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USDJPY trade ideas

USD/JPY Analysis: Bears Put Pressure on Key SupportUSD/JPY Analysis: Bears Put Pressure on Key Support As shown on the USD/JPY chart, the pair is hovering near key support at ¥142.50 per US dollar. While demand was strong enough at the end of May to lift the exchange rate from this level to a peak around ¥146.00, USD/JPY has once again retreated to the ¥142.50 area. Why has USD/JPY declined? On one hand, the US dollar has weakened following disappointing economic data released yesterday. The figures revealed a sharp slowdown in private sector hiring and an unexpected contraction in the US services sector, fuelling concerns over a possible recession. On the other hand, yen strength is being driven by the Bank of Japan's apparent willingness to raise interest rates — reaffirmed on Tuesday by Governor Kazuo Ueda — which has reinforced expectations of a tightening cycle. USD/JPY Technical Analysis In early June, the ¥142.50 level had already shown its role as support (as indicated by the arrow), but it is once again under pressure — a sign of bearish dominance. Yesterday, sellers broke through local support at ¥143.57, which may now act as resistance. More US economic data is due on Friday, with key labour market figures set to be released at 15:30 GMT+3. These could potentially trigger a bearish attempt to break below the ¥142.50 level on the USD/JPY chart. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
by FXOpen
1
USDJPY Will Go Lower From Resistance! Sell! Please, check our technical outlook for USDJPY. Time Frame: 4h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 143.365. Considering the today's price action, probabilities will be high to see a movement to 142.144. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis. Like and subscribe and comment my ideas if you enjoy them!
Short
by SignalProvider
1
USD/JPY) breakout bearish trand analysis Read The captionSMC trading point update Technical analysis of the USD/JPY (US Dollar / Japanese Yen) pair on a 2-hour timeframe. Here's the idea behind the analysis: --- Overall Idea: Bearish Move Toward Support --- Key Levels Resistance Zone (Yellow Box, Top): Marked with two red arrows — shows strong price rejection around 146.00–147.00 area. Support Zone (Yellow Box, Bottom): Around 139.85, marked as a target point and support level. These two zones form the range in which price has been reacting. --- Current Price Action Price is currently trading at 142.649, well below the 200 EMA (at 144.190), which is a bearish signal. It has broken below the mid-range and seems to be heading toward the lower support zone (139.85). --- Trend & Structure The price is following a downward trend after rejecting from the resistance zone. The channel suggests a further leg down is likely to complete a measured move. A temporary retest of the broken trendline might occur before continuation down. --- RSI (Relative Strength Index) Currently around 31.83, nearing oversold territory, indicating the potential for: A short-term bounce before further downside, or A reversal near the key support zone. --- Projection The projection arrow (blue) suggests a bullish rebound from the 139.85 support zone. This aligns with a potential buy opportunity once support is confirmed. Mr SMC Trading point --- Conclusion (Trade Idea Summary) Short-Term Bias: Bearish Medium-Term Setup: Look for a buy opportunity around 139.85, if price reacts well. Key Steps: 1. Watch for price to reach 139.85. 2. Look for bullish reversal patterns or confirmations at that level (e.g., bullish engulfing, RSI divergence). 3. If confirmed, a potential long trade could target back toward the 144–145 zone. Please Support boost this analysis )
Short
by SMC-Trading-Point
13
USD/JPY Triangle Squeeze – Watch for Breakout or BreakdownThe USD/JPY pair is currently trading within a symmetrical triangle pattern, with a descending resistance line (red) and a rising support line (green), clearly defining a consolidation phase. This type of price structure indicates growing indecision in the market, where buyers are stepping in at higher lows, while sellers are capping gains at lower highs. Such formations usually precede a strong breakout or breakdown move, as pressure builds up toward the apex of the triangle. 🔼 Bullish Breakout Scenario If the price breaks above the descending resistance trendline, it will confirm a bullish breakout from the triangle. This would signal that buyers are regaining control and could trigger an impulsive rally toward the 145.50–146.50 area. The upside potential is supported by the structure of higher lows forming from May 27th onward, suggesting building bullish pressure. A successful breakout above 143.30–143.50, ideally with a retest and bullish candle confirmation, could offer a high-probability long setup with targets extending toward the previous swing highs. 🔽 Bearish Breakdown Scenario On the flip side, if the price breaks below the rising support line, a bearish continuation could unfold, targeting levels as low as 140.00–139.50. This would indicate that sellers have overcome the ascending demand and could lead to a retest of prior support levels. A breakdown below 142.30 with strong bearish volume would be a key signal to short, especially if the market rejects further attempts to climb back into the triangle zone. 🧠 Strategy Outlook This is a neutral setup until either side is broken. Traders should wait for confirmation of breakout or breakdown before entering. Once confirmed, a simple breakout trading strategy can be applied: For longs: buy after breakout and retest above resistance For shorts: sell after breakdown and retest below support Stop losses can be placed just below the support for bullish trades and just above the resistance for bearish ones, ensuring clean invalidation levels. ================================================================= Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
by TradZoo
USDJPY Elliott Wave Forecast: Bearish Trend Set to ResumeThe USDJPY pair has exhibited a bearish sequence since its high on July 3, 2024, signaling potential for further downside. In the near term, the cycle from the May 13, 2025, high is unfolding as a double three Elliott Wave structure, a complex corrective pattern. From the May 13, 2025, peak, the initial decline, labeled wave ((a)), concluded at 144.91. It is then followed by a corrective bounce in wave ((b)) to 146.1. The subsequent drop, wave ((c)), completed at 142.10, finalizing the larger wave W, as illustrated on the 1-hour chart below. Following this, the pair entered a corrective phase, wave X, structured as a zigzag. From the wave W low, wave ((a)) advanced to 144.46 and wave ((b)) pulled back to 143.84. Wave ((c)) rallied to 146.28, completing wave X in the higher degree. This zigzag correction temporarily halted the bearish momentum. The pair has now turned lower, initiating wave Y, which is also unfolding as a zigzag structure with sub-waves ((a))-((b))-((c)). From the wave X high, wave (i) of ((a)) declined to 142.37, and the corrective wave (ii) of ((b)) reached 144.39. The pair is expected to continue lower in wave (iii) of ((a)). As long as the pivot high at 146.28 remains intact, any rally is likely to fail in a 3, 7, or 11 swing pattern, setting the stage for further declines. A break below the wave (i) low at 142.37 and the wave W low at 142.10 would reinforce the bearish sequence from the May 29 and May 13 peaks, respectively. Such a move would further confirm and validate the bearish outlook, strengthening the case for continued downside in the USDJPY pair.
by Elliottwave-Forecast
Japanese Yen to Da Moon!I compared the yen to every single currency pair and USDJPY is the most volatile. BOJ will raise interest rates to 0.75%-1% by late 2025/early 2026. And IF the FED chooses to lower rates that will further exacerbate Yen strength. 103.156 TP, but TBH I see price breaking well past that point and yen will make new all time highs. The dollar will get desecrated across all currencies, the yen will destroy it the hardest. Most likely BTC will also peak around this same time period and youll see and end to the bull cycle and we will enter BTC bear cycle but that is beside the point. Potential Black Swan Event: the US enters into a recessionary environment, while I dont think this is likely bc everyone is saying that, it will be possible if we see a further escalation in the Ukraine conflict or if the US chooses to enter war with Iran. War is the only situation I see potential US recession. I predicted then yen would get dusted during COVID, now I predict yen will make never seen before gains for the next 5 years minimum. Let's see how this plays out.
Short
by CryptoKarmaker
2
USD/JPY back at neckline as soft US data narrows yield spreadToday's soft US data releases weighed on US yields, which helped to further narrow the US-Japan spreads on the long dated bond yields. In turn, the USD/JPY gave up its entire gains from the day before when it was boosted by the JOLTS data. Next move could be defendant on the nonfarm payrolls report on Friday. From a technical point of view, this is text book stuff. Price is testing a key area of support at the time of writing, between 142.00 to 142.70, as marked in grey on the chart. This zone has provided strong support on multiple occasions, preventing rates from sliding towards 140.00 zone. Now the more a level or an area is tested, the more likely it will break down. Will we see a break here in the next few days? Or will support continue to hold, as improving risk appetite gives US dollar some breathing space? Well, the pair is down quite a lot on the session, so i wouldn't rule out a bounce here heading into US close. But the trend direction is clear: bearish. By Fawad Razaqzada, market analyst with FOREX.com
by FOREXcom
1
USD/JPY(20250604)Today's AnalysisMarket news: Fed Logan: We should focus on achieving the 2% inflation target rather than trying to make up for past inflation shortfalls; Bostic: We still think there may be a rate cut this year. Technical analysis: Today's buying and selling boundaries: 143.47 Support and resistance levels: 145.19 144.55 144.13 142.81 142.39 141.75 Trading strategy: If the price breaks through 144.13, consider buying in, with the first target price of 144.55 If the price breaks through 143.47, consider selling in, with the first target price of 142.81
Short
by NuggetsWarriors
1
Is the 144 level becoming a key battleground for positioning?The USD/JPY exchange rate has staged a mild rebound for the second consecutive day, though it remained capped below the 144.00 level during the European session. Despite short-term signs of stabilization, the pair remains broadly pressured by a dual combination of fundamental expectations and technical resistance. Persistently constrained by selling pressure above 144.00 and failing to achieve a volume-supported breakout, the exchange rate is expected to continue trading within a range-bound consolidation between 142.00 and 144.80. Focus remains on the multi-empty battles in the 143.40 and 142.30 zones. 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.
Long
by Ashbur
USDJPY Tests Channel Support After ADP Shock — Rebound Ahead?In the last hour's candle after the ADP Non-Farm Employment Change Index was released, USDJPY ( FX:USDJPY ) started to fall, but considering the position of this pair, I think we can have a good Risk-To-Reward even if the Stop Loss (SL) is touched. USDJPY is trading near the lower line of the ascending channel and the Support zone(143.870 JPY-143.430 JPY) . From an Elliott Wave perspective , USDJPY appears to be completing a corrective pattern . I expect USDJPY to rise at least to the Potential Reversal Zone(PRZ) . Note: Stop Loss = 143.220 JPY Please respect each other's ideas and express them politely if you agree or disagree. U.S. Dollar/Japanese Yen Analyze (USDJPY), 1-hour time frame. Be sure to follow the updated ideas. Do not forget to put a Stop loss for your positions (For every position you want to open). Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post. Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
Long
by pejman_zwin
27
USDJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied. 🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair . 💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
Short
by okako_trading