USDJPYWe can attempt to buy USDJPY from specified level as it make HL , also 0.782 FIB level intact indicate that it moves upward.
SL , TP mention in chart.
USDJPY trade ideas
¥155 remains an important hurdle for the dollarCompared to several other major pairs in recent days, dollar-yen’s next direction seems a lot less clear. The Japanese government is likely to monitor the possible impact of Donald Trump’s election on Japan’s economy but, for the moment, it seems to be less negative compared to the EU.
Losses since 7 November haven’t been accompanied by very high volume of selling, which would usually suggest profit-taking rather than the start of a new downtrend or sideways trend. There’s also no longer any indication of overbought based on either the slow stochastic or Bollinger Bands. A close above ¥155 could be a reliable signal that the uptrend will continue, but that depends on American inflation on 13 November, news from Japan and overall sentiment.
The 50 SMA from Bands is in the process of golden crossing the 100 SMA around the 38.2% weekly Fibonacci retracement, so ¥148.20 is likely to be a strong support in the event of a fairly deep retracement. Equally, the 20 SMA has been an active dynamic support in recent days. A move back to the area of the 50% Fibo, the main technical reference in August-September, seems very unfavourable for now.
This is my personal opinion which does not represent the opinion of Exness.
Will we see intervention and the propping of Yens?We have seen various instances of Japanese Govt intervention and the propping up of a weak Yen.
The Yen tends to get to seriously weak points like this as a result of their MP stance (low rates, high exports). The FED rate still sits much higher, as do most major economies.
Japan benefits from a weaker currency until it gets too weak. If we see any further rises, we may see such falls as eluded to by Finance Minister Kato earlier today.
After the assumption that FED may ease more slowly, USD strength still has a case.
Looking for re-shorts on higher fib levels back towards previous highs. Any real price rise (especially if its quick) is likely to warrant further Intervention.
Any serious intervention may cause rapid falls on Yen crosses, so a short side bias will be taken but only in proportion to equity/risk at all times.
Awaiting further sentiment.
USD/ JPY ! 11/8 ! oversold , support , BUY nowUSDJPY trend forecast November 8, 2024
The Japanese Yen (JPY) struggles to gain traction on Friday, fluctuating with minor gains and losses against the US Dollar (USD) as the European session nears. Support for the JPY comes from recent comments by Japanese authorities, though concerns about the Bank of Japan's (BoJ) capacity for further rate hikes limit its upward momentum.
Meanwhile, optimism around Trump’s growth and inflation policies largely overshadows the Fed’s dovish outlook, boosting US Treasury yields, which in turn weighs on the lower-yielding JPY. Additionally, renewed USD buying helps restrict any significant downside for the USD/JPY pair.
Trump as president with more strict foreign policies, mainly helps the dollar stronger. This will help USD/xxx currency pairs to increase in value.
/// BUY USD/JPY : zone 152.300 - 152.100
SL: 151.700
TP: 40 - 100 - 200 pips (154.100)
Safe and profitable trading
USDJPY Long after retracement to FIB level.After a short holiday and the fuss of the US elections and the FED decision I started looking for positions. I just entered at market buying the USDJPY at 152.68 SL 151.50 and TP 155.50.
There was an impulse wave breaking to the upside and has retraced back down to the 0.618 fibonacci level probably due to intervention comments from the BoJ
The Market seems to favour the Trump victory and this has supported the USD and stocks hence this trade idea.
P.S. I shall decide later today whether to hold this trade open over the weekend.
P.P.S. China all be releasing data over the weekend so be aware if you are trading AUD or NZD.
US $ YEN CARRY TRADE BREAK DOWN NEARThe chart is my view of what is next for the Liquidity market or should I say the breakdown !!!This is the reason I see the SP 500 breakdown about to be seen << Best of trades WAVETIMER
UJ to continue its trendAfter london sesh pullback, NY traders joined to continue making UJ trend red
DXY ran its course to the upper std and due for pullback
trade synchronize with EU
etc
What yall think?
Long UJYen to retrace its gain from start of day from London and NY sesh
DXY on support and bounced
1hr stoch rsi regular divergence (price LL oscillator HL) -> bullish reversal
DXY in bollinger band squeeze and retested low first, potential rally for upcoming sesh
Fake breakout of vwap upper band from previous daily swing low, if it does fall to retest can act as support.
Idea aligned with the bullish PA seen from USDCAD
Extra:
liquidity sweep
failed three black crow formation (third one lost huge momentum)
trapped sellers -> fake out followed by three white soldiers formation
with a momentum filled break of previous wick highs
etc
What do you think?
Japan’s consumer spending slips, yen extends gainsThe Japanese yen has posted gains on Friday. In the European session, USD/JPY is trading at 152.38, down 0.36% on the day. The yen has taken traders on a roller-coaster ride this week, plunging 2% on Wednesday and rebounding on Thursday with a 1.1% gain.
Japan’s household spending fell by 1.1% y/y in September, following a 1.9% drop in August. This was better than the market estimate of -2.1%. Household spending has declined in 10 of the past 12 months, as consumer confidence fell in October and inflation is relatively high. On a monthly basis, household spending decreased 1.3%, after a strong 2% gain in August. This beat the market estimate of 0.7%.
The weak yen is also weighing on consumers, who are being squeezed as their purchasing power has fallen. The yen fell to three-month lows this week against the dollar and if the downswing continues, the Bank of Japan will be under pressure to respond with a rate hike.
Although consumers are holding tight on the purse strings, wages have been rising and the BoJ is hopeful that will translate into increased consumer spending and demand-driven inflation. Consumer spending makes up more than half of the economy and BoJ is unlikely to make further rate hikes until it sees stronger consumer spending. The markets don’t expect a rate hike until early 2025.
The Federal Reserve didn’t surprise anyone with a 25-basis point rate cut on Wednesday. This is the second cut in the easing cycle after an oversized 50-bp chop in September. The vote was unanimous and unlike the Bank of Japan, the Fed has been transparent and telegraphed its plan to cut rates ahead of the meeting. The Fed is expected to continue cutting rates in the coming meeting and will be keeping a close eye on inflation and employment reports.
USD/JPY faces resistance at 153.44 and 154.17
152.16 and 151.43 are the next support levels
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid !!USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Fundamental Shifts 08/11/2024
Introduction
In today's analysis of USDJPY, the pair appears to carry a slight bearish bias, driven by significant macroeconomic factors. These include recent economic data from Japan, U.S. dollar movements, and evolving global risk sentiment. In this article, we’ll explore the critical factors affecting USDJPY today, helping you stay ahead in your trading decisions.
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Key Drivers Influencing USDJPY Today
1. Bank of Japan (BoJ) Policy Stance
The Bank of Japan has maintained its ultra-loose monetary policy, but recent statements hint at a gradual shift if inflation stabilizes around target levels. Markets are speculating on potential policy adjustments, increasing support for the Japanese yen (JPY). Any tightening signals from the BoJ would strengthen the JPY, adding bearish pressure to USDJPY.
2. U.S. Federal Reserve’s Caution on Rate Hikes
The Federal Reserve’s recent statements show a cautious stance on further interest rate hikes due to mixed economic data and inflation uncertainties. This dovish outlook has weakened the U.S. dollar (USD) across major currency pairs. A softer USD supports a bearish bias for USDJPY, especially as U.S. bond yields decline, making the JPY more appealing.
3. Global Risk Sentiment Impacting Safe-Haven Flows
The JPY is considered a safe-haven currency and often gains during periods of market uncertainty. With mixed global economic indicators and recent geopolitical tensions, investors may lean towards the JPY, contributing to USDJPY’s bearish potential.
4. Technical Factors Supporting a Bearish Bias
USDJPY recently tested key resistance levels and failed to break higher, adding to the bearish sentiment. The pair is also trading close to its 50-day moving average, a significant level that, if broken, could signal further downward movement.
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Technical Analysis Indicators Supporting a Bearish Outlook
Moving Averages and RSI
USDJPY is hovering near its 50-day moving average, a critical support level. A sustained break below this line may confirm a bearish trend. Additionally, the RSI (Relative Strength Index) is showing early signs of downward momentum, signaling potential selling pressure ahead.
MACD and Volume Analysis
The MACD (Moving Average Convergence Divergence) indicator is showing bearish divergence, reinforcing the expectation of a bearish trend for USDJPY. Volume analysis also shows a decline in buying pressure, aligning with the anticipated downward movement.
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Conclusion
The combination of a cautious Fed, potential policy changes from the BoJ, and current risk sentiment suggests a slight bearish bias for USDJPY today. Traders should keep an eye on key technical levels and monitor any news impacting the USD and JPY for further confirmation.
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USDJPY rises sharply, supported by rising channel !USDJPY is showing significant upside momentum today, trading firmly within a well-defined bullish channel on the 4-hour chart and currently trading at 153.89. This bullish move reflects a stronger USD influence, fueled by recent events surrounding former President Donald Trump.
Despite the steady push from technical factors, USDJPY may face resistance near 154.00. This area may act as a short-term hurdle, as the pair’s upside momentum may slow down once it reaches this level. A minor pullback within the channel is expected, which would help confirm the ongoing trend. This pullback could take USDJPY down to the support zone around 153.000, testing both the 34 and 89 EMAs for further strength.
If the pullback is successful, USDJPY is expected to continue its upward trajectory, heading towards the upper boundary of the channel. The next important resistance zone lies above 156,000, which aligns with the top of the channel, representing a crucial level to watch for further gains.
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving UP.
The chart broke through the dynamic resistance, which now acts as support.
We expect a decline in the channel after testing the current level.
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Potential bullish bounce off 50% Fibonacci support?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance level.
Pivot: 152.49
1st Support: 151.57
1st Resistance: 153.74
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Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that is slightly below the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 152.38
Why we like it:
There is a pullback support level that is slightly below the 61.8% Fibonacci retracement.
Stop loss: 151.57
Why we like it:
There is a pullback support.
Take profit: 153.76
Why we like it:
There is a pullback resistance level.
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Usd/jpy mmbm have .Leverage your model setups to execute buy trades effectively in this market.
The current market dynamics suggest a promising upside potential, completing the market maker buy model with a favorable risk-to-reward ratio. Utilizing these models, traders can align their strategies with institutional behavior, anticipating price movements with greater accuracy and confidence.
Credit to MMXM Trader and Inner Circle Trader for their foundational insights into market maker models, enabling traders to harness the strategies employed by high-volume participants. The application of these methods within today’s market offers an advantageous edge for those seeking precision in their entries and exits.
USDJPY_108 2024.11.08 04:58:04 Trading Signal SELLFrankPro Signal for USDJPY_108
Type: Screen
Signal: SELL
TP: 152.5545
SL: 152.803
Entry Price: 152.732
Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST= Probably Up LT= Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Up LT=Up
ST=Up LT=Up
ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here are my predictions for the USD/JPY pair:
**Short-term (next few days/week):**
* The pair is expected to test the support area near 151.85 before potentially rebounding and continuing its growth.
* The current retracement from recent highs is seen as a minor correction, and the pair is likely to resume its upward trend.
* The support levels at 150.78 and 149.77 are expected to hold, and the pair is likely to bounce back from these levels.
* **Prediction:** The price is expected to go **UP** in the short-term, with a potential target above 159.65.
**Long-term (next few weeks/months):**
* The bullish channel and moving averages indicate a long-term bullish trend.
* Trump's policies are expected to support the US dollar and put pressure on the yen, which could lead to further gains for the USD/JPY pair.
* The Bank of Japan's potential end to its negative interest rate policy in 2024 could also support the yen, but this is not expected to happen until early 2025.
* **Prediction:** The price is expected to go **UP** in the long-term, with a potential target above 159.65 and possibly even higher.
**Note:** The predictions are based on the analysis provided and are subject to change based on new market developments and data releases.
Result: ST=Up LT=Up
Analysis Method(1)
Based on the provided analysis, here are my predictions for the USD/JPY currency pair:
**Short-term (next few days to a week):**
The price is expected to **go up**. The analysis suggests that the USD/JPY pair will continue its upward trend, with forecasts indicating a potential test of the support area near 151.85 before rebounding and continuing growth towards the area above 159.65. The pair has already pushed past several resistance levels, and a breakout of the resistance level and consolidation above 155.05 would confirm the price rise.
**Long-term (next few weeks to months):**
The price is expected to **go up** as well. The analysis highlights several factors that support a strong upward trend for the USD/JPY pair, including the US presidential election outcome, expectations of more cautious Federal Reserve rate cuts, and the potential for rate hikes by the Bank of Japan. Additionally, the technical analysis suggests that the pair is likely to continue its growth towards the area above 159.65.
Overall, both short-term and long-term analyses suggest that the USD/JPY pair is likely to experience an upward trend, driven by a combination of economic and political factors.
Result: ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term:
**Short-term (next few days to a week):**
* The pair has backed off from its recent highs and is expected to test the support area near 151.85.
* A potential upward rebound and continued growth to the area above 159.65 is forecasted.
* However, if the pair falls and breaks through the 150.25 level, it would indicate a breakout of the support area and a continued decline.
* Given the mixed market sentiment and the US Dollar's rally halt, I expect the price to **stay the same** or experience a **slight decline** in the short-term, potentially testing the 151.85 support level.
**Long-term (next few weeks to months):**
* The outcome of the US presidential election and Donald Trump's policies are expected to lead to higher inflation and interest rates, supporting the US Dollar.
* Japan's National core CPI acceleration and potential changes to the Bank of Japan's negative interest rate policy could impact the yen's value.
* The technical analysis suggests a potential upward rebound and continued growth to the area above 159.65.
* Considering these factors, I expect the price to **go up** in the long-term, potentially breaking through the resistance level and consolidating above 155.05.
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events emerge.
Result: ST=Down LT=Up
USDJPY H4 | Bullish Bounce Based on the H4 chart analysis, we can see that the price has just bounced off our buy entry at 152.48, which is a pullback support close to 61.8% Fibo retracement.
Our take profit will be at 153.84, which is a pullback resistance level.
The stop loss will be placed at 151.59, which is a multi-swing low support level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd.
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USDJPY 4hr LongUSDJPY
✅ 4hr Long ✅
💰ENTRY: 153.096
👎STOP LOSS: 152.692
TP TARGETS
⏰TP1
⏰TP2
⏰TP3
✅1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50,200 EMAs.
✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs.
✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA.
✅ 4. Price has made a Swing Low Engulfing candle above the 50ema.
This is a great example of my systematic system.
USDJPY SELL ANALYSIS RISING WEDGE PATTERN Here on Usdjpy has form a rising wedge pattern and now try to fall so if line 151.916 break then there is a chance of moving down more and trader should go for SHORT with expected profit target of 147.834 and 142.730 . Use money management
USDJPY: Ready for another 1500 pip move? Presidential election in the US, which was one of the most important political events this year, moved the stock market to significant highs, historically speaking. The new rally could weaken the dollar. On the Japanese side of things, the new bullish move might be starting soon. Now that we got the retracement back to our weekly area of interest, its time to start looking for short entries. Our area of interest consists of Fibonacci and VWAP levels.
This analysis is taught and provided by Fractals Trading.
Trade safely and expect the unexpected,
Mei
USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 152.700 zone, USDJPY was trading in a downtrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 152.700 support and resistance area.
Trade safe, Joe.
USDJPY Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 151.300 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 151.300 support and resistance area.
Trade safe, Joe.
USDJPY Next possible moveWe are waiting for our asset to reach our action zone, and based on the reaction, we’ll decide on our next moves.ALWAYS WAIT FOR A CONFIRMATION TO SEE IF THE PRICE VALIDATES THE ZONE.
