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USDJPY trade ideas

USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵 USDJPY is trading within a rising parallel channel on a daily. The price is currently testing its support. To buy the market with a confirmation, watch carefully a bullish flag pattern on a 4H time frame. A bullish breakout of its resistance and a 4H candle close above will give you a strong bullish signal. With a high probability, the price will keep rising then and reach at least 155.3 level. Alternatively, a bearish breakout of a channel's support on a daily may push the prices lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
USDJPY - 15 mins BuyChart Patterns and Observations Falling Wedge: A clear falling wedge pattern is evident, which is a bullish reversal pattern. This aligns with the marked Bottom 1, Bottom 2, and Bottom 3 zones. The breakout above the wedge suggests a shift from bearish to bullish sentiment. Accumulation Zone: Price consolidates within a narrow range (noted as an accumulation area), indicating that buyers may be stepping in to create a base for a potential upside move. The marked Target Re-Entry Zone at 153.888 serves as a possible demand zone for a retest. Key Levels: Support Levels: 153.807 (Bottom 3) is a critical support where the falling wedge's final bottom was formed. 153.943, which aligns with the retest zone, is another key area to watch for bullish rejections. Resistance Levels: Immediate resistance is noted at 154.187. The next target lies at 154.478 (Asian High), followed by Fibonacci extensions at 155.01 and 155.13, which serve as stretch targets. Indicators: RSI: RSI is gradually trending higher from oversold levels, suggesting increasing bullish momentum. A break above the midline (50) will further confirm the bullish continuation. MACD: The MACD histogram is printing green bars, indicating bullish momentum building. The signal line crossover supports the potential for upside movement. Stochastic Oscillator: Stochastic is rebounding from oversold territory and approaching the upper range, which supports short-term bullish pressure. Risk-Reward and Breakout: The price has broken out above the wedge and is trading near 154.10. The stop loss is placed below 153.807 to protect against invalidation of the setup. Buy Setup Explanation Entry: The marked buy zone appears to capitalize on a potential pullback to the Target Re-Entry Zone at 153.943. This is a common strategy to re-enter after a breakout, ensuring minimal risk exposure. Stop Loss: The stop loss is placed below the 153.486 level (below the third bottom of the falling wedge), ensuring safety against a false breakout. Take Profit: First Target: 154.724, the immediate resistance zone. Second Target: 155.022, aligning with the Asian session high. Extended Targets: Fibonacci levels at 155.01 (1.809 Fib extension) and 155.13 (R2).
Long
by tamrobert20
2
USDJPY Daily Analysis: Slight Bearish Bias Anticipated Amid Yen USDJPY Daily Analysis: Slight Bearish Bias Anticipated Amid Yen Strength and U.S. Dollar Weakness 26/11/2024 Introduction USDJPY is expected to exhibit a slight bearish bias today as market dynamics favor the Japanese yen over the U.S. dollar. The yen's safe-haven status, coupled with declining U.S. Treasury yields and dovish Federal Reserve expectations, continues to apply downward pressure on the pair. This article explores the key fundamental and technical factors shaping the USDJPY outlook. --- Key Drivers Influencing USDJPY 1. Japanese Yen’s Safe-Haven Appeal The Japanese yen (JPY) remains supported by its safe-haven status, attracting investors amid persistent global economic uncertainties. Despite a modest improvement in risk sentiment, the yen continues to draw strength from its traditional role as a hedge against volatility, particularly as market participants look for stability. 2. Weaker U.S. Dollar The U.S. dollar (USD) is under significant pressure due to dovish Federal Reserve policy expectations. Recent economic data, including subdued inflation and slowing retail sales, have reinforced market beliefs that the Fed will refrain from tightening monetary policy further, reducing the dollar’s appeal against the yen. 3. Falling U.S. Treasury Yields U.S. Treasury yields are declining as markets price in stable interest rates and potential economic slowing in the U.S. Lower yields make the dollar less attractive to investors, further contributing to the bearish bias in USDJPY. 4. Improved Japanese Economic Data Recent economic reports from Japan have painted a picture of gradual recovery, with improvements in industrial production and consumer sentiment. This strengthens the yen and adds additional downward pressure on USDJPY. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, signaling sustained bearish momentum. The Relative Strength Index (RSI) remains neutral but is trending lower, leaving room for further downside. MACD and Key Levels The MACD indicator continues to show a bearish crossover, indicating strong downward momentum. Immediate support lies at 146.50, while resistance is seen at 148.50. A break below the support level could lead to further declines toward the 145.00 level. --- Conclusion With the Japanese yen’s safe-haven appeal, weakening U.S. dollar, and falling Treasury yields, USDJPY is expected to maintain a slight bearish bias today. Traders should monitor global economic developments and any potential surprises in U.S. or Japanese economic data that could impact market sentiment. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenStrength - #USDWeakness - #USDJPYtoday - #ForexMarketOutlook - #USDJPYprediction
Short
by PERFECT_MFG
USDJPY InsightGreetings to all subscribers! Please share your personal opinions in the comments. Don’t forget to hit the boost button and subscribe! Key Points - U.S. President-elect Donald Trump has nominated Scott Besent, a hedge fund founder, as the next Treasury Secretary. - Trump stated, "On my first day in office, I will impose an additional 25% tariff on Mexican and Canadian products and 10% on Chinese products." - Long-term U.S. Treasury yields and the Dollar Index have declined, with the Dollar Index extending losses below the 107 mark. - A ceasefire agreement between Israel and Hezbollah, a pro-Iran armed faction in Lebanon, is reportedly imminent. Economic Indicators This Week - November 26: BOJ Core CPI - November 27: FOMC Meeting Minutes release, U.S. Q3 GDP, U.S. October Personal Consumption Expenditures (PCE) Price Index - November 28: Germany’s November Consumer Price Index (CPI) - November 29: Eurozone’s November Consumer Price Index (CPI) USD/JPY Chart Analysis After facing resistance around the 157 level, the pair has retreated to the 154 level. However, there is still potential for further upward movement. It is expected to find support at the 153 level, rise to 158, and then begin a significant downward trend. If the 153 level is breached, a downward reversal could occur, potentially driving the pair quickly down to the 149 level. In this case, a new strategy will be formulated promptly.
Long
by shawntime_academy
SELL USDJPY for bullish trend reversal STOP LOSS : 156.74SELL USDJPY for bullish trend reversal STOP LOSS : 156.74 Regular Bearish Divergence In case of Regular Bearish Divergence: * The Indicator shows Lower Highs * Actual Market Price shows Higher Highs We can see a strong divergence on the MACD already and There is a strong trend reversal on the daily time frame chart..... The daily time frame is showing strength of trend reversal from this level resistance so we are looking for the trend reversal and correction push from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Short
by BALE_FX
1
USDJPY - 15 Mins BUYKey Observations: Double Bottom Formation: The chart indicates the presence of a double bottom (labeled as "Bottom 1" and "Bottom 2"), a strong bullish reversal pattern. This signals that the market could be poised for an upward move after testing and rejecting the same support level. Support Zone: The Asian Low around 153.83-153.75 seems to have held, confirming this area as a significant support level. Price is currently hovering around this level and could be preparing for a bullish reaction. Accumulation and Manipulation Zones: The highlighted zones of manipulation during the London and New York sessions suggest smart money behavior. The price could now be accumulating for a potential upward breakout. Key Levels to Watch: Immediate Resistance: 154.15 (mid-range resistance) and 154.72. Further upside targets could align with R1 (155.20) and beyond if momentum supports the move. Moving Averages: The shorter-term moving averages are flat, suggesting a consolidation phase. Break above these averages can serve as a confirmation for bullish momentum. Volume and Price Action: A retest and rejection of the support level with increasing volume or a bullish candlestick pattern can further confirm the buy setup. Potential Buy Strategy: Entry Point: Look for a buy entry near the support zone of 153.83-153.75, preferably after the price forms a bullish engulfing candle or shows signs of rejection. Stop Loss: Place the stop loss below the double bottom or support zone, around 153.55, to minimize risk. Take Profit Levels: First target: 154.15. Second target: 154.72. Extended target: 155.20 (R1) if bullish momentum persists. Confirmation: Wait for a breakout above the recent consolidation range and ensure the price sustains above 154.00.
Long
by tamrobert20
2
TradeCityPro | USD/JPY : Divergence and Trend Weakness👋 Welcome to TradeCityPro! In this analysis, I’ll review the USD/JPY forex pair, focusing on the 4-hour timeframe. ⏳ 4-Hour Timeframe: Current Trend Insights At present, the trend in the 4-hour timeframe is upward, with an observable ascending trendline. The SMA99 has also acted as a support level. 🔽 However, the strength of the trend appears to be diminishing. The bullish candles are progressively smaller, and corrections have become deeper. ✨ RSI Analysis and Momentum A negative divergence is noticeable in the RSI, indicating a weakening trend. The 39.98 support level is crucial, and with the divergence and trend weakening, the likelihood of breaking this RSI level is high. If this happens, the market’s bullish momentum will fade. 📉 Short Position Strategy If the trendline is broken and the 153.639 trigger level is breached, followed by price stabilization below this level, it will signal an entry opportunity for a short position. The specific trigger, whether based on Dow Theory, a pullback to 153.639, or another strategy, depends on your approach. 📊 The next key support is at 151.512. If you missed or avoided the 153.639 trigger due to risk concerns, breaking this support could provide a safer short entry point. Subsequent supports are located at 149.177 and 145.826. 📈 Long Position Strategy Despite the weakening trend, the 156.544 trigger is still a valid entry point for long positions. The next resistance after this level will be at 157.702. 🔑 By keeping an eye on these levels and market momentum, you can effectively align your trading strategy with market conditions. 📝 Final Thoughts This analysis reflects our opinions and is not financial advice. Share your thoughts in the comments, and don’t forget to share this analysis with your friends! ❤️
by tradecitypro
1
USDJPY → False breakdown of uptrend supportFX:USDJPY is forming a false breakdown of the support of the ascending price channel. On the background of the dollar rally and strong sales of the Japanese national currency, it can be a good signal for the continuation of growth On D1 we can clearly see the upward, bullish market structure. There are no deep corrections, strong fundamental background and aggressive support from the rallying dollar. This picture may have a medium-term character and the market has a chance to test the ATH, provided that Japan does not start to take any measures to strengthen the JPY. Technically, the currency pair is consolidating above the strong support at 153.9 and intends to go even higher. There are two strong resistances ahead. Support levels: 153.9, 153.5, 152.2 Resistance levels: 155.36, 155.8, 156.7 Accordingly, a price fixation above trend support or above 155.4 will be a good signal that we are ready to go up Rate, share your opinion and questions, let's discuss what's going on with ★ FX:USDJPY ;) Regards R. Linda!
Long
by RLinda
19
selling USDJPYHello traders lets jump into it Supply D1: We have a nice supply on D1 that gave us a very wonderful move, this is the base of our trade. Momentum on 4H: what we have here are steeper and steeper pullbacks (Note that line 1,2 & 3 are parallel), you can clearly see that the trend is losing momentum and I want to take adv of that. We also have a Lower High with indicates that this might be a reversal. This is what I'm dealing with I hope you take advantage of this.
Short
by Linkhive001