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USD/JPY(20250604)Today's AnalysisMarket news: Fed Logan: We should focus on achieving the 2% inflation target rather than trying to make up for past inflation shortfalls; Bostic: We still think there may be a rate cut this year. Technical analysis: Today's buying and selling boundaries: 143.47 Support and resistance levels: 145.19 144.55 144.13 142.81 142.39 141.75 Trading strategy: If the price breaks through 144.13, consider buying in, with the first target price of 144.55 If the price breaks through 143.47, consider selling in, with the first target price of 142.81
Short
by NuggetsWarriors
1
What Is the Hanging Man Candlestick Pattern: Meaning & Trading?What Is the Hanging Man Candlestick Pattern, and How Can You Trade It? In the world of technical analysis, candlestick patterns play a vital role in helping traders decipher market trends and potential reversals. Among the many setups, the hanging man holds particular significance. This distinctive formation captures traders' attention as it often serves as a warning sign of a possible trend reversal. This article will go through the technical analysis of the hanging man formation and explain how traders can trade with it. What Is a Hanging Man Pattern? The hanging man candlestick pattern is characterised by a small body near the top of the candlestick, a long lower shadow, and little to no upper shadow. It resembles a figure hanging from its head, hence the name "Hanging Man." Psychology Behind the Hanging Man The psychology behind the hanging man candlestick pattern reflects a shift in market sentiment. After a sustained uptrend, the appearance of this pattern indicates that buyers are losing momentum. The long lower shadow shows that sellers were able to push prices down significantly during the trading session. Although buyers managed to drive prices back up, the close near the open price suggests weakening bullish sentiment. This pattern signals that selling pressure is increasing, potentially leading to a bearish reversal as confidence among buyers diminishes. The hanging man is a versatile formation that can be applied across a wide range of financial instruments, including stocks, cryptocurrencies*, ETFs, indices, and forex, on different timeframes. Identifying a Hanging Man Candlestick on Trading Charts To spot a hanging man pattern in stocks and other financial instruments, you may follow these key steps: Look for an existing uptrend: Start by identifying a prevailing upward price movement on the chart. Locate a candlestick with specific characteristics: Search for a candlestick with a small body near the top, a long lower shadow, and little to no upper shadow. This formation resembles a figure hanging from its head. The colour of the candle doesn’t matter, but if it’s bearish, the signal is stronger. Consider supporting indicators: Utilise other technical indicators or oscillators to further validate the potential reversal. These can include trendlines, moving averages, or momentum indicators that align with the bearish interpretation. Note that there is no such thing as an inverted hanging man candlestick or a bullish hanging man candlestick pattern. Trading the Hanging Man Pattern Those trading the hanging man reversal pattern need to apply a systematic approach in order to increase the likelihood of successful trades. Here are a few steps traders usually follow to trade this pattern: - Identification: Identify the setup by using the steps mentioned above. - Look for confirmation signals: The setup alone is not sufficient for making trading decisions. Seek additional confirmation through subsequent candlestick patterns or technical indicators. This can include bearish candlestick patterns (e.g. bearish engulfing or shooting star), a breach of support levels, or the convergence of other indicators signalling a potential reversal. - Define your entry point: An entry point can be either when the next candlestick confirms the bearish sentiment or when the price breaches a significant support level. - Consider risk management: Assess the risk-reward ratio of the trade and ensure it aligns with your risk tolerance. For efficient risk management, you may adjust your position size accordingly. Risk management tools like position sizing, setting stop-loss orders, and diversification may help protect your capital. You may set a stop-loss order above the hanging man pattern to limit potential losses if the trade goes against you. - Identify profit targets: The candlestick itself doesn't provide specific targets. Traders can identify profit targets by looking at previous support levels, Fibonacci retracement levels, or other technical analysis tools like moving averages or pivot points. - Monitor the trade: Keep a close eye on your position as it progresses. Pay attention to any changes in market conditions or additional signals that may invalidate the trade. - Learn from outcomes: Regardless of the outcome of the trade, analyse it afterwards to identify areas for improvement. Assess whether the setup provided accurate signals and identify any factors that may have affected its success. This analysis will help refine your trading strategy over time. Live Market Example Consider the example of a hanging man on the forex USDJPY pair. An entry is placed on the next bearish candlestick with a stop loss just above the hanging man. The take profit order is at the next level of support marked by the orange line. Limitations of the Hanging Man Candlestick The hanging man candlestick pattern, while useful, has certain limitations that traders need to consider: - False Signals: The hanging man can produce false signals, especially in volatile markets where price movements are erratic. - Market Context: The effectiveness of the pattern varies depending on the broader market context and prevailing trends. - Timeframe Sensitivity: Its reliability can differ across various timeframes; what works on a daily chart may not be as effective on an intraday chart. - Not Standalone: It should not be used in isolation but as part of a comprehensive trading strategy that includes other indicators and risk management tools. Comparing the Hanging Man to Similar Candles Understanding how the hanging man pattern differs from similar candlestick patterns helps in accurate technical analysis. Here's a brief comparison of the hanging man with related patterns. What Is the Difference Between a Hanging Man and a Hammer? Both have the same candle structure. However, the hanging man candlestick occurs in an uptrend and signals a potential bearish reversal, while the hammer occurs in a downtrend, indicating a potential bullish reversal. Interestingly, it is possible to see a hanging man candlestick in a downtrend, often as part of a bullish retracement. Both candles require confirmation from subsequent price movements. They should be analysed within the context of the overall market trend and other technical indicators. What Is the Difference Between a Pin Bar and a Hanging Man? A pin bar and a hanging man are both single-candlestick patterns with small bodies and long shadows, but they serve different purposes in technical analysis. The pin bar has a small body and a long tail, indicating a reversal, but it can appear in any market condition. Its long tail shows a strong rejection of a certain price level, with the body pointing in the direction of the anticipated reversal. The hanging man, however, specifically occurs after an uptrend and signals a potential bearish reversal, characterised by a small body at the top and a long lower shadow, indicating selling pressure. What Is the Difference Between a Shooting Star and a Hanging Man Candlestick? The shooting star and the hanging man are both bearish reversal patterns, but they differ in their appearance and context. A shooting star occurs after an uptrend and features a small body at the bottom with a long upper shadow, indicating that the price was pushed up significantly but fell back down, showing strong selling pressure. The hanging man also appears after an uptrend but has a small body at the top with a long lower shadow, suggesting that sellers dominated the session despite an initial push by buyers. Both require confirmation from subsequent candlesticks to validate the reversal. Final Thoughts While the hanging man alone is insufficient for making trading decisions, it serves as a warning signal that buyers may be losing control and that selling pressure could increase. Traders seek additional confirmation through subsequent candlestick patterns, support and resistance levels, and other technical indicators to validate the potential reversal. By understanding the implications of the setup within the broader market context and employing proper risk management strategies, traders can enhance their decision-making process and improve their chances of identifying different trading opportunities. FAQ What Does the Hanging Man Pattern Indicate? The hanging man trading pattern in technical analysis typically indicates a potential trend reversal in an uptrend. It suggests that the buyers, who have been driving the market higher, are losing control, and the selling pressure may increase. The hanging man is represented by a small body near the top of the candlestick, a long lower shadow, and little to no upper shadow. It resembles a figure hanging by the neck. This visual representation conveys the potential bearish sentiment. Can a Hanging Man Candle Be Bullish? No, there is no such thing as a bullish hanging man candlestick pattern. The bearish hanging man pattern indicates a potential trend reversal from an uptrend to a downtrend. Is the Hanging Man Pattern Reliable? The reliability of the formation, like any candlestick pattern, can vary depending on several factors. While the setup is widely recognised and considered a potential bearish reversal signal, it should not be relied upon as the sole basis for trading decisions. It is crucial to consider other factors and confirmation signals to increase its reliability. What Is the Confirmation Candle for the Hanging Man? A confirmation candle for the hanging man is a bearish candlestick that follows the pattern, confirming the reversal. This can include a bearish engulfing candle or a candlestick closing well below the hanging man's body, indicating increased selling pressure. Is the Hanging Man Pattern Bearish? Yes, it is generally considered a bearish pattern in technical analysis. It is formed when the price’s open or close is near or at its high, there is a significant decline during the trading session, and it closes not far from the opening price. The pattern resembles a hanging man with his legs dangling. *Important: At FXOpen UK, Cryptocurrency trading via CFDs is only available to our Professional clients. They are not available for trading by Retail clients. To find out more information about how this may affect you, please get in touch with our team. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
Education
by FXOpen
1
USDJPY M15 I Bullish Bounce Based on the M15 chart analysis, the price is falling toward our buy entry level at 142.69, a pullback support that aligns with the 61.8% Fibonacci retracement. Our take profit is set at 143.31, a pullback resistance. The stop loss is placed at 142.53, a pullback support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd (tradu.com ): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Global LLC (tradu.com ): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to Tradu (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of Tradu and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of Tradu or any form of personal or investment advice. Tradu neither endorses nor guarantees offerings of third-party speakers, nor is Tradu responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by Tradu
1
USD/JPY Analysis: Bears Put Pressure on Key SupportUSD/JPY Analysis: Bears Put Pressure on Key Support As shown on the USD/JPY chart, the pair is hovering near key support at ¥142.50 per US dollar. While demand was strong enough at the end of May to lift the exchange rate from this level to a peak around ¥146.00, USD/JPY has once again retreated to the ¥142.50 area. Why has USD/JPY declined? On one hand, the US dollar has weakened following disappointing economic data released yesterday. The figures revealed a sharp slowdown in private sector hiring and an unexpected contraction in the US services sector, fuelling concerns over a possible recession. On the other hand, yen strength is being driven by the Bank of Japan's apparent willingness to raise interest rates — reaffirmed on Tuesday by Governor Kazuo Ueda — which has reinforced expectations of a tightening cycle. USD/JPY Technical Analysis In early June, the ¥142.50 level had already shown its role as support (as indicated by the arrow), but it is once again under pressure — a sign of bearish dominance. Yesterday, sellers broke through local support at ¥143.57, which may now act as resistance. More US economic data is due on Friday, with key labour market figures set to be released at 15:30 GMT+3. These could potentially trigger a bearish attempt to break below the ¥142.50 level on the USD/JPY chart. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
June 4th Update Reports: ISM Non-Manufacturing Purchasing Managers' Index (PMI) This is a monthly report by the institute for Supply Management (ISM) Basically, provides a look into economic health of the U.S services sector, which includes industries such as finance, healthcare, retail, and professional services. The four key subcomponents are Business activity, new orders, employment, and supplier deliveries. We are looking for a score over 50 which represents expansion in the services sector, and you guessed it below 50 indicates contraction. The last report was 51.6 up from 50.8 in March that shows modest expansion in services sector. How does it relate to USD/JPY: This significantly influences this currency pair due to it being a leading indicator of U.S. economic health A score above 51.6 would show more expansion the forecast is currently 52 there is a possibility this could make the dollar more attractive to investors compared to yen and increase price. Why? If yields on U.S. Treasuries increase, it could make the dollar more attractive to investors compared to yen A score above 50 but lower than 51.6 concerns me Targets: Buy: 144.780 (open and close above) Sell: 143.655 (open and close below) If you took the call from yesterday and are still in trade, be sure to protect your position anything can happen, and we want to lock in profits.
by OrangeSodaOfficial
2
Market next move 🔄 Disruptive Bullish Scenario Analysis 1. Oversold Conditions & Possible Reversal The current price at 143.028 shows an aggressive drop. This could indicate the pair is entering oversold territory on lower timeframes (not visible here but common post-drop). If confirmed with RSI or stochastic indicators, a reversal or retracement could be imminent before reaching the 141.000 target. 2. Demand Zone at 142.500–142.000 Historically, this area (near 142.5–142.0) may act as a support zone. Buyers could step in here, especially if fundamentals (e.g., U.S. data releases or BOJ comments) support dollar strength. 3. Volume Divergence Declining selling volume despite price falling (visible from lower red bars) may hint at weakening bearish momentum. This divergence often precedes a bullish correction or range formation. 4. False Breakdown Possibility The sharp projection to 141.000 could trigger stop hunts. After trapping breakout sellers, price may sharply rebound to retest 143.500–144.000 zones.
Long
by Gold_Free_Signals
1
USD/JPY) bullish choch Analysis Read The ChaptianSMC trading point update Technical analysis of USD/JPY presents a bullish outlook with Smart Money Concepts (SMC)-based logic. Here's a breakdown of the idea and key elements: --- Chart Summary Current Market Context Price: ~144.05 EMA 200: Acting as dynamic resistance at 144.19 Trendline: Broken, signaling a potential shift in market structure Change of Character (ChoCh): Confirmed around 143.3, marking a bullish transition --- Key Zones Identified 1. Support Level (Strong Demand Zone) Around 141.8–142.5 Marked by historical rejections Possible mitigation of unfilled orders here 2. Fair Value Gap (FVG) Between 143.0–143.8 Price may return to fill this imbalance before rising --- Projected Move Price is expected to: 1. Dip into the FVG or Support Zone to mitigate imbalance 2. Reverse and make a bullish rally 3. Reach the target point near 148.68 (approx. +4.55%) --- RSI Analysis (14-period) Current RSI: ~49 (neutral) No overbought/oversold condition Room for upside momentum --- Notable Features Break of structure (ChoCh) → Bullish signal EMA crossover potential → Bullish confluence Multiple FVG fills + support reaction → Entry confirmation opportunities Economic events marked → Be cautious of volatility spikes Mr SMC Trading point --- Trading Idea Summary Buy Entry Zone: 141.8–143.0 (support or FVG) Stop Loss: Below 141.5 Target: 148.68 Risk/Reward: Favorable (approx. 1:3+) Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
1
USD/JPY) Bullish reversal analysis Read The ChaptianMr SMC Trading point update Technical analysis for the USD/JPY (U.S. Dollar / Japanese Yen) on the 4-hour timeframe. Here's a detailed breakdown of the idea and strategy: --- Key Components of the Chart: 1. Strong Support Zone: The yellow zone is labeled as a “big support level of pullback”, around the 142.00 – 141.20 range. Price has historically bounced from this zone, suggesting demand and buyer interest. 2. Bullish Structure Setup: Price is forming a double bottom or potential reversal pattern in the support zone. A downtrend line is clearly marked, and a break above this trendline would signal bullish continuation. 3. EMA 200 (at 145.020): The EMA is currently acting as dynamic resistance. A breakout above the EMA would confirm further bullish momentum. 4. RSI Indicator: RSI is currently below 30, indicating the market is oversold – a common precursor to a bullish reversal. 5. Target Levels: Target 1: 145.803 – likely the first resistance level or EMA retest. Target 2: 148.587 – a prior high and strong resistance area. 6. Projection: Price is expected to bounce from support, break the trendline, retest, and then rally to higher levels. --- Trade Idea Summary: Bias: Bullish Entry Zone: Near 142.00 – 141.20 (support zone) Confirmation: Break above the descending trendline + bullish RSI divergence Targets: TP1: 145.803 TP2: 148.587 Invalidation: Break and close below 141.00 (support zone broken) Mr SMC Trading point --- Risk Management Suggestion: Use a tight stop-loss below the support zone, considering it's the key reversal area. Also, keep an eye on fundamental factors such as U.S. and Japan interest rate decisions or key economic events (indicated by the icons on the chart). Pales support boost 🚀 analysis follow)
Long
by SMC-Trading-Point
10
USDJPY has breakout the descending channel bullish strong nowFX:USDJPY Alert – Bullish Breakout in Play! 1H Timeframe | Descending Channel Breakout 📈 Entry: 144.300 🎯 Target 1: 146.000 (Key Resistance) 🛡️ Stop Loss: 142.700 (Demand Zone / Bullish OB) After a clean breakout above the descending channel, USDJPY is showing strong bullish momentum. Price action confirms a potential move toward the next resistance level. 🔍 Technicals are lining up. Risk managed. Eyes on the prize. ✨ Like, Follow, Comment & Join us for more real-time setups and updates! 📊 Let’s trade smart. Let’s trade together. #USDJPY #ForexTrading #BreakoutSetup #TechnicalAnalysis #LiviaTrades 😜📉📈
Long
by LIVIATRACK
4
Bullish bounce off pullback support?USD/JPY has bounced off the support level which is a pullback support that lines up with the 61.8% Fibonacci projection and could rise from this level to our take profit. Entry: 142.27 Why we like it: There is a pullback support level that lines up with the 61.8% Fibonacci projection. Stop loss: 141.62 Why we like it: There is a pullback support level. Take profit: 144.05 Why we like it: There is a pullback resistance that lines up with the 38.25 fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Long
by VantageMarkets
Buying Yen against the DollarI first mentioned briefly about this pair here and safety assets here which I got it right in the rough direction. I have been stopped out several times for this volatile pair but the losses taught me something. If we look at this line chart closely, we can see that it took only 2 months from July 2024 to Sept 2024 to fall from a peak of 161 to 140. If you missed this opportunity, the second time was 158 on 8 Jan 2025 and fell to 140 on 22 Apr 2025 (3 months). The green bullish trend line is KEY , if the price action fails to hold above this line, then there are several profit targets for you as shown on chart. Since I have not shorted at the peak of 161 or 158 , then looking back on hindsight serves no benefits but the fall from current price to 127 is equally rewarding. I will be shorting in tranches of 1 - 3 contracts to capture my winners instead of taking profits at those levels and shorting at lower price each time and get stopped out due to retracement. Price action will not move in a linear fashion like the arrows I drew (fat hope, haha). So , do adjust your SL slightly wider and manage your own risk capital. Again, this is a much volatile pair and may not suit those with lower risk tolerance. Trade what you can afford to lose.
Short
by dchua1969