Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that line sup with the 61.8% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 142.10
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 141.15
Why we like it:
There is a pullback support level that aligns with the 78.6% Fibonacci retracement.
Take profit: 143.78
Why we like it:
There is a pullback support level that lines up with the 78.6% Fibonacci retracement.
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USDJPY trade ideas
USDJPY UPDATED Technical Elements Observed
Bullish Reversal Setup:
There’s a greyed box indicating a potential bullish setup.
A projected “W” pattern (double bottom) is drawn within the red zone, implying a reversal formation.
Support Zone (Red Area):
Range: ~143.791 to 144.486
The chart suggests a possible bounce off this zone.
This is the critical demand/support area.
Resistance / Target Zone:
Target price: ~147.056
This implies a ~200-pip upside move from the support area.
Stop-Loss Indication:
Below the red zone: ~143.700
This is a conservative stop-loss based on the chart setup.
Trade Idea Summary (Based on Drawing)
Buy Zone: 144.486–144.000
Stop Loss: ~143.700
Take Profit: ~147.056
Risk:Reward Ratio: Approximately 1:3 or better
Yen rally ends, markets eyes Fed rate decision and BoJ minutesThe Japanese yen is in negative territory on Wednesday, after a three-day rally which saw it gain 2% against the US dollar. In the European session, USD/JPY is trading at 143.29, up 0.61% on the day.
The Bank of Japan releases the minutes of its March meeting on Thursday. At the meeting, the BoJ held the key policy rate at 0.5% in a unanimous vote. Members cautioned that there was uncertainty over tariffs, which the US was expected to announce in April.
Since then, the financial markets have see-sawed in response to President Trump's erratic tariff policy. Japan's export-reliant economy could be hit hard, but Tokyo is already negotiating with the US and hopes to carve out an agreement to cancel or at least mitigate the impact of the tariffs.
The Bank of Japan is walking a tightrope, as it wants to continue to normalize policy and raise rates, but is worried about the uncertainty over the tariffs and the real possibility of a global trade war. Bank policymakers are taking a wait-and-see stance, hoping that US trade policy will become more clear.
The Federal Reserve is virtually certain to maintain rates at today's FOMC meeting. There's little doubt about the decision but investors will be all ears as to the amount of pushback from Fed Chair Jerome Powell, after President Trump has repeatedly pushed him to lower rates.
The markets have priced in a 30% chance of a cut in June, compared to a 63% likelihood just one week ago, according to CME's Fedwatch Tool. We can expect the pricing of a June cut to continue to swing, as the tariff saga continues.
Stay within the trend line and wait for FOMC🔔🔔🔔 USD/JPY news:
➡️ Last week, the Bank of Japan adopted a cautious tone by lowering its growth and inflation forecasts, leading investors to scale back their expectations for another rate hike in June or July. However, the central bank reaffirmed its commitment to further interest rate increases if economic and price trends align with its projections.
➡️ Meanwhile, the unpredictable trade policies of U.S. President Donald Trump has overshadowed optimism stemming from eased U.S.-China trade worries, unsettling investors. In fact, Trump announced a 100% tariff on all foreign-produced films on Sunday. Additionally, geopolitical risks have bolstered demand for the safe-haven Japanese yen.
Personal opinion:
➡️ USD/JPY will remain within the trend line and will wait for the upcoming FOMC.
➡️ Analysis based on resistance - support levels and trend lines combined with EMA to come up with a suitable strategy
Personal Plan:
🔆Price Zone Setup:
👉Buy USD/JPY 142.40 - 142.30
❌SL: 142.85 | ✅TP: 143.00
FM wishes you a successful trading day 💰💰💰
Analysis of the Latest SignalsRecently, the situation in Ukraine and Russia has remained tense, and the conflict in the Middle East has escalated (such as the confrontation between Israel and the Houthi armed forces in Yemen), prompting funds to flow to traditional safe - haven currencies. However, the Bank of Japan (BoJ) maintained a dovish stance last week and did not clarify the interest - rate - hike path, which limited the upside potential of the yen.
Although inflation in Japan persists and wage growth is strong (the largest increase in 34 years), the BoJ's cautious attitude towards economic recovery has led the market to lower the interest - rate - hike expectations for June and July, putting pressure on the yen.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
Loading up on Yen Dollars - USDJPYThis is the 4H chart and I am trading 3 contracts on this pair.
This is going to be a swing trade which may takes some weeks/months to play out. By determining the SL first, you can have a clear idea and know in advance that is how much you are going to LOSE in value terms.
No matter how well your charting or analysis may be, the market may go against you and if that happens, your SL is hit, are you OK, financially ? That means, your 1000 or 500 or 5000 loss - would it be your end of the world? Thus, it is important to put a small fixed amount to do trading and NOT BE GREEDY.
There are so many things you can go LONG/SHORT depending how knowledgable you are with the market. For example, the cutting of the RRR by China this morning along with other stimulus drives the HSI up 2+% but it is now paring down. That means you could see your profits dwindle or worse, turns into a LOSS if you are not watching or preset your SL/profit target. Never be too sure of your chart as market can moves very quickly.
SO, I like swing trade because it is over a longer time frame and once I am ok with the SL, I will go ahead, not adjusting the limits along the week. This defeats the purpose.
By having 3 contracts (you can have 10 or more), it helps to take some profits off the table if halfway you have cold feet, at least you recover some money. Often, the anxiety kicks in not at the beginning but as tension builds up, you start to see your profits rolling one night and the next it is back to zero , that is when your heart starts to beat faster and thoughts racing to tell you to get out or stay calm. This process takes time .
Again, I advocate not having too many positions open as it can be quite challenging for you to manage should something ROCK the market. Just closing your trades fast would make your fingers go numb and not at your call. 3 positions will be just nice and best to diversify.
For me, I like indices , forex and maybe one crypto. You can have a different combination or just concentrate on one.
As usual, trade with spare money that you can afford to lose and NEVER EVER borrow money to trade. Man up, if you lose . Treat it as tuition money and something that you need to pay to learn from your mistakes albeit a costly one. That is why I first started with forex and go for the safest pair - EURUSD .
Best of luck and DYODD
TOP DOWN ANALYSIS ON USDJPY 4HR TIMFRAME BIASOn the 4hr timeframe, price created divergence right at the major zone indicating reversal and price went further to break the 4hr trendline signaling bullish and rhyming with the monthly/weekly/daily established bullish bias hence we established a possible entry long on the USDJPY pair.
USDJPY INTRADAY bearish below 145.60The USDJPY pair is exhibiting a bearish sentiment, reinforced by the ongoing downtrend. The key trading level to watch is at 145.60, which represents the current intraday swing low and the falling resistance trendline level.
In the short term, an oversold rally from current levels, followed by a bearish rejection at the 145.60 resistance, could lead to a downside move targeting support at 141.00, with further potential declines to 139.50 and 138.40 over a longer timeframe.
On the other hand, a confirmed breakout above the 145.60 resistance level and a daily close above that mark would invalidate the bearish outlook. This scenario could pave the way for a continuation of the rally, aiming to retest the 147.90 resistance, with a potential extension to 149.00 levels.
Conclusion:
Currently, the USDJPY sentiment remains bearish, with the 145.60 level acting as a pivotal resistance. Traders should watch for either a bearish rejection at this level or a breakout and daily close above it to determine the next directional move. Caution is advised until the price action confirms a clear break or rejection.
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USD/JPY Market Structure Update – May 7, 2025📊USD/JPY Market Structure Update – May 7, 2025
🔹Current Price: 143.05
🔹Timeframe: 1H
📌Key Supply Zones (Resistance):
🔴143.549 – Minor LH (Watch for lower-timeframe reaction)
🔴144.187 – M15 Lower High Zone (ideal for scalping shorts)
🔴145.013 – H1 LH Structure
🔴145.656 – Best H1 Selling Area (HTF confluence)
📌Key Demand Zone (Support):
🟢141.932 – H4 Best Buy Area (strong historical reaction zone)
📉Bearish Outlook:
Market structure is currently bearish with price forming lower highs. Sellers should look for rejection patterns at 143.549 or 144.187 with potential downside targets back toward 142.000–141.932.
📈Bullish Scenario:
Only above 145.013 does the bearish structure begin to shift. Until then, rallies into premium zones are short opportunities.
⚡Trading Tip:
✅Enter after confirmation (e.g., M15 BOS or Engulfing)
✅Target HTF demand near 142.000
✅SL above recent LH for clean risk management
#USDJPY #SmartMoneyConcepts #SupplyAndDemand #PriceActionTrading #FXFOREVER #BreakOfStructure #LowerHighs #ForexAnalysis #IntradayUpdate
Complete Mapping Analysis — USDJPY (H1 Chart)Strategy Focus: Elliott Wave (Impulse) + AO Divergence + Fibonacci Extensions
🔍 1. Current Wave Structure (Elliott Wave Count)
You’ve identified:
A completed Wave 3 (impulse).
A completed or nearly completed Wave 4 correction.
Now projecting Wave 5 to complete the 5-wave impulse.
Substructure breakdown:
Wave 1-2: Clean impulse and pullback.
Wave 3: Strong rally with AO confirming higher momentum peaks.
Wave 4: Corrective move, breaking below the internal trendline (initial break), signaling potential end of correction.
Wave 5 (projected): Final push upward to complete the motive wave.
📊 2. Fibonacci Extension Targets
From Wave 0–3 and Wave 4 retracement:
2.618 extension: ~146.50
2.886 extension: ~146.78
4.236 extension: ~148.22 (Aggressive top for a possible extended fifth)
These are possible Wave 5 termination zones. Confluence with previous supply zones increases likelihood of reversal here.
📉 3. Momentum Confirmation — Awesome Oscillator (AO)
You're watching for:
Bearish Divergence on AO:
Wave 3 had a strong momentum peak.
Expect Wave 5 to push higher in price, but AO shows a lower high, signaling weakening momentum.
This aligns with classic Wave 5 behavior — price extension with momentum exhaustion.
🧭 4. Entry Strategy
Setup: Long entry at Wave 4 bottom.
Entry trigger: Initial break → minor pullback → bullish confirmation candle.
AO: Turns green after red bars = first sign of momentum recovery.
Optional confirmation: Break of short-term structure high (micro Wave 1 in Wave 5).
🎯 5. Take Profit Plan
Layered take-profit strategy based on Fibonacci and AO:
Target Zone Price Area Action
TP1 (Safe) ~1.618 (145.44–145.72) Take partial profit (30–50%)
TP2 (Primary) ~2.618 (146.50) Secure majority of profit (80%)
TP3 (Max/Stretch) ~4.236 (148.22) Optional final push / runner
🛡 6. Stop Loss Strategy
SL placement: Below Wave (4) low (~143.73 zone) or below structure break.
Use structure break or strong bearish engulfing as a reason to exit early if momentum fails.
⚠️ 7. Divergence & Reversal Monitoring
Once price enters your TP2–TP3 zone:
Look for:
AO divergence (price high vs. AO lower high).
Bearish engulfing candles or microstructure breaks.
Weak volume or extended wick rejection.
These may indicate Wave 5 completion and the start of Wave A (correction) or a reversal.
🔄 8. Next Play After Wave 5 Completes
If divergence confirms and reversal begins:
Map corrective structure (ABC).
Short from:
Break of rising wedge/trendline.
AO flips red + break of microstructure.
Target retracement:
0.382 to 0.618 retracement of the full Wave 1–5 impulse.
Target zone: ~144.80 – 143.70
✅ Summary: Strategic Flow
✅ Identify Wave 4 completion → Confirm via initial break + minor pullback.
✅ Long entry for Wave 5 → Enter on bullish candle or structural break.
✅ Track AO → Expect divergence at Wave 5 peak.
✅ Use Fibonacci for TP zones.
✅ Exit with confirmation of divergence and reversal signs.
✅ Option to reverse short post-Wave 5.
Flight to safety assetsApart from Gold , which I had made a call to go LONG , there are other assets that you can consider as well.
The EURO, SWISS FRANC and YEN are some currencies that are considered as forex safe haven as well. So, in this chart, except for EURUSD is a LONG, the other two pairs, USDJPY and USDCHF is a SHORT (sell US dollars and buy JPY/CHF).
If I have to choose, EURUSD will be the safest pair as its spread is much tighter and less volatile , next is USDCHF and more risky would be USDJPY. Depending on your risk appetite, capital, time frame, each of this pair can add diversification and cushion to your portfolio.
I am currently vested in USDJPY and had closed EURUSD yesterday.
As usual, please DYODD
USD-JPY Local Long! Buy!
Hello,Traders!
USD-JPY has fallen down
Sharply and the pair is
Locally oversold so after
It hits the horizontal support
Of 141.800 a local bullish
Correction is to be expected
Buy!
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Yen Slips Toward 144 on Stronger DollarThe Japanese yen edged lower toward 144 per dollar on Tuesday, as the U.S. dollar strengthened amid optimism over potential U.S.-China trade talks and investor caution ahead of the Federal Reserve’s policy decision. President Trump suggested a possible reduction in tariffs on Chinese goods. Meanwhile, the Bank of Japan held rates steady but revised its growth and inflation outlook. Trading activity remained subdued due to a public holiday in Japan.
Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
USDJPY, Bullish TrendFundamentally JPY is on bearish side
COT data shows highest long positions opened in JPY
dovish remarks by central bank positions JPY on bearish side
Expected stable rate of USD in coming FOMC rise bulls in USD
seasonality shoes USD bullish in MAY while JPY sideways
Current scenario of trump being lenient on tarrifs also bring momentum
in risk off scenarios i.e lower participant interest in JPY
On technical, USDJPY hit its strong weekly support level
Look for buy setups
68% fib retracement completed
Trendline support intact
currently sideways
buy in parts
buy 1. CMP at small risk
buy 2. upon closing above 144.296
Stoploss below 143.5
USDJPY Will Move Higher! Long!
Take a look at our analysis for USDJPY.
Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 144.942.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 148.284 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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USD/JPY 4H Analysis: Demand Zone Re-Test Before Bullish Continua1. Trend Channel
🔼 Uptrend: The pair is moving inside an ascending channel.
▪️ Support: Lower boundary of the channel.
▪️ Resistance: Upper boundary of the channel.
2. Recent Price Action
🔴 Pullback: After reaching the top at 146.199, price is retracing.
📉 Price is now heading toward the Demand Zone.
3. Demand Zone
🟦 Demand Zone (142.405 – 143.180):
This zone could act as a strong support
Buyers might step in here
Watch for bullish patterns or rejections around this area
4. EMA 70
📏 EMA 70 (143.568) is slightly below current price (143.949) — this may offer temporary support/resistance.
5. Target
🎯 Target Point: 146.194
If price bounces from demand zone, this is the next bullish target.
Possible Scenario
1. 🔽 Price dips into the Demand Zone
2. 🟢 Bullish bounce → Confirm with candlestick signals
3. 🚀 Upside move targeting 146.194
USDJPY 15 MINUTESThis chart shows a potential bullish setup for USD/JPY, highlighting:
A downtrend break suggesting a reversal.
A buy zone near the trendline support around 142.50.
Projected upward movement through Level 1 (142.97) and Level 2 (around 143.50).
A final target near 144.00 marked as “TADGET SUCCESSFUL” (note the spelling error: should be “TARGET SUCCESSFUL”).
It appears the analysis anticipates a bounce from the trendline with confirmation if it clears Level 1.
Would you like help refining this setup or checking for additional confirmation indicators?