Get started

Usdjpysell

USDJPY Shorts to 146.800My bias for this pair is very much so bullish due to the fact that price has entered the last (8hr) supply zone of the chart. Not only has it swept so much liquidity, but the initial rejection ended up causing a change of character to the downside on the 4hr time frame. As we can clearly see wyckoff distribution play out, there have been nice POI's left for us to enter sell positions from, like the 15min unmitigated supply at the top or the 17hr supply zone just underneath. We will wait for the pullback to come back to these areas to re-distribute on the lower time frame in order for us to get the most premium price to sell at which will maximise our risk to reward ratio. Ideally we would also wait for the asian high to get swept first at 150.420 before looking at entries, as there will be no more reversal magnets against our trade. Our sells will then be in a very good position for price to just melt down. Scenario B is that USDJPY will end up making new highs and break the POI's marked out. This would be expected when the current pull back comes and fails all the supply zones at the top to take out the ATH's (All time highs of the market.) However, even then we will also expect a bearish trend to form once price decides to sweep ATH's as that is also a strong form of liquidity. My confluences for USDJPY shorts are as follows: - Price has tapped into the last 8hr supply zone of the market that also caused a change of character on the 4hr. - Liquidity has also been swept inside the zone from the upthrust distribution and has now left valid POI's - Once the asian high gets taken there will been reversal magnets against our sell bias. - Lots of liquidity to the downside to target as take profit targets i.e. Trendlines, equal lows, untouched asian lows and long wicks to fill. - There is also a 15hr demand zone at the bottom that price needs to eventually mitigate. P.S. There is also a 3hr supply POI underneath the asian high that it could react off but I would like to see a clear CHOCH and maybe even a break of structure to validate the hold of that supply. As we have identified both feasible scenarios, we can now prepare for the markets price action to play out and make our moves from there. But we must remain adaptive at all costs and know either could occur in this markets forecast.
Short
by Hassan_fx
1
USD/JPY: Japanese Yen retests the psychological threshold of 150Finance Minister Shunichi Suzuki said Thursday that authorities were closely monitoring current developments and warned investors not to sell the yen. The Bank of Japan's ultra-easy monetary policy is putting pressure on the Japanese yen as other central banks tighten policy at an unprecedented pace to curb inflation. Rising government bond yields and global inflation have pushed up Japanese government bond yields, putting pressure on the Bank of Japan to adjust its yield curve control (YCC) policy. The Bank of Japan has been adjusting its YCC policy for several months, and this may continue at next week's meeting.
Short
by Chart_MasterPro
USD/JPY Bullish long RangeUS Dollar Dips but Finds Buyers The US dollar has fallen rather hard during the course of the trading week, but found enough support underneath to turn things around. The ¥138 level is an area that a lot of people had been paying attention to as it was the top of the ascending triangle that I have marked on the chart, and of course the “market memory” that comes with the top of the ascending triangle is coming into the picture. If we turn around and break above the top of the candlestick, then it opens up the possibility of a move toward the ¥142 level. If we break above the ¥142 level, then it opens up the possibility of a move to the ¥148 level which is the measured move from the ascending triangle. You can see that we broke out exactly where you would anticipate seeing that based upon standard technical analysis, so I do think this is a market that you are a buyer of dips on given enough time, and will have to look at it through that prism. I have no interest in shorting this market, and I do believe that as soon the market breaks above the top of this candlestick, we will probably continue to see a lot of upward momentum and a move to the upside. If we were to break down below the ¥138 level, then it could see a fairly steep correction, but right now I don’t see that in the cards, and I believe we probably still have the possibility of a stretch higher. The US dollar continues to benefit from the Federal Reserve being tight while the Bank of Japan continues its yield curve control. BoJ Governor in no hurry to alter BoJ monetary policy path Key levels to watch for USD/JPY for the current bearish continuation scenario BOJ GOVERNOR UEDA IN NO HURRY TO ALTER COURSE BoJ Governor Kazuo Ueda stressed that the Bank is in no rush to alter the path of monetary policy despite interest rates holding above the 2% target since early 2022. The pick up in inflation has been attributed to supply side effects created by the demand and supply mismatch brought about as a result of the Covid-19 lockdowns and Russia Ukraine war. However, this morning at a platform for Japan’s government draft economic policy, it was declared that the government will eradicate a deflationary mindset and move towards ending deflation with bold monetary policy, flexible fiscal policy and with its growth strategy. Additionally, the draft policy issued hope that the BoJ achieves a sustainable 2% inflation target, accompanied by welcomed wage growth. The news helped the pair continue to ease lower in early European trading. USD/JPY TECHNICAL ANALYSIS AND KEY LEVELS OF INTEREST USD/JPY turned lower at the beginning of the week when news of a provisional agreement to raise the debt ceiling filtered into the market. Since then, interest rate expectations have reversed course, initially favouring a 25-basis point hike and now largely favouring the no hike or “skip” outcome. As such, a weaker dollar has benefitted the yen which now sees the pair on track for 5 consecutive days of declines. The 138.20 and 138.00 zone of support currently appears as the next area of support, followed by the 200 SMA which hovers around 137.27 at present. The downward momentum is supported by the return from overbought territory on the RSI towards neutral levels, alleviating pressure on Japanese officials that had to issue a warning that they are closely watching speculative moves in the currency market. Resistance lies all the way at 140/142.25, some distance away. MAJOR RISK EVENTS OVER THE NEXT WEEK Today at 13:30 UK time, US non-farm payroll data is anticipated to reveal a fewer number of jobs being added in May compared to April. Actual prints have varied significantly from prior estimates so be prepared for increased volatility in the event we see another departure from the consensus figure of 190k. If yesterday's ADP (private payroll data) beat and increased employment number within the ISM manufacturing PMI are anything to go by, we could very well see a print above expectations. However, it must be said that ADP has proven an unreliable predictor of NFP data and the jury is still out on whether its new methodology is any better than the last. A sizeable beat may see an uptick in rate expectations, lifting the dollar, and by extension, USD/JPY. A miss could add to the current sell-off as traders get behind an interest rate skip later this month. US services PMI will be a crucial data point in analysing the state of the US economy at a time when equity indices surge on thanks to a handful of massive tech and AI-aligned names. Towards the end of next week Japan will see the final GDP figure for Q1 - which is likely to confirm a much improved outlook than what emerged in the final quarter of last year.
Long
by DaveBrascoFX
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
Short
by ForexPlanet20
USDJPY - Bullish price action ✅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. I want price to make a retracement to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: On Thursday will be released quarterly GDP in USA, if the actual is higher than forecasted it means strength of USD. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
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
Long
by ForexPlanet20
"USDJPY: Watching 148.80 for Reversal"The USDJPY currency pair is currently on an upward trajectory, approaching the key resistance level at 148.80. It's worth noting that in October of the previous year, the price experienced a significant downturn from this same level. Given this historical context, there is a reasonable expectation that a similar price reversal may occur this time as well. Should the daily candle manage to close above the critical resistance point at 148.80, it could potentially signal a further bullish extension towards the next target at 150.10. However, our strategy entails a bearish outlook. We plan to initiate a sell position at 150.10, with a target set at 145.55. This target aligns with the trend line support, which suggests a potential bearish move in the market, mirroring the historical precedent of price declines from the 148.80 level. 🔥1st Sell Entry - 148.80 🔥2nd Sell Entry - 150.10 👇TP - 145.50 🔴SL - Join Our Channel
Short
by FKW-Millions
A SELL TRADE SETUP ON USDJPYHI Traders, USD/JPY's bullish rally seems to be running out of steams and bullish momentum is beginning to the weakened down showing some downside preparation. 📌 Currently, the price is forming up a bullish wedge pattern in the 8H chart of usd/JPY. 📌 The price is showing a very prolonged Divergence taking note of the RSI indicator revealing LL and LH when the price is technically showing HH and HL. 📌 Though the price is yet to break below the 2weeks bullish trendline, but it is most likely going to break before the end if the week. 📌 Technically, a break below the wedge lower band the market could start a new bearish momentum. 📌 Stay on a watchout.
Short
by Adefxc
USDJPY - Fill the gap before bearish continuation ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As I said in my previous analysis price started the retracement, on 1H timeframe we can see that price changed the character. Now I expect price could fill the gap higher before going lower. Fundamental analysis: Tomorrow will be released monthly and yearly CPI on USD and on Thursday monthly PPI. Pay attention to the results in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
2
USDJPY: Fibonacci!During the Asian session on Tuesday, USD/JPY is struggling to rebound from its losses in the previous day. The pair is treading water around 146.60 as market participants await the release of the US Consumer Price Index (CPI). The downward pressure on the pair can be attributed to both bullish comments made by the Bank of Japan (BoJ) and a lackluster performance by the US Dollar (USD). Governor Kazuo Ueda's recent remarks indicate that there is a possibility that the Japanese central bank may consider reversing its negative interest rate policy. This development has added further uncertainty to USD/JPY movement in recent days.
Short
by Sphyn-Trader
1