JPYUSD trade ideas
USDJPY - Sell Stop- Bearish Divergence
- Resistance at the current point
- Chart pattern shows the trend lasts 1000 pips and changes direction
- DXY has been very bullish on daily TF, it needs to make higher low.
- Break of a trend line.
USDJPY → Attempting a trend change. Retest 149.0FX:USDJPY is testing range resistance in the rally phase caused by Friday's news - strong NFP report. The fundamental backdrop within the short-to-medium term is set...
From the opening of the session a small correction is forming, the aim of which may be a retest of the support or imbalance zone and consolidation of energy before a further breakout. The market structure is locally bullish on the background of the dollar growth. The Japanese authorities are still silent about their actions to strengthen the national currency (either they think about it or don't think about it :) ), so traders are increasing JPY sales in order to buy USD.
The first retest of the resistance at 149.4 failed (bounce). Emphasis on 0.5 fibo or 147.2 support from which the growth may resume...
Resistance levels: 147.38
Support levels: 147.5, 147.2, 146.15
On the chart there are preconditions for the change of the local trend to a bullish one, the fundamental background is favorable for this. If the bulls will keep the defense above the support and continue to test the resistance with a breakdown target, then in the short-term-senior perspective we can catch the forging of the impulse to 152.0.
Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;)
Regards R. Linda!
Could USD/JPY see a reversal soon?The USD/JPY pair has shown a strong upward movement over the past four weeks, rising from 140 after reaching a low of 135. While this appears to be a corrective wave, it is anticipated that the pair could continue its ascent towards a potential peak in the range of 152.8 to 155. However, after reaching these levels, a gradual decline is expected, with a potential target of 126 within the next six months.
It is important to highlight the elevated risks associated with this outlook, particularly due to the upcoming U.S. elections. A potential victory by Donald Trump may lead to a bearish shift in the USD/JPY pair, as market sentiment could react negatively to his anticipated economic policies. Additionally, geopolitical tensions remain a significant factor, adding further volatility and increasing the likelihood of a reversal in the current trend.
The yen is losing strength due to the strong dollar.
The dollar continues to strengthen as a result of the robust US economy. Conversely, the yen's value is deteriorating due to uncertainty surrounding the BoJ's interest rate policy and the dovish stance of committee members. Last week's release of US September retail sales and unemployment claims data reaffirmed US’ strong spending power and solid job market conditions, eliminating any possibility of a 50bp cut. Fed Director Christopher Waller stressed the importance of exercising caution regarding additional rate cuts as the US economy continues to perform at a satisfactory level without any recession concerns.
USDJPY rose sharply to 152.30 following a rebound at EMA78. The price sustains an uptrend within the ascending channel, indicating a bullish momentum. If USDJPY breaches the channel’s upper bound and the resistance at 153.70, the price may gain upward momentum toward 157.00. Conversely, if USDJPY breaks the support at 151.00, the price may fall further to 148.50, where both EMAs coincide.
USDJPY short Idearisky trade but will play this London Killzone they took the previous high will watch to see if they push for the reversal
This is not financial advice
Happy trading
IAM
USD/JPY Structure Analysis - Bullish OutlookUSD/JPY Structure Analysis - Bullish Outlook
Today, I'll share the USD/JPY structure analysis.
On October 4th, the price broke through the first and strongest resistance area near 147.20. After an increase of nearly 200 pips, it encountered another strong resistance zone near 149.25, which held the price for about three weeks.
Currently, USD/JPY has broken through this strong zone near 149.25.
Given that USD/JPY is holding well also above the second zone, the odds are rising that it may continue to increase in the coming days or weeks.
The first target is the resistance zone near 152.00, followed by the second target near 154.70.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
usdjpy long resultsusdjpy
long
targets 1 2 3 4 done
all targets done
155% levx 100
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usd jpyusd jpy doing its thing, as we predicted going into the London session.
current price is 152.064
as Alex says `` set and forget`` i have my take profits at
entree was at 151.633
152.500
153.000
USDJPYusd jpy the way the overall trend is moving I see a potential uptrend to the 155 ish range.
lets keep this momentum going on the charts
Bearish reversal?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support.
Pivot: 152.59
1st Support: 150.36
1st Resistance: 154.71
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USDJPY ready to solve H&S
🚨 USD/JPY Technical Outlook 🚨
- Price nearing a key resistance at **152.00** 📊
- Possible rejection could send the pair lower to:
- **145.54** 📉
- **139.71** 📉
- **131.98** 🛑 (Major support)
Multiple bearish signals on indicators 📉—reversal might be ahead! Watch closely for potential short setups.
#forex #USDJPY #technicalanalysis #forextrading #tradingview #bearish #forexsignals
USD/JPY Technical Outlook - Multiple bearish signals on indicato🚨 USD/JPY Technical Outlook 🚨
- Price nearing a key resistance at 152.00 📊
- Possible rejection could send the pair lower to:
- 145.54 📉
- 139.71 📉
- 131.98 🛑 (Major support)
Multiple bearish signals on indicators 📉—reversal might be ahead! Watch closely for potential short setups.
#forex #USDJPY #technicalanalysis #forextrading #tradingview #bearish #forexsignals
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USD/JPY Weekly Chart Analysis:
- The pair is currently at a critical level near 152.00.
- Key resistance at 152.00 could lead to a rejection, with downside targets at:
- 145.54 (first target)
- 139.71 (second target)
- 131.98 (long-term support)
- Indicators show multiple bearish signals, suggesting potential reversals.
Stay cautious of volatility around these levels.
#forex #USDJPY #technicalanalysis #trading #forexsignals
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USDJPY with two probabilities for 10/23/2024USDJPY with a high probability to make the decision for 10/23/2024 ✅️ :
🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss.
🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
USDJPY / UNDER DOWNWARD PRESSURE / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Accumulation Phase, After breaking out of a straight channel, the price of USD/JPY has entered an accumulation zone, meaning it’s trading in a range without a clear trend. The range is defined between 150.350 and 147.152 .
Range Breakout ,The direction of the next major move will be determined by whether the price breaks above 150.350 or below 147.152. Breaking out of this range on either side will signal the market’s direction.
Downward Pressure , The overall sentiment seems bearish, indicating the price is trading under downward pressure. However, it is still within an accumulation phase.
Fair Value Gap (FVG), The analysis suggests that the price might try to move towards the FVG, located between 150.979 and 152.746, before any potential decline. If the price breaks through this FVG zone, it will confirm an upward trend
Demand Zone, There’s a key demand zone between 146.786 and 145.982. If this zone is broken, it will confirm a downtrend and likely signal further bearish movement.
FVG : 150.979 and 152.746.
Demand Zone : 146.786 and 145.982.
Accumulation Zone : 150.350 and 147.152.
USDJPYWe expect an increase in the dollar against the yen, and we wait for it to rise for the area that we have specified for selling and selling in the area
#USDJPY #H4 #USDJPY #H4 Update 💹
After tapping into our suggested zone, price has made a strong recovery of over 150 pips! 🚀
🔍 What I'm anticipating next:
There’s a chance price could revisit the same demand zone again. If we see rejection from this area (148.90-148.35), it could present another great opportunity to re-enter for a buy. However, keep in mind that this zone has already been tested twice. ⚠️
If this time the zone fails to hold and we get a confirmed bearish H4 candle close, we could see a significant sell-off in #USDJPY till 146 🔻
#StayVigilant #TradeCarefully #TechnicalAnalysis
New York Session Recap - USDJPYTook 1 trade on USDJPY - H8 Breakout Continuation Setup. In this video I go over why I took the trade and what else I was looking at.
USDJPY Bullish Likely, but with potential short-term retracementThe overall structure of the USD/JPY pair is bullish, with strong support from the Ichimoku cloud, ascending trendlines, and bullish continuation patterns.
The price is currently approaching a key resistance zone around 151.25 - 151.80. A break above this level would confirm the continuation of the uptrend, with targets around 152.00.
If the price fails to break resistance, a retracement towards 150.28 or deeper towards 149.00 could offer buying opportunities in line with the overall bullish momentum.
USDJPY - 4hrs ( buy Trade Target Range 240 PIP ) 🟢 Pair Name : USD/JPY
Time Frame : 4hrs Chart / Close
Scale Type : Large Scale
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🟢 Key Technical / Direction ( Long ) Break Out Done
Type : Mid Term Swing
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Bullish Break
151.000 Area
Reasons
- Major Turn level
- Visible range Lvn
- Pattern Break
- Daily / weekly high
- Fibo Golden
Bearish Reversal
153.850 Area
Reasons
- Major Turn level / D
- Visible Range Hvn
- Fibo Golden
- Year High Area
- Choch / Inner
