Get started

JPM

USD/JPY Approaches 141.30, Extending Two-Day Decline USD/JPY continues its downward trend for the second consecutive session, trading below the 141.30 level during the Asian hours on Thursday. Improved trade data from Japan in November has exerted pressure on the currency pair. However, less optimistic remarks from Bank of Japan Governor Kazuo Ueda may weigh on the Japanese Yen. From a technical standpoint, the spot price indicates potential recovery below the 142.00 level and appears to have broken the two-day decline. This suggests that breaking below the 200-day Simple Moving Average (SMA) is crucial support for bearish traders. Furthermore, oscillators on the daily chart remain deeply in negative territory, indicating limited resistance for USD/JPY on the downside. Any subsequent upward movement may still be viewed as a selling opportunity and is likely to be capped around the 142.75 level (200-day SMA). This implies that further buying activity leading to a move beyond the 143.00 level could trigger short-covering actions, allowing the bullish camp to reclaim the 144.00 milestone. On the flip side, weakness below the Asian session's lowest levels around the 141.90-141.85 region would reaffirm the short-term trend and make USD/JPY susceptible to retesting below the 141.00 level, or the multi-month lows touched last week. Subsequent declines could potentially pull the spot price towards the intermediate support at 140.45 on the way to the psychological level of 140.00.
by AdmamTrade
JP MORGAN Approaching the ideal sell level.JP Morgan Chase (JPM) has been trading within a Channel Up pattern since the October 12 2022 market bottom. Currently it is on a relentless rally since the October 27 2023 Higher Low, which is technically the Bullish Leg towards the Channel's top and new Higher High. The peak points of the previous two main Bullish Legs of the Channel Up, took place when the 1D RSI formed Lower Highs against the price's Higher Highs, which is a technical Bearish Divergence. Since the price is currently so close to the top of the Channel Up, we will wait for the RSI to form that Lower High sequence and enter a confirmed sell. Our target will be 163.00, which is a projected contact with the 1D MA50 (blue trend-line) and the 0.382 Fibonacci Channel level, which has always been reached during Bearish Legs. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:JPM
by TradingShot
Japanese Yen Weakens on Soft Inflation, BoJ Policy UncertaintyThe Japanese Yen (JPY) faced a decline after softer domestic consumer inflation data, raising uncertainties about the Bank of Japan's (BoJ) potential policy tightening. BoJ's October meeting minutes revealed a consensus to maintain the accommodative policy, contributing to JPY weakness. The USD/JPY pair saw a modest recovery from weekly lows, supported by the USD's modest strength. Japan's core CPI remains at 2% for the 20th consecutive month, and optimism about future wage growth suggests a potential shift in BoJ's stance. However, the market anticipates a more positive U.S. Federal Reserve (Fed) policy easing in 2024, influenced by the U.S. Q3 GDP report. Investors are now watching the U.S. Core PCE Price Index for further guidance on USD/JPY short-term direction. Despite this, the fundamental outlook leans towards JPY strength, indicating a downside bias for the currency pair.
by Larissa-Trader
Japanese Yen Retreats on Soft Inflation, USD StrengthensFrom a technical standpoint, spot prices indicate a potential rebound below the 142.00 level, seemingly breaking the two-day downtrend. This suggests that the overnight break back below the 200-day Simple Moving Average (SMA) is crucial support for bearish traders. Furthermore, oscillators on the daily chart remain firmly in negative territory, indicating minimal resistance for the USD/JPY pair on the downside. Therefore, any subsequent upward move may still be considered a selling opportunity and remains capped near the 142.75 level (200-day SMA). This implies that further buying activity, leading to a move beyond the 143.00 mark, could trigger short-covering actions and allow the bullish camp to reclaim the round figure of 144.00 in the short term. On the flip side, weakness below the intraday low around the 141.90-141.85 region would reaffirm the short-term trend, making the USD/JPY pair vulnerable to a retest of the sub-141.00 level or the multi-month lows touched last week. The subsequent decline could potentially drive spot prices towards intermediate support at 140.45 on the way to the psychological milestone of 140.00.
by Larissa-Trader
JP MORGAN: Can extend this rise to the top of the Channel UpJPM may be overbought on the 1D technical outlook (RSI = 82.199, MACD = 3.72, ADX = 70.645) but is extending the bullish leg of the 14 month Channel Up. It sits comfortably over its middle and calls for an extension. We will enter on the closing of the first red 1D candle and target the 1.618 Fibonacci extension (TP = 174.00), which was the December 1st 2022 HH. See how our prior idea has worked: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMLong
by InvestingScope
"USD/JPY: Japanese Yen Halts Decline, Eyes US CPI Data"The Japanese Yen regained positive momentum in the Asian trading session on Tuesday. USD/JPY partially eroded some of the strong recovery seen in the past two days. Investors are awaiting the US Consumer Price Index (CPI) for fresh impetus ahead of the FOMC meeting on Wednesday. From a technical standpoint, USD/JPY showed a certain degree of recovery last week at the crucial 200-day Simple Moving Average (SMA). The subsequent move exceeded the 23.6% Fibonacci retracement of the recent decline from the vicinity of 152.00, or the YTD high, supporting bullish sentiments. However, the sharp rise during the day halted near the 200-hour SMA, now closing around the 146.50 level. This area will now play a crucial pivot point, and clearing it would allow the price to test the 50% Fibonacci level, around 146.80, and reclaim the 147.00 milestone. Meanwhile, oscillators on the daily chart are deep in positive territory, supporting the potential for some upward action at higher levels. This suggests that the resistance at the 100-hour SMA, around 145.85, may now act to defend the downside just ahead of the psychological level of 145.00. Further selling pressure could push USD/JPY back towards the intermediate support zone of 144.55-144.50 on the way to the 144.00 mark. A convincing break below this level would be considered a strong bearish catalyst, paving the way for deeper losses. On the other hand, the Japanese Yen (JPY) extends its downward trend for the second consecutive day, pushing the USD/JPY pair towards the 146.00 level during the European trading session on Monday. A report on Friday suggested that comments from Bank of Japan (BoJ) Governor Kazuo Ueda last week were misunderstood, and the central bank will maintain the status quo until positive wage inflation begins. This comes alongside weaker-than-expected GDP reports from Japan, indicating the domestic economy remains fragile and expectations of imminent rate hikes may be inflated. Conversely, the US Dollar (USD) attracts some renewed buying interest after betting on an early Federal Reserve (Fed) policy easing was scaled back, proving to be another supportive factor for the USD/JPY exchange rate. Friday's closely watched US employment figures showed a rapid growth pace in November, with the unemployment rate dropping to 3.7%. This indicates signs of underlying strength in the labor market and suggests that current market pricing for a rate cut in March 2024 may be premature. The recent sharp upward move seen around the USD/JPY pair in the past hour may be attributed to some technical buying based on sustained strength beyond the 100-hour Simple Moving Average (SMA). This suggests that concerns about a deeper global economic downturn and geopolitical risks may limit losses for the safe-haven JPY and restrict any further upside moves for the currency. Traders may also limit strong bets ahead of this week's significant event/data risks - US Consumer Price Index on Tuesday and the crucial FOMC policy decision on Wednesday."
by Larissa-Trader
USD/JPY Weakens on Fed Rate Cut Speculation and BoJ PivotThe Japanese Yen has surrendered recent gains against the US Dollar amidst speculation of a Fed rate cut in March and a shift in the Bank of Japan's (BoJ) policies. Despite a day-end recovery, USD/JPY experiences one of its worst trading days in over a year, dropping below 142.00 and closing just above 144.00. Despite the intraday recovery, USD/JPY had one of its worst trading days in over a year, slipping below 140.00 in November last year. Throughout Thursday's trading session, USD/JPY transitioned from a slight decrease to a drop below the 200-day Simple Moving Average, requiring significant progress for a recovery towards the 147.00 handle. The 50-day SMA is currently positioned higher than the price action on Thursday, pushing towards the 114.90 region. Expectations of a Fed rate cut weigh on the US Dollar There is growing speculation that the Federal Reserve has concluded its rate hikes and will commence a rate cut in March, putting pressure on the US Dollar. In contrast, the Bank of Japan is expected to move away from extremely loose monetary policy in the coming months. This, coupled with risk aversion sentiment, offsets the safe-haven appeal of the Japanese Yen. USD/JPY witnessed a more than 4% decline on Thursday, quickly dropping below 142.00 before larger markets staged a modest recovery, pulling the Japanese Yen (JPY) back into a reasonable price range. USD/JPY closed Thursday down by around 2%, while the Yen entered Friday's market session in the green for the week. The Yen saw a broader market recovery following unconventional comments from Bank of Japan Governor Kazuo Ueda, unexpectedly hinting at the eventual end of BoJ's negative interest rate policy, possibly in the early part of next year.
by Larissa-Trader
"JPY Surges to Three-Month High Against USD"The Japanese Yen extended its robust upward momentum against the US Dollar on Friday and kicked off the new week with a positive sign, pulling the USD/JPY pair to a nearly three-week low around the 146.25-146.20 range during the Asian trading session. The US Dollar is attempting to recover from its lowest point in two and a half months at 146.65, supported by a slight rebound in US Treasury yields, which is exerting pressure on the Japanese Yen. On Thursday, New York Fed President John Williams suggested that interest rates could reach their highest point, supporting this perspective. In this context, the analysis of Fed Chairman Powell's conference later today will be closely scrutinized to evaluate the central bank's next steps. On the other hand, growing expectations that the Bank of Japan may move away from its extremely accommodative monetary policy by 2024 are providing some support for the JPY. From a broader perspective, this currency pair maintains a downward trend from its mid-November high near 152.00, with a resistance level at 148.75 likely to limit the upward movement before the late November peak at 149.75. Support levels are identified at 147.77 and 146.65.
by Larissa-Trader
"USD/JPY Holds Near Yearly Highs, Trading Around 151.70"The USD/JPY pair regains positive momentum, partially reversing significant losses from the previous day, returning to the 150.15 zone, the week's lowest level. Intraday buying activity intensified after Japan's GDP print fell below expectations, pushing the spot price to new daily highs. The USD/JPY exchange rate fluctuates around 151.70 during the Asian trading session on Tuesday. The USD/JPY pair maintains its yearly high and has the potential to surpass these levels if the U.S. Dollar (USD) successfully halts recent losses. However, the greenback is facing hurdles from the volatile yields of U.S. Treasury bonds. At the time of writing, the yield on the 10-year U.S. Treasury bond hovers around 4.63%.
by Larissa-Trader
1
USD/JPY Recovers from Recent Losses, Hovers Around 150.50"USD/JPY rebounds from recent losses observed in the previous session following weaker-than-expected US inflation data. However, the pair trades slightly higher around 150.60 in Asian trading on Wednesday. The USD/JPY exchange rate fluctuates around 151.70 in Tuesday's Asian session. The pair holds near yearly highs and has the potential to surpass these levels if the US Dollar (USD) successfully mitigates recent losses. Nevertheless, the greenback faces challenges from volatile US bond yields, with the 10-year Treasury yield hovering around 4.63% at the time of writing.
by Gwen_Humuna
USD/JPY Extends Upside Momentum Beyond 151.00 Level The USD/JPY pair continues to trade positively for the sixth consecutive day during the early Asian trading hours on Monday. The upward movement is supported by higher US Treasury bond yields and hawkish comments from Federal Reserve Chair Jerome Powell. The pair is currently hovering around the 151.70 mark, marking a 0.10% increase for the day. USD/JPY has sustained its winning streak, trading above 151.40 in early European trading on Friday. Unexpectedly hawkish remarks from Fed Chair Jerome Powell had a significant impact, boosting US Treasury bond yields and strengthening the US Dollar (USD) against the Japanese Yen (JPY). However, the Japanese government may consider interventions to limit the upward momentum of the USD/JPY pair in response to these developments. Powell's statement at the International Monetary Fund (IMF) event on Thursday expressed concerns that the current policies may not be sufficient to curb inflation. This sentiment led to an increase in the US Dollar Index (DXY), fluctuating around 106.00, with the 10-year US Treasury bond yield at 4.62% at the time of writing. Despite strong tightening policies from major central banks, the Bank of Japan (BoJ) maintains its accommodative stance. BoJ Governor Kazuo Ueda stated on Thursday that the central bank would cautiously approach exiting extremely loose monetary policies to prevent significant bond market disruptions. However, the Japanese Yen continues to face pressure as the plan to exit extremely loose policies may be delayed due to lower wage increases. Reasonable wage growth is considered a crucial factor for the Bank of Japan to contemplate an exit from prolonged loose monetary policies. Market participants closely monitor Fed's Logan speech and the preliminary Michigan Consumer Sentiment Index for November, seeking signals to identify trading opportunities in the USD/JPY pair.What do you think about this pair?
by Larissa-Trader
1
Japanese Yen Nears 33-Year Low Amid Powell's Rate Hike SignalThe Japanese yen faced rapid depreciation today, approaching levels not seen in 33 years, following signals from Federal Reserve Chairman Jerome Powell that interest rate hikes may continue amid concerns about persistent inflation. The yen traded at 151.44 against the US dollar, showing a slight 0.06% increase from the previous session. On Thursday, Powell reiterated hawkish views on interest rates, challenging market expectations that had predicted rate cuts in 2024. His comments underscored doubts about achieving the Fed's 2% inflation target with the current policy framework, leading the market to reconsider the potential for rate cuts in mid-2024 from June to July. This stance contributed to the yen's worst performance since August, with a monthly decline of 1.42%. The currency's notable slide over the past month hit a one-year low of 151.72 against the dollar on October 31 and is now approaching levels not seen since 151.96. The sharp decline of the yen has drawn the attention of Japan's Ministry of Finance (MOF), raising growing concerns about the need for intervention in the currency market to stabilize the yen and minimize potential impacts on the Japanese economy. The MOF closely monitors these developments as currency exchange rates hover near a crucial level that previously prompted official action.
by Larissa-Trader
6
Nasdaq Bank Index: Putting A Bad Hair Day Into PerspectiveElon Musk still sees danger ahead for the US economy if the Fed does not contain the regional banking crisis. Financial blog Zero Hedge previously tweeted about the critical role of small and medium-sized banks in the US financial system — a hot topic following the sharp collapse this month of Silicon Valley Bank, a technology startup lender and the first bank to be taken over by regulators since the 2008 financial crisis. Small and medium banks account for 50% of commercial and industrial lending and 60% of residential real estate lending, among other loans, notes Zero Hedge with accompanying charts. “If the Fed does not contain the collapse of regional banks, there will be another Great Depression,” it wrote, referring to the economic crisis that lasted from 1929 to 1939. "This is a serious risk," Musk replied to Zero Hedge. According to the US Department of Labor, in 1933, at the height of the Great Depression, approximately 25% of the 12.8 million people in the US labor force were unemployed. This wasn't the first time Musk had intervened on his social media about the collapse of the SVB. Last week, he compared the bank failure to the Wall Street crash of the 1920s that preceded the Great Depression. "There are a lot of similarities this year with 1929," Tesla CEO said in response to a post from Ark Invest' Cathy Wood. Nasdaq Bank Index BSE:BANK includes securities of companies listed on the NASDAQ that are classified under the industry classification benchmark as banks. These include banks that provide a wide range of financial services, including retail banking, loans and money transfers. On February 5, 1971, the underlying NASDAQ Bank Index was 100 points.
NASDAQ:BANK
by Pandorra
5
JPM JPMorgan Chase & Co Options Ahead of EarningsIf you haven`t sold JPM here: or reentered ahead of the previous earnings: Now analyzing the options chain and the chart patterns of JPM JPMorgan Chase & Co prior to the earnings report this week, I would consider purchasing the 147usd strike price Calls with an expiration date of 2023-10-13, for a premium of approximately $1.91. If these options prove to be profitable prior to the earnings release, I would sell at least half of them. Looking forward to read your opinion about it.
NYSE:JPMLong
by TopgOptions
JP MORGAN Buy signal triggered.JP Morgan Chase crossed over the MA50 (1d) and despite the intra day pull back, it is considered a bullish signal. This came after the price hit and bounced on the MA200 (1d). That was the bottom of the 11 month Channel Up. Trading Plan: 1. Buy on the current market price. Targets: 1. 157.00 (under the Resistance, same with the April break out). Tips: 1. The RSI (1d) also crossed over its Falling Resistance. Again similar to April's fractal. Please like, follow and comment!!
NYSE:JPMLong
by TradingBrokersView
2
US30 event risk - a pivotal week of earnings ahead US Q2 earnings this week – Citi, JP Morgan, Bank of America, Wells Fargo, UnitedHealth This week we get the US big money centres out with earnings. The focus falls on asset quality, loan growth/contraction, net interest margins (NIM) and any commentary on the recent tightening of broad financial conditions. When we look at the companies included in the US30, there are only two banks (of the 30 constituents) - Goldmans and JP Morgan. However, the US30 holds an incredibly high relationship with the XLF ETF (S&P financial sector ETF), with a 10-day correlation of 93%. With so many of the major financial institutions reporting, assuming this relationship holds up, the US30 should mirror the movement in the US banks. Another important risk for US30 traders this week is how the market reacts to earnings from United Health (UNH - report on 13 October). UNH commands a massive 10% weight on the US30, arguably the biggest weight on the index. UNH is not a stock that CFD traders look at as closely as a say aTesla or Nvidia, given its more defensive price action. It’s one for the range traders, where buying into $460 and shorting into $520 has worked well over the past 12 months. However, given the weighting, US30 traders should be aware of the influence the stock can offer. The market prices an implied move of 2.6% move on the day of UNHs reporting, which is in fitting with the average price change over the past 8 quarterly reporting periods. UNH has seen some large percentage moves over earnings and recall in the last earnings report the stock rallied 7.2% - so a sizeable rally/decline would influence the US30 given the weight. While macro factors such as moves in bond yields, the USD and oil prices will influence the US30, one can see that earnings this week could also play a major role – time to buy the dip, or are we about to see a leg lower in the index?
PEPPERSTONE:US30
by Pepperstone
JP Morgan Chase to continue in the uptrend?JPMorgan Chase - 30d expiry - We look to Buy at 150.35 (stop at 146.75) The primary trend remains bullish. A Doji style candle has been posted from the base. Although the bears are in control, the stalling negative momentum indicates a turnaround is possible. Daily signals are bullish. A break of the recent high at 150.25 should result in a further move higher. The bias is to break to the upside. Our profit targets will be 159.35 and 161.35 Resistance: 148.87 / 150.25 / 153.00 Support: 143.70 / 142.65 / 140.00 Please be advised that the in formation presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group
NYSE:JPMLong
by VantageMarkets
XLF - Looking Very WeakFinancials charts have completely been rejected by the downscoping trend line. A weekly bear flag looks like it's about to trigger and send price action much lower. Since the daily chart is getting oversold, waiting for bearish consolidation is a wise decision if you are wanting to short. With the rise in yields recently, it's clear the Banks net interest margins are being squeezed. Will we see another banking crisis? The last time we saw the XLF close below the weekly 50MA, we saw a quick 10% drop.
AMEX:XLF
by Trading-Capital
1
JP MORGAN: The final buy signal.JP Morgan Chase is trading inside a Channel Up and the most recent HL was on September 8th. Yesterday the 1D MACD formed a Bullish Cross and one last buy validation signal remains, crossing over the 1D MA50. The 1D technical outlooks already just turned bullish (RSI = 55.829, MACD = -1.250, ADX = 38.742) so we will buy that 1D MA50 cross and aim at a +16% total price increase (TP = 165.00). Prior idea: ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
NYSE:JPMLong
by InvestingScope
JPM - The banking crisis is not overBesides the obvious head & shoulders, as you increase the timeline from 1M to 2, 3 or 6M the more horrendous it gets. Massive bearish divergence in RSI. Price being rejected at the 25 MA, that will most likely lead to a death cross MACD being rejected at the signal line after the inflated march 2020 pump (looking even more rubbish at higher timeframes) PPO printing a bearish alert for the first time in its history at 6M (not shown) I think it will fall to the 0.786 retracement /400 monthly MA / previous top of 50$ minimum . It can go much lower as the MACD suggests, but a 70% is a common retracement for a JP Morgan bear trend and every time it enters a bearish market a retracement to its previous top and to the monthly 400 MA is a guaranteed target. I think this won't affect negatively the cryptomarket as some people suggest.
NYSE:JPMShort
by Zerkaalo