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Usdjpyforecast

USDJPY: Market COLLAPSED, Looking for CONTINUATIONHello, everybody and welcome to Cybernetics Trading Lab, today we are going to analyse the USDJPY, translating the market information by using a full technical analysis on different time frames, giving you a personal opinion about the next most likely market movement and helping you to spot and manage market opportunities. Top Down Technical Analysis: Since August, this market has been moving inside a clear rising wedge, a strong uptrend which we hope nobody tried to countertrend!
End of October, we can see the market dropping, breaking the structure and coming back in, a clear false breakout, followed by a short period of consolidation where the formation of an expanding structure to the lower area of the rising wedge, started giving us the first clue of a potential move to the downside. The market as many other YPJ pairs dropped, for more than 800 pip and now we will be looking for a further price action to see a possibility to capitalise on the next impulsive phase. When, where and why would we step into the market? Definitely, jumping now into the market does not make any sense, the market could reverse hitting your SL. We will be patiently waiting for a correction, specifically a structure in line with the overall bias. Only when the confluences will satisfy our method criteria, we will place ourselves in the market, trying to manage our risk as better as we can! If you enjoy this trade idea, please support our work with a thumb up and don’t forget to follow our social medias! Sincerely, Cybernetics Trading Lab DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose.
Short
by Cybernetics_tl
23
Next Bearish Leg For USDJPY Hello to the TradingView friends, please, if you like ideas, support them with likes and comments. Thanks for being here and being awesome.❤️ Did you see the reversal on USDJPY last week? After waiting weeks for price to retrace, USDJPY reversed passing the weekly higher lows at 140.343. You may be wondering what happens next. The only thing you can from here is pinpoint where you'll enter the next trade and where you'll take profit. Doing these two things are called strategy. You're fighting for the best price to enter and using your analysis to assume where price will move to after you enter the trade. My dear trading friend I'm here to tell you that if you use the same steps over and over again, this won't be a hard step. What I'm looking for? First, I'm looking for a pullback in price or a rise in price. A rise in price gives me a better risk to reward of 1.87. So, if price can pullback to 146.151, I believe this will be my best entry price. My stops will go around the high of 151.958 giving price room to breath in case it moves in the range between my entry and stop loss price. Where do I believe price can go next? I believe price can move back down to 135.425. USDJPY is still in a bullish trend according to the weekly timeframe. This is a potential $1.00 or 1000 pip decline. What type of trade is this? I believe this is a weekly retracement, daily reversal trend trade. It's a bit higher risk because it fits into a counter trend category if I were to follow the cycle trend of it going against the weekly bullish uptrend. Risk Management I'll be risking 0.5% of my account due to this being a countertrend trade. This will also be a swing trade so I'm prepared to hold this trade for a few weeks, maybe even a month or so. Time on this trade will be out of my control. What will stop me from entering this trade? If price continues down, I will not enter. I need a pullback to enter the trade and without a pullback, I have no trade. My entry is a bit away so I will set a Sell limit. A sell limit is when you put an automated order at your entry price to sell. Your broker will trigger you into the sell automatically once price is pushed through and price begins to fall past your entry price. I could also set a sell stop, but the sell limit provides a better confirmation for me. So, my trading friend, do you believe price can pullback and drop? What do your eyes see? I also thank you for taking your time out to read my thoughts on USDJPY.😍
Short
by ShaquanLopez
2
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - At this point, USDJPY is getting somewhat RANGE. The reason for that is that with US ECONOMIC DATA being POSITIVE, UJ was BUY very well until last week. And FED UPDATES were very POSITIVE. Last Friday's LABOR DATA shows that the dollar continues to strengthen. 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. LABOR DATA is due this week. - Currently, the MARKET is becoming RISK ON, that's why the JPY is WEAK. According to the USDJPY ANALYSIS we gave earlier. But JPY is getting STRONG against USD. - There is definitely a high chance that USDJPY will go UP a little more and move to 145.60 LEVEL. Anyway, USDJPY price can go down to 136.00 LEVEL after that. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. usdjpy
by benny_marshall
USDJPY | Perspective for the new weekFollowing the buying pressure at the 147.000 zone, the greenback rallied during the latter part of last week's trading session to insinuate a potential bullish expectation in the coming week(s). The dovish rhetoric of the BoJ’s monetary policy appears to have caused a plunge which makes it uncertain to jump to any major conclusion at this juncture. However, it is worth noting that next week is laced with a series of high-impact events that participants in this market will be looking forward to in other to make an informed decision to either buy or sell. Risk 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
4
20 reason for sell USDJPY1 Structure analysis time frame BEAR 2 target time frame : DAILY 3 Current Move : IMPULSE 4 Entry Time Frame : H1 4.1 Entry TF Structure: CORRECRIVE 4.2 entry move : RETRACEMENT 5 Support resistance: base H4 ORDER BLOCK 6 FIB: DISCOUNTED AREA 7 candle Pattern: 3 BLACK CROW 8 Chart Pattern: ABCD ELLITE WAVE 9 Volume : DRIED 10 Momentum UNCONVENTIONAL Rsi: RANGE SHIFT BULLISH TO SIDE WAYS 11 Volatility measure Bollinger bands: VOLATILITY DIVERGENCE 12 strength ADX: SIDE WAYS 13 Sentiment ROC: USD STRINGER IN BIG PIC 14 final comment : SELL FOR SHORT TARGET 15 : decision : SELL 16 Entry: RIGHT NOW AT OPENING 17 Stop losel: 148.5 18 Take profit: 144.50 19 Risk to reward Ratio: 1:5 Excepted Duration : 3 DAYS
Short
by Optimum369
USDJPY | Perspective for the new week | follow-up detailsThe intervention of the Bank of Japan three weeks ago appears to linger on in this market as the U.S. economy continued to add jobs at a solid rate in September. As the price continues to trade between a specific zone (145 and 144 area) in the last three weeks, we can only wait for a signal to have a trading opportunity on this pair. Risk Disclaimer: Margin trading in the foreign exchange market (including commodity trading, CFDs, stocks etc.) is high-risk and unsuitable 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
3