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Usdjpyshortsetup

USDJPY. The Japanese Yen (JPY) extends its steady intraday descent against its American counterpart, pushing the USD/JPY pair to a fresh weekly top, closer to mid-155.00s heading into the European session on Wednesday. This comes on the back of the previous day's turnaround and supports prospects for a further JPY depreciation on the back of the uncertainty over the timing of another interest rate hike by the Bank of Japan (BoJ).Bank of Japan Governor Kazuo Ueda earlier this week warned against keeping borrowing costs too low and signaled another interest rate increase, was vague on the timing and offered no hints about a hike in December.Meanwhile, rebounding US Treasury bond yields revive the US Dollar (USD) and further contribute to driving flows away from the lower-yielding JPY. Apart from this, a generally positive risk tone seems to undermine the safe-haven JPY and suggests that the path of least resistance for the USD/JPY pair is to the upside. That said, intervention fears could limit JPY losses ahead of speeches from influential FOCM members.
Short
by KingForex078
USDJPY: First Entry dropped 400 pips, Focusing on ReentryDear Traders, OANDA:USDJPY first entry dropped successfully 400 pips, now there is possibility of price filling up the liquidity and dropping from that region. Bullish price will likely to push the price up to our area of entry where price will fall strongly. Use accurate stop loss and take profit as described in our chart, if you have any doubt or finding it hard to understand something, please leave a comment. good luck and trade safe as always
Short
by Setupsfx_
7
USDJPY SELL | Setup Trading AnalysisHello Traders, here is the full analysis. Short after the BULL RUN. GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
3
USDJPY Shorts from 145.500 back down towards 142.000This week's strategy involves following the ongoing bearish trend in USDJPY. I plan to initiate sell positions around the newly formed 4-hour supply zone. To execute this, I'll wait for a redistribution pattern to unfold and a clear CHOCH signal before considering a sell. It's important to note that there's a possibility of price pushing higher to test the 14-hour or daily supply above. Considering that price has already reacted to a supply zone, it wouldn't be surprising if it continues lower towards the 15-hour demand zone. In such a scenario, I'll be on the lookout for a buying opportunity, but I'll wait for the Asian low to be breached within that zone, potentially in the form of a spring, before considering a buy. Confluences for USDJPY Sells are as follows: - 4hr or 14hr supply zone that has caused a break of structure to the downside. - Price is completed a retracement so we can expect a wyckoff distribution to play out. - Lots of major trend lines still left below on the high time frame that needs to get swept. - Price has been in a very bearish trend ever since it failed to take the all time highs. - The dollar is also looking bearish so I can expect more downside for this pair too. P.S. As I currently hold a strong bearish stance on USDJPY, I won't be surprised if the demand zone fails due to significant liquidity below it. However, at the moment, my primary focus is on potential sell opportunities, considering that price has recently completed a retracement. My strategy aligns with the prevailing bearish trend.
by Hassan_fx
1
USDJPY Shorts from 142.500 down towards 140.000My bias for USDJPY is pro-trend, aiming for a bearish move within a nearby 10hr supply zone. Currently, I expect a bit more upside and a redistribution within my point of interest (POI). Upon confirmation of these factors and other confluences, I'm inclined to sell down towards the psychological level of 140.000. I am also anticipating a bullish reaction from the 7hr demand, which has caused a break of structure (BOS) to the upside, I recognise the importance of waiting for price to reach a discounted or premium area due to its current equilibrium state. However, considering the recent BOS to the downside, I anticipate a retracement to a supply zone for a potential sell-off. Confluences for USDJPY Sells are as follows: - price has broken structure to the downside and has left clean 10hr supply zone. - Price is currently in a retracement so we can expect a wyckoff distribution to play out. - Lots of major trendiness still left below on the high time frame that needs to get swept. - Price has been in a very bearish trend ever since it failed to take the all time highs. - The dollar is also looking bearish so I can expect more downside for this pair too. P.S. As this trade aligns with the prevailing trend, the selling proposition is currently highly favorable. While the Fibonacci range indicates that the 14hr supply is more likely, I foresee the possibility of the 10hr supply failing to react off the 14hr at a more premium level. HAPPY NEW YEARS TO ALL OF YOU AND HOPE THIS YEAR BRING EVERYONE PROFITABILITY AND CONSISTENCY. LETS CATCH THESE PIPS!
by Hassan_fx
1
USDJPY Shorts from 143.500 down towards 140.000Currently, with the recent reaction from the 22-hour demand zone, there's an expectation for a retracement towards a nearby supply to trade in line with the trend. At the current price, I'll wait for the small bullish reaction to lose steam in order for price to distribute. Once the Wyckoff distribution occurs on the lower time frame, accompanied by a CHOCH, I plan to initiate sells targeting the 140.00 mark, a zone associated with strong demand. However, I'm also mindful that the price might ascend further and react off a more premium supply above. Confluences for USDJPY Sells are as follows: - This bias aligns with the current bearish trend that has been perpetuated. - Lots of major trend lines, equal lows and asian lows below on the higher time frame. - There's a near by 14hr supply zone that looks promising and a better supply on the 10hr just above it. - For price to maintain its bearish trend it must react off a supply to trigger another sell off. - Bullish pressure is looking exhausted and we could see a wyckoff distribution play out soon. P.S. Regarding the overall market sentiment, it remains evidently bullish. However, with a strong emphasis on respecting the all-time high (ATH), I am steadfast in my belief that a long-term bearish trend is likely to emerge, given the significant liquidity present below. This is why selling positions are highly preferable and exhibit more favorable reactions. If you found this post insightful, drop a like & comment!
Short
by Hassan_fx
1
USDJPY Shorts from 147.000 down to 140.000My breakdown for USDJPY this week involves sustaining its temporary bearish trend. Currently, the price has shown a bullish reaction at our identified Point of Interest (POI), resulting in a pullback to tap into a Daily supply zone above. Following this, our strategy involves anticipating a redistribution on lower time frames to facilitate selling opportunities, targeting the equal lows. Considering the impact of NFP Friday on our demand, we await the formation of a correction to prolong the downward trend. In case the price opts for breaching equal lows first, our plan involves waiting for entry at the 7-hour demand zone, presenting an opportunity to buy at a more favorable price. Confluences for USDJPY Sells are as follows: - Price retraced from a 2-day demand and now slowly approaching a daily level of supply zone. - Supply Zone is on the daily time frame that has also caused a Break of structure to the downside. - Lots of liquidity to the downside in the form of equal lows, and major trendlines. - Price needs to fill the imbalance as well which has been left from the supply zone. - The dollar is also expected to be bearish so this pair is also projected to move in a similar way. P.S. Since the price on the higher time frame couldn't surpass the all-time highs and experienced a significant sell-off, my expectation is that the price may continue its decline to target substantial liquidity below. Consequently, I am inclined to seek pro-trend trading opportunities to prolong this downward movement, aiming for the 140.000 mark.
Short
by Hassan_fx
1
USDJPY Shorts from 149.500 down towards 147.500My bias for USDJPY is bearish due to the fact that price has reacted off the last supply from the whole chart, and has now given a CHOCH and BOS's on the higher time frame. Price has also took all the liquidity that was left above leaving price to now melt downwards and target all the asian lows, trend lines, equal lows, and imbalances that was left previously. Currently, price has reacted nicely off an 8hr supply which we can enter imminent sells to target the (8hr) demand below at 147.500. I am expecting the 8hr demand to cause a retracement back up but from there we can take short term buys up to a premium supply around 150.500. As Wyckoff distribution has been completed we can look for the asian high to get swept in order to enter our sell positions because a CHOCH has already been presented to us on the 15min. My confluences for USDJPY Shorts are as follows: - Price has taken all the magnets that lies above and reacted off the last supply of the chart. - Price has CHOCH'd and BOS on the higher time frame confirming a bearish trend. - Lots of liquidity to the downside in the form of trend line liquidity, asian lows, EQLs and IMB's - Wyckoff distribution has been completed on the Higher time frame and now melting. - A re accumulation has been presented inside our current 8hr supply in which we have got a clean reaction from. - Dollar (DXY) is also temporarily bearish for me so it matches with my sell bias for this market. P.S. even though we are bearish I would also be interested in buying from 147.500 up towards 150.500 or higher to then eventually sell again. For now, we will see if price reaches that demand below as short term buys will be interesting there. Remember being adaptive is very crucial and because I am a day trader, I can counter trend trade up to better POI's to then enter pro trend trades.
Short
by Hassan_fx
3
USDJPY Navigating Retracement&Identifying Short Opportunities!Introduction: The USD/JPY pair has experienced a dynamic week marked by a double top pattern, providing insightful clues for traders. While recent days showcased a retracement and an apparent uptrend tendency, the most recent price action is signaling a potential shift. Retracement Dynamics: The past week witnessed a retracement in the intense and continuous bearish flow of USD/JPY. The retracement is characterized by an uptrend tendency line, suggesting a temporary shift in market sentiment. However, recent hours are indicating a potential reversal, prompting a closer examination of key technical levels. Fibonacci Retracement: Zooming into the 4-hour timeframe, the current movement aligns closely with the 61.8% Fibonacci retracement level, centered around the price of 0.750.700. This level serves as a critical reference point, providing insights into potential reversal zones. Bearish Order Block on Lower Timeframes: Detailed analysis on smaller timeframes, specifically the 1-hour and 30-minute charts, reveals the formation of a Bearish Order Block. This is a crucial technical pattern signaling a Short Position opportunity. The identified price range of 0.750.600 becomes significant for traders considering a short entry. Break of Uptrend Tendency Line: A pivotal moment in this analysis is the recent break of the uptrend tendency line. The breach of this trendline, coupled with a reaction around the strong high of 0.750, suggests a potential re-establishment of the bearish sentiment. Conclusion: In conclusion, the USD/JPY pair has undergone a retracement in the past week, challenging the prevailing bearish flow. However, with the recent break of the uptrend tendency line and the formation of a Bearish Order Block on lower timeframes, there is a compelling case for a short position opportunity. Traders are encouraged to closely monitor the price action around the 0.750.600 range, as it may serve as a key entry point for those anticipating a continuation of the bearish trend. As always, risk management and vigilant monitoring of price dynamics are essential for traders navigating these evolving market conditions.
Short
by e11p
1
UDS/JPY Falling to 146.000!? Double Top Reversal Signal CompleteUDS/JPY has a double top reversal signal on the Daily candles and a triple top on the 4HR candles with a massive gap to fill. This reversal signal happened at a key level, 152.00 which is the previous high from October 2022. As shown in my previous prediction, a short position is reasonable at this level. The double/triple top is the confirmation of that short, which increases the probability of profit significantly. If there was a time to short in this bull channel, it would be now . Key Points 1. Double Top Reversal Signal on the Daily Chart 2. Triple Top Reversal Signal on the 4HR Chart 3. Gap to bottom of the channel at 146.000 4. The lowest target price is the Previous Channel High of 145.000 5. RSI at 52.00, Plenty of room to fall and supports #1-4 You are solely responsible for your trades, trade at your own risk! Let us know what you think in the comment section below!
Short
by TraderEngineering
USD/JPY Daily Analysis - The Pullback has Begun! Fall to 146.000USD/JPY has finally touched the previous high of 152.000 with a strong bull candle that we'll call a Bull Capitulation. Immediately after that price target was hit, we saw a series of bear bars falling to the 30EMA. We have now been above the 30EMA for 69 days and after touching a key price range, have a high probability of falling below down to the bottom of the bull channel at the 145.000-146.000 range. Key Points: 1. We're in a Bull Channel which means we have a better chance of profit longing. 2. Previous High of 152.000 has been touched. 3. Bull Capitulation Candle on Oct 23. 4. DXY Strong Bear Signal Bar of the bottom of the bull channel. 5. JPXY Still at Risk of Bull Reversal, this week's candle may decide. 6. RSI has room to fall and while a weak indicator, supports the previous 5. As always, trade at your own risk, you are responsible for your trades. I hope this analysis was insightful and useful. Trade wisely and let us know what you think in the comment section below!
Short
by TraderEngineering
1
USDJPY Long Term SELLING Trading IdeaHello Traders In This Chart USDJPY DAILY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Short
by ForexPlanet20
USDJPY NEXT POTENTIAL MOVEAll of fx traders for sure have witnessed how long usd rallies vs jpy. Fed keeps raising interest rate and BOJ on their mode to keep ultra soft policy. As there’s saying there’s nothing permanent. Personally I look forward to the huge downside move of this pair. Currently it is running on 149 level. I’m not interested in buy as sell provides better risk:reward. The invalidation level is 2022 high 151.944. Anyone shares the similar view? May be pips be with u Guys. Trade with care. Risk management is everything.
Short
by HendyHalim
1
USD/JPY Short. Is the dollar done here? And is Japan ascending?I have to give credit to Julian Brigden for this outline. So please look up his recent Blockworks interview on youtube. I am happy to further develop on his observation by pointing out that what he observed as a "crash pattern" is in fact a diamond reversal pattern. I enclose a comparison to what I consider the "classic" manifestation of a diamond reversal which is the Nasdaq100 index during the 2001 recession. We also had recent significant-scale diamond reversals on the SPX in 2021 and on Bitcoin if you would like further references. There is a significant RSI divergence that has been in place since 2022 on the weekly chart. I think that this means that a dollar pullback is imminent and a surprise strengthening on JPY due to them getting close to breaking out of their deflationary depression. This could also coincide with the return of inflation that I have been expecting. I am shorting this outline and I intend to expand my position if the pattern is not violated. I will be more aggressive as the outline develops. For further information on how I discovered this you can google-up Julian Brigden's interview on Blockworks. Happy hunting!
Short
by RogueEconomics
1
USDJPY – What's the intervention threshold? USDJPY – What's the intervention threshold? In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change still). The BOJ intervened once more in October when the yen further plummeted to its lowest level in 32 years, reaching 151.94 against the dollar. At present, investors hold a substantial short position in the yen, valued at $9.793 billion, representing the largest such position in the USDJPY since May 2022. This value has nearly doubled in just the past three months. Notably, former Japanese Vice Finance Minister Eisuke Sakakibara has suggested that the USDJPY could reach 160 before the BOJ intervenes once again. However, the USDJPY has recently built a bit of a buffer between itself and whatever the intervention threshold is for the BoJ. Over the past two trading days, the US dollar has weakened, largely due to remarks made by Federal Reserve officials. These statements have strengthened the belief that the US central bank is nearing the end of its tightening phase. It is widely anticipated that Fed policymakers will implement a rate increase during their upcoming meeting this month, which would set the policy rate range at 5.25% to 5.50%. However, the timing of any subsequent rate hikes remains uncertain. There are questions whether they will raise rates again in September, delay until November, or maintain the current stance and allow inflation to naturally subside over time. Consequently, the US dollar has experienced a decline against the yen, reaching a low of 141.32 yen, the lowest level observed since June 21. Currently, it is down 0.5% at 141.328. This drop follows a decrease of nearly 1.3% seen last Friday when the US nonfarm payrolls for June fell short of market expectations at 209,000.
by BlackBull_Markets