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Usdjpylong

USDJPY – aiming for 150’s?This pair had a good week and looks ready to move significantly higher. Recently it had found liquidity in the 140 region and will need the same to find some momentum to the upside again. I think a pullback to the low 141’s is possible before the uptrend resumes. How far you trade this will depend on your belief, patience and ability to stay with the trade. Perhaps letting the trend develop and adding more positions on future pullbacks will be the way forward especially from a risk management perspective. Nothing is 100% in trading, so as always, use sound money and risk management and stay patient in all your trades. If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content. What do you think about this trade idea? Please comment and share your thoughts!!
Long
by Trading_Vista
USDJPY Forecast: Insights for the New Week & Follow-Up AnalysisIn this video, we delve into a comprehensive technical analysis of USDJPY. We examine the impact of recent fundamental factors, including a surge in US unemployment claims, which led to a sell-off in the US Dollar. The upcoming week is set to witness crucial economic events that will strongly influence the price movements of this currency pair. With indications of a weakening labor market in the US, the release of May's consumer prices index just before the central bank officials' interest rate discussion holds significant importance. While the Japanese Yen struggles to gain an advantage, investors anticipate that the Bank of Japan (BoJ) Governor Kazuo Ueda will maintain the current policy. Governor Ueda has consistently emphasized the necessity of monetary stimulus to maintain inflation above 2%, primarily through increased wages and robust household demand. During the video, I detailed the USDJPY's bullish and bearish sentiment, focusing on price action-based technical analysis. We identify key Support and Resistance Levels in the 4-hour timeframe to identify potential trading opportunities. Notably, highlighted a robust demand zone around the 138.800 area that has consistently counteracted selling pressure in recent weeks, indicating the strength of buyers at this level. This zone may play a crucial role in determining the direction of price action in the upcoming week. Stay tuned to this channel, follow our updates, and engage in the comment section to stay informed about further developments. Disclaimer: Trading on margin in the foreign exchange market (including commodities, CFDs, stocks, etc.) carries a high level of risk and may not be suitable for all investors. The content of this speculation (including all data) is provided by me for educational and informational purposes only to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not accept any responsibility for its accuracy. It is important that you carefully consider your investment experience, financial situation, investment objectives, and risk tolerance level, and seek advice from an independent financial advisor to assess the suitability of your situation before making any investment. I do not guarantee the accuracy of the information provided and shall not be held liable for any loss or damage that may arise directly or indirectly from the content or the receipt of any instructions or notifications related to it. Please note that past performance is not necessarily indicative of future results.
by darcsherry
1
USDJPY SHORT TERM TRADE IDEAThe price is extremely bullish in all major time frames. If we look at the non-commercial's positions, we can see that short are aggressively increasing in JPY. Meaning JPY is getting weaker. Monthly: The price is in the retracement phase. If you take the fib form low to high of the retracement, .5 fib level is in confluence with important structure that the price respected. Daily The price created the 123-pattern stablishing a low. The price liquidated important sell side liquidity. We can expect the price to chase important buy side liquidity. Non-commercials are aggressively adding shorts in JPY. This mean that they are selling the JPY aggressively. JPY long positions: 40,736 short: 136,929. Added last week short: 3,976 long: 19,509 As you can see short are way more and they keep aggressively adding more shorts.
Long
by Wiiso
6
Potential Long Trade Opportunity in USD/JPYBased on analysis, an enticing opportunity has emerged for a potential long trade in the USD/JPY currency pair. The suggested entry level for buyers is at 140.000. 📈💰 To maximize profit potential, a take-profit level has been set at 140.300, targeting a potential upward move in the market. 🎯💥 To manage risk, it is crucial to set a stop-loss (SL) level at 139.925, ensuring protection against potential adverse price movements. 🛡️⚠️ Remember, market conditions can shift swiftly, so it is essential to stay vigilant and adapt your trading strategy accordingly. As always, exercise your own discretion and adjust the stop-loss and take-profit levels based on your risk tolerance and trading plan. ⚙️💪 Successful trading relies on diligent analysis, effective risk management, and disciplined execution. Wishing you the best of luck and profitable trades! 📊💼✨ #TradingView #USDJPY #LongTradeOpportunity #TakeProfitTarget #TechnicalAnalysis #MarketAnalysis #RiskManagement #TradingStrategy #ForexTrading
Long
by POUSHEINI
1
USDJPY: The correction and the opportunity of the sellers!technical analysis: The price line for USDJPY experienced a slight correction, leading to a decrease and breaking of the uptrend line. The Relative Strength Index (RSI) is currently below the average of 43.59 and maintaining its position at the support level. The Exponential Moving Average (EMA) with values of 34 and 89 is still above the price line, forming a dynamic resistance area. With these indicators, there is a high likelihood of a decrease in USDJPY. Market analysis: In the Tokyo session, the USD/JPY pair is trading back and forth below 140.00. However, it is anticipated that the asset will continue its downward trend since the USD Index's upward movement is expected to remain limited until the United States Employment data is released. Following a lackluster Tuesday, the S&P500 futures have made marginal gains during the Asian session. The market sentiment appears to be subdued as investors anticipate the release of complete US labor market data. Plan trade in the intro
Long
by Sphyn-Trader
4
USDJPY: Japan's recession and the return of the US economyTechnical analysis: The temporary downtrend line has been broken by the price line. Currently, a smaller bearish pattern is forming, but there is a trend reversal in the RSI. If there's a small amplitude sideways, the two indicators, EMA 34 and EMA 89, won't have a significant impact. Fibonacci generates effective psychological resistances, which provide valuable entry information. the latest news from the market: Investors overlooked the US ISM Services PMI's disappointing release on Monday, and the US Dollar has regained positive traction, acting as a tailwind for the USD/JPY pair. The intraday USD uptick could be attributed to an uptick in the US Treasury bond yields but is expected to remain limited as the markets anticipate an imminent pause in the Federal Reserve's policy tightening cycle. The markets are now pricing in a higher chance that the US central bank will leave interest rates unchanged at the end of a two-day policy meeting on June 14, which may hold back the USD bulls from placing aggressive bets. Additionally, the possibility of Japanese authorities intervening in the markets may keep a lid on any significant appreciation move for the USD/JPY pair, at least for now. Moreover, the current cautious mood around the equity markets may favor the JPY's relative safe-haven status. However, a more dovish stance adopted by the Bank of Japan (BoJ) could continue to undermine the JPY and limit the downside for the USD/JPY pair. As there is no relevant macro data from the US, aggressive traders should be cautious due to the mixed fundamental backdrop.
Long
by Sphyn-Trader
5
USDJPY Analysis: New Week Perspective and Follow-Up DetailsIn this USDJPY technical analysis video, we delve into the aftermath of the recent Nonfarm Payrolls data, which offers critical insights into the US labor market. With positive data surpassing expectations and the potential for a Federal Reserve interest rate hike this month, the US Dollar may be poised for a bullish upswing. The May report revealed a remarkable increase of 339,000 payrolls in both public and private sectors, surpassing the forecast of 190,000. Moreover, the recent signing of the bill by President Joe Biden, suspending the US government's $31.4 trillion debt ceiling and avoiding a default, adds another layer of anticipation to the market's reaction. From a technical standpoint, this video focuses on a detailed analysis of USDJPY Support and Resistance Levels, as well as Trendlines within the 4H timeframe. By examining these levels, we aimed to identify potential trading opportunities on the USDJPY chart for the upcoming week as it helped in making informed trading decisions. Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
1