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#USDJPY: Possible 600 Pips Bullish Move Expected | It is on DXY|Happy weekends Everyone! FX:USDJPY it had created higher and then dropped to fill the order blocks, now price is at very critical area, if DXY remain bullish next week we can see a nice and clean 600 bullish move. For JPY, it is already bearish and will likely to remain bearish next week as the current economic conditions are not stable. Currently, what we expecting , watch for price to come down to our area then we advise you to take buy entry with 70-100 pips max and set tp at 147-149-151 as followed. Good luck and trade safe, remember to trade safe and use strict risk management.
Long
by Setupsfx_
29
USD/JPY H4 | Rising to 61.8% pullback supportUSD/JPY is rising towards a pullback support and could potentially bounce off this level to fall lower. Buy entry is at 149.180 which is a pullback support that aligns with the 61.8% Fibonacci retracement level. Stop loss is at 149.915 which is a level that aligns with the 78.6% Fibonacci retracement level. Take profit 1 is at 148.148 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.40 Take profit 2 is at 147.510 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.27 Total risk 1.28% High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Short
by Alvard
2
USDJPY → About to Breakout to New Highs? Let's Maximize Profits!USDJPY is on its third leg up in this bull channel that started at 141.000. We're near the top of Resistance Zone, is a long justified? How do we trade this? 🤔 We need confirmation of a breakout to justify a long. After the initial bull run to 152.000, USDJPY pulled back with three legs to 140.200 and followed with a run to our current position of just over 149.000. The price action is technically at a new high in this run which could be the top of the third and final leg up. Given the two strong bull bar closes on February 2nd and 8th and the lack of a sell signal, I do not believe this leg is over yet. What we need is a close above the Resistance Zone at 150.000 followed by a test of the top of Resistance as support. Once we see that support, it's reasonable to enter a long position with a 1:2 Risk/Reward Ratio. Take half profits at 1:1 Risk/Reward which is 151.200, move the stop loss up to the entry price to lock in profits, then swing the second half above the previous 152.000 high. 152.000 is a significant resistance area and I would be cautious to assume we'll make it to that price, however, the trend is our friend until the very end. Until we have a reason to change our bias, we must remain long. 💡 Trade Idea 💡 Long Entry: 150.385 🟥 Stop Loss: $149.250 ✅ Take Profit #1: $151.200 ✅ Take Profit #2: $152.650 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Two strong legs up in a micro bull channel. 2. Third leg in progress, strong bull bar closes on February 2nd and 8th, indicating more upward momentum. 3. Near the top of the Resistance Zone, wait for a close above and test of Resistance as Support. 4. Enter a 1:2 Risk/Reward trade taking half profits at 1:1 Risk/Reward. 5. RSI at 63.00 and above the moving average, supports long bias. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading Psychology
Long
by TraderEngineering
1
USDJPY I Technical and fundamental analysis & Trading PlanWelcome 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!
by BKTradingAcademy
1
USDJPY M15 / Potential Long Move, Waiting for Confirmation✅Hello Traders! This is my idea related to USDJPY M15. I want to see the BOSS from the price of 149.870 to be taken, after that, I will look for a long entry and the target will be above the higher boss. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Long
by GoodTradeST
USDJPY I Wait for pullback to key level and bullish continuationWelcome 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!
Long
by BKTradingAcademy
2
USD/JPY carving out an M-Top candle pattern - SHORT from 149.82USD/JPY has hit resistance at 150.38 and is retreating south. There's a clear M-Top candle pattern forming.This along with W-Bottom's are 2 of the most relaible candlestick patterns you should look for. If the price declines to 149.82 then this will be our entry SHORT. STOP is above the recent highs and take profit is the 200 EMA on H1 at 149.40 though as ever these STOPS and TP's are guidelines as all my trades are actively managed so these levels will frequently change. Note that we have potentially significant USD news at 13:30 GNP in less than an hour. US news this week has so far seen some large moves with many numbers missing by several percent. News at 13:00 is PPI which is usually a huge market mover but any large deviation from the expected 1% estimate will no doubt shift the USD. We also have Prelim UoM Consumer Sentiment which isn't usually a huge mover but we must also rmember its Friday and in 3 hours or so traders will be leaving their desks so volumes will shrink and this can either lead to wild swings or sideways movement of price.
Short
by forextraplaces
USDJPY H1 / Short Trade Entry Alert! ✅💲Hello Traders! This is my idea related to USDJPY H1. I see a double reaction from the FVG H1 and I expect a continuation of a bearish market until the price of 149.500 where we have the OB level. Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective. ____________________________________ Follow, like, and comment to see my content: www.tradingview.com
Short
by GoodTradeST
2
USDJPY: The USD is stable in the context of the Fed cutting specThe yen showed resilience, up 0.23% against the dollar at 150.26, although Japan's GDP figures showed a larger-than-expected recession and Germany overtook Japan as the world's leading economic power. third largest economy in the world. Commonwealth Bank of Australia currency strategist points out that the technical recession in Japan has minimal impact on the dollar/yen exchange rate, with upcoming spring wage negotiations seen as has more influence on the policy direction of the Bank of Japan and the performance of the yen. The market is still considering the high possibility of BOJ raising interest rates in April, despite negative GDP data.
Long
by Chart_MasterPro
USDJPY I Potential pullback and more growth 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!
Short
by BKTradingAcademy
USDJPY | Perspective for the new week | Follow-upExplore the latest market dynamics in our new video as we analyze the USD/JPY movement, surging over 0.90% to 148.05 following a robust US jobs report and elevated Treasury yields. The addition of 353K jobs in January has shifted Fed rate cut forecasts, reflecting a tightening labor market and bolstering confidence in the US economy. However, amidst this positive momentum, factors such as heightened conflicts in the Middle East are fostering cautious sentiment among investors. The Japanese Yen, drawing in some buying potential, cannot be overlooked. Additionally, the Bank of Japan's recent hawkish stance signals potential shifts away from extensive stimulus and negative short-term interest rates, potentially providing support to the Yen. As we navigate these intricate market dynamics, this video serves as your guide, offering insights on how to plan your positions strategically for the upcoming week. USDJPY Technical Analysis: As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 148.500. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the crucial level of 148.800, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead. Join me in exploring potential trading opportunities using trendlines, key levels, and chart patterns. Stay connected to my channel, follow updates, and actively participate in the comment section as we navigate the dynamic USDJPY market together. Wishing you success as you navigate the USDJPY market this week! #USDJPY #technicalanalysis #tradingopportunities #inflation #monetarypolicy #Fed #interestrates #economicanalysis #Forextrading Disclaimer Notice: Please be aware that margin trading in the foreign exchange market, including commodity trading, CFDs, stocks, and other instruments, carries a high level of risk and may not be suitable for all investors. The content of this speculative material, including all data, is provided by me for educational purposes only and to assist in making independent investment decisions. All information presented here is for reference purposes only, and I do not assume any responsibility for its accuracy. It is important that you carefully evaluate your investment experience, financial situation, investment objectives, and risk tolerance level. Before making any investment, it is advisable to consult with your independent financial advisor to assess the suitability of your circumstances. Please note that I cannot guarantee the accuracy of the information provided, and I am not liable for any loss or damage that may directly or indirectly result from the content or the receipt of any instructions or notifications associated with it. Remember that past performance is not necessarily indicative of future results. Keep this in mind while considering any investment opportunities.
by darcsherry
USDJPY: The yen is at a 10-week low as the dollar rose for a fouThe Japanese yen remained near a 10-week low on Friday, with currency markets adjusting expectations around interest rate movements from global central banks. The yen traded slightly changed at 149.315 against the USD, after falling to 149.48 in the previous session, marking its lowest since November 27. Bank of Japan Deputy Governor Shinichi Uchida's comments on Thursday suggested the central bank is unwilling to raise interest rates quickly even after potentially ending its negative interest rate policy, which some Market participants predict it could happen as soon as next month. Despite careful monitoring of foreign exchange movements by Japanese Finance Minister Shunichi Suzuki, who reiterated that monetary policy decisions belong to the central bank, the yen did not show a significant reaction. The dollar index, a gauge against six major currencies, remained steady at 104.15. It rose 0.1% on Thursday after data showed resilience in the US labor market, dampening expectations of an imminent interest rate cut by the Federal Reserve. For the week, the dollar index was up 0.18%, boosted by strong monthly payrolls data last Friday and hawkish comments from Fed Chairman Jerome Powell in a "60" interview. minutes" aired on Sunday. Upcoming US economic data includes the Consumer Price Index (CPI) inflation report for January, which will be released on Tuesday. Traders have significantly reduced the odds of a rate cut at the Fed's March policy meeting to just 16.5%, down sharply from 65.9% a month ago, according to CME Group's FedWatch Tool .
Short
by Chart_MasterPro