USDJPY 30M CHART PATTERNThis chart is a technical analysis of the USD/JPY currency pair on a 30-minute timeframe. Here's a breakdown of the chart:
Pattern Identified: An inverse head and shoulders pattern, often seen as a bullish reversal signal.
Support Zone: The green horizontal zone near 142.870 suggests strong buying interest; price has tested and bounced from it multiple times.
Entry Point: Indicated by the last green arrow (right shoulder bounce), suggesting a long (buy) position.
Stop Loss: Below the support zone (highlighted in red), protecting against a downward breakout.
Take Profit Levels:
First at approximately 144.750 (minor resistance).
Final target at around 145.856, which aligns with a previous high.
This setup aims to capitalize on the bullish reversal pattern with a favorable risk-to-reward ratio.
Would you like help calculating the exact risk-reward ratio for this trade?
USDJPY trade ideas
USDJPY Technical Outlook: SMC and Wyckoff Analysis 5 May 2025As of May 5, 2025, the USDJPY pair is trading around ¥144.30, reflecting a 0.40% decrease from the previous session. This movement follows the Bank of Japan's decision to maintain interest rates while revising growth forecasts downward, leading to a depreciation of the yen.
Technical Analysis:
Support and Resistance Levels: The pair is approaching a significant support zone near ¥143.00. A break below this level could expose the next support at ¥141.00, while resistance is observed around ¥148.00.
Relative Strength Index (RSI): The RSI is nearing oversold territory, suggesting potential for a short-term rebound.
Smart Money Concepts:
Order Blocks: A bullish order block is identified between ¥142.50 and ¥143.00, indicating potential institutional buying interest.
Liquidity Pools: Liquidity above the recent highs near ¥148.00 may attract price action if bullish momentum resumes.
Wyckoff Method Perspective:
Accumulation Phase: The recent price action suggests a possible accumulation phase, with the pair trading within a range between ¥140.00 and ¥146.00.
Spring Test: A false breakout below ¥143.00 could serve as a spring, leading to potentially high buying volume.
Fundamental Factors:
Bank of Japan (BOJ) Policy: The BOJ's decision to keep rates unchanged, despite lowering growth forecasts, has contributed to yen weakness.
Federal Reserve Outlook: Market participants are closely watching the ISM Services PMI later today and the upcoming FOMC meeting for signals on US monetary policy, which could impact USDJPY dynamics.
Conclusion:
The USDJPY pair is at a critical juncture, with technical indicators pointing to potential support near ¥143.00. Traders should monitor price action around this level for signs of accumulation or further downside. Fundamental developments, particularly central bank policies, will play a crucial role in determining the pair's direction in the near term.
USDJPY 1HThe chart you provided is a 1-hour USD/JPY (U.S. Dollar / Japanese Yen) chart showing a bearish pattern analysis. Here's a quick breakdown:
Descending Triangle Pattern: The chart outlines a descending triangle pattern with multiple lower highs (marked by red arrows) and horizontal support (marked by green arrows and a horizontal line).
Sell Zone: The area near the horizontal resistance has been labeled the "Sell Zone," indicating a likely entry point for short positions.
Breakdown Confirmation: The price has broken below the triangle’s support line, followed by a downward arrow and a label "TARGET SUCCESSFUL", suggesting that the bearish target has been hit.
Technical Interpretation: This implies a bearish sentiment with a completed breakdown and target fulfillment, likely indicating a pause or reversal opportunity ahead.
Would you like help identifying the next possible move or support/resistance levels?
Bullish Breakout from Falling WedgeThe exchange rate of the US dollar against the Japanese yen shows a slight downward trend. The opening rate of the US dollar against the Japanese yen on that day was 144.8740. During the trading session, it hit a high of 144.9890 and a low of 144.085. The latest trading price is 144.082, which is 0.60% lower than the closing price of 144.9180 in the New York foreign exchange market on the previous trading day.
Buffett has warned of the risks of the US dollar, and funds may flow to safe - haven assets such as the Japanese yen, which may have had a certain impact on the exchange rate of the US dollar against the Japanese yen. On the other hand, from a technical perspective, according to the chart data, the "Daily Chart PP" of the US dollar / Japanese yen shows that its pivot point is at 158.27, and the maximum coverage range of the corresponding support and resistance is 157.29 - 159.33. The current exchange rate is at a relatively low level and may be attracted by the lower support level.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Yen Near 146 as Trade Hopes WeighThe yen hovered near 146 per dollar Friday after a 1.6% drop, pressured by weaker safe-haven demand amid improving US-China trade prospects. China is open to talks after repeated U.S. outreach, while Japan and the U.S. wrapped up a second round of bilateral talks, aiming for a June deal. Domestically, Japan’s jobless rate rose to 2.5% in March, but the labor market stayed tight. The Bank of Japan held rates at 0.5% and cut its growth and inflation outlooks, signaling limited chances of near-term hikes.
Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
USDJPY D1 | Bullish Bounce Off 61.8%Based on the D1 chart analysis, the price is falling toward our buy entry level at 143.53, a pullback support that aligns with the 61.8 Fibonacci retracement.
Our take profit is set at 145.49, an overlap resistance.
The stop loss is placed at 141.61,a pullback support.
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USD/JPY: 145.00, Trendline ResistanceThe net result of the Bank of Japan rate decision has been Yen-weakness, with USD/JPY initially showing an explosive move with a breakout beyond 145.00. That move couldn't hold, however, with an assist from the underside of a bullish trendline helping to cap the weekly highs, leading to a push back-below the 145.00 handle.
For next week there's remaining bullish structure, which a recent higher-low at 144.00 that bulls need to defend to retain control. But given the broader backdrop of USD-strength going into FOMC, USD/JPY has bullish continuation potential, with levels at 148.00 and 150.00 as the next significant waypoints overhead. - js
Uj might be reversing- We are at a painfully large demand area.
- Price squeezing and consolidating in a dropping wedge.
- Thursday candle was a bullish harami (indicating a possible u-turn)
- Friday was the Good Friday (Market holiday), so it doesn't count
Let us patiently wait here for the price to either break the wedge or at least it hits the lower border of the wedge to place our first entry. The reversal is imminent provided we do not break the demand area. Patience is the key here.
Once we have a full confirmation to buy we will look further for targets, till then just watch it.
I will update you guys when I place my own entry. Pray hard, trade smart :) and best of luck!
Here is the close up look of the wedge:
USDJPY: Bounce on the 17 month Support starting massive rally.USDJPY is neutral on its 1D technical outlook (RSI = 50.306, MACD = -0.870, ADX = 40.251) but is on a massive bounce on the S1 Zone, which has been holding since December 25th 2023. That Low last week also approached the 1W MA200. The LH trendline is the Resistance level of this pattern (Descending Triangle) and since the last one hit the 0.786 Fibonacci, we expect this one to hit the 0.618 Fib (TP = 153.500).
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USD/JPY "The Gopher" Forex Bank Heist Plan (Swing/Day)🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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however I advise to Place sell limit orders within a 15 or 30 minute timeframe most nearest or swing, low or high level for Pullback Entries.
Stop Loss 🛑:
📌Thief SL placed at the nearest/swing High or Low level Using the 1D timeframe (148.800) Day/Scalping trade basis.
📌SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 140.000 (or) Escape Before the Target
💰💵💸USD/JPY "The Gopher" Forex Market Heist Plan (Swing/Day Trade) is currently experiencing a Bearish trend.., driven by several key factors.👇👇👇
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Sentiment: Broad bearish tilt 😟, retail as contrarian 🚨.
Trend Prediction: Downward bias 📉 across timeframes.
Outlook: Strong bearish case 🐻 with clear targets.
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USDJPY Long PositionUSDJPY pair is currently positioned at a key support zone, where price action has historically reversed direction. Following a recent rebound from this level, the pair retested the support area. Given the broader uptrend structure (characterized by higher highs and higher lows), this retest presents a potential opportunity to enter long positions, contingent on bullish confirmation at this critical juncture.
Key Observations:
Established Uptrend: The pair’s consistent upward trajectory on higher time frames supports a bullish bias.
Support Retest: The current pullback to the support zone aligns with typical price behavior in trending markets, where retests of prior levels often precede trend resumptions, but a decisive close below the support would invalidate the bullish setup, potentially signaling a trend reversal or deeper correction.
Risk Management Strategy: A prudent approach would involve placing a stop-loss below the support zone to protect against a breakdown, while targeting the next resistance level for profit-taking.
Final Assessment:
The setup aligns with bullish momentum, provided the support holds.
NNFX USDJPY Short ContinuationEntered 1% Position on USDJPY Short
Settings:
50% Scale Out at 1xTP
USD News Friday NFP secure position.
Commentary:
First trade back after a break due to burn out. Excited to be back in the markets trading Judge Fortress Algorithm signals. Double excited to begin a new chapter sharing this trade setup journal with the public and build on NNFX Advanced Tactics for Live Trading!
USDJPY Long Setup | Bullish Reversal from Value Area🧠 Technical Breakdown
🔹 Volume Profile Analysis
High Volume Node (HVN) around 144.50–145.20 indicates strong price acceptance.
Price is currently sitting on the Point of Control (POC) or near a zone with high historical transaction volume.
Low Volume Area (LVA) just above this level suggests price may move upward swiftly if buyers take control.
🔹 Key Levels
Entry: ~144.55 (current price where long position begins)
Stop Loss: Just below 144.166 (low-volume rejection zone / support)
Take Profit: ~145.183 — previous resistance level, where selling pressure appeared earlier
🔹 Structure
The previous bearish correction may be coming to an end as price stabilizes at a key support cluster.
The "open & close" line marks a significant balance point, with buyers stepping in to defend it.
Formation of potential higher low, suggesting early signs of a bullish reversal.
🛠 Trade Setup
Bias: Bullish
Entry: Current price zone ~144.55
Stop Loss: Below 144.166 support
Target: 145.183 (resistance)
Risk:Reward: Favorable (approx. 1:2)
✅ Confluences for Long Entry
Strong support zone at 144.166
High-volume accumulation zone (Volume Profile POC)
Price holding above prior open/close levels
Bullish rejection wicks forming at the bottom
⚠️ Watch For
A break and close below 144.166 would invalidate this setup.
Volatility from upcoming USD/JPY macroeconomic events — check the calendar.
🧭 Game Plan
If price continues to hold above 144.366–144.50 zone and shows bullish momentum (like bullish engulfing or strong reaction candles), this setup offers a high-probability long with clean invalidation and solid upside.
USD/JPY Bullish Setup with Ascending Trend line This is a 2-hour chart of USD/JPY showing a bullish setup. The price is currently respecting an ascending support trend line, indicating potential upward momentum. There are two marked resistance levels: the first target around 144 . and the second target near the 146.00– 146.50 zone . The chart suggests a bullish continuation if the price breaks above the first target zone, with the second target acting as a stronger resistance area. Ichimoku cloud support below the price also reinforces the bullish bias.
Could the price reverse from here?USD/JPY is reacting off the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 145.59
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection.
Stop loss: 146.75
Why we like it:
There is a pullback resistance level that line sup with the 78.6% Fibonacci retracement.
Take profit: 143.86
Why we like it:
There is a pullback support level.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
"USDJPY Crashing from Premium FVG | Liquidity Grab Confirmed!"USDJPY Analysis 🧠 | 15M Timeframe
Price tapped deep into the Premium Area, perfectly aligning with a high-probability Fair Value Gap (FVG) and Order Block confluence.
We witnessed a strong bearish reaction — classic Smart Money move in action.
Key Observations:
Price surged aggressively into the Premium Zone (~79% retracement area).
Immediate bearish reaction from the red Fair Value Gap zone.
Liquidity sweep confirmed above the previous Strong High.
Discount Area below remains unfilled, offering juicy targets.
🧠 Smart Money Concept Insight:
Institutions love to bait breakout traders by pumping into Premium Zones.
After collecting stop orders and liquidity above highs, they aggressively reverse, aiming to rebalance into the Discount Area.
USDJPY delivered a textbook liquidity grab before the sharp drop!
Current Trading Plan:
Bearish bias remains intact after the strong reaction.
TP1: Mid Discount Area
TP2: Weak Low liquidity sweep zone
SL (for any new shorts): Above the Strong High
Remember:
📚 Premium = Look for Sell Opportunities
📚 Discount = Look for Buy Opportunities
Stay laser-focused on Smart Money footprints, not noise.
📉 Emotions out, execution sharp!
USDJPYThis is a 4-hour chart of the USD/JPY currency pair with a technical analysis setup that includes the following key elements:
Chart Analysis:
Trendline Support:
The price is following an ascending trendline, confirmed by higher lows (marked by green arrows).
The recent bounce off this trendline signals ongoing bullish momentum.
Key Levels & Zones:
Daily Supply Zone: Located around 147.80–148.30, which could act as a major resistance if price rallies.
Daily Resistance: At approximately 145.735, which price is approaching.
Daily Support: Around 142.87, reinforced by trendline confluence.
Fibonacci Retracement:
Fibonacci levels are drawn from the recent swing low to high:
0.382 ≈ 144.05
0.5 ≈ 144.07
0.618 ≈ 144.51
The price recently bounced from near the 0.618 retracement and is now climbing.
Moving Averages:
EMA 9 and EMA 21 are both sloping upward, with the 9 EMA (blue) currently at 144.757 and above the 21 EMA (orange), reinforcing a short-term bullish bias.
Bullish Scenario (highlighted by arrows):
If the price holds above the trendline and the 144.50–144.75 zone, a move toward 145.92 (previous high) is expected.
A break above 145.92 could lead to an extension toward 148.28 (1.618 Fib extension), coinciding with the supply zone.
Summary:
Current Bias: Bullish, as long as price respects the trendline and EMAs.
Confirmation for Continuation: A close above 145.735.
Invalidation: A sustained break below 143.75 or the trendline could shift the bias bearish.
USDJPY Poised to Retest Broken Trendline After Dovish BOJWe discussed the potential battle between bulls and bears near the trendline in our early April post. USDJPY bears ultimately won that battle, and the 140 target was reached. You can view the earlier post here:
Following the breakdown, the 140 level acted as support, and now an upward reaction has begun. At today’s meeting, the BOJ held rates steady at 0.50% as expected, and Governor Ueda delivered a dovish message. The BOJ lowered its core inflation forecast by 0.2% to 2.2% for 2025 and to 1.7% for 2026. The GDP forecast was also revised down from 1.1% to 0.5%.
These projections suggest the BOJ lacks full confidence in consistently reaching its 2% inflation target, though it's very close. However, the risk of tariffs complicates the outlook. Tariffs could negatively impact both growth and inflation, and the BOJ will likely hold off on further rate hikes for at least a few meetings to observe early effects.
In the context of a more dovish BOJ and the dollar index stabilizing after weeks of declines, USDJPY is staging a positive correction. A retest of the broken trendline appears likely, with potential for the short-term rally to extend toward 148.50. Beyond that point, the market will face a critical decision. If the upward reaction stalls, another medium-term move back toward 140 remains a strong possibility.