USDJPY_109 2024.11.01 03:13:04 Trading Signal BUY
FrankPro Signal for USDJPY_109
Type: Screen
Signal: BUY
TP: 153.005
SL: 152.207
Entry Price: 152.321
Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Undecided
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Down LT=Down
[Method1] ST=Down LT=Same
[Method2] ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, I will provide separate assessments for short-term and long-term price movements of the USD/JPY currency pair.
**Short-term analysis (next few days to a week):**
* The Japanese Yen has strengthened after the BoJ's decision to leave interest rates unchanged, which may lead to a continuation of this trend in the short term.
* The USD/JPY price is currently fluctuating between a support line and a resistance barrier, indicating a potential breakout or consolidation.
* Given the recent highs and the yen's subsequent strengthening, I expect the USD/JPY price to **go down** in the short term, potentially testing the support line of the bullish channel.
**Long-term analysis (next few weeks to months):**
* The ongoing uncertainty over potential further rate hikes by the BoJ and the yen's recent strengthening may lead to a more significant correction in the USD/JPY pair.
* The technical analysis using Elliott Wave theory suggests that the pair is at a critical juncture, which may indicate a potential reversal or continuation of the trend.
* Considering the BoJ's decision to maintain current policy settings and the yen's recent gains, I expect the USD/JPY price to **stay the same** or potentially **go down** in the long term, as the yen's strengthening may continue to influence the pair.
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: [Method0] ST=Down LT=Down
Analysis Method(1)
Based on the analysis, here are my conclusions:
**Short-term (next few days to a week):**
* The price is expected to go down, with a potential test of the support area near the 151.55 level.
* However, technical indicators suggest a potential reversal and continuation of the current upward correction, which could lead to a rebound.
* Overall, the short-term trend is uncertain and may experience consolidation.
**Long-term (next few months to a year):**
* The price is expected to stay the same or fluctuate within a range, with forecasts suggesting a range between ¥146 and ¥150 until the end of 2024.
* Some analysts predict a modest strengthening of the US dollar against the yen, with a potential close at ¥145.555 in December.
**Long-term (next few years):**
* The price is expected to go up, with forecasts indicating a gradual strengthening of the US dollar against the Japanese yen.
* The pair may rise to ¥173–¥179 by 2025 and could break above ¥220 by the end of the decade.
Please note that these conclusions are based on the analysis of the provided data and should not be considered as investment advice. Market conditions can change rapidly, and forecasts are subject to uncertainty.
Result: [Method1] ST=Down LT=Same
Analysis Method(2)
Based on the provided data, I will analyze the USD/JPY pair's price movement and provide a forecast for both short-term and long-term.
**Short-term Analysis (next few days to a week)**
* The pair is currently under bearish pressure, and the BoJ's decision to maintain its interest rate at 0.25% has added to the downward momentum.
* The price is falling towards 152.00, and the forecasts suggest a continuation of this decline.
* The solid resistance barrier at 153.65 is likely to hold, and the pair may struggle to break through this level in the short term.
**Short-term Forecast:** Down
**Long-term Analysis (next few weeks to months)**
* The USD/JPY pair has been experiencing significant fluctuations, and the recent high of 153.30 was driven by the Japanese election results.
* The pair is currently confined between the support line of a bullish channel and the resistance barrier at 153.65.
* Although the BoJ's decision has added to the bearish momentum, the long-term trend is still bullish, and the pair may eventually break through the resistance barrier.
**Long-term Forecast:** Up
In summary, the USD/JPY pair is expected to continue its downward trend in the short term due to the bearish momentum and the BoJ's decision. However, in the long term, the pair is expected to break through the resistance barrier and continue its upward trend.
Result: [Method2] ST=Down LT=Up
Type: Screen
Signal: BUY
TP: 153.005
SL: 152.207
Entry Price: 152.321
Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Strong Down LT=Undecided
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Down LT=Down
[Method1] ST=Down LT=Same
[Method2] ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, I will provide separate assessments for short-term and long-term price movements of the USD/JPY currency pair.
**Short-term analysis (next few days to a week):**
* The Japanese Yen has strengthened after the BoJ's decision to leave interest rates unchanged, which may lead to a continuation of this trend in the short term.
* The USD/JPY price is currently fluctuating between a support line and a resistance barrier, indicating a potential breakout or consolidation.
* Given the recent highs and the yen's subsequent strengthening, I expect the USD/JPY price to **go down** in the short term, potentially testing the support line of the bullish channel.
**Long-term analysis (next few weeks to months):**
* The ongoing uncertainty over potential further rate hikes by the BoJ and the yen's recent strengthening may lead to a more significant correction in the USD/JPY pair.
* The technical analysis using Elliott Wave theory suggests that the pair is at a critical juncture, which may indicate a potential reversal or continuation of the trend.
* Considering the BoJ's decision to maintain current policy settings and the yen's recent gains, I expect the USD/JPY price to **stay the same** or potentially **go down** in the long term, as the yen's strengthening may continue to influence the pair.
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: [Method0] ST=Down LT=Down
Analysis Method(1)
Based on the analysis, here are my conclusions:
**Short-term (next few days to a week):**
* The price is expected to go down, with a potential test of the support area near the 151.55 level.
* However, technical indicators suggest a potential reversal and continuation of the current upward correction, which could lead to a rebound.
* Overall, the short-term trend is uncertain and may experience consolidation.
**Long-term (next few months to a year):**
* The price is expected to stay the same or fluctuate within a range, with forecasts suggesting a range between ¥146 and ¥150 until the end of 2024.
* Some analysts predict a modest strengthening of the US dollar against the yen, with a potential close at ¥145.555 in December.
**Long-term (next few years):**
* The price is expected to go up, with forecasts indicating a gradual strengthening of the US dollar against the Japanese yen.
* The pair may rise to ¥173–¥179 by 2025 and could break above ¥220 by the end of the decade.
Please note that these conclusions are based on the analysis of the provided data and should not be considered as investment advice. Market conditions can change rapidly, and forecasts are subject to uncertainty.
Result: [Method1] ST=Down LT=Same
Analysis Method(2)
Based on the provided data, I will analyze the USD/JPY pair's price movement and provide a forecast for both short-term and long-term.
**Short-term Analysis (next few days to a week)**
* The pair is currently under bearish pressure, and the BoJ's decision to maintain its interest rate at 0.25% has added to the downward momentum.
* The price is falling towards 152.00, and the forecasts suggest a continuation of this decline.
* The solid resistance barrier at 153.65 is likely to hold, and the pair may struggle to break through this level in the short term.
**Short-term Forecast:** Down
**Long-term Analysis (next few weeks to months)**
* The USD/JPY pair has been experiencing significant fluctuations, and the recent high of 153.30 was driven by the Japanese election results.
* The pair is currently confined between the support line of a bullish channel and the resistance barrier at 153.65.
* Although the BoJ's decision has added to the bearish momentum, the long-term trend is still bullish, and the pair may eventually break through the resistance barrier.
**Long-term Forecast:** Up
In summary, the USD/JPY pair is expected to continue its downward trend in the short term due to the bearish momentum and the BoJ's decision. However, in the long term, the pair is expected to break through the resistance barrier and continue its upward trend.
Result: [Method2] ST=Down LT=Up
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