USDJPY LongUSD-JPY continues a bullish momentum on upside, and continuously making HH and HL, Currently Uusdjpy is retracing and preparing or news highs. we can make a good profit from these entry levels.
USDJPY trade ideas
USD/JPY Confronts Key Short-Term ResistanceMarket Overview
On Monday, November 18, USD/JPY continues its upward climb as the dollar is strengthening against the yen. This move reflects a mixed market reaction to comments from Bank of Japan (BoJ) Governor Ueda. While Ueda hinted at potential tightening, his hesitation to commit to a specific timeline left traders uncertain. This hesitation limited the short-term confidence in the yen. The market currently prices a 54% probability of a rate hike by the BoJ in December. However, this uncertainty leaves the yen vulnerable, especially as market participants consider the resilience of the U.S. economy and the potential strength of the dollar.
Technical Analysis
On the hourly chart for USD/JPY, the price bounced after testing a one-month ascending trendline, which acted as a strong support, preventing further declines. The bounce, followed by a break above the key resistance at 154.744, which coincides with the 34-period moving average, reinforced the bullish scenario. The price remains above this moving average, indicating stronger upward momentum. If it stays above this level, the primary scenario remains bullish. However, this level may now act as a support, and any retreat will see traders closely watching reactions around this area.
Further resistance levels include Fibonacci extensions at 127.2% (154.993), 161.8% (155.309), 200.0% (155.658), and 241.4% (156.036).
If USD/JPY fails to sustain above the 154.744 level and selling pressure intensifies, the price could pull back towards the Fibonacci 61.8% support at 154.395 and eventually test the key support at 153.830.
USD/JPY
USD/JPY Weekly Time Frame
✔ Breakout and a Retest of trend
✔ Rising Wedge
🤔If it goes back to the previous support and form the third bottom, that's about 1.4K pips right there 😋
Or will it breakout and continue the bullish trend
HAVE A SUCCESSFUL WEEK AHEAD
Short Opportunity on USDJPYThere is a head and shoulder pattern in formation and there is an opportunity to short sell with targets of right shoulder projected length.
USD/JPY pullback before upside continuationWe could see a pullback from this resistance area all the way down to the support zone around 154.700 before continueing to the upside.
USDJPYA nice breakout of diagonal supporting trendline on UJ..
From this point ill be looking for the market to drop from 155.5 all the way down to our 90%..
USDJPY MARKET ANALYSIS1. 4-Hour Chart Analysis:
o Trend Direction: Uptrend
o Liquidity Areas:
o Inducement: Yes – small false breakouts between 155.388 and 153.324
o Imbalance Zones: Minor imbalance between 153.324 and 152.878
o Supply/Demand Zones: Demand zone between 152.878 and 152.151
2. Entry & Exit Plan:
o Entry Criteria: Enter at 152.927, set and forget
o Stop-Loss: 152.020, just below demand zone
o Take Profit: 156.749 at the next resistance
USDJPY: Buy opportunity inside the 1H MA200 and 4H MA100.USDJPY is bullish on its 1D technical outlook (RSI = 58.138, MACD = 1.880, ADX = 50.518) which perfectly explains the Channel Up it's been trading in since October 8th. At the moment the price is on an aggressive bearish wave, which got accelerated today as it was rejected on the 1H MA50. The result is so far a direct hit on the 1H MA200 for the first time since Nov 10th. The last two HL were on the 4H MA100 however, so there is still some more room to fall but even on the current level the reward largely outweighs the risk. We are just over the 0.5 Fibonacci level afterall, which is where the November 5th low was formed. We're long, aiming for a +3.20% rise (TP = 158.500).
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USDJPY short idea 1H high risk! Looking to sell USDJPY, possible 1:5 RR
Entry , Stop ,take profit on the chart
USDJPY FORECASTTraders! We have started the week with a good momentum. The market is looking very good as structures has started to shape up, so guys! It is the matter of waiting for the key areas and see how the market will allow us to get into it.
USD/JPY: USD Faces Correction Ahead of Key Retail Sales DataThe Japanese Yen has strengthened as the US Dollar begins to correct downward in anticipation of upcoming Retail Sales data. Japan's GDP annualized growth for the third quarter was reported at 0.9%, a notable decline from the 2.2% growth seen in the second quarter. In response to currency market volatility, Japan’s Finance Minister Kato emphasized his commitment to taking necessary measures to counter excessive fluctuations in foreign exchange rates.
From a technical analysis perspective, the current price indicates a rebound in an area where multiple supply zones converge, suggesting the potential for a pullback of the USD against the JPY. Retail traders continue to show a bullish stance towards the US Dollar, while other market participants appear uncertain or bearish in their outlook.
Given the significant rally in the USD that followed the Trump election victory, we are observing for a possible correction. As these dynamics play out, attention to price patterns and broader economic indicators will be essential for traders navigating this market environment.
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USDJPY ANALYSISThe price is still in the uptrend and is reacting in a strong zone, signaling a shorter bullish call.
USDJPY Will Go Lower From Resistance! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 156.038.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 153.678 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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USDJPYWe can attempt to buy USDJPY from specified level as it make HL , also 0.618 FIB level occur indicate that it moves upward.
SL , TP mention in chart.
USDJPY / TRADING INSIDE STRAIGHT CHANNEL / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
Current Support Level, Prices are approaching a support level around 154.666. If prices remain above and stabilize at this level, it suggests the potential for upward movement.
Upside Target (Resistance), If prices stabilize above 154.666, there’s an expected increase toward a resistance level around 157.689.
Downside Scenario, If prices break below 154.666, it could indicate further declines toward a support zone between 152.201 and 151.033. Stabilizing above this zone may create conditions for a bullish reversal.
Bearish Outlook, If prices break below the 152.201-151.033 zone and a 4-hour candle closes below it, a further decline to the support level of 149.281 may be anticipated.
Overall Trend, The text suggests there’s still upward pressure overall, meaning the trend may currently be bullish unless the key support levels are broken.
USD_JPY GROWTH AHEAD|LONG|
✅USD_JPY is trading in an
Uptrend and the pair broke
The key horizontal level
Of 155.000 which is now
A support so we are bullish
Biased and we will be
Expecting a further move up
LONG🚀
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The Dollar Is Running - So Stop Trying To Call The Top or BottomThe Dollar has had an impressive run over October & now half of November with consistent bullish weekly closes. It's in these times as traders, that we project our opinion onto the market and start saying things like "The market has to pullback or reverse from here" where in reality, the market's going to do whatever it want to.
There is no indication as yet from structure across the board that trends are shifting so continue to ride the wave if it aligns with your strategy. Identify key areas on the weekly and monthly because that is likely where we're gravitating towards.
Tomorrow I see continued upside on USDJPY, which I'm currently long on, which would tie in nicely with the run higher on GBPJPY to sweep TBL and mitigate the bearish order block before a sell off lower.
USDJPY - NEW BREAKOUTAfter a huge bullish move,
The USDJPY broke the resistance level (153.877 - 155.216).
This key level becomes a new support level !
So, I expect a new bullish move🚀
______________
TARGET: 157.300🎯
USDJPY H4 | Bearish drop?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 155.78, which is a pullback resistance close to 161.8% Fibonacci extension
Our take profit will be at 154.68, a pullback support level.
The stop loss will be at 157.68, an overlap resistance level.
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Smart money concept.USDJPY is making an uptrend moves in (4H 1H 15M) and i get my other confirmation:
1.liquidity/
2.demand zone/
3.counter trend.
Intraday Trading SuccessAs a trader, I've developed my edge mostly by combining price action momentum, risk and asset sentiment, and currency strength for intraday trading success. Here's how it works:
1️⃣ Price Action Momentum: By analyzing chart patterns, candlestick formations, price structure and trend dynamics, I can spot price action momentum. These observations reveal preferable intraday direction for high-probability trades.
2️⃣ Gauging Risk Sentiment: Keeping a keen eye on market sentiment helps me understand the broader risk appetite and the tone for any specific currency that session. Risk-on or risk-off sentiment impacts forex pairs differently, also guiding my trade selection.
3️⃣ Currency Strength Analysis: I assess currency strength using various tools like currency strength meters (available for free all over the place) and relative sentiment strength. Strong currencies are paired with weak ones for optimal intraday trend trades and being on the lookout for any divergence from baseline sentiment provides great mean reversion opportunities too.
4️⃣ Confluence of Factors: I look for confluence, where price action momentum aligns with favorable sentiment and robust currency strength. This trifecta enhances trade confidence and conviction. Then it's all about the right technical entries.
5️⃣ Timeframe Synergy: I try to ensure harmony between short-term and higher timeframe trends when selecting a preferred bias. My intraday setups align with the broader market direction for more robust trades but the time horizon for the trade idea still dictates what timeframe data I give more weight to.
6️⃣ Gains Optimization: By utilizing damage control techniques and setting realistic take-profit levels based on price action and key support/resistance zones, I optimize gains expectancy for better risk management. Risk-reward is another mainstream cookie-cutter influencer-regurgitated pile of dung I have never paid attention to in over 10 years of successful trading; we have gains potential and risk management and as long as these line up according to your rule-set, the RR means nada de nada.
7️⃣ Continuous Learning: I remain a student and continuously learn from my trades and market developments. Adapting to changing conditions is vital for sustainable trading success.
Combining price action momentum, sentiment, and currency strength has transformed my intraday trading game over the years. This approach allows me to spot high-probability setups, manage risk, and ride markets.
