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Usdjpyforecast

USDJPY ShortAnalysed as far back as 10th December to identify current market setups Market is in a clear long term bearish setup but short term sells. Awaiting on confluence based on: Fib zones (seen by green lines) Support zones (Seen by green lines) Candlestick pattern (awaiting buyers in the market) Once confluence is seen on H4 will go to lower timeframes (15/30 min) and await further bullish momentum for entries. Also keep in mind news (fundementals) as price will either hit SL alot faster or TP will be hit faster.
Short
by motheomabudusha
USDJPY, watch out for the pullback So far our trade has gone just fine, I would say perfect, but Friday night and this morning he woke up in pullback, and it is right to lower the Stop Profit to avoid nasty surprises. On the H4 timeframe we are right now on the MML and I hope it is resistant enough to block the bullish impulse, but let's see where to best place the Stop. Plotting a Fibonacci on the last bearish vector I decided to set the SP at 61.8%, so as to give the price the possibility to go up to a possible 50%. New Stop Profit Level: 115.25
Short
by The_Cyclical_Trading
1
USD/JPYThe US dollar plummeted against the Japanese yen but did recover slightly during the Friday session. At this point, it looks as if there is a lot of selling pressure, so I think if we do rally at this point, a significant amount of resistance may cause some issues. At the first signs of exhaustion, I anticipate that there will be a lot of traders out there willing to short this market. That being said, the ¥112.50 level underneath should be a significant support level. To the upside, keep an eye on ¥115, because it is so important.
Short
by SmoothJB
2
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 may drop more after breaking below 114.40Japanese yen became strong enough against the USD after the CPI report was released. Though the price index increased, it seemed not manageable, and the USD fell apart against all the major pairs. USD/JPY is hovering nearly the trendline support zone. 114.40/35 is immediate and trendline support; after breaking below 114.40/35 USD/JPY may drop more nearly 113.32 price zone this week. Today the USA labor market will release PPI and unemployment claims. I hope these reports are not going to help the USD. However, if these reports print positive USD/JPY, it can test the descending trendline area nearly at the 115.05/115.15 price zone. But as long as USD/JPY is below the descending trendline, I mean 115.10 price zone, it still has a chance to drop more. So the sell order will be invalid if only USD?JPY breaks and is stable above the 115.10 price zone. Otherwise, we will continue our sell trade from nearly 115.00 or break below the 114.40 price zone.
Short
by Gold_Trading_Expert
2
USDJPY Reversal Pattern - Turning BEARISH? 3 Options For Entry! Hi All, As you can see, I am bearish on USDJPY. I am expecting price to rise next week and hit the key levels on the image above, which we can start looking for momentum to the downside and confirmation that it will turn bearish for the medium term. Keep an eye on the key levels and see how price will respect and react to them! It should give you a really nice opportunity to enter your Sells! I hope this post can help you. I will be posting a simplified version with the "very likely" option, just so it can be clearer for you. Let me know your thoughts - whether you like any of the 3 ideas to take your own trades or if you are bullish in this pair! Have a great and profitable week all! Cheers, Gaspar_Trader
Short
by Gaspar_Trader
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
Forex Today: USD/JPY Close to 5-Year High PriceMost markets are sideways as the new year opens quietly. Asian stock markets are mostly lower. In the Forex market, we see a strong US dollar, and continued weakness in the Japanese yen. This puts a bullish USD/JPY at the center of today’s Forex market. The currency pair is close to testing its 5-year high made a few weeks ago. A failure to rise beyond 115.40 may give a short trade opportunity. The UK, USA, Canada, and Italy have public holidays today, but US stock markets will be open. Over 1.8 million new coronavirus cases were confirmed yesterday globally, as infections soar dramatically to new records. Preliminary data suggests that the omicron coronavirus variant, while considerably more infectious, has notably milder effects than previous coronavirus strains, with an estimated 70% reduction in the probability of hospitalization. This is potentially very good news for both health and economy, so stock markets have been broadly bullish. It is estimated that 58.3% of the world’s population has received at least one dose of a coronavirus vaccination. Total confirmed new coronavirus cases worldwide stand at over 290.6 million with an average case fatality rate of 1.88%. The rate of new coronavirus infections appears to now be increasing most quickly in Albania, Algeria, Argentina, Australia, Bahamas, Barbados, Belize, Canada, Colombia, Croatia, Cyprus, Denmark, Estonia, Ethiopia, Finland, France, Greece, Iceland, Israel, Italy, Jamaica, Kuwait, Lebanon, Luxembourg, Mali, Malta, Montenegro, Portugal, Qatar, Spain, Sweden, Switzerland, Turkey, the UAE, the UK, Uruguay, and the USA
Short
by SmoothJB
USDJPY | Strong Bearish Trend. When it comes to USDJPY , a while ago, we've seen a strong impulse to the upside. And got rejected from a resistance. Right now price is staying near a supply zone as well. We also seen a multiple rejection from that area as well, which clearly shows the selling strength. Looks like there aren't many support areas till S1. So you could start booking profit from S1, which was the previous resistance area. If you find this technical analysis useful, please like & share our ideas with the community. 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.
Short
by maxprofwizard
USDJPY-LONG IF CLOSE ABOVE 115.25The USD/JPY currency pair made its highest weekly close in 5 years for the second week running, printing a healthy sized bullish candlestick which closed near the top of its range. These are clearly bullish signs that we are likely to see a further rise over the coming days and weeks. However, it should be noted that there were recently several higher daily closes all the way up to the very key resistance level at 115.25. Although the rise in USD/JPY is supported by the improved risk sentiment we are seeing in markets since data began to show omicron as relatively mild, this currency pair is still prone to a sudden selloff below 115.25, so I do not want to go long here until we see a daily (New York) close above 115.25.
Long
by SmoothJB
2