginnign to decline. c). The fast MA on MACD is weakenig and heading south (we haven't crossed the slow MA so its not certain we are heaed lower d). The R/R is massive as we can get a STOP on this trade just above the WR1 pivot at 154.05 (14 pips). e) Target could be anything and will depend on what happens in 40 minutes when get Core Retail Sales, Retail Sales and Empire State numbers but initial target is the 200 EMA on H1 at 152.42 (+149 pips) e). The green BUY line of the Andean Oscillator has crossed south over the signal line and the red SELL line has risen from zero. f). The entire structure is an M-Top on the 15m time frame. With luck I can get this trade at b/e before the news at 13:30. If the news comes out in green numbers then this trade is doomed but if the print misses then we should see USD/JP decline by 100 pips at least over the next 24 hours.
Short
by forextraplaces
USDJPY → At 152.000 Resistance! Will it break to 160.000?USD/JPY has been bullish since January 2021 and is currently in an ascending triangle pattern, indicating a potential push through the 152.000 resistance level. Is this the moment to long? How do we trade this? 🤔 We need to wait for a confirmed breakout of 152.000. The probability of a breakout is high, but we need the confirmation of support at 152.000 to justify a long entry. Once we see a strong bull candle off of support, a 1:2 Risk/Reward on the Weekly timeframe is a straightforward trade to take. The RSI is around 60.00 and above the Moving Average, providing enough headroom for a move to the upside. It's also reasonable to take a long trade on the Daily timeframe which will allow you to get an earlier entry and a better Risk/Reward, but the Weekly timeframe provides us with a clearer picture of the situation. When Take Profit #1 is hit, half of the position should be sold, the stop loss should be moved to the entry price, and the second half of the position should go to Take Profit #2. This locks in profits after the first take profit which is at 1:1 Risk/Reward. 💡 Trade Idea 💡 Long Entry: 153.570 🟥 Stop Loss: 150.900 ✅ Take Profit #1: $156.400 ✅ Take Profit #2: $158.900 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Ascending Triangle at 152.000 Resistance level, a bullish pattern. 2. 30EMA providing key support above the ascending support band. 3. Wait for a breakout of 152.000 resistance and confirmation of support to long 4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward. 5. RSI at 60.00 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! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
Usdjpy signal USD/JPY is sitting at multi-decade highs shy of 154.00 in the European session on Monday. The Japanese Yen continues to be undermined by the BoJ’s uncertain outlook about future rate hikes. Intervention fears and persistent geopolitical tensions could help limit losses for the safe-haven JPY. From a technical perspective, the post-US CPI breakout through a two-week-old trading range resistance near the 152.00 mark favors bullish traders. That said, the Relative Strength Index (RSI) on the daily chart – though it has eased from higher levels – is hovering near overbought territory. This makes it prudent to wait for some near-term consolidation or a modest pullback before positioning for any further appreciating move. In the meantime, the multi-decade high, around the 153.25-153.30 region, now seems to act as an immediate hurdle, above which the USD/JPY pair could aim to reclaim the 154.00 round figure. On the flip side, any meaningful corrective decline below the overnight swing low, around the 152.75 zone, is more likely to attract fresh buyers and remain limited near the trading range breakout point, now turned support, near the 152.00 mark. The said handle should now act as a strong base for the USD/JPY pair, which, if broken decisively, might prompt some profit-taking and pave the way for a slide towards the 151.40 intermediate support en route to the 151.00 round figure. Some follow-through selling will suggest that spot prices have topped out in the near term and shift the bias in favor of bearish traders. 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
Short
by JohnHarry_7
usd jpy buy USD/JPY ascends following a US inflation report indicating reacceleration, challenging levels that might prompt intervention. Rising inflation figures push Treasury yields higher and boost the US Dollar. Market anticipates future Fed actions with keen interest in upcoming monetary policy minutes. From a technical standpoint, the USD/JPY is trading at levels that were seen in the 1990s. With the major extending its gains past 152.00, that exposes as the next resistance level, the June 1990 highest peak at 155.78, followed by the 1990’s high at 160.32. On the flip side, the first support would be the psychological 152.00 level, followed by the Tenkan-Sen at 151.77 and the April 5 low of 150.81. 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.
Short
by Mark804
Usdjpy short 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. The Japanese Yen struggles to capitalize on the overnight modest uptick against the USD. The BoJ’s dovish stance undermines the JPY, though intervention fears limit the downside. Reduced bets for a June Fed rate cut should lend support to the Greenback and USD/JPY. Once surpassed, the next support emerges at the Senkou Span A at 10.17, followed by the Kijun-Sen at 149.23. Further weakness in the pair could send it toward the Senkou Span B at 148.93, well inside the Ichimoku Cloud (Kumo). Confirm signal
Short
by JohnHarry_7
usdjpy shortUSD/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. The Japanese Yen fails to lure buyers despite intervention fears and the risk-off impulse. The BoJ’s cautious outlook continues to undermine the JPY and lend support to USD/JPY. Reduced bets for a June Fed rate cut lift the USD to a multi-week top and act as a tailwind. From a technical perspective, the range-bound price action witnessed over the past two weeks or so might still be categorized as a bullish consolidation phase against the backdrop of the recent rally from the March swing low. Moreover, oscillators on the daily chart are holding comfortably in the positive territory and have also eased from overbought conditions, suggesting that the path of least resistance for the USD/JPY pair is to the upside. That said, it will still be prudent to wait for a move beyond a multi-decade high, around the 152.00 mark set last week, before positioning for any further gains.
Short
by Mark804
USDJPY Technical Analysis and Trade IdeaThe USDJPY currency pair has recently exhibited a bullish trend. However, it has been consolidating sideways for an extended period, lacking a clear directional bias. In our video analysis, we explore a couple of scenarios and provide detailed insights regarding price action considerations. Notably, we look for heightened volatility as liquidity is tested both above and below the current range. We anticipate a trend to emerge at some point. Currently, we are examining a 15-minute chart for potential trade opportunities, as discussed in the video. As always, this information is strictly for educational purposes and should not be construed as financial advice.
by fxtraderanthony