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USDJPY trade ideas

USD/JPY on the Rise: Aiming for 154 and Beyond if 151 HoldsHere’s the lowdown: USD/JPY is hanging out at the 151 support level. If this zone holds, we’re looking at a nice ride up to 152.47—and possibly higher! First take-profit at 154.23, and if we break that, we’re cruising to 155.80 and even 157. Simple Breakdown: Solid Support at 151 Right now, 151 is the key spot to watch. If we hold above this, it’s a good sign USD/JPY has the strength to keep climbing. Target Levels on the Way Up First Stop: 152.47 This is our first target, so keep an eye on the price action here to see if we’ve got the momentum. Take-Profit Zone 1: 154.23 If we reach this level, it’s a great spot to lock in some gains. Think of it as the first surf break! Take-Profit Zone 2: 155.80 If 154 clears, next stop is 155.80. This is where the ride gets exciting. High-End Target: 157 If USD/JPY stays strong and keeps moving, 157 is the ultimate stretch goal on this wave. Trading Tip Stay flexible with your levels. If 151 holds, ride the trend and take profits at each level to keep it smooth. Relax, set your zones, and let the market show you the way! MINDBLOOME TRADING / KRIS Where Trading Meets Wellness : Mindbloome Exchange
Long
by Mindbloome-Trading
USDJPY_108 2024.11.05 03:53:06 Trading Signal SELLFrankPro Signal for USDJPY_108 Type: Screen Signal: SELL TP: 152.285 SL: 152.404 Entry Price: 152.37 Analysis for USDJPY Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Down ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my expectations for the USD/JPY pair: **Short-term (next few days to a week):** * The pair is expected to test the support level near 150.25 before potentially rebounding and continuing its growth. * A breakout above the resistance area and closing above 154.45 would confirm this growth. * Given the soft nonfarm payrolls report expected, the pair might experience some volatility, but the overall trend suggests a rebound and continuation of growth. **Expected price movement:** Up **Long-term (next few weeks to a month):** * The pair has reclaimed the 151.00-152.00 region, which could act as new support, and could target levels such as 155.60 and even 160.00 in the coming weeks. * The US Dollar Index (DXY) breaking above its 104.50 resistance level could further support the pair's growth. * Political instability in Japan and a strong US economy are expected to continue contributing to the yen's weakness. **Expected price movement:** Up **Note:** The Elliott Wave analysis suggests potential continued growth, but it's essential to consider the broader market context and other technical indicators for a comprehensive view. Overall, both short-term and long-term analyses suggest that the USD/JPY pair is expected to go up, with some potential volatility in the short-term due to the soft nonfarm payrolls report. Result: ST=Up LT=Up Analysis Method(1) **Short-term Analysis (next few days/week):** Based on the technical analysis, the USD/JPY pair is expected to experience a pause in its recent up move due to the overstretched condition of the JPY implied volatility index. The pair is currently under pressure near the psychological resistance of 150.00, and a break below 143.60 intermediate support could trigger renewed weakness. However, a clearance above 149.30 could extend the rebound. Given these conditions, the short-term outlook is **neutral to slightly bearish**, with a potential downside move to 143.60 or lower if the support is broken. **Long-term Analysis (rest of 2024 and beyond):** The long-term forecast suggests that the USD/JPY pair will trade within a range of ¥138 to ¥150 in 2024. Analysts predict a modest strengthening of the US Dollar against the yen until the end of the year, with the pair expected to close at ¥145.555 in December. However, the long-term analysis also suggests that bears are dominating the market, with the price moving at the lower boundary of Bollinger Bands. This indicates a potential **downside bias** in the long term, with the pair potentially declining to ¥140 or lower by the end of the year. Overall, the USD/JPY pair is expected to experience a short-term pause or potential downside move, followed by a long-term decline to ¥140 or lower by the end of 2024. Result: ST=Down LT=Down Analysis Method(2) Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term: **Short-term (next few days to a week):** * The pair is currently experiencing selling pressure near the psychological resistance of 150.00, and the prospect of market volatility ahead of the US presidential election is acting as a headwind for the yen carry trade, benefiting the Japanese Yen. * The technical analysis suggests that the pair may test the support level near 150.25, with potential for an upward rebound. * However, the VIX index is above 20, indicating increased volatility, which could lead to a breakout below 148.45, indicating a continuation of the decline. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support level near 150.25 or even breaking below 148.45. **Long-term (next few weeks to months):** * The fundamental factors suggest that the US Dollar's outlook is firm despite current pressures, with traders pricing out larger-than-usual interest rate cuts by the Federal Reserve. * The potential for a bullish reclaim of the 151.00-152.00 region could lead to targets of 155.60 and even 160.00 if the US Dollar strengthens across the board. * The Bank of Japan's potential ending of its negative interest rate policy could support the Yen, but this is not expected to have a significant impact in the long-term. * Given these factors, I expect the price to **go up** in the long-term, potentially breaking above 154.45 and reaching targets of 155.60 and 160.00. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Short
by orbborisson
Fundamental Market Analysis for November 5, 2024 USDJPYThe Japanese yen (JPY) is experiencing a decline against its US counterpart during Tuesday's Asian session, moving away from the one-week high reached the previous day. Nonetheless, the probability of a Japanese Yen decline is constrained as market participants may exercise caution in making aggressive directional bets due to the uncertainty surrounding the US presidential election. Furthermore, expectations of an interest rate increase at the forthcoming Bank of Japan (BoJ) meeting in December may also provide support for the yen. Meanwhile, the unwinding of the Trump trade, as well as expectations that the Federal Reserve (Fed) will cut interest rates later this week, is driving US Treasury yields further lower, resulting in a narrowing rate differential between the US and Japan. This maintains a defensive position for those betting on the US dollar and should serve as a tailwind for the yen. Furthermore, a decline in market risk may favour the JPY and help contain a significant rise in the USD/JPY pair. Trade recommendation: Trading mainly by Sell orders from the current price level.
Short
by Fresh-Forexcast2004
USD/JPY May Experience Slight DeclineIn Tuesday's Asian trading session, the Japanese Yen (JPY) weakened against the US Dollar (USD), moving away from the one-week high reached the previous day. However, the decline in JPY may be limited as traders remain cautious amid the uncertainty surrounding the US presidential election, coupled with expectations that the Bank of Japan (BoJ) will raise interest rates in December. At the same time, the ongoing "Trump deal" and expectations that the Federal Reserve (Fed) may cut interest rates later this week have led to a decline in US Treasury yields, narrowing the interest rate differential between the US and Japan. This weakens the demand for USD, providing support for JPY. Additionally, a weaker risk sentiment could favor the Yen and limit significant upside moves in the USD/JPY pair. With resistance at 152.337, the USD/JPY pair may struggle to maintain strong upward momentum. If the price fails to break above this level, the likelihood of a downward correction increases, with the nearest support levels at 151.500 and 151.000. However, if the Yen continues to face pressure from macroeconomic factors such as US election uncertainty or expectations surrounding the BoJ’s monetary policy, the USD/JPY pair may still test the 152.337 resistance again.
by Alisa_Rokosz
USDJPY InsightHello, subscribers! Please share your personal opinions in the comments. Don't forget to boost and subscribe! Key Points - October 31: The Bank of Japan decided to keep interest rates unchanged. Governor Ueda mentioned that real interest rates are currently very low and added that they will raise policy rates as economic and price outlooks improve. - Iowa Polls: Following news that Harris is leading within the margin of error in Iowa, where Trump had a lead, we’re seeing a reversal in the "Trump trade." - November FOMC: The Federal Reserve is expected to implement a 25 basis point rate cut in this month’s FOMC meeting. - OPEC: OPEC and OPEC+ have postponed their production increase plans once again. Key Economic Indicators - November 5: U.S. Presidential Election, Reserve Bank of Australia rate decision - November 7: Bank of England rate decision - November 8: FOMC meeting results announcement USD/JPY Chart Analysis Although the Bank of Japan kept rates steady, hawkish remarks were made during the subsequent press conference, contributing to dollar weakness and yen strength, along with the "Trump trade" reversal. Currently, the price is forming around the 152 line. There’s a possibility of a further pullback to the 149.500 line; however, in the broader perspective, the likelihood of a rise to the 158 line is stronger. With the FOMC meeting and U.S. election this week, major factors will be in play. If the market direction shifts, I’ll swiftly adjust strategies.
Long
by shawntime_academy
Dollar hit early on US election volatility | FX ResearchMomentum has swung back towards Harris over the weekend and this is having a clear impact on the dollar-bullish Trump trade. The US dollar has sold off quite aggressively across the board though we haven't seen much impact in the world of equities where us equity futures are trading up ahead of the US open on Friday. The US jobs report gave off some mixed signals with payrolls coming in well below forecasts but the hourly earnings coming in hot on net, the expectation remains for two more rate cuts at the fed between now and year end elsewhere. Oil prices are on the rise after OPEC agreed to push back its December production increase by one month and Iran's supreme leader warned enemies will receive a crushing response on the data front. Eurozone and German manufacturing PM I reads were solid while Centex investor confidence improved. Looking ahead, we get us factory orders and some ECB speak. Otherwise, the yen has been a little better bid today, perhaps after the BOJ signaled it would be prepared to hike rates more if its outlook was met. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
USDJPY 151.950 -0.64% LONG IDEA INTRADAY SET-UPHELLO TRADERS Hope everyone is doing great 📌 A look at USDJPY from MULTI TIME-FRAME ANALYSIS USDJPY 4H TF * Mon. opens strongly bullish with the 7am SAT pushing up but wicking out. * Trading out of a sweep on an long term high. * 4H vi above looking good for targets. * looking for long entries in correlation with the DXY * looking for PO3 rules towards the Downside to continue HIGHER. * The weekly & daily TF show we are still showing signs of a BULLISH move still. * Looking for continuation of this move. * We saw a rally with the bears, strong momentum to the downside. * Looking at the 1H FVG, this is where I would look for long entries this week. * Should this PD ARRAY hold will be LONG for the GJ intraday. * BASED on the price action served. HOPE YOU ENJOYED THIS OUT LOOK, SHARE YOUR PLAN BELOW,🚀 & LETS TAKE SOME WINS THIS WEEK. SEE YOU ON THE CHARTS. IF THIS IDEA ASSISTS IN ANY WAY OR IF YOU ENJOYED THIS ONE SMASH THAT 🚀 & LEAVE A COMMENT. ALWAYS APPRECIATED ____________________________________________________________________________________________________________________ * Kindly follow your entry rules on entries & stops. |* Some of The idea's may be predictive yet are not financial advice or signals. | *Trading plans can change at anytime reactive to the market. | * Many stars must align with the plan before executing the trade, kindly follow your rules & RISK MANAGEMENT. _____________________________________________________________________________________________________________________ | * ENTRY & SL -KINDLY FOLLOW YOUR RULES | * RISK-MANAGEMENT | *PERIOD - I TAKE MY TRADES ON A INTRA DAY SESSIONS BASIS THIS IS NOT FINACIAL ADVICE TO EXCECUTE ❤ LOVELY TRADING WEEK TO YOU!
Long
by PULEMokhothu
6
USDJPY Possible ScenariosWe can expect a correction in USDJPY down to the demand zone shown on the chart, which should prepare it for the main movement. However, this main bullish movement is actually a retracement in the bigger picture, so we should be ready to monitor closely when it reaches the supply zone. Please note that this analysis is not intended as financial advice. Each individual should assume responsibility for their own trades. The purpose of this post is to provide ideas and inspiration, encouraging readers to view the chart from different perspectives. Always conduct your own research and analysis before making any trading decisions.
by Biaxar
USDJPY Will Go Down From Resistance! Short! Here is our detailed technical review for USDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 151.684. Considering the today's price action, probabilities will be high to see a movement to 147.149. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USDJPY - 4hrs ( Sell Trade Target Range 400 PIP ) 🟢 Pair Name :USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Short ) ——————————— Bearish Break 152.000 Area Reasons - Major Turn level - visible range Hvn - Channel Break Out - Year High Area - Day / Week low Bullish Reversal 147.000 Area Reasons - Major Turn level - Visible Range Hvn - Pattern Target - Month High - Fixed Hvn
Short
by GoldenEngine
4
USDJPY_108 2024.11.04 10:25:05 Trading Signal SELLFrankPro Signal for USDJPY_108 Type: Screen Signal: SELL TP: 151.8175 SL: 152.031 Entry Price: 151.97 Analysis for USDJPY Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Down ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my expectations for the USD/JPY pair: **Short-term (next few days to a week):** * The pair is expected to test the support level near 150.25 before potentially rebounding and continuing its growth. * A breakout above the resistance area and closing above 154.45 would confirm this growth. * Given the soft nonfarm payrolls report expected, the pair might experience some volatility, but the overall trend suggests a rebound and continuation of growth. **Expected price movement:** Up **Long-term (next few weeks to a month):** * The pair has reclaimed the 151.00-152.00 region, which could act as new support, and could target levels such as 155.60 and even 160.00 in the coming weeks. * The US Dollar Index (DXY) breaking above its 104.50 resistance level could further support the pair's growth. * Political instability in Japan and a strong US economy are expected to continue contributing to the yen's weakness. **Expected price movement:** Up **Note:** The Elliott Wave analysis suggests potential continued growth, but it's essential to consider the broader market context and other technical indicators for a comprehensive view. Overall, both short-term and long-term analyses suggest that the USD/JPY pair is expected to go up, with some potential volatility in the short-term due to the soft nonfarm payrolls report. Result: ST=Up LT=Up Analysis Method(1) **Short-term Analysis (next few days/week):** Based on the technical analysis, the USD/JPY pair is expected to experience a pause in its recent up move due to the overstretched condition of the JPY implied volatility index. The pair is currently under pressure near the psychological resistance of 150.00, and a break below 143.60 intermediate support could trigger renewed weakness. However, a clearance above 149.30 could extend the rebound. Given these conditions, the short-term outlook is **neutral to slightly bearish**, with a potential downside move to 143.60 or lower if the support is broken. **Long-term Analysis (rest of 2024 and beyond):** The long-term forecast suggests that the USD/JPY pair will trade within a range of ¥138 to ¥150 in 2024. Analysts predict a modest strengthening of the US Dollar against the yen until the end of the year, with the pair expected to close at ¥145.555 in December. However, the long-term analysis also suggests that bears are dominating the market, with the price moving at the lower boundary of Bollinger Bands. This indicates a potential **downside bias** in the long term, with the pair potentially declining to ¥140 or lower by the end of the year. Overall, the USD/JPY pair is expected to experience a short-term pause or potential downside move, followed by a long-term decline to ¥140 or lower by the end of 2024. Result: ST=Down LT=Down Analysis Method(2) Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term: **Short-term (next few days to a week):** * The pair is currently experiencing selling pressure near the psychological resistance of 150.00, and the prospect of market volatility ahead of the US presidential election is acting as a headwind for the yen carry trade, benefiting the Japanese Yen. * The technical analysis suggests that the pair may test the support level near 150.25, with potential for an upward rebound. * However, the VIX index is above 20, indicating increased volatility, which could lead to a breakout below 148.45, indicating a continuation of the decline. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support level near 150.25 or even breaking below 148.45. **Long-term (next few weeks to months):** * The fundamental factors suggest that the US Dollar's outlook is firm despite current pressures, with traders pricing out larger-than-usual interest rate cuts by the Federal Reserve. * The potential for a bullish reclaim of the 151.00-152.00 region could lead to targets of 155.60 and even 160.00 if the US Dollar strengthens across the board. * The Bank of Japan's potential ending of its negative interest rate policy could support the Yen, but this is not expected to have a significant impact in the long-term. * Given these factors, I expect the price to **go up** in the long-term, potentially breaking above 154.45 and reaching targets of 155.60 and 160.00. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Short
by orbborisson
USDJPY_105 2024.11.04 10:19:04 Trading Signal BUYFrankPro Signal for USDJPY_105 Type: Screen Signal: BUY TP: 152.794 SL: 151.858 Entry Price: 151.975 Analysis for USDJPY Forecast Overall(Short-Term, Long-Term): ST= Probably Down LT= Probably Up Forecast Methods(Short-Term, Long-Term): ST=Up LT=Up ST=Down LT=Down ST=Down LT=Up Analysis Method(0) Based on the provided analysis, here are my expectations for the USD/JPY pair: **Short-term (next few days to a week):** * The pair is expected to test the support level near 150.25 before potentially rebounding and continuing its growth. * A breakout above the resistance area and closing above 154.45 would confirm this growth. * Given the soft nonfarm payrolls report expected, the pair might experience some volatility, but the overall trend suggests a rebound and continuation of growth. **Expected price movement:** Up **Long-term (next few weeks to a month):** * The pair has reclaimed the 151.00-152.00 region, which could act as new support, and could target levels such as 155.60 and even 160.00 in the coming weeks. * The US Dollar Index (DXY) breaking above its 104.50 resistance level could further support the pair's growth. * Political instability in Japan and a strong US economy are expected to continue contributing to the yen's weakness. **Expected price movement:** Up **Note:** The Elliott Wave analysis suggests potential continued growth, but it's essential to consider the broader market context and other technical indicators for a comprehensive view. Overall, both short-term and long-term analyses suggest that the USD/JPY pair is expected to go up, with some potential volatility in the short-term due to the soft nonfarm payrolls report. Result: ST=Up LT=Up Analysis Method(1) **Short-term Analysis (next few days/week):** Based on the technical analysis, the USD/JPY pair is expected to experience a pause in its recent up move due to the overstretched condition of the JPY implied volatility index. The pair is currently under pressure near the psychological resistance of 150.00, and a break below 143.60 intermediate support could trigger renewed weakness. However, a clearance above 149.30 could extend the rebound. Given these conditions, the short-term outlook is **neutral to slightly bearish**, with a potential downside move to 143.60 or lower if the support is broken. **Long-term Analysis (rest of 2024 and beyond):** The long-term forecast suggests that the USD/JPY pair will trade within a range of ¥138 to ¥150 in 2024. Analysts predict a modest strengthening of the US Dollar against the yen until the end of the year, with the pair expected to close at ¥145.555 in December. However, the long-term analysis also suggests that bears are dominating the market, with the price moving at the lower boundary of Bollinger Bands. This indicates a potential **downside bias** in the long term, with the pair potentially declining to ¥140 or lower by the end of the year. Overall, the USD/JPY pair is expected to experience a short-term pause or potential downside move, followed by a long-term decline to ¥140 or lower by the end of 2024. Result: ST=Down LT=Down Analysis Method(2) Based on the provided analysis, here is my assessment of the USD/JPY pair's expected price movement in both the short-term and long-term: **Short-term (next few days to a week):** * The pair is currently experiencing selling pressure near the psychological resistance of 150.00, and the prospect of market volatility ahead of the US presidential election is acting as a headwind for the yen carry trade, benefiting the Japanese Yen. * The technical analysis suggests that the pair may test the support level near 150.25, with potential for an upward rebound. * However, the VIX index is above 20, indicating increased volatility, which could lead to a breakout below 148.45, indicating a continuation of the decline. * Given these factors, I expect the price to **go down** in the short-term, potentially testing the support level near 150.25 or even breaking below 148.45. **Long-term (next few weeks to months):** * The fundamental factors suggest that the US Dollar's outlook is firm despite current pressures, with traders pricing out larger-than-usual interest rate cuts by the Federal Reserve. * The potential for a bullish reclaim of the 151.00-152.00 region could lead to targets of 155.60 and even 160.00 if the US Dollar strengthens across the board. * The Bank of Japan's potential ending of its negative interest rate policy could support the Yen, but this is not expected to have a significant impact in the long-term. * Given these factors, I expect the price to **go up** in the long-term, potentially breaking above 154.45 and reaching targets of 155.60 and 160.00. Please note that these predictions are based on the provided analysis and are subject to change as new information becomes available. Result: ST=Down LT=Up
Long
by orbborisson
USD/JPY Decreases Slightly: Market Awaits Fed's DecisionHello everyone, Today, the USD/JPY exchange rate is experiencing a slight decline, currently around 151,92. This weakening is related to expectations of an interest rate adjustment by the Federal Reserve, along with caution ahead of key economic data and geopolitical conditions. I believe that the exchange rate may continue to fluctuate as new economic information is released and as further indications of upcoming monetary policy become available. Medium-term forecasts suggest that USD/JPY could recover, but this will depend on U.S. economic data and global developments related to the safe-haven demand for the Japanese yen.
by Ademha