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USDJPY.P trade ideas

Its still bullish I will be interested in longs if ...price drops below the PWL as it's US elections week Im very cautious this is not a final prediction but rather an option. Remember: If then.... If we get the confirmation, I will be looking to position myself with my students and followers as highlighted on the chart. Accumulation / Manipulation / Distribution - No liquidity raid = No trade - Never buy high and never sell low “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave FX Hunter ⚔
by Dave-Hunter
1
Market Analysis: USD/JPY Remains In Strong UptrendMarket Analysis: USD/JPY Remains In Strong Uptrend USD/JPY is rising and might gain pace above the 153.85 resistance. Important Takeaways for USD/JPY Analysis Today - USD/JPY climbed higher above the 150.50 and 152.20 levels. - There was a break above a key contracting triangle with resistance at 152.00 on the hourly chart at FXOpen. USD/JPY Technical Analysis On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 149.00 zone. The US Dollar gained bullish momentum above 150.50 against the Japanese Yen. It even cleared the 50-hour simple moving average and 152.00. There was a break above a key contracting triangle with resistance at 152.00. The pair climbed above 153.50 and traded as high as 153.88. It is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 151.45 swing low to the 153.88 high. The current price action above the 153.20 level is positive. Immediate resistance on the USD/JPY chart is near 153.85. The first major resistance is near 154.20. If there is a close above the 154.20 level and the RSI moves above 65, the pair could rise toward 155.00. The next major resistance is near 155.85, above which the pair could test 157.00 in the coming days. On the downside, the first major support is 153.20, below which the bears could gain strength. The next major support is visible near the 50% Fib retracement level of the upward move from the 151.45 swing low to the 153.88 high at 152.65. If there is a close below 152.65, the pair could decline steadily. In the stated case, the pair might drop toward the 152.20 support zone. The next stop for the bears may perhaps be near the 151.45 region. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USDJPY BULLISH SENTIMENT CEMENTEDThe USD/JPY exchange rate can be influenced by various factors, including interest rate differentials, economic data releases, and geopolitical events. If the USD/JPY is experiencing upward movement, it might be due to: Interest Rate Expectations: If the U.S. Federal Reserve is expected to raise rates or maintain higher rates compared to Japan's central bank (which often has a more dovish stance), the USD might strengthen against the JPY. Economic Data: Strong economic indicators from the U.S., such as job growth or GDP growth, can boost confidence in the dollar. Geopolitical Factors: Increased uncertainty in global markets can lead investors to favor the USD as a safe haven. Market Sentiment: General risk appetite can also affect the USD/JPY, with stronger demand for the dollar in times of uncertainty. Central Bank Policies: Any shifts in monetary policy from the Bank of Japan, like potential easing or maintaining low interest rates, can weaken the yen.
Long
by MarshallJay
1
EUR/USD shrugs as eurozone CPI rises to 2%The euro is flat on Thursday after three straight winning days. In the European session, EUR/USD is unchanged on the day, trading at 1.0854. Eurozone inflation rose to 2% y/y in October, up from 1.7% in September and above the market estimate of 1.9%. This was the fastest increase since April. The main drivers of the inflation increase were services and food prices. Services inflation continues to be a headache for the European Central Bank, unchanged at 3.9% and almost double the target. Monthly, CPI rose 0.3% after a 0.1% decline in September. Core CPI remained at 2.7% y/y, just above the market estimate of 2.6% and the lowest level since February 2022. How will the European Central Bank react to the inflation report? The central bank has been in the forefront of the rate-cutting trend, having lowered interest rates three times this year. The ECB is expected to trim rates at the December meeting, although the October inflation data indicates that inflation has not yet been fully contained. ECB President Lagarde said after the inflation release that she expects inflation will sustainably reach the 2% target in 2025. The eurozone labor market remains strong despite a sluggish economy. Thursday’s unemployment report showed the unemployment rate fell to 6.3% in September, down from 6.4% in August and the lowest level since the eurozone was establish in 1999. The ECB, like other major central banks, will have to balance a strong labor market against weakening inflation as it determines its rate path for the coming months. EUR/USD tested resistance at 1.0885 earlier. Above, there is resistance at 1.0913 1.0842 and 1.0814 are the next support levels
by OANDA
1
USDJPY - 4hrs ( buy Trade Target Range 240 PIP ) 🟢 Pair Name : USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Break Out Done Type : Mid Term Swing ——————————— Bullish Break 151.000 Area Reasons - Major Turn level - Visible range Lvn - Pattern Break - Daily / weekly high - Fibo Golden Bearish Reversal 153.850 Area Reasons - Major Turn level / D - Visible Range Hvn - Fibo Golden - Year High Area - Choch / Inner
Long
by GoldenEngine
6
USDJPY Will Fall! Short! Please, check our technical outlook for USDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is testing a major horizontal structure 153.142. Taking into consideration the structure & trend analysis, I believe that the market will reach 147.275 level soon. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDJPY Is Going Up! Long! Take a look at our analysis for USDJPY. Time Frame: 4h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is trading around a solid horizontal structure 151.777. The above observations make me that the market will inevitably achieve 153.232 level. P.S Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback. Like and subscribe and comment my ideas if you enjoy them!
Long
by SignalProvider
3
USD/JPY Structure Analysis - Bullish OutlookUSD/JPY Structure Analysis - Bullish Outlook Today, I'll share the USD/JPY structure analysis. On October 4th, the price broke through the first and strongest resistance area near 147.20. After an increase of nearly 200 pips, it encountered another strong resistance zone near 149.25, which held the price for about three weeks. Currently, USD/JPY has broken through this strong zone near 149.25. Given that USD/JPY is holding well also above the second zone, the odds are rising that it may continue to increase in the coming days or weeks. The first target is the resistance zone near 152.00, followed by the second target near 154.70. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
14
UsdJpy Trade IdeaA set up I'm looking to get into this morning is going to be a short set up on UJ. UJ has been ranging since last week with solid structures for a trading opportunity. Price opened up bullish before crashing back down below resistance. Smaller time frames show a shift in structure after the bullish run so I'm personally looking to get into some shorts within the range. If all goes well I'll execute for a 1:3rr. We'll see what happens. IF price doesn't give confirmation and decides to push back to the upside I'll adapt and wait for some type of buying opportunity or call it a day if another pair doesn't present a solid set up.
Short
by OfficialJ23
USDJPY with two probabilities for 10/30/2024This is my idea Nbr 17 after 15 ✅️ USDJPY with a high probability to make the decision for 10/30/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
1
USDJPY / OVERALL UNDER DOWNWARD PRESSURE / 4HUSD JPY 4H TIME FRAME HELLO TRADERS Supply Zone (154.685 - 154.975), This range is seen as a resistance level where the price might struggle to break above, as sellers are likely to dominate. If the price stabilizes in this zone, it suggests that a reversal could occur, potentially leading to a decline. Potential Decline to Demand Zone (150.331 - 149.075) , If the price reverses from the supply zone, the expectation is that it could drop to the demand zone, where buying pressure is higher, and the price might find support. Downtrend Confirmation , For a confirmed downtrend, prices would need to break below the demand zone, signaling strong selling pressure and possibly more declines. Uptrend Confirmation (157.135 - 157.873) , Conversely, if prices can break above the supply zone, it would signal a potential uptrend. The target in this case would be the next resistance zone, around 157.135 to 157.873.
Short
by ArinaKarayi
USDJPY bullish trend + 2 inside bars... the week of 28 Oct, 2024This pair is bullish on all time frames and price is above the 200dma, adding to my bullish bias. It is good when you can find a few reasons to take a trade and an inside bar formation is my next reason. The large bullish candle on 23/10 was followed not by 1 but 2 inside bars. This shows a period of consolidation and when it appears on a daily chart within a trending market it is a strong indicator of trend continuation. But a major s/r in the 152.80 region needs to be overcome before we look for bullish continuation. A convincing break above and a pullback to it will be the confirmation I need to take a long trade. If, however a strong move to the down side forms, that would invalidate my analysis. My initial target would be in the 157.80 region with the possibility to let some part of the trade run higher. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista