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USD/JPY on the Rise: Aiming for 154 and Beyond if 151 HoldsHere’s the lowdown: USD/JPY is hanging out at the 151 support level. If this zone holds, we’re looking at a nice ride up to 152.47—and possibly higher! First take-profit at 154.23, and if we break that, we’re cruising to 155.80 and even 157. Simple Breakdown: Solid Support at 151 Right now, 151 is the key spot to watch. If we hold above this, it’s a good sign USD/JPY has the strength to keep climbing. Target Levels on the Way Up First Stop: 152.47 This is our first target, so keep an eye on the price action here to see if we’ve got the momentum. Take-Profit Zone 1: 154.23 If we reach this level, it’s a great spot to lock in some gains. Think of it as the first surf break! Take-Profit Zone 2: 155.80 If 154 clears, next stop is 155.80. This is where the ride gets exciting. High-End Target: 157 If USD/JPY stays strong and keeps moving, 157 is the ultimate stretch goal on this wave. Trading Tip Stay flexible with your levels. If 151 holds, ride the trend and take profits at each level to keep it smooth. Relax, set your zones, and let the market show you the way! MINDBLOOME TRADING / KRIS Where Trading Meets Wellness : Mindbloome Exchange
Long
by Mindbloome-Trading
What October 25th's Options Portfolio Tells Us About the YenOur analysis of options portfolios from October 25th revealed a Straddle setup on the Japanese yen futures, with a short expiration date set for November 1, 2024. Now, this isn’t exactly a rare sight for the yen; these Straddle portfolios pop up pretty regularly, especially when we’re looking at short expiration periods. From what we've seen, in about 4 out of 5 cases, the quotes tend to hang around the Straddle boundaries and often bounce off them. A recent example? August 5th—prices hit the upper limit at 149.20 (that’s the spot quote) and then bounced back nicely, giving savvy traders a sweet opportunity to jump into a short position on the dollar with a solid risk/reward ratio. So, what's the takeaway here? Use those Straddle boundaries to open positions in the spot/forex market. It makes sense to trade in the direction of the main trend, which means looking for a drop in the yen against the dollar when prices hit that upper boundary—check out #1 for a visual. Now, I can hear the skeptics asking: what's the rationale behind these price movements at the Straddle boundaries? After all, a Straddle is just a straightforward strategy that involves buying volatility and betting on price movement. True, that’s the textbook definition, but it’s just scratching the surface. The real insights and "battle-tested applications" of this strategy are way more intricate than they seem. Stay tuned for our updates, and you’ll definitely uncover the hidden meanings and value of options analysis for the everyday forex trader. Trust me, these insights can give you a real edge in the market. It’s worth your time and effort!
CME:6JZ2024
by ClashChartsTeam
USD/JPY – Heading to 153 with Corrections Along the WayAlright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there. After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong. Key Levels to Watch: Current Target: 153.07 – A key level where a correction is expected. Correction Depth: Unknown until we get to 153—watch for signs of pullback strength. Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast. This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be. What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave. Mindbloome Trader Trade What You See
Long
by Mindbloome-Trading
Long Term Build UpTLDR; Order placed at the last zone of major show of support, just under the last group of rising highs on the 5 minute chart. Target the extreme most recent high, trading for the market to break the higher levels and reach up to the highest supply zone level as the trade target, stop will be a hedge order, because we have 600 pips to the bottom if this pair is changing trend to go down. Looking to target the 137.5-6 area. Using 51 pips of risk, just below the last major support level, expecting a sweep then go, a typical Yen behavior. 133.75 level is fairly weak as resistance, and is a bit obvious so likely to cause a fake-out, whipsaw sweep, and then blast through to the highs, using a few levels to relax along the way... In Depth Look: Taking a closer look at the consolidation for the USDJPY I can see a clear level around 133.75. Looking at the overall impact each time is showing a breakdown of that area. Highlighted in yellow are a series of strong bullish moves, one major move that set the range we are currently trading over the last week, and it has not been entirely used yet. Starting from the beginning... Giant push up that immediately turns south as soon as the resistance level is touched. Other buyers see the overall up trend in the market (4 hr), so they buy in near the top of the support before the major up move. This brings price into the level again fairly soon. The sellers get a little overwhelmed, but eventually succeed in not only driving the market right back down, but also created a flag pattern, encouraging more shorts almost to the bottom of the range, but not quite.... At the second yellow box, major buying takes place, but not enough to really send the price up. The channel down is more sellers jumping in, holding price at a fairly good value buy area and orders fill to match the sells. The third yellow box the major level near the bottom where price before gets a good reaction, and other traders get involved for buying now, as this is a fairly good value price for the range. Volatility from this switch caused the lower level to be hit again, and immediately drive price back up into the level where not many are interested in selling. Looking overall, the start of consolidation is just a mirror of what's going on in the last half of the consolidation, just in reverse... What I expect to happen now with the stage set, is a shakeout style action that stops out the sellers remaining at the 133.75 level, then a failure on retest long to get more retail buyers in, then go straight for the buyer's stops around the level just below the yellow box bottoms, where most all buyers will have their stop set, making enough liquidity for the institutions to quickly load up more. This could cause sellers to jump back in, targeting the bottom of the range from February, stops above, and we then see a quick rise to the most recent highs around 137.6-7, where a supply zone is waiting..... 5 minute chart is not extremely relevant, but just because.... Doesn't it look like a dragon? How "yen" of this pair 😂The mirrored consolidation makes me think of yin and yang, and the dragon isn't far off from describing the actual price action, I just made the lines a little artsy after I analyzed... Looking at the most recent bottom we see gradually rising highs, and the yen will likely sweep under these lows to the bottom most level of the range, where it last showed support at 131.920, fill and then start the move back up and continue it's long term trend. Legs are V patterns and the volatility spike, showing the bullish buildup then a consolidation to the upper levels again. What the yen will normally do is try to go higher, then after showing bullish pushes, it will sweep, then go. Yen pairs typically will move a lot, and not go anywhere at all. The USDYEN in particular likes to make this move on shorter times frames. Overall we are in between 2 extreme points of highs and lows, but the 4 hour chart shows the price pushing/breaking out of a of a large "W" top resistance
Long
by ForexStoryteller
USDJPY: Buying On RetracementUSDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 140.33 - 143.49 Support Area Price Action: The Bullish Pin Bar Signal that had formed on Tuesday, Oct 18th has now been invalidated. Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, weekly newsletter and hopefully some traders got on board). Potential Trade Idea: We are considering buying on a retracement lower and after a price action buy signal, within or just above the 140.33 – 143.49 short-term support area, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
Long
by UnknownUnicorn393254
1
USDJPY: Buying On Retracement USDJPY – SPOT: Buying On Retracement And After Price Action Signal Above 141.49 Support Level Price Action: Price exploded higher from the ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th (We suggested buying on a breakout higher of the nose of this Signal in the Oct 10th, members weekly newsletter). Potential Trade Idea: We are considering buying on a retracement lower and after a price action signal, whilst price remains above the 143.49 short-term support level, which concedes with the recent ultra-small Bullish Pin Bar Signal that had formed on Friday, Oct 7th.
Long
by UnknownUnicorn393254
2
USDJPY: Bullish Pin Bar SignalUSDJPY – SPOT: Buying On Breakout Higher Of The Nose Of Ultra-Small Bullish Pin Bar Signal Price Action: Price formed an ultra-small Bullish Pin Bar Signal late last week. The recent Bearish Fakey + Small Pin Bar Setup that had formed on Monday, Oct 3rd failed (We did not consider trading this Setup). Potential Trade Idea 1: We are considering buying on a breakout higher of the nose of the current ultra-small Bullish Pin Bar Signal (Please note if the market gaps up at the open, we will wait to enter on a pullback). Potential Trade Idea 2: We are considering buying on a retracement lower and after a price action buy signal, at or just above the 139.40 short-term support level, which concedes with the recent Inside Bar Breakout that had triggered on Tuesday, Sep 6th.
Long
by UnknownUnicorn393254
USDJPY (US Dollar/Japanese Yen) Currencies Analysis 26/04/2022Fundamental Analysis: Japanese Prime Minister Fumio Kishida said on Tuesday. The government’s JPY13.2 trillion emergency relief package will help ease the pressure off households and companies from rising fuel and raw material costs. Additional quotes “The government will tap reserves set aside under the current fiscal year's budget to fund some of the measures that require fresh spending.” “Will lay out by June action plan on steps to promote 'new style capitalism,' long-term fiscal and economic policy guideline.” “Will compile an extra budget, aim to pass it through current parliament session.” “Important to promote the use of nuclear power, renewable energy to stabilize energy market.” “Will layout after upper house election comprehensive package of policies, including on energy, to promote change in Japan’s society.” Technical Analysis: We can clearly see that the Bearish Divergence of Price and MACD has Started Forming in 6H time frame and it is one of the biggest signs that the bullish Trend is reversing and we can see some Price Correction on this Forex Instrument. we have defined 3 Targets using the Fibonacci Retracement Tools which we have forecasted the Price to fall. please check the Forecast dates and exact Prices.
Short
by BitonGroup
2
USDJPY: Bullish Pin Bar + Inside BarUSDJPY – SPOT: Buying On Breakout Of Bullish Pin Bar + Multiple Inside Bar (Combo Setup) Price Action: Price had been forming a Bullish Pin Bar + Multiple Inside Bar (Combo Setup) since late last week. Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board). Potential Trade Idea 1: We are considering buying on a breakout of the current Bullish Pin Bar + Multiple Inside Bar (Combo Setup). Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active).
Long
by UnknownUnicorn393254
1
USDJPY – SPOT: Bullish Pin Bar SignalUSDJPY – SPOT: Buying On Retracement Whilst Above Bullish Pin Bar Signal Price Action: Price formed a Bullish Pin Bar Signal overnight (We are not considering trading this signal). Price moved higher from within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd. (We have been suggesting trading this signal in since the August 3rd daily newsletter and hopefully, some traders got on board). Potential Trade Idea 1: We are considering buying on a retracement lower whilst price remains above the prior Bullish Pin Bar Signal that had formed on Thursday, August 11th (Currently Active). Potential Trade Idea 2: We are considering buying on a retracement lower whilst price remains above the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level on Tuesday, August 2nd (Currently Active).
Long
by UnknownUnicorn393254
2
USDJPY: Inside Bar PatternUSDJPY – SPOT: Buying On Breakout Of Inside Bar Pattern Price Action: Price formed an Inside Bar Pattern overnight. Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading the breakout of this pattern in the August 5th members' daily newsletter). Price moved higher from the Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week (We suggested trading this signal in the August 3rd members' daily newsletter). Potential Trade Idea 1: We are considering buying on a breakout of the current Inside Bar Pattern. Potential Trade Idea 2: We are considering waiting to see if the current Inside Bar Pattern turns into a Potential Bullish Fakey Setup. Potential Trade Idea 3: We are considering buying on a retracement lower to within the range of the recent Bullish Tailed Bar Signal that had formed just above the 131.49 short-term support level, early last week.
Long
by UnknownUnicorn393254
USDJPY: Inside Bar PatternUSDJPY – SPOT: Inside Bar Pattern Breaks Higher Price Action: Price moved higher from the Inside Bar Pattern that had formed late last week (We suggested trading this breakout of this pattern in the August 5th members' daily newsletter). Price moved higher from the Bullish Tailed Bar Signal that had formed early last week (We suggested trading this signal in the August 3rd members' daily newsletter). Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the most recent Inside Bar breakout. Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Tailed Bar Signal.
Long
by UnknownUnicorn393254
1
USDJPY: Bullish Multi-Bar Fakey SetupUSDJPY – SPOT: Buying On A Retracement To Within The Range Of Bullish Multi-Bar Fakey Setup Price Action: Price moved lower from the Bearish Tailed Bar Signal that had formed late last week (We did not consider trading this signal, nor did we mention it). Price moved briefly higher from the prior Bullish Pin Bar + Inside Bar (Combo Setup), before reversing back down (We suggested buying on a breakout of this setup in the July 21st daily newsletter). Price moved lower from the recent Multiple Inside Bar Pattern that had been forming since early last week. Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd (We have been suggesting trading the pullback into the range of this setup since June 30th daily newsletter). Potential Trade Idea: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd (Currently Active).
Long
by UnknownUnicorn393254
USDJPY – SPOT: Inside Bar BreakoutUSDJPY – SPOT: Buying On A Retracement Within The Range Of Recent Inside Bar Breakout Price Action: Price formed an Inside Bar Pattern late last week (We are not considering trading this pattern). Price exploded higher from the Inside Bar Pattern that had formed early last week (We suggested buying on a breakout of this pattern in the July 13th, members' daily newsletter). Price exploded higher from the Bullish Pin Bar Signal that had formed on Wednesday July 6th (We suggested trading this signal in the July 7th daily newsletter). Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd (We have been suggesting trading the pullback into the range of this setup since June 30th daily newsletter and hopefully some traders got on board). Potential Trade Idea 1: We are considering buying on a retracement lower to within the range of the recent Inside Bar Breakout that occurred early last week. Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup that had formed on Thursday June 23rd.
Long
by UnknownUnicorn393254
USDJPY – SPOT: Bullish Pin Bar Signal USDJPY – SPOT: Buying On Retracement Lower To Within The Range Of  The Bullish Pin Bar Signal  Price Action: Price moved slightly higher from the Bullish Pin Bar Signal that had formed early last week (We suggested trading this signal in the July 7th, members' daily newsletter). Price moved briefly higher from the recent Bullish Multi-Bar Fakey Setup that had formed over two weeks ago (We have been suggesting trading the pullback into the range of this setup since June 28th, daily newsletter). Potential Trade Idea: We are considering buying on a retracement lower to within the range of the most recent Bullish Pin Bar Signal that had formed mid-last week (This Pin Bar formed within the range of the recent Bullish Fakey Setup, which is currently active).
Long
by UnknownUnicorn393254
1
USDJPY: Double Bullish Pin Bar SignalsUSDJPY – SPOT: Price Moved Higher From Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup) Price Action: Price moved slightly higher from the two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week (We suggested trading this Setup in the June 13th, weekly commentary and hopefully some traders got on board). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a retracement lower to within the range of the Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) that had formed late last week. Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.
Long
by UnknownUnicorn393254
USDJPY – SPOT: Double Bullish Pin BarsUSDJPY – SPOT: Double Bullish Pin Bar Signals (Double Bullish Pin Bar + Inside Bar Combo Setup) Price Action: Price formed two consecutive Bullish Pin Bars + Inside Bar (Combo Setup) late last week. Price exploded higher from the Bullish Multiple Inside Bar + Ultra-small Pin Bar (Combo Setup) that had formed around two weeks ago (We suggested trading this setup in the May 30th, weekly newsletter, and hopefully some traders got on board). Price exploded higher from the recent Bullish Multi-Bar Fakey Setup that had formed over two weeks ago, (We suggested trading this setup in May 26th, members' daily newsletter). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Two consecutive Bullish Pin Bars + Inside Bar (Combo Setup). Potential Trade Idea 2: We are considering buying on a retracement lower and/or after a price action buy signal, at or around the 131.35 short-term support level.
Long
by UnknownUnicorn393254
1
USDJPY – Multiple Inside Bar PatternUSDJPY – Buying A Breakout From Multiple Inside Bar Pattern Price Action: Price formed a Bullish Multi-Bar Fakey Setup late last week (yet to trigger). Price had been forming a Multiple Inside Bar Pattern since last Monday (We suggested trading this pattern in the May 6, daily newsletter).  Price moved higher from the prior Bullish Multi-Bar Fakey Setup that had formed over a week ago (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Multiple Inside Bar Pattern (Which will also result in the Multi Bar Fakey Triggering). Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the prior Bullish Multi-Bar Fakey Setup.
Long
by UnknownUnicorn393254
USDJPY: Buying A Breakout - May 1,2022USDJPY – Buying A Breakout From Inside Bar Pattern Price Action: Price formed an Inside Bar Pattern, late last week. Price moved higher from the recent Bullish Multi-Bar Fakey Setup that had formed mid-last week (We suggested trading the pullback to this setup in the April 28th, members' daily newsletter). Potential Trade Idea 1: For more aggressive traders, we are considering buying on a breakout above the current Inside Bar Pattern. Potential Trade Idea 2: We are considering buying on a retracement lower to within the range of the recent Bullish Multi-Bar Fakey Setup.
Long
by UnknownUnicorn393254
USDJPY – SPOT: Waiting For A Retracement To Rejoin Up TrendUSDJPY – SPOT: Waiting For A Retracement To Rejoin Up Trend Price Action: Price briefly moved below the recent Multiple Inside Bar Pattern that had formed late last week (We are not considering trading this pattern). Price moved significantly higher from the prior Bullish Inside Bar + ultra-small Pin Bar (Combo Setup) that had formed just above the 125 short-term support level, over two weeks ago (We suggested trading this pattern in the April 13th, members daily newsletter). Potential Trade Idea: We are considering buying on a retracement lower to within the range of the prior Bullish Inside Bar + ultra-small Pin Bar (Combo Setup).
Long
by UnknownUnicorn393254