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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

Could USD/JPY see a reversal soon?The USD/JPY pair has shown a strong upward movement over the past four weeks, rising from 140 after reaching a low of 135. While this appears to be a corrective wave, it is anticipated that the pair could continue its ascent towards a potential peak in the range of 152.8 to 155. However, after reaching these levels, a gradual decline is expected, with a potential target of 126 within the next six months. It is important to highlight the elevated risks associated with this outlook, particularly due to the upcoming U.S. elections. A potential victory by Donald Trump may lead to a bearish shift in the USD/JPY pair, as market sentiment could react negatively to his anticipated economic policies. Additionally, geopolitical tensions remain a significant factor, adding further volatility and increasing the likelihood of a reversal in the current trend.
Short
by zakarya97z
1
The yen is losing strength due to the strong dollar. The dollar continues to strengthen as a result of the robust US economy. Conversely, the yen's value is deteriorating due to uncertainty surrounding the BoJ's interest rate policy and the dovish stance of committee members. Last week's release of US September retail sales and unemployment claims data reaffirmed US’ strong spending power and solid job market conditions, eliminating any possibility of a 50bp cut. Fed Director Christopher Waller stressed the importance of exercising caution regarding additional rate cuts as the US economy continues to perform at a satisfactory level without any recession concerns. USDJPY rose sharply to 152.30 following a rebound at EMA78. The price sustains an uptrend within the ascending channel, indicating a bullish momentum. If USDJPY breaches the channel’s upper bound and the resistance at 153.70, the price may gain upward momentum toward 157.00. Conversely, if USDJPY breaks the support at 151.00, the price may fall further to 148.50, where both EMAs coincide.
by inkicho_exness
USD/JPY Structure Analysis - Bullish OutlookUSD/JPY Structure Analysis - Bullish Outlook Today, I'll share the USD/JPY structure analysis. On October 4th, the price broke through the first and strongest resistance area near 147.20. After an increase of nearly 200 pips, it encountered another strong resistance zone near 149.25, which held the price for about three weeks. Currently, USD/JPY has broken through this strong zone near 149.25. Given that USD/JPY is holding well also above the second zone, the odds are rising that it may continue to increase in the coming days or weeks. The first target is the resistance zone near 152.00, followed by the second target near 154.70. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
14
Bearish reversal?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could reverse to the 1st support level which acts as a pullback support. Pivot: 152.59 1st Support: 150.36 1st Resistance: 154.71 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.
Short
by ICmarkets
USD/JPY Technical Outlook - Multiple bearish signals on indicato🚨 USD/JPY Technical Outlook 🚨 - Price nearing a key resistance at 152.00 📊 - Possible rejection could send the pair lower to: - 145.54 📉 - 139.71 📉 - 131.98 🛑 (Major support) Multiple bearish signals on indicators 📉—reversal might be ahead! Watch closely for potential short setups. #forex #USDJPY #technicalanalysis #forextrading #tradingview #bearish #forexsignals --- USD/JPY Weekly Chart Analysis: - The pair is currently at a critical level near 152.00. - Key resistance at 152.00 could lead to a rejection, with downside targets at: - 145.54 (first target) - 139.71 (second target) - 131.98 (long-term support) - Indicators show multiple bearish signals, suggesting potential reversals. Stay cautious of volatility around these levels. #forex #USDJPY #technicalanalysis #trading #forexsignals ---
Short
by profitoptionnew
USDJPY with two probabilities for 10/23/2024USDJPY with a high probability to make the decision for 10/23/2024 ✅️ : 🔸️If the price exceeds the green bar 🟩, with the bar closing in the hour above: there will be a high chance of entering a purchase as indicated in the chart, respecting the day, news and the stop loss. 🔸️If the price exceeds the red bar 🟥, with the bar closing in the hour below: there will be a high chance of entering a sale as indicated in the chart, respecting the day, news, and the stop loss.
Short
by Abderrahmane_24
1
USDJPY / UNDER DOWNWARD PRESSURE / 4HUSDJPY / 4H TIME FRAME HELLO TRADERS Accumulation Phase, After breaking out of a straight channel, the price of USD/JPY has entered an accumulation zone, meaning it’s trading in a range without a clear trend. The range is defined between 150.350 and 147.152 . Range Breakout ,The direction of the next major move will be determined by whether the price breaks above 150.350 or below 147.152. Breaking out of this range on either side will signal the market’s direction. Downward Pressure , The overall sentiment seems bearish, indicating the price is trading under downward pressure. However, it is still within an accumulation phase. Fair Value Gap (FVG), The analysis suggests that the price might try to move towards the FVG, located between 150.979 and 152.746, before any potential decline. If the price breaks through this FVG zone, it will confirm an upward trend Demand Zone, There’s a key demand zone between 146.786 and 145.982. If this zone is broken, it will confirm a downtrend and likely signal further bearish movement. FVG : 150.979 and 152.746. Demand Zone : 146.786 and 145.982. Accumulation Zone : 150.350 and 147.152.
Short
by ArinaKarayi
#USDJPY #H4 #USDJPY #H4 Update 💹 After tapping into our suggested zone, price has made a strong recovery of over 150 pips! 🚀 🔍 What I'm anticipating next: There’s a chance price could revisit the same demand zone again. If we see rejection from this area (148.90-148.35), it could present another great opportunity to re-enter for a buy. However, keep in mind that this zone has already been tested twice. ⚠️ If this time the zone fails to hold and we get a confirmed bearish H4 candle close, we could see a significant sell-off in #USDJPY till 146 🔻 #StayVigilant #TradeCarefully #TechnicalAnalysis
by MrKTechnicalLevels
1
USDJPY Bullish Likely, but with potential short-term retracementThe overall structure of the USD/JPY pair is bullish, with strong support from the Ichimoku cloud, ascending trendlines, and bullish continuation patterns. The price is currently approaching a key resistance zone around 151.25 - 151.80. A break above this level would confirm the continuation of the uptrend, with targets around 152.00. If the price fails to break resistance, a retracement towards 150.28 or deeper towards 149.00 could offer buying opportunities in line with the overall bullish momentum.
Long
by Horazio
USDJPY - 4hrs ( buy Trade Target Range 240 PIP ) 🟢 Pair Name : USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long ) Break Out Done Type : Mid Term Swing ——————————— Bullish Break 151.000 Area Reasons - Major Turn level - Visible range Lvn - Pattern Break - Daily / weekly high - Fibo Golden Bearish Reversal 153.850 Area Reasons - Major Turn level / D - Visible Range Hvn - Fibo Golden - Year High Area - Choch / Inner
Long
by GoldenEngine
6
USD/JPY analysis - 22 Oct 2024150.45 acts as an important level today & if price stays above this level then we expect it to hit our target profit at 151.00. If price breaks below 150.45 then it should hit 149.9. Below is our recommendation; Trade 1 (Risk 0.5% of your account size); Buy USD/JPY @ 150.7 Stop Loss @ 150.45 Take Profit @ 151.00 Trade 2 (Risk 1% of your account size); Sell Stop USD/JPY @ 150.45 Stop Loss @ 150.7 Take Profit @ 149.9 *Total risk is 1.5%, In case Trade 1 hits target profit then Trade 2 order must be deleted.
Long
by PalmTreeTradingUK
USD/JPY Broke D Res Area , Be Reay To Buy It And Get 200 Pips !We have a very good Daily closure above our daily res , so we have a very good chance to buy this pair with retest to this broken res area and targeting 200 pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3