Japanese Yen / U.S. Dollar

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Japanese Yen / U.S. Dollar forum






USDJPY there is a bearish divergence on 4 hrs, thank me later


USDJPY good day champs🔥 lets buy 147.220 147.020 SL 146.720
TP 147.720 148.220 148.720
let's print USD 🤫🤘📈


USDJPY usdjpy sell now ✅

entry point (147.300) (147.250)

TAKE PROFIT 1: (147.100)

TAKE PROFIT 2: (146.900)

LAST TARGET(146.650)

STOP LOSS (147.500)

USDJPY
2/2 Summary of Key Levels

Daily & 4-Hour Support and Resistance

Daily Support: 146.500, 146.000, 145.800 USD
Daily Resistance: 147.800, 148.000, 148.200 USD

4-Hour Support: 147.000, 146.800, 146.500 USD
4-Hour Resistance: 147.500, 147.800, 148.000 USD

Exponential Moving Average (EMA) Levels

Daily EMA:

EMA 50: 146.900 USD
EMA 100: 146.600 USD
EMA 200: 146.300 USD
EMA 400: 145.900 USD

4-Hour EMA:

EMA 50: 147.200 USD
EMA 100: 147.000 USD
EMA 200: 146.800 USD
EMA 400: 146.500 USD

Weekly Pivots

Pivot Point: 147.200 USD
Resistance 1: 147.800 USD
Support 1: 146.600 USD

Daily Pivots

Pivot Point: 147.300 USD
Resistance 1: 147.700 USD
Support 1: 146.900 USD

Fibonacci Retracement Levels

23.6% Level: 147.500 USD
38.2% Level: 147.000 USD
50% Level: 146.500 USD
61.8% Level: 146.000 USD

Fundamental Analysis and Upcoming USD News

The USDJPY market is significantly influenced by economic data releases and monetary policy decisions from the Federal Reserve. Upcoming important USD news includes:

Federal Reserve Meetings: Decisions on interest rates can lead to significant price movements in USDJPY. Traders should keep an eye on any announcements regarding rate hikes or changes in monetary policy.

US Inflation Reports: Inflation data can impact the dollar's strength, influencing the USDJPY pair. Rising inflation may prompt the Fed to consider tightening monetary policy, which could lead to an appreciation of the USD against the JPY.

Employment Reports: Job data, including non-farm payrolls and unemployment rates, can indicate economic strength or weakness, affecting investor sentiment towards the USD. Strong employment figures may bolster the dollar, while weaker data could have the opposite effect.

As these events approach, traders should remain vigilant and adjust their strategies accordingly, as they can create volatility in the USDJPY market.

Conclusion

In conclusion, the current analysis of the USDJPY currency pair reveals several key levels and indicators that traders should monitor closely. With the price hovering around significant swing highs and various technical signals indicating potential movement, staying informed and prepared is essential for capitalizing on trading opportunities. By utilizing the insights from this analysis, traders can make more informed decisions in the dynamic USDJPY market. Remember to consider both technical and fundamental factors when planning your trading strategies. Happy trading! 📈✨