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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

USDJPY UPTREND SWING ANALYSISTrade Analysis : Swing USDJPY UPTREND Trend analysis on USDJPY Trend Identification: Swing Uptrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 141.00, T2 - 142.500. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows. Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
Long
by JagadishSinghR
USDJPY bulls want to believe in BoJ’s defense of easy money poliBe it the triangle breakout or the Bank of Japan (BoJ) officials’ dovish signals ahead of the monetary policy announcements, not to forget the Fed’s hawkish pause, the USDJPY pair has all that’s needed to ride north. However, the overbought RSI conditions suggest a gradual run-up with intermediate pullbacks. That said, the aforementioned two-week-old symmetrical triangle’s top line, close to 140.20, appears immediate support for the Yen pair. Following that, the 140.00 round figure and the stated triangle’s bottom line surrounding 139.00 can challenge the pair sellers. It’s worth noting that the buyers are likely to remain unshaken beyond the 200-SMA support of 138.00, a break of which could give rise to short-term setbacks for the optimists. Meanwhile, the 141.00 round figure precedes the latest peak of around 141.50 to guard the immediate upside of the USDJPY pair during its fresh rebound. In a case where the BoJ manages to defend the policy doves, the 61.8% Fibonacci Expansion (FE) of its May 16 to June 01 moves, near 141.70, precedes the 142.00 threshold and the 78.6% FE level around 142.55 to challenge the Yen pair bulls. Above all, an upward-sloping support resistance line from early May, at 143.00 by the press time, seems a tough nut to crack for the buyers to crack.
by MTradingGlobal
USDJPY retreat appears doubtful beyond 137.30USDJPY remains on the way to posting the second consecutive weekly loss after reversing from the yearly top in the last week. In doing so, the Yen pair justifies the overbought RSI (14) line. However, a six-month-old horizontal support zone near 137.90-85 and the 200-DMA level surrounding 137.30 appear tough nuts to crack for the sellers to retake control. Following that, a gradual south-run toward the 61.8% Fibonacci retracement of its May-October 2022 upside, near 136.10 and then to the previous monthly low of around 133.50 can’t be ruled out. On the contrary, USDJPY recovery needs validation from the yearly latest peak of 140.95, as well as the 141.00 round figure, to convince buyers. It’s worth noting that the 140.00 psychological magnet caps the immediate upside of the Yen pair whereas a convergence of the one-month-old upward-sloping resistance line and 38.2% Fibonacci retracement, near 142.15-20, can challenge the quote’s run-up beyond 141.00. In a case where the risk-barometer pair rises past 142.20, the late October 2022 low close to 145.10 will be in the spotlight. Overall, USDJPY is likely to witness short-term selling pressure but the trend remains bullish until the quote stays beyond 137.30.
by MTradingGlobal
STOP LOSS HITTrade Details: stop loos hit - Symbol: USD/JPY - Entry Price: 139.800 - Stop Loss: 139.560 - Target Price: 140.400 Rationale for Entering the Trade: You have decided to enter this trade based on two factors: recent quick movements in the market and the price being slightly above a support zone. 1. Recent Quick Movements: You have observed rapid movements in the USD/JPY market, which might indicate increased volatility and the potential for short-term trading opportunities. These quick movements could be driven by market news, economic releases, or shifts in investor sentiment. By entering the trade at this time, you hope to capitalize on the current volatility and benefit from potential price fluctuations. 2. Price Above Support Zone: You have identified a support zone below the current price level. A support zone refers to a range of prices where buying pressure tends to emerge and potentially reverse the price direction. Although the price is currently above this support zone, you believe it is still in close proximity. This suggests that there may be a higher probability of a price bounce or a continuation of the upward movement. Trade Parameters: - Entry Price: You plan to enter the trade at 139.800, buying USD/JPY at this exchange rate. - Stop Loss: To manage potential losses, you have set a stop loss order at 139.560. If the price reaches this level, your trade will be automatically closed, limiting your downside risk. - Target Price: Your target price for this trade is set at 140.400. This represents the level at which you aim to sell USD/JPY and realize your desired profit. Please note that trading involves risks, and this trade should be evaluated within the context of your own trading strategy, risk tolerance, and market conditions. It's important to conduct thorough analysis and consider other factors such as market trends, fundamental indicators, and overall market sentiment before making trading decisions.
Long
by HUNTSMAN_
USD/JPY buy idea sharingTrade Details: - Symbol: USD/JPY - Entry Price: 139.800 - Stop Loss: 139.560 - Target Price: 140.400 Rationale for Entering the Trade: You have decided to enter this trade based on two factors: recent quick movements in the market and the price being slightly above a support zone. 1. Recent Quick Movements: You have observed rapid movements in the USD/JPY market, which might indicate increased volatility and the potential for short-term trading opportunities. These quick movements could be driven by market news, economic releases, or shifts in investor sentiment. By entering the trade at this time, you hope to capitalize on the current volatility and benefit from potential price fluctuations. 2. Price Above Support Zone: You have identified a support zone below the current price level. A support zone refers to a range of prices where buying pressure tends to emerge and potentially reverse the price direction. Although the price is currently above this support zone, you believe it is still in close proximity. This suggests that there may be a higher probability of a price bounce or a continuation of the upward movement. Trade Parameters: - Entry Price: You plan to enter the trade at 139.800, buying USD/JPY at this exchange rate. - Stop Loss: To manage potential losses, you have set a stop loss order at 139.560. If the price reaches this level, your trade will be automatically closed, limiting your downside risk. - Target Price: Your target price for this trade is set at 140.400. This represents the level at which you aim to sell USD/JPY and realize your desired profit. Please note that trading involves risks, and this trade should be evaluated within the context of your own trading strategy, risk tolerance, and market conditions. It's important to conduct thorough analysis and consider other factors such as market trends, fundamental indicators, and overall market sentiment before making trading decisions.
Long
by HUNTSMAN_
1
USDJPY Swing Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend Channel analysis on USDJPY Trend Identification: Swing Downtrend USDJPY. Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points. Price Behavior: Daily Bullish pullback with market structure. Targets: T1 = 139.00, T2 - 137.50. Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements. Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows. Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading! (Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
Short
by JagadishSinghR
USD/JPY buy idea sharingBased on the information provided, you are planning to enter a trade in the USD/JPY currency pair. Here's an explanation of the trade for publishing: Trade Details: - Symbol: USD/JPY - Entry Price: 139.690 - Target Prices: 139.842 and 140.001 - Stop Loss: 139.582 Rationale for Entering the Trade: You have decided to enter this trade based on two factors: support at 139.5 and a potential trendline breakout. 1. Support at 139.5: You believe that the exchange rate of USD/JPY has reached a level of support at 139.5. Support is a price level at which buying pressure is expected to outweigh selling pressure, potentially leading to a price reversal or a bounce. By entering the trade near this support level, you anticipate that the price will move in a favorable direction. 2. Trendline Breakout: Additionally, you have observed a trendline on the price chart of USD/JPY, and you expect a potential breakout to occur. A trendline is a line that connects consecutive higher lows or lower highs, indicating the direction of the prevailing trend. A breakout refers to a situation where the price moves beyond the trendline, potentially signaling a shift in market sentiment and the continuation of a new trend. Based on your analysis, you believe that the price is likely to break out above the trendline, which has influenced your decision to enter the trade. Trade Parameters: - Entry Price: You plan to enter the trade at 139.690, which means you will buy USD/JPY at this exchange rate. - Target Prices: You have set two target prices for this trade. The first target is 139.842, and the second target is 140.001. These levels represent your profit-taking points, where you aim to sell the USD/JPY and realize gains. - Stop Loss: To manage potential losses, you have implemented a stop loss order at 139.582. If the price reaches this level, your trade will be automatically closed to limit your downside risk. Please note that trading involves risks, and this trade should be evaluated in the context of your own trading strategy, risk tolerance, and market conditions. It's essential to conduct thorough analysis and consider other factors such as market news, economic indicators, and overall market sentiment before making trading decisions. FX:USDJPY
Long
by HUNTSMAN_
1