USD/JPY breaking down from channel support line..!The Japaneese yen is getting stronger after the japaneese stock market is crashing. People panic selling stocks to buy Yen.. The 12.4% loss on the Nikkei stock was the worst day for the index since the “Black Monday” of 1987.
Looking at FX:USDJPY we have broken down from the trading range we have been in since DEC 2022. We could now go up for a re-test of the channel resistance line before further downside could be the next moove.
Next demand zones should be at about 137 and 131 and i look for a short opportunity at the re-test of channel resistance line.
Make sure to follow me on X for weekly trade analysis: @PuppyNakamoto
USDJPY
GOLD BULLISH TO $2,604 - $2,630 (1H UPDATE)Gold is still creating a very overextended & complex Wave III. Market structure is still valid. All this means is Wave 5 will end higher than we originally expected.
Still waiting for some form of Wave 4 (3 Sub Wave) correction to the downside. This'll give a better indication on where Gold will find its top with Wave 5.
USDJPY Excellent multi-month buy opportunity here.The USDJPY pair has formed the bottom we expected on our last idea (August 22, see chart below) and seems to be finally giving us the long-term buy opportunity we wanted:
The RSI has already formed a reversal pattern similar to the January 16 2023 bottom and the confirmation will come when the 1W MACD forms a Bullish Cross, a formation we only got twice in the past year and was a confirmed buy signal.
Our Target remains 161.800, the symmetrical Resistance 1 level, similar to where the November 13 2023 High was priced.
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Levels discussed on livestream 25th September25th September
DXY: Retracing from 100.20, could retest 100.60, look for rejection to continue lower to 100 and 99.70 major support level.
NZDUSD: Buy 0.6310 SL 20 TP 50
AUDUSD: Sell 0.6880 SL 20 TP 40
GBPUSD: Buy 1.3345 SL 40 TP 80
EURUSD: Buy 1.1205 SL 15 TP 45
USDJPY: Could range between 145 and 143, look for breakout potential
USDCHF: Buy 0.8470 SL 20 TP 80
USDCAD: Sell 1.3420 SL 25 TP 55
Gold: Bounce off 2652 could trade to 2670 with major level at 2700
Bearish drop?USD/JPY is rising towards the pivot which has been identified as an overlap resistance and could reverse to the 1st support which acts as an overlap support.
Pivot: 143.51
1st Support: 141.69
1st Resistance: 145.08
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Usdjpy trade idea #usdjpy #xauusd #btcusd #eurusdusdjpy is under resistance level in 4H timeframe and currently break the 1H trendline
and taking pullback we need a red candle in my enter point to execute trade
I DON'T RECOMMAND YOU TO TAKE TRADE AFTER SEEING MY TRADE IDEA
IF YOU TRADE THEN TRADE WITH YOUR OWN STRATEGY AND TAKE RISK AT YOUR OWN RIISK
USDJPY Massive Short! SELL!
My dear subscribers,
This is my opinion on the USDJPY next move:
The instrument tests an important psychological level 143.56
Bias - Bearish
Technical Indicators: Supper Trend gives a precise Bearish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 141.86
My Stop Loss - 144.52
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
AUDJPY - Top In Place! 1500pips Done, 5000pips To Go!In our last analysis we identified that we were looking toppish and gave several ways to confirm the reversal and get in.
We reversed perfectly and dropped 1500pips! We are now seeing a lower timeframe correction but we are still primed to drop another 5000pips.
On lower timeframe, watch for the completion of this correction. Again, we can use several ways to identify when the next big swing is confirmed:
1. Trendline Break
Watch for price to break a trendline that price has been respecting
2. BOS
Watch for price to break a significant swing point
3. Moving Average break
Watch for price to break a moving average that has been respected well
We'll post lower timeframe chart if there's enough engagement with this trade idea!
Goodluck and as always, trade safe!
You can find our previous analysis below:
Levels discussed during livestream24th September
DXY: Currently just below 101, needs to break 100.85 for more downside to 100.60 support level.
NZDUSD: Look for reaction at round number resistance 0.63
AUDUSD: Sell 0.6810 SL 20 TP 60
GBPUSD: Buy 1.3380 SL 30 TP 60
EURUSD: Buy 1.1150 SL 15 TP 50
USDJPY: Sell 143.70 SL 50 TP 155
USDCHF: Sell 0.8460 SL 25 TP 50
USDCAD: Do Nothing, in the middle of support / resistance level
Gold: Upside to continue, looking to buy dips, up to 2650
USD/JPY BEARISH BIAS RIGHT NOW| SHORT
Hello, Friends!
We are going short on the USD/JPY with the target of 141.931 level, because the pair is overbought and will soon hit the resistance line above. We deduced the overbought condition from the price being near to the upper BB band. However, we should use low risk here because the 1W TF is green and gives us a counter-signal.
✅LIKE AND COMMENT MY IDEAS✅
Reading The Tape on USDJPY (ICT) - 24th Sept 2024 In this video I practice reading the tape using ICT Concepts, as well as offering general advice to those using his concepts or otherwise.
I hope that you find this video insightful. If you have any questions, leave a comment and I will be glad to answer.
- R2F
UsdJpy moving down on retracement.Looking for Impulse Down.
UsdJpy break out TL and will start to move down soon on retracement. Make sure you have your own rules on RR and follow them. This is just a trading idea to help you gain better knowledge. If you have any question ask me in comments.
Learn & Earn!
Wave Trader Pro
Buy USDJPY Bullish ChannelThe USD/JPY pair on the M30 timeframe presents a potential Buying opportunity due to a recent downward breakout from a well-defined Descending Triangle pattern. This suggests a shift in momentum towards the Upside in the coming Hours.
Key Points:
Buy Entry: Consider entering a Long position around the current price of 143.77, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.
Target Levels:
1st Support – 145.38
2nd Support – 146.08
Stop-Loss: To manage risk, place a stop-loss order below 143.00. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards.
Your likes and comments are incredibly motivating and will encourage me to share more analysis with you.
Best Regards, KABHI FOREX TRADING
Thank you.
USDJPY H1 | Bearish Drop Based on the H1 chart analysis, we can see that the price has just reacted off our sell entry at 143.73, which is an overlap resistance.
Our take profit will be at 142.44, a pullback support level close to 50% Fibonacci retracement.
The stop loss will be placed at 144.75, which is a pullback resistance level.
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Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). 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 TFA Global Pte Ltd.
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USD/JPY Short Setup - 1:4.8 RRI have entered a short on USD/JPY after price broke below a key ascending trendline on the 1H chart. Entered at 143.658 with a Stop Loss set at 144.520 (-89 pips risk).
Target Levels:
TP1: 142.189 (+148 pips) - Moving SL to break even once this is hit.
TP2: 141.319 (+235 pips)
TP3: 139.579 (+407 pips)
This setup offers a solid risk-to-reward ratio, with multiple profit targets for a gradual exit.
Falling towards 38.2% Fibonacci support?USD/JPY is falling towards the support level which is an overlap support that aligns with the 38.2% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 142.40
Why we like it:
There is an overlap support level that aligns with the 38.2% Fibonacci retracement.
Stop loss: 141.04
Why we like it:
There is an overlap support level.
Take profit: 144.46
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 - Following The Bears!Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📈 USDJPY has been bearish trading within the flat falling channel in red.
Currently, USDJPY is undergoing a correction phase and approaching the upper bound of the channel.
Moreover, the zone marked in blue is a previous major low.
🏹 Thus, the highlighted red circle is a strong area to look for sell setups as it is the intersection of the major low and upper trendline acting as non-horizontal resistance.
📚 As per my trading style:
As #USDJPY 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
Levels discussed on Livestream 23rd September
DXY: Currently at 101, could retest bearish trendline and reject to trade down to 100.60. If trendline broken, needs to break above 101.40 for further upside to 101.80
NZDUSD: Sell 0.6195 SL 20 TP 40
AUDUSD: Sell 0.6775 SL 20 TP 65
GBPUSD: Sell 1.3245 SL 30 TP 70
EURUSD: Buy 1.1090 SL 25 TP 90
USDJPY: Sell 143 SL 35 TP 95
USDCHF: Sell 0.8540 SL 30 TP 105
USDCAD: Do Nothing
Gold: Currently retracing, look for possible reaction at 2600, esp for a rebound.