Usdjpy also race on to Bull fireAfter huge up and downs in usdjpy finally make a bullish breakout in channel pattern, we expect it's continue to move along with GJ .
USDJPY trade ideas
USDJPY INTRADAY - A MORE DETAILED VIEWConsidering my previous analysis, i think there is a possibility for a larger breakout from the descending weekly channel. Catching the market top at this point is really risky, so I am increasing my entry position to higher level. There was a major breakdown from the 151.500 level lest week, so a retest of that level is also possible, so I will try to enter the market around that area. A lot of macro news are expected to come so volatility should kick in. Trade sefely.
USD/JPY ANOTHER TRYSince my last 2 attempts to trade the USDJPY pair, I have one failed trade, one was not activated as the buy entry level was not touched. For the long term perspective I see a good opportunity forming for short entry. I feel confident that the price will reach my entry zone, with a realtive low risk opportunity I can cath the downtrend. Lets see how it goes.
Bullish bounce off overlap support?USD/JPY is falling towards the pivot which has been identified as an overlap support and could bounce to he 1st resistance which acts as an overlap resistance.
Pivot: 148.97
1st Support: 147.24
1st Resistance: 151.24
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USDJPYAccording to the strategy I used, USDJPY fulfilled all the rules and I set the SL to be 20pips and the TP to be 80 pips.
USDJPY FORECASTGuys this pair is looking very good for the drop however we need to wait for the price to reach at the key areas. Wishing you good end of the week.
USDJPY CHART UPDATESUSD/JPY is anticipated to experience heightened volatility as key economic events unfold. With market participants closely monitoring fundamental drivers, the pair may test critical support and resistance levels. Patience and precision will be essential as traders await potential breakout or reversal signals in the coming sessions...
4.4R USDJPY Long40% chance of success.
Counter trend trade idea.
Previous position got stopped out on this idea, but now with the clear wick left behind and the US and UK market lows being taken out, USDJPY could be ready for a nice move up in the Asian session.
4.4R USDJPY Long40% chance of success.
Counter trend trade idea.
Previous position got stopped out on this idea, but now with the clear wick left behind and the US and UK market lows being taken out, USDJPY could be ready for a nice move up in the Asian session.
Bearish moveLooking to drop down a bit if the 20 min candle closes red, MACD will be close to a downward cross. 1 Hour Stoch RSI should cross at 30 min candle close also pushing down.
Tools:
Stoch RSI
MACD
FIB
Update on previous postSome trends are forming. This can be used as a manipulative factor for larger plays or creative that volume for a down move. I want the price to go to one of my key areas first.
USDJPY BEARISHPrice is resistance where sellers control the market. I'm anticipating for price to continue to the downside.
LONGISH BIAS Price formed h&s pattern, pulled back and filled liquidity to gather bullish momentum.
Price also broke above previous high, making hhs and hls. Both daily/4 hourly and other tfs support bullish bias. I am going for buy the rest right now and my target would be 151.224
4.4R USDJPY LongExpecting a move up on USDJPY, but this is counter to the larger trend.
This makes it higher risk.
I have a 40% chance of success.
NFP 12.5.24It’s hard to see but I believe that’s an inverse on USDJPY 1HR. I had to go to JPYUSD to see if it actually looked like a head and shoulder.
Looks like it can go back to 150.8 maybe 151.1
But today is NFP so I’m not sure if it can catapult with such news ahead. Here’s some insight.
The US jobs market suffered a setback last month with the worst NFP reading in nearly four years, with the Bureau of Labor Statistics (BLS) estimating that the US economy created just 12K net new jobs in October. Thankfully heading into this month’s NFP reading, economists are feeling much more optimistic on the outlook for the labor market:
NFP Forecast
As regular readers know, we focus on four historically reliable leading indicators to help handicap each month’s NFP report:
The ISM Manufacturing PMI Employment component rose to 48.1 from 44.4 last month.
The ISM Services PMI Employment component dropped to 52.1 from 56.0 last month.
The ADP Employment report showed 146K net new jobs, down from the downwardly-revised 184K reading last month.
Finally, the 4-week moving average of initial unemployment claims fell to an historically strong 218K from 236K last month.
Weighing the data and our internal models, the leading indicators point to a roughly as-expected reading in this month’s NFP report, with headline job growth potentially coming in somewhere in the 180K-240K range, albeit with a big band of uncertainty given the current global backdrop.
Regardless, the month-to-month fluctuations in this report are notoriously difficult to predict, so we wouldn’t put too much stock into any forecasts (including ours). As always, the other aspects of the release, prominently including the closely-watched average hourly earnings figure which came in at 0.4% m/m in the most recent NFP report.
source: www.cityindex.com
USDJPY: My Trading Perspective (setup)FX:USDJPY : Key Indices Supporting My Trading Perspective
Index and Volume Analysis:
- For this trade, the TVC:DXY (U.S. Dollar Index) plays a critical role. It’s showing continued signs of softening, which aligns with my sell setup for USD/JPY.
- Broader risk sentiment in equity markets is also mixed, with the S&P 500 holding up but without strong upward momentum, which supports the yen’s safe-haven appeal in my analysis.
Key Companies and Influencing Factors:
- The performance of U.S. equities, particularly tech and consumer sectors, signals cautious optimism, but not enough to offset the dollar’s broader weakness.
- On the Japanese side, the SMI reflects stable conditions, giving me confidence that external forces (e.g., global risk sentiment) will favour this trade direction.
Possible Market Impacts:
- My sell setup aligns well with the current environment. A move toward **TP1 (149.057)** is likely if equities fail to gain strong traction and the DXY continues to weaken.
- A push toward **TP2 (148.534)** could occur if risk-off sentiment strengthens globally, amplifying demand for the yen.
- My stop loss at **150.796** is in place to manage risk in case of unexpected dollar rebounds or lack of yen strengthening.
Entry, SL, and TPs:
- Entry: 150.345
- Stop Loss (SL): 150.796
- Take Profit 1 (TP1): 149.057
- Take Profit 2 (TP2): 148.534
*“When the Market’s Call, We Stand Tall. Bull or Bear, Just Ride the Wave!”*
**Disclaimer:**
*Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Traders should conduct their own due diligence before making investment decisions.*
USDJPY NFP PlansI see this and cannot unsee it. I believe we will see a pump in the pair for the next few hours and a further sell off from around 151.2. The current bullish bias is based on the inverse head and shoulders patter.
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POTENTIAL USDJPY REVERSAL TRADE...SWING TRADE OPPORTUNITYHello everyone! Hope you guys are all seriously doing amazing...just wanted to come on here and make a post for potential I see on USDJPY! So let's dive right in!
Here is the breakdown for what I see and what I will be using each timeframe for with this potential setup!
Weekly Timeframe (1W): **coming off multi-decade highs/ all time highs from July of 2024
**previous weekly candle was a very strong bearish engulfing (showing us potential reversal/continuation)
Daily Timeframe (1D): **daily broke structure and breach lows around 151.400
**now in a bearish trend
**waiting for pullback into supply zone/ with fib confluence
4 Hour (hourly) Timeframe (4H: **strong momentum from the sellers
**watching buyer momentum coming back into supply
**look to see how price forms when coming into supply for potential shorts
ALRIGHT guys! That is my breakdown for USDJPY nice and simple. Very straight forward potential higher timeframe reversal trade here especially now with the daily forming that lower lower in price with strong sellers! Big clues!
Hope you all enjoyed please boost this post and follow my page for more high quality content! Have a blessed one!
Cheers
Called the upside movement!USD/JPY will continue to move up in my opinion but we will see it come to resistance at the 150 level. It could break through for a more upside trend. Watch for the break out!
USDJPY 15/30m Short-term bullish hedgeUSDJPY is oversold on 4 separate strength index's, All 3 components of MACD are sub-.02. Price has found resistance and is showing reversal signs at a recent historical support. Trade to previous high but checkpoints need to be met e.g. break of triangle structure & close above 50 & 100 MA.
Fundamentals are clear & daily price action suggests a bullish move on the short term. Entry is an engulfing candle on the 15m.
USDJPY BUY UPDATE!!!!!1:1 profit has been achieved now. Let's aim for 1:2
Secure half of the profits and set the other half at breakeven
USDJPY Change Structure From Bearish to Bullish USDJPY Possibility Bullish this is my view of Bullish setup
