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USD/JPY - Breakdown Confirmation & Potential DeclineUSD/JPY - Breakdown Confirmation & Potential Decline Chart Overview: The USD/JPY price action has broken down from a previously established ascending channel. A lower high formation suggests weakening bullish momentum, indicating a potential continuation of the downtrend. The key support zones are marked below, with the price likely to move towards these levels if bearish momentum persists. Technical Analysis: Breakdown Zone: The price has breached the lower trendline of the ascending channel, confirming a bearish breakdown. Resistance Levels: The price faces resistance around 0.0067786 - 0.0068488. Support Targets: Possible downside targets at 0.0066848, 0.0066012, and 0.0065720. Bearish Confirmation: A retest of the breakdown level followed by rejection strengthens the bearish outlook. Trade Consideration: Bearish Bias: A short position could be considered if the price fails to reclaim the broken trendline. Stop Loss: Above the breakdown zone to avoid potential fakeouts. Target Levels: Lower support zones for potential take-profit areas. Conclusion: The breakdown from the rising channel suggests a shift in market sentiment, with a bearish move likely. Traders should monitor price action for further confirmations.
Short
by PIPsOptimizer
JPY/USD Breakout from Falling Channel – Bullish Trading SetupOverview of the Chart: The Japanese Yen (JPY) against the U.S. Dollar (USD) 1-hour chart showcases a well-defined market structure, transitioning from a downtrend within a falling channel to a breakout with bullish momentum. The chart highlights critical support and resistance levels, a confirmed breakout, and a forecasted price movement that could indicate further bullish continuation. This analysis will break down the chart patterns, technical indicators, and potential trade setups, providing a professional outlook on price action behavior. Technical Breakdown of the Chart 1. Falling Channel Pattern – Downtrend Phase The price had been trading within a descending channel, marked by two parallel trendlines (blue lines), indicating a controlled downtrend. A falling channel is a bullish reversal pattern, as it signals that bearish momentum is weakening. Within the channel, price action consistently created lower highs and lower lows, adhering to the structure of the pattern. The red dashed trendline inside the channel acted as a dynamic resistance, rejecting price movements multiple times before the breakout. 📌 Key Observation: The falling channel pattern suggests accumulation, where selling pressure gradually diminishes, paving the way for a bullish reversal. 2. Support Zone & Bullish Breakout The price eventually reached a strong horizontal support level (highlighted blue zone at the bottom), which acted as a critical demand area. This support level had previously led to strong rebounds, making it a significant zone for potential reversals. Bullish breakout confirmation: A strong bullish candle closed above the upper boundary of the channel, breaking the trendline resistance. The breakout suggests a shift in market structure from a downtrend to an uptrend, as buyers regained control. The price has now moved above the previous resistance, confirming the bullish momentum. 📌 Key Takeaway: The breakout is a strong signal that sellers have lost control, and a potential bullish trend could emerge. 3. Resistance Zone – Key Barrier for Buyers The next area of interest is the resistance level (highlighted in a blue rectangular zone). This level has historically acted as a strong supply zone, where price previously struggled to break through. If the price manages to sustain above this level, it would confirm bullish continuation toward higher price targets. 📌 Technical View: If buyers break past this resistance, it could lead to a strong bullish rally, reinforcing the new uptrend. 4. Target Projection & Forecasted Price Movement The chart outlines a forecasted bullish path using a zigzag projection (black lines). Here’s the expected price action: Short-Term Movement: Price might face temporary resistance near the blue resistance zone. A minor pullback or consolidation in this area is expected before further movement. Retest of Support: If price pulls back, it could retest the broken channel resistance or the support zone. A successful retest and bounce would validate the strength of the breakout. Bullish Continuation: If the resistance zone is broken, price is likely to continue toward the target level of 0.006842, a previous swing high. This level acts as the final upside target based on historical resistance levels. 📌 Key Insight: The market structure suggests that price will follow a higher-high, higher-low pattern, which is characteristic of an uptrend.
Long
by GoldMasterTrades
USDJPYKey Levels: Support Levels: 147.710 – First support zone (potential buy area). 147.230 – Stronger support level where price may react if it continues downward. Resistance Levels: 149.500 – Key resistance level if the price reverses bullish. Trade Setup: A short position is anticipated with entry after a pullback towards a minor FVG. Take Profit: Near 147.710 or deeper at 147.230. Stop Loss: Likely above the broken trendline or at a key resistance zone (149.500). A long position could be considered at 147.710 or 147.230 if price shows bullish signals.
Long
by Tdawly_Official
USDJPY SHORT - long term downtrend continuationThe white line on the chart is a path drawn from the daily chart, we have had a nice correction to the green line marked on the chart. Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th. If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the trade but for now all signs show a continuation of the downward trend.
Short
by craiguu1z1
Fundamental Market Analysis for March 20, 2025 USDJPYThe Japanese yen (JPY) attracted buyers for the second consecutive day and strengthened to a new one-week high against its US counterpart during the Asian session on Thursday. Expectations that strong wage growth could boost consumer spending and contribute to higher inflation give the Bank of Japan (BoJ) room to raise interest rates further. This has led to a recent sharp narrowing of the rate differential between Japan and other countries, which continues to support the low-yielding yen. In addition, uncertainty over US President Donald Trump's trade policy and its impact on the global economy, as well as geopolitical risks and the political crisis in Turkey, are contributing to inflows into the Yen. The US Dollar (USD), on the other hand, is struggling to gain meaningful momentum amid increased economic uncertainty amid US President Donald Trump's trade tariffs. This, in turn, is weighing on the USD/JPY pair and contributing to the intraday decline. However, interest rate differentials, the Bank of Japan's loose monetary policy, the trade balance differential and global market sentiment put pressure on the Japanese yen. The further direction of the USD/JPY pair lies on the upside. Trading recommendation: BUY 148.400, SL 147.600, TP 150.100
Long
by Fresh-Forexcast2004
USD/JPY Bearish Continuation📉 Trend Analysis: The chart shows a breakdown from an ascending channel, indicating a potential bearish reversal after an extended uptrend. Price has formed a descending channel, reinforcing the short-term bearish structure. 🔍 Key Levels: Sell Zone: Around 0.0066848 - 0.0066919, acting as resistance. First Target: Around 0.006490, a strong support area. Second Target: Around 0.0065692, marking a deeper level of bearish continuation. Final Target: Around 0.0064632, a critical demand zone. 📌 Trade Plan: Look for sell entries on a possible pullback to the resistance zone. Confirmation through rejection candles or continuation patterns could strengthen the bearish case. ⚠ Risk Management: Stop loss above the previous resistance around 0.0067184. Take profits gradually at key support zones.
Short
by PIPsOptimizer
USDJPY UPDATE 19th MARCH 2025The price is currently rising as anticipated. I took partial profits already since price surpassed half of what I expected. I also moved Stoploss to 149.443 to protect the remaining open position just incase. I hope you guys took the trade too. If not, do not panic as the market always gives new opportunities. STAY ALERT REMINDER 1.Never get to confident as the market can always surprise you in ways you can't even imagine, so always use proper risk management. 2. We learn everyday.
Long
by louqmanh
USDJPY Trading strategyThe USDJPY is currently at a critical level, with the price fluctuating around 149.00. The resistance level above is at 150.00, and if broken through, it may further test 151.00. The support level below is at 148.50, and if it falls below, it may drop to 148.00. Recently, the market has been focusing on the monetary policy trends of the Federal Reserve and the Bank of Japan. The strengthening of the US dollar and the weakness of the Japanese yen may push USDJPY higher. USDJPY Trading strategy: buy@148.50-149.00 tp:150.00-150.50-151.00 Traders, if this concept fits your style or you have insights, comment! I'm keen to hear. For those who are seeking professional guidance in trading trend analysis, strategy formulation, and risk management, please click below to get the daily strategy updates.
Long
by JohnGonzalez7
Geopolitical Analysis and Impacts on Currency Markets Hello, my name is Andrea Russo and today I want to talk to you about how recent geopolitical news is impacting the Forex market, analyzing the main currency pairs and providing a detailed technical picture. Current Geopolitical Context This week, the geopolitical landscape has been characterized by a series of significant events. Among them, tensions between the United States and Russia have dominated the scene, with a phone call between Donald Trump and Vladimir Putin that has opened up the possibility of a negotiation in Ukraine. However, the situation on the ground remains critical, with Russian forces advancing in several Ukrainian regions2. Furthermore, uncertainty over gas supplies in Europe has led to significant volatility in energy markets, with the price of gas falling by 3%. Impacts on the Forex Market Geopolitical tensions have had a direct impact on the Forex market, influencing volatility and capital flows. For example: EUR/USD: The pair has been showing a bearish trend, influenced by economic uncertainty in Europe and the strength of the dollar as a safe haven. USD/JPY: The dollar has gained ground against the yen, thanks to the perception of economic stability in the United States. GBP/USD: The British pound has been under pressure due to concerns about economic growth in the United Kingdom. Technical Analysis A technical analysis of the major currency pairs reveals the following trends: EUR/USD: Technical indicators suggest a "sell" position, with key support at 1.0832 and resistance at 1.0862. USD/JPY: The pair is showing "buy" signals, with an uptrend supported by resistance at 148.09. GBP/USD: Indicators are mixed, with resistance at 1.2944 and support at 1.2920. Conclusion Geopolitical dynamics continue to play a crucial role in determining the movements of the Forex market. Investors should carefully monitor global developments and use technical tools to make informed decisions. The current volatility offers opportunities, but also requires careful risk management. I hope this analysis has been useful to you in better understanding the connections between geopolitics and Forex. Stay tuned for more updates!
Education
by Andrea_Russo_SwipeUP
USDJPY EA MAN UPDATE > READ THE CHAPTIAN Key Observations: Resistance Level: The price is testing a key resistance zone around 150.026, where selling pressure could emerge. EMA Confluence: The price is currently above both the 30 EMA (149.639, red) and 200 EMA (149.339, blue), indicating an overall bullish trend. Projected Bearish Move: A rejection from the resistance zone could lead to a pullback towards the 149.117 support level, aligning with the potential short-term bearish scenario. If price fails to break above the resistance and starts forming lower highs, a move towards the target point at 149.117 could unfold.
Short
by EA_GOLD_MAN_COPY_TRADE
JPY/USD – Bullish Breakout After Falling Wedge!Let's take a deep dive into the JPY/USD price action and technical setup on the daily chart. The market has presented us with a falling wedge breakout, a strong bullish reversal signal. This pattern indicates a potential shift from the previous downtrend into an uptrend. 1️⃣ Falling Wedge Pattern – Bullish Reversal Signal The falling wedge is a classic bullish reversal pattern. It forms when price action makes lower highs and lower lows within two converging trendlines. The key characteristic of this pattern is the decreasing selling pressure, leading to a breakout to the upside. We observed a clear breakout from the wedge, indicating bullish momentum. Buyers have stepped in strongly, pushing prices above the resistance zone. This signals a potential trend reversal from bearish to bullish. 2️⃣ Breakout Confirmation & Key Levels Once the price broke above the wedge, it faced a crucial resistance zone (marked in blue on the chart). After breaking this level, it has now turned into support—a strong technical confirmation. Resistance Turned Support: The previous resistance is now acting as support, giving further confidence in the bullish move. Retest Expected: After breakouts, the price often comes back to retest support before continuing higher. If it holds, it’s a good entry opportunity. 3️⃣ Entry, Stop Loss & Take Profit Targets Based on the technical setup, here’s how we can approach this trade: 🔹 Entry: Ideal entry is around the current support zone after a successful retest. 🔹 Stop Loss: Placed below the support level at 0.006574 to minimize risk. 🔹 Take Profit (TP): The target price is set at 0.007126, aligning with the previous swing high. 4️⃣ Trade Outlook & Expected Movement If the price holds above support, we expect a bullish continuation towards the target. A minor pullback is possible before the next move higher. If the price breaks below the support zone, it may invalidate the bullish setup. 📌 Final Thoughts This setup is a high-probability bullish trade, backed by the falling wedge breakout and retest of a key level. However, always manage risk properly and wait for confirmation before entering the trade. What do you think? Do you see further upside, or is this a false breakout? Drop your thoughts below! 👇 #JPYUSD #ForexTrading #TechnicalAnalysis #TradingView #BullishBreakout #ChartPatterns
Long
by GoldMasterTrades