USDJPY.1000.CFD trade ideas
#USDJPY Hoping for Long Position One can expect very sharp recovery in #USDJPY SO one one can take little risk and go for buy position
USDJPY One can Take A Long Position We can take long position in USDJPY as it has given a hammer pattern and has closed at very good price so from current levels we can see a sharp spike up to 140 with SL below 129.20 and we can expect a target of 3-4:1.
Elliott Wave in technical analysis 5th impulsive move 1 wave done 2 corr done. waiting for next implu move 3rd wave
GO SHORT IN USDJPYHi, USDJPY has formed an head and shoulder pattern on daily chart and also camed to an important support. If it breaks the above levels the we can get a good short trade.
USDJPY Bullishlooking for buys off my confrimations
DONT TAKE MY TRADDES THESE ARE PERSONAL YOU WILL PROBABLY LOSE MONEY
USDJPY DAILY TECHNICAL ANALYSIS Trading Ideas-
Short positions below 138.04 with targets at 130.64 & 126.45
Alternative scenario
If price sustain above 138.04 look for 142.15 & 145.61 as targets.
Supports and resistances
142.15 & 145.61
130.64 & 126.45
USDJPY approaching towards distribution areathis currency pair is again approaching its supply area till now bulls have tried hards to control but from here it looks difficult to hold.
its on the radar, upcoming setup to short
USDJPY recovery remains doubtfulUSDJPY consolidates the biggest daily loss in 14 years while positing a gradual rebound from the 78.6% Fibonacci retracement level of its May-October upside. The recovery moves also gain support from the RSI’s bounce off the oversold territory. However, the early month low near 133.65 challenges the immediate upside, a break of which could validation the Yen pair’s further advances towards a convergence of the 200-DMA and a two-month-old descending resistance line, close to 136.00. In a case where the quote remains firmer past 136.00, the previous support line from, close to 138.80-85, will be crucial as a break of which could welcome bulls.
Alternatively, a daily closing below the 78.6% Fibonacci retracement near 131.80 precedes the August 2022 low near 130.40 to challenge the USDJPY bears. Also acting as a downside filter is the 130.00 round figure. Should the pair sellers keep the reins past 130.00, multiple hurdles near 128.30 could offer intermediate halts during the quote’s anticipated south run towards May’s low of 126.35.
Overall, USDJPY bears are taking a breather and still hold control despite the latest corrective bounce.
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
128.010
Next Zone area & horizontal swing Low support
1st Resistance
136.400
Zone area & horizontal swing high resistance
💡USDJPY - Weekly Technical Analysis UpdateMidterm forecast:
While the price is below the resistance 141.696, resumption of downtrend is expected.
We make sure when the support at 130.351 breaks.
If the resistance at 141.696 is broken, the short-term forecast -resumption of downtrend- will be invalid.
We will close our open trades, if the Midterm level 141.696 is broken.
Technical analysis:
While the RSI resistance #1 at 55 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 138.175 on 12/15/2022, so more losses to support(s) 131.500 and minimum to Major Support (130.351) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 36.
Take Profits:
145.094
141.696
139.340
137.355
134.672
131.500
129.442
126.409
121.271
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Daily Resistance @ 133.90 , Keep SELLING@ 133.90 U.S. dollar weakens as risk appetite rises with data showing slowdown
The dollar slid against most currencies in choppy, thin trading on Friday as data signaled that the U.S. economy is cooling a bit, reinforcing expectations of smaller interest rate increases from the Federal Reserve and improving investors' risk appetite.
USDJPY prints bear flag as Bank of Japan gains attentionUSDJPY is likely to end 2022 on a negative note, despite bracing for the biggest yearly run-up since 2013. However, the Yen pair portrays a bearish chart pattern, a bear flag on the four-hour play as traders keep their eyes on the Bank of Japan (BOJ). Given the downbeat oscillators and hawkish expectations from the BOJ, the bearish chart formation amplifies the downside expectations. As a result, bears could wait for a clear downside break of 134.90, to refresh the monthly low of 133.60. In that case, the August 2020 low near 130.40 and the 130.00 psychological magnet will gain major attention during the south run aiming for the theoretical target surrounding 120.00.
Meanwhile, the top line of the stated bear channel, close to 138.50, restricts short-term USDJPY recovery moves. A clear upside break of the same will defy the bearish chart pattern and could poke the 200-SMA surrounding 140.80. In a case where the Yen pair buyers manage to cross the last hurdle, namely the 200-SMA, late November swing high near 142.25 and the 145.20 resistance could flash on their radars.
Overall, USDJPY is on the bear’s radar after two years of a bullish move.
Swinging YEN brings me joy :D
Have been tracking YEN from past 6 months, and went long on USD(short YEN) last night. I think it will stay in 134 to 138 range till a clear break out happens. What could be the trigger for that?
USDJPY SELLING IDEADouble top, and its neckline was broken, US CPI data come negative
Conservative traders should wait for the retest, and aggressive traders may continue selling
200-DMA holds the gate for USDJPY bearsUSDJPY fades bounce off the 200-DMA as it failed to cross the previous support line from late May. However, nearly oversold RSI challenges the sellers and hence a short-term consolidation between the 200-DMA and the support-turned-resistance line, respectively around 135.00 and 138.00, can’t be ruled out. Even if the quote rises past the 138.00 round figure, the 21-DMA could challenge the buyers at around 138.50. It’s worth noting that a seven-week-old descending trend line joins the 50% Fibonacci retracement level of the May-October upside, near 139.15-20, to act as the last defense of sellers. In a case where the yen pair remains firmer past 139.20, a quick run-up toward the late November high around 142.25 appears imminent.
Meanwhile, a downside break of the 200-DMA support of 135.00 won’t hesitate to refresh the monthly low, currently around 133.60. Following that, the August month low near 130.40 and the 130.00 round figure can be witnessed. Should the quote remains bearish past 130.00, May’s bottom of 126.35 will lure the USDJPY bears.
Overall, USDJPY is heading lower as the key week begins. However, it all depends upon the US inflation and Fed meeting.
USDJPY Harmonic Pattern Forecast PricesUSD/JPY Weekly Forecast – US Dollar Gives Up Early Gains for the Week
The US dollar initially spiked to the ¥137.50 level, but then gave back a significant amount of gain to show signs of hesitation and volatility.
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
133.010
Next Zone area & horizontal swing Low support
1st Resistance
140.800
Zone area & horizontal swing high resistance
USDJPY DAILY TECHNICAL ANALYSIS Trading Ideas-
Short positions below 142.22 with targets at 133.64 & 131.36
Alternative scenario
If price sustain above 142.22 look for 145.60 & 148.75 as targets.
Supports and resistances
133.64 & 131.36
145.60 & 148.75
Usdjpy sellUsdjpy sell possible because head and shoulder pattern in 15 minutes candles so open a sell trade please use small lot the trade is for educational purposes only not a recommendation so i am not responsible for any loss
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
133.010
Next Zone area & horizontal swing Low support
1st Resistance
140.800
Zone area & horizontal swing high resistance
