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Usdjpyanalysis

USDJPY - no sign of turning around at the moment💵USDJPY ANALYSIS 💸 - The Yen is still recovering very strongly since the USD/JPY pair fell to its lowest level in nearly 40 years at 141.95. - The recovery is mainly supported by many interventions of the Japanese Government. Especially the support from the narrowing of the interest rate gap between Japan and the United States. - The market is expecting the Fed to cut interest rates on Wednesday, while the BOJ will likely keep the current interest rate unchanged. 📌 TECHNICAL - On the daily candlestick chart of USDJPY (D1), the downtrend from the price channel (a) continues and the pressure from Ema21 acts as the main resistance. - USD/JPY has shown little reaction to the 0.382% Fibonacci extension level for now, which could be considered as the nearest technical support. - Once USD/JPY is sold below 139.420, it will have a more bearish outlook towards 137.046 in the short term, which is the price point of the 0.50% Fibonacci extension level. - As long as USD/JPY remains within the price channel (a) and below the 21-day EMA, the bearish bias will remain dominant, and the notable technical points for the bearish trend are listed below. ✔️ Support: 139.420 – 137.046 ✔️ Resistance: 141.531 – 142.380
Short
by TheLeader_WOLF
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Long
by Thief_Trader
USDJPY - BREAKING STRAIGHT CHANNEL - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS overall , under downward pressure , until trading below straight channel Currently, prices are trading below the straight trend channel, indicating downward pressure. As long as prices remain below this channel, a decline is expected, potentially reaching 138.810. If prices fall further, they may approach 137.306. Conversely, if prices break above the 142.232 level, it could signal a reversal in trend, leading to a rise. In this scenario, prices might reach 144.401 and, if the upward momentum continues, could potentially rise to 147.179. UPWARD TARGET : 144.401 , 147.179. DOWNWARD TARGET : 138.810 , 137.306.
Short
by ArinaKarayi
USDJPY / BREAKING THE CHANNEL - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS After breaking the channel, prices are attempting to reach the support level at 138.810. As long as they stabilize below 142.231, a decline is expected to reach 138.810, and further below that, 137.306. This downward momentum is contingent on maintaining resistance below 142.231. However, if 142.231 is breached, it could signal a potential rise toward the next resistance level at 144.401. Breaking this level would suggest bullish momentum, and for a stronger confirmation of an upward trend, prices need to sustain themselves above 144.401, eventually targeting the 147.401 level. TURNING LEVEL : 142.231
Short
by ArinaKarayi
USDJPY swing trade idea(1100 pips).After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week. As always, trade safely and expect the unexpected. Fractals Trading Community, Mei
Long
by martinmei
USDJPY / TRADING BELOW RESISTANCE TRENDLINE - 4HUSDJPY / 4H TIME FRAME HELLO TRADERS USDJPY , is currently trading below the turning level of 145.446 and remains below the resistance trendline, indicating downward momentum. There are two potential scenarios: The first scenario, Current price is trading below the resistance trend line at 145.446, If the price remains below this level, it is expected to decline , Target levels for this decline are 142.226 and, potentially, 140.745. The second scenario , If the price breaks above the resistance trend line at 145.446 and stabilizes above it , It suggests a potential increase , Target levels for the increase are 147.516 and, potentially, 149.310. UPWARD LEVEL : 147.516 , 149.310. DOWNWARD LEVEL : 142.226 , 140 .745.
Short
by ArinaKarayi
09/10/24 (+92 PIP) NO DRAWDOWN - MAJOR USDJPY WIN BREAKDOWNWas not expecting to make a second post so fast but basically this move came from my post earlier today. And the move itself came out of nowhere but as you can see the market broke said bearish area I was waiting for for a few days now and the result of my patience was exactly 2 pips in drawdown only and a +92 pip win, good enough to be called a sniper entry if you ask me. Once i saw volatility picking up i did the same breakdown 1H chart to 15M chart breakdown of 1H chart And since in this instance i am trading outside of my normal timeframe, i broke it down one step further on the 5m for my super crisp entry. (This is the best way to ensure i am not just being delusional or having FOMO.. i break it down more.) *Tradingview does not allow me to show any timeframe than 15m, so refer to the 15m breakdown to see entry its still pretty much clear there.* Thanks for the support everybody!! J out!
Short
by PipSniperJ
USDJPY: 1-Hour Strategy SetupBuy Setup: Look for a bullish divergence on the RSI or MACD around the 142 support on the 1-hour chart. Confirm if the price forms a reversal pattern, like a double bottom. If the price moves above the 20 or 50 EMA on the 1-hour, this could be a confirmation to go long for a short-term move. Sell Setup: If the price shows a bearish rejection at the 20 or 50 EMA or forms a weak bounce. Look for price breaking below key support (e.g., 142 on the 1-hour chart). A bearish crossover of the MACD or an RSI approaching overbought near resistance could signal a good short opportunity.
by thepoorextrader
USDJPY Analysis (D1/4H)Moving Averages (MA): Currently, the price is trading below all three EMAs, indicating a bearish trend as it suggests selling pressure. The death cross (where a short-term MA crosses below a long-term MA) may have occurred between the 20 EMA and 50 EMA, reinforcing the bearish sentiment. Support Zone: There's a clear support zone at around 142. The price is currently hovering near this level, which has been tested multiple times. If the support holds, it may present a buying opportunity; however, a break below this could signal a further bearish continuation. RSI (Relative Strength Index): The RSI is currently around 33.76, which is close to the oversold region (below 30). This indicates that the pair might be slightly oversold, potentially signaling a buying opportunity if the price holds at the support level. MACD (Moving Average Convergence Divergence): The MACD line (0.042) is below the signal line (-1.938), with negative histogram bars, suggesting bearish momentum. The MACD is in negative territory, confirming the downtrend. Potential Opportunities: Buying Opportunity: Scenario 1: If the price respects the support level near 142 and the RSI begins to reverse upward from oversold territory, this could signal a short-term bounce or reversal, presenting a buying opportunity. You might wait for confirmation from price action, such as bullish candlestick patterns (e.g., a bullish engulfing pattern). Scenario 2: Look for a potential MACD crossover or a bullish divergence in the RSI for additional confirmation of a reversal. Selling Opportunity: Scenario 1: If the price breaks below the 142 support level, this would signal further downside potential, possibly towards the 140.00 psychological level or lower. A breakdown here, accompanied by increasing bearish momentum in the MACD, could be a strong sell signal. Scenario 2: The price is below the 20, 50, and 200 EMAs, indicating overall bearish sentiment. If there’s a weak bounce to the EMAs (especially the 20 EMA), it could offer a good chance to short the pair. Buy Strategy: Watch for a reversal near the 142 support area with RSI indicating oversold conditions. Wait for bullish price action or a MACD crossover. Sell Strategy: A break below 142 could trigger a bearish move, and you can consider selling. Alternatively, shorting the pair on a weak bounce to any of the EMAs could also be a strategy.
by thepoorextrader
DeGRAM | USDJPY an attempted channel breakoutUSDJPY is moving in a descending channel between the trend lines. The chart formed a pattern AB=CD, touching the dynamic support again. The price has already reached the support level, which acted as a strong rebound point. The dynamic support also acted as a rebound point twice. We expect the rebound to continue after breaking the resistance. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Long
by DeGRAM
1
USDJPY / BREAKOUT THE CHANNEL - 1DUSDJPY / 1D TIME FRAME HELLO TRADERS Currently, prices are experiencing downward pressure and are trading below the turning level of 146.893. This suggests a bearish trend, especially after a breakout from the ascending channel. As long as prices remain below 146.893, the expectation is for them to move towards the next support level at 140.991. Should prices stabilize below this support level, the bearish trend may continue, targeting a further decline to 139.341. On the other hand, if prices break above 146.893 and stabilize above this level, particularly above the Fair Value Gap (FVG), we could see a reversal in the trend. This bullish shift would suggest a potential rise in prices, with initial targets set at 152.034. If the upward momentum continues, prices could further increase to reach the target of 154.890. KEY LEVELS : Turning Level : 146.893 . Resistance Levels : 152.034 , 154.890. Support Levels : 140.991 , 139.341 .
Short
by ArinaKarayi
Weekly Trade Planning SessionIn today's session, I will be analyzing the USD/JPY, GBP/USD, CAD/JPY, and EUR/USD pairs. The framework I follow includes: Portfolio selection Currency ranking Multi-timeframe analysis. Below is the portfolio selection for this week: AUD/CAD: Bearish (-5%) AUD/JPY: Bearish (-59%) AUD/USD: Bullish (17%) CAD/JPY: Bearish (-54%) EUR/CAD: Bullish (16%) EUR/JPY: Bearish (-38%) EUR/USD: Bullish (38%) GBP/JPY: Bearish (-17%) GBP/USD: Bullish (59%) USD/CAD: Bearish (-22%) USD/CHF: Bearish (-63%) USD/JPY: Bearish (-76%) Happy Trading!
by Charts247TradingAcademy
USDJPY I ADP Non-Farm Report Trading Plan Welcome back! Let me know your thoughts in the comments! ** USDJPY Analysis - Listen to video! We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met. Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future. Thanks for your continued support!Welcome back! Let me know your thoughts in the comments!
Long
by BKTradingAcademy
4