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USDJPY trade ideas

USDJPY → False break of support gives bulls a chanceFX:USDJPY bumps into support and forms a false breakdown of the lower boundary of the local trend. The dollar is strengthening at this time, which may give a chance for growth of the currency pair. The price stops in the zone of strong support, the fundamental background has been unstable lately and depends more on the USA. Everyone has long forgotten about the growth of interest rates in Japan and follows the economic data from the West. Technically, there are two triggers on the chart, one to buy and one to sell, but since the global and local trend is upward, the preference is to buy. If the currency pair is able to consolidate above 151.9 - 151.95, then in the short and medium term we should expect growth to the targets indicated on the chart. Resistance levels: 151.94, 153.7, 153.97 Support levels: 150.95, 149.52 But, if the dollar continues the correction and the bulls fail to realize the false support breakdown, the price return to 150.95 may provoke the support breakout and fall to 148.64. Regards R. Linda!
Long
by RLinda
24
USD/JPY : Another Bearish Move Ahead ? Let's see! (READ CAPTION)By analyzing the daily USD/JPY chart, we can see that, as expected from the previous analysis, the price continued its downtrend, correcting down to 151. Currently, USD/JPY is trading around 153.620, and I expect it to resume its decline soon from the current zone (153.68 - 155.3). This analysis will be updated as price action develops. The next potential bearish targets are 152.70, 151.70, and 151. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban
Short
by ArmanShabanTrading
14
USD/JPY Approaches Demand Zone: A Contrarian Trading OpportunityThe USD/JPY currency pair is currently approaching a demand zone, prompting us to set a buy limit order in anticipation of a potential upward movement. This area is significant as it often indicates a point where buyers are likely to step in, which could lead to a reversal in price direction. At the same time, the 6J1! futures contract has already made contact with the Supply zone. This zone is crucial for our analysis, as it represents levels where selling pressure typically emerges, potentially leading to a decrease in price. We are closely monitoring this situation and are looking for a possible retest of the Supply area. A successful retest could trigger a subsequent drop in prices, aligning with our trading strategy. Interestingly, it’s worth noting that retail traders currently appear to be on the bullish side of the market, favoring an uptrend. This sentiment could create opportunities for us, as our strategy is to look for short positions despite the prevailing optimism in the retail sector. By carefully analyzing market dynamics and positioning ourselves accordingly, we aim to capitalize on potential price corrections when the market reaches key resistance levels. In summary, we are preparing to take action in both the USD/JPY and 6J1! futures markets. We're setting up for a buy in the approaching Demand area while simultaneously positioning ourselves for a short trade should the 6J1! futures retest the Supply zone and exhibit signs of a downturn. This balanced approach takes into account the conflicting trader sentiments and aims to maximize potential profit opportunities. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3
USD/JPY Technical Analysis – February 13, 2025 By BrokerirMarket Overview The USD/JPY pair has been experiencing a sharp decline, forming a strong downtrend over the past few hours. The price has dropped from a local high near 153.700 to the current level around 153.012. The downward momentum has been consistent, with little sign of immediate recovery. However, certain technical indicators suggest that a potential reversal could be on the horizon. Key Support and Resistance Levels • Support: 152.971 (Current intraday support) • Resistance: 153.345 (Projected retracement level) The price action suggests that the 152.971 level is acting as a crucial support zone. A bounce from this level could trigger a corrective move toward the 153.345 resistance area, where previous price consolidation occurred. Technical Indicators & Momentum Analysis MACD (Moving Average Convergence Divergence) • The MACD histogram is in the negative zone but is showing signs of contraction, indicating a potential slowdown in bearish momentum. • The signal line is beginning to turn upward, which may suggest an upcoming bullish crossover. Price Action & Structure • The overall structure remains bearish in the short term, but the presence of exhaustion at the current support level hints at a possible corrective retracement. • The price is currently testing a key demand zone, which has historically acted as a strong support area. Potential Scenario If buying pressure increases from the 152.971 support zone, we could see a corrective move toward the 153.345 resistance area. However, if the price fails to hold this support, further downside toward 152.900 and beyond could be expected. Conclusion The USD/JPY pair is at a critical juncture. While the immediate trend remains bearish, technical indicators suggest that a potential short-term rebound could be in play. Traders should closely monitor the price action around the 152.971 level and watch for confirmation signals before anticipating a trend reversal. This analysis is for informational purposes only and does not constitute financial advice.
Long
by SasanHATAM
5
USD/JPY - 1H Analysis & Key Levels📉 USD/JPY - 1H Analysis & Key Levels 🔴 H1 Supply Zone (SBR): 153.791 - 153.993 🟢 Daily Demand Zone: 148.715 - 149.603 📊 Possible Scenarios: 1️⃣ Bearish Rejection: Price is testing the H1 SBR zone. If it rejects, a move towards Fibonacci retracement levels (152.983 - 152.805) or deeper (153.142) is possible. 2️⃣ Break & Retest: If price breaks above 153.993, bulls may target new highs. 💡 Trading Plan: ✅ Watch for rejection at 153.791 - 153.993 for potential short entries. ✅ Monitor 152.805 - 153.142 as possible retracement buy zones. ✅ A confirmed break below 152.500 could signal further downside towards 149.603. #FXFOREVER #USDJPY #ForexTrading #SmartMoney #PriceAction #JPY
Short
by FXFOREVER_87
1
USD/JPY 1HOUR CHART TECHNICAL ANALYSIS NEXT MOVE POSSIBLE This chart is a technical analysis of USD/JPY on the 1-hour timeframe, showing a successful breakout prediction. Here’s what it means: Breakout Move: The price surged past resistance and reached the red circled area at the top, indicating a strong bullish move. Target Confirmation: The yellow zone around 153.635 was the first confirmation target, which was successfully hit. Potential Reversal Setup: The chart suggests a possible pullback to the lower red zone, marked as "Setup," where a new trade opportunity might arise. It seems like you predicted this breakout correctly. Are you planning to update your TradingView post with this result?
Short
by DavidHills110
2
Short All weekly momentum indicators IMACD, RSI and Stochastic) are all bearish, so I have been looking for a short opportunity in 4H and daily charts. $151.85 is the major resistance and support zone (black horizontal line in the chart).  On Feb 6, USD/JPY broke and closed below the area, but it failed to continue to the downside. In the following few days, it retraced to Fib 0.5 area but started to move down. Today the price broke below Fib 0.236.   I like the yesterday's strong red candle, cancelling all the buy pressure from the previous day.  I opened a short position this morning.   Entry at $152.83. Stop Loss: $155.145 Target 1: $149.52  (move stop loss to the entry level once it hits this level) Target 2: $147.395
Short
by EbonyFalcon
2
USDJPY The Target Is DOWN! SELL! My dear followers, I analysed this chart on USDJPY and concluded the following: The market is trading on 152.25 pivot level. Bias - Bearish Technical Indicators: Both Super Trend & Pivot HL indicate a highly probable Bearish continuation. Target - 151.93 About Used Indicators: A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes color, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy. ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
2
Short opportunity coming in 1H ?$151.850 is a major resistance and support area. USDJPY failed to reclaim the recent ATH and it is currently hovering around that major R/S area. All daily momentum indicators are in the bear zone so my overall bias is bear. When you look at 1H RSI, you can see the RSI lines are travelling inside the ascending parallel channel. I will open a short position IF the RSI lines breaks below the bottom ascending line, and 1H candle closes below EMA 21and the major R/S line, I am going to use a 15 min chart to find an entry. You can see the idea for the trading entry, S/L and, P/T in the 15 min chart.
Short
by EbonyFalcon
2
USDJPY - Analysis and Potential Setups (Intraday- 10.02.25) Overall Trend & Context: The OANDA:USDJPY pair is in an overall downtrend on the higher time frames and has reached highly significant support/demand levels. Lower time frame has given bullish indications, we can try to capitalize on this. Technical Findings: Price broke above the 200 EMA - this can act as dynamic support so watch current levels. Demand zone was formed after sweeping internal liquidity (which resulted in an impulsive bullish break). RSI shows overbought conditions - resulting in a pullback which is what we want to see to confirm price action (currently trading below the 50% level of the RSI) Potential Scenarios: Since we have seen a reaction off HTF supply zones we should wait for proper confirmations prior to entry. If the demand fails, short positions should be considered - analysis will need to be adjusted to adapt to changing supply levels.
Long
by Apexfx_Alpha
1
USD/JPY Exchange Rate Recovers from Yearly LowUSD/JPY Exchange Rate Recovers from Yearly Low As shown on the USD/JPY chart, today the exchange rate aggressively surged above the 153 yen per US dollar level. This marks a strong recovery from the yearly low of around 151 yen per dollar, set last week. Today's bullish momentum developed following a statement from Japan's Minister of Industry, Yoji Muto, who mentioned that the government had asked the United States to exempt Japan from the tariffs imposed by the Trump administration. Can the USD/JPY rise continue? Technical analysis of the USD/JPY chart reveals that key extremes over the last three months form the contours of an upward channel, with: → From a bullish perspective: The exchange rate is rising towards the median, which tends to "attract" the price as demand and supply balance in this region. → From a bearish perspective: The 154 yen per dollar level, which acted as support in February (shown by arrows), may hinder further growth. The future direction of the USD/JPY pair largely depends on a key upcoming news release, which could have a significant impact on the US dollar’s value against other currencies. At 16:30 GMT+3 today, the CPI report will be published, shedding light on the current inflation situation. Be prepared for potential volatility spikes. Trade on TradingView with FXOpen. Consider opening an account and access over 700 markets with tight spreads from 0.0 pips and low commissions from $1.50 per lot. 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
2