USDJPY time to sellU.S. Dollar / Japanese Yen forum
๏ปฟUSDJPY time to sell
USDJPY AUDUSD must be down but going up... EURGBP must be down but going up.. No idea for now ..
USDJPY This thing better pullback down and quit ucking around
USDJPY Still holdin'
USDJPY gap filled am adding inUSDJPY Finally we have approached the week end Gap just as I though. Closing 90% bring stoploss to the low of the last candle
USDJPY Fakeout or will this be respected! ๐
USDJPY That's an interesting situation for me, personally. It's how I see sales from my perspective. Widget - aggregated data, our development, take a look - it is very convenient!
USDJPY USDJPY Intraday Trade Setups
๐ก Trade Idea 1: Intraday Buy Setup
Entry: ๐ฏ 149.302
Stop Loss: โ ๏ธ 148.850 (Below 61.8% Fib Retracement)
Take Profit 1: ๐ 149.750 (Daily Resistance)
Take Profit 2: ๐ฉ 150.200 (161.8% Fib Extension)
Reason:
Price rebounded sharply from the 149.00โ149.25 daily support zone (confluence of 50% Fib retracement).
Bullish divergence observed on 1H RSI, signaling weakening downward momentum.
๐ก Trade Idea 2: Intraday Sell Setup
Entry: ๐ฏ 149.663
Stop Loss: โ ๏ธ 150.000 (Above Weekly Swing High)
Take Profit 1: ๐ 149.300 (Daily Pivot Support)
Take Profit 2: ๐ฉ 148.950 (78.6% Fib Retracement)
Reason:
Bearish rejection at 149.65โ149.80 resistance cluster (38.2% Fib + 200-period EMA).
USDJPY is currently in a corrective phase, retesting the previously broken downtrend boundary. The pair is attempting to establish a breakout amid broader dollar correction dynamics.The U.S. dollar remains under pressure due to economic and geopolitical factors, alongside persistent inflation concerns. Given this backdrop, the dollar index may experience a deeper correction, especially if expectations for prolonged interest rate adjustments continue to weigh on market sentiment.
Despite an earlier attempt to breach the downtrend resistance, the currency pair requires further confirmation to signal a potential trend reversal.
Key Levels to Watch:
Support: 148.92, 148.21
Resistance: 150.16, 150.95
A sustained hold above the 148.92 - 149.5 range could indicate growing bullish momentum, potentially leading to a move toward the 150.16 resistance level. A breakout and consolidation above this zone would provide stronger confirmation of a trend shift.