U.S. Dollar / Japanese Yen forum
USDJPY it will be heading to hell in a couple of days.
USDJPY Set Buy limit @ 156.290 SL 156.125Ofcourse manage risks accordingly!
USDJPY all I see is sells for the next couple days
USDJPY "TOKYO: The Bank of Japan is expected to raise interest rates on Friday (Jan 24) barring any market shocks when US President-elect Donald Trump takes office, a move that would lift short-term borrowing costs to levels unseen since the 2008 global financial crisis." Anyone keeping your "short" position still for this pair? I am..hopefully it doesn't go the other way
USDJPY wow did't expect that.....hopefully flip during NY session.
USDJPY tomorrow's gonna be bearish because of BoJ rate hike. And if it's not, then the USD is just cheatin.
USDJPY 📊 USDJPY 23rd January 2025 Daily Analysis Based on Main Key Levels
Current Market Overview
The current Daily Current Market Price (DCMP) for USDJPY is 156.614. This analysis identifies key resistance and support levels, along with actionable trade setups based on technical and fundamental analysis.
Key Levels Summary
Resistance Levels Above DCMP (156.614)
🔺 Resistance 1: 157.721
🔺 Resistance 2: 158.481
🔺 Resistance 3: 159.711
Support Levels Below DCMP (156.614)
🟢 Support 1: 155.261
🟢 Support 2: 154.501
🟢 Support 3: 153.271
Swing Levels
📊 Swing High: 158.880
📊 Swing Low: 156.237
Trade Setups
💼 Intraday Buy Trade Setup
Entry Price: ✨ 156.491
Stop Loss: ❌ 156.200
Take Profit 1: 🎯 156.800
Take Profit 2: 🎯 157.000
Reason for Entry:
The support level at 156.491 is below the DCMP, establishing a strong buying zone. This level aligns with significant technical support, indicating potential for upward movement.
💼 Intraday Sell Trade Setup
Entry Price: ✨ 157.721
Stop Loss: ❌ 158.000
Take Profit 1: 🎯 157.400
Take Profit 2: 🎯 157.200
Reason for Entry:
The resistance level at 157.721 is above the DCMP, indicating a strong selling zone. This level aligns with key technical resistance, suggesting potential for downward movement.
Analysis Summary
Resistance and Support Levels: Key levels derived from technical analysis indicate potential reversal zones. Resistance levels are identified at 157.721, 158.481, and 159.711, while support levels are at 155.261, 154.501, and 153.271.
Fibonacci Levels: The identified support and resistance zones highlight significant retracement and extension levels, providing potential entry points for trades.
RSI Divergence: RSI indicates potential overbought conditions at resistance levels and oversold conditions at support levels, confirming possible reversals.
MACD Crossing: MACD suggests bullish momentum at support levels and bearish momentum at resistance levels, providing additional confirmation for trade setups.
Conclusion
This analysis provides actionable trade setups and key levels to help traders make informed decisions in the USDJPY market. With the current market price at 156.614, traders can utilize the outlined resistance and support levels, along with technical indicators, to execute trades confidently.
USDJPY I entered a sell limit order last night based on H4 timeframe. Executed this morning.
USDJPY expecting weekly candle to close at around 159-160 zone