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Usdjpylong

USDJPY 31 March 2023Analysis: Bullish Flag possible continuation pattern but on RSI we can see bearish Divergence so this can reversal pattern (DOUBLE TOP). So we can have two trade plans one bullish and one bearish we will pick trades by the help of BUY/SELL stop Trade Plan (Bullish Setup/Bullish Flag) Entry (Buy stop) 133.064 Stop loss 132.158 Target 1 133.970 Target 2 134.840 Trade Plan (Bearish Setup/Double Top) Entry (Sell Stop) 132.158 Stop loss 133.064 Target 1 131.277 Target 2 130.357 NOTE: stoploss 2% or 5% risk of the capital. Adjust your lot sizes according to your account size
by khawar_mughal
USDJPY H1: Bullish outlook seen, further upside above 132.50Price is currently hovering above a key support zone at 132.50 on the H1 timeframe. A throwback to this support zone, which coincides with the 78.6% Fibonacci retracement, could provide the bullish acceleration to the resistance zone at 133.80, in line with the 161.8% Fibonacci extension. Price is holding above the 20 EMA and Ichimoku cloud, while Stochastic RSI is in the oversold region below 20, supporting our bullish bias.
Long
by T3-Consultancy
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - As of last day, the MARKET SENTIMENT for USD was slightly UP SIDE. The main reason for that is the JPY starting to weaken a bit and the short-term POSITIVE SENTIMENT against the dollar. Because it came with the NFP REPORT. The dollar weakened slightly after the FOMC last time. But the FED can raise the RATE HIKE or their CEILING RATE whenever necessary. Anyway, it was mentioned in the previous MEETING that the FED is still MONITORING INFLATION DATA. - All MARKETS including STOCKS and COMMODITIES are going down slightly due to MARKET RISK OFF. - There is a very high possibility that USDJPY will go up a bit more and move to 135.88 LEVEL. Anyway, USDJPY price can go down to 124.73 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY LongGood Morning, I hope everyone is having a wonderful week and trading week. What I have here is my analysis for UJ currently retracing, price has broken structure from our diagonal triangle. Now that price has broken and closed above the diagonal triangle structure, we will be waiting for a pullback and a rejection in my demand zone. Once price drops into the demand zone and has a strong rejection in that area, twill be executing a long buy and hold until price reaches the 134.500 area. If any of you have a similar chart analysis and/or agree with this et up, please leave a like and a comment. Thank you
Long
by NoPumpFakesFx
USDJPY - Long from bullish order block ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we can see that price failed to create a new lower low and broke the last high so for the confirmation of bullish market structure I expect price to fill the imbalance lower and then to reject from bullish order block. Fundamental analysis: On Thursday 30th of March we have news events on USD, will be released final GDP for first quarter of 2023. The forecast for GDP is to remain the same as per last quarter, which means we would not have such big moves in market, however we should look for the results in order to validate our analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
USDJPY: Potential Buying Opportunity Ahead Hello traders. Looking at the naked daily charts on USDJPY, I sported a key level of Support and Resistance where I do expect the price to rise from there. Moreover looking at the recent price action we can see pin bar which is a great signal of price rejection from the level. For safer entry we shall switch to lower time-frames, putting other factors into consideration. What is your option on USDJPY? Please comment , like and follow for more. I kindly appreciate that 🙏, Nivea trading 🙌
Long
by eradytrader
Bullish Reversal to USDJPY on 1H timeframeAn emergence of a divergence in the USDJPY pair in a 1H timeframe signals a potential reversal to a bullish trend . Furthermore, I could see there was an evident falling wedge pattern that could be witnessed, signaling a possible opportunity to long the position Strategy to approach this potential long trade for USDJPY: 1) Wait for the price to break previous LH. 2) Based on the calculation of lot size of 1.13, I would place a Buy stop on breakout point at 130.518 3) Stop Loss - 129.623 4) Keeping the risk/reward ratio to 1:1, I kept the Take Profit 1 level at 131.507 Strategy once Take Profit 1 is achieved: 1) Once Take profit 1 is achieved, I will revise the Stop loss level to the previous Take Profit 1 level i.e. 131.507 for breakeven. 2) For the 2nd leg of the trade my Take Profit 2 is 132.507
Long
by osamanaseem
USDJPY LongThis idea is still valid yesterday I gave The idea about USDJPY and it didn't confirmed the break out AND Price went falling down but USD JPY IS still we can long .wait for the Divergence confirmation once the Bullish divergence Confirmed We can enter to the long position. My target is DM(Daily mid) line. This is my personal view about this currency. Lease do your own research and follow your trading rules....IF u like to my idea pleas give me a boost and follow me through Trading view.
Long
by HASH_TAG
USDJPY - Short after filling the imbalance ✅Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: As we can see here we are in a bearish market structure, so I am looking for shorts. I expect price to continue the retracement as on MACD we have normal divergence which indicates bullish price action. As well I see price to fulfill the imbalance higher and then to reject from bearish order block for a short position. Fundamental analysis: Tomorrow we have news events on USD. Federal Reserve of USA planned to raise interest rate by 0.25%, also we have FOMC Press Conference the same day. The raise of interest rate means strength of currency this could support our bearish price action. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD