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Usdjpyforecast

Perspective on UsdJpyWelcome our perspective UsdJpy Usdjpy has been falling constantly with the falling of DXY, it's likely this price action will continue this path but not without the careful consideration of an upwards move first. UsdJpy is stuck in a small range where more reason is provided to go up than down first. We feel it is possibly for the black line given, to be followed. This pair will be watched over closely and should this move become fact, We will look to fill a sell order.
Short
by STOIC_MARKETS
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is that the JPY is starting to weaken quite a bit. It happened because of the BOJ MEETING. This time after the FOMC, the dollar has also weakened. - Due to MARKET RISK ON, all MARKETS including STOCKS and COMMODITIES are going up a bit now. - There is definitely a high possibility that USDJPY will go UP a bit more and move to 133.67 LEVEL. Anyway, USDJPY price can go down to 125.02 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
3
USDJPY | Perspective for the new week | follow-up detailsFollowing our previous analysis on the USDJPY where it was possible to scoop over 500 pips profit (see link below for reference purposes); price action is at a critical juncture at the moment as it oscillates around the 128.000 level. The Greenback weakens in the wake of the CPI and the Japanese Yen continues to soar ahead of the BoJ monetary policy and interest rate decision this week. Despite the US Dollar slipping to its lowest level since June 2022; there is still a long-term bullish momentum from a higher time frame's perspective (daily and weekly). Following Thursday's data showing that U.S. CPI inflation eased in December 2022, could this be a sign to anticipate a reversal pattern in the coming week or events from the BoJ will send a new wave of sell-offs in this market? Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
3
USDJPY Long Term Predictions (4H Chart)Technical Analysis Summary ETH/USDT TREND ANALYSIS We have 1 Downtrend in red color (Long Term). We have 1 Uptrend in green color Internal Trend (Short Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
BOJ surprise may create wild yen swing The Bank of Japan is wrapping up its two-day policy meeting today, and the decision it announces at the conclusion could have huge ramification for Japanese markets and the yen. There is currently intense speculation that the bank may shift from its current path of ultra-loose policy, or at least offer some guidance concerning future moves. Let's look at the technical situation of the USD/JPY to see what possible move lies ahead. The trend for USD/JPY has now switched to a downtrend after last year’s bullish run up. The price is also well below the 200-EMA period, which may imply that we are now in a long-term downtrend. Although, support appears to be building around 127.80. This may be because the market is not entirely sure that the BOJ will signal any change in policy today and risk rocking the economic boat again, like it did after its last meeting. The Smart Money Concepts Indicator shows a ‘Break Of Structure’ or BOS, which is marked in the chart, indicating that the support at 127.80 may have been a lower low. The bullish move may also be considered a retest to the BOS and may reject this area. With the current downtrend for the USD/JPY in mind, the traders may like to look for a break and close below 126.70, which is strong support for the USD/JPY to continue moving down. Depending on the BOJ announcement, price targets from 124.00 to 121.50 could come into play. However, a ‘Change of Character’ or CHoCH signal coming from the SMC indicator might result from a dovish BOJ press conference. The CHoCH should be printed on the chart first before considering a trend switch to the upside. The marked-up supply zone by the SMC indicator can be used as a target point if one is considering a buy once we get a rejection at around 126.70.
by BlackBull_Markets
USDJPY Trading Plan - 16/Jan/2023Hello Traders, Hope you all are doing good!! I expect USDJPY to go Up after finishing this correction. Look for your BUY setups. Please follow me and like if you agree or this idea helps you out in your trading plan. Disclaimer: This is just an idea. Please do your own analysis before opening a position. Always use SL & proper risk management. Market can evolve anytime, hence, always do your analysis and learn trade management before following any idea.
Long
by For3xScalper
2
USDJPY snipper entry!!Currency Pair : USDJPY Possible direction : Bearish Technical Analysis : Long term down trend with multiple timeframe bearish price market structure. Previous session has formed a strong bearish price action with strong liquidity grab followed by long wick doji just below the resistance level. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01