USDJPY But signal when the 1D MA50 breaks.Last time we looked at the USDJPY pair (May 22, see chart below), it gave us a solid buy signal at the bottom of its Channel Up:
Since then the price got rejected on Resistance 1 (161.950), forming a Diverging Higher Highs trend-line and pulled back below the 1D MA50 (blue trend-line) and at the bottom of the (blue) 7-month Channel Up.
Once the price breaks above the 1D MA50 and better yet the 1D RSI breaks above its MA period (yellow), we will have a new buy opportunity at our hands as in the past 4 occasions that has taken place, it was the absolute bullish break-out confirmation.
If it does again, we will buy and target 163.000 (contact with Diverging Higher Highs trend-line).
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Usdjpysignals
USDJPY ( TRADING BELOW CHANNEL ) ( 4H )USDJPY
HELLO TRADERS
TENDENCY : the price stabilizing below turning level , indicates is under bearish pressure .
TURNING LEVEL : the price around 159.099 , if the price trading below this level reach a support level , but if breaking this level reach a resistance level .
PRICE MOVEMENT : the price in previously it can be breakout a channel , currently price 158.410 , as long as the price stabilizing below this level reach a support level my goal 157.682
PRICE ACTION :
SHORTCONDITION : the price trading below turning level at 159.099 , as long as the price trade below this reach a support level at 157.682 , and stabilizing below this level reach a 156.571
SHORT CONDITION : if the price breaking turning level , price reach a resistance level at 159.849, the stable above this level reach a 160.807
TARGET LEVEL :
RESISTANCE LEVEL : 159.849 , 160.807 .
SUPPORT LEVEL :157.682 , 156.57 .
USDJPY: One More Bullish Confirmation 🇺🇸🇯🇵
As I predicted yesterday, USDJPY bounced nicely.
Analyzing a price action on a 4H time frame, I spotted
one more bullish pattern.
We can notice a completed double bottom formation
with a confirmed violation of its neckline.
I think that the pair will reach 159.07 soon.
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USDJPY: Your Trading Plan For Next Week 🇺🇸🇯🇵
USDJPY tested a key horizontal support cluster
after a massive selloff cause by US CPI report.
I think that the pair is too oversold now.
To buy with a confirmation, wait for a bullish breakout of 158.12
- upper boundary of a tiny horizontal range on an hourly time frame.
A bullish continuation will be expected to 159.0 level then.
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USDJPY ( BREAKOUT ) ( 4H )USDJPY
HELLO TRADERS
after publish a CPI news the price dropping , breakout a channel
Tendency after the price breakout , indicates the price is under bearish pressure
TURNING LEVEL : there is a black line around 159.827 , indicates if the price trade below this level reach a support level , but if the breaking turning level reach a resistance level
RESISTANCE LEVEL: there is a green line around 160.834 , indicates selling have already increase this level , when you reach this level buyer have more supply for OANDA:USDJPY USDJPY
SUPPORT LEVEL : there is a red line around 157.940 , indicates buying have already increase this level , when you reach this level selling have more demand for OANDA:USDJPY
PRICE MOVEMNET : the price stabilizing below turning level around 159.827, in my opinion until the price trade below turning level ,indicates selling have more demand for OANDA:USDJPY , so reach a support level at 157.940 , then breaking this level reach a next target at 156.534, if the price breaking turning level , indicates buyer have more supply for OANDA:USDJPY , so if the price breaking turning level by open 4h candle reach a resistance level at 160.834 , then stabilizing this level reach 161.937
TARGET LEVEL :
RESISTANCE LEVEL : 160.834 , 161.937
SUPPORT LEVEL : 157.940 ,156.534
USDJPY ( DOWNWARD PRESSURE ) ( 4H )USDJPY
HELLO TRADERS
in the last chart the price reach first target , know trying to reach a turning level before dropping
Tendency the price is under bearish pressure , after stabilizing below turning level at 161.126
TURNING LEVEL : a blue line between resistance and support level around 161.126 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
RESISTANCE LEVEL : there is a green line around 161.840 , if the price breaking turning level reach this target , indicates selling have already increase this level
SUPPORT LEVEL : there is a red line below turning level around 159.814, indicates buying have already increase this level , so until the price trade below turning level reach this target
PRICE MOVEMENT : maybe first the price will trying to rising turning level around 161.126, after dropping to the support level at 159,814 , then stable below this level reach 158.755 ,
if the price breaking turning level reach a resistance level at 162.126 , breaking this level reach a new resistance level at 162.727
TARGET LEVEL :
RESISTANCE LEVEL : 161.840 , 162.727
SUPPORT LEVEL : 159.814,158.755
UsdJpy- Don't p..s against the wind!If there has been a clear trend in the past two years, it has been the devaluation of the JPY. Despite some corrections, even very deep ones, the trend has always resumed, leading to new lows for the JPY.
One of these deeper corrections occurred at the end of last year, triggered, as always, by JPY repatriation.
However, as shown on the chart, the beginning of 2024 saw the resumption of the upward move. Only the BoJ intervention at the end of April and beginning of May at the 160 level stopped the ascent.
The chart shows that the pair has been acting very technically since then, with the drop stopping and reversing precisely at the horizontal support that was previously resistance.
Since then, USD/JPY has started making higher lows again and is now trading around 160.
Only time will tell if the BoJ will be determined to defend this level but, in my personal opinion, it is better to look to buy on dips (around 158) rather than sell at this resistance, hoping for another intervention.
USDJPY ( UNDER BEARESH PRESSURE ) ( 4H )USDJPY
HELLO TRADERS
Tendency the price is under bearish pressure , after stabilizing below turning level at 161.524
TURNING LEVEL : a blue line between resistance and support level around 161.524 , indicates if the price stabilizing below this level reach support level , if the breaking turning level reach a resistance level
NEW RESISTANCE LEVEL : there is a green line around 162.412 and 163.207 , if the price breaking turning level reach this target
SUPPORT LEVEL : there is a red line below turning level around 160.610 and 159.815 , indicates buying have already increase this level , so if the price breaking turning level reach this target
PRICE MOVEMENT : maybe first the price will trying to rising turning level around 161.524, after dropping to the support level at 160.610 , then stable below this level reach 159.815 ,
if the price breaking turning level reach a new resistance level at 162.412 and 163.207
TARGET LEVEL :
RESISTANCE LEVEL : 162.412 , 163.207
SUPPORT LEVEL : 160.610 ,159.815
USDJPY: Important Bullish Confirmation 🇺🇸🇯🇵
Update for USDJPY.
The pair perfectly violated a resistance line of a horizontal range on a 4H time frame,
after a retest of a key daily support.
I think that the pair will keep growing today.
Next goal - 157.5
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USDJPY Channel Up aiming higher.The USDJPY pair has been trading within a Channel Up since the December 28 2023 market bottom and has started the new Bullish Leg on the May 03 2023 bounce (Higher Low) on the 1D MA50 (blue trend-line).
The previous two Bullish Legs rose on average by +8.00%, so we expect a similar development. As a result we are bullish, targeting 163.000.
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Timing the BOJ's next intervention? We have seen 2 interventions from the BOJ over the past 2 weeks.
The first came when the USDJPY hit between 158.000 and 160.000 and the second when it hit almost 158.000.
With the BOJ warning that it is ready and willing to step in again, how smart is it to try to catch the ride down if or when the BOJ steps in again?
Finance Minister Shunich Suzuki reiterated the authorities' readiness to counter excessive foreign exchange fluctuations.
At the same time, Bank of Japan Governor Kazuo Ueda expressed intent to assess yen movements' impact on inflation for guiding policy decisions. "Foreign exchange rates make a significant impact on the economy and inflation,” Ueda underscored in response to questions in parliament yesterday. But this is perhaps a slightly different story, but still, something for traders to consider.
Last week, BOJ data suggested it had spent $60 billion to defend the yen.
But all this has done, according to some analysts, is buy the Japanese authorities time, with the USDJPY steadily climbing back to intervention levels (given the substantial interest rate difference between Japan and the US).
But can we expect the BOJ to intervene again and again?
US Treasury Secretary Janet Yellen emphasized interventions should be infrequent and ideally coordinated with the broader central banking community, or at least signaled in advance. So, the BOJ will be wary of its international reputation too.
USDJPY: Time For Pullback?! 🇺🇸🇯🇵
USDJPY looks quite oversold after a test of an intraday horizontal support.
After a false violation of the underlined structure, the price started to grow
and broke a resistance line of a falling wedge pattern.
We may expect a pullback today, at least to 153.7 level
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usdjpyUSD/JPY is the forex ticker that shows the value of the US Dollar against the Japanese Yen. It tells traders how many Yen are needed to buy a US Dollar. The Dollar-Yen is one of the most traded forex pairs - second only to EUR/USD - and is a benchmark for Asian economic health and even the global economy. View the live Dollar-Yen rate with the USD/JPY chart and improve your technical and fundamental analysis with the latest USD/JPY forecast, news and analysis.
USDJPY Top of Channel Up. Sell signal.The USDJPY pair has been trading within a Channel Up pattern since the July 14 2023 Low on the 1D MA200 (orange trend-line). Currently it is about to exhaust the 2nd Bullish Leg of this Channel as it approaches its top (Higher Highs trend-line). It begun with a Low on the 1W MA50 (red trend-line) and then a Higher Low on the 1D MA200.
With the 1D RSI overbought for the first time since July 05 2023, we are turning bearish on USDJPY after a long time but only for the short-term. Our target is 146.500 (Support 1).
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USDJPY Technical Analysis and Trade IdeaThe USDJPY currency pair has recently exhibited a bullish trend. However, it has been consolidating sideways for an extended period, lacking a clear directional bias. In our video analysis, we explore a couple of scenarios and provide detailed insights regarding price action considerations. Notably, we look for heightened volatility as liquidity is tested both above and below the current range. We anticipate a trend to emerge at some point. Currently, we are examining a 15-minute chart for potential trade opportunities, as discussed in the video. As always, this information is strictly for educational purposes and should not be construed as financial advice.
USDJPY: Correction Continues 🇺🇸🇯🇵
Update for USDJPY.
As I predicted earlier, the market nicely respected an underlined blue resistance
and the price nicely dropped from that on Friday.
Analysing a 4H time frame today, I spotted one more bearish confirmation
- a breakout of a support line of a rising parallel channel.
I expect a bearish continuation to 150.55
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UsdJpy broke down strongly. 145 zone next?As I anticipated and drew attention to two weeks ago, FX:USDJPY peaked above 150 and, after several days of distribution, experienced a significant breakdown yesterday below the 149 support level.
At the time of writing, the pair is trading at 148, and I anticipate further downside movement. The target zone is around 145, and the recommended strategy is to sell rallies.
USDJPY Bullish for the rest of the year. Sell in 2025.This time we view the USDJPY pair from a very long-term perspective as there has been much confusion lately over its trend and we want to put things into context. As you can see on the 1M time-frame, the price is getting out of a consolidation phase (blue ellipse) that has been lasting for a little more than a year. The rally since the January 2021 bottom has been enormous but this is not the first time that the pair is pulling out something similar.
Since the April 1995 bottom, there have been another 2 such rallies (Nov 1995 - Aug 1998 and October 2011 - June 2015) of +85% and +66.75% respectively. The first peaked marginally below the 1.382 Fibonacci extension while the second marginally above it.
This indicates that the pair still has considerable room to extend this rally to and the confirmation is that it ust got out of the blue consolidation phase. The previous two give us a Sell Zone within 171.630 - 190.500. As a result, we will stay bullish on USDJPY probably until the end of the year and start selling in 2025 after the price enters the Sell Zone.
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USDJPY: Your Trading Plan For This Week 🇺🇸🇯🇵
USDJPY is trading in a bullish trend.
After the price set a new higher high, we see quite an extended consolidation
within a horizontal range.
150.9 is the resistance of the range.
If the market breaks and closes above that on a daily,
we can anticipate a trend-following movement.
Next resistance will be 151.6
Alternatively, a bearish breakout of the support of the range
may trigger a bearish continuation.
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USDJPY: Will the Growth Continue?! 🇺🇸🇯🇵
As I predicted earlier, USDJPY nicely respected a broken key horizontal structure on a daily
and bounce from that.
Analysing a 4H time frame, I spotted one more bullish confirmation:
this time, the price violated a resistance line of a symmetrical triangle formation.
We may expect a retest of a current high now,
with a consequent continuation to 151.3 level.
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