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USDJPY trade ideas

USDJPY: Uptrend Remains IntactHello everyone! USD/JPY is finding fresh demand alongside the US Dollar in the Asian session on Thursday. New measures in the Chinese real estate market disappointed and strengthened the safe-haven greenback. The US Retail Sales data will now be in focus, and looks vulnerable. However, in the short term, with the trend still intact and because of the principle of "trend is your friend", Ben predicts that the price will correct slightly to test the 34 and 89 EMA before continuing to strengthen further in the near term. What do you think about this major pair today?
Long
by Bentradegold
USDJPY (H4)The dollar/yen pair rose in the corrective rise that we were definitely waiting for. We must also look at the weakness in the dollar index. If the scenario shown in the analysis is realized, we look forward to selling from the 152.350 level, and the stop will be the closing of the 4-hour candle above the 155.190 level. The target will be at the 144.400 levels, the first target, and 141.710, the second target. Do not forget, when you get the first 60 points, to secure a deal on the entry so that you do not suffer losses. FX:USDJPY
Short
by OMEREYLUL34
USDJPY Bullish scenarioToday, we will analyze USDJPY Specific explanations are provided for each zone and movement on the chart. If you have any opinions, feel free to share them in the comments section. 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.
Long
by Biaxar
BUY!!! USDJPY HAS REACHED A WEEKLY AND DAILY INTEREST ZONEHELLO TRADERS, I AM CURRENTLY INTERESTED IN USDCAD FOR THIS WEEK I HOPE YOU LIKE THE IDEA AND COMMENT WHAT YOU THINK. TECHNICAL ANALYSIS CONFLUENCE FOR SALE AT THE MOMENT 1.- weekly EMA rejection 2.- we are in a zone of weekly interest 3.- rejection of the psychological number 149,000 4.- Weekly Rejection Candle 5.- we are at the last point of daily structure 6.- we are in the zone of daily interest 7.- Rejection Candle 4 Hours 8.- structure change 30 M why do I like it? The price is currently in a weekly and daily interest zone that has been respected repeatedly in the past, which indicates a strong level. The weekly time frame is bullish with a rejection of the 50 weekly EMA. The daily time frame is bullish with a break of the previous daily high and retesting that high now using it as support. We have the 4-hour time frame bullish, which gives us a total of 3 time frames in tune. So what should we do? Simple if we are bullish along with the main trend we do not have to be looking for sales. The psychological level 149,000 is being respected and is strong to attract buyers at this level. we have a rejection candle on the 4 Hour time frame. If you like the idea follow me and comment, I will respond to suggestions and comments!!
Long
by FxAlexisTrader
USD/JPY – Heading to 153 with Corrections Along the WayAlright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there. After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong. Key Levels to Watch: Current Target: 153.07 – A key level where a correction is expected. Correction Depth: Unknown until we get to 153—watch for signs of pullback strength. Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast. This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be. What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave. Mindbloome Trader Trade What You See
Long
by Mindbloome-Trading
USDJPY: 1H Rising Wedge approaching its top.USDJPY is almost overbought on its 1H technical outlook (RSI = 69.322, MACD = 0.160, ADX = 19.927) as the price is approaching the top (HH) of the 10 day Rising Wedge. A 74.00 RSI has been the most optimal sell signal during the three past highs to start shorting. Wait for the opportunity and target the 0.5 Fib at least (TP = 149.645) as it has been the minimum target during the last two bearish waves. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
Short
by InvestingScope
USDJPY Triangle Could Activate with US Retail SalesUSD/JPY is consolidating in a triangle pattern ahead of the US retail sales figures and the ECB rate meeting. The ECB is expected to cut rates and may hint at more cuts due to inflation falling below 2%. If they turn dovish, it could help USD/JPY break to the upside. US retail sales data, likely to have a bigger impact on USD/JPY, follows the ECB meeting. According to the triangle pattern, a break above 149.87 could push the price to 150.98, while a drop below 149.14 may signal a reversal. Ideally, strong US data and a dovish ECB would lead to a clean break to the upside, as trading against the uptrend in USD/JPY is likely to be challenging. This content is not directed to residents of the EU or UK. Any opinions, news, research, analyses, prices or other information contained on this website is provided as general market commentary and does not constitute investment advice. ThinkMarkets will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise directly or indirectly from use of or reliance on such information.
by ThinkMarkets
Fundamental Market Analysis for October 17, 2024 USDJPYThe USD/JPY pair is down to 149.400 despite the US Dollar (USD) strengthening during Asian trading on Thursday. Later on Thursday, US retail sales data will come to the fore, which is estimated to rise to 0.3% in September from 0.1% in the previous reading. The US economic data showed a resilient economy, with inflation rising slightly more than expected in September. This, in turn, could boost the US Dollar against the Japanese Yen (JPY). LSEG calculations put the probability of a 25 basis points (bps) rate cut in November at nearly 100%, while the probability of the Fed pausing and keeping the federal funds rate in the target range of 4.75-5.0% is just 0.2%. Nevertheless, ongoing geopolitical risks and uncertainty surrounding the U.S. election could strengthen safe-haven flows, which would favor the yen. A plan for Israel's response to an Iranian attack this month is ready, CNN reported. U.S. officials expect it to happen before the U.S. presidential election. Prime Minister Benjamin Netanyahu said separately that Israel opposes a “unilateral ceasefire” in the war with Iran-backed Hezbollah in Lebanon. On Friday, investors await national consumer price index (CPI) data for September for a fresh boost. The CPI excluding fresh food is expected to fall to 2.3% in September from 2.8% in August. Trade recommendation: Watching the level of 150.000, when fixing above consider Buy positions, when rebounding consider Sell positions.
by Fresh-Forexcast2004