USDJPY 2024/10/14- Stick to your stop loss to protect your trades
- Manage your positions patiently until you hit the target
- Profit always in risk, take the risk or lose the chance
USDJPY trade ideas
USD/JPY continue with the UptrendOn USD/JPY , it's nice to see a strong buying reaction at the price of 146.630.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
GAP + Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDJPY may see 149.97Intraday Update: The FX:USDJPY is probing new highs and a break higher will put the 127% extension of the consolidation in play at 149.97.
USD/JPY is Rising#trading_idea #USDJPY 💡
#USDJPY - Ascending Triangle
On the 4-hour chart, there is ascending triangle pattern seening. The price is testing 149.400 resistance while the MACD and Parabolic SAR both points to possible continue of rise. B&B shows neutral sentiment.
🔼If price breaks up 149.400 resistance, further move to 1451 is possible.
🔽Alternatively, a slide to 147.700 is likely.
🔴 Click "👍" if you think the price will rise and "👎" if you think it will fall.
➡️➡️ TRY SABIOTRADE NOW
Fundamental Market Analysis for October 14, 2024 USDJPYThe USD/JPY pair is unable to capitalize on a modest rise in the Asian session or find support above 149.000 and is pulling back a few pips from the highest level since August 16 reached on Monday. Prices are dipping below 148.500, or a fresh daily low in the last hour, and for the moment appear to have broken the dollar's three-day winning streak, although the fundamental backdrop warrants caution from bearish traders.
Japan's Deputy Finance Minister for International Affairs Atsushi Mimura said that the government will keep an eye on currency movements, including speculative moves, fueling speculation of possible intervention. This, in turn, provides some support for the Japanese Yen (JPY) and attracts sellers to the USD/JPY pair. Meanwhile, the decreasing chances of another interest rate hike by the Bank of Japan (BoJ) in 2024 and a more aggressive easing policy from the Federal Reserve (Fed) should continue to serve as a tailwind for the currency pair.
Japan's new Prime Minister Shigeru Ishiba stunned markets last week by stating that the economy is not ready for further rate hikes. In addition, political uncertainty ahead of the October 27 general election may keep JPY bulls on the sidelines. Meanwhile, good US jobs data for the month released on Friday led investors to further reduce bets on a massive Fed rate cut in November. This helped the US Dollar (USD) maintain its recent strong rise to a seven-week high and should serve as a tailwind for the USD/JPY pair.
This in turn suggests that any subsequent decline could still be seen as a buying opportunity, so it is prudent to wait for strong follow-through selling before confirming that the uptrend from a week ago has exhausted itself. As for further developments, there are no major economic data releases on Monday that could influence the market. Nevertheless, speeches by influential FOMC members may have an impact on the USD later in the North American session. In addition, geopolitical events should give a short-term impetus to the USD/JPY pair.
Trading recommendation: Trade mainly with Buy orders from the current price level.
USDJPY has bullish technical conditionsThe latest economic data suggests the Federal Reserve could cut interest rates again next month, but a larger cut is being underestimated.
Therefore, US bond yields remain stable and the wide spread between Japanese government bond yields and US bond yields continues to support the US Dollar.
On the daily chart, OANDA:USDJPY The uptrend is noticed by the price channel and the nearest support level at 148.113 of the 0.382% Fibonacci retracement.
Temporarily, USD/JPY's upside momentum is limited by the upper channel edge, once USD/JPY breaks above the channel it will continue to trend upward towards the 150.739 levels in the short term, more than 151,866.
Even if the 0.382% Fibonacci level is not enough to support USD/JPY in the short term, it still has other support slightly lower at 147.113 – 146.424.
As long as USD/JPY remains above EMA21 and within price channel, it still has a bullish technical outlook with notable technical points listed below.
Support: 148.113 – 147.112 – 146.424
Resistance: 149,364 – 150,739 – 151,866
Weekly Forecast - Bullish Dominance On DXY Until Further NoticeDXY: We're looking at the weekly range for HTF perspective and it's painting a clear picture. Price is hovering just below 1W equilibrium and so highly probable that we will mitigate this level. I've scrapped the 1D fib ranges as these were arguably a bit too subjective given I could project the retracement from multiple levels. 4H is still bullish and until price begins indicating otherwise I'll be looking for continuation higher on the dollar. This positions me as bullish dollar pairs and bearish dollar cross pairs but upon a closer look, not all pairs are that black and white.
My bias on the respective pairs for the week is as follows:
DXY - LONG
EURUSD - SHORT
AUDUSD - NEUTRAL
GBPJPY - LONG
USDJPY - LONG
As always, will provide a daily update as the market develops.
USDJPY SELL ANALYSISHere on Usdjpy price has form a resistance around level of 149.301 and now try to move down to complete support level so going for SHORT is needed with target profit of 149.231 and 149.158 . Use money management
USDJPY 10/14/24 - 10/18/24💡
🔍 5hr time frame: has been accumulating/trending bullish above the 10/20emas and has corrected into the 10/20emas.
📈 30m: has now showed bullishness/impulse above the 10/20emas. Price has showed a valid correction into the 10/20emas.
🎯 5m: Scaling down to the 5m time frame to find entries if we can hold bullish by NY session.
Bias: Bullish
USDJPY D1 I Bearish Reversal Based on the daily chart analysis, we can see that the price is rising toward our sell entry at 150.80 - 151.68, which is a pullback support that aligns with the 50% Fibo retracement.
Our take profit will be at 146.92, which is a pullback support level.
The stop loss will be placed at 154.74, an overlap resistance level.
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UsdJpy Trade IdeaUJ here is pretty self explanatory. We did flip structures below once price tapped into a major level of support. We are currently still bullish with price creating higher lows last week. I'm personally still looking for longs set ups here until price break the level I have marked as 'Sells if price breaks below'. It's still too early to tell and price may not retest for longs so we'll see what happens.
USDJPY Short (Sell Stop)Looking for the drop off to liquidate the low from last week, seems like structure has been set to go lower and my setup just showed up now. Taking it day by day in terms of taking profits but my full tp should be the test of the demand.
Let's seeIt goes up a bit then down 👇. It has actually has to form a flag. But it still gonna go very long.
USDJPY swing trade update. 800 pips done! We sent out our this next analysis exactly a month ago to our members at Fractals Trading Community: "After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week." (linked idea)
Setup is currently running with 2 TP levels already hit. Will send a new analysis next week.
This analysis is taught and provided by Fractals Trading.
Trade safely and expect the unexpected,
Mei
USDJPY 4 HRS CHARTBearish Head and Shoulder(inverted H-S) pattern. price making corrective wave on the 4hrs chart. waiting for completion of the wave c of the corrective ABC. a short postion from wave C completion possible move of price to the downside.
Read The USDJPY MarketLet's Looking at USDJPY Chart and Decide to What can we do with the Market in next week, Good luck With Your Trades <3
Possible buy opportunity @143.654 demand zone.Monthly: Consolidation- Uptrend line is broken and broke one supply area.
Weekly: Aggressive down trend. Broke 4 demand zone.
Daily: Uptrend
Aggressive downtrend is over extended in weekly and monthly. Possible buy opportunity @143.654 demand zone.
Lingrid | USDJPY potential Continuation of Bullish TREND The price perfectly fulfilled my previous idea. It hit the TP. FX:USDJPY pair is currently making higher highs and higher lows, indicating a bullish trend. The price has fluctuated around the psychological level of 147.000, but it has finally broken through and closed above this level with a significant bullish candle, highlighting its importance. I believe the market may consolidate a bit longer, as the 150.000 level is looming above before moving upward. My goal is resistance zone around 150.800
Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩💻
USDJPY (weekly analysis)USDJPY on the weekly Next week we should find a nice rejection up to that FVG. Why? we are at a strong support/resistance area which has been going on since 2022. Im expecting a strong rejection of this. I am still short to 146.450 this is my safe TP zone. this same pattern has happened between 2022-2023.
I am in a short position scale with a TP of 146.450, we can expect this TP Zone to get hit anywhere between next week or week after.
Happy Trading
IAM That IAM
Classic Tuesday #2 + Core Inflation Rate YoY ThuClassic Tuesday pattern: In a bullish scenario, Tuesday forms the low of the week, with Thursday marking the high. In a bearish scenario, Tuesday sets the high of the week, with Thursday creating the low. The best trades are typically made between Tuesday and Wednesday. If the setup doesn't play out on Tuesday, it often unfolds on Wednesday.
I entered the trade before 2:30 PM NY time because I needed to get some sleep. I based the trade on a 15-minute order block (OB) with my stop loss set at the Asian session low
I decided to take profits just below the previous high. I had expected the price to push higher during Thursday’s London Open, but I didn’t want to be too greedy, so I took profits on Wednesday after the London Close.
Thursday Core Inflation Rate YoY: A sharp 15-minute move of 134 pips, typically neutral, designed to trap traders on both sides.
USDJPY outlookUSDJPY had a rally upwards and now it seems like it has completed its upward move now we are heading downstairs now i am expecting a downward move starting as it has reached its daily Resistance level and it seems like it will start a rally downards another situation is if it breaks above the resistance it will rally upwards
Friday Weekly Wrap Up: 11/10/2024Some observations as to how the market may develop early next week but as always will provide a weekly forecast Monday morning.
Nonetheless, always good to prime the mind.
Have a great weekend traders!
Consistency is the choice you make, when you start doing the things you know you should be doing day in and day out.
USDJPY ShortThis can possibly start to drop I see momentum slowing down based on recent data/ price action is telling me to go short and close buys here I am anticipating a short at the beginning of next week.
