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Bearish drop?USD/JPY is rising towards the pivot which aligns with the 50% Fibonacci retracement and could drop to the 1st support which act as an overlap support. Pivot: 154.91 1st Support: 153.46 1st Resistance: 155.89 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
EURJPY to find buyers at current swing low?EURJPY - 24h expiry We are trading at oversold extremes. This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher. Preferred trade is to buy on dips. The hourly chart technicals suggests further downside before the uptrend returns. We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher. Although the anticipated move higher is corrective, it does offer ample risk/reward today. We look to Buy at 162.20 (stop at 161.18) Our profit targets will be 164.70 and 164.95 Resistance: 164.90 / 167.40 / 170.90 Support: 162.45 / 159.40 / 154.40 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
USDJPY - The weakness of the yen will stop?!The USDJPY currency pair is above the EMA200 and EMA50 in the 4H timeframe and is moving in its upward channel. In case of correction due to the release of economic data this week, we can see demand zone and buy within that range with appropriate risk reward. Breaking the downtrend line and the specified resistance range will pave the way for the currency pair to rise to the supply zone. We will sell currency pairs in that range. Bank of Japan (BOJ) to Release Review of Monetary Policy Tools According to Reuters, the Bank of Japan (BOJ) is set to release the findings of a comprehensive review next month, evaluating the advantages and drawbacks of various unconventional monetary policy tools employed over the past 25 years to combat deflation. This review is seen as a symbolic step towards ending BOJ’s era of massive stimulus measures. The report will include findings and surveys that justify BOJ’s plan to gradually normalize its monetary policies. The review’s results are expected to be published after the final BOJ policy meeting of the year, scheduled for December 18–19, and may include a potential rate hike from the current level of 0.25%. Japan’s ruling coalition, comprising the Liberal Democratic Party (LDP) and Komeito, has reached an agreement with the opposition Democratic Party for the People (DPP) on an economic stimulus package. The package includes cash handouts for low-income households, subsidies to assist with utility bill payments, and additional investments in artificial intelligence and semiconductors. The three parties have agreed to raise the income tax threshold and continue discussions on reducing gasoline taxes. This agreement requires legislative revisions to be addressed during next year’s parliamentary session. Following the ruling coalition’s loss of its majority in the lower house, DPP’s support has become crucial for advancing the package. However, some economists have expressed skepticism about the package’s limited impact on boosting consumer spending. BOJ Chief Kazuo Ueda’s Remarks: Kazuo Ueda, the BOJ Governor, stressed the need for the government to monitor medium-term financial sustainability. He stated that the policies of the new U.S. administration will be closely examined and integrated into Japan’s economic outlook as a key priority.Ueda also highlighted the transformative impact of generative AI on the financial industry. Massive Treasury Bond Sell-Off by Japan and China Meanwhile, Bloomberg reports that Japan and China, two of the largest holders of U.S. government debt, sold significant amounts of U.S. Treasury bonds during the third quarter of this year. Japanese investors offloaded a record $61.9 billion worth of these bonds in the quarter ending September 30, while Chinese funds sold $51.3 billion in the same period, marking the second-largest volume recorded. These sell-offs occurred ahead of the U.S. presidential election and Donald Trump’s victory.
Long
by Ali_PSND
Potential bullish bounce off overlap support?GBP/JPY is currently on the pivot which aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance. Pivot: 195.67 1st Support: 194.09 1st Resistance: 198.19 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Could the price rise from here?USD/JPY is reacting off the pivot which acts as an overlap support and could rise to the 1st resistance which has been identified as a pullback resistance. Pivot: 154.66 1st Support: 153.44 1st Resistance: 156.54 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Buy AUD/JPY Bullish ChannelThe AUD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Bullish Channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours. Key Points: Buy Entry: Consider entering a Long position around the current price of 101.04, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 101.94 2nd Support – 102.54 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Long
by KABHI_TA_TRADING
3
Potential bullish bounce off overlap support?USD/JPY is falling towards the support level which is an overlap support that aligns with the 50% Fibonacci retracement and could bounce from this level to our take profit. Entry: 154.69 Why we like it: There is an overlap support level that aligns with the 50% Fibonacci retracement. Stop loss: 153.62 Why we like it: There is an overlap support level. Take profit: 156.56 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! Please be advised that the information 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.
Long
by VantageMarkets
NZDJPY to find buyers at current swing low?NZDJPY - 24h expiry The primary trend remains bullish. The selloff is close to an exhaustion count on the daily chart. Preferred trade is to buy on dips. Bespoke support is located at 90.50. The hourly chart technicals suggests further downside before the uptrend returns. We look to Buy at 90.50 (stop at 90.25) Our profit targets will be 91.50 and 92.00 Resistance: 91.20 / 91.50 / 92.00 Support: 90.25 / 90.00 / 89.70 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Long
by OANDA
EURJPY bottomed on the 1D MA50. +5.40% upside potential.The EURJPY pair has been trading within a Channel Up pattern since the September 16 Low. Yesterday it made a Higher Low on the 1D MA50 (blue trend-line) and rebounded. This is identical to the post December 07 2023 Channel Up, which was also supported by its 1D MA50 until its very top (July 11 2024). The 1D RSI sequences between the two fractals are also similar and even more importantly the Channel Up patterns appear to have a high degree of symmetry. So far the two Bullish Legs have risen by +5.40%. As a result, we are expecting another +5.40% from yesterday's bottom, so our Target is just below it at 170.000. ------------------------------------------------------------------------------- ** 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
1
GBPJPY First 1D Golden Cross after 19 months. Strong BUY.The GBPJPY pair is forming today a Golden Cross on the 1D time-frame, the first such pattern in exactly 19 months (April 21 2023). Naturally this is a huge bullish signal alone, as technically the Golden Cross calls for upside action. But more specifically for this pair's price action, it indicates the high probability of an immediate aggressive push as the current formation is very similar to the April 2023 one. As you can see, both were trading within a Channel Up up to the moment of the Golden Cross, having started after a 1W MA100 (red trend-line) test. The 1D CCI trading on Higher Lows below -100.00 (oversold) is a confirmation that the price Channel Up breaks aggressively to the upside. The previous Golden Cross pushed the price just above the 3.0 Fibonacci extension, to a +18.40% rise. Throughout this time, the 1D MA50 (blue trend-line) was supporting the uptrend. As a result, we turn long now on GBPJPY, targeting 215.000 (just above the 3.0 Fib extension). ------------------------------------------------------------------------------- ** 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
Could the price reverse from here?NZD/JPY is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support. Entry: 91.99 1st Support: 91.10 1st Resistance: 92.44 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
Bearish reversal?NZD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 78.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 92.00 Why we like it: There is a pullback resistance level that aligns with the 78.6% Fibonacci retracement. Stop loss: 92.46 Why we like it: There is a pullback resistance level. Take profit: 91.12 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information 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.
Short
by VantageMarkets
Fundamental Market Analysis for November 19, 2024 USDJPYThe Japanese yen (JPY) rose against its US counterpart during Tuesday's Asian session, although it lacked bullish confidence amid uncertainty over the timing of the Bank of Japan's (BoJ) next interest rate hike. In addition to this, risk-on sentiment reflected in the overall positive tone in the equity markets may be contributing to the safe-haven yen's decline. That said, geopolitical risks and lower US Treasury yields could prevent a significant downside for the low-yielding yen. In addition, speculation that Japanese authorities may intervene to support the national currency may deter bears from aggressively betting on the yen. The focus will now shift to Japan's consumer inflation data and global PMIs due out later this week. Japan's Economy Minister Ryosei Akazawa said Tuesday that “it is crucial to raise wages for all generations with an economic package.” He also noted that he is “aiming for the cabinet to approve the economic package soon.” At the time of writing the analysis, the USD/JPY pair is consolidating on the latest round of declines just above the 154.10 level, having lost 0.36% on the day. Trade recommendation: Trade mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Sell USD/JPY Bearish FlagThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 154.42, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 153.18 2nd Support – 152.55 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6
Pullback resistance ahead?NZD/JPY is rising towards the resistance level which is a pullback resistance that aligns with the 61.8% Fibonacci retracement and could drop from this level to our take profit. Entry: 91.37 Why we like it: There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement. Stop loss: 92.38 Why we like it: There is a pullback resistance level that lines up with the 127.2% Fibonacci extension. Take profit: 90.63 Why we like it: There is a pullback support level. Enjoying your TradingView experience? Review us! Please be advised that the information 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.
Short
by VantageMarkets
EUR/JPY Bearish Setup: Supply Zone Rejects, New Lows in Sight!After a significant bearish move, price is consolidating and appears to be respecting the supply zone, suggesting a continuation of the downtrend. Support Levels: Immediate target support at 162.263. Extended target at 160.207. A potential bearish scenario with price rejecting the supply zone, targeting the mentioned support levels. Take Profit (TP): TP1: 162.263 (first support level). TP2: 160.207 (extended support level).
Short
by TopGBanks
1
Bearish drop?USD/JPY is rising towards the resistance level which is an overlap resistance that is slightly above the 23.6% Fibonacci retracement and could reverse from this level to our take profit. Entry: 154.69 Why we like it: There is an overlap resistance level that is slightly above the 23.6% Fibonacci retracement. Stop loss: 155.23 Why we like it: There is an overlap resistance level that is slightly below the 50% Fibonacci retracement. Take profit: 153.90 Why we like it: There is an overlap support level. Enjoying your TradingView experience? Review us! Please be advised that the information 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.
Short
by VantageMarkets
1
EURJPY | MarketoutlookThe policy divergence between the US Fed and SNB supports the pair at lower levels.   Jobless claims dropped to 227,000 for the week ending October 19, down from 242,000 the week before, suggesting some stability in the labor market. The four-week moving average rose by 6,750, reaching 231,000, which indicates that jobless claims are still showing fluctuations despite the recent decline.    The S&P Global Flash U.S. Manufacturing PMI increased slightly to 47.8 in October, up from 47.3 in September. However, this still shows that manufacturing activity is contracting for the fourth month in a row. On the other hand, the Flash Services PMI rose to 51.5, indicating modest growth in the services sector, which is important since it makes up a large part of the U.S. economy.
Long
by DynamicCapital-FX