Short trade on AUDJPY 4H TFAs we can see the market is in down trend so we are taking advantage of it , with a continuation tools that is fib retracement
Jpy
Sell GBPJPY Bearish ChannelThe GBP/JPY pair on the M30 timeframe displays a potential selling opportunity due to the presence of a well-defined bearish channel pattern. This pattern suggests ongoing selling pressure and a higher likelihood of further declines in the coming minutes or hours.
Key Points:
Sell Entry: Consider entering a short position around the current price of 188.60. This places your entry near the current price action and potentially close to a retest of the channel resistance.
Target Levels: Initial bearish targets lie at the previous support levels within the channel, now acting as potential resistance zones:
187.62: This represents a significant support level within the channel.
187.10: This is a further extension of the downside target, based on the height of the channel.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 189.15. This helps limit potential losses if the price unexpectedly breaks above the channel and invalidates the downtrend.
Thank you
CADJPY AnalysisHello, traders I have been analyzing the CADJPY market trend for a while now and if you look closely it has created a rising wedge pattern on a Daily time frame for my understanding, this pattern signals a bearish move. So now I will wait for the price to break the trend line and that zone I highlighted and come back to it and act as resistance then I can look for long bearish trades. So what do you think about this one?
USDJPY: Excellent buy opportunity.USDJPY is bearish on its 1D technical outlook (RSI = 41.212, MACD = -0.110, ADX = 47.052) but not only is the price making a rebound on the 1D MA200 but the 1D RSI is also staging a rebound from nearly oversold levels, much like it did on July 13th 2023. All this price action is taking place inside a long term Channel Up pattern, so this is a buy opportunity with significant upside potential. Our target is the top of the Channel (TP = 160.00).
See how our prior idea has worked out:
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Analyzing EUR/JPY Dynamics Post-Tokyo CPI SurgeAmid the bustling European trading session on Tuesday, the EUR/JPY cross finds itself grappling with a downward shift, slipping beneath the mid-163.22s. This move follows closely on the heels of the Tokyo Consumer Price Index (CPI) report for February, which has ignited speculations about an impending shift in the Bank of Japan's (BoJ) interest rate policy. The CPI surge signals a potential departure from the negative interest rate regime, thereby bolstering the Japanese Yen (JPY) and exerting downward pressure on the cross.
Fresh data from the Statistics Bureau of Japan paints an intriguing picture, with the Tokyo CPI soaring to 2.6% year-over-year in February, a notable jump from January's 1.6%. However, when excluding Fresh Food and Energy, the CPI moderated slightly to 3.1% year-over-year in January from the previous 3.3%. This surge in price growth above the central bank's target for February has fueled speculation regarding the BoJ's first interest rate hike since 2007, bolstering the JPY against its currency counterparts.
BoJ board member Hajime Takata has dropped tantalizing hints about a potential early shift in the central bank's policy, suggesting that the coveted price target is now within reach, warranting a change in monetary policy stance. However, BoJ Governor Kazuo Ueda remains cautiously optimistic, emphasizing the need for further data to validate the emergence of a sustainable wage-price cycle.
Meanwhile, over in Euro territory, all eyes are on the European Central Bank (ECB) as it gears up for its March meeting later this week. Market watchers eagerly anticipate whether the ECB will maintain the main refinancing rate at 4.5%, with ECB President Christine Lagarde's recent remarks hinting at a continued struggle against disinflation. Lagarde stressed the importance of gathering more data before contemplating any rate adjustments. The market will be closely attuned to the forthcoming press conference, where any deviation from a hawkish tone could trigger selling pressure on the Euro (EUR) and cast a shadow over the EUR/JPY cross.
In light of the current landscape, our analysis paints a picture of a potential JPY strengthening, possibly prompting a retracement in the EUR/JPY pair.
CHFJPY: Is the high in?Starting to see Yen strength materialise, with the BoJ looking to get out of the current cycle.
Surely Yen can't go much lower against all of the G10, so expecting some moves in the coming week.
We've been failing at the 171.8 high for weeks so this looks like consolidation to me now, ready for a push down.
Starting this week with the CHF PCI data this Tuesday, expecting to start seeing signs of cuts from the SNB so this could be a cross that moves.
Mar. 2024, TRY out of core shorts.Decades of shorts are over imo.
Geo setups are very interesting from my point of view, regarding this region.
CU ltr.
All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
JPN225 LongReason:
Market structure bullish
Fair value gap (2h timeframe)
break of structure
COT have been buying it long last week which tells us that bullish momentum will most likely continue
GBPJPY dips continue to attract buyers.GBPJPY - Intraday
The primary trend remains bullish.
The selloff has posted a correction count on the daily chart.
Buying continued from the 50% pullback level of 188.30.
We look to buy dips.
Bespoke support is located at 188.70.
We look to Buy at 188.70 (stop at 188.20)
Our profit targets will be 189.90 and 190.20
Resistance: 189.70 / 190.20 / 190.70
Support: 188.70 / 188.20 / 187.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPJPY Pull-back to the 1W MA50 as per historic pattern.The GBPJPY pair broke recently above the 2023 High has been consolidating these past 3 weeks. This consolidation can technically be the start of a new correction back towards the 1W MA50 (blue trend-line) in order to test the market demand and get confirmation.
This is exactly what took place in October 2014, which as you can see, is the fractal that GBPJPY's 4-year Channel Up (since the March 2020 COVID bottom), is almost identical to. In fact we are at the +53.99% increase level since the bottom as the pair was on September 2014, displaying remarkable fractal symmetry.
Based on that, we are medium-term sellers on GBPJPY, targeting 183.000 (1W MA50) where we will reverse to a buy again and target the top of the Channel Up at 200.000.
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USDJPY Potential UpsidesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 148.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 148.500 support and resistance area.
Trade safe, Joe.
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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Sell NZDJPY Channel PatternThe NZD/JPY pair on the M30 timeframe presents a potential selling opportunity due to the presence of a bearish channel pattern.
Sell Entry: Consider entering a short position around the current price of 91.65, positioned near the current price within the channel.
Target Levels: The initial bearish target lies at the 91.15 level, which represents the previous support line within the channel. Further downside targets could be determined using other technical analysis methods like Fibonacci retracements or extensions.
Stop-Loss: To manage risk, place a stop-loss order above the broken resistance line of the channel, ideally around 91.85. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Thank you.
GBPJPY to form a higher low?GBPJPY - 24h expiry
The medium term bias remains bullish.
Trading within a Bullish Channel formation.
The sequence for trading is higher highs and lows.
Buying continued from the 61.8% pullback level of 189.20.
Previous support located at 190.10.
We look to Buy at 190.10 (stop at 189.70)
Our profit targets will be 191.10 and 191.35
Resistance: 191.10 / 191.60 / 192.00
Support: 190.10 / 189.60 / 189.10
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
GBPJPY: Key Resistance in Focus This Week - Breakout Potential?GBPJPY faces a critical juncture this week, with a formidable monthly resistance level at 193.659 coming into view. If the pair can surmount this hurdle, it could unlock a significant upside move towards 214.005, with limited resistance in the way.
Technical Analysis:
GBPJPY has been in a strong uptrend since the beginning of the year, gaining over 17%.
The pair is now approaching a key monthly resistance level at 193.659.
A break above this level could signal further bullish momentum, with a potential target of 214.005.
There is limited resistance between 193.659 and 214.005, suggesting that the pair could make a significant move if it breaks above the resistance level.
Fundamental Factors:
The Bank of England (BoE) is expected to raise interest rates at its next meeting in March.
This could support the pound sterling against the Japanese yen.
The Japanese economy is facing headwinds from rising inflation and a weak yen.
This could weigh on the Japanese yen and support GBPJPY.
Conclusion:
GBPJPY is poised for a significant move this week. A break above the key resistance level at 193.659 could signal further bullish momentum, with a potential target of 214.005. Traders should closely monitor GBPJPY's price action around the 193.659 level this week. A breakout above this resistance could indicate further bullish momentum, while a rejection could indicate a potential pullback.
Additional Information:
The pair has already broken the monthly pivot and pulled back to it, which could be a bullish signal.
The RSI indicator is also showing bullish momentum, with a reading of 65.
The MACD indicator is also bullish, with a crossover above the signal line.
Disclaimer:
This is not financial advice. I am not a financial advisor. Please do your own research before making any investment decisions.
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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CADJPY: Next stop the monthly falling trendline?There's not much in the way of this move from what I can see.
Yen continues to be the weakest currency in the G10 (for now, BoJ look set to intervene at some point this year) and for the short term I expect this to continue to meet the descending long-term trendline that's formed.
I'll be looking for sells around 115 with any LTF confirmation, but until then I'm going to be doing some long scalps not that local resistance has been broken and retested.
AUDJPY Potential DownsidesHey Traders, in tomorrow’s trading session we are monitoring AUDJPY for a selling opportunity around 98.100 zone, AUDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 98.100 support and resistance area.
Trade safe, Joe.
USDJPY BUY USING PO3 ? (market cycles)hello guys i hope you are having a good week ,
today i am looking at USDJPY
this weekly candle on usdjpy closes as a hammer looking like candle indicating buy.
for the daily tf the price started consolidating for a while now (accumulation) , since friday candle closed as inverted hammer am guessing monday we are going to see a red candle possible the candlle that will do the manipulation.
my point of interest is the Orderblock/Demand zone on the 1Dtf i will llook for entries in that area it also serves as a rejection block we can see a candle leaving a big whick in that area.
but i have to be careful since the price is on the 150 zone this zone is notorious because of the manipulations caused by bank of japan in that price range it is also a psycological level that the price has been testing for a while now so my tp will not be crazy .
keep in mind very very action packed week ahead trade safe !
Usdjpy does looks heavy but...Hello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Looking at UJ it does look heavy, also on other jpy crosses they are turning with Lower low and lower highs. Could likely continue the downtrend with jpy strengthening~
Do check out my stream video for the week to have more explanation in place.
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The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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USDJPY - Short Trade Idea (ICT)This is a short trade idea for the Gopher.
There are equal highs as a target above, but I believe we will possibly head to the downside first towards the sellside liquidity and a signature Weekly R2F Gap, coupled with a refined Daily and 6h gap.
What I will be looking for is a convincing shift in market structure and displacement on a lower timeframe to validate this narrative, of course, at an appropriate day of week and time of day.
Let's see how this plays out!
- R2F
EURJPY to form a lower high?EURJPY - Intraday
Buying pressure from 161.68 resulted in prices rejecting the dip.
The current move higher is expected to continue.
Short term bias has turned negative.
We therefore, prefer to fade into the rally with a tight stop in anticipation of a move back lower.
Although the anticipated move lower is corrective, it does offer ample risk/reward today.
We look to Sell at 162.95 (stop at 163.35)
Our profit targets will be 161.95 and 161.75
Resistance: 164.30 / 167.35 / 168.95
Support: 161.90 / 160.00 / 158.70
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
