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USDJPY

USDJPY rebound appears elusive below 155.70USDJPY bounces off a one-month low to snap a three-day winning streak early Monday. In doing so, the Yen pair takes a U-turn from the 61.8% Fibonacci ratio of its March-April upside amid a nearly oversold RSI. Given the receding bearish strength of the MACD signals and the quote’s rebound from the key Fibonacci ratio, as well as the RSI (14) line’s recovery from the oversold territory, the latest run-up in price is likely to prevail for a bit. The same highlights the 38.2% Fibonacci retracement level of 155.00 for short-term buyers. However, a convergence of the 50-SMA, a two-month-old previous support line, and a downward-sloping resistance line from April 29, around 155.60-70, appears a tough nut to crack for the bulls. Following that, the pair’s gradual rise toward the monthly high of nearly 158.00 and then to the recent multi-year peak surrounding 160.00 can’t be ruled out. Meanwhile, the 200-SMA and 50% Fibonacci ratio put a short-term floor under the USDJPY pair at around 153.30. In a case where the sellers keep control past the 153.30 support confluence, the Yen pair bears could again jostle with the 61.8% Fibonacci ratio surrounding 151.70, also known as the Golden Fibonacci ratio. It’s worth noting, however, that the quote’s weakness past 151.70 will make it vulnerable to revisit the lows marked in March near 146.50. During the fall, the 150.00 threshold and the 78.6% Fibonacci ratio around 149.40 can act as intermediate halts. USDJPY is likely to extend the latest corrective bounce, especially amid the Japanese holiday, but the upside room appears limited.
by MTradingGlobal
USDJPY reverses pullback from 34-year high on mixed Japan dataA mixed bag of Japan statistics triggered the USDJPY pair’s fresh run-up early Tuesday. In doing so, the Yen pair justifies mostly downbeat employment and activity data from the Asian major while reversing the previous day’s retreat from the highest level since 1990. Also favoring the upside bias are the bullish MACD signals and the quote’s U-turn from a seven-week-old rising support line, close to 154.70 by the press time. With this, the risk-barometer pair is likely approaching the 160.00 threshold. However, the overbought RSI conditions could challenge the buyers around the recent multi-year peak of 160.20. Even if the pair remains firmer past 160.20, the year 1990’s high of 160.40 and an upward-sloping resistance line stretched from late June 2023, around 161.60 at the latest, can prod the bulls. On the contrary, USDJPY sellers need validation from the aforementioned support line from early March surrounding 154.70, as well as FOMC and the US NFP, to retake control even for a short term. Following that, an 18-month-old previous resistance line near 151.75 and the bottom line of a 10-month-long rising wedge bearish chart pattern, around 150.80, will be in the spotlight. In a case where the Yen pair remains bearish past 150.80, the 150.00 psychological magnet and the 200-SMA level of 148.20 will act as the final defense of the buyers. Overall, the USDJPY pair remains bullish but the upside room appears limited as traders await this week’s key data/events, namely the monetary policy announcements from the Federal Open Market Committee (FOMC) and the monthly US employment report.
by MTradingGlobal
USDJPY : Price increases continue under limited regime!Hello dear friends, let's discuss and devise our strategy for the new day together! USD/JPY is witnessing a decline, fluctuating near the 151.00 level, as the Japanese Yen faces significant buying pressure amidst concerns about Japan's potential forex intervention, especially after this exchange rate reached a new high since the beginning of the year at 151.86 last Friday. Minutes from the Bank of Japan's meeting in January further weakened the USD/JPY pair. From a technical perspective, if USD/JPY continues to trade below the marked resistance level, it may still face pressure and potentially decline further.
Short
by RKarina
USDJPY: Continuing uptrend!Hello everyone, what are your thoughts on the recent developments in USDJPY? Currently, the USD/JPY pair is showing a significant upward trend due to a substantial interest rate differential between the United States and Japan. With the Federal Reserve setting the Federal Fund Rate at 5.25%-5.50% and the Bank of Japan maintaining near-zero interest rates at 0.0%-0.1%, the USD holds a clear advantage in attracting investment compared to the JPY. This continues to support the upward trajectory of USD/JPY.
Long
by RKarina
USDJPY refreshes 34-year high on BoJ’s dovish haltUSDJPY prints a three-day winning streak while rising to a fresh high since 1990 as it justifies the Bank of Japan’s (BoJ) dovish halt. That said, the BoJ kept its benchmark rates unchanged, as expected, but omitted the mention of bond buying operations which were anticipated to suggest the Japanese central bank’s hawkish turn. With this, the Yen pair pokes an upward-sloping resistance line stretched from early December, around 155.90 at the latest. Given the overbought RSI conditions and the recently easing bullish bias of the MACD, the quote is likely to witness a pullback, which in turn highlights the 155.00 threshold and the mid-month peak surrounding 154.80. However, the bottom line of a six-week-old rising wedge bearish chart formation, close to 154.20 as we write, will be the key to watch for the seller’s entry. In a case where the pair remains weak past 154.20, a six-month-old horizontal support line near 151.70 will precede an area comprising multiple levels marked since early February, around 150.90-80, to challenge the pair bears. Above all, the USDJPY pair buyers should remain hopeful unless witnessing a daily closing beneath an ascending trend line from late December 2023, near 150.30 at the latest. On the contrary, a successful upside break of the aforementioned multi-month-old resistance line surrounding 155.90 will need validation from the top line of a short-term rising wedge bearish chart formation, near 156.10. Should the USDJPY pair buyers ignore overbought RSI and keep the reins past 156.10, the odds of witnessing a gradual run-up toward the 160.00 psychological magnet and then to the year 1990 peak of 160.40 can’t be ruled out. Overall, the USDJPY pair remains bullish beyond 150.30 but a short-term pullback appears overdue.
by MTradingGlobal
USDJPY todayThe USDJPY currency pair continued its impressive upward streak, breaking the 152,100 resistance and climbing to a new high of 154,900. This upward momentum is reinforced by strong technical indicators, forecasting an optimistic future. Careful analysis using the Fibonacci tool shows that this trend is not just random but can continue to 163,450, our first take profit point at the 1,618 Fibonacci level, consistent with the Dow Theory of Market trend. What an exciting journey! What are you planning now that USDJPY is on the rise? Please share your thoughts!
Long
by RKarina
USDJPY: Target at 155,500USD/JPY is experiencing a slight decline, trading around 154.65 in the early hours of Wednesday's Asian trading session. The strong US economy and inflationary challenges have sparked speculation that the Federal Reserve may postpone the start of its tapering cycle to September instead of June, providing support for the US dollar. From a technical perspective, the recent breakthrough of the key resistance level near 152.00 and the subsequent upward trend is seen as a new opportunity for trend-following traders. Following that are overnight fluctuations around the 153.00 level. Any significant decline below 154.00 could attract new buyers, potentially targeting the next area around 155.50.
Long
by RKarina
USDJPY hovers around multi-year high as bulls run out of steamUSDJPY edges higher past 154.00 while making rounds to the 34-year top marked the previous day, mildly bid within a four-month-old rising trend channel early Tuesday. In doing so, Yen pair buyers take a breather at the multi-year high as the overbought RSI (14) line joins sluggish market conditions. It’s worth noting, however, that the bullish MACD signals and the quote’s sustained trading beyond a 6.5-month-old ascending resistance line, now support around 151.85, keep the bulls in the driver's seat. That said, the 61.8% Fibonacci Extension (FE) of the pair’s December-March moves and the 21-day Exponential Moving Average (EMA), respectively near 153.05 and 152.00, restrict the quote’s immediate downside. Following that, a two-month-old horizontal support zone near 150.90-80 and the aforementioned bullish channel’s support line, close to 149.60 at the latest, will act as the final defense of the pair buyers, a successful break of which could give control to the bears. Meanwhile, the 78.6% FE level surrounding 154.85 guards the immediate upside of the USDJPY pair ahead of the multi-month-old rising trend channel’s top line, near 155.20 as we write. It’s worth mentioning that the Yen pair’s sustained run-up beyond 155.20 will need validation from the June 1990 peak of 155.80 to keep the bulls in control. Following that, the pair’s gradual advances toward the 100% FE level of 157.15 can’t be ruled out. That said, the 156.00 and the 157.00 round figures will act as intermediate halts during the rise. Overall, the USDJPY pair buyers appear exhausted, suggesting a pullback in the prices, but the broadly bullish trend is likely to remain intact unless the quote breaks the 149.60 key support.
by MTradingGlobal
USDJPY: Continuing to set new records!The USD/JPY has surged to its highest level in decades, reaching 154.00 during European trading on Monday. The Japanese Yen continues to weaken amid uncertainty about future interest rate hikes by the Bank of Japan (BoJ). However, concerns about potential interventions and geopolitical tensions could impact the Yen, a traditional safe haven asset. On the technical chart, the price shows strong upward momentum after a period of consolidation, moving steadily along the EMA 34 and 89 lines. The prospect of further price increases remains a top priority for this currency pair. The recent highs around the 153.25-153.30 area now serve as a strong support level, laying the groundwork for USD/JPY to potentially retest the 154.00 mark and potentially climb even higher.
Long
by RKarina
GOLD IN CORRECTIONNow we got 4h high which is using my method... Already our 2 sell entry running profit also we found 2 sell zone 1st sell limit 2254-2257 sl 2259 (need 1m or 5m confirmation then entry it else wait for 2nd zone) tp 2252 tp 2249 tp 2244 buy zones are the tp4 and tp 5 In 4hrs we found 2 buy zone 1st buy zone 2201-2192 (we need 15M confirmation to take entry) 2nd buy zone 2167-2156(extreme buy zone no need to confirm)...which is in linked analysis 2nd sell limit 2261-2264 sl 2267 tp 2259 tp 2256 tp 2251 buy zones are the tp4 and tp5 In 4hrs we found 2 buy zone 1st buy zone 2201-2192 (we need 15M confirmation to take entry) 2nd buy zone 2167-2156(extreme buy zone no need to confirm)...which is in linked analysis NOTES: EDUCATIONAL PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
Prices rebounded after a series of quiet trading daysThe Japanese Yen has depreciated against the US Dollar this Wednesday, as the US released inflation data that was higher than expected. This development has pushed back the Fed's interest rate cut talks from June to September. Furthermore, upon reviewing the latest FOMC minutes, it appears that US officials are wary of the inflationary pressures that are looming, which could mean keeping interest rates high for a longer period. On the other hand, the Bank of Japan is showing calmness by tightening its grip, keeping the Yen under pressure and helping USDJPY rise. Keep an eye on the 153.00 level; it currently serves as a gatekeeper to the highest level in decades at 153.45. If we surpass this level, it could signal a green light for bullish speculators to push this currency pair higher, extending the upward trend we witnessed last month.
Short
by RKarina
USDJPY bulls eye multi-day-old resistance line and US InflationUSDJPY picks up bids within a fortnight-old trading range while defending the previous day’s rebound from a 150.80-90 support confluence, comprising the 21-day Exponential Moving Average (EMA) and multiple levels marked in the last two months. The Yen pair’s recovery also justifies the upbeat RSI (14) line and inspires buyers to poke an upward-sloping resistance line stretched from late October 2023, close to 152.00 by the press time. However, the impending bear cross on the MACD challenges the quote’s further upside. In a case where the pair remains firmer past 152.00, the 61.8% Fibonacci Extension (FE) of its moves between December 2023 and March 2024, near 153.10, will be on the bull’s radar ahead of the 78.6% FE level surrounding 154.85. Meanwhile, the USDJPY pair’s daily closing beneath the 150.80 support confluence will need validation from the 38.2% FE level of 150.55 and the 150.00 threshold. Following that, January’s peak surrounding 148.80 and the previous monthly low near 146.50 could lure the Yen pair sellers. It’s worth noting that February’s bottom of 145.90 acts as the final defense of the pair buyers, a break of which will make the quote vulnerable to drop toward the 140.00 psychological magnet. Overall, the USDJPY is likely to remain firmer but the buyers appear running out of steam and hence this week’s US inflation data, namely the Consumer Price Index (CPI) for March, will be crucial to watch for clear directions.
by MTradingGlobal
Continue sales strategy and long-term goalsHello dear friends, let's explore USDJPY together! Regarding the impact of news: The US dollar (USD), up until now, is struggling to gain any meaningful traction amid speculations that the Federal Reserve (Fed) will begin an interest rate cut cycle in June, supported by US Personal Consumption Expenditures (PCE). The index on Friday. This may contribute to preventing any significant upward movement of the USD/JPY pair. Currently, traders are awaiting the release of important US macroeconomic data expected at the beginning of the new month, starting with the ISM Manufacturing PMI on Monday to set the tone ahead of Non-Farm Payrolls (NFP) on Friday. Conclusion on USDJPY and trend: Ahead of the expected news today, as this factor could bring unpredictable declines, we need to understand that maintaining stability within the range of the bullish channel could provide an advantage for bears participating in the market. In the short term, from a technical analysis perspective: With the current trend, a decline is possible. There is evidence to suggest that once the resistance level is touched, it will continue to move downwards, as indicated by RSI divergence remaining unchanged.
Short
by RKarina
GOLD IN BULLSH SORRY for late update.... Sunday i was too busy Now we see xauusd hits the DAY 1st pull back zone(2259-2305) In 4Hrs also gold hits 1st pull back zone(2263-2280.5) once market touches our pull back market starts fall In 15mins we got High confirmation using my method and also now we got choch (correction choch in 15mins only) confirmation so entry will be sell limit 2258-2262-2265 SL 2268(we already entry in 2263) remember gold still in bullish only we got ONLY 15M confirmation if you ok use mid lot else use low lot Targets for intraday TP1 +20 pips TP2 +50pips TP3 +100pips TP4 1850 In 4hrs we found 2 buy zone 1st buy zone 2201-2192 (we need 15M confirmation to take entry) 2nd buy zone 2167-2156(extreme buy zone no need to confirm) This two zones will be swing targets for given sell once market cross 2nd buy zone gold will be red rose trade carefully NOTES: EDUCATIONAL PURPOSE ONLY
OANDA:XAUUSDShort
by SATHAYAM_ACADEMY
USDJPY : The trend is not clear yet!Hello dear friends! Today, USDJPY continued a series of lackluster trading days, with prices stagnant compared to last week, fluctuating around the 151,300 mark due to lack of momentum and dependence on market news. Short-term expectations suggest stable volatility within a range, with little intraday volatility expected as EMA indicators remain inconclusive. Waiting for a breakout from this consolidation to identify a more favorable entry point. The luckiest!
by RKarina
USD JPY Pullback expected !!!The price has cleared 151 lvl and halting near the resistance 151.950 or 152 as rd fig this resistance is monthly high expected the price to go sideways and make a build up before making the breakout also as decided in the post of DXY, similarly here some fair value area are let behind after strong one side up move 149.700 to 149.550 there is good fvg to trade on thereafter 148.300 148.900 which is little less probable to see upto next week (only there is no breakout above 152 level)
by Jimmy_Rebello
USDJPY grinds within immediate range amid holiday-shortened weekUSDJPY registered the first weekly loss in three amid mixed concerns about the Bank of Japan’s (BoJ) next move, especially when the policymakers hesitated to stick to the hawkish plan after the first rate hike in 17 years. However, the broad US Dollar strength and an upbeat performance of the yields put a floor under the prices. Apart from the mixed fundamentals, the Yen pair’s inability to break the seven-week-old horizontal support zone surrounding 150.75-90, as well as cross an upward-sloping resistance line stretched from March 20, close to the 152.00 threshold, restrict short-term moves of the pair. It’s worth noting, however, that the quote’s sustained trading beyond the 100 and 200 SMA join steady oscillators to keep the buyers hopeful. That said, an upside clearance of the 152.00 immediate resistance could quickly propel the prices toward a three-week-old support-turned-resistance, around 152.90. Following that, the June 1990 high of 155.80 will be in the spotlight. On the contrary, a downside break of the seven-week-old horizontal support of 150.75-90 will direct the USDJPY sellers toward the 200 and 100 SMA levels, respectively near 150.00 and 149.75 at the latest. In a case where the Yen pair sellers keep the reins past 149.75, the March 18 swing high of 149.30 and the 149.00 round figure will act as the final defense of the buyers before directing the sellers toward the previous monthly high of near 146.50. Overall, the mixed catalysts join the Easter Monday holiday in major markets and a light calendar to restrict the USDJPY pair’s moves. However, the quote remains on the bull’s radar.
by MTradingGlobal
USDJPY : Continues to move sideways above the high price range !The USDJPY pair continues to trade quietly and seemingly stagnant at record highs, lacking upward momentum. The prevailing trend favors a sideways movement despite signals from the EMA 34 and 89 continuing to support an upward bias. From a technical standpoint, any further price increase may encounter strong resistance and remain limited near the 152.00 level. The mentioned barrier will act as a key pivot point, and if decisively broken, it would be considered a new catalyst for bullish traders. With oscillators on the daily chart holding in positive territory, the USD/JPY pair could extend the well-established uptrend since January 2023 and climb further towards the psychological level of 153.00. On the other hand, the overnight low volatility around the 151.00 level seems to be protecting the immediate downside. Any further decline is likely to attract new buyers and still be limited near the support area of 150.25. Keeping an eye on the psychological level of 150.00, a decisive break below it could potentially accelerate the downward correction process for the USD/JPY pair towards the region of 149.35-149.30 en route to the round number of 149.00.
by RKarina
USDJPY: Price continues to stand still!Today, USDJPY concluded its trading activities around the level of 151.35, with little change due to continued subdued trading throughout the past week. The strength of the US dollar, reinforced by hawkish statements from Fed officials, has not yet provided enough motivation for a significant increase in this currency pair. In the short term, the trend remains uncertain as USDJPY moves steadily within a range. The EMA lines also do not indicate a clear trend direction, so we will wait for a breakout from the current pattern to determine a more strategic and secure entry point!
by RKarina
USDJPY: The direction of movement is difficult to predict!"Hello dear traders! Today, it seems that USDJPY is frozen in time, hovering unchanged as it looks up at the peak around 151.700, a record high it has recently reached. Market pundits are taking a cautious stance towards USD/JPY, predicting that a Fed interest rate cut is not just a possibility but an inevitability; it's a question of 'when' rather than 'if'. Meanwhile, growing consensus suggests that the Bank of Japan (BoJ) may soon start adjusting its own interest rates. It's a quiet trading day today as we await new market signals. Stay tuned and trade wisely!" Let me know if this vividly paints the current market landscape for you!
by RKarina
USDJPY- Bears continue to prevail!Hello everyone, it's RKarina here again! Currently, USD/JPY continues to consolidate below the 151.50 level in the Asian trading session on Tuesday. Concerns about the Japanese government's potential intervention to strengthen the Yen are dampening the upward momentum, coupled with the overall weakness of the US Dollar, which is limiting the strong upside potential for this currency pair. With this scenario and technical outlook, the bearish camp seems to have the upper hand at this stage. The upward trend has gradually cooled off and shifted into a sideways movement. In the short and medium term, selling remains a preferred strategy, targeting two potential price levels for a decline.
Short
by RKarina