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Usdjpyidea

The USDJPY achieves new gains – AnalysisThe USDJPY pair rallied upwards yesterday to breach the bearish channel’s resistance and settles above it, to hint the attempt to recover on the intraday basis, but we notice that stochastic shows clear negative signals that put the price under negative pressure now, to face contradiction between the technical indicators that makes us prefer to stay aside until we get clearer signal for the next trend. Note that continuing the rise and breaching 133.30 will lead the price to turn to the bullish trend and achieve gains that start at 134.50, while breaking 131.75 support will push the price back to the bearish track to head towards visiting 128.90 on the near term basis. The expected trading range for today is between 131.30 support and 132.30 resistance The expected trend for today: Neutral
by eltonmorningstar
1
DeGRAM | USDJPY long opportunityUSDJPY is trading in the descending channel . Price is returning to the resistance level as a result of the market making a shallow lower low, indicating that the bears were unable to push the price lower. The marker is likely to retest the resistance level, potentially resulting in an AB=CD pattern. We expect a retest of the resistance level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
13
Two currency trades to consider in January The first month of the new year is upon us and with it a new batch of trading opportunities. But where are the trading opportunities this month? With no knowledge of what surprises may lurk around the corner, we can turn our attention to the Economic Calendar to see what events will occur and think about what assets might likely be affected by some wild swings in response. US dollar On Friday 13th, we have December inflation data from the world’s largest economy; the US. Inflation in the US has been slowing for the past five months and it is again expected to dip further in the latest reading. But, by how far is the big question. The market consensus is pointing to a fall from 7.1% to 6.5%. US inflation data is about the most interesting economic event for traders of the past few months as traders try to use it to gauge the economic consequences (and the desirability of the US dollar) of it falling too fast or not fast enough. A trade against the British pound might be a good call with the nation’s GDP data also due on the 13th, followed a few days later by its own inflation rate data. Japanese dollar We have both an important BOJ Interest rate decision (18th) and Inflation data (20th) emanating from Japan this month. The reason this is important is because the BOJ recently widened its target for 10-year government yields yet noted that it actually sees inflation falling back from its current 40-year high without it needing to change its ultra-loose monetary policy. Some market participants, including Trading Economics are pointing to Japanese inflation rising still higher, by 10-basis-points, for its December reading. All these seemingly hard-to-amalgamate perspectives means the Japanese dollar might be a good trade this month, against the US dollar, pound, or Australian dollar.
by BlackBull_Markets
USDJPY next movement in the next week ?The US dollar against the Japanese yen may return to the bullish path next week, after the US Federal Reserve raised interest rates and stated that it will continue to raise interest rates in the coming year. All this may increase the strength of the dollar. Here, the dollar is seen breaking a downtrend on the four-hour time frame and testing it, and for this I expect the rise to continue towards higher targets. The four golden rules of trading 1 Don't be greedy 2 Always use stop loss 3 Never add other positions to the losing positions 4 Use a suitable lot for your account ❤️Please, support our work with like & comment!❤️
Long
by zaidhatem
5