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Usdjpyprediction

USDJPY → Falling to 1.46? Or Rocket to 1.52? Lets Answer That.USDJPY fell below the 30EMA to my previously predicted area of 147.100 then immediately bounced back to 150.000 only to stall and leave us wondering what the next move will be. How do we trade this? We're in a bull channel which should put us in a bias to long. But we have a double top reversal signal at a key level of resistance (the previous Weekly high of 152.000 staring us in the face. We need to see what happens here at the 30EMA. If we get a strong bear bar closing on or near its low, shorting to the bull channel bottom around 146.300 or even the previous high of 145.000 is reasonable. The protective stop should be just above the 30EMA. You can also wait for a long at the bull channel support or previous high support, looking for a bull channel signal bar and confirmation closing on or near its high. Protective stop just below those levels with a take profit at the 30EMA and then the previous high of 152.000. Key Takeaways 1. Bull Channel, Bias to Long. 2. Double Top Reversal Signal. Close the Gap to Bull Channel Support. 3. Fell below 30EMA, Gap to Bull Channel Support 4. Previous Channel High of 145.000 Final Target. 5. Wait for Bear Signal Bar for Confirmation to Short. 6. RSI at 47.00, below Moving Average. Supports Short. You are solely responsible for your trades, trade at your own risk! If you found this analysis helpful, click the Boost button and let us know what you think in the comment section below!
Short
by TraderEngineering
USDJPY LONG! EYES ON USD DATA!!Hey Traders, What we believe UJ price moves as mentioned on the chart, So we expect price to break just above and go higher, Therefore, how you can jump in this trend? Answer is quite clear, in HT we confirm that we are in extremely bullish move, and according to the JPY data we going to have more pressure on JPY currency, So how we enter! Look I mentioned toppest green area, as soon as we confirm BMS in 1h or 30M, we can place an order in first POI bellow, so I will try to share with you guys as soon as I get the position So just be careful of data from USD as we have NFP at front, However still I believe, price can move higher and higher Any question comment me bellow, @FxShzd
Long
by FxShzd
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - By this time USDJPY was very well BUY with US ECONOMIC DATA being POSITIVE. And FED UPDATES were very POSITIVE. So the JPY automatically went down. The other reason is that MARKET RISK is OFF. And JPY WEAKNESS came according to their ECONOMIC PROJECTION. Therefore, with the SENTIMENT in the MARKET, the JPY became WEAK in a very short time. - At the moment, the MARKET is taking a bit of RISK OFF, that's why the JPY is going up. According to our previous USDJPY ANALYSIS, the USDJPY UPSIDE WAVE is going UP around 155 ++ PIPS. I hope you get it. - There is definitely a very high possibility that USDJPY will go down a bit and move to 147.561 LEVEL. The reason for that is because the MARKETS RISK is already on, so it can happen. After that, the USDJPY price can be SELL at 132.669 level by BREAKING the TREND LINE. We focus on MARKET UPDATES and MARKET SENTIMENT. Follow the given MARKET STRUCTURE. usdjpy
by benny_marshall
USDJPYEach person can see patterns in this chart based on their vision, such as triangles, wedges, or flags. Therefore, in my opinion, the template name is not very important. Whichever pattern breaks, we will most likely see a sharp move in the same direction. Observe the money management and the stop loss, the Fed is speaking today, and the Jackson Hole meeting is underway. To notify you about the analysis, follow me and contact me if you have any comments or questions. (I will answer whenever I have time).
by Ario_trader
USDJPY - CURRENT SENTIMENT , FUNDAMENTAL BIAS#USDJPY - At this point, USDJPY was fairly well BUY with the emergence of some positive comments regarding US INFLATION DATA and RATE HIKE SENTIMENT in recent days. As a result, the USD automatically rose against the JPY. The other reason is that MARKET RISK is OFF. - Right now, the MARKET is getting a bit RISK ON, that's why the USD is going down. For this reason, JPY is slightly higher against USD. Definitely, there is a very high possibility that USDJPY will move up to the 142.175 level. The reason for that is because JPY is STRONG compared to USD because MARKETS RISK is already ON. After that, the USDJPY price can fall to 131.627 LEVEL after a TREND LINE BREAK. We focus on MARKET UPDATES and MARKET SENTIMENT.
by benny_marshall