USDJPY_108 2024.11.08 04:58:04 Trading Signal SELL
FrankPro Signal for USDJPY_108
Type: Screen
Signal: SELL
TP: 152.5545
SL: 152.803
Entry Price: 152.732
Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Probably Up LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Up LT=Up
[Method1] ST=Up LT=Up
[Method2] ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here are my predictions for the USD/JPY pair:
**Short-term (next few days/week):**
* The pair is expected to test the support area near 151.85 before potentially rebounding and continuing its growth.
* The current retracement from recent highs is seen as a minor correction, and the pair is likely to resume its upward trend.
* The support levels at 150.78 and 149.77 are expected to hold, and the pair is likely to bounce back from these levels.
* **Prediction:** The price is expected to go **UP** in the short-term, with a potential target above 159.65.
**Long-term (next few weeks/months):**
* The bullish channel and moving averages indicate a long-term bullish trend.
* Trump's policies are expected to support the US dollar and put pressure on the yen, which could lead to further gains for the USD/JPY pair.
* The Bank of Japan's potential end to its negative interest rate policy in 2024 could also support the yen, but this is not expected to happen until early 2025.
* **Prediction:** The price is expected to go **UP** in the long-term, with a potential target above 159.65 and possibly even higher.
**Note:** The predictions are based on the analysis provided and are subject to change based on new market developments and data releases.
Result: [Method0] ST=Up LT=Up
Analysis Method(1)
Based on the provided analysis, here are my predictions for the USD/JPY currency pair:
**Short-term (next few days to a week):**
The price is expected to **go up**. The analysis suggests that the USD/JPY pair will continue its upward trend, with forecasts indicating a potential test of the support area near 151.85 before rebounding and continuing growth towards the area above 159.65. The pair has already pushed past several resistance levels, and a breakout of the resistance level and consolidation above 155.05 would confirm the price rise.
**Long-term (next few weeks to months):**
The price is expected to **go up** as well. The analysis highlights several factors that support a strong upward trend for the USD/JPY pair, including the US presidential election outcome, expectations of more cautious Federal Reserve rate cuts, and the potential for rate hikes by the Bank of Japan. Additionally, the technical analysis suggests that the pair is likely to continue its growth towards the area above 159.65.
Overall, both short-term and long-term analyses suggest that the USD/JPY pair is likely to experience an upward trend, driven by a combination of economic and political factors.
Result: [Method1] ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term:
**Short-term (next few days to a week):**
* The pair has backed off from its recent highs and is expected to test the support area near 151.85.
* A potential upward rebound and continued growth to the area above 159.65 is forecasted.
* However, if the pair falls and breaks through the 150.25 level, it would indicate a breakout of the support area and a continued decline.
* Given the mixed market sentiment and the US Dollar's rally halt, I expect the price to **stay the same** or experience a **slight decline** in the short-term, potentially testing the 151.85 support level.
**Long-term (next few weeks to months):**
* The outcome of the US presidential election and Donald Trump's policies are expected to lead to higher inflation and interest rates, supporting the US Dollar.
* Japan's National core CPI acceleration and potential changes to the Bank of Japan's negative interest rate policy could impact the yen's value.
* The technical analysis suggests a potential upward rebound and continued growth to the area above 159.65.
* Considering these factors, I expect the price to **go up** in the long-term, potentially breaking through the resistance level and consolidating above 155.05.
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events emerge.
Result: [Method2] ST=Down LT=Up
Type: Screen
Signal: SELL
TP: 152.5545
SL: 152.803
Entry Price: 152.732
Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Probably Up LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Up LT=Up
[Method1] ST=Up LT=Up
[Method2] ST=Down LT=Up
Analysis Method(0)
Based on the provided analysis, here are my predictions for the USD/JPY pair:
**Short-term (next few days/week):**
* The pair is expected to test the support area near 151.85 before potentially rebounding and continuing its growth.
* The current retracement from recent highs is seen as a minor correction, and the pair is likely to resume its upward trend.
* The support levels at 150.78 and 149.77 are expected to hold, and the pair is likely to bounce back from these levels.
* **Prediction:** The price is expected to go **UP** in the short-term, with a potential target above 159.65.
**Long-term (next few weeks/months):**
* The bullish channel and moving averages indicate a long-term bullish trend.
* Trump's policies are expected to support the US dollar and put pressure on the yen, which could lead to further gains for the USD/JPY pair.
* The Bank of Japan's potential end to its negative interest rate policy in 2024 could also support the yen, but this is not expected to happen until early 2025.
* **Prediction:** The price is expected to go **UP** in the long-term, with a potential target above 159.65 and possibly even higher.
**Note:** The predictions are based on the analysis provided and are subject to change based on new market developments and data releases.
Result: [Method0] ST=Up LT=Up
Analysis Method(1)
Based on the provided analysis, here are my predictions for the USD/JPY currency pair:
**Short-term (next few days to a week):**
The price is expected to **go up**. The analysis suggests that the USD/JPY pair will continue its upward trend, with forecasts indicating a potential test of the support area near 151.85 before rebounding and continuing growth towards the area above 159.65. The pair has already pushed past several resistance levels, and a breakout of the resistance level and consolidation above 155.05 would confirm the price rise.
**Long-term (next few weeks to months):**
The price is expected to **go up** as well. The analysis highlights several factors that support a strong upward trend for the USD/JPY pair, including the US presidential election outcome, expectations of more cautious Federal Reserve rate cuts, and the potential for rate hikes by the Bank of Japan. Additionally, the technical analysis suggests that the pair is likely to continue its growth towards the area above 159.65.
Overall, both short-term and long-term analyses suggest that the USD/JPY pair is likely to experience an upward trend, driven by a combination of economic and political factors.
Result: [Method1] ST=Up LT=Up
Analysis Method(2)
Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term:
**Short-term (next few days to a week):**
* The pair has backed off from its recent highs and is expected to test the support area near 151.85.
* A potential upward rebound and continued growth to the area above 159.65 is forecasted.
* However, if the pair falls and breaks through the 150.25 level, it would indicate a breakout of the support area and a continued decline.
* Given the mixed market sentiment and the US Dollar's rally halt, I expect the price to **stay the same** or experience a **slight decline** in the short-term, potentially testing the 151.85 support level.
**Long-term (next few weeks to months):**
* The outcome of the US presidential election and Donald Trump's policies are expected to lead to higher inflation and interest rates, supporting the US Dollar.
* Japan's National core CPI acceleration and potential changes to the Bank of Japan's negative interest rate policy could impact the yen's value.
* The technical analysis suggests a potential upward rebound and continued growth to the area above 159.65.
* Considering these factors, I expect the price to **go up** in the long-term, potentially breaking through the resistance level and consolidating above 155.05.
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events emerge.
Result: [Method2] ST=Down LT=Up
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