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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

JPY/USD: Key Trading Signals with Confirmation StrategiesTechnical Analysis and Strategy for Japanese Yen (JPY) against the U.S. Dollar (USD) on a 15-Minute Timeframe Technical Analysis: Price Action and Key Levels: Current Price: The price is around 0.006636 USD High: 0.006640 USD Low: 0.006635 USD Resistance Levels: 0.006640 USD, 0.006680 USD Support Levels: 0.006620 USD, 0.006590 USD Break of Structure (BOS) and Change of Character (CHoCH): Multiple BOS and CHoCH points are marked, indicating significant shifts in market structure and potential reversal points. Fair Value Gaps (FVG): Several FVGs are marked, indicating areas where price may return to fill gaps. Indicators: RSI (Relative Strength Index): 28.77 and 39.04, indicating potential oversold conditions. MACD (Moving Average Convergence Divergence): The MACD line is crossing below the signal line, suggesting bearish momentum. Buy Strategy Confirmation: Look for a bullish candlestick pattern forming at a support level (0.006620 USD or 0.006590 USD). Ensure the RSI is below 30, indicating oversold conditions. Wait for the MACD line to cross above the signal line, confirming bullish momentum. Entry: Enter a buy position once the above confirmations are met. Place a stop-loss below the recent support level at 0.006620 USD. Target: Set the first target at the nearest resistance level, 0.006640 USD. If the price breaks above the resistance, trail the stop-loss to lock in profits and aim for the next resistance level, 0.006680 USD. Sell Strategy Confirmation: Look for a bearish candlestick pattern forming at a resistance level, 0.006640 USD. Ensure the RSI is above 70, indicating overbought conditions. Wait for the MACD line to cross below the signal line, confirming bearish momentum. Entry: Enter a sell position once the above confirmations are met. Place a stop-loss above the recent resistance level at 0.006640 USD. Target: Set the first target at the nearest support level, 0.006620 USD. If the price breaks below the support, trail the stop-loss to lock in profits and aim for the next support level, 0.006590 USD. Summary of Signals Buy Signal: Entry: Above 0.006620 USD or near 0.006590 USD Exit/Take Profit (TP): 0.006640 USD, 0.006680 USD Stop Loss: Below 0.006620 USD Sell Signal: Entry: Below 0.006640 USD or near 0.006680 USD Exit/Take Profit (TP): 0.006620 USD, 0.006590 USD Stop Loss: Above 0.006640 USD This analysis and strategy provide a structured approach to trading the JPY/USD pair based on technical indicators and market structure. If you have any further questions or need additional analysis, feel free to ask! 😊 FX_IDC:JPYUSD
by Alexgoldhunter
Could the price bounce from here?USD/JPY is falling towards the pivot which aligns with the 50% Fibonacci retracement and could bounce to the 1st resistance which has been identified as an overlap resistance. Pivot: 149.33 1st Support: 146.85 1st Resistance: 151.60 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
USDJPY NEOWAVE ANALYSIS Experimental analysis with the intention to follow back later on as I am still learning The first correction is a diametric. It appears that we have experienced an X wave rally since 2011. I identify this as an X wave rather than part of a larger pattern due to the strength of wave A following the conclusion of the diametric. The X wave is subdivided into a zigzag. To declare the end of the C wave, we would need to see a movement that is faster and stronger than the one observed immediately after the conclusion of wave A. The chart appears unusual to me because it indicates that the dollar will rapidly decline against the yen, as the broader trend for this pair continues to be downward. My reason is simply due to the decline observed during wave C of the diametric.
by thekidtrader11
THOUGHTS ON USD/JPYUSD/JPY 1H - This is a very similar set up to the GBP/JPY analysis and this is because the JPY is quote for both pairs we are looking at, as you can see I want the same thing to happen. This is good as it helps build confluence, the fact that both pairs are correlating with each other and so is the analysis is a good thing. I have gone ahead and marked out a more fractal high with this one though. This is just to show a more pre-emptive aggressive approach, once price trades above this we can start to look to go long should the low thats been set at the Demand Zone sticks. This confirms to us that enough Demand has been introduced to flip the S&D balance. Once we have been delivered with that we will wait for price to pullback giving us the opportunity to buy into this market at a better price with a more refined entry.
Long
by Lukegforex
USDJPYM1 : bearish IMB failing to Hold, Heading towards High W1 : Consolidation D1 : Uptrend 4H : Shifted from Bearish to Bullish And pulled back to 50% Leg 1H : Bullish Narrative : * Monthly is heading towards the high, Weekly and Daily looks a bit Consolidation. * 4H and 1H has shifted from bearish to bullish and 15 Minute also Shows bullish shift in market structure. We can potentially open Long position on Monday Open one Position On Market Execution and another position on 1H OB if price comes to fill the order to the OB.
Long
by nptrade24
USDJPY - A Whole Lotta Pips in 2024!USDJPY has been one of our favourites to trade! We've managed to catch the start of the swing points for each wave since the beginning of 2024. Our entry method remains the same. Break of Trendline. Simple yet very effective if used correctly. Since our last setup, we've moved +600pips in our direction. We're currently holding it at breakeven and riding out the wave! See below for our past setups. Trade 1: Trade 2: Trade 3: Trade 3 (Public Post): Trade 4 (Public Post): Trades 3 and 4 have been public setups. Well done to those that were paying attention and caught it! Goodluck and as always, trade safe!
by WicktatorFX
2
USDJPY - A Whole Lotta Pips in 2024!USDJPY has been one of our favourites to trade! We've managed to catch the start of the swing points for each wave since the beginning of 2024. Our entry method remains the same. Break of Trendline. Simple yet very effective if used correctly. Since our last setup, we've moved +600pips in our direction. We're currently holding it at breakeven and riding out the wave! See below for our past setups. Trade 1: Trade 2: Trade 3: Trade 3 (Public Post): Trade 4 (Public Post): Trades 3 and 4 have been public setups. Well done to those that were paying attention and caught it! Goodluck and as always, trade safe!
by WicktatorFX
discussion about the trend of the #USDJPY in the new week.Friends who are interested, let's start a discussion about the trend of the #dollar in the new week. As you know, for example: the dollar-yen exchange rate has reached 149.53 from 156.76 units and has decreased by more than 72 pips or 4.61%. - On the valid 4-hour time frame, the RSI indicator is in the oversold zone - The chart is in its own good support zone Regarding the election of Mr. Trump, the stability in the global economy and the expansionary policy, etc., the above exchange rate will not remain at the current number. For example, we can look for a suitable bottom for a #long position by examining the relevant currency pair (of course, with technical confirmation and appropriate candlesticks.)
Long
by mansour1978
#UASJPY: Swing Selling is in progress, Are we heading Bears Era?Dear Traders, Hopefully, you having a great weekend so far, we have a great opportunity on USDJPY, possible a total bearish meltdown on all the jpy pairs especially with UJ, we are on the verge of collapse. At the moment we expect price to do a small correction before it drops further. At this correction we may expect price to reverse nicely. We expect this idea to be activated by Friday when we will be having a last nfp data of the 2024. Decembers are known for bears control over jpy pairs. thank you ;)
Short
by Setupsfx_
4
Weekly Market Wrap With Gary Thomson: 25 - 29 NovemberWeekly Market Wrap With Gary Thomson: SP500, US Dollar, Brent Crude Oil, Black Friday Get the latest scoop on the week's hottest headlines, all in one convenient video. Join Gary Thomson, the COO of FXOpen UK, as he breaks down the most significant news reports and shares his expert insights - S&P 500 Index Hits a New Record - Dollar Declines Following Weak Macroeconomic Data - Brent Crude Oil Consolidates Ahead of OPEC+ Meeting - How Black Friday Could Impact the Stock Market in 2024 🌐 FXOpen official website: www.fxopen.com CFDs are complex instruments and come with a high risk of losing your money.
by FXOpen
1
USDJPY Testing Key Levels: Potential for Downside MoveHello, FX:USDJPY has faced a price rejection at the 1W Pivot Point, leading to a downside move as highlighted in the previous analysis. Currently, the pair is testing the 1M Pivot Point, which could act as resistance. If this level sees a rejection, the price may move toward 140.053, with 146.031 serving as a strong support zone. While buyers are stepping in aggressively at this stage, their actions may be premature given the current market conditions. A clearer decision can be made once the 1M Pivot Point has been thoroughly tested. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344
by TradeWithTheTrend3344
USDJPY in Overbought Conditions - The 5th Wave CompletedUSDJPY in Overbought Conditions - The 5th Wave Completed 🚨Thursday, December 19 - BoJ Interest Rate Decision ✅The market expects the BOJ to raise rates on December 19, as BOJ Governor Ueda commented last week. Whether rates will be raised remains to be seen as they have lied several times on this subject in the past. However this is supporting JPY strength in the short-term. USDJPY is currently in overbought conditions. The likelihood that USDJPY has completed a 5-wave movement is very high, with the top of the 5th wave appearing to be at 156.73. This 5th wave was completed as a variation of a wedge pattern. Following any correction, USDJPY is expected to move down further in anticipation of the rate hike. If this happens, JPY might get a respite. However, we must be cautious, as the Bank of Japan (BOJ) is not always consistent in their promises and actions. You may find more details in the chart! Thank you and Good Luck!
Short
by KlejdiCuni
9