USDJPY: Waiting For a Breakout to Buy⚠️USDJPY is in a strong bullish trend on an intraday chart and is currently testing a significant horizontal resistance.
I'm looking for a breakout, specifically a 4-hour candle closing above it, to enter a buy position.
A bullish break of the highlighted blue area will provide a strong signal,
About U.S. Dollar / Japanese Yen
Also known as trading the “gopher” the USDJPY pair is one of the most traded pairs in the world. The value of these currencies when compared to each other is affected by the interest rate differential between the Federal Reserve and the Bank of Japan.
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USD/JPY Bullish Reversal Trade Setup – Key Support Test at 145.2Entry Point: 145.273 (highlighted in blue)
Stop Loss: ~144.817–145.260 (purple zone)
Target Point (TP): 148.133 (upper resistance zone)
📉 Recent Price Action:
Price peaked near 148.05 before reversing sharply and breaking the trendline.
The market is currently testing the support zone (near the
Trading Recommendations and Analysis for USDJPYThe technical picture on Monday may shape future developments in the medium term. The week began a gap up, followed by the formation of a long upper shadow. The daily close occurred exactly at the support level of 146.11 thereby closing the gap.
Today's trading also opened exactly at the same level
USD/JPY.1h chart pattern.(USD/JPY 1H), the price has broken below the rising channel, suggesting a bearish move ahead. Here are the two key target levels marked on My chart:
Targets:
1. First Target: Around 144.100
2. Second (Deeper) Target: Around 143.200
These levels align with previous support zones and measured m
Lingrid | USDJPY Breakout Could Trigger Strong Bullish RallyFX:USDJPY is approaching a retest of the 144.20–144.30 support band after rebounding from a wedge breakdown and reclaiming structure within a broader ascending formation. Price remains under the downward trendline, but a successful bounce here could fuel another push toward 146. A higher low above
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 146.700 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 146.700 support and resistance area.
Trade safe, Joe.
USDJPY H2 Best Level to SHORT/HOLD TP +100/+200 pips🏆USDJPY H2 Market Update H2 chart
📊 Technical Outlook
🔸trading in well defined range
🔸trading near range highs now
🔸range highs set 148.40/148.80
🔸range lows set at 140.80/141.40
🔸strategy: SHORT SELL from resistance
🔸SL 60 pips TP1 +100 pips TP2 +200 pips
🔸swing trade setup for patient traders
USDJPYHello Traders! 👋
What are your thoughts on USDJPY?
On the USD/JPY chart, price is currently moving within a symmetrical triangle pattern and is approaching the upper trendline and a key resistance zone.
We expect that upon testing this resistance level, price will likely fail to break above it and
USD/JPY) Bearish reversal analysis Read The captionSMC trading point update
Technical analysis of USD/JPY 3-hour chart suggests a bearish reversal setup, based on smart money concepts (SMC), resistance rejection, and price action structure. Here's a full breakdown:
Technical Breakdown – USD/JPY
Big Resistance Zone (~145.800–146.300):
Pric
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the USDJPY pair is quoted as 1 USD per x JPY. For example, if the pair is trading at 1.50, it means it takes 1.5 JPY to buy 1 USD.
USDJPY is a major currency pair, i.e. a popular currency paired with USD.
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