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USD/JPY LMAX

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USDJPY_LMAX trade ideas

USD/JPY increasing traction above 149.60Currently, the USD/JPY pair is holding steady at 149.60 during the early European trading hours on Tuesday. The demand for the US Dollar (USD) and the recovery of US Treasury bond yields have provided some support for this currency pair. Investors are awaiting the US Retail Sales data on Tuesday for fresh impetus. The monthly figures are expected to increase by 0.3% in September. Looking ahead, market participants will keep an eye on US Retail Sales, Industrial Production, and the Fed's speaker on Tuesday. On Wednesday, Japan's trade data will be released, followed by the National Consumer Price Index (CPI) report on Friday. These figures may provide clear direction for the USD/JPY pair.
Long
by Samson-FX
Bearish Engulfing Reversal in USD/JPYTechnical Analysis: Identifying a sustained uptrend in USD/JPY on the daily chart. Bearish Engulfing Pattern: Observing a bearish engulfing pattern where a larger bearish candle fully engulfs the previous smaller bullish candle, signaling a potential trend reversal. Execution: Entry Point: Initiate a short position (sell) after the confirmation of the bearish engulfing pattern. Ensure the second candle closes below the low of the previous bullish candle. Stop-Loss: Set a stop-loss order just above the high of the bearish engulfing pattern to manage risk in case of a false reversal. Take-Profit: Establish a take-profit level based on a risk-reward ratio, targeting a recent support level or using technical analysis tools like Fibonacci retracement levels. Risk Management: Position Size: Determine the position size based on the percentage of total capital at risk. Avoid risking more than 1-2% of the trading capital on a single trade. Monitoring: Regularly monitor the trade for any signs of reversal failure or unexpected market events. Additional Considerations: Market Sentiment: Keep an eye on overall market sentiment and potential influences on the USD or JPY. News Events: Be aware of any upcoming economic releases or events that might impact the currency pair. Remember, this is a hypothetical idea, and actual trading involves uncertainties. Always conduct thorough research and consider multiple factors before making trading decisions.
Short
by Sefinsha
USDJPY continues to turn up the price?Hello dear traders! Last week, USDJPY broke out of its upward trend and started moving sideways. It is currently trading at 149.51. However, there are still no signs of USDJPY reversing its direction. This is evident as the currency pair is in an upward trend and is gradually approaching a strong resistance level at 150.000. It is expected to retest the support level before the potential for further price appreciation. There is a significant breakout potential if UJ surpasses this resistance level.
by Samson-FX
Dow formed on 1D chart, USDJPY continued?Currently, USDJPY is gradually approaching the 150.00 level after receiving strong support from the 137.30 support level. USD/JPY aims to regain its three-day winning streak, trading around 149.80 in today's trading session. This pair has gained price support due to a series of optimistic economic data from the United States (US). Looking at the technical picture, on the H4 time frame, USDJPY has formed a DOW pattern, and surpassing the 150.00 level will continue to drive upward momentum for USDJPY.
Long
by Samson-FX
USD/JPY fluctuated nearly 149.00 before the US CPI indexCurrently, USD/JPY has ended its two-day uptrend and is trading lower around the 149.00 level in the Asian trading session on Thursday. The USD/JPY exchange rate is facing challenges due to the possibility of the Federal Reserve (Fed) ending its interest rate hike cycle. Accordingly, the Federal Reserve of the United States (Fed) will abandon the idea of raising interest rates. Fed Governor Christopher Waller supports a cautious approach to interest rate developments, stating that tightening financial markets "will be helpful to us." Fed Governor Michelle Bowman leans towards another interest rate hike due to persistent inflation above the Fed's 2% target. Technically, this currency pair is consolidating after breaking out of the uptrend channel at 149.01. However, in the long term, a slight downward correction is expected before reaching the 150.14 level. Surpassing this increase will help propel this currency pair to a new figure at 150.50.
Long
by Samson-FX
USDJPY checks the level of trend support?The USDJPY is currently undergoing a correction in relation to the support level in the context of the corrective movement of the DXY (Dollar Index). Logically, in an uptrend, the support level would push the price higher, but what could happen? On the daily timeframe, the DXY is forming a correction towards a significant support level, which could lead to a price increase. As a result, the USDJPY will begin to form an increased resistance level. Currently, the fundamental situation is quite complex, with the firm stance of the Fed and the USD being influenced by other leverage factors. Therefore, we will start with technical analysis. The currency pair is heading towards a support level in an uptrend. Accumulation near this area can cause confusion and increase the chances of breaking through the next support level. A sell signal (a counter-trend strategy) would be a consolidation below the upward trend support line after a breakout. And a buy signal (a trend-following strategy) would be a false break of the support line.
by Samson-FX
USDJPY is being threatened below the low levelGreetings! It appears that the upward movement of USDJPY came to a halt at 149.15. The currency pair failed to reach the anticipated level of 150.00 as a downtrend formed, and currently, it is being traded at 148.88. Samson suggests that there is a possibility of revisiting the significant level of 147.80. Additionally, Samson still holds a positive outlook on the target price of 150.00. What are your thoughts on the current market situation?
by Samson-FX
Target 150.00 USDJPYGreetings, traders. At present, the market is experiencing a favorable upward trend, with prices remaining high and currently trading around US $149.11. On the 4-hour time frame, the technical analysis shows that there has been no significant breach. It is anticipated that there will be a minor correction to $148.62, followed by a subsequent increase to $150.87. If you find this article and analysis helpful, we would greatly appreciate your feedback in the form of comments and likes.
Long
by Samson-FX
USDJPY Analysis of weekend, expected long termHello dear traders, the USDJPY has increased as predicted during yesterday's trading session. After a strong surge to 149.53, this currency pair has now slightly decreased to 149.24. This pair is considered unsuccessful as it hasn't reached the predicted level of 150.00 yet. It is currently trading at 149.23 USD and is expected to test the support level of 148.00 USD. The downward trend will persist until any positive news can trigger an upward movement for this currency pair.
Short
by Samson-FX
USDJPY retreats within two-month-old rising wedgeUSDJPY began the trading week on a back foot within a two-month-old rising wedge bearish chart formation. That said, the Yen pair snapped a four-week uptrend in the last but failed to confirm the rising wedge, neither it could break the 200-SMA support. However, the RSI conditions and the MACD conditions join the quote’s failure to cross the 50-SMA immediate resistance to keep the sellers hopeful. With this, the bears await a clear downside break of the aforementioned wedge’s bottom line, close to 148.30 by the press time, as well as a break of the 200-SMA support surrounding 147.70, to tighten the grip. It’s worth noting that the monthly low of around 147.30 could act as the final defense of the pair buyers before signaling the theoretical target of the rising wedge breakdown, around the 140.00 threshold. On the contrary, the USDJPY pair buyers need to cross the 50-SMA upside hurdle, near 149.20 at the latest, to retake control. Even so, the 150.00 psychological magnet can test the Yen pair bulls. Following that, the latest peak of around 150.20 and the wedge’s top line of near 150.80 will challenge the upside momentum ahead of directing the buyers toward the previous yearly high of around 152.00. Overall, the USDJPY pair teases the sellers but a downside break of the 147.30 becomes necessary for the bearish confirmation.
by MTradingGlobal
USDJPY with a significant decreaseHello everyone, Samson here. Let's discuss USDJPY today. Today, the Minister of Finance of Japan reiterated that the exchange rate must remain stable, reflecting fundamental principles and the government's readiness to take necessary actions to counter excessive volatility without excluding any options. This, along with overall weak risk sentiment, could benefit the Japanese Yen (JPY) as a safe haven and help limit the appreciation of the major currency. Looking at the technical picture on a H4 timeframe, this currency pair has broken a significant upside level at 148.96 USD. It is currently trading at 148.75 USD, which represents a notable decline for this pair. This indicates that the next trend for this pair is likely to be bearish as it has not been able to surpass 150.00 USD as anticipated. According to Samson's analysis, this currency pair will undergo a retest of support at 147.58 USD before any new developments occur.
Short
by Samson-FX
USD/JPY consolidated nearly 148.50 lossesOn Thursday, there is significant selling pressure on USD/JPY, with the pair trading around 149.00. The long decline of the US dollar and the interest rate of the US Treasury bond have heavily impacted this currency pair. Additionally, concerns about Japanese intervention have further weighed down on USD/JPY. Taking a closer look at the technical analysis on the H4 time frame, it is evident that there is an overall uptrend in this market. According to Samson's perspective, before initiating any upward movement, this currency pair will need to test and hold support at 148.07.
by Samson-FX
1
USDJPY analysis today (October 3)The USDJPY pair is maintaining a high level today, currently trading just below the 11-month high of 150.00 at around 149.68. The couple is waiting for signals from the Japanese government while taking into account the impact of words spoken by officials. The strengthening US dollar and higher yields on US treasury bonds have been driving this currency pair. Analyzing the technical outlook on the D1 timeframe, it is evident that the overall trend remains bullish, indicating that market sentiment still favors buyers. Therefore, it would be wise to align with the main trend and expect a minor adjustment in the short term that may not be significantly impactful.
by Samson-FX
USDJPY started with good increase promising $ 152.00Hello everyone! Let's discuss this currency pair with Samson at the beginning of the new week. USDJPY continues to maintain its strong upward momentum in the new trading session this week. It is currently trading around 149.78 and is extending its gains towards the important level of 150.00, reaching a new 11-month high. On the other hand, this currency pair is also supported by a recent increase in US Treasury bond yields and moderate comments from the Bank of Japan (BoJ). Therefore, it is entirely possible for USDJPY to reach the milestone of 150.00. If it surpasses this level, there is a high possibility that it will serve as a support level for further upward movement in price for this currency pair.
Long
by Samson-FX
Uj needs more power from buyersGreetings to all my dear acquaintances, let's embark on a journey with Selena as she explores the USDJPY currency pair! At present, UJ (USDJPY) is demonstrating ongoing positive movement and is currently being traded at 149.47. The recent release of encouraging data from Japan has provided a boost to this particular monetary combination. Despite short-term challenges in surpassing the psychological resistance level of 150.00, this currency pair continues to receive substantial support due to its overall upward trend. While there may be a slight decrease in price in the immediate future, breaching the significant milestone of 149.6 will likely lend support for long-term buyers interested in USDJPY.
by Samson-FX
USDJPY renews one-year high near 150.00USDJPY extends Friday’s rebound from the nine-week-old rising support line while printing the fresh high of the year 2023. It’s worth noting, however, that the overbought RSI (14) line and lackluster MACD signals suggest hardships for the pair buyers moving forward. Also challenging the upside is the 150.00 psychological magnet and a seven-month-old ascending trend channel’s top line, surrounding 151.00. In a case where the Yen pair stays firmer past 151.00, the previous yearly high of around 151.95 and the 152.00 round figure could lure the bulls. Following that, a gradual run-up towards the 127.2% Fibonacci retracement of October 2022 to January 2023 downside, close to 158.80, is highly expected. Meanwhile, the aforementioned immediate support line joins the late October 2022 swing high to challenge the short-term USDJPY bears around the 148.90-85 zone. However, the quote’s weakness past 148.85 will make it vulnerable to dropping toward the 50% Fibonacci retracement level of around 146.70. Should the Yen pair sellers keep the reins past 146.70, June’s high of around 145.00 might become their favorite. Above all, a convergence of the stated bullish channel’s top line and 61.8% Fibonacci ratio, close to 142.60, becomes the key to witnessing a reversal of the seven-month-long bullish trend. Overall, USDJPY’s pullback appears overdue but the bulls are more likely to keep the reins.
by MTradingGlobal