USDJPY on ascending triangle chart patternUSDJPY still on my ascending triangle chart pattern
Let's see if there will be a sell breakout and retest
JPYUSD trade ideas
USDJPY: Back to Bullish Trend?! The USDJPY has started to bounce back after a long period of decline.
There is a clear bullish breakout of an important daily resistance level, which is now acting as a support.
This indicates strong buying pressure. I expect the market to continue its recovery and reach the 152.03 level in the near future.
USD/JPY H4 | Strong bullish uptrendUSD/JPY is trading close to the intersection between an ascending trendline and a pullback support; it could potentially bounce off this level to climb higher.
Buy entry is at 149.39 which is a pullback support that intersects with an ascending trendline.
Stop loss is at 148.30 which is a level that lies underneath a swing-low support.
Take profit is at 150.86 which is a pullback resistance.
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USDJPY 2024.10.15 02:55:04 Trading Signal BUYFrankPro Signal for USDJPY
Type: Screen
Signal: BUY
TP: 150.165
SL: 149.565
Entry Price: 149.64
Flexity Analysis for USDJPY
Forecast Overall(Short-Term, Long-Term): ST=Undecided LT=Strong Up
Forecast Methods(Short-Term, Long-Term):
ST=Same LT=Up
ST=Down LT=Up
ST=Up LT=Up
FlexityIndicator Analysis Method(0)
USD/JPY Price Movement Assessment
Short-term (October 14-18, 2024)
Key Points Expected Price Movement
Support level near 145.85 Possible rebound and growth to above 156.85 if breakout occurs
Current price holding steady above 149.00 Influenced by fresh supply and cautious trading due to geopolitical risks
Struggling to break above 150 yen level Potential volatility ahead
Expected short-term price movement: Stay the same with a possible slight increase to test the resistance area near 151.85.
Long-term
Moving averages indicate a bearish trend
Breakout above resistance area could confirm growth option
US Dollar's sensitivity to recent data releases driving volatility
Fed's data-dependent policy and overall economic outlook influencing pair's movement
Expected long-term price movement: Go up. Potential growth option supported by possible breakout above resistance area and US Dollar's strength. However, bearish trend and uncertainty surrounding BoJ's monetary policy stance may cap the upside.
Result: ST=Same LT=Up
FlexityIndicator Analysis Method(1)
USD/JPY Price Movement Assessment
Short-term (next few days/week)
Expected Price Movement DOWN (with potential rebound)
Key Levels
Support level: 145.85
Breakout level: 135.95 (potential continuation of decline)
Potential Scenarios
Bearish price correction
Upward rebound and continued growth
Long-term (next few weeks/months)
Expected Price Movement UP (with potential for significant growth)
Key Levels
Potential growth above: 156.85
Market Influencers
BoJ's stance on monetary policy
Potential rate hikes (limited upside for Yen)
Please note that these assessments are based on the provided analysis and are subject to change as new market data and events become available.
Result: ST=Down LT=Up
FlexityIndicator Analysis Method(2)
**USD/JPY Price Movement Assessment** **Short-term Outlook (Next Few Days to a Week)**
Expectation Target Levels Risk Factors
Bullish Break above 147.21, testing 149.40 (7-week high) Pullback to 144.97 (9-day EMA) or 143.60 (lower boundary of ascending channel) due to geopolitical tensions and BoJ's monetary policy uncertainty
**Long-term Outlook (Next Few Weeks to Months)**
Expectation Target Levels Influencing Factors
Bullish Rebound from upper border of descending channel, growing to area above 156.85 BoJ's monetary policy stance, geopolitical tensions, US Federal Reserve's interest rate decisions
**Price Movement Expectation**
Short-term: Up (with potential pullbacks to support levels)
Long-term: Up (with potential for further upside momentum)
**Note:** This analysis is based on the provided data and is subject to change as new information becomes available. Let me know if you'd like me to make any adjustments
Result: ST=Up LT=Up
Dollar-yen, aiming for 149 yen: Rising U.S. bond yields and scenAs U.S. bond yields were rising, the dollar and yen were also under upward pressure. Environmental awareness is a range. First of all, the movement aims for 149 yen, which is the center of the range. It is a place where options are also set, so there is a possibility that it will fall by October 24
USD_JPY WILL KEEP GROWING|LONG|
✅USD_JPY broke the key
Horizontal level of 149.000
Which is now a support and
As the pair is now about to
Retest the new support
We will be expecting a
Bullish reaction and a
Further move up
LONG🚀
✅Like and subscribe to never miss a new idea!✅
USDJPYUSDJPY expected to trade back above 150.000. My upside target remains 150.500 intraday. A 100 pip take profit. Enjoy the ride.
FREE PLAY ON U/J buys u/j still bullish creeping up on QP 150.00, has already touched it and is on a little retrace
flowing w/ the market and i see it still going long untill further notice
UJ markupthis was my mark up i had for U.S. dollar / Japanese yen last week
buys-fibonacci retracement-38.2%
did not place this trade
publishing to keep record
USDJPY 4 hrs. chart Ranging up trendABCDE pattern 3 touches to the resistance. could break support and go to 146.50 or break resistance and back to the top.
Bullish momentum to extend?USD/JPY is falling towards the pivot which has been identified as a pullback support and could rise to the 78.6% Fibonacci resistance.
Pivot: 149.32
1st Support: 147.24
1st Resistance: 152.02
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USDJPY - head and shoulders USDJPY after a good head and shoulders now om 149.750 . if USDJPY breaks next resistance . You can enter a trade when resistance turns into support, meaning when the price breaks through that level and then returns to retest it. good luck
Look at the power points Gorgeous 😍 SELL ORDER CREATED POWERFULLY, yes yes the train line the resistance properly showing the direction of the market price accent its glamorous to observe the obstacles.
Also share your personal opinion and comment
SELL ORDER CREATED POWERFULLYSELL ORDER CREATED POWERFULLY, yes yes the train line the resistance properly showing the direction of the market price accent its glamorous to observe the obstacles.
Also share your personal opinion and comment.
USD-JPY Bullish Breakout! Buy!
Hello,Traders!
USD-JPY is trading in an
Uptrend and the pair made
A strong bullish breakout
Of the key horizontal level
Of 149.500 which is now a
Support and as we are
Bullish biased a further
Move up is to be expected
Buy!
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Check out other forecasts below too!
$USDJPY Daily Chart: Test of the lower parallel +/- 150.00If the break down is going to continue then this would be the place for it...
USDJPY 2024/10/14- Stick to your stop loss to protect your trades
- Manage your positions patiently until you hit the target
- Profit always in risk, take the risk or lose the chance
USD/JPY continue with the UptrendOn USD/JPY , it's nice to see a strong buying reaction at the price of 146.630.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDJPY may see 149.97Intraday Update: The FX:USDJPY is probing new highs and a break higher will put the 127% extension of the consolidation in play at 149.97.
USD/JPY is Rising#trading_idea #USDJPY 💡
#USDJPY - Ascending Triangle
On the 4-hour chart, there is ascending triangle pattern seening. The price is testing 149.400 resistance while the MACD and Parabolic SAR both points to possible continue of rise. B&B shows neutral sentiment.
🔼If price breaks up 149.400 resistance, further move to 1451 is possible.
🔽Alternatively, a slide to 147.700 is likely.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️➡️ TRY SABIOTRADE NOW
Fundamental Market Analysis for October 14, 2024 USDJPYThe USD/JPY pair is unable to capitalize on a modest rise in the Asian session or find support above 149.000 and is pulling back a few pips from the highest level since August 16 reached on Monday. Prices are dipping below 148.500, or a fresh daily low in the last hour, and for the moment appear to have broken the dollar's three-day winning streak, although the fundamental backdrop warrants caution from bearish traders.
Japan's Deputy Finance Minister for International Affairs Atsushi Mimura said that the government will keep an eye on currency movements, including speculative moves, fueling speculation of possible intervention. This, in turn, provides some support for the Japanese Yen (JPY) and attracts sellers to the USD/JPY pair. Meanwhile, the decreasing chances of another interest rate hike by the Bank of Japan (BoJ) in 2024 and a more aggressive easing policy from the Federal Reserve (Fed) should continue to serve as a tailwind for the currency pair.
Japan's new Prime Minister Shigeru Ishiba stunned markets last week by stating that the economy is not ready for further rate hikes. In addition, political uncertainty ahead of the October 27 general election may keep JPY bulls on the sidelines. Meanwhile, good US jobs data for the month released on Friday led investors to further reduce bets on a massive Fed rate cut in November. This helped the US Dollar (USD) maintain its recent strong rise to a seven-week high and should serve as a tailwind for the USD/JPY pair.
This in turn suggests that any subsequent decline could still be seen as a buying opportunity, so it is prudent to wait for strong follow-through selling before confirming that the uptrend from a week ago has exhausted itself. As for further developments, there are no major economic data releases on Monday that could influence the market. Nevertheless, speeches by influential FOMC members may have an impact on the USD later in the North American session. In addition, geopolitical events should give a short-term impetus to the USD/JPY pair.
Trading recommendation: Trade mainly with Buy orders from the current price level.
USDJPY has bullish technical conditionsThe latest economic data suggests the Federal Reserve could cut interest rates again next month, but a larger cut is being underestimated.
Therefore, US bond yields remain stable and the wide spread between Japanese government bond yields and US bond yields continues to support the US Dollar.
On the daily chart, OANDA:USDJPY The uptrend is noticed by the price channel and the nearest support level at 148.113 of the 0.382% Fibonacci retracement.
Temporarily, USD/JPY's upside momentum is limited by the upper channel edge, once USD/JPY breaks above the channel it will continue to trend upward towards the 150.739 levels in the short term, more than 151,866.
Even if the 0.382% Fibonacci level is not enough to support USD/JPY in the short term, it still has other support slightly lower at 147.113 – 146.424.
As long as USD/JPY remains above EMA21 and within price channel, it still has a bullish technical outlook with notable technical points listed below.
Support: 148.113 – 147.112 – 146.424
Resistance: 149,364 – 150,739 – 151,866
