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USDJPY trade ideas

USDJPY - 4hrs ( Sell Trade Target Range 400 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 ( Short ) ——————————— Bearish Break 152.000 Area Reasons - Major Turn level - visible range Hvn - Channel Break Out - Year High Area - Day / Week low Bullish Reversal 147.000 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Target - Month High - Fixed Hvn
Short
by GoldenEngine
1
USD/JPY rally facing fundamental test with US job openings data USD/JPY remains a play on the US interest rate outlook, sitting with an incredibly strong correlation with US two-year Treasury note futures of -0.98 over the past fortnight. When short-dated US debt futures have moved in a particular direction, USD/JPY has almost always done the opposite, mirroring US Treasury yields. With there's no obvious reversal pattern in US two-year note futures in the right-hand chart, providing reason to be cautious about getting to aggressive, with the first of the week’s major US economic releases on the way in the form of JOLTs job openings for September, the risk of profit-taking in USD/JPY appears elevated. After a surprise bounce in August, markets are looking for only a minor decline in openings of 50,000 to 7.99 million. Notably, this survey tends to bounce around and we haven’t seen back-to-back increases since late 2022. That hints at the potential for a downside surprise that could spark downside for US Treasury yields and USD/JPY which have run very hard in recent weeks. If the price holds below 153.19, you could initiate shorts with a tight stop above for protection targeting a return to the 200DMA. Good luck! DS
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Short
by FOREXcom
4
USDJPY Is a Major Sell-Off Coming? Key Levels to Watch!USDJPY has been on a tear these past few weeks, charging toward some key higher timeframe resistance areas. Checking out the Monthly chart, I’m spotting what looks like a major trend reversal pattern. In July, USDJPY hit 162, and the resulting sell-off did two big things: it broke the long-term trendline and took out the last swing low from the previous leg up. (see chart below) Also, on the Monthly chart, you’ll notice that when price broke up through the 152 resistance to reach 162, there was a notable lack of momentum compared to earlier moves in this trend. We’re also seeing clear bearish divergence on the MACD—all signs of a major topping pattern and a likely trend reversal. Zooming into the weekly chart, and drawing fib retracement levels from the July drop, we’re right at the 0.618 level, aligning with the outside of the previous trendline. On the daily chart, we’ve reached what I consider a key SELL zone between 154-155. This level saw a 1500-pip drop in just days at the start of August. With three key confluences now in play and the Monthly chart showing a strong trend reversal pattern with MACD divergence, we could say “the stars are aligning” for this one. My approach? I’ll wait for the price to break above 154 and head toward 155, then turn on my TRFX indicator to look for 4-hour sell signals. Even if the market pushes higher, I’ll be on the lookout for more selling opportunities, especially if we move closer to 160. With all these factors lining up and the Bank of Japan’s interest rate decision this week, we could see a significant USDJPY sell-off. But I’ll WAIT for the SELL SIGNAL to confirm. If this major reversal takes shape, the price could drop quickly to this year’s low at 139.500, with possible profit-taking here and buyer re-entry, before pushing lower in the long term towards 127 or beyond. Note: This is a long-term, higher timeframe perspective and not a short-term trade. Let me know your thoughts below!
Short
by TheFxAce
4
USD/JPY:Bank of Japan's Steady Rates and U.S. GDP Data to Shape The Bank of Japan (BoJ) concluded its two-day monetary policy meeting on Thursday by keeping its short-term interest rate target steady at 0.25%. This decision, while in line with market expectations, sets the stage for potential market volatility, as other global economic indicators could weigh heavily on USD/JPY movement in the coming days. From a technical perspective, price action analysis reveals a notable reversal candle on the daily timeframe, aligning with a pre-identified supply area. This reversal is further supported by the Commitment of Traders (COT) report, which indicates that retail traders are largely bullish, while “smart money” or institutional investors appear to be shifting their positions to the bearish side. Seasonal patterns also suggest a possible start of a new bearish trend, adding weight to the likelihood of downward movement. In addition, today’s U.S. Advance GDP data could amplify movements if it underperforms expectations, adding pressure on the USD and further supporting a bearish outlook for the USD/JPY pair. A disappointing GDP print could, therefore, accelerate a drop in the USD, setting up the pair for a potential shift in trend. Traders and analysts alike will be closely monitoring these developments, as Japan’s steady rates, combined with potential U.S. economic softness, set the tone for potential volatility in the days ahead. ✅ 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.
Short
by FOREXN1
5
USD/JPY schould the bears take their chance ? In recent weeks, we’ve seen a massive bullish movement. I believe many have been anticipating a bearish pullback or pivot. The market has now entered my daily supply zone, with indicators suggesting a potential bearish move ahead. Switching to the 4-hour timeframe, I don’t see a supply zone that meets my criteria when looking to the left. I’ll wait for the market to establish a current supply zone, which could present an entry opportunity soon. What I’m looking for now is a clear rejection favoring the bears to confirm a strong bearish move.
Short
by Glitchz_99
4
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
2
USD/JPY Buy OpportunityUSD/JPY Buy Opportunity: Potential Upside Ahead I'm seeing a promising buy setup for USD/JPY as key technical and fundamental indicators align for a bullish outlook. Technical Analysis Support Level: USD/JPY has recently bounced from a strong support zone around , which has historically held well. Moving Averages: Price is trading above the , indicating a longer-term uptrend. This level may act as dynamic support. Trendline: A rising trendline from previous lows adds further support and confirms bullish momentum. Bullish Patterns: There's a potential , which often signals further upside. Fundamental Analysis Economic Data: Recent strong US economic data (e.g., employment numbers, inflation trends) supports a strong USD. Interest Rates: Divergence in US and Japan interest rates continues to favor USD as the BOJ maintains an accommodative stance, while the Fed hints at potential rate hikes. Trade Parameters Entry: Looking to enter around if we see strong bullish confirmation. Stop Loss: to protect against unexpected volatility. Take Profit: Targeting based on previous resistance and projected Fibonacci extension levels. Risk Management Ensuring sound risk-to-reward by setting appropriate stop-loss and take-profit levels. Will manage this position closely for any signs of trend reversal. Disclaimer Please do your own research and analysis. Trade responsibly and be mindful of market risks!
Long
by TradingArtAcademy
2
USDJPY 151.950 -0.64% LONG IDEA INTRADAY SET-UPHELLO TRADERS Hope everyone is doing great 📌 A look at USDJPY from MULTI TIME-FRAME ANALYSIS USDJPY 4H TF * Mon. opens strongly bullish with the 7am SAT pushing up but wicking out. * Trading out of a sweep on an long term high. * 4H vi above looking good for targets. * looking for long entries in correlation with the DXY * looking for PO3 rules towards the Downside to continue HIGHER. * The weekly & daily TF show we are still showing signs of a BULLISH move still. * Looking for continuation of this move. * We saw a rally with the bears, strong momentum to the downside. * Looking at the 1H FVG, this is where I would look for long entries this week. * Should this PD ARRAY hold will be LONG for the GJ intraday. * BASED on the price action served. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6
USDJPY today The USDJPY chart shows a clear downtrend after breaking out of the highlighted price consolidation zone. The pair initially held within a tight range (indicated by the shaded box), but a decisive bearish breakout occurred, signaling a shift in momentum favoring the sellers. The price is now trading below both the 34 and 89 EMAs, reinforcing the bearish sentiment. Key levels to watch include the immediate support around 151.454, which aligns with previous lows. The chart suggests further downside potential if this support level fails to hold. The projected arrows indicate potential retracement levels where price may attempt a short-term recovery before resuming the downtrend.
Short
by Pierce_Bowers
2
USDJPY H4 | Bearish Drop Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 152.60, which is a pullback resistance Our take profit will be at 150.88, a pullback support level close to 61.8& Fibo retracement and 127.2% Fibo extension The stop loss will be at 154.64, above the 127.2% Fibo extension High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
USDJPY_109 2024.10.30 17:50:03 Trading Signal BUYFrankPro Signal for USDJPY_109 Type: Screen Signal: BUY TP: 153.98 SL: 153.112 Entry Price: 153.236 Analysis for USDJPY Forecast Overall(Short-Term, Long-Term): ST= Strong Down LT= Strong Up Forecast Methods(Short-Term, Long-Term): ST=Down LT=Up ST=Down LT=Up ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement: **Short-term (next few days):** * The pair is expected to face selling pressure near 150.00, and a break below 150.05 could indicate a continued decline to below 147.25. * The mean reversion rebound may have reached an overstretched condition, suggesting a potential pause in the upside momentum. * The daily RSI has flashed a bearish condition, indicating a potential pause in the upside momentum. * FX option expiries at 151.00, 152.00, and 152.50 could influence price movements around these levels. **Expected short-term price movement:** Down **Long-term (next few weeks/months):** * The technical overview and forecast suggest that the pair is expected to test the support area near 151.65 before potentially rebounding and continuing its growth to the area above 159.05. * The Elliott Wave analysis suggests that the main scenario indicates a potential drop to levels between 138.08 and 131.25 if the price holds below 151.54, but an alternative scenario indicates a potential rise to levels between 153.88 and 156.74. * The moving averages suggest a short-term bullish trend, but a bearish correction is anticipated before further growth. **Expected long-term price movement:** Up, but with a potential bearish correction before further growth. Please note that these assessments are based on the provided analysis and are subject to change as new data and events emerge. Result: ST=Down LT=Up Analysis Method(1) Based on the provided analysis, here is my assessment of the expected price movement for the USD/JPY pair: **Short-term (next few days):** * The pair is facing selling pressure near the 150.00 level, and technical analysis suggests a potential drop to 138.08-131.25 if the price holds below 151.54. * However, the forecast for October 30, 2024, indicates an attempt to test the support area near 151.65, followed by an upward price rebound. * Given the conflicting signals, I would say that the short-term price movement is uncertain, but slightly leaning towards a **downward** movement, with a potential target of 147.25 if the pair breaks through 150.05. **Long-term (next few weeks/months):** * The US Dollar's outlook remains firm due to expectations of moderate interest rate cuts by the Federal Reserve, which could support the USD/JPY pair. * Japan's National core CPI acceleration could lead to interest rate hikes by the Bank of Japan, which could weaken the JPY and support the USD/JPY pair. * Technical analysis suggests a potential rise to 153.88-156.74 if the price breaks above 151.54, and a clearance above 149.30 could extend the mean reversion rebound to 151.95. * Based on these factors, I would say that the long-term price movement is expected to be **upward**, with a potential target of 159.05 or higher. Please note that these assessments are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up Analysis Method(2) Based on the provided analysis, here is my assessment of the expected price movement for the USD/JPY pair: **Short-term (next few days):** * The pair is expected to test the support area near 151.65, which suggests a potential short-term decline. * However, the forecast also mentions a potential rebound upwards to continue growth above 159.05, indicating a possible short-term bounce. * Overall, the short-term outlook is neutral to slightly bearish, with a possible range-bound movement between 151.65 and 159.05. **Long-term (next few weeks/months):** * The technical analysis suggests that the pair is moving within a bullish channel, indicating a long-term uptrend. * The forecast mentions a potential growth above 159.05, which supports the long-term bullish outlook. * The fundamental factors, such as the potential interest rate hike by the Bank of Japan and the US Federal Reserve's interest rate cuts, also support the long-term strength of the US Dollar. * Overall, the long-term outlook is bullish, with a potential target above 159.05. In summary, the USD/JPY pair is expected to experience a short-term decline or range-bound movement, but the long-term outlook remains bullish, with a potential target above 159.05. Result: ST=Down LT=Up
Long
by orbborisson
3
USD/JPY Slips as Verbal Intervention Boosts Yen, US Data LoomsThe Japanese Yen (JPY) found some support on Thursday following verbal intervention from officials, which helped reverse part of the previous session’s steep losses against the US Dollar (USD). This recovery dragged the USD/JPY pair down below the 152.00 region during the early European session, after hitting its lowest level since July 31 overnight. However, doubts about the Bank of Japan’s (BoJ) ability to raise interest rates further—exacerbated by Japan’s upcoming election-related uncertainties—could limit the Yen’s rebound. Key US Economic Data on the Horizon Traders are now focusing on the upcoming US economic data, which could significantly impact the USD/JPY pair. The release of the weekly Initial Jobless Claims and the S&P Global PMI figures is expected to drive market sentiment in the second half of the day. Forecasts suggest that new applications for unemployment benefits could climb towards the 250,000 mark, indicating potential weakness in the US labor market. If confirmed, this data could trigger a bearish reaction in the USD, putting additional pressure on the USD/JPY. Volatility Ahead for USD/JPY With these critical data points set to shape market dynamics, traders should brace for potential volatility in the USD/JPY pair. A higher-than-expected rise in jobless claims could challenge the recent bullish trend of the US Dollar, offering further support to the JPY. Technical Outlook From a technical perspective, the price has shown some reaction to the overhead supply zone. However, traders will likely wait for the outcome of the US economic releases before committing to a bearish setup. If the data comes in softer than expected, it could trigger a stronger JPY rebound, potentially setting up for a bearish move in USD/JPY. Conversely, if the data surprises to the upside, the pair might regain some bullish momentum. Patience is key as traders await clearer signals post-data release to determine the next directional move for USD/JPY. ✅ 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.
Short
by FOREXN1
12
UsdJpy- Will history repeat itself?As we approach the final months of the year, it’s worth noting the impact of JPY repatriation, which traditionally occurs when Japanese investors pull funds back to Japan, boosting yen demand. This trend often leads to an appreciation in the Japanese yen, affecting currency pairs like FX:USDJPY , as demand surges. Historically, this phenomenon has triggered notable yen strength. For example, last year saw USD/JPY fall by around 1,000 pips due to these repatriation flows. Assuming similar conditions prevail, we could anticipate another yen rally by this year's end. Technical Overview of USD/JPY: Currently, USD/JPY recently hit a high of around 154, moving into a key resistance area. At the time of writing, the price hovers above the horizontal support level. A decisive break below it could indicate a bearish “false break,” potentially signaling a larger downside move. Should the downtrend persist, potential targets could be set at: - Slightly under 150, - Followed by further support at 147, - And ultimately, a critical support at 141.
Short
by Mihai_Iacob
1