USDJPY : Short Trade , 4hHello traders, we want to check the USDJPY chart. The price is moving in a descending channel and has pulled back to the indicated key level. We expect this level to play the role of a resistance level and maintain the downward trend of the price and the price will fall to around 143.300. Good luck.
Usdjpysell
USDJPY Shorts from 147.000 down to 140.000My breakdown for USDJPY this week involves sustaining its temporary bearish trend. Currently, the price has shown a bullish reaction at our identified Point of Interest (POI), resulting in a pullback to tap into a Daily supply zone above. Following this, our strategy involves anticipating a redistribution on lower time frames to facilitate selling opportunities, targeting the equal lows.
Considering the impact of NFP Friday on our demand, we await the formation of a correction to prolong the downward trend. In case the price opts for breaching equal lows first, our plan involves waiting for entry at the 7-hour demand zone, presenting an opportunity to buy at a more favorable price.
Confluences for USDJPY Sells are as follows:
- Price retraced from a 2-day demand and now slowly approaching a daily level of supply zone.
- Supply Zone is on the daily time frame that has also caused a Break of structure to the downside.
- Lots of liquidity to the downside in the form of equal lows, and major trendlines.
- Price needs to fill the imbalance as well which has been left from the supply zone.
- The dollar is also expected to be bearish so this pair is also projected to move in a similar way.
P.S. Since the price on the higher time frame couldn't surpass the all-time highs and experienced a significant sell-off, my expectation is that the price may continue its decline to target substantial liquidity below. Consequently, I am inclined to seek pro-trend trading opportunities to prolong this downward movement, aiming for the 140.000 mark.
UDSJPY - Short from bearish order block ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from 4H timeframe perspective, so I am looking for short. I want price to continue the retracement to fulfill the imbalance higher and then to reject from bearish order block + institutional big figure 148.000.
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USDJPY: November CPI data in the Tokyo area exceeded the BoJ's 2Recent data shows inflation has eased since October:
CPI (excluding fresh food and energy): 3.7%
Total CPI: 3%
Inflation in Tokyo, although exceeding 2%, is still slightly lower than forecast
FX Update: USD/JPY edged 15bp higher to around 147.25 after this data
USDJPY BUY ON DIPS !!! HELLO TRADERS
As i can see this pair has reached at support zone !!!! and i am trying to scalp some pips on this trade charts are crystal clear on Risk Reward ratio % have look on other newly updated trades so u can judge market next moves its just and trade idea share ur thoughts with us we appreciate ur love and comments and happy to answer you
USDJPY Shorts from 149.500 down towards 147.500My bias for USDJPY is bearish due to the fact that price has reacted off the last supply from the whole chart, and has now given a CHOCH and BOS's on the higher time frame. Price has also took all the liquidity that was left above leaving price to now melt downwards and target all the asian lows, trend lines, equal lows, and imbalances that was left previously.
Currently, price has reacted nicely off an 8hr supply which we can enter imminent sells to target the (8hr) demand below at 147.500. I am expecting the 8hr demand to cause a retracement back up but from there we can take short term buys up to a premium supply around 150.500. As Wyckoff distribution has been completed we can look for the asian high to get swept in order to enter our sell positions because a CHOCH has already been presented to us on the 15min.
My confluences for USDJPY Shorts are as follows:
- Price has taken all the magnets that lies above and reacted off the last supply of the chart.
- Price has CHOCH'd and BOS on the higher time frame confirming a bearish trend.
- Lots of liquidity to the downside in the form of trend line liquidity, asian lows, EQLs and IMB's
- Wyckoff distribution has been completed on the Higher time frame and now melting.
- A re accumulation has been presented inside our current 8hr supply in which we have got a clean reaction from.
- Dollar (DXY) is also temporarily bearish for me so it matches with my sell bias for this market.
P.S. even though we are bearish I would also be interested in buying from 147.500 up towards 150.500 or higher to then eventually sell again. For now, we will see if price reaches that demand below as short term buys will be interesting there. Remember being adaptive is very crucial and because I am a day trader, I can counter trend trade up to better POI's to then enter pro trend trades.
USDJPY Navigating Retracement&Identifying Short Opportunities!Introduction:
The USD/JPY pair has experienced a dynamic week marked by a double top pattern, providing insightful clues for traders. While recent days showcased a retracement and an apparent uptrend tendency, the most recent price action is signaling a potential shift.
Retracement Dynamics:
The past week witnessed a retracement in the intense and continuous bearish flow of USD/JPY. The retracement is characterized by an uptrend tendency line, suggesting a temporary shift in market sentiment. However, recent hours are indicating a potential reversal, prompting a closer examination of key technical levels.
Fibonacci Retracement:
Zooming into the 4-hour timeframe, the current movement aligns closely with the 61.8% Fibonacci retracement level, centered around the price of 0.750.700. This level serves as a critical reference point, providing insights into potential reversal zones.
Bearish Order Block on Lower Timeframes:
Detailed analysis on smaller timeframes, specifically the 1-hour and 30-minute charts, reveals the formation of a Bearish Order Block. This is a crucial technical pattern signaling a Short Position opportunity. The identified price range of 0.750.600 becomes significant for traders considering a short entry.
Break of Uptrend Tendency Line:
A pivotal moment in this analysis is the recent break of the uptrend tendency line. The breach of this trendline, coupled with a reaction around the strong high of 0.750, suggests a potential re-establishment of the bearish sentiment.
Conclusion:
In conclusion, the USD/JPY pair has undergone a retracement in the past week, challenging the prevailing bearish flow. However, with the recent break of the uptrend tendency line and the formation of a Bearish Order Block on lower timeframes, there is a compelling case for a short position opportunity. Traders are encouraged to closely monitor the price action around the 0.750.600 range, as it may serve as a key entry point for those anticipating a continuation of the bearish trend. As always, risk management and vigilant monitoring of price dynamics are essential for traders navigating these evolving market conditions.
USDJPY → Falling to 1.46? Or Rocket to 1.52? Lets Answer That.USDJPY fell below the 30EMA to my previously predicted area of 147.100 then immediately bounced back to 150.000 only to stall and leave us wondering what the next move will be.
How do we trade this?
We're in a bull channel which should put us in a bias to long. But we have a double top reversal signal at a key level of resistance (the previous Weekly high of 152.000 staring us in the face. We need to see what happens here at the 30EMA. If we get a strong bear bar closing on or near its low, shorting to the bull channel bottom around 146.300 or even the previous high of 145.000 is reasonable. The protective stop should be just above the 30EMA.
You can also wait for a long at the bull channel support or previous high support, looking for a bull channel signal bar and confirmation closing on or near its high. Protective stop just below those levels with a take profit at the 30EMA and then the previous high of 152.000.
Key Takeaways
1. Bull Channel, Bias to Long.
2. Double Top Reversal Signal. Close the Gap to Bull Channel Support.
3. Fell below 30EMA, Gap to Bull Channel Support
4. Previous Channel High of 145.000 Final Target.
5. Wait for Bear Signal Bar for Confirmation to Short.
6. RSI at 47.00, below Moving Average. Supports Short.
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UDS/JPY Falling to 146.000!? Double Top Reversal Signal CompleteUDS/JPY has a double top reversal signal on the Daily candles and a triple top on the 4HR candles with a massive gap to fill. This reversal signal happened at a key level, 152.00 which is the previous high from October 2022. As shown in my previous prediction, a short position is reasonable at this level. The double/triple top is the confirmation of that short, which increases the probability of profit significantly.
If there was a time to short in this bull channel, it would be now .
Key Points
1. Double Top Reversal Signal on the Daily Chart
2. Triple Top Reversal Signal on the 4HR Chart
3. Gap to bottom of the channel at 146.000
4. The lowest target price is the Previous Channel High of 145.000
5. RSI at 52.00, Plenty of room to fall and supports #1-4
You are solely responsible for your trades, trade at your own risk!
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USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY: It cannot be said with certainty that a weak JPY has a nBank of Japan Governor Ueda said:
It cannot be said that the weak yen will have a negative impact on the Japanese economy.
A weaker yen promotes domestic inflation due to higher import costs.
Weak yen has a positive impact on exports and profits of Japanese companies globally
We do not comment on exchange rate fluctuations
As we get closer to our inflation target, we will be discussing exit strategies and outlooks, including ETF purchases.
The Bank of Japan has no concrete plans to sell ETFs.
When we sell ETFs, we do so in a manner that minimizes market disruption and significant losses to the Bank of Japan's balance sheet.
USDJPY: Japan's Economic Minister warned that the global recessiStatement from Japan's Minister of Economy on the third quarter GDP report:
It should be noted that the threat of global recession is depressing the Japanese economy
Domestic demand, including consumption and investment funds, decreased significantly in the third quarter
Personal consumption slumps due to rising prices
Industrial production is under pressure due to rising raw material prices and reduced investment in construction and machinery.
Consumption of services such as eating out continues to recover
Concerns about the future of the Chinese economy need to be carefully monitored
USDJPY Long Term SELLING Trading IdeaHello Traders
In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
USDJPY - Bullish continuation ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Nothing changed here, as I said in my previous analysis I have a long position, expect price to take buy side liquidity and to create new higher high. I will secure my trade and move SL to BE.
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USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range.
Key Points:
1. We're in a Bull Channel which means we have a better chance of profit longing.
2. Previous High of 152.000 has been touched.
3. Bull Capitulation Candle on Oct 23.
4. DXY Strong Bear Signal Bar of the bottom of the bull channel.
5. JPXY Still at Risk of Bull Reversal, this week's candle may decide.
6. RSI has room to fall and while a weak indicator, supports the previous 5.
As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful.
Trade wisely and let us know what you think in the comment section below!
USDJPY Bears parade incoming! Weekly chart says it all.. the 2022 pattern is now repeating again for the USDJPY pair:
1- Top rejection
2- Bear Doji close
3- Waiting now for confirmaton: bear candle with body closing below previous and lower high
The volume seems to be lower this time so watch out for one last try to test the weekyl Top. Most likely will be rejected so thats a good point for a short!
USDJPY - Long after a retracement ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a strong bullish market structure from 4H timeframe perspective, so I am looking for long. After news on JPY price has a strong impulse, I wait for a retracement to fill the imbalance lower and then to reject from bullish order block
Fundamental analysis: This week we have a lot of important news on USD. Will be released Interest Rate followed by FOMC Meeting on Wednesday and on Friday NFP day. Pay attention to the results in order to validate the analysis and try not to trade during the release of the news.
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