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Usdjpylong

Looking for a bullish breakout from USD/JPY's consolidationA bullish engulfing candle formed on Friday thanks to a hot US inflation report. The fact that incoming BOJ governor Ueda delivered a dovish message at his confirmation hearing simply adds to our bullish conviction on USD/JPY. Prices are now consolidating on the 1-hour timeframe, so we'd welcome any pullback towards the weekly pivot point to consider long setups, with the next bullish target sitting around the weekly R1 pivot (137.30). The OBV remains elevated to suggest the rally has been supported by bullish volume, so we're also on guard for a bullish breakout from the current consolidation.
Long
by CityIndex
#USDJPY- 500 PIPS BULLISH MOVE EXPECTED-Hello Traders, so we had to send an updated setup to everyone who has been waiting for USDJPY to go all the way up and that is why after BOJ announced their decision to not change the monetary policy. We waited whole day yesterday for UJ to settle down and have a clear view!. -Sellers are being exhausted and failed to take this pair lower low even when JPY BEING too bullish suggesting we are at the verge of having a strong bullish impulse. WHAT YOU ALL THINK? PLEASE DO LET DOWN YOUR VIEWS IN COMMENT!! PLEASE DO LIKE AND FOLLOW TO SUPPORT US SO THAT WE CAN KEEP SENDING THIS HIGHER PROBABILITY SETUPS!!
Long
by Setupsfx_
30
Currently USD/JPY trades in 5th wave and can continue to riseHello traders, I want share with you my opinion about Japonese Yen. Looking at the graph, we see how the price left the range and begin to grow, thus forming Elliott waves.On the four-hour timeframe, we can see the Japanese Yen currently trading in the 5th wave moving towards the seller zone. By switching to an hour-long timeframe, which is on the chart on the right, we can see how the price inside of the 5th wave of the senior timeframe forms upward heel wave impulse. Currently, the price has finished 4th correction waves, testing the support area from which it bounced back and started to rise. I think the price started moving in 5th impulse wave and may continue to grow.So for the Japanese yen, I see at level 137.35. Please share this idea with your friends and click Boost 🚀
Long
by LegionQ8
2
USDJPY Long Term Analysis (4H Chart)Technical Analysis Summary USDJPY TREND ANALYSIS We have 1 Uptrend in green color Internal Trend (Long Term) Be careful trends need to be modified when broken to the new peaks(Downtrend) and lows (Uptrend). FUTURE PREDICTIONS We have many resistance and support levels that I have mentioned above. I use thickness as an indicator of strength of levels (ONLY FOR VISUALS). White levels Levels are very tight stop losses that could be used in high leverage future trading. Good luck everyone, stay safe! If you need help ​don't hesitate to send me a message or comment If you find this content beneficial please don't forget to LIKE and FOLLOW Trading Involves High Risk Not Financial Advice
by husseindergham
USDJPY | Perspective for the new week | follow-up detailsSince the last publication; price action moved over 400 pips in our direction (see link below for reference purposes) as the Greenback rose 0.6% to close the week just below the 135.000 zone. The Japanese yen was among the worst-hit Asian currencies as the US Dollar hit a six-week high against a basket of currencies after stronger-than-expected inflation readings and hawkish comments from Federal Reserve. This video illustrates what we should be expecting from the current market structure in the coming week as price action trades between the 133.900 and 135.000 range. 00:50 Reference to last week's daily commentaries and results 05:30 USDJPY analysis on Daily Timeframe 09:50 Macroeconomic event for the week 11:00 USDJPY analysis on the 4H Timeframe 13:10 Conclusion on next week's projections Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) has a high risk and is not suitable for all investors. The content of this speculation (including all data) is organized and published by me for the sole purpose of education and assistance in making independent investment decisions. All information herein is for your reference only and I take no responsibility. You are hereby advised to carefully consider your investment experience, financial situation, investment objective, risk tolerance level, and consult your independent financial adviser as to the suitability of your situation prior to making any investment. I do not guarantee its accuracy and is not liable for any loss or damage which may result directly or indirectly from such content or the receipt of any instruction or notification therewith. Past performance is not necessarily indicative of future results.
by darcsherry
1
USD/JPY swing low in place?Hawkish Fed members have helped to push US yields and the dollar higher. We saw some volatility across yen pairs on Friday after the favoured candidate to success Kuroda (and a dove) pulled out of the nomination, and Japan’s PM backed a more hawk candidate. If a hawk takes the helm, the yen will likely strengthen on hopes that the BOJ will abandon YCC. But until that happens, the BOJ remain dovish – and USD/JPY continues to appear oversold to my eyes. A bullish pinbar formed on Friday after a failed attempt to break below the 130.67 high, and we’re now looking for bullish momentum to return and taker the yen towards the 200-day EMA around 133.75.
Long
by CityIndex
Upside risks for USD/JPY continue to buildIt may have taken a few weeks, but markets are finally pricing in what we argued all along; a higher terminal rate and no cuts this year. If you cast your mind back to the Fed’s recent 25bp hike, it is fair to say the Fed were not impressed with the market’s original response. Fed fund futures not only lowered the terminal rate to 5% but even began pricing in two cuts this this. And that has all been reversed, and rightly so in our view. Fed members were quick to respond and read from the same hawkish script, with little success early on as markets continued to call ‘bulldust’ on their rhetoric. That is, until a strong Nonfarm payrolls report shook things up, as it paved the way for further hikes. Yet it has taken over two weeks, a plethora more hawkish comments and strong data for markets to slowly wake up to the fact that a higher terminal rate is the more likely path for the Fed, and for us to forget about cuts this year. And that is the scenario we have backed throughout. February data which has underscored the Fed’s hawkish stance include (but not limited to): • Nonfarm payrolls 517k (185 expected, 186k previous) • Unemployment 3.4% (3.6% expected, 3.5% previous, near historic lows) • ISM services 55.2 (50.4 expected, 49.2 previous) • CPI 6.4% y/y (6.2% expected, 6.5% previous) • Retail sales 3% y/y (1.8% expected, -1.1% previous) • Core retail sales 2.3% (0.8% expected, 0.4% previous) • PPI 0.7% m/m (0.4% expected, -0.2% previous) Fed fund futures now imply: • 76% chance of a 25bp hike in March (down from over 90% two weeks ago) • 25.5% chance of a 50bp hike in March (up from 9% two weeks ago, or 0% three weeks ago) • A terminal rate of 5.5% in June (up from 5% terminal rate after the Fed’s last meeting) • Less than a 35% of a 25bp cut in December (two cuts were being priced in after the Fed’s Fed meeting) What are we looking for in the FOMC minutes? For current market pricing to be sustained (or justified, for want of a better word) we’ll need to see a more finely balanced debate over a 50bp hike versus a 25bp in Feb or even March. Markets took it for granted that a 25bp was a given in February, so any uncertainty surrounding this assumption would knock confidence that another 25bp hike in March is a given. And that could send the US dollar and yields higher, and the stock market and gold lower. USD/JPY daily chart USD/JPY reached our upside target around the 200-day EMA / 161.8% Fibonacci projection outlined last Monday, following its false break of 130 and prominent bullish pinbar. Momentum is clearly pointing higher overall, and the recent repricing of Fed fund futures and rise in bond yields ahead of the FOMC minutes provides hope that its trend can continue (if the minutes are deemed to be hawkish, as we suspect). The high around 138 are the next major resistance level, near where another soft US CPI print and the BOJ widening their YCC band originally sent the pair lower.
Long
by CityIndex
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 definitely a high chance that USDJPY will go UP a bit more and move to 142.35 LEVEL. Anyway, USDJPY price can go down to 130.642 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
by benny_marshall
USDJPY - Short from bearish order block ✅Hello traders! ‼️ This is my perspective on USDJPY . Here we are in a bearish market structure from daily perspective, so I am looking for shorts. I look price to continue the retracement to fulfill the imbalance and then to reject from bearish order block + institutional big figure 136.000. ‼️Attention!!! Due to the fact that we have news events on USD this week, the analysis can be invalidated. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
4