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USD/JPY Discussion 7 replies

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USD/JPY Discussion

Quoting KeenPips
USDJPY price action on the daily time frame turned sideways on Friday within the 152.520/150.810 former horizontal support zone (magenta) after a bullish retest on Wednesday. The technical pattern favours further northward move, at least on a short-term basis. I may be wrong. Trade safe and prosper. KP {image}


Great analysis.. It seems I made a mistake in calculating the time period.. I wish you success.
As a result of the election, the ruling coalition of the Liberal Democratic Party and Komeito lost their majority of seats, which has led to political instability and made it difficult for the Bank of Japan to raise interest rates. The value of the yen will fall.
Considering how bullish and strong USD/JPY has been for the last several weeks, USD/JPY is eyeing or targeting 154.545. The daily timeframe shows that an overreach occurring due to a breakout from a trendline that occurred on the daily chart several weeks ago. BUY USD/JPY !!!
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Might Retest to point 1 Not to hurry
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https://www.forexfactory.com/attachm...1?d=1730243225
USDJPY price action on the daily time frame went sideways as it effected a bullish charge towards the upper trendline of the rising channel (purple) within which it is consolidating. The technical impulse favours bulls more than bears.

I may be wrong. Trade safe and prosper.
KP

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Do your homework, follow the footprints of smart money
The slowdown in NFP this time may be due to the effects of hurricane damage and the Boeing strike, so it is difficult to say that the US labor market has slowed down based on these figures, and it is unlikely that the US FOMC meeting and Fed Chairman Powell's press conference scheduled for next week will be overly dovish (US interest rates are likely to rise after the US FOMC meeting, which will lead to stronger US dollar buying).
In addition, with regard to the latter (US presidential election), since both Trump and Harris have pledged to implement significant tax cuts and fiscal stimulus, the ripple effect is basically expected to be a rise in US long-term interest rates, which will lead to US dollar buying.
Quoting KeenPips
USDJPY price action on the daily time frame went sideways as it effected a bullish charge towards the upper trendline of the rising channel (purple) within which it is consolidating. The technical impulse favours bulls more than bears. I may be wrong. Trade safe and prosper. KP {image}
150.8 will be important
When you look at Chart,there are 10,000 traders do the same time
IT DID RETESTED....As I said
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After a small correction, USD/JPY is expected to rise to 152.991 as the trend is currently bullish
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all hand short @ 154.09 ~ for Trump
When you look at Chart,there are 10,000 traders do the same time
do you think this scenario is possible
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Quoting Jt197
do you think this scenario is possible {image}
With 100% hindsight provided by the passage of time I can safely tell you its impossible - the way you drew it
If you think you can or cannot do it you are correct
Today USDJPY is bearish
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Quoting MrAnonymous
Today USDJPY is bearish {image}
Not true ...~ ... It's USD crash ~

If JPY is strong , now arrival 150.x already
When you look at Chart,there are 10,000 traders do the same time
Quoting kcal
{quote} Not true ...~ ... It's USD crash ~ If JPY is strong , now arrival 150.x already
perhaps we have just had a mad reaction to the election. And the true trend will emerge in a few days.
If you think you can or cannot do it you are correct
Currently targeting 152.20 area from 154.36, will see how this plays out.
USDJPY will reach 160 soon. Trumps presidency will be bullish for the US dollar. Pretty sure we will reach all time highs next month.
Quoting Dbtrading
USDJPY will reach 160 soon. Trumps presidency will be bullish for the US dollar. Pretty sure we will reach all time highs next month.
If reach 160, i must eat my PC ....... = =
https://www.bloomberg.com/news/artic...-checkout=true
When you look at Chart,there are 10,000 traders do the same time
Of course the elections might toss a wrench into plans made prior but further out I was anticipating mid/lower 140s by end of year, time and the zig /zag will tell. No matter I'll take 160 as well.
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