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USDJPY trade ideas

USDJPY: Volatility and Key LevelsThe recent trend of the USD/JPY has been highly volatile. On the economic data front, the rise in Japan's unemployment rate and the decline in corporate capital expenditure have triggered selling pressure on the Japanese yen. However, factors such as corporate wage growth provide grounds for the Bank of Japan to consider raising interest rates. From a technical perspective, key support levels are situated around 147.7 and 146.5, whilst the resistance levels are now between 150 and 151. Amid the ongoing battle between bulls and bears, the pair is likely to continue trading within the range of 147.00-149.00. That said, given the current upward momentum, a technical pullback followed by further gains in the short term cannot be ruled out. USDJPY buy@148.000-149.000 tp:150.000-151.000 I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Long
by JohnGonzalez7
USD/JPY 15M Prediction for 21-01-2025 - Key Demand & Supply Zone📊 USD/JPY 15M Prediction for 21-01-2025 - Key Demand & Supply Zones! 📈 Current Price: 149.405 🔴 Supply Zone: 149.826 - 149.847 🟢 Demand Zones: ✔ 149.201 ✔ 148.970 ✔ 148.696 📌 Trading Outlook: Price is currently near resistance. If it rejects the 149.847 supply zone, we may see a retracement towards 149.201 or 148.970. If price breaks above 149.847, bullish momentum could push it higher. ⚡ Trade Setup: 🔻 Sell Near: 149.826 - 149.847 🎯 TP1: 149.201 🎯 TP2: 148.970 🛑 SL: Above 149.900 #USDJPY #ForexTrading #PriceAction #SmartMoney #TradingAnalysis 🚀📊
Long
by FXFOREVER_87
Short Opened 4 short positions (1 trading side divided into 4 small sizes): 148.622 has been the major support area  USDJPY was struggling to break below since last December, however, it finally broke and closed below that level on March 4th 25 (red vertical line in 4H chart).   Since then, USDJPY has been oscillating between 150.24 and 146.55, but this morning it decisively broke and closed below the key level.   Price is below EMA 200 in Daily and 4H. Daily MACD is in bear territory and Daily stochastic has reached over bought territory and starting to come down. All momentum indicators in 4H are forming negative divergence.   Entry price - 148.556 S/L - 149.39 (just above the previous week high) Target 1: 147.30 (previous low in 4H) Target 2: 146.55 (previous low in 4H)  Target 3- 145  Target 4: 142.26 (Fib 1.618 in Daily)  If Target 1 and 2 are hit successfully, I will adjust SL   I will update the progress. 
Short
by EbonyFalcon
USD/JPY - Breakdown Confirmation & Potential DeclineUSD/JPY - Breakdown Confirmation & Potential Decline Chart Overview: The USD/JPY price action has broken down from a previously established ascending channel. A lower high formation suggests weakening bullish momentum, indicating a potential continuation of the downtrend. The key support zones are marked below, with the price likely to move towards these levels if bearish momentum persists. Technical Analysis: Breakdown Zone: The price has breached the lower trendline of the ascending channel, confirming a bearish breakdown. Resistance Levels: The price faces resistance around 0.0067786 - 0.0068488. Support Targets: Possible downside targets at 0.0066848, 0.0066012, and 0.0065720. Bearish Confirmation: A retest of the breakdown level followed by rejection strengthens the bearish outlook. Trade Consideration: Bearish Bias: A short position could be considered if the price fails to reclaim the broken trendline. Stop Loss: Above the breakdown zone to avoid potential fakeouts. Target Levels: Lower support zones for potential take-profit areas. Conclusion: The breakdown from the rising channel suggests a shift in market sentiment, with a bearish move likely. Traders should monitor price action for further confirmations.
Short
by PIPsOptimizer
JPY/USD Breakout from Falling Channel – Bullish Trading SetupOverview of the Chart: The Japanese Yen (JPY) against the U.S. Dollar (USD) 1-hour chart showcases a well-defined market structure, transitioning from a downtrend within a falling channel to a breakout with bullish momentum. The chart highlights critical support and resistance levels, a confirmed breakout, and a forecasted price movement that could indicate further bullish continuation. This analysis will break down the chart patterns, technical indicators, and potential trade setups, providing a professional outlook on price action behavior. Technical Breakdown of the Chart 1. Falling Channel Pattern – Downtrend Phase The price had been trading within a descending channel, marked by two parallel trendlines (blue lines), indicating a controlled downtrend. A falling channel is a bullish reversal pattern, as it signals that bearish momentum is weakening. Within the channel, price action consistently created lower highs and lower lows, adhering to the structure of the pattern. The red dashed trendline inside the channel acted as a dynamic resistance, rejecting price movements multiple times before the breakout. 📌 Key Observation: The falling channel pattern suggests accumulation, where selling pressure gradually diminishes, paving the way for a bullish reversal. 2. Support Zone & Bullish Breakout The price eventually reached a strong horizontal support level (highlighted blue zone at the bottom), which acted as a critical demand area. This support level had previously led to strong rebounds, making it a significant zone for potential reversals. Bullish breakout confirmation: A strong bullish candle closed above the upper boundary of the channel, breaking the trendline resistance. The breakout suggests a shift in market structure from a downtrend to an uptrend, as buyers regained control. The price has now moved above the previous resistance, confirming the bullish momentum. 📌 Key Takeaway: The breakout is a strong signal that sellers have lost control, and a potential bullish trend could emerge. 3. Resistance Zone – Key Barrier for Buyers The next area of interest is the resistance level (highlighted in a blue rectangular zone). This level has historically acted as a strong supply zone, where price previously struggled to break through. If the price manages to sustain above this level, it would confirm bullish continuation toward higher price targets. 📌 Technical View: If buyers break past this resistance, it could lead to a strong bullish rally, reinforcing the new uptrend. 4. Target Projection & Forecasted Price Movement The chart outlines a forecasted bullish path using a zigzag projection (black lines). Here’s the expected price action: Short-Term Movement: Price might face temporary resistance near the blue resistance zone. A minor pullback or consolidation in this area is expected before further movement. Retest of Support: If price pulls back, it could retest the broken channel resistance or the support zone. A successful retest and bounce would validate the strength of the breakout. Bullish Continuation: If the resistance zone is broken, price is likely to continue toward the target level of 0.006842, a previous swing high. This level acts as the final upside target based on historical resistance levels. 📌 Key Insight: The market structure suggests that price will follow a higher-high, higher-low pattern, which is characteristic of an uptrend.
Long
by GoldMasterTrades
USDJPYKey Levels: Support Levels: 147.710 – First support zone (potential buy area). 147.230 – Stronger support level where price may react if it continues downward. Resistance Levels: 149.500 – Key resistance level if the price reverses bullish. Trade Setup: A short position is anticipated with entry after a pullback towards a minor FVG. Take Profit: Near 147.710 or deeper at 147.230. Stop Loss: Likely above the broken trendline or at a key resistance zone (149.500). A long position could be considered at 147.710 or 147.230 if price shows bullish signals.
Long
by Tdawly_Official
USDJPY SHORT - long term downtrend continuationThe white line on the chart is a path drawn from the daily chart, we have had a nice correction to the green line marked on the chart. Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th. If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the trade but for now all signs show a continuation of the downward trend.
Short
by craiguu1z1
Fundamental Market Analysis for March 20, 2025 USDJPYThe Japanese yen (JPY) attracted buyers for the second consecutive day and strengthened to a new one-week high against its US counterpart during the Asian session on Thursday. Expectations that strong wage growth could boost consumer spending and contribute to higher inflation give the Bank of Japan (BoJ) room to raise interest rates further. This has led to a recent sharp narrowing of the rate differential between Japan and other countries, which continues to support the low-yielding yen. In addition, uncertainty over US President Donald Trump's trade policy and its impact on the global economy, as well as geopolitical risks and the political crisis in Turkey, are contributing to inflows into the Yen. The US Dollar (USD), on the other hand, is struggling to gain meaningful momentum amid increased economic uncertainty amid US President Donald Trump's trade tariffs. This, in turn, is weighing on the USD/JPY pair and contributing to the intraday decline. However, interest rate differentials, the Bank of Japan's loose monetary policy, the trade balance differential and global market sentiment put pressure on the Japanese yen. The further direction of the USD/JPY pair lies on the upside. Trading recommendation: BUY 148.400, SL 147.600, TP 150.100
Long
by Fresh-Forexcast2004
JPYUSD:Reach the targetOur long strategy for JPY is currently approaching the target position. Start closing the orders when it reaches the vicinity of the resistance level at 151 - 151.5. I will keep sending accurate signals. Currently, my account balance has grown from an initial $40,000 to $700,000 in profits. I will share accurate trading signals every day, and you have the option to copy my trading orders. If you're interested in getting these signals, you can click on the link below this article.
Short
by KentJessie6
USD/JPY Bearish Continuation📉 Trend Analysis: The chart shows a breakdown from an ascending channel, indicating a potential bearish reversal after an extended uptrend. Price has formed a descending channel, reinforcing the short-term bearish structure. 🔍 Key Levels: Sell Zone: Around 0.0066848 - 0.0066919, acting as resistance. First Target: Around 0.006490, a strong support area. Second Target: Around 0.0065692, marking a deeper level of bearish continuation. Final Target: Around 0.0064632, a critical demand zone. 📌 Trade Plan: Look for sell entries on a possible pullback to the resistance zone. Confirmation through rejection candles or continuation patterns could strengthen the bearish case. ⚠ Risk Management: Stop loss above the previous resistance around 0.0067184. Take profits gradually at key support zones.
Short
by PIPsOptimizer