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USDJPY trade ideas

USDJPY Downside continuation below 145.85The USDJPY currency pair is displaying a bearish sentiment, consistent with the broader downward trend. Price action is currently in a sideways consolidation phase, suggesting indecision as the market pauses before a potential directional move. Key Resistance Level: 145.85 — This level represents a prior intraday consolidation zone and serves as a key pivot for the next move. Support Targets: If the pair rallies toward 145.85 and is rejected, expect renewed bearish momentum targeting: 143.00 (initial support) 142.25 (intermediate support) 141.40 (long-term support level) On the other hand, a confirmed breakout and daily close above 145.85 would invalidate the bearish outlook and suggest growing bullish momentum. In that scenario, price could aim for: 146.85 (near-term resistance) 147.60 (extended upside target) Conclusion: USDJPY remains technically bearish within a consolidation pattern. A rejection from the 145.85 resistance zone would confirm a continuation toward lower support levels. However, a daily close above 145.85 would shift sentiment to bullish, potentially triggering a retest of higher resistance levels. Traders should closely monitor the price reaction around the 145.85 level to confirm direction. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
USDJPY | Bullish Continuation Above 144.93, Eyes on 146.33USDJPY | The price is trading around 145.33, and has already broken and stabilized above the pivot line at 144.93, which indicates a potential bullish continuation. As long as it holds above this pivot, the pair may continue to push higher toward the resistance zone at 146.33, and if broken, could extend to 147.82. However, short-term retracement to test the pivot area again is possible before resuming the bullish trend. Pivot: 144.93 Support: 144.50 – 144.26 – 143.84 Resistance: 146.33 – 147.82 – 149.92
Short
by SroshMayi
1
USDJPY - Shorts📉 How This Sell Setup Could Have Been Traded – USDJPY, 15min This is a great example of how the ELFIEDT RSI + 3SD Reversion Strategy can help identify short-term exhaustion and provide a clean sell opportunity. 🔻 What Happened in This Example: Double Sell Signal Fired Two "DOWN" signals printed at the top of the move, indicating that price had pushed significantly beyond its upper volatility band, with RSI showing an overbought condition and volume confirming the move. Price Exhaustion Candle The second signal came after a strong wick rejection (long upper wick), suggesting buyers were losing control. This type of candle acts as a reversal clue — especially powerful when backed by the indicator. Momentum Shift in RSI Shortly after the signal, RSI began rolling over and crossed below its smoothing average, confirming that the upward momentum was fading. Sharp Reversal Price quickly sold off after the signal cluster, offering a clean short with minimal drawdown and solid follow-through. ✅ How You Could Have Traded It: 📌 Wait for the “DOWN” signal(s) to print, signaling a statistically overbought zone. 📉 Look for a reversal-style candle near the signal — like a bearish engulfing or long upper wick (as seen here). 🔎 Confirm that RSI is starting to turn down from an extended zone. 🛑 Place a stop just above the signal wick and aim for a reward that aligns with the next support or a 1:2+ target. 🔁 Bonus Tip – Multi-Timeframe Filter: If the same signal zone shows up on a higher timeframe (like the 1H), this becomes a high-conviction sell setup. Look for alignment across 15min and 1H for best results. This setup shows how the ELFIEDT strategy blends data-driven exhaustion signals with visual price action for clean intraday reversals.
Short
by ElfieTrader
Current USD/JPY Trend Analysis and Trading RecommendationsOn Wednesday, the USD/JPY attracted buyers for the second consecutive day, trading near 145.20 in the early European session, close to a two-week high. Japan's May CGPI rose 3.2% YoY, the slowest pace since September last year, potentially easing BOJ rate hike pressure and weakening the JPY. Additionally, optimism over a framework agreement in U.S.-China trade talks dented the JPY's safe-haven appeal. Technically, the price holds above the 200-period SMA on the 4-hour chart and breaches the 145.00 psychological level, with oscillators tilting bullish. A valid break above 145.30 (Tuesday's high) would confirm the bullish setup, targeting the 146.00 integer mark and 146.25-146.30 resistance zone. USDJPY buy@145.000-145.200 tp:145.600-146.000
Long
by EvanField
USDJPY 1HThis chart illustrates a USD/JPY (U.S. Dollar / Japanese Yen) price action setup on the 1-hour timeframe with a potential bearish reversal pattern forming. Key Observations: 1. Rising Wedge Pattern: The price is moving within a narrowing range (highlighted by the two converging trendlines). A series of higher highs and higher lows is visible, but momentum appears to be weakening. 2. Rejection at Resistance (Red Arrows): Several attempts to break the upper resistance line failed. Each red arrow indicates strong selling pressure at those peaks. 3. Support Zone (Green Arrows): The lower trendline (acting as support) was tested multiple times and held—until now. 4. Breakdown Anticipated: The orange path suggests a projected move downward if the wedge breaks. The price has started to move below the wedge, signaling a possible breakdown. 5. Target TP (Take Profit): Marked at around 143.600, based on the height of the wedge or past support zones. This target aligns with prior swing lows, making it a reasonable objective. --- Interpretation: The chart anticipates a bearish reversal from the rising wedge pattern. A short position might be considered on confirmation of the breakdown with stops above the last swing high (~145.200). Traders are targeting a move to the 143.600 area. Let me know if you want help analyzing this trade idea further or need other timeframes or indicators added.
Short
by Alpha_Gold_Trader
Wednesday IdeaAll eyes seem to be on the US China talks so keep an eye on that. Upcoming reports: Today we have the core inflation year over year being produced. Estimated at 2.9 previously 2.8. This is an important indicator. This will give you an idea of purchasing power of a currency and potential direction of central bank policy. The UDS/JPY currency pair is sensitive to inflation trends in both the US and Japan. If we get a higher percentage, it typically results in a higher price for a list of reasons like bond yields risings, and anticipation of tighter monetary policy. A lower rate indicates the Fed could pause or cut rates sooner this could result in reducation of appeal of USD denominated assets. While these economic reports are important pay close attention to the US China talks which are going to have the most implications on price. Targets: Buy 145.321 (looking for a test of resistance around 145.988) Sell 144.681 (look for retest around 144.725) There's been a lot of consolidation around this area so be sure to lock in profits when you have them even a small gain is better than nothing. I will be publishing my trading strategy that I've been coding for a while now it will be public so completely free. I hope it helps understand conditions of market for those who need help and offers opportunities to enter market at ideal times to reduce overtrading. It will be my first published strategy, and I am working on more.
by OrangeSodaOfficial
Bullish continuation?USD/JPY has reacted off the pivot which aligns with the 38.2% Fibonacci retracement and could rise to the 1st resistance which is a pullback resistance. Pivot: 144.27 1st Support: 142.64 1st Resistance: 146.15 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Long
by ICmarkets
Pound slips on weak UK jobs data | FX ResearchOvernight, dollar-yen reached an 8-day high but retreated after Bank of Japan Governor Ueda noted that Japan's inflation is still below the 2% target and the low policy rate limits economic stimulus options. Meanwhile, the pound weakened as UK employment dropped by 109,000 in May—the largest decline in 5 years—with wage growth slowing to 5.2%, signalling potential for Bank of England rate cuts. The dollar strengthened overall, boosted by a strong U.S. NFIB small business optimism index surpassing expectations. On the central bank front, ECB’s Holzmann dissented against a recent rate cut and suggested maintaining current rates through the summer to avoid reigniting inflation. Attention now shifts to the Fed's upcoming FOMC decision and a speech by the ECB’s Vujic. U.S. stock futures remain steady as U.S.–China trade talks continue, though market sentiment remains cautious due to a lack of concrete progress. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Bullish continuation?USD/JPY has bounced off the support level which is a pullback support and could rise from this level to our take profit. Entry: 144.41 Why we like it: There is a pullback support level. Stop loss: 143.98 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Take profit: 146.07 Why we like it: There is a pullback resistance level. Enjoying your TradingView experience? Review us! 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.
Long
by VantageMarkets
USD/JPY Battle Lines Drawn at Key Support- CPI on TapUSD/JPY plunged 4.4% into the close of May- The bears have been unable to break the 2021 original slope line, and the immediate focus is on a breakout of near-term range above support. Initial weekly resistance is now eyed with the May high-week close (HWC) / 61.8% retracement of the May decline at 145.63-146.15- a breach / weekly close above this level would be needed to suggest a larger rebound is underway. Subsequent resistance objectives eyed at the December low / May high at 148.65 and the 52-week moving average (currently ~150.08). Ultimately a weekly close above the 61.8% retracement of the yearly range / 2022 & 2023 highs at 151.62/95 would be needed o threaten resumption of the broader multi-year uptrend in USD/JPY. Weekly support rests with the yearly low-week close (LWC) at 143.68 with a close below the 2021 slope needed to fuel another run at key support (multi-year bullish invalidation) at the yearly lows near 139.58-140.49- a region defined by the December 2023 & 2024 lows and the 61.8% retracement of the 2023 advance. Look for a larger reaction there IF reached. Subsequent support objective seen at the 100% extension of the 2024 decline / July 2023 swing low around 136.51-137.24. Bottom line: USD/JPY is trading just above multi-year uptrend support with a tight-range in view early in the month. From a trading standpoint, the immediate focus is on a breakout of the 143.68-146.15 range for guidance here with the yearly downtrend vulnerable while above the 2021 trendline. Look for the breakout in the days ahead. -MB
by FOREXcom
1
Investors Await Tariff Negotiation News with Bated BreathThe USD/JPY has lacked a clear direction for the second consecutive day, with a doji pattern on the daily chart highlighting investor indecision. As Sino-US representatives are currently negotiating a trade agreement, the market is temporarily reluctant to bet on a directional move. So long as prices remain within the Kumo cloud, a sideways trend is expected in the short term, as Monday's strong rebound from intraday lows and today's failed upside attempt both support this scenario. A clear break of either boundary of the daily Kumo cloud would unleash a more definitive directional signal. Although optimism over Sino-US trade talks is supporting the US dollar, the current momentum is insufficient to drive a stronger rally. Humans need to breathe, and perfect trading is like breathing—maintaining flexibility without needing to trade every market swing. The secret to profitable trading lies in implementing simple rules: repeating simple tasks consistently and enforcing them strictly over the long term.
by Ashbur