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Usdjpybuy

Wave 5 complete and we gonna see more downside for the USDJPY?Is wave 5 complete and more downside to come for the USDJPY. We think this is unclear at this point of time and we should be seeing some kind of choppy wave action at these levels with a bias to the downside. If you want to trade the dollar yen, go for quick scalping trades with a bias towards shorting the top of the range. BEAR CASE If you manage to enter for a short at market opening next week, the pair is good for a short. BULL CASE Going for longs here is like catching a falling knife. I'd be cautious for longs until a clear range is formed.
Short
by IkanBilisCapital
USD/JPY 4HR BUY SET UPHi TRADERS this is my trade set up for the USD/JPY for the new week ahead USD/JPY I believe will carry on its continuation in a buy market first it will need to ride down a little hopefully into the order block zones lined off on chart so i will be looking for a drop to the order block zones and to take a buy trade This is my analysis only please trade with caution and risk management in place good luck for this weeks trading please like and comment both are welcome
Long
by Costy13
USDJPY short now or later? An overdue dip is looming for the dollar yen. Is this the point where we see some kind of correction downwards or do we have to endure another dump to the downside before this can happen? I think if the price structure breaks down from here, we should see some support at around 113. I don't think this structure is complete for a complete reversal. There's still a bullish overtone for US dollar. The 120 level is totally possible before the bull run ends for the us dollar.
Long
by IkanBilisCapital
USD/JPY Technical Analysis: Continued Weakness of the YenAs I mentioned before, stability around and above the 114.20 resistance will continue to support the bullish reversal. The technical indicators have some room before they reach overbought levels according to the performance on the daily chart. The closest targets for the bulls are currently 114.60, 115.20 and 116.00. On the other hand, a rebound to the 113.30 support level brings the bears back in control again. I still prefer selling the currency pair from every bullish level. The US dollar pairs will be affected by the announcement of the durable goods orders numbers, the personal consumption expenditures price index, the number of weekly jobless claims, new US home sales, and the average income and spending of the American citizen Due to the risk appetite currently in the markets, the Japanese yen lost many of its gains against the rest of the other major currencies. Yesterday, the price of the USD/JPY currency pair tested the resistance level of 114.36 and settled around the level of 114.20 at the time of writing. The pair is waiting for any new movements in narrow ranges in light of the approaching holidays, which means less liquidity. The Japanese yen was hit hard by the Japanese parliament's approval this week of a record additional budget of about 36 trillion yen ($317 billion) for the fiscal year through March to help families and businesses affected by the pandemic. The budget is largely earmarked for funding COVID-19 measures, including booster vaccines and oral medications. It also includes cash payments to families with children and a promotional campaign for the hard-hit tourism industry. For his part, Japanese Prime Minister Fumio Kishida said that the supplementary budget aims to revive an economy that has not yet fully recovered from the epidemic and achieve stronger growth and a more equitable distribution of wealth under his "new capitalism" policy. Under Kishida, the government has tightened border controls to help avoid cases of the fast-spreading Omicron virus, after it managed to reduce infection levels sharply in the past few months. The budget includes 100,000 yen ($880) in payments to families with children 18 or younger and 2.5 million yen ($22,000) in support for businesses that have suffered major sales losses due to the pandemic. It will also pay to increase the salaries of nurses and other caregivers. It has allocated 617 billion yen ($5.4 billion) to promote semiconductor manufacturing within Japan as the country moves to improve its economic security and address shortages of computer chips essential for a wide range of products. The budget will also finance tourism promotion, sustainability and digitization. Deputy Prime Minister Seiji Kihara told reporters on Monday that the government plans to urgently submit the planned measures to the people to support "rebuilding the economy affected by the pandemic and resuming social and economic activity" after the widespread imposition of public health precautions to combat the coronavirus outbreak. .
Long
by SmoothJB
USDJPY | Good Buy Opportunity If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of USDJPY, I think we are going to see an upward movement. If you are going to go long now, make sure to place the stop below the previous support area . What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis. Good Luck! Disclaimer! This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Long
by MaxProfHacker
USDJPY , We should wait until the price arrive in ...Hello everybody According to the chart you can see that after the trend was changed, the price dumped and now we need to correction to recovery the power and again ready to dump and re-test that area again or dump more . But in this analysis to should check the chart and that zone in lower time frame to take signal than take position and put stop loss and wait until the target reach . Another method to take in this position is put sell limit in the area and put stop loss and put target than set and forget and go , anything happen and after 2 3 days you can come back and see it If you have any question just ask us and send us messages in private Good Luck Abtin
Short
by Abtin00