USDJPY Retracement?Price has broken previous High, it has also been pushing with good momentum. It is only right that it breathes a bit in other to continue with the up momentum. What do you think? Shortby pelumiajilore631
USDJPY: Sell now?Hello dear friends, are you curious about the direction of USDJPY today? At the beginning of Friday, the USDJPY pair showed a slight decline, pausing its strong upward momentum when encountering resistance near the record high level. The Japanese Yen strengthened after the release of Japan's consumer inflation data. Uncertainty about the future policy steps of the Bank of Japan could hinder further price increases. The modest decline of the US Dollar is causing some pressure, although weaknesses are somewhat contained. Looking ahead: Technical analysis charts indicate the formation of a double top pattern. In this scenario, the SELL strategy will be prioritized, targeting 150.70 and then 149.21 respectively.Shortby RKarinaUpdated 1114
USD JPY PRICE WILL BE DOWN FALL TILL 150.996 PRICE TAKE A SHORTUSD JPY PRICE will be DOWN FALL TILL 150.996 PRICE take a SHORT ENTRY ,follow for more live updates @FOREX_TRADER_007 Shortby FOREX_TRADER_0073
USDJPY : Gentle adjustment!What are your opinions on the USDJPY currency pair? The value of USD/JPY has surged to its highest level in several years, reaching 151.000 as the Japanese yen weakens and the US dollar strengthens. This turnaround at such levels is believed to be a result of possible intervention by the Bank of Japan (BoJ). According to MUFG analysts, a yen weaker than 150.000 becomes uncomfortably weak for the BoJ, which could prompt intervention by using its foreign currency reserves to purchase yen. There is still potential for USDJPY to continue rising, with the possibility of "breaking through the peak of 151.75 if the support around 150.500 remains firmly defended."Longby RKarinaUpdated 4428
USDJPY: still rising strongly!Hello everyone, are you curious about the upcoming trend of USDJPY? USD/JPY hit a year-to-date high near 151.50 early Wednesday, as the Japanese yen fell to a multi-month low following the BoJ's mild interest rate hike on Tuesday. Fed hawkish expectations will strengthen the dollar and further support USD/JPY. If the pair is breached and successfully clears above the record high of 151.889, the bulls will have more opportunities to push the price to the first level of ignorance at the 1.618 mark of the Fibonacci extension in the theory of DOW theoryLongby RKarinaUpdated 23
USDJPY: New support support!Hello everyone, today USDJPY continues its recovery streak and is fluctuating around the 147.65 level after receiving some price-boosting momentum from yesterday evening when the USD rebounded and started to recover. The currency pair has formed a new support level around the 146.75 region. The Japanese Yen (JPY) has struggled to capitalize on modest gains during the day and has declined for the third consecutive day. Therefore, given this situation, we can still expect further price increases for USDJPY. The two main targets as well as the resistance levels that this currency pair needs to overcome in order to continue its upward movement are 148.65 and 149.35 respectively.Longby RKarinaUpdated 17
USD JPY PRICE WILL BE DOWN FALL TILL AT 151.152 TAKE A SHORT USD JPY PRICE will beDOWN FALL till AT 151.152 take a SHORT ENTRY as shown in the picture nd also follow for more live updates @FOREX_TRADER_007 Shortby FOREX_TRADER_0074
"USD/JPY: Superbullish Momentum Awaits Breakthrough for Continua Amidst the forex markets, the USD/JPY pair is exhibiting remarkable bullish momentum, poised for a potential breakthrough to extend its upward trajectory. This superbullish sentiment reflects a confluence of factors, including robust economic data, shifting monetary policies, and geopolitical dynamics. Traders and investors alike are eagerly awaiting the decisive breakthrough of key resistance levels, anticipating the continuation of this bullish trend. Delve into the intricacies of USD/JPY dynamics, analyze the technical indicators, and explore the fundamental drivers shaping this currency pair's outlook. Stay informed and prepared to seize opportunities as the USD/JPY chart sets the stage for potential further gains. @johntradingwick Longby jadhaodipak9990
USDJPY jumps 100 pips even as BoJ exits negative-rate policyUSDJPY refreshes a two-week high during a six-day uptrend even as the Bank of Japan (BoJ) takes a historical decision to end the Negative Interest Rate Policy (NIRP), as well as the Yield Curve Control (YCC). It’s worth noting, however, that such a move was widely anticipated and hence, a “sell the fact” reaction appeared on the chart. However, a three-week-old falling resistance line surrounding the 150.00 psychological magnet and the overbought RSI (14) conditions seem to challenge the Yen pair buyers. Even if the quote manages to cross the 150.00 hurdle, a slightly downward-sloping trend line from mid-February, near 150.80 at the latest, quickly followed by the 151.00 round figure, will challenge the bulls afterward. Meanwhile, the USDJPY pair’s pullback appears widely expected and hence the short-term sellers can aim for the 149.20-15 support confluence comprising the 100 and 200 SMAs. However, a one-week-old rising support line surrounding 148.85 could test the Yen pair sellers afterward. In a case where the bears keep the reins past 148.85, the February 07 swing low of around 147.60 and the current monthly bottom of 146.48 will be in the spotlight. Overall, the USDJPY pair’s immediate reaction to the BoJ’s decision appears less logical and is likely to be reversed. However, Wednesday’s Federal Reserve (Fed) monetary policy decision will be the key in determining the same.by MTradingGlobal0
USDJPY 4H sell bias | Looking for sell opportunity Confirmations :- 1] Market structure shift 2] Equal lows - liquidity 3] looking for the sell candle confirmation Target :- 1] Imbalance areaShortby Mindful_trader013
USD/JPY: Riding a Super Bullish Wave, Awaits Breakout of PreviouThe USD/JPY currency pair is currently experiencing an immensely bullish momentum, with its price trajectory indicating a strong upward trend. Market sentiment surrounding the pair is overwhelmingly positive, with traders eagerly anticipating a breakthrough past the previous high. As the USD asserts dominance against the JPY, investors are closely monitoring key resistance levels, poised for a potential surge beyond previous barriers. With indicators pointing towards sustained bullishness, the stage is set for USD/JPY to potentially breach its previous highs, signaling further upward movement in the pair's valuation. Traders are advised to keep a watchful eye on market developments, as a breakout could signify lucrative opportunities for profit-taking and strategic positioning in the forex market. @johntradingwick @TradingView Longby jadhaodipak9993
USDJPY SELLMarket going to down trend in higher time frame. In the 4h time frame market correction phase complete to moving downShortby PRAKASHNEPA1
USDJPY Strategy: Navigating Economic Data & Market Trends Welcome to our daily strategy session, where we dive into the current dynamics of USDJPY and outline potential moves for today! USDJPY is currently retreating, having found support amid a bullish sentiment around the 146.50-146.30 region. However, the plot thickens. Uncertainty surrounding the Bank of Japan's (BoJ) policy moves and a renewed appetite for the US dollar are injecting optimism into this currency pair. Yet, an upcoming slew of significant US economic data could introduce unpredictable price volatility. Today, the market anticipates retail sales figures. A positive outcome would underscore strong consumer spending, potentially reinforcing the belief that the Federal Reserve (Fed) will maintain steady interest rates in the first half of the year. This could further bolster the USD against the JPY. Looking at the daily chart, USDJPY appears to be encountering a price reaction around the 0.5 and 0.618 Fibonacci levels. I remain optimistic that USD/JPY will exhibit a similar response, especially as a detailed analysis reveals that the pair is facing resistance from a head and shoulders pattern, accompanied by a declining handle. Therefore, breaking through the psychological support level of 146.00 could pave the way for lower prices. It is anticipated that USDJPY will decline after reaching the 148.69-148.17 range and testing the 34.89 EMA line. Should USDJPY draw strength from this support level, we might witness a bullish rebound. However, price consolidation below this mark would indicate that the market is gearing up for a deeper decline. Shortby RKarina4
#usdjpy #usd #dxy #xauusdUSD Moves down side.. it's causing gold pair goes up.. don't get sell at gold for confirmation.... USD pull support level for upcoming day's. ✓ 30min Trend line breakout ✓ tripple top ✓ H1 engulfing #xauusd bullish #usd data bearish Shortby Mrsubash1
"If USD/JPY Breakout Failure: Potential Downside Ahead" In the dynamic forex market, USD/JPY is at a critical juncture as a potential breakout looms. However, recent indications suggest that if this breakout fails to materialize, the pair could face increased vulnerability on the downside. Traders are closely monitoring key support levels and market sentiment for clues on the direction of the USD/JPY pair. Stay informed on the latest developments and potential trading opportunities as market dynamics continue to evolve. Shortby jadhaodipak9991
USDJPY: BUY opportunityHello traders, this is a comprehensive analysis report. The price reversal is going up, indicating a strong buying opportunity for USDJPY. Traders, if you like this idea or have your own perspective on it, please leave a comment. I would be delighted to hear from you.Longby RKarinaUpdated 7
USDJPY probes four-day losing streak despite upbeat Japan GDPUSDJPY seesaws at the lowest level in five weeks as bulls and bears jostle after the biggest weekly loss in eight months. In doing so, the Yen pair fails to justify better-than-previous Japanese GDP while challenging the four-day losing streak. That said, the oversold RSI (14) conditions and the 200-SMA support of near 146.30-25 also challenge the quote’s further downside. Following that, the mid-2023 peak of around 145.00 could act as an intermediate halt before directing the bears toward the late 2023 bottom of 140.25. Meanwhile, the USDJPY pair’s rebound needs validation from the 100-SMA level of 147.60, as well as the support-turned-resistance line stretched from early January, close to 148.80 at the latest. However, the 150.00 threshold and multiple tops surrounding 151.00 could check the Yen pair buyers afterward. Also acting as the upside filter is the previous yearly high of 151.90 and a one-year-old previous support line, now resistance around 152.80. Overall, the USDJPY pair’s sustained trading beneath the key technical supports, now resistances, join the bearish MACD signals to keep sellers hopeful. However, the oversold RSI and nearness to the 200-SMA might challenge the quote’s short-term downside.by MTradingGlobal0
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.Longby okako_trading3
waiting for breakdown in btcusdit is currently in a downtrend so we are on short side previous history suggest for waiting to let it breakdown with good volume so here is the plan as per shown on chart @TradingView Shortby jadhaodipak9991
USDJPY: Downward pressure remainsHello dear friends, as expected, our USDJPY pair has declined to the support level at 147.84 and is showing signs of consolidation. In this case, a cup pattern is also forming, and a corrective rally may occur, although it is unlikely to last long as the market is still anticipating an interest rate cut in the near future, which would weaken the USD and limit the recovery of USDJPY. The expected price decline will continue if it reaches the 0.5 - 0.618 Fibonacci level (around 148.700). The target for sellers this time is 146.34. Wishing you happy and successful trading.Shortby RKarinaUpdated 16
"Shorting USD/JPY: Riding the Downward Trend Below Support"Explore the lucrative opportunity of shorting the USD/JPY pair as it ventures below crucial support levels, signaling a compelling downward trend. Dive into this comprehensive guide to understand the dynamics at play, including key support levels breached and the underlying market sentiment. Learn how to capitalize on this trend by implementing strategic short positions, leveraging technical analysis, and managing risk effectively. Stay ahead of the curve and maximize your trading potential with this timely insight into trading USD/JPY on the downside. @TradingView Shortby jadhaodipak9990
USDPJY: Still under heavy downward pressure!Hello dear friends, what do you think about USDJPY? In contrast to its counterparts such as EURUSD and GBPUSD, USDJPY continues to bear the heavy pressure of depreciation, with prices weakening further on Thursday. Currently, this currency pair is trading at the level of 148.50, experiencing a loss of 0.56% for the day. This currency pair continues to face difficulties as the US Dollar weakens amid market expectations of a rate cut by the Federal Reserve in their June policy meeting, which is escalating. Looking at the prospects from a technical analysis perspective: This currency pair is on its way to find support at the level of 148.10, and prices may recover from this point. However, the recovery may not last long as the EMA 34 signal has started to reverse and USDJPY has broken through the strong support level at 149.700.Shortby RKarina1114
USDJPYHello dear friends! Today, the USDJPY pair continues to trade deeply around the 150.32 level and maintains a sideways trend. It is expected that there will be no significant breakthrough in price today as no information will be released during the day. Resistance levels: 150.64, 150.800 Support levels: 149.95, 149.700by RKarinaUpdated 25