identifying support and resistance levelshere are some simple exercises to help train your eyes to see important levels, backtesting is crucial to trading success14:11by DwayToForex0
USDJPY BUY OPPORTUNITY !USDJPY might fall to 152.030(buy limit order) as price gets exhausted and closed around 156.365 our buy limit order has been set at that price level. Price may likely rise to 161.807 Longby Cartela0
PZone PRO🔹 **Summary:** PZone PRO is an innovative trading tool designed to enhance your trading precision and save time. Using patented technology, PZone PRO analyzes financial markets to identify Un-Filled Orders (UFOs) and maps these areas on your chart. By leveraging these UFOs, traders can determine entry points, stop losses, and targets with high precision, providing a strategic edge in trading decisions. The Demand Supply Zone indicator helps identify Demand and Supply zones on the chart by marking specific patterns. It detects patterns such as Drop-Base-Rally and Rally-Base-Rally to identify Demand Zones, as well as Rally-Base-Drop and Drop-Base-Drop for Supply Zones. 🔹 **Key Concepts:** - **Identification of Key Price Areas:** PZone PRO detects price zones with pending buy or sell orders. - **Dynamic Visualization:** UFOs are displayed as green zones (for buying) or red zones (for selling), indicating potential price reversal points. - **Precision Advantage:** This tool supports all trading styles (long-term, medium-term, short-term) and is suitable for hedging strategies. - **Time Flexibility:** PZone PRO can be used across various timeframes, from seconds to monthly intervals. - **Benefits for Options Traders:** Assists in determining ideal strike prices and areas to sell out-of-the-money options. 🔹 **Key Features:** - **Automatic Zone Analysis:** Helps pinpoint Supply/Demand zones with precision. - **Timeframe Flexibility:** Usable across multiple timeframes. - **Customizable Colors:** Fresh zones and tested zones can be assigned different colors. - **5 EMA Indicators:** Includes EMA 200, 100, 50, 20, and daily EMA 9 (adjustable as needed). 🔹 **Final Notes:** Trading involves high risk, and past performance does not guarantee future results. PZone PRO helps uncover hidden market opportunities but should be used with proper understanding and well-developed strategies. by DaniPutra21221
USDJPY LONG | BUY TRADE IDEA (W/B: 23/12/2024)Guyssss! Happy New Year soon! I bring you a gift to close out the year! As you can see we are in a bullish order flow, with protected lows. With a nice RR of 2.8 on TP1 and 3.07 on final TP, this trade takes advantage of the recent structural breaks. Enjoy! Good luck and enjoy the end of the year!Longby saintprincevvs0
EURUSD Is Going Up! Buy! Please, check our technical outlook for EURUSD. Time Frame: 2h Current Trend: Bullish Sentiment: Oversold (based on 7-period RSI) Forecast: Bullish The market is on a crucial zone of demand 156.354. The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.858 level. 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. Like and subscribe and comment my ideas if you enjoy them!Longby SignalProvider113
USDJPYUSDJPY will keep bullish track into 2025,on stronger united states dollar i expect the bullish swing into a possible retest zone on the roof of the ascending trendline.06:19by Shavyfxhub0
USDJPY SHORTAs predicted last week all analysis played out accordingly. This week i will continue to hold some of my positions for the longterm. This coming week will continue with the bearish trend on DXY, and we will keep shorting USD. USDJPY will see more downside, as JXY gains more bullish momentum. Shortby Forexrein6
USDJPY: Is It Time to Intervene in the FX Market? As noted in the previous analysis, the pair saw an upward movement and reached the 158 supply zone. Given the current fundamental conditions, we don't view a bearish scenario for this pair as likely unless the Bank of Japan intervenes in the currency market. Otherwise, if the pair experiences a correction, a buy opportunity may arise again. The valid demand zone is around 154.Longby UtoForex2
BULLISH?I think the USD/JPY might go up to the 161.670 zone before it falls down and gain more downwad momentum... we shall see,,Longby siphesihle092
USDJPY NEOWAVE ANALYSIS (DAILY) Experimental analysis with the intention to follow back later on as I am still learning This pair really excites me. I do not know why, but it has stuck with me, so I thought I’d give this a try even though it should be considered low probability due to me going deep down to the daily. As you can see, once wave F got over, we did get a very good 5-wave rally to complete wave A. Although i have no idea yet what wave A is a part of. After the biggest daily drop since wave 2, we got some downwards movement which indicated that the rally up is over. Now using logic and good reasoning when I think about this, it’s not possible for the downside movement to end so quickly after almost 2 months of upwards movement. Hence, I will take it to believe that the correction is still ongoing and the rally we are seeing right now is a strong B wave rally of a possible flat. I do not know where wave B will end, although since I do consider it to be strong, I will expect it to completely retrace wave A. Once we know where wave B finishes, then only I could understand whether the C wave will completely retrace the B wave. Any prior sell off before retracing wave A would mean that we're looking at a triangle correctionby thekidtrader11Updated 6
USDJPY - 20/12/24 - Long IdeaThe week has been bullish leading up to FOMC, which had further propelled price up. However, Friday has presented a retracement. Waiting for price to reach price level 155.000 and start looking for long setups. This idea is based off of daily and 4H timeframe bullish structure and Order Block concepts. Longby weno312
USD/JPY Approaches Key Turning PointHello, FX:USDJPY pair has experienced significant upward momentum and is currently approaching the weekly strong resistance level at 155.883, which previously served as support. If this level holds as support once again, further upside is likely. However, if it fails to hold, a downside movement can be expected from this point forward. No Nonsense. Just Really Good Market Insights. Leave a Boost TradeWithTheTrend3344by TradeWithTheTrend33443
USD-JPY Bullish Bias! Buy! Hello,Traders! USD-JPY keeps growing and The pair made a bullish breakout Of the key level of 155.900 And is now making a Retest of the new support From where we will be Expecting a further move up Buy! Comment and subscribe to help us grow! Check out other forecasts below too! Longby TopTradingSignals113
Bearish TrendBearish breakout: Entry price 156.805 Take Profit 155.530 Stop Loss 158.084Shortby Berzerk_invest4
USDJPY Buyers In Panic! SELL! My dear friends, USDJPY looks like it will make a good move, and here are the details: The market is trading on 156.76 pivot level. Bias - Bearish Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market. Goal - 154.65 Recommended Stop Loss - 157.90 About Used Indicators: Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis ——————————— WISH YOU ALL LUCK Shortby AnabelSignals7799
USDJPYHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair. Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame . USDJPY is currently trading at around 151.800 after making its correction down to 150.400 . Scenario 1: SELLS from higher levels (153.300) We are at 153.300. That would confirm our pullback to the uspide and as long as it’s respected, we should continue to the downside to our next KL (Key Level) sitting at 150.400. Scenario 2: SELLS from 150.400 We dropped down to our Key Level 150.400 . If broken we should see more sells down to our targeted zones 149.500 - 149.000 . Scenario 3: BUYS from 154.700. We broke above 154.700 and are trading above it. We should see more upside potentially reaching new highs at around 158.800 . Personal opition: The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 153.000 - 153.300 . Be patient and stay tuned for updates on this pair. KEY NOTES - USDJPY breaking below 150.400 would confirm sells down to 149.500 - 149.000. - USDJPY failing to break above 153.300 would confirm sells. - Breaks above 154.700 would show signs of reverse and could potentially rise up to 158.800. Happy trading! FxPocketby FxPocketUpdated 5
USD/JPY Trade Recap: Precision at Its Best!This trade on USD/JPY played out beautifully, showcasing the power of a well-structured approach and advanced tools like the WiseOwl Indicator. Let’s break it down: Trade Context: On the 1H timeframe, the market was respecting a clear bullish structure. Using the WiseOwl Indicator, I spotted an ideal entry point at the breakout of the accumulation phase, which aligned perfectly with the higher timeframe trend. What Happened: The entry signal was spot on, and price moved precisely toward my medium-term target of 156.74 and even beyond. Currently, price is hovering around 157.45, and I’m watching for a potential pullback into the 155.50–156.00 zone for the next move. Key Takeaway: The WiseOwl Indicator helps simplify decision-making by highlighting key setups in alignment with market structure. Paired with patience and a solid understanding of context, this creates high-probability opportunities. 💬 What are your thoughts on this trade? Are you using similar tools to refine your entries and exits? Let’s discuss below!Longby TraderOuss_LumaNexUpdated 114
#USDJPY $USDJPY Rise after Monetary Policy Divergence...The USD/JPY continiues to produce. Latest: The USDJPY has seen an increase over the last three days due to several factors: Monetary Policy Divergence: The Bank of Japan (BoJ) decided to maintain its interest rates, reflecting a dovish stance in contrast to the U.S. Federal Reserve's more hawkish approach. This divergence in monetary policy tends to strengthen the U.S. Dollar against the Yen since investors can borrow Yen at low rates to invest in higher-yielding U.S. assets. FOMC Meeting Impact: The recent FOMC meeting indicated a slower pace of rate cuts for 2025, which typically supports a stronger U.S. Dollar. This hawkish cut by the Fed, alongside the BoJ's inaction, contributed to the USDJPY's upward movement. Market Reactions and Technical Levels: Following the FOMC and BoJ announcements, there was an immediate market reaction. The USDJPY broke higher post-BoJ press conference, indicating a breakout possibly influenced by both the Fed and BoJ decisions. Technical analysis suggests that if the pair maintains above certain levels, like 157, it could aim for higher extensions, showing strong market sentiment towards further appreciation of the USD against JPY. Although a pullback at this level would be healty. Speculation on Future Interventions: There's an anticipation that the Japanese Ministry of Finance might intervene at around the 160 level to protect the Yen, but historical interventions have been less effective, suggesting that the USDJPY could continue to rise if these levels are approached (Taking a look at the upper line yellow line at the chart, if this is tested, broaken and holds we could see a great incerease). My target would be at 160- 165 lvl for now if it holds its current price or finds support in event of an pullback at a key level. However always keep in mind, currency movements are also influenced by broader market sentiment, geopolitical events, and other economic indicators. This is not financial advice. Longby BaseLineTraders1
USDJPY: Retracement from Critical LevelThe USDJPY seems overbought after yesterday's bullish rally. The pair could retrace from the marked blue daily resistance level, with a potential target around 156.48. Moreover, a double top pattern on the hourly chart provides additional confirmation.Shortby NovaFX23226
Bearish drop?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance. Pivot: 155.72 1st Support: 154.28 1st Resistance: 157.72 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party. Longby ICmarkets2211
USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement. Explanation: 1: Hidden Bearish Divergence: The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal. 2: Double Top Formation: A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward. 3: Market Structure Shift: The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment. 4: Potential Reversal Zone (PRZ): The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down. This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.Shortby awaisulabdeen7
USDJPY: Multi-Time-Frame OutlookHello Traders, A weekly close above 159.00 strengthens the bullish outlook for the next 3 to 4 months. Conversely, a break and close below 154.50 on the daily timeframe suggests a possible decline towards 148.00. Currently, we anticipate a rebound from the 156.77-156.40 zone. However, a solid close below 156.40 and a break of the ascending channel would increase the likelihood of a drop to 155.50.Longby AliSignals3