Usdjpyshort
USDJPY 4 HOURS CHART PROJECTIONDON'T MISS
Price has currently breakout from a previous market structure which is visible on the 4 hours chart, the breakout from that structure will change the direction of the previous down trend which in this case will be uptrend.
Market has just approached the previous high which there are two possibilities that could happen in this scenario which are market breaking out of the previous high resistance and if this happens then we will be anticipating more bullish and if market stays below the previous high structure then we will anticipate price to drop more lower creating a new Lower Low structure before a BULLISH movement will occur.
We go more lower to the smaller timeframe for entries and exit.
Short term bullish price actionUSD is currently gaining strength hence we see this bullish momentum, on the other hand JPY is weakening. I am watching 137 as the next price USDJPY should face and the price of 137 happens to be a value area to look for sells. Trend hasn't changed yet!!! Still bearish unless 137 is broken to the upside
USDJPY | Perspective for the new week | follow-up detailsEconomic data coming out of the US economy has pointed to slowing economic growth, as the increased sentiment that the Fed may pause its tightening policy lingered across the market. The market sentiment is clearly attaching more recessionary risks to the dollar, but when we look at the charts from a technical standpoint, price action is currently sitting in a strong demand zone at the 131.000 level. An area that has favored buyers for over 10 months now. With nonfarm payrolls out of the way, all attention is now focused on next week's US consumer price index (CPI) for the month of March (amongst other high-impact events). This video explains in detail what to look for on the chart in other to take a position in the coming week(s).
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USDJPY: Seller entry!Greetings to all traders! I have some valuable trading-related information that I would like to share with you ❤️
Over the past two decades, the percentage of the global market held by the US Dollar has fallen from 71% to 59%, and there is a possibility that it could decline further in the future. This poses a significant threat to the United States as the use of different currencies in global trade is a zero-sum game, meaning that whenever a currency other than the US Dollar is used in international trade, it reduces the use of the Dollar. Therefore, if reliable alternatives to the Dollar become more popular, it could compromise America's dominance in the global market.
Note: Full TP, SL for winning the market and safe trading!
USDJPY will drop!The currency pair recently got close to my short line, but did not quite hit my zone. I have selling orders around the cross of the horizontal line and the descending trend. I'd also like to add that I have observed a bearish continuation pattern on the momentum oscillators.
Safe trading all!
Don't Buy USDJPY in Short Medium TermTechnical Analysis:
- As you can see in the chart, USDJPY is doing a abc correction in red
- We expect USDJPY will be continuing down on next week
- H1 Right Side is turning up
- H4 Right Side is turning down
Technical Information:
- We'll like to sell USDJPY when wave 4 in black is done around FWB:124 and like to buy at around HKEX:115 when the correction in wave c in red will be completed
usdjpy BUYWelcome. According to my analysis of the USDJPY pair, there is a high possibility of a bullish move. With a rising flag. The market is now trying to break the strong resistance at 133.500. good luck for everbody.Note: If you like this analysis, please give your opinion on it. in the comments. I will be happy to share ideas. Like and click to get free content. Thank you
USDJPY Bull near exhaustion?So far, price has stayed above the 21 EMA which makes me bullish biased still but I am anticipating a reversal at 134.71 - 134.87 region, I will suggest waiting for confirmation.
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USDJPY - Upside for an imbalance ✅Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: As I expected in my previous post price filled the imbalance and rejected from bullish order block. Here I am still bullish and expect now price to create a new BOS and to fill the imbalance higher.
Fundamental analysis: Tomorrow we have news events on USD, will be released monthly and yearly CPI followed by a FOMC Meeting the same day. As well, on Thursday will be released monthly PPI in USA. Keep attention on the results in order to validate the bias.
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