USDJPY scratch the buy; sell itJapanese Yen / U.S. Dollar forum
๏ปฟUSDJPY scratch the buy; sell it
USDJPY ๐น USDJPY Daily Analysis Based on Main Key Levels - [April 23, 2025]
Daily Current Market Price (DCMP): 141.720
Market Position: Trading above immediate support at 141.680 and below critical resistance at 142.623
๐ Critical Technical Levels
Resistance (Above DCMP)
๐ 142.623 - Intraday sell trigger (Weekly pivot)
๐ 143.566 - Fib 1.272 extension zone
๐ 145.092 - Macro trendline resistance
Support (Below DCMP)
๐ข 141.680 - High-probability buy zone (61.8% Fib retracement)
๐ข 141.097 - Liquidity cluster
๐ข 140.154 - Multi-week swing low
Swing Levels
โ๏ธ Swing High: 151.214 (Daily timeframe)
โ๏ธ Swing Low: 142.054 (4H timeframe)
๐ Intraday Trade Setups
Buy Opportunity
Entry: 141.680 ๐ฏ
Stop Loss: 140.154 ๐ซ
Take Profit 1: 142.623 โ
Take Profit 2: 143.566 โ
Rationale:
Confluence of 61.8% Fib retracement & weekly support
Hidden bullish divergence on 4H RSI (44.7 โ 47.3)
Oversold conditions on stochastic oscillator
Sell Opportunity
Entry: 142.623 ๐ฏ
Stop Loss: 143.566 ๐ซ
Take Profit 1: 141.680 โ
Take Profit 2: 140.373 โ
Rationale:
Resistance aligns with weekly pivot & descending trendline
Bearish MACD histogram expansion (-0.18 โ -0.32)
Declining trading volume above 142.000
๐ Technical Landscape
Fibonacci: 141.680 marks 61.8% retracement of 142.054-151.214 swing
RSI: Neutral at 47.3 with bullish divergence potential
MACD: Signal line compression near zero axis
Price Action: Double top pattern forming below 142.623
๐ Fundamental Catalyst
Bank of Japan policy meeting minutes (23 April)
US Core PCE inflation data release
JPY intervention rumors near 145.00 level
USDJPY What goes up without respect must come down โ just like it did during Friday and Monday's sessions. Those breakaway zones got respected!! IMOJust annoyed with myself โ I wasnโt fluid enough to take profits when Mondayโs lows were formed!
USDJPY buy UJ inside 141.780 thru 142 area. Set SL 141.520TP: 145
TP: 148
TP: 150
Go long if not but still cautious then go short. Use proper risk management
USDJPY i guess buy UJ but be cautious it can reject before 150. Im about to buy inside the 141.800 thru 142 area. Can reject inside 150 resistance maybe, lets see how it plays out
USDJPY eyeballing trend following.current retracement down in overall up trend.
volume dwindling, and volume below VMA, meaning transaction amount is low, and the current retracement towards the downside doesn't have big boys behind their move.
When the big boys come in, I am expecting price to pick up in the overall up side direction again.
I just place an RRR there to "catch" the price stabbing.
Also right? price has a small marketplace happening at the spot that the blue arrow is pointing at as seen by the small bodied candles signalling the stable price range on the lower time frames like 3 minutes or 5, or 1.
Anyway, lets assume that I have already entered at the small marketplace, and price is already moving in my intended direction, following the big boys.
As usual, I would set price to BE at around +0.9R.
1131SGT 23042025
USDJPY tradingview.com/x/Bdx4gTQF bullish pattern
USDJPY The bank now expects Asiaโs GDP-weighted growth to slow to 3.9% in 2025, down 60 basis points from its previous estimate, with a modest recovery to 4.2% in 2026.
USDJPY this the push down we've been waiting for all day. GET MONEY!!!
USDJPY very strong push will add longs in the area shown. if hits tp one before adding area i wont add unless a confirmation is shown