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Usd-jpy

USDJPY Bullish for the rest of the year. Sell in 2025.This time we view the USDJPY pair from a very long-term perspective as there has been much confusion lately over its trend and we want to put things into context. As you can see on the 1M time-frame, the price is getting out of a consolidation phase (blue ellipse) that has been lasting for a little more than a year. The rally since the January 2021 bottom has been enormous but this is not the first time that the pair is pulling out something similar. Since the April 1995 bottom, there have been another 2 such rallies (Nov 1995 - Aug 1998 and October 2011 - June 2015) of +85% and +66.75% respectively. The first peaked marginally below the 1.382 Fibonacci extension while the second marginally above it. This indicates that the pair still has considerable room to extend this rally to and the confirmation is that it ust got out of the blue consolidation phase. The previous two give us a Sell Zone within 171.630 - 190.500. As a result, we will stay bullish on USDJPY probably until the end of the year and start selling in 2025 after the price enters the Sell Zone. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
USDJPY - Short Trade Idea (ICT)This is a short trade idea for the Gopher. There are equal highs as a target above, but I believe we will possibly head to the downside first towards the sellside liquidity and a signature Weekly R2F Gap, coupled with a refined Daily and 6h gap. What I will be looking for is a convincing shift in market structure and displacement on a lower timeframe to validate this narrative, of course, at an appropriate day of week and time of day. Let's see how this plays out! - R2F
Short
by Road_2_Funded
1
USDJPY pull back go on long still on the table Hello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Long on pullbacks should be still the theme,jpy is weak. Long on other jpy crosses can take a look at well. Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
USD/JPY looks set to perk up heading into the weekendThe 1-hout chart shows that prices broken above Wednesdays high before retracing back into a support cluster, which includes the 10-day EMA and daily pivot point. Momentum looks like it wants to turn higher from here, although traders should always be on guard for the 'false move' around the UK/European opens before the 'real move' gets underway. Given the bullish trend structure on this timeframe, the bias is for a move back to the week's high with room for a run for 150.80.
Long
by CityIndex
USD/JPY: CPI Fundamentals Shape Trading OpportunitiesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 149.800 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area. Additionally, the recent release of robust CPI data in the United States has contributed to the bullish sentiment surrounding the USD. The Consumer Price Index (CPI) figures surpassed expectations, indicating a potential uptick in inflationary pressures. This positive economic data has bolstered the strength of the USD, consequently impacting currency pairs like USD/JPY. Trade safe, Joe.
Long
by JoeChampion
2
USDJPY: Evaluating Fundamental Strength Amid CPI SurgeHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 148.800 zone. USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.800 support and resistance area. Looking at the fundamental aspect, recent CPI data in the US has shown a notable increase, indicating potential inflationary pressures. Considering the CPI data for February, which came in at 0.4% versus the expected 0.3%, and the previous month's 0.3%, it suggests a growing trend in inflation. This upward trend in inflation may influence the Federal Reserve's monetary policy decisions, possibly reducing the likelihood of rate cuts in the upcoming months. Trade safe, Joe.
Long
by JoeChampion
USDJPY Bullish within a Double Channel UpThe USDJPY pair has been on a Channel Up pattern since the December 28 2023 Low. That was a Higher Low on a potential (blue) Channel Up running from July 14 2023, as both Higher Lows have been formed on the 1W MA50 (red trend-line). The longer term pattern remains however a Bullish Megaphone on Higher Highs and Higher Lows. The 1D RSI indicates that we might be in a similar spot as May 22 2023 of the previous Bullish Leg of the Megaphone, a structure that peaked on the 1.786 Fibonacci extension level on the Higher Highs trend-line. Before pursuing that target though (161.900 = 1.786 Fib), we will settle for the top of the blue Channel Up at 154.000. ------------------------------------------------------------------------------- ** 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. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
Usdjpy a healthy pullback should be goodHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Bias to watch for setups to go on long like what i did last week. Take note! :) Do check out my stream video for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
Long
by Shadowing_The_Big_Boys
Trading USDJPY: Fed's Influence on Uptrend ContinuationHey Traders, In the coming week, we are keeping a close eye on USDJPY for a potential buying opportunity around the 148.800 zone. USDJPY has been following an uptrend and is currently experiencing a correction phase, bringing it closer to the support and resistance area at 148.800. Adding a fundamental layer to our analysis, it's important to note the recent guidance from the Federal Reserve regarding monetary policy. The Fed's indication that a rate cut in March is unlikely has implications for the strength of the US dollar. Such forward guidance from the central bank can influence market sentiment and impact currency pairs like USDJPY. As traders, it's crucial to consider these fundamental factors alongside technical analysis when making trading decisions. Keeping abreast of central bank communications and their implications for currency movements is key to navigating the forex market effectively. Trade safe, Joe
Long
by JoeChampion
5
Capitalizing on USDJPY's Breakout: A Fundamental PerspectiveIn today's trading session, we're eyeing a buying opportunity on USDJPY around the 148.900 zone. USDJPY recently broke through a significant resistance area and is currently in a correction phase, approaching the retrace area. Technical Analysis: USDJPY's recent breakout above key resistance levels signals potential bullish momentum. The pair is now in a corrective phase, with the 148.900 zone acting as a crucial area for potential re-entry. Fundamental Analysis: Chair Powell's recent remarks regarding the likelihood of a rate cut in March have reverberated through the market. His indication that a rate cut is not the Federal Reserve's base case, coupled with the release of a robust payrolls report, has underscored the strength of the US economy. Despite Powell's access to privileged information, his decision to downplay rate cut expectations suggests a more optimistic outlook for US growth. Historically, strong US economic performance has translated to a positive environment for the Dollar, potentially favoring USDJPY bulls. Combining technical analysis with a fundamental perspective, the outlook for USDJPY appears promising. The recent breakout and correction phase present a strategic buying opportunity, supported by Chair Powell's remarks and strong economic data. Traders should closely monitor price action around the 148.900 zone for potential entry points, keeping a keen eye on broader market dynamics.
Long
by JoeChampion
2
Sell USDJPY Bearish Channel The USD/JPY pair on the M30 timeframe displays a bearish signal due to a well-defined downward channel pattern, suggesting a potential selling opportunity in the coming minutes or hours. Key Points: Bearish Channel: The price has been confined within a descending channel characterized by two falling lines, one for resistance and one for support. This pattern indicates ongoing selling pressure and potential for further decline. Sell Entry: Consider entering a short position around the current price of 148.03, situated close to the channel resistance. This offers an entry point near a potential reversal zone. Target Levels: Initial bearish targets lie at the support levels of 147.37 and 147.03, marking previous support zones within the channel. Stop-Loss: To manage risk, place a stop-loss order above the channel resistance line at 148.40. This helps limit potential losses if the trend breaks unexpectedly.
Short
by KABHI_TA_TRADING
9
Chair Powell's Statements Impact on USDJPY: A Deep Dive AnalysisIn today's trading session, the focus is on the USDJPY pair, with traders eyeing a potential buying opportunity around the 148.100 zone. The currency pair is currently in an uptrend but undergoing a correction phase, with the price nearing the key support and resistance area at 148.100. This analysis is supported by recent statements from Chair Powell, who notably signaled a departure from market expectations by stating that a rate cut in March is not the Federal Reserve's base case. The strong payrolls report further reinforced this message, highlighting the robustness of the US economy. It's essential to consider Chair Powell's perspective, as he has access to more comprehensive information than the markets. Despite this, he chose to push back on rate cuts rather than keeping his options open, indicating confidence in the economy's trajectory. In such scenarios where US growth leads the way, it typically creates a positive environment for the Dollar, adding to the rationale behind monitoring the USDJPY pair for potential buying opportunities.
Long
by JoeChampion
2
USD/JPY bulls eye a move to 150Trading conditions have been choppy over the past week and a half for currency traders whilst the US dollar index has remained trapped between its 50 and 20-day EMAs. But USD/JPY shows the most promise for a breakout, which we suspect could be to the upside. A false break below 147 last week suggests the corrective low could be in, and a 3-day bullish reversal (Morning Star pattern) hints of an upside breakout from its consolidation. The 10-day EMA is also providing support on the daily chart. From here, we're looking for dips within the bullish pattern and ideally for prices to hold above the 10-day EMA to initiate a long. Whilst prices remain above last week's low, the bias is for a move to the 149.58 - 150 zone.
Long
by CityIndex
USDJPY: Reacting to Strong NFP Following Fed's WarningIn today's trading session, our attention is on USDJPY, where we are eyeing a buying opportunity around the 147.400 zone. USDJPY has recently broken out of a downtrend and is currently in a correction phase, approaching the retrace area at the 147.400 support and resistance zone. Adding a fundamental layer to our analysis, we anticipate further strengthening of the USD. The Federal Reserve's indication that rate cuts in March are unlikely has bolstered the dollar's position in the market, contributing to the bullish outlook for USDJPY. Furthermore, today's release of the Non-Farm Payroll (NFP) data for January has added to the bullish sentiment surrounding the USD. The NFP report revealed a significant increase of 353,000 jobs, surpassing the expected figure of 180,000. This strong labor market performance suggests robust economic activity, potentially leading to increased investor confidence in the USD. Consequently, USDJPY may experience upward momentum as traders react to the positive economic data. t's essential to remain vigilant of both fundamental and technical factors influencing USDJPY's movement. The combination of a hawkish stance from the Federal Reserve and better-than-expected economic indicators like the NFP data could fuel further appreciation of the USD against the JPY. Trade safe, Joe.
Long
by JoeChampion
USDJPY:Breakout and Eyeing a potential retrace.In the upcoming week's trading session, our focus is on USDJPY as we anticipate a selling opportunity around the 149.800 zone. USDJPY has recently shifted from an uptrend and is currently undergoing a correction phase, presenting an opportunity as it approaches the 149.800 support and resistance area. As traders, it's important to monitor USDJPY closely as it navigates this correction phase. The 149.800 zone serves as a significant level where price action may encounter resistance, aligning with the broader market sentiment and technical analysis.
Short
by JoeChampion