usdjpyIt just broke the last LH and made a new HH. I'm hoping to go up as there is a bullish divergence.
USDJPY trade ideas
USDJPY Short USD/JPY Short Trade Analysis
This trade is purely structure-based, as I do not trade news events like Inauguration Day. My focus is entirely on price action and market structure.
The market recently dipped below the structural level at 156.310, signaling a potential bearish continuation. Currently, it's forming its Outside Return (OR)—a pullback that aligns with the broader downtrend. My target for this trade is the next key support level at 154.551, consistent with the ongoing bearish sentiment.
Staying true to market structure and ignoring news helps me maintain a disciplined and objective trading strategy.
USDJPY Short? Patience is key hereYes, price reached the white Center-Line, which means: Price is at balance.
And yes, price is at the red U-MLH, which means: price is stretched.
Two good indications that a potential breather is lurking in the throat. But I'd better wait for more evidence. More momentum to the south.
Not stalking yet, but observing on the lower time frame too.
Read The USDJPY MarketLet's Look at USDJPY Chart and Find some Trade Opportunities if it's Possible, Good Luck With Your Trades <3
USD/JPY: Consolidation Ahead of Big MoveLooking at the 4-hour chart of USD/JPY, I see the pair is currently trading around 155.79, with a notable reaction at the support area near 155.50. The 34 EMA and 89 EMA have started to widen their gap, indicating that the bearish pressure is still in place. However, the 155.50 price zone acts as an important psychological support, creating a temporary balance between buyers and sellers.
The 34 EMA acts as dynamic resistance near 156.20. If the price fails to break above this level, the downtrend is likely to continue.
A break below 155.50 could drag the price to test deeper support at 154.80 – a strong support level in previous sessions.
Conversely, if the price breaks above the 34 EMA, the pair could test the higher resistance at 156.80, near the 89 EMA.
USDJPY: Intraday Bearish Confirmation 🇺🇸🇯🇵
Earlier on Friday, I shared with you a confirmed structure
breakout on USDJPY on a daily.
This morning, retesting a broken structure, the price formed
a strong bearish confimation on an hourly.
I see a double top pattern and a violation of its neckline.
With a high probability, the price will fall and reach 155.57/ 155.18 levels.
❤️Please, support my work with like, thank you!❤️
USD/JPY Elliott Wave: Key Waves & Trade OpportunitiesOANDA:USDJPY USD/JPY Elliott Wave: Key Waves & Trade Opportunities
Elliott Wave Analysis for USD/JPY
Identified Elliott Wave Patterns:
Primary Wave Degree:
Wave 1: Begins at the low around January 9, 2025, and peaks around January 16, 2025.
Wave 2: Corrective wave from January 16, 2025, to January 20, 2025.
Wave 3: Impulsive wave from January 20, 2025, to January 23, 2025.
Wave 4: Corrective wave from January 23, 2025, to the current price level (February 1, 2025).
Wave 5: Expected future impulsive wave from the current price level.
Intermediate Wave Degree:
Wave A: Corrective wave from January 27, 2025, to February 1, 2025.
Wave B: Impulsive wave from February 1, 2025, to February 3, 2025.
Wave C: Corrective wave from February 3, 2025, to February 5, 2025.
Minor Wave Degree:
Wave i: Begins at the low around February 5, 2025, and peaks around February 7, 2025.
Wave ii: Corrective wave from February 7, 2025, to February 9, 2025.
Wave iii: Impulsive wave from February 9, 2025, to February 11, 2025.
Wave iv: Corrective wave from February 11, 2025, to February 13, 2025.
Wave v: Impulsive wave from February 13, 2025, to February 15, 2025.
Potential Future Price Movements:
Based on the identified Elliott Wave patterns, the price is currently in a corrective phase (Wave 4 of the primary degree). The next potential movement could be an impulsive Wave 5, which is typically the strongest and longest wave in the Elliott Wave sequence.
Trade Recommendations:
Long Position:
Entry Point: Around 155.644 (current price level).
Stop-Loss: 154.969 (below the recent low).
Take-Profit: 158.082 (target level based on Fibonacci retracement).
Risk to Reward Ratio: 1:2.
Short Position:
Entry Point: Around 158.082 (Fibonacci 0.618 level).
Stop-Loss: 158.874 (above the recent high).
Take-Profit: 155.644 (current price level).
Risk to Reward Ratio: 1:2.
Specific Price Levels:
Here are the key Fibonacci levels and support/resistance levels:
Fibonacci Levels:
0.382: 156.820
0.5: 156.364
0.618: 155.908
0.705: 155.624
0.786: 155.339
Resistance Levels:
158.082
157.876
157.670
157.464
Support Levels:
156.974
156.774
156.465
156.110
155.654
155.295
155.058
154.841
154.525
USDJPY BULLISH TARGETTING MONTLY MAJOR RESISTANCEINTRADAY: Watch the video for better understanding.
LONG TERM: Buy at the close of first 4H candle above daily pivot, trade save.
Uj shortjapan selling usd, they following china, same time, this is previous resistance, maybe they didn't sell enough. taking a 1.2 order short
USDJPY - Waiting for its correction and looking to some buy oppoHello mates, please feel free to share your trading ideas, and please give a Boost if you agree with my trading plan. My trading strategy is Price Action, which is the simplest strategy of trading on the price movement. A key part of my discipline is always setting a Stop Loss when opening a trading position, which ensures every trading is risk managed. Our 1 to 1 trading training is available, please message. Trade well and good luck!
Bearish drop off pullback resistance?USD/JPY is rising towards the resistance level which is a pullback resistance that is slightly below he 50% Fibonacci retracement and could drop from this level to our take profit.
Entry: 156.78
Why we like it:
There is a pullback resistance level that is slightly below the 50% Fibonacci retracement.
Stop loss: 158.12
Why we like it:
There is a pullback resistance level.
Take profit: 155.02
Why we like it:
There is an overlap support level.
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USDJPY - Rising Channels, Pullbacks, Double Tops & BOJ NewsToday we're looking at a potential bearish trading opportunity on the USDJPY.
After a long bullish rally, followed by a lengthy period of consolidation in the form of a rising channel. The &USDJPY has violated the pattern to the downside & with the recent pullback, is giving us an opportunity to jump on the next potential move down.
As we venture down to the hourly chart, we may have a potential double top to open our week which would be an excellent entry reason for getting involved.
On the fundamental side of things, later this week the Bank of Japan will make an interest rate decision & word on the street is that they are considering a hike. How a lot will depend on what happens after President Donald Trump takes over, but if an interest rate hike from the BOJ were to happen it "should" mean Yen strength and confirmation for our bearish prediction.
If you have any questions or comments please leave them below. And I hope you guys have an excellent week of trading.
Akil
USDJPYBank of Japan Governor Kazuo Ueda hinted at a possible rate hike during the Jan. 23-24 meeting, which boosted the yen. Although a 25 basis points rate hike to 0.50% is expected, the BOJ's cautious history leaves traders wary
A rate hike could strengthen the yen but also trigger volatility in the market. Japan's low interest rate policy has long supported growth, so traders will keep a close eye on any developments
USDJPY SELL AT SUPPLY ZONE SMAART MONEY CONCEPTHere on Usdjpy price form a supply around level of 157.608 resistance which is like to fall more so trader should go for short with expected profit of 151.864 and 148.121 . Use money management
USDJPY - ShortH4 trend is bearish, confirming the D1 pullback to supply zone. Currently the draw on liquidity lies below a H4 PD array (FVG)
USDJPY TRADE IDEA: LONG | BUY - W/B: 19/01/25UJ is going to be bearish for the next day or so, therefore taking opportunities as it goes up makes most sense. This is the entry I have found as the reversal has been made official.
RR: 3.64
N.B.: This is not financial advice. Trade safely and with caution.
USD/JPY bounces back from four-week low of 156.00 as USD ground.The USD/JPY pair has garnered buying interest after hitting a fresh four-week low of 156.00 during Friday's European session. The USD/JPY rebound is evident in the chart, following a strong breakout above the trade line and support.
TARGET
153.000
150.000
That's my take. What you think about USDJPY? Share them in the comment section below. Thanks
USD/JPY "The Gopher" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : You can enter a Bull or Bear trade at any point after the PPI news.
Stop Loss 🛑: Using the 1H period, the recent / nearest Pullbacks.
Goal 🎯: Bullish Robbers TP 160.00 (or) Before
Bearish Robbers TP 155.500 (or) Before
Warning⚠️ : Our heist strategy is incompatible with Fundamental Analysis news 📰 🗞️. We'll wreck our plan by smashing the Stop Loss 🚫🚏. Avoid entering the market right after the news release.
Fundamental Outlook 📰🗞️
The upcoming PPI news is expected to be positive, with the Producer Price Index for final demand predicted to rise. This is based on the recent trend of increasing prices for final demand goods and services. In the previous month, the index for final demand goods moved up 0.7 percent, with prices for final demand foods jumping 3.1 percent. The index for final demand services also rose 0.2 percent, led by a 0.8-percent increase in margins for final demand trade services.
Upcoming Fundamental Indicators:
Interest Rate Divergence: US Federal Reserve vs. Bank of Japan
US Economic Data: Non-Farm Payroll, GDP growth rate
Japanese Economic Data: GDP growth rate, inflation rate
Trade Tensions: US-Japan trade tensions
Upcoming Market Sentiment:
Bullish Sentiment: 70%
Bearish Sentiment: 30%
Neutral Sentiment: 0%
Please note that this is a general analysis and not personalized investment advice. It's essential to consider your own risk tolerance and market analysis before making any investment decisions.
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USD/JPY AnalysisI believe USD/JPY is currently in the fifth wave of the impulsive wave that started at 139.576. Based on my analysis, the pair is likely to undergo a correction, potentially reaching the 147.000 zone, before resuming its upward movement to form a new peak.
USDJPY SHORTPrice has been consolidating for some weeks... From the H4 time frame there's a break to the downside which may be an indication of a new downtrend. Fibonacci levels are in place, if price gets to the 50 and 61.8 levels I'll be waiting for bearish reversal candle stick pattern as my signal to sell.
USDJPY Retest Completion and Bounce BackThe USDJPY pair is currently trading at a price of 156.000, with a target price set at 162. This suggests a potential gain of over 500 pips, indicating a significant upward movement. The market analysis highlights that the pair has recently completed its retesting phase at a critical support level. This retest confirms the strength of the support, as the price has now started to bounce back from this zone. The pattern identified is based on support and resistance, a common and reliable technical strategy in forex trading. A bounce from support often signals a bullish trend, making this an opportune time for buyers. Traders may view this as a favorable entry point, with the potential for strong gains. However, proper risk management and market monitoring are crucial. The setup aligns with technical indicators supporting the bounce scenario. The movement suggests the pair is regaining bullish momentum.
