Usdjpyforecast
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar continue waning as it edged lower during the course of last week's trading and following the positive NFP on Friday, there was a stall as we started witnessing a consolidation phase around the key level at 135.000. In this video, we looked at the charts from a technical standpoint where we shall remain patient to see what price action will transition into for signals and confirmations.
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, and 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.
USDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- At this point, USDJPY is slightly UP. The reason for that is that with US INFLATION DATA being NEGATIVE, UJ BUY was very good until last week. And FED UPDATES were very NEGATIVE. But with the arrival of RETAIL SALES, MANUFACTURING DATA, and some FED UPDATES POSITIVE, USD BUY is coming again. So JPY went down automatically in previous days. But the UPDATES of BANK OF JAPAN are quite
- At present the MARKET is taking RISK OFF and therefore the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting WEAK against USD.
- There is definitely a possibility that USDJPY will go UP a little more and move to 142.354 LEVEL. Anyway, USDJPY price can go down to 130.000 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
Stats of Strategy: Sniper Factors to Fundamental =>Stats of Strategy: Sniper Factors to Fundamental => Base on Overall Score: Strong Trend Only FX:USDJPY
History Max Loss Consecutive in a row Record History: = 4
Currently Loss Consecutive in a row: == 2|3 Opportunity, Probability: 70% | R:R:R = 1:2<=3
Entry #3 Trade: Buy | Actual Result: Win
Economic Calendar
00:30 EUR ECB's Elderson Speaks
06:00 KRW CPI (YoY) (Nov) 5.0% 5.1% 5.7%
07:30 AUD Home Loans (MoM) -2.9% -4.5% -4.8%
07:30 AUD Retail Sales (MoM) -0.2% -0.2% 0.6%
09:40 AUD RBA Governor Lowe Speaks
09:40 EUR ECB President Lagarde Speaks
11:30 NZD RBNZ Gov Orr Speaks
14:00 EUR German Trade Balance (Oct) 6.9B 5.2B 2.8B
15:00 EUR Spanish Unemployment Change -33.5K -20.3K -27.0K
19:00 EUR ECB's De Guindos Speaks
20:30 USD Average Hourly Earnings (MoM) (Nov) 0.6% 0.3% 0.5%
20:30 USD Average Hourly Earnings (YoY) (YoY) (Nov) 5.1% 4.6% 4.9%
20:30 USD Nonfarm Payrolls (Nov) 263K 200K 284K
20:30 USD Participation Rate (Nov) 62.1% 62.2%
20:30 USD Private Nonfarm Payrolls (Nov) 221K 190K 248K
20:30 USD Unemployment Rate (Nov) 3.7% 3.7% 3.7%
20:30 CAD Employment Change (Nov) 10.1K 5.0K 108.3K
20:30 CAD Unemployment Rate (Nov) 5.1% 5.3% 5.2%
20:30 EUR German Buba President Nagel Speaks
USDJPY | Perspective for the new week | follow-up detailsThe U.S. dollar edged lower to post a weekly loss on dovish projection from the Federal Reserve. From a technical standpoint, it is worth noting that the price has been caught within a support and resistance (142.500 and 138.000) in the last two weeks to emphasize the indecision in the market. The coming week is laced with major market-moving economic releases, both from the US and Japan; the fundamental backdrop from these events will be anticipated by participants in this market as the price remains within the identified channel which also shares a confluence with the bullish trendline on the daily timeframe hence warrants some detailed understanding of the current structure before positioning ourselves for any trading opportunity.
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, and 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.
USDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY | Perspective for the new week | follow-up detailsUSDJPY continues to look for a support level as the price plunges to close the week at approximately a 5% loss for the Greenback. Attention will remain on the Retail Sales event as participants in this market will anticipate how price action will react to this high-impact event. From a technical standpoint, the price is at a critical level as it tests the trendline that has been guiding bullish momentum since the beginning of the year. So, patience is needed at beginning of the week as we need to see how price relates to this area before making an informed decision.
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.
USD/JPY Analysis 21.11.2022Hello Traders,
welcome to this free and educational analysis.
I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities.
If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below.
I will personally reply to every single comment!
If you enjoyed this analysis, I would definitely appreciate it, if you smash that like button and maybe consider following my channel.
Thank you for watching and I will see you tomorrow!
USDJPY Potential Buy setup-Overall, Price is trending upwards
-Break and retest on Daily/Weekly structure
-4H double bottom and also on the uptrend
- What I am waiting now is the pull back on (140.600) 4H Structure
- Wait for confirmation entry (strong rejection or engulfing) on 30M or 1H or even 15M
Targets;
142.400
145.300
150.000
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY
- Currently USDJPY is going UP. The reason for that is that with US INFLATION DATA being NEGATIVE, UJ BUY was very good until last week. And FED UPDATES were very NEGATIVE. But with the arrival of RETAIL SALES POSITIVE, USD is BUYING again. So JPY went down automatically in previous days. But with the intervention of the BANK OF JAPAN, there is now a very good demand for YEN in the market.
- At present the MARKET is taking RISK OFF and therefore the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting WEAK against USD.
- There is a very high possibility that USDJPY will move up to the 146.040 level. Anyway, USDJPY price can go down to 133.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE.
USDJPY top-down analysisHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.