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USD/JPY_SPT - USD/JPY

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USDJPY_SPT trade ideas

USD/JPY trend 21/11After a long-awaited period, the consolidation of the USD/JPY has finally started following multiple rejections at 152. Since USD/JPY left the S-T uptrend channel(1) the day before yesterday, the selling officially began at the European session yesterday when it dropped below the 149 support level. The targets to the downside are at 100 MA(3) and the bottom of the upward channel (2), both standing near 146.5. There is expected to be strong support around 146.5, and it is critical to keep an eye on the release of the Fed. Minutes later today. If the minutes contain any hints of an early completion of interest rate hikes, there is a chance for further downside movements in the pair. The key is to break below channel(2). If that happens, the uptrend originating from 127 will come to an end, and the USD/JPY may drop further toward 139.5 or even lower. S-T Resistances: 149.5 149 148.2 Market price: 147.46 S-T Supports: 147.2 146.8 146.5 Kindly give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. To
by 1uptick
JPY/USD AnalysisThe JPY/USD currency pair is currently trading at .0067516. There is a potential downward movement anticipated, with a projected support level around .0067004. Following this, a bullish trend is expected, with a potential upward target of .0067837. Traders should monitor the pair closely for confirmation of these levels and adjust their strategies accordingly. Market sentiment and key technical indicators should be considered for a comprehensive analysis. Risk management is crucial to navigate potential fluctuations in the exchange rate. Keep an eye on economic factors and global events that may impact the JPY/USD pair during this period.
by Charts_Maven
1
USDJPY drops to three-week low on breaking 150.00 key supportUSDJPY prints a three-day losing streak as it slides to the lowest level in three weeks amid early Monday. In doing so, the Yen pair justifies the previous day’s downside break of the 150.00 support confluence comprising the 200-SMA and a 2.5-month-old bullish channel’s lower line. Adding strength to the downside bias are bearish MACD signals. However, the oversold RSI (14) line appears to challenge the south-run of late. With this, the 50% and 61.8% Fibonacci retracements of September-November upside, near 148.20 and 147.30 respectively, act as strong challenges for the sellers. Following that, the quote becomes vulnerable to plunge towards the 78.6% Fibonacci ratio of 145.90 and then to September’s low of 144.43. On the flip side, the USDJPY pair’s recovery needs validation from the 150.00 support-turned-resistance confluence. In a case where the Yen buyers manage to keep the reins past 150.00, the last swing high surrounding 151.45 and the monthly peak of 151.90, as well as the previous yearly top of near 151.95, will test the bulls before allowing them to prod the 152.00 psychological magnet. It should, however, be noted that the pair’s successful trading above 152.00 will enable it to challenge the June 1990 top surrounding 155.80. To sum up, USDJPY is likely to witness further downside but the fall appears slow beyond 147.30.
by MTradingGlobal
USDJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDJPY bulls eye another battle with 4.5-month-old resistanceUSDJPY rises for the sixth consecutive day while poking the yearly high marked in October, mildly bid near 151.70 during early Monday. In doing so, the Yen pair justifies an upbeat RSI (14) line while signaling the fourth attack to cross an upward-sloping resistance line stretched from June 30, around 152.50 by the press time. It’s worth noting that the previous yearly peak of near 152.00 guards the quote’s immediate upside. That said, the pair’s successful trading beyond 152.50 enables buyers to aim for the June 1990 high of 155.80. Meanwhile, the 150.00 round figure and the 50-day SMA surrounding 149.20 restrict the USDJPY pair’s short-term downside. Following that, the 100-day SMA and an upward-sloping trend line from late March, respectively near 146.20 and 145.30, will act as the final defense of the Yen pair buyers. In a case where the bears dominate past 145.30, June’s high of near 145.00 can test the downside moves targeting May’s high near 141.00 and then toward the 140.00 psychological magnet. Overall, the USDJPY pair remains in the bullish trend but the upside room appears limited as the multi-month-old rising trend line joins nearly overbought RSI conditions to suggest one more retreat of the buyers.
by MTradingGlobal
USDJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Long
by okako_trading
USDJPY continues to increase pricesHello everyone! Our trading today is still a hot topic of discussion as the sellers and buyers are still locked in a tug-of-war around the 150.00 level. However, it seems that the buyers have a slight advantage, even though the trading volume is expected to decrease today due to the closure of exchanges and banks in Japan for Cultural Day. The round support level at 150.000 is expected to be tested once again. The current resistance level is acting as a barrier for USDJPY at 150.500. Breaking through this resistance level could bring USDJPY back to its previous high at 151.700, with strong support at the two previous levels of 150.000 and 150.500.
Long
by Samson-FX
USDJPY increased sharply with the daily expansion trendToday, the USD/JPY pair is attracting a lot of buying activity on the first day of the new week and seems to have halted its retreat from the 150.75-150.80 level, the highest since October 2022 touched last week. However, Samson still maintains faith in the price and this currency pair is currently trading around the 149.70-149.75 area. It has gained less than 0.10% for the day as traders weigh up a crucial central bank meeting before placing bets on a new direction. So, the Bank of Japan (BOJ) is expected to announce its decision on Tuesday amid increasing speculation about the possibility of changing the yield curve control (YCC) policy. However, this poses a challenge for the bank to escape negative interest rates. This marks a clear divergence from other major central banks, including the Federal Reserve, and the risk appetite sentiment has made the Japanese Yen (JPY) a safe haven and a key factor driving favorable winds for the USD/JPY pair.
Long
by Samson-FX
USDJPY challenges rising wedge on BoJ status quoUSDJPY bounces off 200-SMA while testing the previous day’s rising wedge confirmation as Yen traders respond to the Bank of Japan’s (BoJ) inaction. With this, the risk-barometer pair not only challenges the bearish chart pattern but also teases the buyers, especially amid the looming bull cross on the MACD and a quick rebound in the RSI (14) line. However, the bullish bias remains elusive unless the quote stays beneath the aforementioned rising wedge’s upper line, close to the 151.00 round figure. Following that, the previous yearly top of near 152.00 may prod the buyers targeting the mid-1990 peak surrounding 155.80. On the contrary, the USDJPY pair’s fresh selling needs validation from the 200-SMA support, currently around 149.00. Even so, the monthly low close to 147.30 could challenge the Yen pair bears before directing them to September’s bottom of around 144.45. In a case where the sellers keep the reins past 144.45, the 140.00 round figure will be in the spotlight. Overall, the Bank of Japan’s (BoJ) dovish bias keeps USDJPY buyers hopeful. However, a clear upside break of 151.00 and downbeat comments from BoJ Governor Ueda will help the bulls to keep control.
by MTradingGlobal