USDJPY Short from ResistanceHello Traders
In This Chart USDJPY HOURLY Forex Forecast By FOREX PLANET
today USDJPY analysis 👆
🟢This Chart includes_ (USDJPY market update)
🟢What is The Next Opportunity on USDJPY Market
🟢how to Enter to the Valid Entry With Assurance Profit
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USDJPY
USD/JPY Bullish Outlook – Targeting Key Resistance at 150.155USD/JPY Technical Analysis – Bullish Outlook Toward Resistance
Chart Insights:
The price is currently in a recovery phase after a significant drop.
A Fair Value Gap (FVG) zone has been identified, suggesting a potential pullback before further movement.
The target point aligns with the resistance level around 150.155, which acts as a key supply zone.
Potential Scenario:
Price may retrace into the FVG zone around 148.704 – 148.956.
A bullish rebound from this level could drive price toward the resistance at 150.155.
If price reaches the resistance level, further rejection or continuation will depend on market conditions.
Key Levels:
Support Zone: 148.167 – 148.315
FVG Area: 148.704 – 148.956
Resistance Zone: 150.007 – 150.155 (Target area)
Conclusion:
The current structure suggests a bullish bias if price respects the FVG zone for a push higher. However, a break below the FVG could signal further downside movement.
Bearish reversal off pullback resistance?USD/JPY is rising towards the resistance level that is a pullback resistance and could reverse from this level to our take profit.
Entry: 149.68
Why we like it:
There is a pullback resistance level which is a pullback resistance.
Stop loss: 150.16
Why we like it:
There is a pullback resistance level that line sup wit the 138.2% Fibonacci extension.
Take profit: 148.96
Why we like it:
There is a pullback support level.
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Deep dive into EUR/USD analysis along with GBP & JPYIn this video I go into what I'm currently looking at on the EUR/USD, GBP/USD and USD/JPY.
Leaning towards the bearish side for EUR/USD, I want to see us take out 1.0800 before I have more conviction. I will continue to cautiously hold short positions for a possible run down towards 1.0600 area or the yearly pivot zone.
Hope you enjoy this analysis.
Good Luck and Trade Safe.
Weekly FOREX Forecast Mar 24-28: Buy CAD, CHF, JPY vs USD!This is an outlook for the week of March 24 - 28th.
In this video, we will analyze the following FX markets:
USD Index
EUR
GBP
AUD
NZD
The USD Index is entering a Daily +FVG, which is nested in a Weekly +FVG. This is a bearish indication for the USD, which is a potential bullish situation for EURUSD, GBPUSD, AUDUSD and NZDUSD. This will be potentially bearish for the USDCAD, USDCHF, and USDJPY. Wait for the market structure shift going in the direction of your TP, and enter on the pullback.
Enjoy!
May profits be upon you.
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USD-JPY Move Down Ahead! Sell!
Hello,Traders!
USD-JPY is trading in a
Downtrend below the falling
Resistance line and the pair
Will soon hit the resistance
From where we will be
Expecting a further move down
Sell!
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GBPUSD Sell Position 24-28 March 2025Hello everyone, dzhvush here!
I am looking for selling position on GBPUSD chart. All week I am going to look to opportunities for selling. We have news also. Be careful, pay attention and trade.
If you agree with me, drop a comment !
GBPUSD - Opportunities for Selling
USDJPY - Buying opportunities can be sought
Best Regards
dzhvush
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.500 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.500 support and resistance area.
Trade safe, Joe.
USDJPY: Critical moment for the 2 month Channel Down.USDJPY is neutral on its 1D technical outlook (RSI = 46.506, MACD = -0.960, ADX = 25.882) as it is on the tightest range possible between the 4H MA50 and 4H MA200. This consolidation is taking place at the top of the 2 month Channel Down. As long as it holds, the trade is short, aiming for a -3.20% bearish wave (TP = 145.500). If the price crosses above the 4H MA200 though, go long, aiming for the R1 level (TP = 154.835).
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Yen Slips to 149 as Inflation EasesThe yen fell to around 149 per dollar on Friday, ending a two-day rally, after Japan’s core inflation eased to 3% in February from 3.2% in January, still above expectations of 2.9%. This marked the second month of stronger inflation, reinforcing the case for future rate hikes.
Earlier, the BoJ held rates at 0.5% and maintained a cautious stance, citing global uncertainties, particularly rising U.S. tariffs. The bank also reiterated its focus on monitoring currency moves. A stronger U.S. dollar further pressured the yen amid global growth and trade concerns.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
USDJPY Will Go Lower! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 149.408.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 147.585 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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USDJPY: Volatility and Key LevelsThe recent trend of the USD/JPY has been highly volatile. On the economic data front, the rise in Japan's unemployment rate and the decline in corporate capital expenditure have triggered selling pressure on the Japanese yen. However, factors such as corporate wage growth provide grounds for the Bank of Japan to consider raising interest rates.
From a technical perspective, key support levels are situated around 147.7 and 146.5, whilst the resistance levels are now between 150 and 151. Amid the ongoing battle between bulls and bears, the pair is likely to continue trading within the range of 147.00-149.00. That said, given the current upward momentum, a technical pullback followed by further gains in the short term cannot be ruled out.
USDJPY
buy@148.000-149.000
tp:150.000-151.000
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USDJPY SELL SETUP!!From a technical perspective, examining the USD/JPY chart, we might notice that prices are forming a lower high, which often indicates a potential downtrend. The price respecting Fibonacci retracement levels can also suggest that the market is reacting to key support and resistance levels. When traders see the price approaching these levels and behaving predictably, it can bolster their confidence in the direction of their trades.
Overall, the expectation is for a continuing strength in the yen, especially if the market sentiment remains focused on potential rate hikes from the Fed. This scenario might lead to more bearish moves for the USD/JPY pair, making it important to watch for any significant economic data releases or comments from central bank officials that could signal changes in monetary policy.
Bullish rise?USD/JPY has reacted off the pivot and could rise to the 1st resistance.
Pivot: 148.96
1st Support: 148.34
1st Resistance: 149.97
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Short Opened 4 short positions (1 trading side divided into 4 small sizes):
148.622 has been the major support area USDJPY was struggling to break below since last December, however, it finally broke and closed below that level on March 4th 25 (red vertical line in 4H chart).
Since then, USDJPY has been oscillating between 150.24 and 146.55, but this morning it decisively broke and closed below the key level.
Price is below EMA 200 in Daily and 4H.
Daily MACD is in bear territory and Daily stochastic has reached over bought territory and starting to come down.
All momentum indicators in 4H are forming negative divergence.
Entry price - 148.556
S/L - 149.39 (just above the previous week high)
Target 1: 147.30 (previous low in 4H)
Target 2: 146.55 (previous low in 4H)
Target 3- 145
Target 4: 142.26 (Fib 1.618 in Daily)
If Target 1 and 2 are hit successfully, I will adjust SL I will update the progress.
USD_JPY WILL KEEP FALLING|SHORT|
✅USD_JPY is trading along the falling resistance
And as the pair will hit it soon
I am expecting the price to go down
To retest the demand levels below at 147.500
SHORT🔥
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