Usdjpylong
USDJPY Long: NFP ON TAP!!! NFP is expected to come in at about 169k. We will watch the actual news results before deciding whether to continue the trade. If the news comes in better than expected, we expect the US dollar to become stronger against the Yen. If NFP comes in lower than expected, we will be looking to other major pairs for trading setups.
We can see price is moving in a bullish direction, which is supported by the short-term trendline breakout and a change in market structure from bearish to bullish.
USDJPY - BoJ Interest Rate Decision?!Here is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair sharing possible entries and important Key Levels.
Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame .
USDJPY is currently trading at around 155.800 . Our scenarios are in play after the BoJ (Bank of Japan) Interest Rate Decision is out. Let’s take another look at them with more in-depth outcomes. These scenarios are written from just a TA (Technical Analysis) point of view.
Scenario 1: BUYS
-We broke above 156.700 .
With the break of 156.700 we can expect a possible move up to 158.748. With a a further break of this KL (Key Level) we can expect more upside on the pair potentially reaching top of the long-term range sitting at 161.820.
Scenario 2: SELLS
-We broke below 154.881 .
If we break bellow 154.881 we can expect more downside on the pair even up to 152.000. With breaks of this level we could see even lower levels sitting at around 149.394 or “bottom of the long-term range”.
IMPORTANT KEY LEVELS:
- 161.820; top of the long-term range
- 158.748; breaks above would result in more upside
- 154.881; breaks below would result in sells
- 152.817; breaks below confirming lower levels
- 152.030; breaks below confirming lower levels
- 149.394; bottom of the long-term range
Personal opinion:
It’s not advised to enter into sells or buys before we have a clear break or the BoJ Interest Rate Decision data out. For now we are patiently waiting on either breaks to the upside or breaks to the downside. More volatility on the pair is expected tomorrow so be careful.
KEY NOTES
- USDJPY breaking above 156.700 would confirm buys.
- USDJPY breaking below 154.881 would confirm sells.
- BoJ Interest Rate Decision is tomorrow.
Happy trading!
FxPocket
USDJPY R2🔍 Technical Analysis of USD/JPY
📌 Overall Trend:
After a downward correction, the price has reached the 154.250 support zone.
A positive reaction at this level suggests a potential upward move.
A price gap is visible in the 156.000 - 156.400 range, which may lead to a price increase to fill the gap.
📈 Buy Trade Signal (Long Position)
🔹 Entry Conditions:
If the price holds the 154.250 - 154.400 support zone and bullish reversal candlesticks appear, a long trade is recommended.
The ideal entry range is 154.600 - 154.860.
🔹 Stop Loss (SL):
Below 154.250
🔹 Take Profit (TP):
First target: 155.860
Second target: 156.110
Third target: 156.400 (if the bullish momentum continues)
🔹 Risk Management:
If the price stabilizes below 154.250, reconsider the trade.
Breaking above 156.110 increases the likelihood of further bullish movement to fill the price gap.
✅ Final Conclusion:
If the price finds support at 154.250 - 154.400, a buy trade is favorable.
A breakout above 156.110 could lead to a further target of 156.400.
📌 Ensure confirmation through price action and candlestick patterns before entering the trade.
USD/JPY - Bulls defending ?
Monday may show significant volatility in markets following Trump investiture. Where the dollar will head to remains uncertain, number of FED cuts for 2025 remain uncertain but recent NFP reports and CPI showed strength in labor market and higher inflation, leaning towards a hawkish Fed for this start of the year.
What matters for next week is Trump's investiture, market will be responsive to any type of communication from the incoming president. Trump has made it clear that he wants a weak dollar to reduce the trade deficit. Technical show that Dollar has gained incredible momentum over the past 4 weeks. There will be a clear dilemma for the markets on will Trump's politic will be inflationary (and cause Fed to hold rates higher for longer) or will he succeed in implementing a weaker dollar. Historically, Dollar fell the first months Trump was in office in 2017.
- Currently, USD/JPY FX:USDJPY is trading around a key area around 156.000 around the 4H 20 EMA. Bulls showed up on Friday.
Bulls reclaim 156.000 area of this 4H trading range:
- If dollar remains strong next week, we could see the USD/JPY continue to trade within this 4H range, which would confirm a failed breakout from this TR and put our next target on 158.000. Multiple ways to trade this, scale in if bulls strong on Monday for aggressive traders or wait to see to see consecutive 4H bull bars for entries.
-Valid fake outs often lead to aggressive moves in the opposite direction of the breakout as sellers may be trapped in a loosing trade leading to both bulls and bears buying.
DXY TVC:DXY bounced of the bullish trending line:
- The play for next week could be to see the dollar rally towards 110.000-110.500 area and see some potential reaction there, potentially some sideways trading before market decides its next move.
Remember to be careful on this, last week USD/JPY was a bear bar closing below its lower half which may be a sell signal for next week. Next week will be volatile for markets so I'd recommend lowering your trading size.
This is a C setup.
Peace,
USDJPY TRADE IDEA: LONG | BUY - W/B: 19/01/25UJ is going to be bearish for the next day or so, therefore taking opportunities as it goes up makes most sense. This is the entry I have found as the reversal has been made official.
RR: 3.64
N.B.: This is not financial advice. Trade safely and with caution.
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Entry 📈 : You can enter a Bull or Bear trade at any point after the PPI news.
Stop Loss 🛑: Using the 1H period, the recent / nearest Pullbacks.
Goal 🎯: Bullish Robbers TP 160.00 (or) Before
Bearish Robbers TP 155.500 (or) Before
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Fundamental Outlook 📰🗞️
The upcoming PPI news is expected to be positive, with the Producer Price Index for final demand predicted to rise. This is based on the recent trend of increasing prices for final demand goods and services. In the previous month, the index for final demand goods moved up 0.7 percent, with prices for final demand foods jumping 3.1 percent. The index for final demand services also rose 0.2 percent, led by a 0.8-percent increase in margins for final demand trade services.
Upcoming Fundamental Indicators:
Interest Rate Divergence: US Federal Reserve vs. Bank of Japan
US Economic Data: Non-Farm Payroll, GDP growth rate
Japanese Economic Data: GDP growth rate, inflation rate
Trade Tensions: US-Japan trade tensions
Upcoming Market Sentiment:
Bullish Sentiment: 70%
Bearish Sentiment: 30%
Neutral Sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
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USDJPY - Idea for a long !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bullish market structure from daily timeframe perspective, so I look for a long. My point of interest is rejection from bullish OB + institutional big figure 154.000 + trendline.
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Bottom Wedge USD/JPY - Which side will we see a breakout from ?
-> Following FX:USDJPY downfall, price almost fell two percent this week.
-> Bottom wedge was identified, which side it will break down to is still to be determined. Either way, an upside breakout can justify a scalp on 5-15 min timeframe a after consecutive bull bars are seem. Looking at the other side of the coin, a downside breakout would lead to a third leg down a indicate that the bear trend is soon halting or reversing.
-> Most importantly, be cautious and patient with such trades, wait for breakout and follow through buying- or selling- to place trade. Remember that USD/JPY is reversing with a strong Yen and odds favour bears, as seen with bear flag on this 4h chart:
Will the bear flag will get a secong leg and gain downside momentum?, or will we have a failed trading range breakout with a short term reversal around the 156.000 area is still to be determined.
B setup
Peace
USDJPY POSSIBLE TRADE SETUPPotential Trade Setup on USDJPY
The price broke out of a strong intraday resistance zone, although the Trend remains bullish and the set Trendline keeps the price on the higher part of the market.
The price is developing, and I am waiting for a retest of the previously broken resistance and used as support before I look for a LONG trade.
A BUY opportunity is at the top above the weekly Low at 1.04480.
You may find more details in the chart!
Thank you and Trade Responsibly!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
USD/JPY (UJ) Analysis (Daily Timeframe)The USD/JPY pair has been following a clear market cycle, transitioning from distribution to markdown , followed by accumulation , and now entering a bullish markup phase , showcasing strong bullish momentum.
Key Observations:
Market Phases:
Distribution Phase: The bullish move ended near the 162 level , where sellers gained control, initiating a markdown.
Accumulation Phase: After a significant markdown, UJ found a base around the 140 level, forming an accumulation phase with demand coming back into the market.
Current Phase: The pair has now broken out of accumulation and is in a bullish move, with a well-defined structure of higher highs and higher lows.
EMA Surfing and Momentum:
The price is currently surfing upward along the EMAs , showing strong trend-following behavior with EMAs acting as dynamic support.
The tightening of the EMAs during the accumulation phase has now expanded , supporting the continuation of the bullish move.
Scenarios to Watch:
Continuation to Targets:
USD/JPY could continue its bullish momentum toward the short-term target near 159 and potentially the medium-term target around 162. This aligns with the ongoing strength in the USD and the current bullish structure .
Pullback for Reaccumulation:
A potential retracement could act as a reaccumulation phase, gathering liquidity before resuming the uptrend.
USDJPY – in accumulation phase but undoubtedly bullish .. 13 JanWeekly – Bullish, although it has been consolidating for the past 3 weeks.
Daily – same as weekly. Please note that the bears have been unable to push price lower. Price is well above the 200dma. The area around 156.20 was has been tested multiple times and provides solid support (was resistance earlier).
H4 – In line with the weekly and daily charts.
A pullback to 156.20 and a bullish bounce there would be ideal, however that may not happen. We could see bullish price action even earlier. I will be monitoring PA closely and look for taking an entry whenever I see convincing bullish strength. An obvious target would be the next resistance in the 161.70 region.
This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!!
It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
USDJPY Analysis Here's a bullish channel setup on USDJPY! The pair is respecting the ascending trendline, and we’re seeing signs of potential upside movement. 🚀
🎯 Targets:
Take Profit 1: 158.451
Take Profit 2: 158.825
Take Profit 3: 159.154
📉 Stop Loss: 157.582 (below the channel support).
The pair is currently trading near the channel’s lower boundary, offering a great risk-to-reward ratio. Keep an eye on this one—it could deliver solid gains! 💰
Let’s see how this plays out! 💹
USDJPY ANALYSIS IS READY TO FLY MUST READ THE CAPTION The chart for USD/JPY shows the following:
1. Timeframe: 1-hour chart.
2. Key Levels:
Target Zone: Around 159.100, indicating a potential bullish target.
Current Price: Approximately 157.933 (Sell) and 157.946 (Buy).
Stop Loss: Positioned near 157.226 to manage downside risk.
3. Technical Analysis:
Pattern: A potential rounding top or consolidation phase before a breakout.
Scenarios: Two possible bullish outcomes are shown with arrows:
A breakout above the resistance zone, aiming for the target zone (159.100).
A retracement followed by a bullish move.
Key Support Levels: 157.692 and below, which could act as critical zones to watch.
4. Moving Average: A moving average (possibly the 200 EMA) provides additional support near the stop-loss level.
5. Trading Idea: Buy opportunities are highlighted with strict risk management via the stop-loss placement.
The chart suggests bullish momentum but emphasizes careful monitoring of price action near key levels.
Potential Upside For USDJPYFX:USDJPY
End of consolidation, this pair is going up!
Here's the strategy:
Buy with TP 158 - 160, this is the expected target and 160 will be the strongest resistance.
Beware, if price goes below 157 then this pair will go back to 156.2 which is the support level in the previous consolidation trend.
Good luck!
USD/JPY (H4) Long USD/JPY (H4) Long
Monthly:
Strong supporting bias January open is higher than December close .
Weekly:
This weeks Open/Close suggests price may pull back before continuing upwards.
Daily:
Price is above the 200.
H4:
Swing Low:
17th December @ 13:00 (A)
Swing High:
30th December @ 01:00 (B)
Entry Price: 155.616
Stop Loss: 153.161
TP1: 158.071
TP2: 161.094
Feedback is appreciated :)