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USD/JPY LMAX

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USDJPY_LMAX trade ideas

USING SMART MONEY CONSEPTS WITH MARKET DATATHESE TRADES ARE BASED ACCORDING TO THE METHODS OF SMART MONEY CONSETPS HERE ARE THE FEW KNOWLEDGE ABOUT IT What Is Smart Money? Smart money is the capital that is being controlled by institutional investors, market mavens, central banks, funds, and other financial professionals. Smart money was originally a gambling term that referred to the wagers made by gamblers with a track record of success. HERE I USED INDICATORS COMBINED WITH ANTOHER ONES @ILuvMarkets
Long
by lonac
USDJPY has limited downside room, BOJ, Fed’s Powell in focusA clear downside break of the fortnight-old support line, favored USDJPY bears in the last few days. However, a convergence of the 100-EMA and 38.2% Fibonacci retracement of May 24 to June 14 upside, around 132.00, seemed to have triggered the latest rebound. Also acting as short-term key support is a horizontal area comprising tops marked during late April and early May, surrounding 131.25-35. As the RSI (14) bounces off oversold territory, the aforementioned supports could form the pair’s bottom as traders await Bank of Japan (BOJ) monetary policy meeting results and a speech from Fed Chairman Jerome Powell. Should the quote drop below 131.25, the 61.8% Fibo. level near 129.80 might return to the charts. Meanwhile, a confluence of the 50-EMA and 23.6% Fibonacci retracement level, close to 133.40, guards the immediate upside. Following that, the support-turned-resistance from early June and the latest peak could challenge the USDJPY buyers around 135.60. If at all the quote rises past 135.60, the late 1998swing highs near 137.30 and 138.30 could probe the bulls before directing them to the 140.00 psychological magnet. On the fundamental side, the BOJ isn’t expected to announce any major changes to its monetary policies, which in turn makes the event less important than Powell’s speech. Though, the current environment of central banks providing hawkish surprises might push the traditional dove, which in turn can entertain USDJPY traders.
by MTradingGlobal
USDJPY SHORT GREAT OPPORTUNITYHello Traders, Once again we are here to give a idea about USDJPY technical analysis. Some important things to note for the USDJPY. 1) BOJ is dovis about its ultra loose monetary policy to achieve pre COVID inflation target which leads USDJPY price skyrocket from 116 to 135. 2) Today at 23:30 IST FED is going to declare it's interest rate policy which is Hawkis view prev: 1% forecast: .50% which leads aggressive movment in USDJPY. 3) Later that BOJ will also declare it's interest rate policy which is same as before that is no change in that. So overall USDJPY is still in bullish trend. But from the technical analysis oversold RSI of Weekly, monthly and daily shows sign that rally in USDJPY is overextended. From my technical analysis prospect in weekly graph price is making higher high while RSI forming lower higher-highs which form a negative divergence. Sell USDJPY@ 135-136.500 TARGET 1=> 134.500 2=> 134 3=> 133.800 4=> 133.200 5=> 132.300 SL ==> 137.000 Do your own research before taking trade this idea is only for education purpose. Happy trading to all 🤠.
Short
by forexmaster786
USDJPY: Bullish TriangleUsually this wave structure forms in an impulsive sequence as wave 4 . It consists of 5 sub waves as wave-a , wave-b , wave-c, wave-d and a final setback wave-e . Each of these waves consists of three wave internal structure. Each of the waves should not break their extreme points. The final confirmation to enter the position comes when the price gets close above the level of wave-d. The minimum target of the pattern is just a poke above the level of wave-b and just above the level of wave-3 of the impulsive count. There is also a guideline to predict the target of this pattern which is known as triangular thrust. The triangular thrust is the measurement of the distance from the level of wave-a to the level of wave-b . This measured length should be kept at the point of completion of wave-e (conservative approach) or to the breakout level of wave-d to get the target of this pattern (aggressive approach)
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Long
by TradingSutra
7
A clear opprtunity to SHORT USD/JPY there are a lot of reasons behidn this conclusion many people from gold sachs have also this in their previous interviews that the levels at which japense yen is currently standing are obnoxiously high , it has been over valued by around 30% against the USD and the BOJ and ministry of finanace has also said that the situation is beign monitred by the them very closely . as if the exporters have to pay too much for the RAW material then they wouldnt not be able to make profits from the low values of YEN . by this i can say very coreectly that USD/JPY is going to fall for a very quick testing price .
Short
by shauryasinghrathore419
3