CHFJPY - Bearish Again!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈CHFJPY has been overall bearish trading within the falling wedge marked in red and it is currently in a correction phase approaching the upper bound.
Moreover, the green zone is a strong structure.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the structure and upper red trendline acting as a non-horizontal resistance.
📚 As per my trading style:
As #CHFJPY approaches the red circle, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Rich
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Jpy
USD/JPY Bearish Reversal Key Resistance & Fibonacci Target ZonesOverview:
This USD/JPY daily chart shows a potential bearish reversal setup after a break below key support and trendline structure. The pair has recently dropped below a critical demand zone (highlighted in green), which has now turned into resistance. The price is currently attempting a pullback, and a potential rejection from the resistance zone aligns with Fibonacci retracement levels, indicating a continuation of the downtrend.
Key Levels & Technical Analysis:
Previous Support Turned Resistance: The green zone represents a significant past support area that has now become resistance after a breakdown.
Trendline Break: The upward trendline that supported price action for several months has been broken, confirming bearish momentum.
Fibonacci Retracement Levels:
0.382 (151.265): A minor resistance level for a possible short-term rejection.
0.5 (148.979): A stronger resistance, aligning with structure.
0.618 - 0.786 (145.053 - 143.582): The ultimate bearish targets, coinciding with Fibonacci retracement extensions.
Bearish Projection:
The expected scenario suggests a short-term retracement towards the 151.265-148.979 resistance zone.
If the price faces rejection, a strong bearish continuation could target 145.053 and ultimately 143.582.
Trade Plan:
📌 Short Entry: Around 151.265 - 148.979 if price rejects resistance.
🎯 Target 1: 145.053 (0.70 Fibonacci)
🎯 Target 2: 143.582 (0.786 Fibonacci)
🛑 Stop Loss: Above 152.000 to invalidate the bearish setup.
Conclusion:
The overall sentiment for USD/JPY is bearish after breaking a key trendline and support level. Traders should watch for a pullback into the resistance zone, followed by a bearish rejection for a potential short trade. However, a break above 152.000 could invalidate this setup, shifting momentum back to the bulls.
📉 Bearish Bias Until Key Resistance Holds! 📉
GBP/JPY - Triangle Breakout (Weekly Forecast Feb 24-28)The GBP/JPY Pair on the H4 timeframe presents a Potential Selling Opportunity due to a recent Formation of a Triangle 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 – 185.04
2nd Support – 182.94
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AUDJPY bearish below 95.45The AUDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 95.45, which is the current swing high, previous support now newly formed resistance. An oversold rally from the current levels and a bearish rejection from the 95.45 level could target the downside support at 94.00 followed by 93.60 and 93.27 levels over the longer timeframe.
Alternatively, a confirmed breakout above 95.45 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 92.26 resistance followed by 96.76 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
US PCE could be the catalyst for USDJPY to make a stronger moveMARKETSCOM:USDJPY is currently flirting with the area around the 149.00 hurdle. In order to shift our attention to some lower areas, a drop below the lowest point of December 2024 is needed. But what about the US PCEs? Let's dig in...
FX_IDC:USDJPY
What are your thoughts on this?
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Gold Reversal Confirmed: Bearish Targeting 2,878 SupportThis chart shows a clear double-top pattern at the resistance zone around 2,960, indicating potential bearish momentum. The price has broken below a trendline, confirming weakness. A retest around 2,934 has occurred, and the price is now declining. The next key support level is around 2,878, which could act as a potential target for sellers. If bearish momentum continues, a deeper drop may follow.
- First target: 2,900 (psychological level and minor support)
- Second target: 2,878 (major support zone)
If bearish momentum continues and 2,878 breaks, the next possible target could be around 2,860 for an extended move.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.800 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.800 support and resistance area.
Trade safe, Joe.
USDJPY - JPY strength continues below 152.20 The Japanese Yen (JPY) continues to appreciate against the US Dollar (USD) as market expectations for additional Bank of Japan (BoJ) rate hikes gain momentum. This has reinforced a bearish sentiment in the USDJPY currency pair, which remains aligned with the prevailing longer-term downtrend.
From a technical perspective, 152.50 serves as a key resistance level, marking the recent swing high. A potential oversold rally towards this level, followed by a rejection, could reinforce the bearish outlook, with downside targets at 149.30, followed by 147.80 and 147.20 over a longer timeframe.
Conversely, a confirmed breakout above 152.50, coupled with a sustained daily close above this level, would invalidate the bearish bias. This could shift momentum toward the upside, opening the possibility for further rallies, with resistance levels at 154.30 and 155.70 acting as potential upside targets. The price action around the 152.50 level remains pivotal in determining the next directional move.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURJPY Strong oversold buy opportunity.The EURJPY pair broke again below the 0.786 Fibonacci retracement level of its Rectangle pattern and is consolidating. Every time this break-out occurred, the price was a buy opportunity.
This time, the 1D RSI is on Higher Lows, i.e. a Bullish Divergence, which makes the opportunity even stronger. We are expecting a 1D MA200 (orange trend-line) test below the Lower Highs trend-line at 162.250.
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Dollar weakens amid growing economic uncertainty
Persistent tariff threats from the Trump administration and rising concerns over the U.S. economy are weighing on the dollar. Trump reaffirmed his commitment to implementing tariffs on Mexico and Canada according to schedule and reiterated the need for reciprocal tariffs. Meanwhile, weak consumer confidence data further rattled investor sentiment, as the February CB Consumer Confidence Index plunged to 98.3 from 105.3, marking its lowest level since June last year.
In Japan, accelerating inflation increases the likelihood of a BoJ rate hike. According to the Ministry of Internal Affairs, Japan’s January CPI rose 3.2%, the largest increase since June 2023. Bloomberg noted that with Japan's inflation among the highest in the G7, the BoJ may continue scaling back stimulus and shifting toward a more restrictive policy stance.
After breaking below the ascending trendline, USDJPY shows a persistent downtrend. After EMA21 death-crossed EMA78, it widens the gap and reinforces the bearish momentum. If USDJPY breaks below the support at 148.20, the price could extend its decline toward 145.00. Conversely, if USDJPY tests the resistance at 150.80, it may gain upward momentum toward 153.40.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.600 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.600 support and resistance area.
Trade safe, Joe.
Buy the Yen!If you've been following my content, you'll know I've been long the yen since the start of 2025. My short AUDJPY, CADJPY, EURJPY, NOKJPY, and NZDJPY positions are starting to pay off!
The yen index ( TVC:JXY ) recently closed above a key horizontal resistance at 66.00. This may signal the JPY may continue to strengthen and test the weekly range resistance at 71.00.
OANDA:AUDJPY
OANDA:CADJPY
OANDA:EURJPY
OANDA:GBPJPY
OANDA:NZDJPY
OANDA:USDJPY
Bitcoin Rejection at Resistance: Potential Drop to 94,825This BTC/USD 1-hour chart highlights a key resistance zone around 96,400, where price has tested and failed to break through. A rejection from this level suggests potential downside movement. If the price confirms rejection at resistance, a bearish move toward the target zone near 94,825 is likely. The overall setup indicates a possible short opportunity if resistance holds.
Resistance : Around 96,400 – 96,600
Target: 94,825
Bearish reversal off 50% Fibonacci resistance?GBP/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support.
Pivot: 190.68
1st Support: 187.74
1st Resistance: 193.06
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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.
Potential bullish rebound?EUR/JPY is reacting off the pivot and could rise to the 1st resistance which lines up with the 50% Fibonacci retracement.
Pivot: `155.94
1st Support: 153.99
1st Resistance: 158.57
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.
USDJPY Downtrend USD/JPY is currently in a strong downtrend, indicating a bearish market sentiment. The pair continues to follow the descending trendline, respecting lower highs and lower lows, which confirms the ongoing downward momentum.
Bearish Scenario: Trend Continuation
First Key Support – 148.100
This level serves as a major support zone where price could find temporary consolidation or a minor pullback.
If price breaks below 148.100 with strong bearish pressure, further downside is expected.
Next Major Support – 142.000
A clean break and close below 148.100 could accelerate selling pressure.
The next critical level to watch is 142.000, a strong historical support zone and a psychological level.
If this level is reached, the bearish trend will likely extend further.
Bullish Scenario: Trendline Breakout
If USD/JPY breaks above the descending trendline, it may signal a potential trend reversal or retracement.
The key resistance to watch for a breakout is 151.300, which acts as a strong support-turned-resistance level.
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
GBPJPY: Channel Down on its new bullish wave.GBPJPY is bearish on its 1D technical outlook (RSI = 41.292, MACD = -0.960, ADX = 36.514) as since the February 13th LH and rejection near the 1D MA50, it was been on its new bearish wave. The 1D RSI doesn't give a buy signal until it hits its S1 Zone, so we remain bearish on this pair with a typical TP = 185.500, unless the RSI hits S1 first, in which case you'll be encouraged to take profit earlier.
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Bullish rise?AUD/JPY is falling towards the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and could bounce from this level to our take profit.
Entry: 94.65
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci projection.
Stop loss: 93.88
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci projection.
Take profit: 96.15
Why we like it:
There is an overlap resistance level that is slightly below the 61.8% Fibonacci retracement.
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AUDJPY INTRADAY Downtrend capped by 96.30The AUDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The recent oversold bounceback is retesting major resistance at 95.47 (intraday swing low).
The key trading level is at 96.30, which is the current swing high and falling resistance trendline level. An oversold rally from the current levels and a bearish rejection from the 96.30 level could target the downside support at 94.43 followed by 94.10 and 93.55 levels over the longer timeframe.
Alternatively, a confirmed breakout above 96.30 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 96.90 resistance followed by 97.70 levels.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
EURJPY forming a bottom?EURJPY - 24h expiry
Posted a Bullish Hammer Bottom on the 4 hour chart.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
This is positive for short term sentiment and we look to set longs at good risk/reward levels for a further correction higher.
Further upside is expected although we prefer to buy into dips close to the 156.97 level.
Although the anticipated move higher is corrective, it does offer ample risk/reward today.
We look to Buy at 156.75 (stop at 155.72)
Our profit targets will be 159.47 and 160.55
Resistance: 159.10 / 160.55 / 162.00
Support: 154.40 / 151.10 / 149.30
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USDJPY - 4H Short Opportunities Amid DowntrendFollowing the sharp fall in FX:USDJPY after PPI and CPI news, we expect further downside, potentially reaching the middle or bottom of the channel. 📉
Each push-up could be a short entry opportunity. Even a strong rise below 158 might be a dead cat bounce and a better short entry point. Stay cautious and strategic! 🔻