USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level.
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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Usdjpyanalysis
USDJPY - Expect retracement !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. For now I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block
Fundamental news: Tomorrow (GMT+3) we have important news in USA, we will see results of CPI and Interest Rate. As well on Friday we will have news regarding Interest Rate in Japan. Pay attention to the result in order to validate the analysis.
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Short Idea on USDJPYUSDJPY made an attempt to breakout from symmetrical triangle pattern on 12/6/2024 before US CPI Data released.
After US CPI Data released on 12/6/2024, the USDJPY dropped tremendously from 157.37 to 155.75 level.
Today 13/6/2024, USDJPY climbed to sensitive rejection level 157.35 again.
On 4-Hours Timeframe Chart, you can see a potential Head & Shoulder Formation.
The USDJPY Price is currently forming a possible right shoulder, which potential peak will be at between 157.30 to 157.40 area.
If a Solid Bear candlestick formed break the support of 156.90 Level, you will see a waterfall happening to 154.90 level.
My Entry Price: 157.26
Profit Target: 154.90
Stop Loss: 158.15
Risk : Reward: 1 : 2.61
Volatility strikes USD/JPY within rangeThe whipsaws for the US dollar around US CPI and the FOMC meeting made its mark on USD/JPY, which closed the day with a large hanging man candle beneath the May high. Markets are still deciding whether to pay closer attention to softer inflation data or the Fed's relatively hawkish meeting, and that likely means confusing price action on USD pairs.
The 1-hour chart shows strong volume accompanying the rally from Wednesday's low, which suggests another crack at breaking above the week's high. But with plenty of resistance overhead, bears may be tempted to fade into rallies on hopes of driving the pair back to the range lows around 155.
USD/JPY Ready For Sell After Daily Closure , Are You Ready ?This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
DeGRAM | USDJPY rebound from the accumulation zoneUSDJPY is moving near the upper boundary of the accumulation zone.
The accumulation zone has already triggered three times as a rebound point.
The chart has successfully consolidated above the dynamic support.
We expect the rebound to continue.
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USDJPY sideway waits NONFARM to break narrow marginThe Japanese yen was flat on Friday after the Japanese finance ministry announced Japan's foreign exchange reserves.
Japan's Ministry of Finance announced that he will take action on excessive JPY exchange rate volatility when necessary and will evaluate the effectiveness of the intervention. He emphasized the importance of maintaining market confidence in the JPY while also mentioning that there is no limit to the resources for the foreign exchange intervention fund.
The dollar is struggling after weak US employment data raises hopes that the FED will lower interest rates twice in 2024. Economists predict a rate cut in September in addition to the possibility of another cut. The possibility of the FED lowering interest rates in September.
In the h4 time frame, there have been signs of a bearish reversal in the USDJPY pair. The 34 EMA has crossed down to the 89 EMA and the recently created highs are getting lower. Overall, the pair is still stuck in a narrowing price band and is waiting for Nonfarm today to break out of the band.
Pay attention to important support and resistance zones:
Support: 156,400-153,600
Resistance: 154,500-157,700
USDJPY TO 160+ 12H CHARTI have USDJPY going to 160 and beyond..... price may be a little choppy until then but I am Long on this pair and I've been using every dip (when price takes bearish dive) as a buying opportunity. I can see price testing the previous highs of 157.844 (yellow level) and eventually breaking and closing above it, once this level of previous resistance (157.844) is then used as support; that will act as yet another form of confirmation that price in en'route the 160 level.
USDJPY: Swing Sell Happening! AB=CD PatternFX:USDJPY
Price is currently in process of making AB=CD pattern; after USDJPY created a record Higher High, most of the traders were expecting price to drop heavy and it just did that. After dropping heavily, price made some correction and formed a AB=CD pattern which is where we can expect price to drop exactly in same amount as A to B made. Our final target is 145-147 which will be somewhere 800-1000 pips. Use proper risk management.
DeGRAM | USDJPY pullback from the channel boundaryUSDJPY is moving between the trend lines in a descending channel near the upper boundary.
The price has been rising for a long period of time without pullbacks and is now approaching the resistance level, which coincides with the 62% retracement level of the last bearish impulse.
We expect a pullback.
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USDJPY - Expect bearish price action !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I look only for short position. I expect bearish price action as price filled that huge imbalance and now could reject from bearish order block.
Fundamental news: On Friday (GMT+3) we have NFP day. News with high impact USD, so pay attention to the results in order to validate the analysis.
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USD/JPY Giving Amazing Bearish P.A , Short Setup Valid Soon !This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade
Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method
Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
✨FULL USDJPY. Multitimeframe Analysis✨☝️Do not act based on my analysis, do your own research!!
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A good profit by breaking the defined area in the USDJPY
Hello Dears
What do you think about currency?
I have identified an orange area that if broken over the next week we can get a good sell deal on the currency
Personally, I am looking to enter this deal
Your eyes should be orange when the area is broken
A series of black dashed lines are drawn on the chart, we want to see the price reaction to these lines together.
USDJPY tm:1hHello traders.
I hope you doing well.
These areas are based on my personal strategy and I will share it with you.
Open a sell position on the supply area or open a buy position on the demand area.
Your entry point, stop loss, and target point are based on money management and the amount of money in your trading account.
But I promise you that by trading in the areas of my trading strategy, you will definitely make a profit, because these areas, although they seem simple, are my experience of 8 years of learning and trading.
I hope you will achieve maximum continuous profit with me by using supply and demand areas.
Good luck traders.
Mohammad Goodarzi
USDJPY Short time bearishFor years now Yen has been weak and USDJPY Rose 11% in the last 5 months meaning the trend is bullish . FX:USDJPY Peaked at 160 area last month then we saw some selling pressure which drove the rate to 152 zone {Last year high}
Price rejection since this month open from 158 means we have some selling pressure, Today after US GDP QoQ2 release USDJPY Dropped 900 points too. I would wait to get a favorable long entry points.
Areas of focus 155, 152, lowest 150. Below that the bias turns bearish mid term.