ShortYesterday, I opened a short position during the Asian session and published my trade set up , but I ended up manually closing the position before the US open becauseI was a bit anxious about US GDP data.
But the main concern was the price was hovering around the major support and resistance area and I could see valid reasons to go long as well.
The obvious reason for the long position was the price was forming big inverted head and shoulder patterns. So, if the price broke above the resistance area, there would have been a great upside potential.
However, after the US session opened, I ended up opening a short position. The reasons are written in the article I published yesterday. Please read that article that is linked below.
But another argument I would like to add for the bear scenario is this.
In Nov-Dec 2024, we had a very similar set up ( dark blue rectangular box in the chart.) At the time, the price was also forming the inverted head and shoulder at the same support/resistance zone. Once it broke the resistance line, it took off to the upside. And that same scenario can unfold this time as well.
However, what is different between Dec 2024 period and the current period are:
1) VWAP (volume weighted average price) drawn from the major low in 24th Sept was working as support but this time the same VWAP is working as resistance.
2) MACD and RSI were moving from bear zone to the bull zone, but this time they are moving to the downside from the bull zone.
Therefore, I think the momentum is to the downside this time. The only time will tell.
My current short position is quite small. However, once the direction becomes more clear I plan to add more position because the move to the downside from here can be quite significant.
USDJPY
USDJPY analysis week 14🌐Fundamental Analysis
The Federal Reserve (Fed) kept interest rates unchanged in the 4.25% - 4.50% range and forecast core PCE inflation to average 2.8% by year-end. The higher-than-expected inflation data reinforced expectations that the Fed will maintain current interest rates for an extended period. Investors are concerned that these tariffs could add to global inflationary pressures and trigger a recession.
In Japan, the Tokyo CPI rose sharply in March, boosting expectations that the Bank of Japan (BoJ) will continue to raise interest rates this year. The hot inflation data also supported the Yen's appreciation against other currencies.
🕯Technical Analysis
USDJPY is still in a bullish recovery. The pair is facing support at 149.200, preventing further declines. The weekly high around 151.100 is still acting as key resistance before the pair breaks out to 152.000. Conversely, if the trend breaks at 149.200, weekly support is seen at 148.300.
📈📉Trading Signals
SELL USDJPY 151.300-151.100 SL 150.500
SELL USDJPY 152.000-152.200 SL 152.400
BUY USDJPY 149.300-149.100 SL 148.900
My USDJPY Short Idea 28/03/2025Tokyo CPI came in hot today we have inflation in progress signaling mild-hawkish tone for BOJ. BOJ is known for taking decisions slowly so I do not expect a rate hike to happen soon but we may see it in the very near future. Afterall BOJ Interest rate 0.5 is considered high for its historical data. Aiming for 1.00 interest rate is something huge that few people understands its magnitude.
Taking this short attempt.
ShortI had a few failed short trades in the last few weeks for this pair.
My overall bias is bearish and I must admit having a strong bias cost me. I was too eager to execute a trade and I ended up front running and instead of reacting to the price action.
This morning, I opened two short positions (1 position size divided into two) for USDJPY .
Trade set up:
Entry: 150.945Stop Loss: 151.458
Target 1: 149.680 (blue horizontal line - previous week open price, Fair value gap and order block in 4H) Target 2: 148.306 (Previous week low, fair value gap )
Reasons for short entry:
Weekly:
The price had broken and closed below the previous low at 148.65. It went up again but it is respecting FVG at 150.50 zone.
RSI is starting to enter the bear territory.
Daily:
The price is still below EMA 200 and is respecting FVG at 150.50 zone.
RSI line is still in the bear zone.
4H:
The price dropped and closed below the ascending trendline.
I like the candlestick formations at the FVG - very small candles with upper wicks followed by a large engulfing candle. (1H is better to see the price movement). Sorry, I forgot the name of this formation! RSI is presenting negative divergence.
Ideally, it is better to wait for the price to drop, retest and close below 200EMA in 4H and 4H RSI to dive into bear territory. However, I felt there are enough confluences to support my bias and I like the risk:reward for this set up. Therefore, I decided to open a short position, but my position size is small.
Please let me know what you think.
USD/JPY(20250328)Today's AnalysisToday's buying and selling boundaries:
150.74
Support and resistance levels
151.83
151.42
151.16
150.32
150.06
149.66
Trading strategy:
If the price breaks through 151.16, consider buying, the first target price is 151.42
If the price breaks through 150.74, consider selling, the first target price is 150.32
USDJPY Will Go Lower! Short!
Take a look at our analysis for USDJPY.
Time Frame: 3h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 150.395.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 149.580 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
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Fundamental Market Analysis for March 28, 2025 USDJPYEvent to pay attention to today:
14:30 EET. USD - Core PCE Price Index
USDJPY:
On Friday, during the Asian session, the Japanese yen (JPY) fell to a near four-week low against its US counterpart. This was due to concerns that US President Donald Trump's trade tariffs could affect key domestic exports. However, the release of robust consumer inflation data from Tokyo provided a welcome respite for those anticipating a more hawkish stance from the Bank of Japan (BoJ), potentially paving the way for further interest rate hikes. The BoJ's opinion summary also indicates that a rate hike remains a possibility should the economy and prices align with forecasts.
Additionally, the prevailing risk-off environment, triggered by Trump's imposition of auto tariffs late Wednesday, has served to support the safe-haven yen, leading to a fall in the USD/JPY pair below 151.00 in the last hour. However, the emergence of some US Dollar (USD) dip buying could support the currency pair and help limit further losses. Additionally, traders may adopt a wait-and-see approach, preferring to observe the US Personal Consumption Expenditure (PCE) price index to ascertain the Federal Reserve's (Fed) rate-cutting intentions.
Trade recommendation: BUY 151.000, SL 150.400, TP 151.750
Bearish drop off overlap resistance?USD/JPY is reacting off the pivot and could drop to the 1st support which has been identified as an overlap support.
Pivot: 151.23
1st Support: 149.91
1st Resistance: 152.23
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USD/JPY H4 | Falling to Fibonacci confluence supportUSD/JPY is falling towards a multi-swing-low support and could potentially bounce off this level to climb higher.
Buy entry is at 150.11 which is a multi-swing-low support that aligns with a confluence of Fibonacci levels i.e. the 23.6% and 38.2% retracements.
Stop loss is at 149.30 which is a level that lies underneath a multi-swing-low support and the 38.2% Fibonacci retracement level.
Take profit is at 151.17 which is an overlap resistance.
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USD/JPY Nears 200-dma Re-Test After 150 DefenseUSD/JPY has continued to snag bears with several bear traps so far this year. While there was a series of lower-lows in the first part of March, as the USD was plummeting against most major currencies, USD/JPY has turned around over the past three weeks, and is now nearing a re-test of the 200-day moving average.
The 150.77 Fibonacci level held the highs on Monday, Tuesday and Wednesday of this week, and that now becomes a spot of higher-low support potential for pullback scenarios. For next resistance, the 151.51 Fibonacci level is nearing confluence with the 200-day moving average, and the 151.95 level remains important. If bulls can stretch the move, that seems a logical area to look for a pause in the trend. - js
USD-JPY Resistance Ahead! Sell!
Hello,Traders!
USD-JPY keeps growing
But will soon hit a horizontal
Resistance of 151.466
So after the retest we will
Be expecting a local
Bearish correction
Sell!
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USDJPY LongAussie Inflation and BOJ Decision in focuse
Dollar getting strong because of FED Decision:,,No-rates cuts!,,
2 ways to trade this:
aggressive entry
and conservative entry:Risk to enter the 2nd approach(That price comes back to the 2nd entry is 37,25% but higher reward-risk ratio
Risk management based on your risk appetite
USDJPY: Short Trading Opportunity
USDJPY
- Classic bearish pattern
- Our team expects retracement
SUGGESTED TRADE:
Swing Trade
Sell USDJPY
Entry - 150.88
Stop - 151.54
Take - 149.68
Our Risk - 1%
Start protection of your profits from lower levels
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USDJPY is Testing 150 AgainLast week, USDJPY got rejected from the cup&handle's 150 resistance, then break the 149 support, fell sharply. The recovery is in process but the broken trendline is a major hinderance in front of USDJPY bulls. Now the trendline and 150 resistance converged and USDJPY is trying another attempt towards this key resistance. As long as it holds, there is a good chance another downward reaction to begin.
Hovewer, after testing it 5 times, if USDJPY regain control of 150, the short term outlook might turn bullish.
151.00 Cracks: Is USD/JPY’s Rally Over? Key Levels AheadFrom a fundamental perspective, the USD/JPY exchange rate retreated from around the 151.00 level. Despite the poor Japanese PMI data on Monday, investors bought the Japanese yen influenced by the hawkish outlook of the Bank of Japan (BoJ). The minutes of the January meeting showed that policymakers tend to tighten policies when appropriate. The BoJ governor also stated that the degree of monetary easing will be adjusted once the 2% inflation target is achieved.
Technically, the overnight breakout above the 150.00 psychological mark and the 200 - period Simple Moving Average (SMA) on the 4 - hour chart is a bullish signal. Indicators on the daily chart also support appreciation, and pullbacks may present buying opportunities. If the rate breaks below 150.00, it may accelerate its decline to support levels such as 149.30 - 149.25. Failure to hold these levels indicates that the rebound momentum has been exhausted and the trend may turn bearish. Conversely, if it stabilizes above 151.00, the upward resistance levels are successively 151.30, 151.75 (the 200 - day SMA), and it may even rise to 153.00.
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
Mid-Week Analysis March 27-28: USD FX Majors Stock Indices, ...In this video, we look back on the forecasts from this past weekend, and check how they are playing out to this point in the week.
USD Index, S&P500, Nasdaq ,Dow Jones, Gold, Silver, Platinum, Copper, EUR, GBP, AUD, NZD, CAD, CHF, JPY.
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USDJPY previous support now resistance retest at 151.21The USDJPY currency pair remains in a bearish trend, with the recent price action showing signs of an oversold bounce. While a temporary rebound is in play, the broader sentiment remains weak unless a decisive breakout occurs.
Key Levels to Watch:
Resistance Levels: 151.21 (critical level), 152.20, 153.04
Support Levels: 149.17, 148.26, 147.22
Bearish Scenario:
A rejection from the 151.21 resistance level could reaffirm the downside bias, leading to a continuation of the bearish move toward 149.17, with extended declines targeting 148.26 and 147.22 over the longer timeframe.
Bullish Scenario:
A breakout above 151.21 with a daily close above this level would challenge the bearish sentiment, opening the door for further gains toward 152.20, followed by 153.04.
Conclusion:
The market sentiment remains bearish, with 151.21 acting as a critical resistance zone. A rejection from this level could reinforce the downtrend, while a confirmed breakout would shift the outlook to bullish, favoring further upside. Traders should closely monitor price action at this key level for confirmation.
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USDJPY 18K PROFIT LIVE TRADE AND BREAK DOWNUSD/JPY rebounds toward 150.50 on risk recovery
USD/JPY is bouncing back toward 150.50 in Wednesday's Asian session. The pair reverses US President Trump's fresh tariff threats and hawkish BoJ commentary-led drop, tracking the rebound in risk sentiment and the US Dollar. All eyes stay on US tariffs, data and Fedspeak.
USD/JPY: Long Opportunity at Weekly Demand ZoneThe USD/JPY currency pair is currently pulling back into a significant weekly demand area, presenting a promising opportunity for traders looking to enter long positions. This area historically denotes strong buying interest, suggesting potential upward momentum.
In contrast, the 6J1! Yen futures market displays a bearish sentiment, with many retail traders positioning against this bullish signal in USD/JPY. This divergence in market sentiment could create unique trading opportunities for those who can effectively interpret technical indicators and retail positioning.
Yen Futures
To capitalize on this potential rebound, a pending order has been set on the CFD for USD/JPY, with a buy limit positioned just above the demand zone. Effective risk management, including a stop-loss just below the demand area, is essential as traders navigate this evolving landscape.
In summary, the combination of strong demand at critical levels and contrasting sentiment in the futures market presents a strategic trading scenario for bullish plays in USD/JPY.
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Yen Steady Near 150.7 as Dollar StrengthensThe Japanese yen hovered near 150.7 per dollar on Tuesday as the U.S. dollar strengthened. Concerns grew over Japan’s exports following Trump’s proposed tariffs on autos and pharmaceuticals. BOJ minutes showed officials remain open to future rate hikes, with one member suggesting a 1% rate by late FY2025. The central bank kept rates steady at 0.5% last week, citing global uncertainties.
Key resistance is at 151.70, with further levels at 152.70 and 154.00. Support stands at 147.00, followed by 145.80 and 143.00.
Market Analysis: USD/JPY Eyes Fresh SurgeMarket Analysis: USD/JPY Eyes Fresh Surge
USD/JPY is rising and might gain pace above the 151.00 resistance.
Important Takeaways for USD/JPY Analysis Today
- USD/JPY climbed higher above the 149.55 and 150.00 levels.
- There is a connecting bullish trend line forming with support at 150.30 on the hourly chart at FXOpen.
USD/JPY Technical Analysis
On the hourly chart of USD/JPY at FXOpen, the pair started a fresh upward move from the 148.20 zone. The US Dollar gained bullish momentum above 148.80 against the Japanese Yen.
It even cleared the 50-hour simple moving average and 149.55. The pair climbed above 150.00 and traded as high as 150.94. It is now consolidating gains and there was a move below the 23.6% Fib retracement level of the upward move from the 148.18 swing low to the 150.94 high.
The current price action above the 150.00 level is positive. Immediate resistance on the USD/JPY chart is near 150.95. The first major resistance is near 151.20. If there is a close above the 151.20 level and the RSI moves above 70, the pair could rise toward 152.50.
The next major resistance is near 153.20, above which the pair could test 155.00 in the coming days. On the downside, the first major support is 150.30 and a bullish trend line, below which the bears could gain strength.
The next major support is visible near the 149.55 level and the 50% Fib retracement level of the upward move from the 148.18 swing low to the 150.94 high.
If there is a close below 149.55, the pair could decline steadily. In the stated case, the pair might drop toward the 148.40 support zone. The next stop for the bears may perhaps be near the 147.50 region.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
USD/JPY Buy Setup – Inverted Head & Shoulders chart pattern📌 **USD/JPY Buy Setup – Inverted Head & Shoulders** 📌
🔹 **Pattern:** 📈 **Inverted Head & Shoulders** (Bullish Reversal Signal)
🔹 **Entry Point:** ✅ **150.500** (Neckline breakout confirmation recommended)
🔹 **Target:** 🎯 **153.800** (Measured move projection from pattern breakout)
🔹 **Stop Loss:** 🔍 Ideally **below 149.800** (Neckline retest zone or recent swing low)
### 📊 **Analysis & Risk Management:**
✅ **Confluence Factors:**
- **Bullish Chart Pattern:** Inverted H&S suggests trend reversal.
- **DXY Strength:** If USD remains strong, it supports this setup.
- **Yield Differentials:** Watch US-Japan bond yields, as rising US yields boost USD/JPY.
✅ **Risk-Reward Ratio:** ~ **1:5**, making it a high-probability trade.
✅ **Trade Management:**
- If price retests **150.500** after breakout, it could be a strong entry confirmation.
- Secure profits gradually (e.g., **TP1: 152.000**, **TP2: 153.000**, **TP3: 153.800**).
- Use **trailing stop-loss** to lock in gains as price moves higher.
🚨 **Market Caution:**
📅 **Fundamental Watch:** Monitor key news such as:
- **BoJ Policy Decisions** (Any intervention risk if JPY weakens too much)
- **US Economic Data** (CPI, NFP, Fed Statements)
- **Global Risk Sentiment** (If risk-off, JPY may strengthen unexpectedly)
🔥 **Final Tip:** Confirm entry with bullish candle patterns & volume spike on breakout for added confidence.
Happy Trading! 🚀📈💰