FrankPro Signal for USDJPY

Flexity Analysis for USDJPY

Forecast Overall(Short-Term, Long-Term): ST=Strong Up LT=Strong Up

Forecast Methods(Short-Term, Long-Term):
[Method0] ST=Up LT=Up

[Method1] ST=Up LT=Up

[Method2] ST=Up LT=Up

FlexityIndicator Analysis Method(0)

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USD/JPY Pair Analysis

Short-term (next few days to a week)

Expectation	Description
Upward Trend	Potentially breaking above the ascending channel pattern and testing its seven-week high at 149.40.
Support Levels	Identified at the nine-day Exponential Moving Average (EMA) around 144.97 and the lower boundary of the ascending channel at 143.60.
Volatility	Expected due to upcoming US data releases, but the pair is forecasted to test the support area near the 145.85 level before rebounding and continuing its growth.
Expected Price Movement	Up

Long-term (next few weeks to months)

Expectation	Description
Interest Rate Differential	Expected to continue driving the pair upward, potentially reaching the 153.50 yen level.
Bank of Japan's Stance	Dovish stance expected to maintain a bullish outlook.
Market Momentum	In favor of the USD/JPY pair, with the bond market calling for more inflation and rising US yields making the US dollar more attractive.
Expected Price Movement	Up

Note

• A breakout below the 144.05 level would indicate a continuation of the decline, targeting levels below 143.25.
• However, this scenario is not expected based on the current analysis.

Result: [Method0] ST=Up LT=Up

FlexityIndicator Analysis Method(1)

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USD/JPY Price Movement Analysis

Short-term (next few days/week)

Key Points	Expected Price Movement
The pair is expected to test the support area near the 145.85 level before continuing growth.	Neutral to slightly bullish
The 50-day EMA near the 147 yen level is seen as a significant support level, and traders are advised against shorting the pair until it breaks down below this indicator.
The upcoming US labor data release, including Nonfarm Payrolls (NFP) and Average Hourly Earnings, could provide further direction for the pair.

Long-term (next few weeks/months)

Key Points	Expected Price Movement
The interest rate differential between the US and Japan is expected to continue supporting the USD/JPY pair.	Bullish
Analysts anticipate the pair could reach towards the 153.50 yen level, although this may take some time.
The Bank of Japan's stance on interest rates remains a key factor, and the waning likelihood of further rate hikes by the BoJ supports the bullish outlook for the USD/JPY pair.

Overall Outlook

• The USD/JPY pair is expected to continue its growth in the long-term, driven by the interest rate differential and the Bank of Japan's stance on interest rates.
• In the short-term, the pair may test the support level before resuming growth, and the upcoming US labor data release could provide further direction.

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Result: [Method1] ST=Up LT=Up

FlexityIndicator Analysis Method(2)

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USD/JPY Pair Analysis and Expectations

Short-term Expectations (next few days to a week)

The pair is expected to experience some volatility ahead of the US labor data release, including Nonfarm Payrolls (NFP) and Average Hourly Earnings.

Key Levels	Description
Support Area	Near 145.85 yen level, followed by an upward price rebound
50-day EMA	Near 147 yen level, seen as a support floor
Resistance Levels	Near the upper boundary of the ascending channel, around 147.21
Potential Breakout	Above 147.21, could enable the pair to test its seven-week high at 149.40

Expected Price Movement: Up, but with some volatility and potential for a brief pullback to the support level.

Long-term Expectations (next few weeks to months)

The interest rate differential between the US and Japan is expected to continue driving the pair higher.

• Analysts anticipate the USD/JPY pair to continue rising, potentially reaching the 153.50 yen level.
• Technical indicators, such as the 14-day Relative Strength Index (RSI) remaining above the 50 mark, reinforce the continuation of the bullish trend.

Expected Price Movement: Up, with a potential target of 153.50 yen level.

Overall Sentiment

The sentiment is bullish for the USD/JPY pair, driven by interest rate differentials and technical indicators suggesting continued growth. However, market volatility and upcoming economic data releases could influence short-term movements.

Result: [Method2] ST=Up LT=Up