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Usdjpyanalysis

USD/JPY back in a strong resistance zone - SHORT from 151.90I'm SHORT USD/JPY for the following reasons: a). Price is back at a confirmed area of resistance last hit on 3rd April and 27th March b). The Andean Oscillator on 15m time frame has seen a rise of the red SELL line and is now reading .0082 having been at .0027 previous candle and .0010 candle before that having been reading zero for several bars. c). Andean Oscillator has just signalled a BUY trade on EUR/USD, GBP/USD suggesting the USD is losing support. d). Andean Oscillator is suggesting a SELL on USD/CAD confirming that the USD is coming under SELLING pressure. e). Price has broken the 20 EMA on 15M and is pushing through the 50 EMA f). MACD is signalling SELL as the fast MA has croseed south under the slow MA. g). RSI has been decling for the last 4 bars having reached the resistance zone. Taken all together this looks a decent SELL trade though we do not have as many confirmations as we would like but as there's a natural STOP just above the recent high and this STOP is just 10 pips above our entry then the reward for this trade should the selling pressure on USD increase is potentially very good as our initial target would be WPP mid pivot/200 EMA at 151.48. There is an absense of news this week until Wednesday when US CPI numbers are printed so the market will drive the price over the next several sessions.
Short
by forextraplaces
USDJPY Positional Analysis Employing a meticulous approach centered on the daily timeframe, I conduct thorough analysis, currently focusing on USDJPY ensconced within a sideways consolidation phase. My methodology hinges on precise identification of buy and sell zones, underpinned by strategic delineation of entry and exit points. By adhering to a disciplined risk management strategy, I implement tight stop losses in anticipation of substantial market movements. Rest assured, I commit to promptly updating as prices converge with the specified zones, facilitating informed decision-making for all stakeholders. Welcome to a realm where professionalism meets precision in trading analysis.
by Maven_Trader24
"The EUR is poised for a reversal."The signal of trend reversal convergence will appear when the downtrend turns into an uptrend. At that point, in a downtrend, the subsequent lows will be lower than the previous lows. However, oscillating indicators behave differently, as they show that the subsequent lows are higher than the previous lows, indicating that the momentum of the downtrend is weakening. This forms a convergence signal. We can look for opportunities to enter trades at this position with reliable candlestick patterns. However, it is also worth noting that this is bottom-fishing behavior, and we are trading against the current trend, so caution is necessary because not all signals are 100% accurate.
by AdmamTrade
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.
by fxtraderanthony
USDJPY SELL | Day Trading AnalysisHello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. Support the idea with like and follow my profile TO SEE MORE. Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝 Patience is the If You Have Any Question, Feel Free To Ask 🤗 Just follow chart with idea and analysis and when you are ready come in THE GROVE | VIP GROUP, earn more and safe, wait for the signal at the right moment and make money with us💰
Short
by TheGrove
1
USDJPY COMMUNITY TRADESThis trade opportunity is shared on my community, Yes it is. Almost 400+pips being made with 30+ pips stoploss. you heard it from me. Last friday NFP with the positive results on a dollar, I'm expecting price could manipulate the previous high at a higher context for most swing traders. This idea is base on trendline on Daily Timeframe, But on Daily EMA 13&48 closed break . I will be watching on that zone 149 zone if price decline. This is not a financial advice. Follow for more. This is not a signal or trade to be made by any other. this idea already being shared. Congrats who follow me since then, Now my followers skyrocket. almost 600 followers. Well Thanks to all fellow traders. For better trading follow your stoploss.
by D1GITALTRADES
USDJPY DAILY OUTLOOK AFTER THE END OF Q1The 1st Quarter of the year has come to an end and buyers dominated the market for the past 3 months. And price closed at the previous years high. The question going into the mind of trader is, “will the bullish strength continue ? Well,to get answer to that, we’ve been able to identify couple of trend-lines & key levels to help us navigate the potential trajectory of the market. If price is able to break above 151.820 and provide one of the valid entry requirements, we’ll go long while a break below trendline and 146.740 insight a bearish sentiment.
by Cartela
USDJPY - SELL SIGNALThe drop in FX volatility after last week’s action is being helped by the PBoC's stabilisation of the Yuan and should not help the Yen, which remains the most popular funding currency for carry trades. Verbal interventions in Japan and the softer Dollar momentum are helping a bit, but the current environment suggests a recovery in JPY remains even more strictly tied to US rates breaking lower. My call remains bearish on USD/JPY moving forward, but in the very short term, the pair may retest the 152.00+ ‘verbal intervention’ area. Guys, what do you think? Leave a comment with your thoughts.
Short
by tradingconmike
6