USDJPY
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USD / JPY trade setups using 146.50 for protection
#usdoller #USDJPY #Marketsentimentstoday #Market_Update #marketCrush
Sitting in the middle of its recent range at the beginning of a week laden with risk events, 146.50 looms as a potential level USD/JPY traders can build setups around. With price and momentum breaking their respective downtrends last week, and with no meaningful sign of further deterioration in the US labour market based on recent jobless claims data, buying dips is preferred to selling rallies near-term.
Given that view and proximity to 146.50, one potential setup would be to buy a clean break above the level with a stop below for protection. Traders could target 149.70 which is where the former uptrend dating back to early 2023 now intersects with horizontal resistance. Traders could also buy around these levels with a tight stop below for protection, although that screens as a lower probability setup despite what would be entry at lower levels.
While price momentum looks to be shifting higher, should USD/JPY continue to be capped by selling at 146.50, traders could look to sell below the level with a stop above for protection. 143.60 is one potential target given it attracted buying support on several occasions during August.
#usdoller #USDJPY #Marketsentimentstoday #Market_Update #marketCrush
Sitting in the middle of its recent range at the beginning of a week laden with risk events, 146.50 looms as a potential level USD/JPY traders can build setups around. With price and momentum breaking their respective downtrends last week, and with no meaningful sign of further deterioration in the US labour market based on recent jobless claims data, buying dips is preferred to selling rallies near-term.
Given that view and proximity to 146.50, one potential setup would be to buy a clean break above the level with a stop below for protection. Traders could target 149.70 which is where the former uptrend dating back to early 2023 now intersects with horizontal resistance. Traders could also buy around these levels with a tight stop below for protection, although that screens as a lower probability setup despite what would be entry at lower levels.
While price momentum looks to be shifting higher, should USD/JPY continue to be capped by selling at 146.50, traders could look to sell below the level with a stop above for protection. 143.60 is one potential target given it attracted buying support on several occasions during August.
[This is a real trader]
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If you were able to make a profit, please let me know by replying
By the way, I found the timing for the dollar/yen to plummet before the employment statistics, so I will be releasing it to my followers only
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#USDJPY limit high
#JPY #CryptoMotivation #earningskills #PowellAtJacksonHole
I perfectly predicted the fall of gold and made my followers earn money today
If you were able to make a profit, please let me know by replying
By the way, I found the timing for the dollar/yen to plummet before the employment statistics, so I will be releasing it to my followers only
If you want to protect your assets, you must give me a like
#USDJPY limit high
#JPY #CryptoMotivation #earningskills #PowellAtJacksonHole
USD JPY formed a bullish Pennant pattern
#usdoller #JPY #CryptoMarketMoves #TraderAlert #USDJPY
General outlook
USDJPY has been trading in a bullish trend for the last couple of hours. Now, the price displays the Pennant pattern.
If the price rebounds from the lower border or confirms a breakout of the upper border of the Pennant pattern, analysts recommend opening a Buy order.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
#usdoller #JPY #CryptoMarketMoves #TraderAlert #USDJPY
General outlook
USDJPY has been trading in a bullish trend for the last couple of hours. Now, the price displays the Pennant pattern.
If the price rebounds from the lower border or confirms a breakout of the upper border of the Pennant pattern, analysts recommend opening a Buy order.
The upcoming news will not influence your orders within the mentioned period.
Some traders may close their positions on Friday, which can add more pressure to the market.
USDJPY 5-minute timeframe chart
General Outlook
#USDJPY has been trading in a bullish trend for the last couple of hours. Now, the price displays the Wedge pattern.
If the price rebounds from the upper border or confirms a breakout of the lower border of the Wedge pattern, analysts recommend opening a Sell order.
Fundamental factors
The U.S. Jobless Claims report will be released in a few minutes and could affect this trade.
#USDJPY has been trading in a bullish trend for the last couple of hours. Now, the price displays the Wedge pattern.
If the price rebounds from the upper border or confirms a breakout of the lower border of the Wedge pattern, analysts recommend opening a Sell order.
Fundamental factors
The U.S. Jobless Claims report will be released in a few minutes and could affect this trade.
DXY💲Dollar Index Dives Back to 102.00 After Inflation-Fueled Buying Spree Wears Off
✍️Forex traders shrugged off a hotter-than-expected consumer price figure for December, leading the 💲dollar lower.The dollar index #DXY retreated early on Friday, continuing its decline from a day earlier when a surprise bump in inflation caught forex traders in a limbo. December's consumer price index showed price pressures reared up again, landing at 3.4% against a 3.2% consensus.First moves post-news saw the #US dollar sprinting fast, gaining around 0.6% to 102.80. By the end of the session, the greenback was back at its opening levels near 102.30. Traders appear to have maintained their firm belief that the Federal Reserve will indeed trim interest rates three times as indicated at the central bank's final meeting of 2023.Against that backdrop, the dollar was fairly flat to close the day, after the elevated inflation-fueled whipsawing wore off. The to grind its way toward the 💲1.10 threshold, and the a one-month high of 💹146.41 to levels around 💹145.40. #EURUSD pair went back #USDJPY slippe$d from
Why The Japanese Yen Crashed ! #USDJPY
Some friends of mine recently returned from a vacation to Japan and they can’t stop talking about how cheap their trip was. Checking the charts, these days one U.S. dollar buys almost 160 yen, meaning the dollar is the strongest it’s been versus the yen in decades.
Currencies are not always easy to think about. When a stock or commodity price goes up, it does so more or less in absolute terms.
It now is worth more and you are objectively richer. When a currency goes up (or down), it does so in relative terms.
When the dollar strengthens, I don’t feel suddenly richer. Similarly, when the Yen drops in price against the dollar or other major currencies, Japanese citizens don’t suddenly feel impoverished.
Rather, everyone goes about the business of living their lives, too busy to notice these big currency moves.
But over time, you start to feel the impact. American tourists realize how cheap Japanese tourism and goods have become. Japanese citizens start to notice that prices for imported goods, especially commodities that are priced in dollars.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7
Some friends of mine recently returned from a vacation to Japan and they can’t stop talking about how cheap their trip was. Checking the charts, these days one U.S. dollar buys almost 160 yen, meaning the dollar is the strongest it’s been versus the yen in decades.
Currencies are not always easy to think about. When a stock or commodity price goes up, it does so more or less in absolute terms.
It now is worth more and you are objectively richer. When a currency goes up (or down), it does so in relative terms.
When the dollar strengthens, I don’t feel suddenly richer. Similarly, when the Yen drops in price against the dollar or other major currencies, Japanese citizens don’t suddenly feel impoverished.
Rather, everyone goes about the business of living their lives, too busy to notice these big currency moves.
But over time, you start to feel the impact. American tourists realize how cheap Japanese tourism and goods have become. Japanese citizens start to notice that prices for imported goods, especially commodities that are priced in dollars.
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7
USDJPY Nears Key Support for Buying Opportunity
#USDJPY #CryptoMarketMoves #Marketsentimentstoday
#Market_Update #currency
Hey Traders, today we are closely monitoring USDJPY for a potential buy near the 141.500 zone.
The pair is trading within a channel and is currently approaching its channel support. We are waiting for a bullish confirmation before entering the trade.
Once confirmed, the target would be around 146, which represents a strong resistance level. Keep an eye on this setup as USDJPY could offer a solid buying opportunity soon.
#USDJPY #CryptoMarketMoves #Marketsentimentstoday
#Market_Update #currency
Hey Traders, today we are closely monitoring USDJPY for a potential buy near the 141.500 zone.
The pair is trading within a channel and is currently approaching its channel support. We are waiting for a bullish confirmation before entering the trade.
Once confirmed, the target would be around 146, which represents a strong resistance level. Keep an eye on this setup as USDJPY could offer a solid buying opportunity soon.