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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USDJPY Wave Analysis 13 December 2024 - USDJPY reversed from support zone - Likely to rise to resistance level 156.35 USDJPY currency pair recently reversed up from the support zone located between the key support level 149.20 (former low of wave ii from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from September. The upward reversal from the support zone started the active intermediate impulse wave (1). Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 156.35, top of the previous impulse wave (1).
Long
by FxProGlobal
FINAL UPDATE FOR THE USD/JPY TRADEUSD/JPY 1H - Afternoon people, this is the final update for our UJ trade, as you can see price has played out perfectly. Within 4 days our TP has been achieved with very little issues at all. Price pulled back multiple times to give us the opportunity to get introduced again and again, so if the first two opportunities I presented to you all were missed you still had the ability to get involved with a refined entry. This trade took profit for + 332 pips. (+ 16%) 16RR A big well done to any of you who got involved in this market this week based on the analysis provided and from the Sunday Sessions video, I hope you all managed the trade accordingly to make the most from the position. Its important that we take partials and apply safety measures throughout the the trade, this allows us to maximise profits from our positions whilst minimising losses. Any questions drop me a message or comment below!
Long
by Lukegforex
Fundamental Market Analysis for December 13, 2024 USDJPYFading hopes of a Bank of Japan rate hike in December are putting the JPY bulls on the defensive. Higher U.S. bond yields are supporting the dollar and putting pressure on the low-yielding yen. The Japanese yen (JPY) continues to defend against its U.S. counterpart, lifting the USD/JPY pair closer to 153.000 or a new monthly peak during the Asian session on Friday. Recent media reports suggest that the Bank of Japan (BoJ) will not raise interest rates at its upcoming meeting next week, which in turn continues to undermine the Yen. In addition, expectations that the Federal Reserve (Fed) will be less dovish continue to support rising US Treasury yields and put further pressure on the low-yielding yen. Meanwhile, the Bank of Japan's quarterly Tankan survey released today showed that business confidence of Japan's major manufacturers improved slightly in the fourth quarter of 2024. This fits well with the central bank's plans to gradually raise interest rates and could deter yen bears from aggressive bets. In addition, lingering geopolitical risks and concerns over US President-elect Donald Trump's tariff plans should help limit losses for the safe-haven yen ahead of next week's key central bank events - the Fed and Bank of Japan meetings. Trading recommendation: Watch the level of 153.000, trading mainly with Buy orders.
Long
by Fresh-Forexcast2004
USDJPY Technical Analysis! SELL! My dear friends, USDJPY looks like it will make a good move, and here are the details: The market is trading on 152.63 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 151.14 Recommended Stop Loss - 153.49 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK
Short
by AnabelSignals
1
USDJPY (10W) High Timeframe AnalysisPosition Trader's Opportunity The USDJPY pair is currently trending upwards in the long-term. However, in the short-term, we're seeing potential for a downward correction towards the significant support level of 134.51. Key Levels to Watch: PIVOT HIGH @ 204.75 SLO2 @ 198.36 ⏳Resistance, major SLO1 @ 185.44 ⏳ TP4 @ 178.91 TP3 @ 155.40 TP2 @ 140.15 Support, major @ 134.51 TP1 @ 118.20 Pivot Low @ 75.565 Trading Strategy: A cautious approach is recommended. While the long-term trend remains bullish, it's crucial to be aware of the potential for a short-term pullback. 📈Holding a long position above 185.44 is HIGH-RISK (the Supply Zone). 📉If the price breaks and closes below 152.16, it could signal a stronger downward trend. 📉 During the downtrend expect the possibility of Price Action reaching Support @ 1.3451
Long
by ProfessorCEWard
ANOTHER UPDATE ON USD/JPY TRADEUSD/JPY 1H - Well well well, would you look at how price has played out during the London session today, as you can see price has played out perfectly. Giving us the opportunity to profit on the long positions. We have seen price continue to trade us in a bullish way and provide us with some incredible profits offered to us from the analysis given in this weeks Sunday Sessions video. This trade is currently running + 295 pips. (+ 14%) 14RR A huge well done to anyone who took advantage of this analysis, the Sunday Sessions are there to offer you with trading opportunities for the start of the week, and the VIP chat as you know is for any opportunities mid week. If you are involved, be sure to take partials and apply safety measures with your positions, its important you manage these trades just as well as you place them, any questions drop me a message or comment below.
Long
by Lukegforex
USD/JPY 4H Timeframe AnalysisUSD/JPY 4H Timeframe Analysis Trend: USD/JPY is in an uptrend but has lost buying momentum. The price recently broke below two minor support levels (previously resistance) and continued falling towards the minor key support zone at 151.500. After a slight retracement, sellers pushed the price lower, hitting the major support zone at 149.000. The market is now forming lower lows and lower highs, with the trendline also broken. Price Action Expectation: The trendline and key support have been broken, signaling a shift. We expect the price to retest and break the minor support again, potentially triggering buyers' stop-loss liquidations. Once the price rises and breaks the previous minor resistance, we’ll place a buy stop order at 151.600, with a stop loss just below the liquidity zone at 150.860. Our take profit target is the next minor key resistance at 153.230. Trade Setup: Buy Stop Entry: 151.600 Stop Loss: 150.860 (below the liquidity zone) Take Profit: 153.230 (next minor key resistance) Risk: 1% Fundamental Outlook: Upcoming CPI Data: The upcoming U.S. Consumer Price Index (CPI) report is expected to impact USD/JPY. If inflation remains high, it could strengthen the U.S. dollar, leading to upward pressure on USD/JPY. Conversely, lower-than-expected inflation could weaken the dollar, creating bearish pressure on the pair.
Long
by RebornFXTrader