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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USD/JPY (UJ) Analysis (Daily Timeframe)The USD/JPY pair has been following a clear market cycle, transitioning from distribution to markdown , followed by accumulation , and now entering a bullish markup phase , showcasing strong bullish momentum. Key Observations: Market Phases: Distribution Phase: The bullish move ended near the 162 level , where sellers gained control, initiating a markdown. Accumulation Phase: After a significant markdown, UJ found a base around the 140 level, forming an accumulation phase with demand coming back into the market. Current Phase: The pair has now broken out of accumulation and is in a bullish move, with a well-defined structure of higher highs and higher lows. EMA Surfing and Momentum: The price is currently surfing upward along the EMAs , showing strong trend-following behavior with EMAs acting as dynamic support. The tightening of the EMAs during the accumulation phase has now expanded , supporting the continuation of the bullish move. Scenarios to Watch: Continuation to Targets: USD/JPY could continue its bullish momentum toward the short-term target near 159 and potentially the medium-term target around 162. This aligns with the ongoing strength in the USD and the current bullish structure . Pullback for Reaccumulation: A potential retracement could act as a reaccumulation phase, gathering liquidity before resuming the uptrend.
Long
by TraderOuss_LumaNex
USDJPY – in accumulation phase but undoubtedly bullish .. 13 JanWeekly – Bullish, although it has been consolidating for the past 3 weeks. Daily – same as weekly. Please note that the bears have been unable to push price lower. Price is well above the 200dma. The area around 156.20 was has been tested multiple times and provides solid support (was resistance earlier). H4 – In line with the weekly and daily charts. A pullback to 156.20 and a bullish bounce there would be ideal, however that may not happen. We could see bullish price action even earlier. I will be monitoring PA closely and look for taking an entry whenever I see convincing bullish strength. An obvious target would be the next resistance in the 161.70 region. This is not a trade recommendation, merely my own analysis. Trading carries a high level of risk, so only trade with money you can afford to lose and carefully manage your capital and risk. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
Dollar-yen hovers around six-month highsAs with euro-dollar, the main fundamental factor recently for dollar-yen has been monetary policy. The Bank of Japan’s recent moderate hawkishness seems more questionable now with real annual wages having fallen recently while the Fed seems to be confirmed to cut only twice this year. The break above ¥158 in the last few days hasn’t led to a clear breakout but a small retracement lower. In the context of the slow stochastic having signalled overbought consistently for nearly a month now, that might suggest that consolidation or possibly losses are more likely than another immediate movement upward. ATR has been extremely low recently, which could also signal a change of direction. Within the wide channel between ¥161 and ¥150 there’s considerable scope for movement around important upcoming data from the USA. A more positive NFP would usually suggest higher inflation also, but there are exceptions to this. This is my personal opinion which does not represent the opinion of Exness. This is not a recommendation to trade.
by Michael_Stark_Exness
#USDJPY 2HUSDJPY (2H Timeframe) Analysis Market Structure: The price is currently testing a key resistance level, which has previously acted as a barrier to upward movement. Signs of rejection at this level indicate potential selling pressure. Forecast: A sell opportunity is anticipated if the price continues to face rejection from the resistance zone, signaling a possible move downward. Key Levels to Watch: Entry Zone: Near the resistance level after confirmation of rejection. Risk Management: Stop Loss: Placed above the resistance zone or recent swing high to minimize risk. Take Profit: Target the nearest support levels for potential downside movement. Market Sentiment: Selling pressure is expected to dominate as long as the price remains below the resistance level, maintaining a bearish outlook.
Short
by PIPSFIGHTER