Get started

Usdjpyshort

USD/JPY:SELL From Resistance Areas For a SHORT SetupUSD/JPY in the last night The National Consumer Price Index, released by the Statistics Bureau released a positive output for the price movements of the retail prices of a representative shopping basket of goods and services. The JPY has reacted with a strong bullish impulse from the bottom of 127.500 but, the price is still inside a bearish main trend where today or in the next session we can have a retracement of the market or in the direction of the primary trend or eventually the breakout of the dynamic trendline and Resistance areas may give to the JPY a change of the trend.
Short
by FOREXN1
6
USDJPY Long Term Predictions (4H Chart)Technical Analysis Summary ETH/USDT TREND ANALYSIS We have 1 Downtrend in red color (Long Term). We have 1 Uptrend in green color Internal Trend (Short Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice Exercise Proper Risk Management
by husseindergham
USDJPY - Daily Trade Idea - 20-Jan-23USDJPY (SHORT)- If all the resistance holds in place. If we see the Resistance broken out then we could see the shift in the trend. I marked the TP 1 (20 pips), TP 2 (50 pips) , TP 3 (100 pips) and EXIT (SL - 60 pips) on the chart. (THIS IDEAS VALID NEXT 24 HOURS) Please note this is only the Trade Idea base on S & R and not a signal, the market can react differently during the session due to News Impact and only enter if we have the final confirmation for entry. - Rejection Candle Formation - Red Candle after the Green Candle. - Stochastic - Overbought Area - Timing of entry Prior / during UK / US Market Session.
Short
by onelinkFX
BOJ surprise may create wild yen swing The Bank of Japan is wrapping up its two-day policy meeting today, and the decision it announces at the conclusion could have huge ramification for Japanese markets and the yen. There is currently intense speculation that the bank may shift from its current path of ultra-loose policy, or at least offer some guidance concerning future moves. Let's look at the technical situation of the USD/JPY to see what possible move lies ahead. The trend for USD/JPY has now switched to a downtrend after last year’s bullish run up. The price is also well below the 200-EMA period, which may imply that we are now in a long-term downtrend. Although, support appears to be building around 127.80. This may be because the market is not entirely sure that the BOJ will signal any change in policy today and risk rocking the economic boat again, like it did after its last meeting. The Smart Money Concepts Indicator shows a ‘Break Of Structure’ or BOS, which is marked in the chart, indicating that the support at 127.80 may have been a lower low. The bullish move may also be considered a retest to the BOS and may reject this area. With the current downtrend for the USD/JPY in mind, the traders may like to look for a break and close below 126.70, which is strong support for the USD/JPY to continue moving down. Depending on the BOJ announcement, price targets from 124.00 to 121.50 could come into play. However, a ‘Change of Character’ or CHoCH signal coming from the SMC indicator might result from a dovish BOJ press conference. The CHoCH should be printed on the chart first before considering a trend switch to the upside. The marked-up supply zone by the SMC indicator can be used as a target point if one is considering a buy once we get a rejection at around 126.70.
by BlackBull_Markets
USDJPY snipper entry!!Currency Pair : USDJPY Possible direction : Bearish Technical Analysis : Long term down trend with multiple timeframe bearish price market structure. Previous session has formed a strong bearish price action with strong liquidity grab followed by long wick doji just below the resistance level. Possible trade recommendation : Bearish as per chart sketch Press like button if you enjoy. Risk Disclaimer: Trading foreign exchange on margin carries a high level of risk, and is not suitable for all investors. Past performance is not indicative of future results. The high degree of leverage is dangerous and can work against you as well as for you. Before deciding to invest in foreign exchange or any market you should carefully consider your investment goals, level of experience, and risk tolerance. It is EXTREMELY LIKELY that you will sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses. Past performance is not indicative of future results. Individual results vary and no representation is made that clients will or are likely to achieve profits or incur losses comparable to those that may be shown. You acknowledge and agree that no promise or guarantee of success or profitability has been made between you, and Forex Trading Wizard. Do your own research and talk to a professional financial planner in order to be aware of all the risks associated with foreign exchange trading and investing and seek advice from an independent financial advisor before risking any capital.
Short
by ForexWizard01