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GOLDMASTER1| USD/JPY 15MIN ANALYSIS USD/JPY 15M ANALYSIS – SMC PERSPECTIVE Price is currently trading around 142.108, just above a marked Bullish Order Block. We’ve identified equal lows (EQL), indicating potential liquidity resting below, but price has yet to break structure lower. The bullish OB zone (141.784 - 141.600) may act as a strong demand area. If price respects this level, a potential bullish move could occur towards the Bearish Order Block near 142.419. The projected path shows a retracement towards the supply zone (Bearish OB), where we can anticipate a potential reaction or rejection. TRADE IDEA: Monitor bullish OB for confirmations (e.g., engulfing candles or FVG on lower timeframe). Potential TP near 142.300 - 142.419 (before or at Bearish OB). Bias: Bullish short-term toward bearish OB, then reassess for possible reversal. GOLDMASTER1---
Short
by Goldmasters1
USDJPY - Bearish Momentum Points to Further Downside PotentialBased on the USD/JPY 4-hour chart, the higher probability move appears to be to the downside. The pair has established a clear downtrend since early February, with lower highs and lower lows, and recently broke below the significant support level around 144.00. The recent steep decline from late March to early April shows strong bearish momentum, with price now hovering near 143.50 after a modest retracement. The charted projection suggests further downside movement with potential targets around 142.00-141.00 in the short term, while the highlighted support zone around 142.00 and major support at 139.64 could attract price action. With resistance firmly established in the 147.00-148.00 region and the overall bearish structure intact, sellers appear to have control of this market for the foreseeable future. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by financialflagship
USDJPY Moment of truth for the long-term bullish trend.The USDJPY pair has been trading within a Channel Up since the October 17 2022 High and right now the current 1W candle is very close to its bottom (Higher Lows trend-line). This offers a low risk trading set-up. Confirmed buy will be if the price breaks and closes a 1W candle above the 1W MA50 (blue trend-line), in which case our Target will be July's Resistance at 161.500 (similar to the 2023 Bullish Leg). If on the other hand it breaks and closes a 1W candle below the Channel Up, turn short and target the 1W MA200 (orange trend-line) at 139.500. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
by TradingShot
USDJPYHello Traders! 👋 What are your thoughts on USDJPY? USDJPY is moving within a descending channel and has currently reached the top of the channel, just below a resistance zone. We anticipate some consolidation in this area, followed by a potential drop toward the bottom of the channel. For a safer sell entry, it’s better to wait for a break below the specified support level. After the breakout, a pullback to the broken support could offer a good sell opportunity. 💡Will USD/JPY respect the channel and head lower, or break out to the upside? Share your view below! 👇 Don’t forget to like and share your thoughts in the comments! ❤️
Short
by HAMED_AZ
17
USDJPY Short OpportunityPoint and Figure charting is the OG technical analysis method—no fancy candlesticks or bar charts needed. Unlike other charts, Point and Figure ignores time and focuses purely on price action, offering clarity amid market noise. If candlestick charts look too chaotic for your taste, Point and Figure usually clears things up. Its simplicity is its best feature: fewer patterns and straightforward trade execution rules, compared to the 150+ patterns of Japanese Candlesticks. On the USDJPY 40-pip/3-box reversal P&F chart, a bear flag pattern is currently being tested and acting as solid resistance. This creates an aggressive but appealing short entry opportunity at 148.80. Below this entry, there are multiple potential profit targets, with T3 (141.60) marking the maximum realistic expectation. Now, before you get too excited about a single-column collapse from 148.80 down to 141.60—hold your horses. The odds of USDJPY making such a dramatic drop in one swift move are slim to none. But given the current international trade tensions, stranger things have happened. Think of the area between 148.80 and 141.60 as a zone where it's easier for USDJPY to drift downward rather than grind upward.
Short
by itsjustanalysis
1
USD/JPY: Long Opportunity at Weekly Demand ZoneThe USD/JPY currency pair is currently pulling back into a significant weekly demand area, presenting a promising opportunity for traders looking to enter long positions. This area historically denotes strong buying interest, suggesting potential upward momentum. In contrast, the 6J1! Yen futures market displays a bearish sentiment, with many retail traders positioning against this bullish signal in USD/JPY. This divergence in market sentiment could create unique trading opportunities for those who can effectively interpret technical indicators and retail positioning. Yen Futures To capitalize on this potential rebound, a pending order has been set on the CFD for USD/JPY, with a buy limit positioned just above the demand zone. Effective risk management, including a stop-loss just below the demand area, is essential as traders navigate this evolving landscape. In summary, the combination of strong demand at critical levels and contrasting sentiment in the futures market presents a strategic trading scenario for bullish plays in USD/JPY. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
1
USD/JPY Pulls Back After Testing Channel ResistanceUSD/JPY has slipped to 149.67, down 0.66% on the day after stalling near the top of a rising channel. The pair failed to reclaim the 50- and 200-day SMAs, which remain tightly aligned near 151.7, now acting as resistance. 🔺 Price is still inside a short-term rising channel, but today's bearish candle suggests waning momentum. 📉 MACD remains in bearish territory, and while it’s improving, there’s no crossover yet. 📉 RSI at 49.06 hovers at the midpoint, showing a lack of conviction either way. Key Levels: Resistance: 151.00–151.75 (confluence of moving averages) Support: 146.95 (61.8% Fib retracement), then 143.71 (78.6% Fib) A break below the channel could signal a return to the broader downtrend, while a close above 151.75 would shift the short-term outlook bullish. -MW
by FOREXcom
USD/JPY – Key Resistance Tested After Strong RallyThe USD/JPY pair has been in a steady uptrend after finding support near the 147.800 level, leading to a breakout above key levels. The price is currently testing a significant resistance zone around 150.500, where previous rejections occurred. Key Levels to Watch: 📌 Resistance: 150.500 (current test), 155.500, 156.500 📌 Support: 147.800 If buyers sustain momentum above 150.500, we could see a move toward the 155.500 - 156.500 zone. However, rejection at this level could trigger a pullback toward 147.800 support. Traders should monitor price action at this level to determine whether a breakout or rejection occurs. What are your thoughts? Will USD/JPY break higher, or are we due for a pullback? 🚀📉
by PIXEL_BLADE
USDJPY SELL SETUP!!From a technical perspective, examining the USD/JPY chart, we might notice that prices are forming a lower high, which often indicates a potential downtrend. The price respecting Fibonacci retracement levels can also suggest that the market is reacting to key support and resistance levels. When traders see the price approaching these levels and behaving predictably, it can bolster their confidence in the direction of their trades. Overall, the expectation is for a continuing strength in the yen, especially if the market sentiment remains focused on potential rate hikes from the Fed. This scenario might lead to more bearish moves for the USD/JPY pair, making it important to watch for any significant economic data releases or comments from central bank officials that could signal changes in monetary policy.
Short
by ShinForex1
3