USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.900 support and resistance area.
Trade safe, Joe.
Jpy
USDJPY: Bullish signal on the 0.5 Fib.USDJPY is almost oversold on its 1D technical outlook (RSI = 32.042, MACD = -1.350, ADX = 47.008), pulling back on a technical retrace inside the long term Channel Up. This bullish wave correction is identical to the 0.5 Fibonacci pullback of December 29th 2023 that also traded on similar RSI levels. We expect the price to start recovering now and aim at the 1.382 Fibonacci. Go long, TP = 166.300.
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GBP/JPY Triangle Pattern (14.2.25)The GBP/JPY Pair on the M30 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 189.83
2nd Support – 188.42
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Bullish bounce off overlap support?USD/JPY is falling towards the pivot which is an overlap support that aligns with the 138.2% Fibonacci extension and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 149.37
Why we like it:
There is an overlap support that aligns with the 50% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss: 147.14
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 151.27
Why we like it:
There is a pullback resistance level.
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Bearish drop?EUR/JPY has broken out of the pivot and could drop to the 1st support which acts as a pullback support.
Pivot: 157.19
1st Support: 155.60
1st Resistance: 158.37
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/JPY Technical Analysis: Rebound Opportunities
Hello readers, my name is Andrea Russo and I am a Professional Trader. Today I want to show you my technical analysis on USD/JPY, a currency cross that has caught my attention for its current oversold position. I will analyze the various timeframes (1 day, 4 hours and 1 hour) to give you a clearer overview of the trading opportunities that could open up in the coming days.
Analysis on the Daily Chart (1D)
Let's start with the 1-day chart, where we can clearly see that the USD/JPY pair is in an oversold zone. The RSI (Relative Strength Index) and the price have reached levels that indicate a potential reversal. The bearish trend has been consolidated for several days now, but the market seems to be starting to exhaust its strength, approaching a possible support area. The moving averages (200 EMA, 50 EMA and 20 EMA) suggest a possible price recovery when the market finds stable support. The area where we are is crucial for a possible rebound.
Analysis on the 4-Hour (4H) Chart
Moving to the 4-hour chart, the situation is similar: the RSI is clearly in the oversold zone, and we can observe that the price has made a significant correction. This tells us that the market could be ready to reverse direction, with a recovery towards the next resistance level, located near 152,500. The structure of the market in this time frame suggests that it could be a good time to enter a long trade with short-term targets.
Analysis on the 1-Hour (1H) Chart
Finally, the 1-hour chart further confirms our hypothesis of an oversold zone. The RSI has reached extreme levels, indicating that the market could remain in this condition for a while, but a correction is also likely to occur soon. The price action on this timeframe indicates a potential entry opportunity for those looking to take advantage of a technical bounce. The short-term moving averages are starting to move away from the price, which could indicate a change in the direction of the trend.
Conclusion
In summary, USD/JPY seems to be in an oversold phase on all major timeframes (1D, 4H, 1H). This could be a signal that the market is ready to retrace, with a possible rally in the coming days. Traders could consider entering a long position, looking to take advantage of a technical bounce towards resistances. However, it is crucial to monitor key support and resistance levels, as well as the RSI, to try to avoid trading in a further downside environment.
As always, I recommend using rigorous risk management to protect your capital in the event of unexpected market movements.
Happy trading and see you soon with more analysis!
Andrea Russo
Bearish drop?USD/JPY is rising towards the pivot which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop to the 1st support which acts as a pullback support.
Pivot: 151.27
1st Support: 149.66
1st Resistance: 152.64
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Why Morgan Stanley and MUFG back JPY? Morgan Stanley and MUFG both see the Japanese yen as the strongest G10 currency in 2025. They expect it to gain value as U.S. interest rates fall and Japan’s central bank raises its own.
On the daily chart, USD/JPY oscillators are still away from being in the oversold zone, suggesting that the path of least resistance could to the downside.
MUFG predicts further yen gains, especially against the euro, and has set a target of 150 for EUR/JPY, down from 157.
Morgan Stanley also favors the Australian dollar. Meanwhile they believe the New Zealand dollar will appreciate but underperform the Australian dollar due to a weaker domestic outlook.
NZD/JPY - H1 Chart - Trendline Breakout (18.02.2025)The NZD/JPY Pair on the H1 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Trendline Breakout Pattern. This suggests a shift in momentum towards the downside in the coming hours.
Possible Short Trade:
Entry: Consider Entering A Short Position around Trendline Of The Pattern.
Target Levels:
1st Support – 86.00
2nd Support – 85.60
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AUD/JPY: Counter-trend bull flag in focusI have outlined my bearish case for AUD/JPY for the year in prior articles and videos, but today I want to look at a potential countertrend setup.
A bull flag is forming on the daily chart. Usually I'd prefer to see such patterns during a strong uptrend as a continuation pattern. But given we saw a false break of an elongated bullish pinbar and sharp reversal higher, I suspect there is at least one more leg higher brewing for AUD/JPY. And because this is counter trend to my core bearish bias, I am not seeking the usual flag projection target, and instead will be happy with a more conservative reward if successful.
Prices are holding above the 10-day ERMA and weekly pivot point, but bulls could also seek dips towards the high-volume node (HVN) at 95.11 or around the 98 handle.
Bulls could target the 97 handle, with a break above 97.20 brining the weekly R1 into focus just below 98.
Matt Simpson, Market Analyst at City Index and Forex.com
Could the price bounce from here?AUD/JPY is falling towards the support level which is a pullback support that is slightly below the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 95.69
Why we like it:
There is a pullback support level that is slightly below the 50% Fibonacci retracement.
Stop loss: 95.06
Why we like it:
There is a pullback support level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 96.62
Why we like it:
There is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY fora selling opportunity around 151.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 151.800 support and resistance area.
Trade safe, Joe.
AUDJPY Sell signal below the 4H MA50.The AUDJPY pair has been trading within a Bearish Megaphone and is currently going sideways within the 4H MA200 (orange trend-line) and 4H MA50 (blue trend-line). Every time the latter broke to the downside, the pattern started its new Bearish Leg.
Assuming it hits at least the 1.236 Fibonacci extension like the first Bearish Leg, we are looking at a short-term Target of 93.750, if the 4H MA50 breaks.
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Gold(XAUUSD Bullish Breakout with Upside Potential Towards 2,940This chart shows a bullish structure in gold (XAUUSD) on the 15-minute timeframe.
1. **Break of Structure (BOS)** – There was a BOS to the upside, confirming bullish momentum.
2. **Change of Character (ChoCH)** – Multiple ChoCH events indicate a shift in sentiment before the breakout.
3. **Liquidity & Equal Highs (EQH)** – A weak high is marked around 2,940, suggesting a possible liquidity grab.
4. **Demand Zone & Trendline Support** – The price rebounded from a key demand zone and trendline support, fueling the breakout.
5. **Current Price Action** – Gold is currently in a minor pullback around 2,911 after a strong bullish push. The next potential target is near the 2,940 resistance.
If the price holds above the 2,904–2,911 support zone, further upside is expected toward 2,940. A failure to hold could lead to a retest of lower demand zones.
Heading into 50% Fibonacci resistance?USD/JPY is rising towards the pivot and could drop top the 1st support.
Pivot: 152.85
1st Support: 151.21
1st Resistance: 153.74
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop off pullback resistance?EUR/JPY is rising towards the pivot which is a pullback resistance and could drop to the 61.8% Fibonacci support.
Pivot: 159.52
1st Support: 157.81
1st Resistance: 160.99
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?CAD/JPY is reacting off the pivot and could drop to he 1st support.
Pivot: 107.28
1st Support: 106.21
1st Resistance: 108.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?CAD/JPY is reacting off the pivot and could drop to the 1st support.
Pivot: 107.28
1st Support: 106.21
1st Resistance: 108.28
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
USD/JPY Holding Above 151.79 – Breakout or Rejection Next?USD/JPY Technical Analysis – February 18, 2025
The price is stabilizing above the 151.79 support line, indicating a potential move toward the 153.27 resistance.
To confirm a bullish continuation, USD/JPY must break above the 153.97 trend resistance, which could push the price further toward 155.10.
However, if the price fails to hold above 151.79 and breaks below 151.04, it would signal a bearish trend toward 149.67 and 147.82.
Key Levels to Watch
🔹 Pivot Point: 151.79
🔹 Resistance Levels: 153.27, 153.97, 155.10
🔹 Support Levels: 151.04, 149.67, 147.82
📉 Directional Bias: USD/JPY is expected to test 153.27 - 153.97 before deciding whether to break out higher or reject downward toward 151.79.
💬 Will USD/JPY break resistance or face rejection? Drop your thoughts! 👇🔥
CADJPY LongOn the Hourly TF the price has just broken through the previous Lower High, marking a new Higher High.
Expecting the price to retrace filling in all inefficiencies down to around $106.9 before reversing from an Order Block (OB) and rally to the next OB at $107.4.
If the price can break through $107.4, it is highly probable that the uptrend will continue.
Falling towards 61.8% Fibonacci support?EUR/JPY is falling towards the pivot which has been identified as a pullback support that aligns with the 61.8% Fibonacci retracement and could bounce to the pullback resistance.
Pivot: 157.97
1st Support: 156.57
1st Resistance: 159.48
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off 61.8% Fibonacci support?CAD/JPY is falling towards the pivot which is a pullback support and could bounce to the 1st resistance which acts as a pullback resistance.
Pivot: 106.34
1st Support: 105.40
1st Resistance: 107.26
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?AUD/JPY is falling towards the pivot and could bounce to the 1st resistance.
Pivot: 96.59
1st Support: 94.69
1st Resistance: 96.84
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.