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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USDJPY BREAKING KEY LEVELS TOMORROWUSD/JPY is exhibiting bearish momentum after a rejection at a key resistance level, with multiple upper wicks indicating strong selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the sharp reversal suggests sellers used this opportunity to enter short positions. The pair has broken below an intraday trendline, confirming it as new resistance upon retest, while bearish divergences on the RSI and MACD signal weakening bullish momentum. Additionally, the price is trading below both the 50- and 200-period moving averages, with a death cross reinforcing the bearish trend. Increasing volume on downward moves compared to lighter retracements further supports the likelihood of continued downside pressure. + if not today, Monday is the day the lower KL breaks
Short
by edl75
USD/JPY Sell Setup: Strategy OverviewTechnical Insight: Current Market Position: The USD/JPY is hovering around a critical resistance level at 157.719, with historical data showing a struggle to break above 160.000. Price Action: The chart indicates a recent failed breakout attempt, now acting as a potential reversal signal. This is highlighted by the downward arrows, suggesting a sell-off after hitting resistance. Fundamental Backdrop: US Economic Health: Stronger than expected economic data from the US, especially employment and inflation figures, could bolster the USD. However, any dovish signals from the Fed might weaken the dollar. Japanese Economic Factors: Japan's economic policies, particularly any intervention by the Bank of Japan (BoJ) to weaken the yen, could play a role in the currency's valuation against the dollar. Trading Strategy: Sell Entry: Optimal entry would be on a confirmed rejection from the current resistance, ideally with a bearish candlestick pattern or a significant wick at the top. Profit Targets: Primary Target: Aim for a sell-off to 151.350, a level where the price found previous support. Secondary Target: If momentum continues, look towards 151.000, which could serve as a deeper support level. Risk Management: Stop Loss: Set above the recent high at 151.870 to protect against unexpected bullish moves. Position Sizing: Calculate your position size based on the distance to the stop loss, ensuring it aligns with your risk management rules. Additional Considerations: Market Sentiment: Monitor global market sentiment. A shift towards risk aversion often sees capital flows into the yen, potentially strengthening it against the dollar. Geopolitical Events: Keep an eye on any geopolitical developments that might affect either the US or Japan's currency, such as trade negotiations or regional conflicts. Conclusion: The USD/JPY pair offers a strategic sell opportunity based on both technical resistance and potential fundamental shifts. Ensure your trading decisions are informed by both these aspects and manage risk appropriately. This setup, while not guaranteed, provides a structured approach based on current market conditions. Always remember to stay updated with real-time market news and adjust your strategy as needed.
Long
by DreamsForx
4
USDJPY Buy ForecastUSDJPY New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Long
by King_CityStar_Fx
The Cup and Handle pattern is a bullish continuation pattern The Cup and Handle pattern is a bullish continuation pattern that signals a potential upward breakout after a period of consolidation. It consists of two parts: Cup: A rounded bottom resembling a "U" shape, indicating a period of consolidation. Handle: A smaller consolidation phase following the cup, often sloping slightly downward. In the context of the USD/JPY currency pair, identifying a Cup and Handle pattern involves analyzing historical price charts to spot this formation. As of December 12, 2024, there is no widely reported instance of a Cup and Handle pattern in USD/JPY. However, traders can utilize charting platforms like TradingView to examine historical data and identify such patterns.
Long
by sivasaravanand
USD/JPY Technical Analysis The price is currently testing the upper boundary of the ascending channel near 152.40, which acts as a critical resistance level. If this resistance holds, the pair may see a retracement towards the midline support around 151.10. Key Points: Resistance at 152.40: This level represents the upper boundary of the channel, and a rejection here could initiate a downward movement. Support at 151.10: The midline of the channel serves as the first significant support level if the price starts to decline from the resistance zone. Technical Indicators: The price is extended and approaching overbought levels, suggesting the potential for a pullback. Key moving averages and Ichimoku components indicate the possibility of short-term corrective moves. Conclusion: As long as 152.40 resistance remains intact, the price is likely to decline towards the 151.10 support level. Traders should watch for confirmation of rejection at the resistance before taking positions.
Short
by arongroups
1
Posible 600pips USDJPY for CPIPrice has moved as anticipated, completing the first 300 pips on the buy scenario. Now, our focus shifts to the sell setup, aiming for the downside target. As we prepare for this next move, remember to trade safe and prioritize your risk management—always keep it tight and controlled. Stay disciplined, stick to the plan, and remain confident all the way. I’ll keep this space updated with any new developments, so stay tuned. Let’s make it count! Patience is the way! IEIOS
Short
by Ieios
1-hr USD/JPY: The Dollar King is Going North Over the past 10 days, the USD/JPY pair has gained 320 pips, reaffirming its uptrend. This strong bullish momentum is supported by the appearance of two Golden Cross patterns, a classic signal to buy. Meanwhile, both the EUR and AUD are losing value, indirectly hinting at further Yen weakness. However, in the last few hours, a minor correction has emerged, primarily driven by profit-taking. If short-term selling intensifies, we plan to wait for a deeper pullback before entering a buy position. The 150.90 level has recently acted as a support zone, coinciding with the critical 38% Fibonacci retracement level. Entering at this lower level offers traders a more favorable risk-to-reward ratio while aligning with the broader uptrend. This strategic entry point could provide an opportunity to capitalize on the pair's strong momentum while mitigating downside risk.
Long
by Trendsharks
3
USDJPY H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 151.08, which is a pullback support. Our take profit will be at 152.15, an overlap resistance close to the 50% Fiob retracement and the 161.8% Fibo expansion, indicating a strong level of resistance. The stop loss will be placed at 150.03, which is a pullback 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
USD/JPY – 30-Minute Time Frame AnalysisUSD/JPY – 30-Minute Time Frame Analysis USD/JPY has recently broken above the key resistance level of 150.665 and is now retracing to test this level as potential support. This is a critical zone to monitor for a potential buy opportunity, provided the right conditions are met. Key Levels and Trade Setup Retest of 150.665: The price is retracing to the 150.665 level, which is now acting as a support zone after the breakout. On the 30-minute time frame, this area aligns with a significant order block, indicating potential institutional interest. Confirmation for a Buy Trade: Before entering a long position, wait for clear signs of rejection at 150.665. Look for a bullish reaction, such as: A wick to the downside indicating liquidity grab. Bullish candlestick patterns (e.g., hammer, engulfing). Only enter a trade if the price shows strong upward momentum after interacting with this level. Risk Management: Ensure stop-loss levels are well-placed below the 150.665 zone to minimize risk. Avoid impulsive trades without clear confirmation, as false breakouts or retracements can occur. Final Thoughts This analysis is based on the 30-minute time frame, which provides a clearer picture of the current price action. Patience is essential; let the price test the 150.665 zone and wait for a proper reaction before entering a position. Remember, protecting your capital is key. Always trade with a well-thought-out plan and adhere to proper risk management. That’s it for today’s update. I hope this analysis adds value to your trading strategy. Don’t forget to like and comment if you found this helpful!
Long
by KainT21
Bearish drop off pullback resistance?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and the 161.8% Fibonacci extension and could drop from this level to our take profit. Entry: 152.22 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement and the 161.8% Fibonacci extension. Stop loss: 153.56 Why we like it: There is a pullback resistance level. Take profit: 150.78 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). 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 Everest Fortune Group.
Short
by VantageMarkets