Trading USDJPY Using Multiple Timeframe Analysis

Long time no see!! I hope y’all are well.

I took some time off to get in quality time with my family. I’m getting back at it with you all this week and I’m completing a multiple timeframe analysis on one of y’alls favorite forex currency pairs, USDJPY.

I walk thru the top down analysis strategy step by step — simple enough for a beginner to understand.

I provide my directional bias on the pair and the setup that I see. I try to keep things simple and as least complicated as possible. My tools are support, resistance, trendlines and fibs.

What’s your outlook on this pair? What tools do you use to complete your analysis? Do you look at the higher timeframe for your trading style?

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Join me as a I take a look at this forex pair and complete a multiple time frame analysis.

I analyze 28 pairs on a pretty consistent basis and choose the pairs that make the most sense for me and my trading style. I mostly look at price action and market structure.

I cover both major and minor pairs. I rarely cover XAUUSD and XAGUSD.

You will typically see me cover the following:

AUDUSD
EURUSD
GBPUSD
USDCAD
USDCHF
USDJPY
NZDUSD
EURGBP
EURCAD
EURAUD
EURNZD
EURCHF
EURJPY
GBPJPY
AUDJPY
NZDJPY
CADJPY
CHFJPY
GBPCAD
GBPAUD
AUDNZD
AUDCAD
AUDCHF
NZDCHF
CADCHF
NZDCAD

As a technical analysis trader, I focus heavily on the Fibonacci sequence, support and resistance and trendlines to complete my outlook.

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Disclaimer
Legal Notice: The views and opinions expressed on this channel are provided for information purposes only and should not be taken as (a) a solicitation of an offer to buy or sell a currency, (b) an endorsement or recommendation of any particular trading strategy or (c) investment advice.

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Past performance is not indicative of future results. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Jerome Powell announced Friday that fed rate hikes may go higher. They also increased fed rate by another .25 basis points. There is a lot of bullish sentiment and fundamentals. I’m looking for longs until the bureau of Labor statistics releases non-farm payroll and employment rates next Friday for u.s. Unless something unexpected happens or the bank of Japan announces very good news, I’ll be looking for longs. Got several economic events marked up on my economic calendar for this week. If you look at the 10-year bond note you can see it is increasing as well. The 10-year bond note has been in an uptrend since April, and if you look at USD JPY they’ve been in an uptrend since the same time. That only matters because interest rates are highly correlated to this currency pair. Once I realized the market moves due to Future expectations and not past price, it has helped me tremendously. A combination of technical, quantitative and fundamental analysis with sentiment. Fundamental analysis itself is a leading indicator.