Falling towards overlap support?USD/JPY is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension and could bounce from this level to our take profit.
Entry: 149.59
Why we like it:
There is an overlap support level that aligns with the 61.8% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss: 149.21
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
Take profit: 150.11
Why we like it:
There is a pullback resistance level.
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USDJPY
USDJPY - Critical area for the pair!The USD/JPY pair currently sits at a critical technical juncture, trading around the 149.84 level, where market participants are closely watching for directional cues. The price action has been respecting an ascending trendline since early March, suggesting underlying bullish momentum, while simultaneously testing the lower boundary of a significant resistance zone highlighted in blue on the chart. This confluence creates a decisive moment for traders – a break below the trendline could trigger another downward leg toward support near 149.00, while sustained strength above the current level might signal continuation of the uptrend toward the upper resistance band at 151.00. The chart's annotated projection suggests the possibility of one more pullback before resuming higher, making this a pivotal area for determining whether bears will gain temporary control or if bulls will maintain dominance without further consolidation.
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USDJPY - Key Levels to WatchThe USD/JPY pair is showing an interesting setup on the 4-hour chart—here's what to watch:
🔹 1️⃣ Ascending Channel in Play: The pair is trending within a bullish channel, signaling an overall upward momentum. Traders should keep an eye on this structure for potential opportunities.
🔹 2️⃣ Support Zone Under Test: Price action is near the critical blue-shaded support area at 149.815. This level has historically held as a strong rebound zone. Buyer activity here could determine the next move!
🔹 3️⃣ Potential Scenarios:
Bullish Case: A strong bounce from the support zone could propel the price higher, maintaining the channel's bullish trend.
Bearish Case: A failure to hold the support level may lead to further declines, possibly testing the lower boundary of the channel.
Insights for Traders: Patience is key—monitor the 149.815 zone for signals before committing to a trade. The combination of price patterns and volume data will provide clarity.
USD/JPY BULLS ARE GAINING STRENGTH|LONG
Hello, Friends!
Previous week’s red candle means that for us the USD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 150.465.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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ShortYesterday, I opened a short position during the Asian session and published my trade set up , but I ended up manually closing the position before the US open becauseI was a bit anxious about US GDP data.
But the main concern was the price was hovering around the major support and resistance area and I could see valid reasons to go long as well.
The obvious reason for the long position was the price was forming big inverted head and shoulder patterns. So, if the price broke above the resistance area, there would have been a great upside potential.
However, after the US session opened, I ended up opening a short position. The reasons are written in the article I published yesterday. Please read that article that is linked below.
But another argument I would like to add for the bear scenario is this.
In Nov-Dec 2024, we had a very similar set up ( dark blue rectangular box in the chart.) At the time, the price was also forming the inverted head and shoulder at the same support/resistance zone. Once it broke the resistance line, it took off to the upside. And that same scenario can unfold this time as well.
However, what is different between Dec 2024 period and the current period are:
1) VWAP (volume weighted average price) drawn from the major low in 24th Sept was working as support but this time the same VWAP is working as resistance.
2) MACD and RSI were moving from bear zone to the bull zone, but this time they are moving to the downside from the bull zone.
Therefore, I think the momentum is to the downside this time. The only time will tell.
My current short position is quite small. However, once the direction becomes more clear I plan to add more position because the move to the downside from here can be quite significant.
USDJPY analysis week 14🌐Fundamental Analysis
The Federal Reserve (Fed) kept interest rates unchanged in the 4.25% - 4.50% range and forecast core PCE inflation to average 2.8% by year-end. The higher-than-expected inflation data reinforced expectations that the Fed will maintain current interest rates for an extended period. Investors are concerned that these tariffs could add to global inflationary pressures and trigger a recession.
In Japan, the Tokyo CPI rose sharply in March, boosting expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year. The hot inflation data also supported the Yen's appreciation against other currencies.
🕯Technical Analysis
USDJPY is still in a bullish recovery. The pair is facing support at 149.200, preventing further declines. The weekly high around 151.100 is still acting as key resistance before the pair breaks out to 152.000. Conversely, if the trend breaks at 149.200, weekly support is seen at 148.300.
📈📉Trading Signals
SELL USDJPY 151.300-151.100 SL 150.500
SELL USDJPY 152.000-152.200 SL 152.400
BUY USDJPY 149.300-149.100 SL 148.900
My USDJPY Short Idea 28/03/2025Tokyo CPI came in hot today we have inflation in progress signaling mild-hawkish tone for BOJ. BOJ is known for taking decisions slowly so I do not expect a rate hike to happen soon but we may see it in the very near future. Afterall BOJ Interest rate 0.5 is considered high for its historical data. Aiming for 1.00 interest rate is something huge that few people understands its magnitude.
Taking this short attempt.
ShortI had a few failed short trades in the last few weeks for this pair.
My overall bias is bearish and I must admit having a strong bias cost me. I was too eager to execute a trade and I ended up front running and instead of reacting to the price action.
This morning, I opened two short positions (1 position size divided into two) for USDJPY .
Trade set up:
Entry: 150.945Stop Loss: 151.458
Target 1: 149.680 (blue horizontal line - previous week open price, Fair value gap and order block in 4H) Target 2: 148.306 (Previous week low, fair value gap )
Reasons for short entry:
Weekly:
The price had broken and closed below the previous low at 148.65. It went up again but it is respecting FVG at 150.50 zone.
RSI is starting to enter the bear territory.
Daily:
The price is still below EMA 200 and is respecting FVG at 150.50 zone.
RSI line is still in the bear zone.
4H:
The price dropped and closed below the ascending trendline.
I like the candlestick formations at the FVG - very small candles with upper wicks followed by a large engulfing candle. (1H is better to see the price movement). Sorry, I forgot the name of this formation! RSI is presenting negative divergence.
Ideally, it is better to wait for the price to drop, retest and close below 200EMA in 4H and 4H RSI to dive into bear territory. However, I felt there are enough confluences to support my bias and I like the risk:reward for this set up. Therefore, I decided to open a short position, but my position size is small.
Please let me know what you think.
USD/JPY(20250328)Today's AnalysisToday's buying and selling boundaries:
150.74
Support and resistance levels
151.83
151.42
151.16
150.32
150.06
149.66
Trading strategy:
If the price breaks through 151.16, consider buying, the first target price is 151.42
If the price breaks through 150.74, consider selling, the first target price is 150.32
USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 150.395.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 149.580 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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Fundamental Market Analysis for March 28, 2025 USDJPYEvent to pay attention to today:
14:30 EET. USD - Core PCE Price Index
USDJPY:
On Friday, during the Asian session, the Japanese yen (JPY) fell to a near four-week low against its US counterpart. This was due to concerns that US President Donald Trump's trade tariffs could affect key domestic exports. However, the release of robust consumer inflation data from Tokyo provided a welcome respite for those anticipating a more hawkish stance from the Bank of Japan (BoJ), potentially paving the way for further interest rate hikes. The BoJ's opinion summary also indicates that a rate hike remains a possibility should the economy and prices align with forecasts.
Additionally, the prevailing risk-off environment, triggered by Trump's imposition of auto tariffs late Wednesday, has served to support the safe-haven yen, leading to a fall in the USD/JPY pair below 151.00 in the last hour. However, the emergence of some US Dollar (USD) dip buying could support the currency pair and help limit further losses. Additionally, traders may adopt a wait-and-see approach, preferring to observe the US Personal Consumption Expenditure (PCE) price index to ascertain the Federal Reserve's (Fed) rate-cutting intentions.
Trade recommendation: BUY 151.000, SL 150.400, TP 151.750
Bearish drop off overlap resistance?USD/JPY is reacting off the pivot and could drop to the 1st support which has been identified as an overlap support.
Pivot: 151.23
1st Support: 149.91
1st Resistance: 152.23
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USD/JPY H4 | Falling to Fibonacci confluence supportUSD/JPY is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 150.11 which is a multi-swing-low support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 38.2% retracements.
Stop loss is at 149.30 which is a level that lies underneath a multi-swing-low support and the 38.2% Fibonacci retracement level.
Take profit is at 151.17 which is an overlap resistance.
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USD/JPY Nears 200-dma Re-Test After 150 DefenseUSD/JPY has continued to snag bears with several bear traps so far this year. While there was a series of lower-lows in the first part of March, as the USD was plummeting against most major currencies, USD/JPY has turned around over the past three weeks, and is now nearing a re-test of the 200-day moving average.
The 150.77 Fibonacci level held the highs on Monday, Tuesday and Wednesday of this week, and that now becomes a spot of higher-low support potential for pullback scenarios. For next resistance, the 151.51 Fibonacci level is nearing confluence with the 200-day moving average, and the 151.95 level remains important. If bulls can stretch the move, that seems a logical area to look for a pause in the trend. - js
USD-JPY Resistance Ahead! Sell!
Hello,Traders!
USD-JPY keeps growing
But will soon hit a horizontal
Resistance of 151.466
So after the retest we will
Be expecting a local
Bearish correction
Sell!
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USDJPY LongAussie Inflation and BOJ Decision in focuse
Dollar getting strong because of FED Decision:,,No-rates cuts!,,
2 ways to trade this:
aggressive entry
and conservative entry:Risk to enter the 2nd approach(That price comes back to the 2nd entry is 37,25% but higher reward-risk ratio
Risk management based on your risk appetite
USDJPY - 4H more fall expectedFX:USDJPY - 4H Update 🔻
If you've traded USDJPY in recent years, you're no stranger to the significance of the 150.00 zone. This level has historically acted as a critical resistance and psychological barrier.
Now, the pair is trading below this key level and has also broken the ascending channel support on the daily timeframe, signaling that bulls are likely out of the game. The recent drop to 147.00 and bounce toward 151.00 could be setting up the next short opportunity.
📌 What to watch for:
A liquidity grab above the 151.50–152.00 zone could occur before the next fall.
This aligns with institutional behavior, hunting stops before continuing the trend.
We're now in a sell-the-rally phase, watching for confirmations around the red zone.
Remember, I previously signaled a short from the 157 zone, which played out beautifully. We’re now gearing up for the next big short, and this setup might just be it.
📉 Stay cautious, wait for price action signals, and trust the structure.
💸 If you’ve missed previous entries, don’t miss what’s coming next!
🔔 Follow for real-time updates and live trade ideas!
USDJPY: Short Trading Opportunity
USDJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USDJPY
Entry - 150.88
Stop - 151.54
Take - 149.68
Our Risk - 1%
Start protection of your profits from lower levels
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USDJPY is Testing 150 AgainLast week, USDJPY got rejected from the cup&handle's 150 resistance, then break the 149 support, fell sharply. The recovery is in process but the broken trendline is a major hinderance in front of USDJPY bulls. Now the trendline and 150 resistance converged and USDJPY is trying another attempt towards this key resistance. As long as it holds, there is a good chance another downward reaction to begin.
Hovewer, after testing it 5 times, if USDJPY regain control of 150, the short term outlook might turn bullish.
151.00 Cracks: Is USD/JPY’s Rally Over? Key Levels AheadFrom a fundamental perspective, the USD/JPY exchange rate retreated from around the 151.00 level. Despite the poor Japanese PMI data on Monday, investors bought the Japanese yen influenced by the hawkish outlook of the Bank of Japan (BoJ). The minutes of the January meeting showed that policymakers tend to tighten policies when appropriate. The BoJ governor also stated that the degree of monetary easing will be adjusted once the 2% inflation target is achieved.
Technically, the overnight breakout above the 150.00 psychological mark and the 200 - period Simple Moving Average (SMA) on the 4 - hour chart is a bullish signal. Indicators on the daily chart also support appreciation, and pullbacks may present buying opportunities. If the rate breaks below 150.00, it may accelerate its decline to support levels such as 149.30 - 149.25. Failure to hold these levels indicates that the rebound momentum has been exhausted and the trend may turn bearish. Conversely, if it stabilizes above 151.00, the upward resistance levels are successively 151.30, 151.75 (the 200 - day SMA), and it may even rise to 153.00.
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Mid-Week Analysis March 27-28: USD FX Majors Stock Indices, ...In this video, we look back on the forecasts from this past weekend, and check how they are playing out to this point in the week.
USD Index, S&P500, Nasdaq ,Dow Jones, Gold, Silver, Platinum, Copper, EUR, GBP, AUD, NZD, CAD, CHF, JPY.
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