UJ reversal for the London SessionPrice is currently trading range bound in a rising wedge and should rally into resistance at the OB during the Asian and then reverse during the London session.
A simple 3 to 1 ratio for you
USDJPY trade ideas
UJ reversal for Asian SessionExpect price to pull back into support before we rally higher and test resistance at the Take Profit target.
A nice simple 3 to 1 ratio for you
USD/JPY retest of critical monthly level.s3.tradingview.com
Monthly will retest 151.86 before any meaningful pullback back to retest previous higher high @ 146.50.
Looking for longs tomorrow.
s3.tradingview.com
USDJPY FORECAST USD/JPY Forecast Update 📊
Currently, the USD/JPY is creating a liquidity move, indicating potential retracement on the H4 time frame. The price is showing signs of a possible reversal. If the retracement occurs, here are the key targets:
1️⃣ First Target: Order Block (OB) Zone.
2️⃣ Second Target: Fair Value Gap (FVG) Zone.
The price could move down towards these levels. If a reversal occurs near the OB zone or FVG line, it could present a buy trade opportunity.
Stay alert and be ready to catch both the retracement and the continuation move! 🚀
IS JAPANESE YEN COMING STRONGER IN FUTURE? -ELLIOT WAVE ANALYSISAs we see the price has completed its recent cycle on 3 July, 2024.
It is now in a major correction where the wave 'A' is already formed.
Now the price is forming the wave 'B' and its minimum destination is 61.80%
After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 130 zone.
The more days are passing by, selling opportunity is emerging.
So be patience and enter into the market with confident.
USDJPY sell analysis Hi friends how r u ?? I hope all is well now today best sell position for usdjpy if you agree with me please comments below and share your opinion
Best of luck
Allah bless you
USDJYP - Technical Analysis [Short Setup]🔹 USDJYP Analysis on 4H chart
- The current Trend is BULLISH
- There is BEARISH divergences
- Reversal pattern is present which is rising wedge
🔹 Trade Plan For 1HR
- Entry Level = 149.093
- Stop Loss = 149.656
- TP1 = 148.545
- TP2 = 147.982
- TP3 = 147.397
🔹 Risk Management
- First TP is 1:1
- Second TP is 1:2
- Third TP is 1:3
🔹 How to Take Trade?
- Only risk 2% of your portfolio
- Take 1% risk entry with 1:1 RR
- Take 1% risk entry with 1:2 RR
- Take 1% risk entry with 1:3 RR
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USDJPYOn the 4H timeframe, USD/JPY has been respecting the uptrend, recently completing a retracement to the 0.618 Fibonacci level, aligning with the psychological support around 149.500. This level also coincides with the 50-period MA, suggesting strong support.
Fundamentally, the Fed’s hawkish stance and robust U.S. economic data favor a stronger USD, while the BoJ's ultra-loose monetary policy supports a bullish outlook.
If 149.500 holds, the price is likely to move upward, targeting the 150.00 area and potentially higher.
USDJPY price trending up after strong accumulationPrice has been accumulating for months and bearish divergence has also been spotted.
USDJPY SELL ANALYSIS DOUBLE TOP PATTERNHere on Usdjpy price has form double top and now try to fall so there is a chance for that if price reach level of 148.824 so going for SHORT is needed with target profit of 148.226 and 147.514 . Use money management
USDJPYUSDJPY is bullish but face a supply resistance level with a probability to sell based on the sell impulse leg which tapped into supply roof.
on technical i expect that level to be respected, but buyers manage to break the supply roof it will be on demand to push further.
USDJPY - POTENTIAL SELLThe USD/JPY pair reflects mixed market conditions, driven by economic indicators and central bank speeches. While the yen gains momentary support from indicators such as strong current account data (3.02T vs. expected 2.43T), the Japanese economy faces ongoing challenges, as seen in declining household spending (-1.9%) and weaker machine tool orders (-6.5%). In contrast, the USD shows resilience, with a potential inflationary tilt supported by upcoming CPI data and stable job market indicators. However, frequent FOMC speeches highlight uncertainties, with Fed members expressing caution on future rate adjustments, especially as the U.S. economic outlook softens. Overall, the USD/JPY movement appears to balance the Fed's careful rate stance against Japan's economic pressures, likely leading to a volatile yet relatively balanced exchange rate in the short term.
To strengthen the Yen in the coming week, the Bank of Japan (BoJ) could consider a few policy measures. First, BoJ might gradually reduce monetary easing by raising short-term interest rates or scaling back government bond purchases to curb inflation and enhance the Yen's appeal as a safe-haven asset. Additionally, BoJ could issue more hawkish statements, signaling an intention to normalize monetary policy, thereby raising market expectations for a stronger Yen. Finally, fiscal policies that support government spending to boost domestic purchasing power without excessively driving inflation could also add support to the Yen’s appreciation.
In the Wyckoff pattern, if USD/JPY is currently in a Purge or RTO (Return to Origin) phase, it could indicate a potential reversal and strengthen the Yen. This phase often signifies the final push by the smart money to trigger a liquidity purge, clearing out weaker positions. If this is happening near a supply zone, it can lead to a reversal as strong hands begin to enter short positions on USD/JPY.
A confirmed reaction here, such as a shift in market structure or bearish divergence, could support a Yen strengthening scenario. However, monitoring upcoming economic data and any shifts in the Bank of Japan’s policy statements remains essential to validate this trend.
UJ SHORT SCALPGood Morning Everyone,
Here we are looking at a nice short play on UJ for 66 Points. Short Sell Orders at the 149.656 area. We have to first see how the opening of Monday morning will react. Lets see what happens. (Just my analysis)
Have a good trade everyone!
UJ is over extended and due for a pull back Price is showing signs that it is topping out, through a rising wedge forming on the 4 hour. Volume has also been decreasing whilst price has been rising which indicates a correction is due. Price should retest resistance at the Order block then retrace for a few days until it finds daily support which could be around 144.454
It can potentially drop to the equilibrium of last weekIt can potentially drop to the equilibrium of last week
I will be looking to position myself with my students and followers as highlighted on the chart if we get the confirmation.
Accumulation / Manipulation / Distribution
- No liquidity raid = No trade
- Never buy high and never sell low
“Adapt what is useful, reject what is useless, and add what is specifically your own.”
Dave FX Hunter ⚔
USD/JPY idea short 1hHey i have a little idea for a short position it goes like this.
A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think.
Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see.
If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again.
Enjoy your weekend everyone!
#RisingWedge #Bearish
Usdjpy still seems upside but having zig zag moveHello fellow traders , my regular and new friends!
Welcome and thanks for dropping by my post.
Price actions still whips in a wedge, but general direction still up unless the structure fails. Let's watch this coming week for clearer picture!
Do check out my recorded video (in trading ideas) for the week to have more explanation in place.
Do Like and Boost if you have learnt something and enjoyed the content, thank you!
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Disclaimers:
The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes.
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Classic Tuesday #3 (High Impact News Thursday & Friday)In a bullish market scenario, the "Classic Tuesday" playbook suggests a predictable weekly price pattern. Typically, the market hits its lowest point on Tuesday, offering a prime buying opportunity. The best trade can often be made from the London open on Tuesday to the New York open on Wednesday, as the market begins to rise steadily. By Thursday, the market generally reaches its weekly high, making it an ideal time to lock in profits. This strategy allows traders to capitalize on the mid-week low and the bullish momentum that follows.
NEW IDEA FOR USDJPY The possibility of the Japanese yen to grow due to strengthening expectations for an interest rate increase by the Bank of Japan
Dollar/yen has formed a downward angle pattern in the four-hour time frame, and now, provided that there is no closing of the four-hour candle above the resistance of 150.03, it can decrease to the 50% Fibo support in the range of 145.97.
USD/JPY IS STILL TRENDING UP LOOK HEREUsd/jpy is still in up move as we see last Thursday 10/17/2024 usd/jpy break 4 hour time frame higher high and now we see deep pullback were price is already reach the demand zone. Keep monitoring price in 15 min or 30 min to see change of character,so that we can enter and targeting our last swing high ,howerever if price break demand zone there will be no buy opportunity for the moment.follow me for more updates in currency pairs thank you.
USD/JPY Market Update: Key Levels and Long-Term ProjectionsUSD/JPY Market Update: Key Levels and Projections
The USD/JPY pair is nearing significant resistance levels, with potential for a correction if price action encounters selling pressure. Here’s a concise analysis of the current market structure:
Sell Zone: 152.713 - 151.934 - 150.814
This sell zone marks crucial resistance levels. If the pair closes above 152.713 on the daily time frame, the market could turn extremely bullish. However, within this zone, price could face significant resistance, triggering a pullback.
Buy Zone: Below 139, 136.000, and 128.000
The buy zones are below 139, with key support levels around 136.000 and 128.000. These zones are expected to hold strong buying interest if a correction occurs, providing opportunities for a reversal back to the upside.
Current Price Action
At 149.540, USD/JPY is approaching the lower boundary of the sell zone. While momentum remains bullish, watch for potential reversals near resistance.
COG: 144.438
The center of gravity (COG) at 144.438 is an important mid-level to watch. It could act as a pivot point in case of a price retracement, offering insight into the strength of the pullback.
Key Levels:
Resistance: 152.713 - 151.934 - 150.814 (Sell Zone).
Support: Below 139, 136.000, 128.000 (Buy Zones).
COG: 144.438.
Outlook
A breakout above 152.713 may drive further gains, while a correction toward 136.000 or below offers potential buying opportunities.
Share your thoughts in the comments, and don’t forget to boost this post if you agree with my analysis.
USDJPY /BETWEEN FVG AREA / 4HUSDJPY / 4H TIME FRAME
HELLO TRADERS
The price is attempting to reach a Fair Value Gap (FVG) between 150.961 and 152.784. This suggests the price is in a critical area that could lead to potential buying or selling opportunities.
There’s a possibility of the price retesting 148.340 before starting to rise. This indicates that the author believes the price might dip before moving upwards.
The statement notes that the overall price is under bearish pressure, meaning there is a downward trend. The reference to remaining below the FVG indicates a struggle for the price to rise past this zone.
If the price does not break above the FVG, the analysis suggests it may decline further, targeting the FVG between 148.340 and 146.430. This is interpreted as a confirmation of a downtrend.
To confirm a downtrend, the price must break below the current FVG, aiming for a secondary FVG between 145.291 and 144.379. This indicates a bearish outlook if these levels are breached.
UPWARD FVG : 150.961 and 152.784.
DOWNWARD FVG : 148.340 and 146.430 , 145.291 and 144.379.
USDJPY ready to fly! FA: USDJPY
🏛 Pressure on the yen is exerted by data on inflation in Japan. Thus, the national consumer price index in September decreased from 3% to 2.5%, while the index excluding food and energy prices slightly increased from 2% to 2.1%. The current inflation dynamics is unlikely to contribute to the realization of the Bank of Japan's plans for further tightening of monetary policy. At the same time, the regulator has repeatedly noted that it will not change monetary parameters during the period of high volatility in the market.
📊 In turn, the dollar received additional support after the release of data on consumer activity in the United States. Thus, retail sales in September rose from 0.1% to 0.4%.
TA:
1. Uptrend on 1h time frame
2. Test ob on news in deep discount and nice bounce from it
4. Insane pin bar ( hammer ) on 1h time frame
3. liquidity sweep of Asian low
5. PDH as main target
