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#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is trading within a channel pattern, respecting both support and resistance levels. Currently, it is near the upper boundary of the channel, indicating possible resistance. Forecast: Wait for a retest of the channel resistance before considering a sell position, as confirmation is required to validate a potential move downward. Key Levels to Watch: Entry Zone: After a retest and rejection from the upper boundary of the channel. Risk Management: Stop Loss: Placed above the channel resistance or recent swing high. Take Profit: Target the midline or lower boundary of the channel for potential downside movement. Market Sentiment: The setup suggests a cautious bearish bias, but confirmation signals are needed before executing a trade.
Short
by PIPSFIGHTER
USDJPY USD/JPY is extending pullback from multi-month high of 158.07 set on Thursday. The pair drops toward 157.00 in the Asian session on Friday, courtesy of the negative shift in risk sentiment. Markets remain concerned about China's econmic health and the upcoming policies by the Fed and the BoJThe Department of Labour reported that individuals claiming jobless benefits for the first time were 211K, lower than estimates of 222K and the former release of 220K, upwardly revised from 216K. The Greenback was already performing strongly on expectations that the Federal Reserve (Fed) will reduce interest rates gradually this yearMeanwhile, the Japanese Yen (JPY) performs strongly against its major peers on Thursday amid worries that Japanese administration could intervene in the FX domain against excessive foreign exchange moves. Japan Finance Minister Katsunobu Kato said last week that authorities are watching FX moves closely and will act to stabilize faltering Yen
Short
by KingForex078
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. We expect a decline in the channel after testing the current level Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Short
by TheGrove
3
USD/JPY Technical Analysis: Key Levels and Potential ScenariosThis analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook. USD/JPY Technical Analysis: Key Levels and Potential Scenarios This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook. Key Levels: Critical Zone: 155.47–154.75 This zone acts as a pivotal level for the continuation of the uptrend. As long as the daily candle does not close below this range, the bullish scenario remains valid. Upside Targets: The first resistance level is identified at 160.099. A breakout above this level could lead to further gains, with the next target at 161.753. Indicator Insights: DTOsc (DT Oscillator): The oscillator is moving toward the oversold region. This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend. USD/JPY Technical Analysis: Key Levels and Potential Scenarios This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook. Key Levels: Critical Zone: 155.47–154.75 This zone acts as a pivotal level for the continuation of the uptrend. As long as the daily candle does not close below this range, the bullish scenario remains valid. Upside Targets: The first resistance level is identified at 160.099. A breakout above this level could lead to further gains, with the next target at 161.753. Indicator Insights: DTOsc (DT Oscillator): The oscillator is moving toward the oversold region. This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend. Potential Scenarios: Bullish Scenario: If the 155.47–154.75 support zone holds and the daily candle closes above this range, the pair is likely to resume its uptrend toward the 160.099 and 161.753 targets. Bearish Scenario: A daily close below 154.75 would invalidate the bullish outlook and may lead to increased selling pressure. Conclusion: USD/JPY is trading within a critical range, with the 155.47–154.75 level serving as a decisive zone for the continuation of the uptrend. As long as this level holds on a daily closing basis, the pair is expected to climb toward its higher targets. Feel free to share your thoughts in the comments and follow me for more professional insights and detailed analyses!
Long
by Mohammad_Mirdehghan
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving in an UP trend channel. The chart broke through the dynamic Resistance line, which now acts as support. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
Long
by TheGrove
1
USDJPYHere 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. 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 151.800 after making its correction down to 150.400 . Scenario 1: SELLS from higher levels (153.300) We are at 153.300. That would confirm our pullback to the uspide and as long as it’s respected, we should continue to the downside to our next KL (Key Level) sitting at 150.400. Scenario 2: SELLS from 150.400 We dropped down to our Key Level 150.400 . If broken we should see more sells down to our targeted zones 149.500 - 149.000 . Scenario 3: BUYS from 154.700. We broke above 154.700 and are trading above it. We should see more upside potentially reaching new highs at around 158.800 . Personal opition: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 153.000 - 153.300 . Be patient and stay tuned for updates on this pair. KEY NOTES - USDJPY breaking below 150.400 would confirm sells down to 149.500 - 149.000. - USDJPY failing to break above 153.300 would confirm sells. - Breaks above 154.700 would show signs of reverse and could potentially rise up to 158.800. Happy trading! FxPocket
by FxPocket
USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement. Explanation: 1: Hidden Bearish Divergence: The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal. 2: Double Top Formation: A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward. 3: Market Structure Shift: The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment. 4: Potential Reversal Zone (PRZ): The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down. This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.
Short
by awaisulabdeen
USDJPY - Short active !!Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect bearish price action as price rejected from bearish OB + institutional big figure 154.000. As well we have hidden divergence for sell. Fundamental news: On Wednesday (GMT+2) we will see results of Interest Rate on USD and on Thursday on JPY, news with high impact on currencies. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:USDJPY Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 148.82 2nd Support – 148.18 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
USD/JPY - H1 - Bearish Flag The USD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 150.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 149.20 2nd Support – 148.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
19
#UASJPY: Swing Selling is in progress, Are we heading Bears Era?Dear Traders, Hopefully, you having a great weekend so far, we have a great opportunity on USDJPY, possible a total bearish meltdown on all the jpy pairs especially with UJ, we are on the verge of collapse. At the moment we expect price to do a small correction before it drops further. At this correction we may expect price to reverse nicely. We expect this idea to be activated by Friday when we will be having a last nfp data of the 2024. Decembers are known for bears control over jpy pairs. thank you ;)
Short
by Setupsfx_
4
USD/JPY - H4 - Channel Breakout The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days. USDJPY Key Points: Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 151.30 2nd Support – 149.82 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
28