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USDJPY trade ideas

USDJPY H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 152.67, which is a pullback support close to the 23.6% Fibo retracement. Our take profit will be at 155.69, an overlap resistance. The stop loss will be placed at 151.25, which is an overlap support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
USDJPY Trade SetupTime Frame: - Daily: FVG Identification - H4: FVG Identification - H1: Entry Signal 1. Trend Confirmation: Price has consolidated after the break from support at 153.27, down to 148.64. Price has now rise to 153.00 area, which is inside H4 & Daily FVG zone. 2. Fair Value Gap (FVG): On the H4 chart noted a Fair Value Gap (FVG) between 152.75 - 153.00 On the Daily chart also note FVG between 1.5195 - 1.5300 3. Position: Entry: H1 Engulfing candle Close : 152.29 Stop Loss : 153.10 Take Profit: 144.30 (fibo 161.8) RRR : 1:9.8x Note: The price has not yet reflected the end of the consolidation phase, as it has not formed a lower low. Therefore, this trade carries higher risk and a higher risk-to-reward (RR) ratio. To mitigate the risk, it is advisable to wait until the price forms a new low or breaks out of the consolidation trend. ------------- Disclaimer The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
Short
by Phoenix-Rise-Trade
4
USDJPY Is this the end of wave 4?The Elliott Wave Principle suggests a guideline of alternation between corrective waves, particularly between wave 2 and wave 4 of an impulsive wave sequence. This principle helps us identify the nature and behavior of these waves to better understand market structure. These alternations may occur in many forms, for example: Nature of corrections (sharp or shallow), Depth of correction, Structure of correction (flat or triangle, combinations etc) and Time duration of correction (quick or longer corrections). The alternation helps us anticipate the likely form of wave 4 based on wave 2’s behavior to enhance forecasting accuracy. So from these theory of alternation together with the rules around the wave principle, Looking at USDJPY at this level of price we have reached the deepest level of correction wave 4 can go. If the formation is correct, then wave 4 should not go beyond the red line. It made sense to me to take a short at the 50% fib retracement to tighten the SL however it is advisable to wait for confirmations, so saying I do believe there is still a plenty of chance for entry.
Short
by wmasehlele
USDJPY Channel Up bottomed. Very strong BUY.USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction. It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift. Trading Plan: 1. Buy after the price crosses above the MA200 (4h). Targets: 1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci extension). Tips: 1. The RSI (4h) is printing a cup into Channel Up pattern, identical to the previous Low of the Channel Up. An additional buy signal. Please like, follow and comment!!
Long
by TradingBrokersView
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 correction
by thekidtrader11
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! FxPocket
by FxPocket
USDJPY BUY | Idea Trading AnalysisUSDJPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. We expect a decline in the channel after testing the current level which suggests that the price will continue to rise Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
6
USDJPY | Market outlookThe dollar was little changed against the yen on Friday as investors digested a mixed U.S. jobs report. U.S. nonfarm payrolls rose by 227,000 jobs in November, following a revised increase of 36,000 in October. While the report showed stronger-than-expected job growth, the unemployment rate edged up to 4.2%. Analysts suggest the data supports the view that the U.S. is not heading into a recession, reinforcing expectations for the Federal Reserve's rate-cutting path. Markets are pricing in an 88% chance of a rate cut at the Fed's upcoming meeting.
Long
by DynamicCapital-FX
USD/JPY Short term Buy read what below 1) Short Term (Maximum One Month) Rating: Buy Average Target Price: 153.00 - 155.00 Justification: Economic Data: Recent US economic data reports, including CPI and employment figures, have been strong, suggesting a resilient economy, which generally supports a stronger dollar. Interest Rates: The expectation of the Federal Reserve maintaining a hawkish stance with potential rate hikes creates upward pressure on the USD against the JPY, especially as the Bank of Japan (BoJ) shows reluctance to adjust its significantly lower rates. Market Sentiment: Analyst projections indicate a bullish trend for USD, with reports highlighting robust performance in USD over major currencies and a potential target nearing 155.00. Geopolitical Stability: The US dollar is considered a safe haven amidst geopolitical uncertainties, maintaining demand over the JPY. 2) Medium Term (6-12 Months) Rating: Hold Average Target Price: 150.00 - 152.00 Justification: Economic Outlook: While the USD looks strong in the near term, medium-term trends suggest some volatility as markets adjust to the Fed's policy changes. Exchange Rate Dynamics: Analysts indicate that USD/JPY may trade in a range as US economic growth faces headwinds from potential recession fears leading into the latter half of 2025. Inflation Impacts: If inflation remains stubbornly high, the Fed may need to adjust rates further, but this could lead to economic slowdowns in the US, impacting growth and therefore the USD. Bank of Japan Policy: Any shift in the BoJ’s policy, especially if it decides to hike rates, would impact the USD/JPY exchange rate and could stabilize the yen against the dollar. 3) Long Term (2-5 Years) Rating: Sell Average Target Price: 140.00 - 145.00 Justification: Economic Shifts: Over a horizon of 2-5 years, structural changes in the Japanese economy might lead to stronger growth outcomes compared to the US, encouraging a stronger yen. Demographic Trends: Japan’s demographic shifts may compel the government to adopt more aggressive fiscal policies, potentially strengthening the yen. Global Economic Position: As the global economy transitions, shifts in trade dynamics and investment flows could favor the JPY over the USD, especially if US economic dominance wanes. Long-Term Interest Rate Trends: If the BoJ is forced to raise rates while the Fed enters an easing cycle, the relative attractiveness of Japanese securities could enhance the yen’s strength against the dollar. Conclusion The USD/JPY pair is positioned for short-term gains due to robust US economic data and a hawkish Fed stance. However, the medium-term outlook reflects potential volatility and a need for cautious holding, while the long-term perspective suggests a potential depreciation of the USD against the JPY as structural factors evolve. Monitoring economic data, interest rate decisions, and geopolitical developments will be critical in refining these views.
by FreeAnas
1
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development. It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level. As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot