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USDJPY

USD/JPY Under Bearish Pressure, Awaiting Fed DataDuring Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570. If the price holds above this level, it could see a recovery towards the resistance at 141.007. EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively. If USD/JPY breaks above the resistance at 141.007, the next target could be 142.896. The RSI is currently at 39.74, indicating that selling pressure remains dominant.
Long
by Romio_pro
USD/JPY Falls Below 141.00 Due to Fed-BoJ Policy DivergenceUSDJPY is in a downtrend, trading around 140.908 after breaking the support level at 140.500. The EMA 34 and 89 lines indicate that selling pressure remains dominant. If the price rebounds from this support, the short-term target will be 142.307. Otherwise, if the support breaks, the price may drop to 139.175. Regarding news: USD/JPY continued to weaken below 141.00 in Friday's Asian session, driven by the policy divergence between the Fed and BoJ, which supported the Yen. Attention now shifts to U.S. sentiment data.
Short
by Romio_pro
USDJPY Faces a Downtrend with Target at 135.492The USDJPY chart is showing a strong downtrend after reaching a peak in July. Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492. The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure. In terms of news, U.S. economic factors, especially the CPI report, are having a significant impact on the USD. If inflation decreases, the USD may weaken, allowing USDJPY to continue its downtrend toward lower levels.
Short
by Romio_pro
1
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144. Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow. Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered. Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800. Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
Short
by Romio_pro
USDJPY Tests 143 USD Resistance, Sell Opportunity AheadThe market is influenced by the monetary policies of the Bank of Japan and the Fed, along with U.S. interest rate updates and global economic conditions, continuing to cause volatility for this currency pair. On the 4-hour USDJPY chart, the price is trending downwards, moving below both the EMA and SMA 20, signaling strong selling pressure. The resistance near 143 USD has been tested several times but remains unbroken, indicating strong selling forces at this level. If the price fails to break the 143 USD resistance, USDJPY is likely to continue its downward movement, heading toward the 140 USD level. This could present a potential selling opportunity if the downtrend persists.
Short
by Romio_pro
USDJPY: "Death Cross" makes sellers optimisticUSDJPY ends a four-day decline and rebounds from its lowest point in a month as traders start the US inflation week with mixed feelings, especially after a disappointing employment report on Friday. Sellers are in control Despite the brief pause to recover from an ascending support line from late December 2023, the "Death Cross" on the moving averages and a possible bearish cross on the MACD suggest that sellers remain dominant. Technical levels to watch Given that the RSI is nearly oversold and the market is adjusting its previous movements, USDJPY might continue its recent recovery towards a resistance zone from a month ago, around 143.45-60. After that, a downward-sloping resistance line from early August, near 146.60, will challenge buyers before they can take full control. If they succeed, the 50% Fibonacci retracement level from July 2023 to 2024, around 149.60, and the 200-SMA level at 151.05 could attract more buying interest. On the other hand, sellers might look for a daily close below a long-term rising support line, around 141.90. They should also watch for the late 2023 low around 140.25 and the 140.00 level, which could provide additional support before aiming for the mid-2023 low of 137.25. What next? The USDJPY pair might see a rebound as the market consolidates before the important US inflation data is released on Thursday. However, the bearish trend will continue unless the price stays below the 200-SMA.
by MTradingGlobal
USDJPY Deepens Decline: Support at 144.500, Target 143.000On the 3-hour chart, USDJPY is declining, approaching a key support level at 144.500, a level that has been tested and may react in the short term. If the price tests this support and doesn't recover strongly, it is likely to continue its downtrend with the next target at 143.000. The 89 and 34 EMAs act as resistance levels at 145.776 and 145.718, reinforcing the downward trend. RSI at 42.88, near the oversold zone, indicates the price may drop further before a slight upward correction. Investors may consider selling if the price breaks the 144.500 support, with a short-term target at 143.000. Regarding news: Inflation data from Japan and the U.S. will impact USDJPY. If Japan's inflation remains low, the Yen could weaken further.
Short
by Romio_pro
USD/JPY Rises Strongly with EMA Support and BoJ PolicyThe USD/JPY pair is currently trading around 146.716, with an upward trend supported by the trendline. The chart shows that the EMA 34 is supporting the price, while the EMA 89 provides a support zone around 146. The EMA 34 crossing above the EMA 89 signals a short-term uptrend. The RSI is at 68.04, indicating that USD/JPY is nearing overbought territory. This could lead to a short-term correction as the price approaches the resistance zone. If the price breaks through the 147.300 resistance level, the upward trend could continue strongly, with the next target possibly at 148.286 or higher. As for news: The Bank of Japan (BoJ) continues to maintain its loose monetary policy, creating a significant interest rate differential between the USD and JPY, driving this currency pair higher.
Long
by Romio_pro
USDJPY: Bears flex muscles within five-week-old triangleThe USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern. This drop reflects a shift to safer investments as traders await important economic data and deal with the return of full trading activity after a long weekend in the US and Canada. Buyers losing ground Along with the change in market sentiment, a few technical indicators suggest the USDJPY might keep falling. The Relative Strength Index (RSI) is moving out of the overbought zone, and the MACD is showing less bullish momentum. However, sellers need to see the price drop below 144.20 to gain control. Technical levels to watch The important support level is 144.20. If the price falls below this, it might continue to drop. The 100-day simple moving average (SMA) at 146.10 is another key level that limits immediate losses. Additional support levels are 144.00 and the August low of around 143.40. If the price drops further, it could target the seven-month low of 141.70 and the psychological level of 140.00. On the contrary, an upside break of the stated triangle’s top line, currently around 147.30, isn’t an open invitation to the USDJPY buyers as the 200-SMA hurdle of 148.80 acts as an extra upside filter. Also challenging the Yen pair buyers is mid-August swing high near 149.40 and the 150.00 round figure. What next? The USDJPY is likely to continue falling and might hit new lows for the year. However, the sellers need confirmation from upcoming US economic data and a break below the key support level of 144.20.
by MTradingGlobal
USD/JPY: Bearish Pressure Below 147.000 USD ResistanceThe H4 chart of USD/JPY shows the pair trading under a descending trendline with consecutively lower highs. The 34-day EMA currently sits at 145.707 USD, near the lower support level, serving as strong support if the price continues to decline. The MACD indicator shows divergence between the MACD line and the signal line, indicating weakening bullish momentum, reinforcing the likelihood of a price correction. Traders might consider selling if the price tests the resistance around 147.000 USD but fails to break through. A take-profit could be set near the 145.000 USD support with a stop-loss slightly above the previous high to minimize risk. On the news front: U.S. economic data, especially the upcoming Nonfarm Payrolls report, will significantly impact USD/JPY. Positive data could strengthen the USD, supporting the pair's bullish trend.
Short
by Romio_pro
USDJPY Adjusts, Forms New Resistance, Awaiting Signals from BOJCurrently, USDJPY is adjusting after breaking out of a downward channel, creating a new resistance zone at 145.000 and showing signs of a potential reversal. The EMA 34 and EMA 89 lines are currently above the price, acting as dynamic resistance levels and applying downward pressure. The key support zone lies around 143.500. If the price drops to this level and strong buying pressure emerges, we can expect a potential rebound from here. Traders should closely monitor price action at key support and resistance levels. Entering buy or sell positions should be based on clear price action or technical signals. On the news front: The Japanese yen stabilized on Thursday after a strong rise earlier in the week, driven by bets that the Bank of Japan will further hike interest rates this year following a series of tightening signals from BOJ officials.
by Romio_pro
1
USDJPY: Off 13-month-old support during short-term downtrendUSDJPY has bounced back from a key support level that’s been in place for 13 months but remains in a short-term downtrend. The pair faces resistance from this old support line, now turned resistance, and the 21-day moving average (SMA). USDJPY recovery appears unreal… Although USDJPY is recovering from significant trendline support of around 143.70, indicators like the RSI and MACD suggest a strong bullish trend may not be likely. Additionally, market uncertainty before upcoming Japanese economic data and the US Core PCE Price Index (a key inflation measure) adds to the uncertainty. Key technical levels to watch… USDJPY pair’s recovery appears less convincing unless it crosses the 200-SMA hurdle of 151.20. That said, the 21-SMA and the multi-month-old previous support line, respectively near 146.40 and 149.80, quickly followed by the 150.00 threshold, will challenge the buyers before giving them control. On the contrary, a daily closing beneath the 143.70 trend line support will direct the USDJPY bears toward the late 2023 bottom surrounding 140.45 and the 140.00 psychological magnet. In a case where the prices remain bearish past 140.00, an area comprising levels marked since March 2023, close to 137.90-70, will be the last defense of the buyers. What next? USDJPY is at a critical support level. A short-term bounce is possible, but the chance of further declines is higher unless the pair breaks through the 151.20 resistance.
by MTradingGlobal
Advanced Trading With DataBase Part -2 #Nse #BseDefine Your Risk Tolerance and Goals: Before diving into options trading, assess your risk tolerance and establish clear trading objectives. Understand how much risk you’re willing to take on and what you aim to achieve. Diversify Your Options Strategies: Spread your risk by using various options strategies. Consider covered calls, protective puts, and other approaches to safeguard your investments. Set Entry and Exit Points: Determine specific levels at which you’ll enter and exit trades. Having clear guidelines helps you avoid emotional decisions during market fluctuations. Limit Maximum Risk Per Trade: When buying options, consider using debit spreads. These allow you to define your maximum risk upfront while still benefiting from potential gains. Allocate Capital Wisely: Allocate a specific portion of your capital to each trade. Avoid overcommitting to any single position. Diversify Across Underlying Assets: Spread your options positions across different stocks or indices. This diversification helps mitigate risk associated with individual assets. Monitor and Adjust: Stay informed about market conditions and adjust your positions as needed. Be flexible and adapt to changing circumstances.
NSE:BANKNIFTYEducation
by Optionclub
1
USDJPY sellers keep eyes on 144.00 and FOMC MinutesThe USDJPY pair is currently recovering from its lowest point in two weeks and breaking a three-day losing streak. The US Dollar is bouncing back from a yearly low as traders await the latest Federal Open Market Committee (FOMC) meeting minutes. Despite this bounce, the Yen pair is still trading below important Exponential Moving Averages (EMAs) and shows bearish signs from the MACD indicator, keeping sellers optimistic. If the USDJPY continues to drop, it might soon test the 144.00 support level, which has held for about 12 days. A fall below 144.00 could push the pair towards the July low of around 141.70. However, the Yen pair will need to move past the 50% Fibonacci Extension near 141.30 before targeting 140.00 and the 61.8% Fibonacci Extension around 139.40-35. On the upside, the 50 and 100 EMAs are likely to cap the USDJPY’s immediate gains, with resistance levels around 147.10 and 148.50. Beyond that, the pair might face resistance at the previous weekly high near 149.40 and the 150.00 level. If it breaks above 150.00, the final resistance points are at the 200-EMA level around 151.15 and the late July swing low near 151.95. In summary, while the USDJPY is currently recovering, the bears remain in control as traders await key news.
by MTradingGlobal
USDJPY eyes another bear run, focus on Japan GDP, US inflationEarly Monday, the USDJPY has risen slightly above 147.00 after its first weekly gain in six weeks. This increase follows a rebound from a seven-month low. The rise is supported by a recovery in the RSI and positive signals from the MACD. However, the pair’s failure to defend a week-long bullish trend channel and its continued trading below the 50-bar Exponential Moving Average (EMA) still keeps bears hopeful. Additionally, a downward trend line from early July suggests that sellers still control the market. The USDJPY is likely to stay under pressure unless it can rise above a resistance line near 150.80. Currently, the 50-EMA and the lower end of the rising channel, around 147.85-90, are key levels to watch. The 150.00 level may offer additional resistance, and if the pair can surpass 150.80, it might target around 155.50. On the downside, immediate support levels to watch are 145.50 and 143.30. If the price falls further, the monthly low near 141.70 and the psychological level of 140.00 could come into play. If the USDJPY drops below 140.00, it might test the mid-2023 low around 137.25. While technical indicators suggest a bearish outlook for USDJPY, traders should be cautious due to upcoming economic data releases, including Japan’s Q2 GDP and the US Consumer Price Index (CPI).
by MTradingGlobal
USDJPY slumps to seven-month low amid risk aversion, BoJ biasUSDJPY begins the week on a back foot while declining for the fifth consecutive day to the lowest since early January. The Yen pair’s latest fall could be linked to the market’s risk-off mood and concerns about the Bank of Japan’s (BoJ) further rate hikes versus the fresh bias about the US Federal Reserve’s (Fed) requirement for more rate cuts. Also keeping the bears hopeful is the quote’s clear downside break of an upward-sloping support line from January 2023. With this, USDJPY bears are completely in control and can move further toward the late 2023 bottom of around 140.25, quickly followed by the 140.00 threshold. However, the oversold RSI (14) line and the 61.8% Fibonacci retracement of the pair’s January 2023 to July 2024 upside, near 140.40, can challenge the quote’s further declines. If the pair drops past 140.00, the odds of witnessing a slump toward July 2023 low of near 137.20 can’t be ruled out. Meanwhile, the USDJPY pair’s corrective bounce needs validation from a 50% Fibonacci ratio of 144.55. Following that, the lows marked during February and March of the current year, respectively near 145.90 and 146.50, will precede the multi-month-old support-turned-resistance of surrounding 148.60 to challenge the Yen pair buyers. It’s worth mentioning, however, that the rejection of the latest bearish trend signals will only be possible if the quote stays successfully above the 200-SMA hurdle of 151.60. Overall, the USDJPY pair sneaked into the bearish trend but the road toward the south is long and bumpy.
by MTradingGlobal
USDJPY drops and pops from 200-SMA on BoJ rate hike, Fed eyedUSDJPY defends the previous day’s retreat from a three-week-old falling resistance line even after the pair’s volatile move post-Bank of Japan (BoJ) announcements. It’s worth noting that the Bank of Japan (BoJ) raised its benchmark rate to 0.25%, from 0.10%, on Wednesday and drowned the Yen pair toward the 200-SMA during the first few minutes. However, the Japanese central bank’s decision to taper bond purchases and cautious tone of economic assessment triggered the quote’s rebound afterward. The US Dollar’s weakness ahead of the Federal Open Market Committee (FOMC) monetary policy meeting also allowed the pair to drop to a multi-day low before bouncing off the key moving average of 151.60. It’s worth noting, however, that the nearly oversold RSI (14) line signals limited downside room for the pair past the 200-SMA support of 151.60. The same highlights the aforementioned short-term resistance line surrounding 153.60 as an immediate hurdle to watch for the buyer’s entry. Following that, the pair’s gradual run-up toward the 100-SMA and previous support line stretched from December 2023, around 155.65 and 158.80 respectively. Meanwhile, the USDJPY pair’s daily closing beneath the 200-SMA support of 151.60 will need validation from 5.5-month-old horizontal support near 151.00-150.90 to keep the sellers on board. Following that, the quote’s weakness toward the 61.8% Fibonacci ratio of late 2023 to July 2024 upside, surrounding 148.50, and then to March’s low of near 146.45 can’t be ruled out. It should be observed that the 150.00 psychological magnet will act as an extra filter toward the south. Overall, USDJPY fails to cheer the BoJ’s rate hike and bounces off the key SMA amid oversold RSI conditions. The same suggests the quote’s further recovery if buyers manage to cross the immediate resistance line and gain support from the hawkish FOMC announcements.
by MTradingGlobal
USDJPY extends recovery from key supports, US Retail Sales eyedUSDJPY rises the most among the G10 currency pairs early Tuesday while stretching the previous day’s recovery from an upward-sloping support line from late December 2023 and the 50-SMA. Adding strength to the Yen pair’s rebound is the improvement in the RSI (14) line. However, the bearish MACD signals and the 21-SMA hurdle, currently around 160.00, challenge the bulls ahead of the US Retail Sales for June. Apart from the short-term Simple Moving Average (SMA), an 11-week-old horizontal resistance area surrounding 160.30 will also tame the pair’s further upside. It’s worth mentioning that multiple tops marked since the start of July and ascending trend line from late April, respectively near 161.80 and 162.35, act as the final defense of the pair sellers. Meanwhile, 50-SMA and the aforementioned ascending trend line from late December 2023, close to 157.90 and 157.60 in that order, put a floor under the USDJPY pair for a short term. In a case where the Yen pair closes beneath 157.60, it becomes vulnerable to test the previous monthly low of around 154.50. However, May’s low of 151.85 and early 2024 peak surrounding 150.80, quickly followed by the 150.00 threshold, will challenge the sellers afterward. To sum up, USDJPY remains in a bullish trend ahead of the key US data but the upside room appears limited.
by MTradingGlobal
USDJPY rebounds from 157.80-75 support confluence, US data eyedUSDJPY pares the biggest daily loss in 10 weeks early Friday as traders await more clues for easing price pressure in the US, namely preliminary readings of the University of Michigan’s (UoM) Consumer Sentiment Index (CSI) and Consumer Inflation Expectations for July. It should be noted that a one-year low of the US Consumer Price Index (CPI) drowned the Yen pair the previous day while mixed Japan statistics and the market’s consolidation favored the quote’s latest recovery. That said, a convergence of the 50-SMA and bottom line of a 2.5-month-old rising wedge bearish chart formation, around 157.80-75, recently triggered the pair’s rebound as RSI took a U-turn from the below-50 zone. However, bearish MACD signals could join the 160.20-30 region comprising highs and lows marked since April to challenge the bulls before directing them to the fresh high since 1986, which in turn highlights the aforementioned wedge’s top line surrounding 162.25. On the flip side, the USDJPY pair’s inability to defend the latest rebound will shift focus back to the 157.80-75 key support. Following that, an upward-sloping trend line support from late December 2023, close to 157.30 at the latest, will be the last defense of the buyers. In a case where the Yen pair remains bearish past 157.30, its subsequent fall to the previous monthly low near 154.50 and then to May’s bottom surrounding 151.85 can’t be ruled out. That said, the 150.00 psychological magnet will be the final post for the sellers to conquer ahead of gaining the throne. To sum up, USDJPY remains in a bullish trajectory despite the previous day’s heavy fall. The downside move needs validation from 157.30 and the US/Japan fundamentals.
by MTradingGlobal