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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USD/JPYSS - 30 mins Sell Key Observations: 1. Chart Patterns: Head and Shoulders Formation: On the left side of the chart, the head and shoulders pattern signifies a bearish reversal, providing a precursor to the downtrend. Falling Wedge: Following the bearish move, the falling wedge pattern acted as a potential pullback and consolidation phase before continuing the trend. Rectangle Formation: The consolidation within the rectangle pattern highlights the indecision phase before price continuation. 2. Resistance Zone: Critical Resistance Zone: The trade setup shows the price approaching a well-defined resistance zone around 151.800. This area is marked with multiple rejections, signaling strong selling pressure. Price Rejection Candlesticks: Recent candlestick patterns, such as long wicks, further indicate seller dominance near this level. 3. Moving Averages and Trendlines: Dynamic Resistance: The chart includes moving averages that align with the resistance zone, creating an additional barrier for price continuation. Downtrend Continuation: Price movement follows a descending trendline, reinforcing bearish sentiment. 4. Confluence Levels: Fibonacci Retracement Levels: If Fibonacci levels were applied, the price is likely rejecting a key retracement zone (e.g., 0.618), adding confluence to the sell bias. ADR (Average Daily Range): The ADR levels suggest price is nearing its expected daily range, reducing the likelihood of further upside. Technical Factors Supporting the Sell Position: Resistance Rejection: Price action indicates multiple failed attempts to break above the resistance level, validating the bearish setup. Bearish Momentum: Indicators such as RSI might be showing overbought conditions or bearish divergence, signaling a potential trend reversal. Range Expansion and Compression: The price is nearing the top of a range, with high probability for reversion to the mean or a move toward the lower bound. Risks and Considerations: Breakout Potential: If the price closes decisively above 151.800, it could invalidate the bearish setup and trigger a bullish continuation.
Short
by tamrobert20
Fundamental Market Analysis for December 10, 2024 USDJPYDoubts about the Bank of Japan's ability to keep raising rates proved to be a key factor undermining the yen. The Japanese yen (JPY) lost ground against its U.S. counterpart for the second straight day on Tuesday and lifted the USD/JPY pair to a one-week high, above the mid 151.000s during Tuesday's Asian session. Uncertainty over how soon the Bank of Japan (BoJ) may raise interest rates again has JPY bulls on the defensive. In addition, the overnight rebound in US Treasury yields from October lows undermines the low-yielding Yen. Furthermore, the US Dollar's post-NFP rebound from near one-month lows, backed by expectations of a less accommodative stance from the Federal Reserve (Fed), acts as a tailwind for the currency pair. That said, the softer tone of risk sentiment, concerns that US President-elect Donald Trump's tariff plans could trigger a second wave of global trade wars, and geopolitical tensions help limit deeper losses for the safe-haven yen. Traders may also refrain from aggressive bullish bets on the USD/JPY pair and prefer to wait for the release of the latest US consumer inflation data due on Wednesday. The all-important Consumer Price Index (CPI) report will be seen as a fresh signal that the Fed is going to cut rates. This, in turn, will stimulate demand for the dollar and provide meaningful momentum to the currency pair ahead of the central bank's key events next week. Trading recommendation: Trade mainly with Buy orders from the current price level.
by Fresh-Forexcast2004
#001 New DCA USDJPY Short RangeShorting USDJPY. I am restarting my count. I think I have to trade less and be specific if I am trading ranging or trending market. Also be willing to accept the fact that price might not be working in my intended idea and to close the trade out for a loss instead of dca-ing even more. But also, to not multiply my positions as much as I can and to keep my multipliers reasonable. DCA less and at more prominent areas of value, focus on Hourly Time Frame and above because it provides a higher pip TP than 15 minutes time frame where I take on average 40cents as compared to now I am taking 1$ or so per position while risking 0.01cents SGD. 1345SGT 10122024 21 DAYS TO 2025. Also, stochastic 20,1,1 and swings is a very good tool to tell if price is trending or ranging.
Short
by ProfessionalDuckHunter
USDJPY InsightHello, subscribers! It's great to see you all here. Please feel free to share your personal opinions in the comments. Don’t forget to hit the like button and subscribe! Key Points - Chinese President Xi Jinping emphasized the need for more proactive fiscal policies and moderately accommodative monetary policies. The Politburo also stressed the importance of actively boosting consumption, enhancing investment efficiency, and expanding domestic demand in all areas. - Markets interpreted this as a signal that China might implement stronger easing measures. - On December 11, the U.S. November CPI will be released. Markets expect the Core CPI to rise by 0.3% month-on-month. - The Bank of Canada is expected to cut rates by 50 basis points, while the European Central Bank is projected to lower rates by 25 basis points. - The Reserve Bank of Australia has decided to hold its policy rate steady at 4.35%. Key Economic Indicators - December 10: Germany’s November Consumer Price Index - December 11: U.S. November CPI, Bank of Canada interest rate decision - December 12: ECB interest rate decision, U.S. November Producer Price Index - December 13: U.K. October GDP USD/JPY Chart Analysis After encountering resistance at the 157 level, USD/JPY experienced a significant drop over the week, reaching the vicinity of 148.500. However, it rebounded successfully and recovered to the 151 level. Nevertheless, with the 152 level acting as resistance, it remains uncertain whether the pair can break through this area. Given the abundance of market-moving events this week, determining the direction is challenging. If the pair holds above the 149 level, it could rise toward 154, while a decline below 149 could see it drop as far as 140.
Long
by shawntime_academy
RESULTS ON USD/JPY SO FARUSD/JPY 1H - As you can see from the analysis above the analysis that was provided back on the 1st December has played out exactly as predicted, we wanted to see structure break to the upside then pullback before taking off. As you can see price has done exactly that, we have seen price trade up breaking structure initially, telling us retail traders that the trend is reversing to the upside. We then saw price begin trading down and into an area of interest. The trade above is running + 150 pips. (+ 7%) 7RR This giving us the opportunity to buy into this market at a good price, one that was more refined and cheaper than where it was at initially. You can also see the most recent analysis performed on this weeks Sunday Sessions video. I have gone ahead and put a trade out on screen so you can see how that most recent analysis has performed, price has played out perfectly generating some healthy returns. I feel we will see price now trade up and into the Supply Zone above.
Long
by Lukegforex
identifying key areas of Support and ResistanceSupport Support is the price level at which demand is thought to be strong enough to prevent the price from declining further. The logic dictates that as the price declines towards support and gets cheaper, buyers become more inclined to buy, while sellers become less inclined to sell. Identically, when the price reaches these support levels, it tends to rise because there is more buying pressure than selling pressure. Resistance Resistance is the opposite; it's the price level at which selling pressure is strong enough to prevent the price from rising further. As the price rises towards resistance, sellers become more likely to sell and buyers become less inclined to buy. When the price hits these resistance levels, it struggles to rise further because the selling pressure exceeds the buying pressure.
by dominicdrock
USD/JPY Analysis - Bulls Ready to Charge!Daily Context: The daily timeframe remains firmly bullish , respecting structure and showing strong upward momentum. My long-term target is set at 161.92 , aligning with the broader trend. 4H Perspective: After a classic distribution phase , the market has shifted structure and is now accumulating at a key daily demand zone . This zone serves as a strong foundation for the next bullish move. Trade Plan: I’ll wait for a clear breakout of the accumulation zone. My medium-term target is 156.74 , where I’ll reassess market conditions. If the markup phase aligns, I’ll ride the bullish wave to the next target. 💡 Patience is key—let the market come to you!
Long
by TraderOuss_LumaNex
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