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USDJPY - Potential Reversal and Key Levels to WatchUSDJPY - Potential Reversal and Key Levels to Watch USDJPY pair is currently trading around 154.60, showing signs of a possible correction after a strong bullish move and today's FOMC decision. The price touched a key resistance zone beginning at around 154.50, which aligns with historical supply levels. Elliott Wave Structure The current wave count suggests that we might be nearing the completion of a larger impulsive structure. The five-wave sequence to the upside appears to be reaching exhaustion, indicating that a corrective move (potentially in the form of an ABC pattern) could follow. The completion of Wave (5) near the recent highs reinforces this corrective scenario. Key Support Levels On the downside, significant support can be found around the 150.00-152.00 range, where multiple factors come into play: Strong institutional demand is likely in this zone, as indicated by a large order block. The 0.618 and 0.764 Fibonacci retracement levels from the previous bullish (beginning in early Dec. 2024) move also converge here, offering further validation for potential buy-side activity. If the price corrects further, we expect these levels to act as a major buffer against extended downside movement. A break below 150.00, however, could open the door for deeper retracements towards 145.00 and below. Upside Potential Should the current consolidation break higher, USD/JPY could aim to retest the critical resistance between 154.50 and 156.00. A clean break above this zone would invalidate the immediate bearish outlook and open the path towards new highs, possibly targeting the 160.00 psychological level. Momentum & Volume The VOLD shows a mixed picture, with momentum slowing down but not yet turning decisively bearish. This suggests that the market is at a key inflection point, where further price action will determine the next trend. Bulls need to clear the 156.00 resistance to regain full control, while bears will be watching for a breakdown below 152.00 for confirmation of a deeper correction. Conclusion USD/JPY is trading at a critical juncture. The resistance at 154.50-156.00 will be crucial in determining whether we see a continuation of the uptrend or a deeper correction. Traders should watch for a potential pullback to the 154.00-152.00 zone as a key area for possible long entries, while a break below these levels could signal a more pronounced bearish phase. On the upside, a breakout above 156.00 would suggest that the bulls are regaining momentum and aiming for new highs.
Long
by Ochlokrat
eurjpy short resultseurjpy short results targets 1 done 30% LEVX 100 6% LEV X 20 💎Please don't be greedy ENTRY : yellow point TP : blue lines SL : below red line for LONG position above red line for SHORT position ⛔️INSTRUCTIONS 1: Please respect the yellow entry point, otherwise you risk entering too early before my strategy or too far, thus reducing gains and aggravating losses in the event of a stop loss ⛔️INSTRUCTIONS 2: For risk and money management: 5% of your wallet for LEV X ≤20 And 3% of your wallet for LEV X ≥ 20
Short
by RODDYTRADING
Weekly CLS from HTF FVG, Model 2 from OBWeekly CLS from HTF FVG, Model 2 from OB. you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
Short
by Dave-Hunter
2
EUR/USD Downward Pressure: What’s Fueling the USD Rally?The EUR/USD currency pair kicked off the week on a negative trend, dipping below the 1.0500 threshold and reaching around 1.0460 on Monday. As I write this piece, the pair appears to be stabilizing, trading close to 1.05250 in early Tuesday’s London session. According to the latest Commitment of Traders (COT) report, retail traders have been increasing their long positions, while non-commercial players maintain a bearish stance. This divergence hints at the potential for further downward movement in the pair. A cautious market sentiment has fortified the US Dollar (USD) against its competitors, putting additional pressure on the EUR/USD pair. Compounding these challenges for the Euro are the political uncertainties in France. Reports indicate that the government is on the verge of collapse after both far-right and left-wing factions introduced no-confidence motions against Prime Minister Michel Barnier, as stated by Reuters. Moreover, the differing monetary policies of the Federal Reserve (Fed) and the European Central Bank (ECB) continue to impede any upward momentum for the euro. Attention today is directed toward the US Job Openings and Labor Turnover Survey (JOLTs) and speeches from Federal Reserve officials. An increase in job openings could further strengthen the USD and the DXY index against other currencies. Currently, we are observing market movements without planning to initiate any trades, wanting to assess potential price levels before considering future positions. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
by FOREXN1
4
AUD/USD Declines as RBA Holds Interest Rates SteadyThe AUD/USD pair is experiencing continued downward pressure following the Reserve Bank of Australia's (RBA) decision to hold the Official Cash Rate (OCR) steady at 4.35% during its final policy meeting of the year. RBA Governor Michele Bullock articulated this choice at a press conference, highlighting that the interest rate has remained at this 12-year high for nine consecutive meetings in December. Currently, the price is trading around 0.6395, reflecting this bearish trend. Market participants are keenly awaiting key economic data, including the upcoming US Consumer Price Index (CPI) announcement and Thursday's unemployment claims, along with the Core Producer Price Index (PPI). These reports are anticipated to introduce considerable volatility into the market. Should favorable economic indicators emerge for the USD, the AUD/USD could potentially approach the next demand zone. At this time, we are not looking to initiate any positions but rather to monitor the price movement and await a possible reach toward that demand area. ✅ Please share your thoughts about AUD/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD Stagnates Near 1.0500: All Eyes on the Federal ReserveThe EUR/USD currency pair is currently consolidating within a narrow range, lingering around the 1.0500 to 1.0490 levels. As investors turn their attention to the upcoming Federal Reserve policy meeting, market sentiment remains cautious yet focused. Today's scheduled announcement regarding the US Federal Funds Rate, along with the subsequent FOMC statement and press conference, could further bolster the US dollar. Expectations are leaning toward a 25 basis point reduction in interest rates by the Fed. However, it is anticipated that the central bank will accompany this cut with somewhat hawkish commentary regarding future policy guidance. Such remarks could indicate that despite the rate cut, the Fed remains vigilant about economic conditions and inflation pressures. This meeting represents a crucial moment for market participants, as it could usher in significant volatility, particularly ahead of tomorrow's Unemployment Claims report. As traders assess these economic indicators, they are likely to position themselves accordingly, especially if the data reflects a robust labor market. Given the current landscape, our outlook for the euro remains bearish as the dollar shows a tendency to strengthen. The pressure on the eurozone continues to mount amid various economic challenges, making it difficult for the euro to gain traction against its US counterpart. As we navigate this period of uncertainty, traders are advised to keep a close eye on the developments from the Federal Reserve, as well as any shifting dynamics in the broader economic context. The next few sessions could prove pivotal for both currencies, influencing the short-term trading strategies of many market participants. We expect the dollar to maintain its upward trajectory, while the euro may struggle to hold its ground. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
1
EUR/USD: Euro Under Pressure, the Impact of Future Rate cutsThe EUR/USD currency pair began its London session with a promising bullish impulse. Initially, it appeared that the euro was gaining traction as investors showed renewed interest. However, this optimism was short-lived as the European Central Bank (ECB) officials signaled support for further interest rate cuts, leading to a swift reversal of intraday gains. Market analysts expect the ECB to implement a substantial interest rate reduction of around 100 basis points in the upcoming year. This prospective easing of monetary policy has raised concerns among investors, prompting them to reevaluate their positions in the euro. As the sentiment shifts, market participants are paying close attention to the ECB’s next moves and how they will impact the euro's valuation. In addition to developments from the ECB, investors are also focused on the Federal Reserve's dot plot, which will provide insights into future interest rate projections in the United States. As the Fed navigates its monetary policy landscape, any signals of tightening could play a significant role in influencing global currency movements, particularly with the euro in the spotlight. The Current State of the Euro As I write this article, the euro has surrendered its intraday gains and is trading around the critical psychological level of 1.0490. This decline reflects strong bearish pressure currently weighing on the currency. From a technical analysis perspective, the trends suggest a sustained downturn, raising questions about the euro's ability to regain its footing. Looking back over the past decade, seasonality data reveals a generally bullish trend for the euro during this period. However, the recent political climate, particularly the election of President Trump, has fortified the DXY’s (U.S. Dollar Index) upward momentum. This unexpected resilience of the dollar adds another layer of complexity to the euro’s outlook. With a target price established at 1.0350 for the euro, market analysts see potential for further declines. If the euro approaches this level, it could prompt a reaction from traders. However, at this juncture, the sentiment indicates little chance for a significant reversal in direction. The coming weeks will be critical as both European and U.S. economic data continue to unfold, shaping the trajectory of the EUR/USD pair. In conclusion, while the EUR/USD pair started on a bullish note, the recent signals from the ECB and the prevailing market sentiment point toward a challenging environment for the euro in the short term. Traders will need to navigate carefully as they weigh the implications of interest rate cuts and geopolitical developments in their strategies. ✅ Please share your thoughts about EUR/USD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Short
by FOREXN1
4
EURUSD - Ready For A Bearish Breakout?The EUR/USD pair is currently hovering near the lower end of a consolidation range observed over the past few days. The price is showing indecision as it fluctuates between key levels of support and resistance, with sellers appearing to exert more pressure as indicated by the negative Cumulative Volume Delta. Key Levels: Resistance: The pair has a key resistance zone at 1.0560, which has capped upward moves in recent sessions. Beyond this, stronger resistance lies around 1.0680, marking the upper boundary of the recent trading range. This might be a possible zone for re-entries into short positions. Support: On the downside, 1.0455 is acting as a critical support level. This zone has been tested multiple times but continues to hold, suggesting that buyers are stepping in around these levels to prevent further declines. Price Action: The pair is currently trading within a tight range between 1.0455 and 1.0560. There is no clear directional momentum at the moment, and the pair may continue to consolidate in this zone in the short term. However, repeated tests of the 1.0455 support level suggest that bearish pressure is building. Outlook: A break below the 1.0455 support could open the door for a move toward the next significant support at 1.0350. On the other hand, if the bulls manage to push the price above the resistance at 1.0560, it could trigger a rally toward the higher resistance zone around 1.0680.
Short
by Ochlokrat