Usdjpyshort
USDJPY - Short after filling the imbalance ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As we can see here we are in a bearish market structure, so I am looking for shorts. I expect price to continue the retracement as on MACD we have normal divergence which indicates bullish price action. As well I see price to fulfill the imbalance higher and then to reject from bearish order block for a short position.
Fundamental analysis: Tomorrow we have news events on USD. Federal Reserve of USA planned to raise interest rate by 0.25%, also we have FOMC Press Conference the same day. The raise of interest rate means strength of currency this could support our bearish price action.
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UPDATE: USDJPY looking great for downside to 126.48 - SMC updateRising Flag formed on USDJPY
The price broke down and showed further drop to come.
We also had peripherals confirming.
200>21>7 - Bearish
RSI<50
Target 126.48
With SMC (Smart Money Concept)
First when the price broke below the Rising Flag it also made a Change Of Character (CHoCH). This just means, it broke the uptrend and into a downtrend, which confirmed.
In terms of looking for supports (Level of Liquidity), we can look at previous levels.
Which you can see where the target is a LOL and Sell Side Liquidity order block.
I'm happy to keep holding short for now.
USDJPYHi
USDJPY has been examined in different dimensions:
1- Strong supply and demand levels that I identify with my own indicator and system.
2- The structure of recently formed waves
3- Current market momentum
4- The structure of classical and price patterns
In this idea, I identified the direction of the market in different ways and in the second step, I analyzed the potential of continuation or reversal. Usually, paying attention to the trend and strength of the trend can greatly increase the accuracy of the analysis.
In general, I tried to describe the continuation of the movement in the simplest possible way in the diagram.
⚠️ Disclaimer:
This is a personal opinion and you are responsible for any trading decisions.
JPY Pairs 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: GO SHORTSELL USDJPY
ENTRY: 132.25-132.30
STOP LOSS: 134.26
TAKE PROFIT: 126.82
The JPY has been one of the main beneficiaries so far from the loss of confidence in the health of the banking system. While policymakers have taken steps over the past week to address those concerns,
it is not yet clear that they are sufficient on their own to quickly restore investor confidence. A further run on deposits and tightening of financial conditions remains a risk that could trigger a deeper sell-off for risk assets.
As a result, it will be difficult for the Fed to strike a hawkish tone in the week ahead even though inflation remains uncomfortably high. A decision to delay further hikes until confidence returns in the banking sector could open the door to further downside for USD/JPY in the week ahead, and encourage US rate market participants to speculate that the next move could even be a cut. At the same time, the recently released results from the annual
Shunto wage negotiations in Japan could reinforce speculative demand for the JPY in the near-term. The results revealed that Japanese labour unions secured stronger wage agreements for the coming fiscal year. Overall wages are expected to increase by 3.8% and base wages by 2.07%. It is the strongest wage agreements reached since 1993 and could encourage the BoJ to shift away from looser policy in the year ahead.
SIMPLE IS BEST
USDJPY SellUSD/JPY consolidates the biggest weekly loss since January while bouncing off a five-week low to 132.50 during early Monday. In doing so, the yen pair tracks the recovery in the US Treasury bond yields to begin the key week on a firmer footing after marking a three-week losing streak in the last.
That said, the US 10-year Treasury bond yields rise six basis points (bps) to 3.49% while the two-year counterpart also adds five bps to print a 3.93% coupon at the latest. It’s worth noting that United States two-year Treasury bond yields marked the biggest weekly loss in three years while the 10-year counterpart dropped the most since early January.
USDJPY h1 main trend is still down. The price is currently in a short correction span. With this pair, traders can wait to sell down around 133.40, SL: 134.00, TP: 131.70
USDJPY Diagonal Triangle Formation Hello everyone,
UJ has previously broken structure from my previous demand zone. Seeing this we are now waiting for price to retrace back to where price broke structure. Once we see that price pulls back and is rejecting in that price point after the 4 hour candle closes, that will be the best time to enter the trade. I wish you all a great week and trading week, if you agree with my analysis please leave a: like, comment, or both.
USDJPY AnalysisWhile the price is above the support, expect the price to break the triangle and move in a downward direction, and hit around 133 or above. If it breaks the pattern we got major support around 129.600-129.800
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USDJPY top-down analysisHello 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 SellThe surge in yields and the bullish run in stocks have propelled the USDJPY upwards. The price recently peaked at 133.66, slightly above a swing area between 133.50 and 133.652, as well as the falling 100-hour moving average at 133.696. The current price is trading at 133.54. A breakthrough above the 100-hour moving average would lead traders to target the retracement level from last week's high at 134.069. For now, sellers are leaning against the resistance.
USDJPY h1 main trend is still down. After a correction at the end of yesterday, the pair is currently showing signs of continuing to decline. Recommended sell to current price 133.40, SL: 134.00, TP: 132.20
USD/JPY - Rising flag break down with target to 126.48 - SMC Rising Flag formed on USD/JPY
We then had a price break below, which signalled downside to come.
Other indicators showing downside are...
200>21>7 - Bearish
RSI<50
Target 126.48
SMC (Smart Money Concepts)
We had a Change of Character (CHoCH)
This is where the price moves to the point where there is a change in the overall trend. It creates a trend reversal.
You’ll see a CHoCH on higher time frames usually (i,e, daily).
Therefore with SMC we confirm there is downside to come.
First target is at previous levels of liquidity. Which in this case is the support (dotted line)
USDJPY H4: Bullish outlook seen, further upside above 130.80 On the H4 time frame, prices are showing bullish order flow with higher lows and higher highs seen and a throwback to the support zone at 130.80, which coincides with graphical support zone and 78.6% Fibonacci extension could present an opportunity to play the bounce to the resistance zone at 134.50. Stochastic exited the overbought region and we are seeing a bullish divergence which supports the bullish bias.
USDJPY SellThe USD/JPY pair is approaching 134.50 amid the release of the dovish Bank of Japan (BoJ) minutes for the monetary policy meeting, announced last week on March 09. The last monetary policy announcement by ex-BoJ Governor Haruhiko Kuroda lacked surprises as a continuation of an ultra-dovish policy stance was highly required to keep inflation steady near desired rates.
The commentary in BoJ minutes that the central bank will continue with Quantitative and Qualitative Monetary Easing (QQE) with Yield Curve Control, aiming to achieve the price stability target of 2 percent, as long as it is necessary for maintaining that target in a stable manner, indicates that the ultra-loose monetary policy would stay for a longer period.
USDJPY main trend is still down. Currently on the h1 chart this currency pair is in a deep correction. Recommend waiting to sell down when the price returns to 135.00, SL: 135.60, TP: 134.00
USDJPY - Short active ✅Hello traders!
‼️ This is my perspective on USDJPY.
Here we are in a bearish market structure from H4 timeframe perspective, so I am looking for shorts. I expect bearish price action from here as price rejected from bearish order block + institutional big figure 135.000.
‼️Attention!!! Due to the fact that we have news events on USD tomorrow, the analysis can be invalidated.
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