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Usdjpyforecast

Look for more downside to continue Hi Traders, USDJPY is shaping up to continue its bearish momentum. As we can see the volatility on Friday made another swing low to further this correction development. We still have room to fall and with the Russia and Ukraine situation happening, I suspect safe-haven currencies like JPY will continue its strength. Waiting for a strong Impulse breakout followed by a correction before I enter this sell. Whats your view on this pair ? Comment below and share your analysis! Support more of these by clicking the LIKE button if this has helped you! Good luck!
Short
by ktlfx
USDJPY: Corrective phase, Short intraday opportunity!Hello, everybody, and welcome to my TradingView’s profile, my name is Gianni and today I’m going to analyse the USD/JPY , 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. My ideas are for those who are interested in improving their financial education and for those who are looking for new trading opportunities, according with their own strategies. Daily timeframe: 4 hours timeframe: The USDJPY is still clearly in uptrend, got two strong bullish impulsive movements and currently in its corrective phase. In lower timeframe (4hrs), it’s possible to see how the price formed a big fair value area, approaching a local resistance level during the last trading day. Considering a strong intraday bullish impulse and a losing of momentum around the resistance level, a retracement or a full move to the downside is expected! When, where and why would I step into the market? This fair value area looks quite interesting, since December we can see most trading activity to the downside, clue that sellers are showing their pressure. I usually don’t step into the market while the price is around the control level, but considering a good rejection on the resistance level and good selling pressure I will place a short position on a clear intraday market reversal. My stop loss would be above the price control, resistance zone and last swing and take profit around the lower value of the area. In the scenario of breakout to the upside, no action will be taken on this market. If you enjoy this trade idea, please support my work with a thumb up and don’t forget to follow my profile for more detailed market analyses! Trade safe and responsibly, Gianni DISCLAIMER Please note the views are not investment advice and should be used only for educational purpose
Short
by UnknownUnicorn18552923
31
USDJPY, splendid trade closed in ProfitHello everyone and congratulations to those who yesterday closed this trade with TheCyclicalTrading in gain ! Many of you dumped your positions at 38.2%, you got the most out of this trade, congratulations; others have closed part of the lots on the support at 114.23 and the rest on the Stop profit, that's fine; all with different strategies, and all profitable if applied to the cyclic method , you are all really good, I am proud of you . :) What do we expect from the USDJPY now? This is graph W1 for a broader perspective: The five- year cycle has just begun , and a sell signal has entered just where we have this latest profit, but it's just a pullback on the weekly. We may see the price reach 125.50 by the end of 2022, with more short signals from which medium-term trades can emerge, but the big cycle commands and is bullish. However, we will continue to follow him in H4 with the semester and we will try to steal every single movement. For now we just observe and stand still , because there is no Long signal in any of the timeframes of our interest.
by The_Cyclical_Trading
USD/JPYThe US dollar initially rallied last week to reach towards the ¥115 level. That is an area that is a large, round, psychologically significant figure, and now it looks like we are ready to continue breaking down in the short term. The ¥112.50 level underneath could be a potential support level, and perhaps a potential target. At this point, we will continue to move based upon risk appetite more than anything else. I do believe that we will continue to see a lot of noisy behavior, but I think ¥112.50 is the target.
Short
by SmoothJB