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JPYUSD trade ideas

Market Analysis 11/1/24Hello everyone, welcome back to our daily market analysis. Today, we examined our fundamental data from yesterday and today. While reviewing, please bear in mind that today marks the commencement of the month. Consequently, we anticipate the emergence of concerning news for several currencies. However, we will primarily focus on the United States Dollar (USD). The USD’s NFP data warrants our attention due to its potential to induce volatility. As traders, it is imperative to consider these factors: the month’s inception and the possibility of a drop in NFP information, which could further amplify volatility. Today’s fundamental data indicates a favorable position for CHF, EUR, and JPY, while AUD, CAD, GBP, NZD, and USD exhibit a weaker trend.
by milesjohnson778
UsdJpy- Will history repeat itself?As we approach the final months of the year, it’s worth noting the impact of JPY repatriation, which traditionally occurs when Japanese investors pull funds back to Japan, boosting yen demand. This trend often leads to an appreciation in the Japanese yen, affecting currency pairs like FX:USDJPY , as demand surges. Historically, this phenomenon has triggered notable yen strength. For example, last year saw USD/JPY fall by around 1,000 pips due to these repatriation flows. Assuming similar conditions prevail, we could anticipate another yen rally by this year's end. Technical Overview of USD/JPY: Currently, USD/JPY recently hit a high of around 154, moving into a key resistance area. At the time of writing, the price hovers above the horizontal support level. A decisive break below it could indicate a bearish “false break,” potentially signaling a larger downside move. Should the downtrend persist, potential targets could be set at: - Slightly under 150, - Followed by further support at 147, - And ultimately, a critical support at 141.
Short
by Mihai_Iacob
1
Can USD/JPY rebound from this key support? the USD/JPY has been consolidating its recent gains in the last couple of days, with price testing the upper band of the 152.85 - 151.95 support area after retreating from the 61.8% Fibonacci retracement level circa 153.40. This week's mixed US data has taken some shine off the US dollar, but with the election uncertainty hanging over the markets, the dollar is unlikely to sell off significantly until at least the election is out of the way. With that in mind, the USD/JPY could easily rebound from the 152.85 - 151.95 support area and break through the 61.8% Fib resistance. If it gets above it, then the next upside target would be 155.00, a psychologically important level. The line in the sand for me is at 151.45, where the 200-day average and the most recent low come into play. For as long as this area holds, the short-term path of least resistance remains to the upside. By Fawad Razaqzada, market analyst with FOREX.com
Long
by FOREXcom
Long UJYen to retrace its gain from start of day from London and NY sesh DXY on support and bounced 1hr stoch rsi regular divergence (price LL oscillator HL) -> bullish reversal DXY in bollinger band squeeze and retested low first, potential rally for upcoming sesh Fake breakout of vwap upper band from previous daily swing low, if it does fall to retest can act as support. Idea aligned with the bullish PA seen from USDCAD Extra: liquidity sweep failed three black crow formation (third one lost huge momentum) trapped sellers -> fake out followed by three white soldiers formation with a momentum filled break of previous wick highs etc What do you think?
Long
by FableHart
USD/JPY "The Ninja" Bank Money Heist Plan on Bullish SideOla! Ola! My Dear Robbers / Money Makers & Losers, 🤑 💰 This is our master plan to Heist USD/JPY "The Ninja" Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned in the chart focus on Long entry. Our target is Red Zone that is High risk Dangerous level, market is overbought / Consolidation / Trend Reversal / Trap at the level Bearish Robbers / Traders gain the strength. Be safe and be careful and Be rich. Entry : Can be taken Anywhere, What I suggest you to Place Buy Limit Orders in 15mins Timeframe Recent / Nearest Swing Low Stop Loss 🛑 : Recent Swing Low using 2h timeframe Attention for Scalpers : If you've got a lot of money you can get out right away otherwise you can join with a swing trade robbers and continue the heist plan, Use Trailing SL to protect our money 💰. Warning : Fundamental Analysis news 📰 🗞️ comes against our robbery plan. our plan will be ruined smash the Stop Loss. Don't Enter the market at the news update. Loot and escape on the target 🎯 Swing Traders Plz Book the partial sum of money and wait for next breakout of dynamic level / Order block, Once it is cleared we can continue our heist plan to next new target. Support our Robbery plan we can easily make money & take money 💰💵 Follow, Like & Share with your friends and Lovers. Make our Robbery Team Very Strong Join Ur hands with US. Loot Everything in this market everyday make money easily with Thief Trading Style. Stay tuned with me and see you again with another Heist Plan..... 🫂
Long
by Thief_Trader
Key USDJPY Support at 151 Faces Stochastic Oversold AlertFxNews —The USD/JPY currency pair's dip from 153.9 eased near the 23.6% Fibonacci support level. Meanwhile, the Stochastic Oscillator signals an oversold condition. Furthermore, the market outlook remains bullish if the price holds above the 151.0 mark. The uptrend could be triggered if bulls close the USD/JPY price above the 153.0 immediate resistance. In this scenario, the next bullish target could be the 157.0 mark.
Long
by FxNews-me
USD/JPY on the Rise: Aiming for 154 and Beyond if 151 HoldsHere’s the lowdown: USD/JPY is hanging out at the 151 support level. If this zone holds, we’re looking at a nice ride up to 152.47—and possibly higher! First take-profit at 154.23, and if we break that, we’re cruising to 155.80 and even 157. Simple Breakdown: Solid Support at 151 Right now, 151 is the key spot to watch. If we hold above this, it’s a good sign USD/JPY has the strength to keep climbing. Target Levels on the Way Up First Stop: 152.47 This is our first target, so keep an eye on the price action here to see if we’ve got the momentum. Take-Profit Zone 1: 154.23 If we reach this level, it’s a great spot to lock in some gains. Think of it as the first surf break! Take-Profit Zone 2: 155.80 If 154 clears, next stop is 155.80. This is where the ride gets exciting. High-End Target: 157 If USD/JPY stays strong and keeps moving, 157 is the ultimate stretch goal on this wave. Trading Tip Stay flexible with your levels. If 151 holds, ride the trend and take profits at each level to keep it smooth. Relax, set your zones, and let the market show you the way! MINDBLOOME TRADING / KRIS Where Trading Meets Wellness : Mindbloome Exchange
Long
by Mindbloome-Trading
**USD/JPY 15-Minute Forecast: Watching Key Levels Closely!**⏱ **USD/JPY 15-Minute Forecast: Watching Key Levels Closely!** 📉📈 USD/JPY is currently at **151.840** on the 15-minute chart. We're closely watching the **152.336** level—if it breaks and reverses, we could see a dip toward **151.556** as a target. 🔍 **Key Levels:** - **Current Price:** 151.840 - **Resistance:** 152.336 - **Support:** 151.707 💡 **Quick Insight:** A break and reversal at 152.336 may trigger a bearish move down to 151.556. Keep an eye on these levels for potential trade entries! 👉 Do you see a similar setup? Share your view below! #USDJPY #ForexTrading #15MinChart #PricePrediction #Pipnest
Short
by pipnest
USDJPY Possible ScenariosWe can expect a correction in USDJPY down to the demand zone shown on the chart, which should prepare it for the main movement. However, this main bullish movement is actually a retracement in the bigger picture, so we should be ready to monitor closely when it reaches the supply zone. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
by Biaxar
Will the Yen Recover or Will the USD Continue to Rise?Hello everyone, let’s join Alisa in predicting the USD/JPY currency pair! The Japanese Yen (JPY) is struggling to recover against the USD, hovering near its lowest level since July 30, due to uncertainty about the Bank of Japan’s interest rate policies and the prevailing risk environment. Additionally, rising US Treasury yields, especially after the return of Donald Trump, are limiting the JPY. The sharp drop in the Yen has prompted intervention from the Japanese government, providing some support. Meanwhile, the USD remains strong, close to its highest level in 4 months, fueled by optimism about growth and inflation, which is supporting the USD/JPY pair ahead of the Fed's policy decision later this week. Based on technical chart analysis, the support level at 151.49 is helping maintain the upward trend for the USD/JPY pair. While the pair faces resistance at 154.58, any pullback would likely be supported at the previous resistance level of 152.41, providing a foundation for a potential recovery. If USD/JPY breaks through the 154.58 resistance, it could target new higher levels. Given the current technical and fundamental factors, what do you think the next move for USD/JPY will be? Will the Yen recover, or will the USD continue to strengthen?
by Alisa_Rokosz
USD/JPY H1 | Fill the gap before running into resistance?USD/JPY is rising towards a multi-swing-high resistance and could potentially reverse off this level to drop lower. Sell entry is at 152.96 which is a multi-swing-high resistance. Stop loss is at 153.72 which is a level that sits above a pullback resistance. Take profit is at 151.62 which is a multi-swing-low support that aligns close to the 50.0% Fibonacci retracement level. 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% 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 (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘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 FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
USDJPY 4hr LongUSDJPY ✅ 4hr Long ✅ 💰ENTRY: 153.096 👎STOP LOSS: 152.692 TP TARGETS ⏰TP1 ⏰TP2 ⏰TP3 ✅1. Weekly Time Frame: Price has been breaking bullish and trending above the 10, 50,200 EMAs. ✅ 2. Daily Time Frame: Price has been breaking bullish and trending above the 10, 50, 200 EMAs. ✅ 3. 4hr Time Frame: Price has made a valid correction into the 10 EMA. ✅ 4. Price has made a Swing Low Engulfing candle above the 50ema. This is a great example of my systematic system.
Long
by angelvalentinx