USDJPY SELL BOJ INTRESET RATES AHEAD!!!HELLO TRADERS
I am looking USDJPY chart and its now consolidation & trading in a channel. as we know tomorrow is BANK OF JAPAN interest rates coming out and I hope so it will be good for JPY even they are same as in forecast maybe it can be surprising expected the BOJ to end its negative rate policy, which has set Japan's short-term deposit rate to minus 0.1% over the past seven years, Governor Kazuo Ueda told a newspaper interview earlier this month the BOJ might get enough data by year-end to judge whether it could end negative rates, prompting traders to buy the yen to hedge against a possible earlier-than-expected rate hike.
While it has bounced back in the last couple of trading sessions due to some “bargain hunting” amid oversold conditions, the downside may not be done just yet.
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Usdjpysignal
USDJPY,🔴Sell opportunity🔴The price had a bearish reaction after collecting the liquidity above the previous daily high.
In addition, the price created the liquidity pool formed equal highs below the supply zone.
So we can expect the price rise to collect the liquidity and have a bearish reaction to our supply zone.
Please pay attention; we need a lower time frame confirmation for entry.
💡Wait for the update!
🗓️29/01/2024
🔎 DYOR
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USDJPY: The 10-year Japanese government bond yield could reach 2CEO of asset management fund Eurizon SLJ Capital, Mr. Stephen Jen, said that the USDJPY exchange rate could fall to 1 USD for 130 Yen by the end of this year, while the yield on Japanese government bonds with a term of 10 year is likely to increase by 1.5% - 2%. USDJPY traded around 148.10 and the 10-year bond yield was at 0.71% on January 29.
According to Stephen Jen, the father of the Laughing Dollar theory, Governor Kazuo Ueda's focus in the near future is to reset monetary policy "to allow the BoJ to act without bursting the government bond bubble (JGB )”.
DeGRAM | USDJPY break and retestUSDJPY moved above the descending channel, creating the AB=CD pattern.
It broke and closed above the channel. Now it has pulled back to the 38.2% fibo retracement level.
The market created a buy opportunity at the support level: break and retest.
We expect a completion of the AB=CD. Breakout, pullback, and continuation trade.
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GBPJPY and 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 and GBPJPY 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.
Currency to watch this week: Japanese Yen The three big events of this week will likely be the BoJ, BoC, and ECB interest rate decisions.
Even though we aren't expecting to see any rate cuts or rate rises from any bank, we are looking forward to the guidance that each will present alongside their respective decisions. The guidance might be enough to move the yen, Canadian dollar, or euro.
The USD/JPY might be the one to watch the closest this week though. In particular, we like watching the tussle in the pair as it approaches 150.000 with bulls having to become a little sheepish as they anticipate BoJ intervention around this level. Is the threat of intervention sometimes more than enough to convince bulls not to take on any more long positions?
Coincidently, Japan’s finance minister Shun'ichi Suzuki gave a verbal warning last Friday saying that the government was watching currency moves carefully.
Working against the yen is that BoJ guidance at the time of its interest rate decision will likely be as dovish as always, considering last week's domestic inflation data (falling to 2.6% in December 2023 from 2.8% in the prior month). Which is why you might anticipate more upside in the USDJPY. Although anything is possible. The Bank of Japan has shocked markets before.
USD/JPY: Retests to kill momentum? USD/JPY: Retests to kill momentum?
The USD/JPY experienced a notable surge from 144.50 as the week commenced, surpassing the 61.8% retracement level from the November-December downturn. It breached its 100-day MA, demonstrating a one-way move that resulted in a gain of 400 pips. Since the beginning of the year, the yen has incurred a loss exceeding 4%.
Presently, the currency pair stands at a six-week high, propelled by a rally in the dollar following comments from Federal Reserve Governor Christopher Waller. His remarks tempered expectations of a rate cut in March.
The immediate obstacle to further upward movement lies in a retest of 149.700, followed by the crucial threshold of 150.00.
Today's release of consumer inflation data from Japan is anticipated to provide additional indications of easing price pressures and will be crucial in determining how well the pair performs against the noted resistance levels that are in its sights, or how well the 100-day MA holds up as a level of support.
USDJPY SELL | Setup Trading AnalysisHello Traders, here is the full analysis.
Short after the BULL RUN. GOOD LUCK! Great SELL opportunity USDJPY
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USDJPY can go UP from 🟢Support zone🟢➡️RR=2.45🏃♂️ USDJPY is moving near the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢.
🌊According to Elliott's wave theory , USDJPY has successfully completed wave A in the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴.
🌊The structure of corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect wave B to end at the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢, and USDJPY will trend higher again and at least GO UP to the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴again.
👑 Position :
USDJPY
Position : Long
Entry Point : 143.429 JPY (Limit Order)
Stop Loss : 142.440 JPY
Take Profits : 4145.852 JPY// 144.414 JPY(RR=1.00)
Risk-To-Reward : 2.45
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
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DeGRAM | USDJPY confluence levelUSDJPY has reached a confluence level where: resistance, fibo cluster, and harmonic pattern.
Price action is testing a major resistance where the price made a sharp move down.
A false break is going to be an ideal signal to short the market at the confluence level.
We anticipate a bearish move and a test of the descending channel.
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USDJPY Long/Buy SignalUSDJPY has respected the trend for so long since last year March 08 2022. Bullish trend does not seem to want to end as it has been tested three times the support trend and now its in a reversal towards 150.796 respectfully going the way the trend looks like it will go to. Below is the following entry, TP, and SL inputs. Please enter with proper risk management and do not overleverage on any trades. If you have more questions or concerns about this or any trade signal I have posted please look at the signature below and message me! Thank you.
USDJPY → Caught in a Bear Trend! About to Reverse? Let's look.USDJPY has been falling in a bear trend since it's double top at last years high of 152.000. We saw a great bull response candle on December 7th and the close of a slightly lower low on December 13th. We may have had the first leg up in a bull reversal, but do we have the data to support it?
How do we trade this? 🤔
Short answer, no. We need confirmation that we've hit a strong support zone and we do have *some* data to support that. December 7th, good wick on the underside of a buy candle followed by a run up, end of the second leg down. December 13th, slightly lower low but a strong bull run to the upside late in the week, end of the third leg down. This means we need to be looking for strong support since we're starting to get strong support signals.
What we need is a double bottom in the 141.000-141.200 area. A strong buy signal bar and confirmation to provide us with enough probability to enter a long trade. It's reasonable to scalp at a 1:1 Risk/Reward Ratio with hesitancy that this is truly a reversal or even a trading range. We can scalp for now and wait for a third test of support to give us even more probability for a swing trade at a 1:2 or 1:3 Risk/Reward. Stop loss should be below the double bottom and take profit should be near the previous support, now resistance.
Until then, it's wise to wait for that support to reveal itself or the alternative, we break down for another 4th leg. At this time, we assess the chart and look for entries again.
💡 Trade Ideas 💡
Long Entry: 142.600
🟥 Stop Loss: 140.500
✅ Take Profit: 144.700
⚖️ Risk/Reward Ratio: 1:1
🔑 Key Takeaways 🔑
1. Strong Bull Response Candle followed by slightly lower low, third leg down.
2. Strong Bull candles at the end of the last run up, first leg up in Bull reversal?
3. Pulling back to previous low, look for Double Bottom or Breakdown to new Low.
4. If Double Bottom, look to Long 1:1 scalp half position size, may swing other half.
5. RSI at 45.00 and above Moving Average. Reversal Trade Opportunity, Wait for Confirmation.
💰 Trading Tip 💰
Trends typically have three legs in either direction. Signals of a reversal include strong buy or sell bars with large wicks, higher highs and lower lows get weaker, and responses to the reverse direction get stronger. Confirmation lies with double and triple bottoms with a strong candle closing on or near its low/high.
⚠️ Risk Warning! ⚠️
Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk!
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USDJPY Looking BearishIf you anticipate a bearish trend in USDJPY and decide to sell, it's crucial to ensure that your decision is in line with your overall trading strategy. Evaluate the risk-reward ratios carefully and establish suitable stop-loss levels to mitigate potential losses.
When considering increasing your position size, exercise caution to effectively manage potential risks. Stay well-informed about market developments and be prepared to adapt your trading strategy as necessary in response to changing conditions. It's essential to remain vigilant and proactive in monitoring the market to make informed decisions and protect your investments.
Usd jpy sellHello, according to my analysis of USDJPY. It exists in a very negative state. The price broke the ascending channel, with the formation of a descending channel as shown in the analysis: All these factors confirm the sellers’ control over the market. More declines in the coming days. Good luck to everyone
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.
#USDJPY: Still bull have the control! Dear traders,
with usdjpy we expect price to rise continuously moving forward due to two main reason, firstly we think buyers presence in the market is significate and this was just a small short of retracement. Secondly, there are many majors news that will have huge impact on DXY moving forward. About entries, there are two areas of entries first is where price from the current trading price rise from this moment. Second, is where price can drop around 144-143 region and bounce from that point.