USDJPY 4H : Still support decline USDJPY
New forecast
The price perfectly fulfills my last idea and we get about + 60 pip .
The USD/JPY pair made an attempt to break the 148.35 level, but was unable to stabilize below it, fluctuating around 148.70, waiting for the price to be stimulated to complete the formation of the double top pattern and then resume the expected downward trend in the intraday term, whose next main target is located at 147.87 and 147.59.
From here, our expectations for the downward trend will remain valid and effective, recalling the importance of stability below 149.24 for the expected decline to continue.
The expect range trading for today it will between resistance line 149.24 and support line 148.35 .
Additionally ,Today News will affect the market .
support line : 148.35 , 147.87
resistance line : 148.89 , 149.24
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Usdjpyshort
82% of retail investors hold short positions.Resistance Level 2: 150.00
Resistance level 1: 149.00
Spot price: 148.46
Support bit 1: 147.80
Support bit 2: 147.00
On Monday (October 9), the U.S. dollar fell 0.57% against the Japanese yen to 148.49. As the situation in the Middle East panics the market, the Japanese yen, a traditional safe-haven currency, has been favored in cross trading, which has also indirectly increased its direct quotation against the US dollar. In addition, although the U.S. non-farm payrolls data is strong, it is not enough to change expectations that the Federal Reserve will keep interest rates unchanged in November. Therefore, investors seem to be starting to find excuses to ease the pressure on the yen. USD/JPY is likely to see an adjustment downward trend under profit-making selling pressure. On the daily chart, the signs of top divergence seem to be gradually confirmed, the price line has also begun to fall below the middle track of the Bollinger Bands channel, and the technical indicators are trending downward. Pay close attention to the support of 147.50 below. If it falls below, be careful that the adjustment downward momentum may drag USD/JPY to a lower level.
❗ USDJPY: Unimaginable Highs ⚡Crazy right?!😲 Who would have thought we would be back trading at the 1998 highs? Well, here we are.
Sooooo what is the game plan now?
Ideally, we need to figure out a zone to sell from! 👇
So let's figure that out together:
Where is everyone trying to sell from currently?
⚡ The supply zone we are currently trading in.
Where will everyone's stop losses be if they are selling now in this supply zone?
⚡ Above the high.
So where can we expect liquidity and stop loss hunting?
⚡ Above the high.
Great! Now wait for the liquidity grab and begin your search for possible sells once that is complete.
Happy trading folks!! 😀😁😆
Will USDJPY will break downside soon?USDJPY is one of the popular Forex-Pair for trading. USDJPY is showing near term bearishness.
as we are seeing that it's trading on it's all time high also has been rejected once with high volume volatility. once break we will be having a nice approx R:R :: 1:3 trade.
Near future i am expecting a bearish market once it break to downside.
all levels are marked on the chart.
Reason :
In rising wedge pattern which is mostly bearish.
once break to downside Price < VWAP.
RSI is already in 40-60 means mostly sideways.
if it breaks will be a breakout of 2 month consolidation in Rising wedge.
Verdict :
Bearishness is expected in upcoming week.
Plan of action:
Go short on Break downside.
Is it safe to set sell orders at 150.000 for USD/JPY now? Did the BoJ secretly intervene in USD/JPY on Tuesday? And is there more to come? For now, Bank of Japan officials have avoided explicitly stating whether they had stepped into the market to strengthen the yen. After the USD/JPY crossed 150.000 (its weakest levels in a year), a huge candle appeared on Tuesday touching as low as 147.300 before closing at 149.100.
The Bank of Japan's data apparently showed that it did not intervene (its current account balance was within the estimated range). So, if it wasn’t a BoJ intervention, what was it? A self-fulfilling prophecy? Maybe both? It’s all a bit murky. Even former BOJ official Hideo Kumano said that Tuesday's move showed all the hallmarks of intervention.
Of course, if it was the BoJ, they would be willing to do it again if needed as they have stated many times (although the officials like to phrase it as combating excess volatility rather than combatting a weakening yen). Tuesday intervention could have just been a warning shot to those looking to bet against the yen, with more drastic action from the BoJ locked and loaded.
The BoJ last officially intervened in the currency markets in September and October last year, when the USD/JPY hit a 32-year low of 151.940. At that time, intervention was able to push the pair down to 146.000. Which begs the question; what could be some possible targets this year? Well, the aforementioned wick’s low of 147.300 is an obvious target, with 147.000 just below it. But, like the wider context, targets become a little murkier after these levels. Last year's pivot points at 145.700 and 145.500 might come into play.
USDJPY Top-down analysis Hello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY 4H suffers sudden lossesUSDJPY
stabilizing above 149.44 will support rising to touch 149.62 then 150.08 then 150.60
stabilizing under 149.05 will support falling to touch 148.41 and then 147.85
The expected trading range for today is between support 147.58 and Resistance 149.62
Pivot Price:149.05
Resistance prices: 149.62 & 150.08 & 150.60
Support prices: 148.41& 147.85 & 147.05
The general trend expected for today: Bullish
timeframe:4H
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 Analysis. Swing trade Signal!!Hello Everyone i want share my idea about USDJPY Pair.
After big fall of JPY Index i think it found some strong buyer, what i am looking price was coming so strong downside and it came back for retest, i think this fall will continue, also this price reaction was at weekly resistance after buyside liquidity.
i think JPY still bearish but after some big, long and strong fall it found buyer and my mission is catch this movement.
Open short position - 149.200
Stop loss - 150.800
Take Profit - N/A ( I will follow trend with trail stop)
Good luck everyone!!! Always manage your risk and make your own research!!!
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!
USDJPY NEXT POTENTIAL MOVEAll of fx traders for sure have witnessed how long usd rallies vs jpy. Fed keeps raising interest rate and BOJ on their mode to keep ultra soft policy.
As there’s saying there’s nothing permanent.
Personally I look forward to the huge downside move of this pair. Currently it is running on 149 level. I’m not interested in buy as sell provides better risk:reward.
The invalidation level is 2022 high 151.944.
Anyone shares the similar view?
May be pips be with u Guys.
Trade with care.
Risk management is everything.
USDJPY 4H (Pivot Price:149.44)
USDJPY
stabilizing above 149.44 will support rising to touch 149.95 then 150.29 then 150.60
stabilizing under 149.05 will support falling to touch 148.73 and then 148.39
Pivot Price:149.44
Resistance prices: 149.95 & 150.29 & 150.60
Support prices: 148.73& 148.39& 147.94
timeframe:4H
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 highest height Analysis ↗️ ↘️Hello Everyone 🙋🏽♂️
As we could see at the end of the descending channel,
we had a highest height breakout after that we have 2 scenarios after the price will bounce that zone or we could see double bottom before a bearish market will start or the price will break the zone 152 and a bull market will continue .
my most forecasting scenario is the double top with a descending channel
I will share with you everything new.
We are not responsible of any losses for anyone, our trades are profitable more for long terms and we take losses as everyone,
manage your lot size as well and your SL and TP
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Best Regard / EMA Trading .
Disclaimer:
----------------
It's not a financial advise, As everyone we take losses sometime but for long term trading we are profitable traders, so manage your account well with SL and TP and your lot size to keep your account safe and stay in the market .
USDJPY I Weekly Forecast & Technical OverviewWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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USDJPY 4H (Pivot Price:149.05)USDJPY
stabilizing above 149.05 will support rising to touch 149.62 then 150.08 then 150.60
stabilizing under 149.05will support falling to touch 148.41 and then 147.85
Pivot Price:149.05
Resistance prices: 149.62 & 150.08 & 150.60
Support prices: 148.41& 147.85 & 147.05
timeframe:4H
USDJPY 1D OUTLOOK USDJPY
Analyze
If a price can stable above 148.73 the direction will be uptrend again to reach 150.28 , 152.03 , 153.89
For any reason if the price backs off and stable under 148.73 , the price will try to reach 147.62 If can break it then will reach 146.19 and 1143.45
Support line:147.62,146.19 ,143.45
resistance line: 150.28,152.03 ,153.89
usd jpy good retest to buyHello, according to my analysis of USDJPY, there is a very good buying opportunity. We now notice a retest of the strong support at 137500. With a very positive green candle on the daily chart. The 200 moving average is also in the same area. This is evidence of the power of buyers at this level. good luck for everbody