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Usdjpyanalysis

USDJPY: 800+ Pips Buying Opportunity! Swing Trading Dear Traders, Hope you are doing great, price of USDJPY remain tricky. Previously, we had anticipated that price will drop heavily, however, due to weak Japanese yen price remain bullish as it was before. We still currently in a correction zone, where we can expect price to drop slightly lower to our area of entry and then we can see a strong buyers liquidity kicking in the market. *If you like the idea then please like, comment and follow us which will encourage us to bring you more educational ideas like this** Team Setupsfx_
Long
by Setupsfx_
14
USD/JPY Overheated: Indicators Signal Potential ReversalThe USD/JPY pair is showing signs of a potential reversal as price action appears to be overheating. This is most evident in the Relative Strength Index (RSI) and Stochastic indicators, both of which are in overbought conditions and exhibiting divergence. These technical signals suggest that the current upward momentum may be running out of steam. Japanese authorities are closely monitoring the situation and are poised for intervention if necessary. However, they are likely to wait and see if upcoming US economic data releases on Thursday and Friday will naturally ease the pressure without requiring direct action. This cautious approach allows them to avoid unnecessary intervention unless it becomes absolutely necessary. In the meantime, we are looking to anticipate this potential reversal by considering a short position. The combination of overbought technical indicators and the likelihood of Japanese intervention, alongside the potential influence of forthcoming US data, creates a favorable scenario for a bearish trade setup. By positioning ourselves ahead of these developments, we aim to capitalize on a possible downturn in the USD/JPY pair.
Short
by FOREXN1
2
USDJPY ( CONTINUES TO CREATE NEW HISTORICAL PRICE )USDJPY HELLO TRADERS as mentioned , yesterday the price breaking turning level create historical peaks , today the price continues to the bullish direction . Tendency the price is a bullish pressure in 159,785 TURNING LEVEL : the price turning level at 159,785, price stable below this level it becomes reach a support level , but if breaking this level by open 4H candle active bullish area , to create a new historical peaks RESISTANCE LEVEL: until the price trade above turning level at 159,785 , the price will rise to 161.183 , then the price breaking this level reach to 162.301 SUPPORT LEVEL : the price trade below turning level 159,785, it will reach the support level of 158.347 and 157.626, stable this level reach to 156.806 CORRECTIVE LEVEL : price will 159,785, correct itself before falling ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
Long
by ArinaKarayi
USD-JPYThe chart for USD/JPY on a daily timeframe shows a strong bullish trend, supported by an upward trendline, with the current price at approximately 160.016 JPY. A significant "Strong Resistance Level" is identified around 160.209 JPY, where the price has previously encountered selling pressure. The chart suggests a potential breakout above this resistance level. The projected price movement, indicated by a yellow arrow, shows that after facing some initial resistance, the price might briefly pull back to the trendline before continuing its upward trajectory. This suggests a bullish outlook if the price successfully breaks above 160.209 JPY. Historical support is marked around 151.953 JPY, which has previously provided a solid foundation for upward movements. The trendline highlighted in red signifies consistent support, with the price bouncing off it multiple times, indicating its reliability. In summary, the chart indicates a bullish outlook for USD/JPY, supported by the upward trendline and strong support around 151.953 JPY. The key resistance level to watch is 160.209 JPY. A successful breakout above this level could lead to further bullish momentum. Traders should monitor the trendline support to confirm the continuation of the upward trend and ensure the trendline holds to validate the bullish scenario.
Long
by Dhareja
1
USDJPY CONTINUES A DOWNWARD USDJPY HELLO TRADERS TODAY , the price stable below turning level is refers a active bearish zone , maybe corrective to swing line before decline Tendency the price is a bearish pressure in 159,646 TURNING LEVEL : the price turning level at 159,646 , price stable below this level it becomes reach a support level , but if breaking this level by open 4H candle active bullish area , to create a new historical peaks RESISTANCE LEVEL: if the price braking turning level at 159,646, the price will rise to 160,216 , then the price breaking this level reach to new historical peaks 161.183 SUPPORT LEVEL : the price trade below turning level 159,888, it will reach the support level of 158.347 and 157.626, stable this level reach to 156.806 CORRECTIVE LEVEL : price will 159,646 , correct itself before falling ------------------------------ * Thank you , if you support this idea with your likes and comments , I hope you a profitable day🤍🤍🤍🤍🤍
Short
by ArinaKarayi
USDJPY Sell | Trade SetupUSDJPY is moving in an ascending channel between the trend lines. The price has reached the resistance level, which has already acted as a reversal point. We expect a decline. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
1
USDJPY Technical Analysis and Trade IdeaAnalyzing the USDJPY on the daily chart reveals a clear bullish trend. The pair is currently testing a significant resistance level. Although I'm considering a long position, I won't enter at this point. Instead, I’m looking for a pullback. On the 30-minute chart, there’s a noticeable bullish imbalance and an order block just below the current price. My ideal entry would be a retracement to the 50-61.8% Fibonacci level, which aligns with these areas. In the accompanying video, we delve into the trend, market structure, price action, and other crucial technical analysis elements. Remember, this video is purely educational and not financial advice.
Long
by fxtraderanthony
2
Retail Traders Poised for Yen Rebound - Consider Shorting USDJPYI am writing to bring to your immediate attention a critical development in the forex market that could present a significant trading opportunity. As many of you are aware, the recent slide in the Japanese yen has been a point of concern. This depreciation has heightened the probability of Japan intervening in the market once more to stabilize its currency. Historical patterns suggest that such interventions can lead to rapid and substantial movements in the yen's value. Currently, it appears that retail traders are reloading their bets in anticipation of a rebound in the yen. This collective action underscores a growing sentiment that the yen is poised for a recovery, potentially driven by governmental measures to curb its decline. Given these circumstances, it may be prudent to consider positioning yourselves for this anticipated rebound. Specifically, shorting the USD/JPY could be a strategic move. By doing so, you could potentially capitalize on the yen's resurgence if Japan steps in to support its currency. I urge you to review your portfolios and assess the potential benefits of shorting USD/JPY in light of the current market dynamics. As always, ensure that any trading decisions are made with careful consideration and risk management. Stay vigilant and informed. The forex market is highly dynamic, and timely actions can make a significant difference.
Short
by bryandowningqln
USDJPY ( NEW HISTORICAL PEAK ) ( 1D )USDJPY HELLO TRADERS for this week , the price attempt to create a new historical peaks ENTRY POINT : the price is under bullish trend at 158.253 , the last week the price stable in buy zone , for this week it continues trade in buy zone and will attempt to create a new historical peaks , if breaking the entry point for any reason by open candle 1D below 158.253 active sell zone ACTIVE BUY ZONE : for this week , if the price stable at 158.253 active buy zone , the price will attempt to reach resistance point 160.196 and 161.816 , it will be the creations of new historical peaks ACTIVE SELL ZONE : if the price breaking entry point at 158.253 for any reason active sell zone , the price by open candle 1D below entry point reach a155.592 and 154.273 , stable this level reach 151.727 -------------------------------------------------------------------------- * Thank you , if you support this idea with your likes and comments , I hope you a profitable week 🤍
Long
by ArinaKarayi
USDJPY keeps breaking recordsThe USD/JPY pair traded near a seven-week high above 158.00 during today's European session. The rally appears to have paused amid uncertainty over the Federal Reserve's (Fed) interest rate path and the release of Japan's national Consumer Price Index (CPI) data for May , will be announced on Friday. Market expectations for the Fed to start cutting interest rates from its September meeting intensified after US Retail Sales data for May missed estimates. Monthly retail sales increased 0.1%, slower than expectations of 0.2%. The Retail Sales report also showed households cutting back on discretionary spending, suggesting weak purchasing power due to high inflationary interest rates. At the Tokyo front, the Japanese Yen weakened despite the minutes of the Bank of Japan's (BoJ) June meeting showing that Governor Kazuo Ueda advocated raising interest rates earlier than expected. BoJ Ueda advocates further policy tightening due to rising inflation risks due to the weak Yen. Japan's exports have become competitive in global markets and import costs have increased, which could push price pressure higher. This week, the main factor affecting the Japanese Yen will be the national CPI data. Annual national CPI excluding Fresh Food is expected to increase to 2.6% from 2.2% previously. The pair will likely continue to increase by more than half with the expectation of the upper border at 159,600-160,200. At this point, it is necessary to have adjustment policies of the Japanese economy as the currency and economy become increasingly weaker.
by TVS-Trader
USD/JPY continues to struggle ~158Over the past three days we have seen two false breaks above 158, both resulting with a daily shooting star reversal. The upper wicks also serve as a double top above 158, and with US economic data slowly souring, the case for a top on USD/JPY is building. Prices have found support around the May high, and another crack at 158 would not come as a surprise. Yet given that the daily RSI (2) is overbought and has formed a bearish divergence on the 4-hour chart, and the highest volume of yesterday coincided with a large bearish bar, the bias remains to fade into rallies around 158 or Friday's high in anticipation of its next leg lower. 157.30, 157 and 156.60 are the next downside targets for bears to consider.
Short
by CityIndex
USD/JPY: Keeping an eye on false breaksOn Friday we saw USD/JPY failed to hold onto intraday gains above 158 following the BOJ meeting, and close the day back beneath the prior 'MOF intervention' level to form a shooting star candle. Prices drifted higher on Monday on relatively low volume, putting us once again on guard for either a false break of 158 or Friday's high. We're seeing a simple countertrend move back down to the high-volume node around 157.30 or even 157, should US data surprise enough to the downside later today.
Short
by CityIndex
USDJPY SELL | Idea Trading AnalysisUSDJPY is moving in an ascending channel, move to the resistance level and We expect a decline in the channel after testing the current level. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Short
by TheGrove
3
USDJPY - Expect retracement !!Hello traders! ‼️ This is my perspective on USDJPY. Technical analysis: Here we are in a bullish market structure from 4H timeframe perspective, so I look only for long position. For now I expect price to make a retracement to fill that huge imbalance lower and then to reject from bullish order block Fundamental news: Tomorrow (GMT+3) we have important news in USA, we will see results of CPI and Interest Rate. As well on Friday we will have news regarding Interest Rate in Japan. Pay attention to the result in order to validate the analysis. Like, comment and subscribe to be in touch with my content!
Long
by Snick3rSD
2
Short Idea on USDJPYUSDJPY made an attempt to breakout from symmetrical triangle pattern on 12/6/2024 before US CPI Data released. After US CPI Data released on 12/6/2024, the USDJPY dropped tremendously from 157.37 to 155.75 level. Today 13/6/2024, USDJPY climbed to sensitive rejection level 157.35 again. On 4-Hours Timeframe Chart, you can see a potential Head & Shoulder Formation. The USDJPY Price is currently forming a possible right shoulder, which potential peak will be at between 157.30 to 157.40 area. If a Solid Bear candlestick formed break the support of 156.90 Level, you will see a waterfall happening to 154.90 level. My Entry Price: 157.26 Profit Target: 154.90 Stop Loss: 158.15 Risk : Reward: 1 : 2.61
Short
by PeterGHL