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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

USDJPY: Bullish Recovery After Sharp Correction – Short-Term Buy📈 Trade Details: Entry: Current price 157.823 🎯 Take Profit 1: 158.000 🎯 Take Profit 2: 158.275 🎯 Take Profit 3: 158.500 🛡 Stop Loss: 157.500 💡 Analysis: Earlier today, USDJPY experienced a sharp correction after hitting intraday highs. However, the U.S. dollar remains resilient, supported by strong economic data and market sentiment favoring risk-off assets. The correction appears to be a retracement within a larger bullish trend, presenting a buy opportunity as the pair looks poised to recover toward key resistance levels. A break above 158.000 could open the door for further upward movement, targeting 158.275 and 158.500 in the short term. 🚨 Risk Management: Tight stop-loss placement at 157.500 to protect against unexpected reversals. Adjust take-profit levels based on price action and volatility. Let’s aim for profits and disciplined trading today! 💹
Long
by ValchevFinance
3
Short correction (Bearish) idea on USDJPYI was bullish on the pairs on 152.500 as shown on my charts. Now I am expecting a rejection to 154.7 for the bullish trend to continue and possibly make a HH. I was look for a high probability entry and wait for market reaction. Also market is overbought on my RSI and technically should reject. However,I am not trading against the trend just trying to catch some decent pips.In the end,trading is only reactive and predictive, so we wait!
Short
by fanny500able
4-hr USD/JPY: Another 200 Pip Rise Not Impossible The Dollar King continues to assert its dominance, with the EUR, GBP, and AUD seeing significant declines over the past weeks. This robust performance is fueled by the Fed’s hawkish comments on fewer rate cuts in 2025, bolstered by last week’s strong NFP and Unemployment data. The USD is poised for further gains in the near term, although a deeper correction may follow. Technically, after amassing hundreds of pips, a conservative pullback seems imminent. USD/JPY recently broke below its 60-period MA, a support level it previously respected, opening the door for a dip. The 23% Fibonacci retracement now serves as the next key support level, where a rebound could align with the pair’s strong upward momentum. A move toward 156.50, or slightly lower, may invite fresh speculative buying. Such activity is expected to drive USD/JPY another 200 pips upward, potentially retesting its highs above 158.60 and reinforcing the pair’s bullish trajectory.
Long
by Trendsharks
USD/JPY: Signs of Exhaustion Amid Yield and RSI DivergenceWhile USD/JPY remains strongly correlated with yields in the belly of the US Treasury curve, that’s not translated to explosive upside recently, a noticeable departure from the trend seen in previous months where rising yields saw dollar-yen rip higher. With the pair unable to hold gains despite the blowout nonfarm payrolls report last Friday, the price action hints of fatigue following the substantial bullish run from the September lows. The inability to follow US Treasury yields higher may also be a sign carry trade flows may be slowing or even stalling. RSI (14) has diverged from price over the past month, and with MACD generating a fresh bearish signal, it points to waning bullish momentum, potentially increasing the risk we may see some form of bearish reversal. With dips below 157 bought over the calendar turn, the risk-reward of going short around current levels does not screen as compelling, suggesting those considering bearish trades may want to wait for a potential retest of Friday’s high of 158.88 before initiating trades. If the price were to be rejected again at this level, it would generate a decent setup, allowing for shorts to be established beneath the level with a tight stop above for protection. 155.89 would be a potential trade target.
Short
by FOREXcom
Consolidation Midweek Rally #9 (Friday Nonfarm Payrolls)On Monday, I observed the price reaching an old high, but I decided to wait until Wednesday to act. My reasoning was based on a daily fractal pattern, along with liquidity formed on Tuesday. I was targeting the Wednesday London session after 2:30 PM NY time, aiming for a return to the 15-minute order block (OB). The liquidity was taken, but the price only moved just under 50% of the Average Daily Range (ADR). Considering that Wednesday marked the third consecutive bullish green candle, I anticipated Thursday would turn bearish, providing a better opportunity on Friday to secure a good number of pips. However, the same strategy I used on Wednesday didn’t yield the expected results. This experience highlighted an important realization: Friday’s move was likely a liquidity run, signaling a strong possibility that the price might turn bearish. With the Commitment of Traders (COT) data showing the USD in a neutral position, this week’s developments will be critical in understanding their stance. There’s now a significant chance we could see a bearish month ahead, with Friday potentially marking the high of the week.
by Bufalodorato
Dollar vs. Yen - Long Term Swing Trading Idea - 08-th Jan 25'USDJPY from 20-th Dec' 2024 to 6-th Jan 2025 created A-B-C-D-E formation which is 4-th wave. Then from 156.25 area till 158.55 created 5 waves and finished the trend. Our expectations for the next few days are the price to retrace at least 250 pips till zone of 156.00 and there will find support. Long term idea is to reach 153.00 level in period of one month. EURUSD is at weakest and creating a swing low at levels over 1.0250-1.0300. If EURUSD bounce back to 1.0600 that will confirm the USDJPY trading idea for weaker dollar in next few weeks. Trading idea parameters are as follows. Entry: 158.50 Stop 159.50 Target 153.20
Short
by TradingTie
4
Fundamental Market Analysis for January 10, 2024 USDJPYThe Japanese Yen is weakened by doubts over the likely timing of the next BoJ rate hike. The US Dollar holds near a two-year high and supports USD/JPY ahead of the US NFP report. The Japanese Yen (JPY) is rising in response to comments from Japan's Economy Minister Ryosei Akazawa during the Asian session on Friday, although it lacks bullish confidence amid uncertainty over the Bank of Japan (BoJ) rate hike. Data released today showed that real household spending in Japan fell for a fourth month in November, indicating that the economy is fragile. This gives the BoJ another reason to be cautious about further interest rate hikes, which could continue to undermine the yen. In addition, the yield differential between US and Japanese bond yields has widened significantly over the past month amid the Federal Reserve's (Fed) tightening bias. This could help push down Japanese Yen yields and serve as a tailwind for the USD/JPY pair amid a bullish trend for the US Dollar (USD). Meanwhile, traders may prefer to stay on the sidelines and wait for the release of the important US Non-Farm Payrolls (NFP) report before making aggressive directional bets on the currency pair. Trade recommendation: Watching the level of 158.60, trading mainly with Buy orders
Long
by Fresh-Forexcast2004
USD/JPY showing weaknessThe USD/JPY pair has been fluctuating within a range. Recent data shows the price closing around 157.30, indicating some stability in the short term. Key support levels are around 156.24, while resistance levels are near 158.421. These levels can act as potential entry or exit points. so 156 will be a good level to short wit a red 4h candle closed near. Nver enter after a green candle only after a 4h bearish candle closed bellow 156.24. SCALP target @156.244 SWING Target @153.160
Short
by miketiger
USDJPY Will Collapse! SELL! My dear followers, This is my opinion on the USDJPY next move: The asset is approaching an important pivot point 158.40 Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 157.58 About Used Indicators: For more efficient signals, super-trend is used in combination with other indicators like Pivot Points. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
From Signals to Strategy: ** Common Misconceptions**Hey, just putting this out there – here are some popular misconceptions that traders believe and risk to limit their growth and profitability in the beginning. To begin with, indicators can guide your decisions indeed, but without a solid market understanding, good RISK MANAGEMENT, and a clear strategy, they really won’t do much for you. 🔄A strategy suits each person differently: Much like a dress 👗 tailored to fit an individual’s unique shape and style. What works for one trader might not work for another, and that's why it's essential to find a strategy that aligns with your personality, risk tolerance, and long term objectives. And I also learned that sometimes simpler is better. Apply the KISS rule 💋: "Keep it simple, stupid! " Seriously, why complicate things? Focus on what works and cut out the noise. And in some cases, having multiple indicators is just NOISE. I also had some misconceptions in the beginning, because everywhere I searched—on forums, trading platforms, and YouTube tutorials—there were promises of indicators that could do all the complex analysis for me. And somehow, since “beginners luck is REAL- at first, it seemed to work. A “BUY” signal here, a “SELL” signal there, and I managed to scrape together a few wins. 😌 But that luck didn’t last long and as I studied some more it became clearer to me that indicators are just tools, not guarantees. They can guide your decisions, but they cannot replace a solid understanding of the market, risk management, and context. So, I started experimenting with certain indicators, using them to complement—not replace—my understanding of the market. For instance, instead of blindly following a “BUY” signal, I began to ask questions: • Is the market trending or ranging? • Does this signal align with key support or resistance levels? • What does the overall sentiment (news, volume, momentum) suggest? And so with a few more adjustments, trading became less about relying on indicators and more about developing a structured, disciplined approach. Now, I actually think that those early struggles helped shape my understanding and approach to trading. Progress doesn’t come from relying on shortcuts but from BUILDING A FOUNDATION of understanding, discipline, and adaptability. Here are some more Common Misconceptions you too probably had along the way: 1. 🛑 Misconception number 1 : More Indicators = Better Results 🤑 It’s tempting to think that layering as many indicators as possible will lead to a perfect trading system, but this approach often results in confusion and conflicting signals. Many indicators are derivatives of price and volume and may provide redundant information, and can even lead to "analysis paralysis." It’s like having so many tabs open on your browser that you forget what you were trying to do in the first place!" 😅 Explanation: For example, using RSI (Relative Strength Index) and Stochastics together may seem like a good idea since both are momentum indicators. However, they measure similar things and may not add unique value. Overloading your chart can also obscure price action, which remains the most critical piece of information. 📉 A more effective approach is to select complementary indicators, such as combining a momentum indicator (RSI) with a trend-following indicator (e.g., Moving Average) or a volume-based indicator (e.g., OBV or MFI). This combination provides a broader perspective without overcomplicating the analysis. 2. 🛑 Misconception number 2: Indicators anticipate future trends Indicators only reflect historical data and help interpret current market conditions. Explanation: Indicators like moving averages, MACD, and Bollinger Bands use past prices to calculate their values. For example, a MACD crossover might suggest a potential trend change, but it doesn’t guarantee future direction. Markets are influenced by countless variables (news, sentiment, macroeconomics) that indicators cannot account for. To trade effectively, you must understand that indicators are tools for assessing probabilities, not certainties. Instead, combining indicator signals with context—like support/resistance zones or fundamental analysis—creates a more reliable framework and can give you to better results. 3. 🛑 Misconception nr. 3 Indicators Work the Same in All Market Conditions Indicators behave differently in trending markets versus ranging markets, and their effectiveness varies based on market conditions. Explanation: For example, Moving Averages and MACD perform well in trending markets but can give false signals in a ranging market. On the other hand, oscillators like RSI and Stochastics are more effective in range conditions, identifying overbought/oversold price levels. The key is adapting your strategy to the current market trend. Tools like the Average True Range (ATR) can help evaluate market volatility, giving you clues on which type of indicator might be most effective. 4. 🛑 Misconception nr. 4 Indicators Alone Are Enough to Be Profitable Indicators are not a substitute for a comprehensive trading plan that includes risk management, market knowledge, and emotional discipline. Explanation: Even the best indicator setups can fail due to market unpredictability. For instance, a perfect RSI signal can be invalidated by a major news event. Without proper risk management—like setting stop-loss levels—you could take successive losses. Profitable traders use indicators as PART of an inclusive, well defined approach that includes ** position sizing** 🔒 ** understanding market structure **💡 ** Controlling emotional responses during trades and after trades ** ⚖️ 5. 🛑 Misconception nr. 5 You Must Use Indicators to Succeed While indicators are useful, they are not mandatory for successful trading. Some traders rely solely on price action, volume, and market structure. Explanation: Price action traders use patterns like candlestick formations, support/resistance zones, and trendlines to make decisions. For example, identifying a double-bottom pattern at a key support level can be just as effective as using RSI to spot oversold conditions. Indicators can add value, but they are not essential. It’s more important to find a trading style that suits your personality and ALIGNS with your understanding of the market. Misconception nr. 5: A Custom Indicator Will Give You an Edge Custom indicators can provide insights, but they are not they can’t guarantee profitability. Explanation: There are Indicators that combine multiple data points to create a unique signal, but their success still depends on the underlying market conditions and the trader's ability to interpret them. Often, the “edge” comes from the trader’s discipline and consistency rather than the tool itself. 💡 Back-testing custom indicators on various pairs and timeframes can show their limitations and help you identify where they perform best. Always TEST, TEST, TEST. Best to do that on 6-or more months. Don’t give up if you struggle, struggle becomes growth 💪. YOU CAN and YOU WILL become profitable if you push through the phases at your own pace. Thank you for the read.
Education
by TrendDiva
USD/JPY currency pair, showcasing technical analysis USD/JPY currency pair, showcasing technical analysis to predict potential price movements. Key observations include: 1. Downward Channel - The black arrows and lines indicate a descending channel, suggesting a bearish trend. 2. Potential Support Zone - The white box highlights a possible support level where the price might reverse upward. 3. Downside Breakout - The chart predicts that the price could drop toward the 156.7 level. This is a trading forecast. Ensure you consider additional analysis and risk management before making any decisions.
by Olivia-Grace
2
USDJPY Analysis Here's a bullish channel setup on USDJPY! The pair is respecting the ascending trendline, and we’re seeing signs of potential upside movement. 🚀 🎯 Targets: Take Profit 1: 158.451 Take Profit 2: 158.825 Take Profit 3: 159.154 📉 Stop Loss: 157.582 (below the channel support). The pair is currently trading near the channel’s lower boundary, offering a great risk-to-reward ratio. Keep an eye on this one—it could deliver solid gains! 💰 Let’s see how this plays out! 💹
Long
by Charts_M7M
#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is currently testing a key resistance level, which has previously acted as a barrier to upward movement. Signs of rejection at this level indicate potential selling pressure. Forecast: A sell opportunity is anticipated if the price continues to face rejection from the resistance zone, signaling a possible move downward. Key Levels to Watch: Entry Zone: Near the resistance level after confirmation of rejection. Risk Management: Stop Loss: Placed above the resistance zone or recent swing high to minimize risk. Take Profit: Target the nearest support levels for potential downside movement. Market Sentiment: Selling pressure is expected to dominate as long as the price remains below the resistance level, maintaining a bearish outlook.
Short
by PIPSFIGHTER
USD/JPY Poised for a Breather Before Resuming Its AscentUSD/JPY: A Strategic Pause Before the Next Bullish Wave The USD/JPY currency pair is taking a breather, consolidating after a period of robust growth. This pause comes as a natural result of market dynamics, offering traders an opportunity to reflect on the underlying forces shaping the pair’s trajectory. The strengthening U.S. dollar, supported by a resilient economy and relatively hawkish monetary policy, contrasts sharply with the dovish stance of the Bank of Japan (BoJ). This divergence in central bank approaches creates a fertile environment for medium-term bullish potential in the USD/JPY pair. Over the past year, the currency pair has experienced a rollercoaster ride. A sharp decline in 2022 was fueled by aggressive rate cuts in the United States, a slight tightening move by the BoJ, and interventionist measures from Japan’s central bank aimed at stabilizing the yen. However, these interventions proved largely ineffective in altering the broader trend. The USD/JPY pair eventually reversed its course, erasing nearly all of its losses and climbing back toward the significant 162.0 level—a testament to the enduring strength of the dollar and the yen's continued weakness. Currently, the market is in a consolidation phase, with clear boundaries and well-defined levels emerging over the past several weeks. This phase serves as a critical juncture for traders, as it provides strong technical levels to guide trading strategies. Key Levels to Watch Resistance Level: 158.1 Support Levels: 156.74, 155.88 The primary trigger for a bullish continuation lies at the resistance level of 158.1. A decisive breakout above this level, accompanied by sustained price consolidation, would signal the market's readiness to push higher, potentially targeting all-time highs (ATH). However, traders should also prepare for the possibility of a temporary correction. Should the resistance hold, the currency pair may retrace toward the lower boundaries of the consolidation zone before resuming its upward momentum. Fundamental Context Driving USD/JPY The current landscape is shaped by stark differences in monetary policy between the U.S. Federal Reserve and the BoJ. While the Fed has maintained a relatively hawkish stance, keeping rates elevated to combat inflation, the BoJ has stuck to its ultra-loose monetary policy framework. Japan’s central bank continues to cap bond yields and resist significant tightening measures, prioritizing economic stability over currency strength. This divergence has amplified the appeal of the U.S. dollar against the yen, drawing capital flows into dollar-denominated assets and sustaining the bullish narrative for USD/JPY. Moreover, the broader macroeconomic environment supports the dollar's dominance. With robust labor market data, resilient GDP growth, and moderating inflation in the United States, the greenback remains a safe haven for investors navigating global uncertainties. In contrast, Japan's economy faces structural challenges, including stagnant wage growth and subdued consumer spending, further limiting the yen's recovery potential. Technical Outlook: Preparing for the Next Move From a technical perspective, the current consolidation is a healthy phase that sets the stage for the next significant move. Traders should closely monitor price action around the resistance at 158.1. A breakout above this level would open the door for an extended rally, with the psychological 162.0 level and beyond serving as potential targets. Conversely, failure to break resistance could lead to a retracement toward the support levels at 156.74 and 155.88. Such a pullback would not invalidate the bullish outlook but would instead offer a better entry point for those looking to capitalize on the broader upward trend. Trading Strategy For traders, patience and precision are key in navigating this phase. Those with a bullish bias should wait for confirmation of a breakout above 158.1, accompanied by increased volume and sustained consolidation. Meanwhile, a pullback to support levels could present an opportunity for value-based entries, provided the broader trend remains intact. Risk management remains paramount, as false breakouts and unexpected market shifts can occur in such volatile conditions. Conclusion The USD/JPY pair is at a crossroads, with consolidation serving as the calm before the next storm. The interplay between a strong dollar and a dovish BoJ creates a compelling case for further upside, but traders must remain vigilant and adaptable. Whether the pair breaks resistance or retraces to support, the medium-term outlook remains bullish, underpinned by both technical and fundamental factors. Stay prepared and disciplined, as the next leg of the journey toward new highs could be just around the corner.
Long
by lonelyPlayer0