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Usdjpysell

USDJPY: Anticipating a Bearish Move After Key Resistance TestUSDJPY is shaping up for a potential short setup, but patience is key as we wait for price to hit a critical resistance zone. Let’s break it down: The Setup Price is currently on a bullish push, targeting the highlighted zone at 154.332. This resistance level is a key area where sellers could regain control. Once price enters this zone, I’ll be watching closely for signs of exhaustion or reversal to enter short. The Plan 1️⃣ Entry Zone: I’m looking to go short from the 154.332 area, anticipating that the bullish momentum will lose steam here. 2️⃣ Stop Loss: My stop loss is placed at 155.397, safely above the resistance to protect against invalidation. 3️⃣ Take Profit: My primary target is the 152.242 support level, offering a solid risk-to-reward ratio. Why This Makes Sense This setup combines structure and momentum. The resistance at 154.332 aligns with previous price reactions, making it a strong area to expect sellers to step in. By positioning in this zone, I’m aiming to catch the reversal early without waiting for traditional confirmation. Mindset Tip: "It’s not about chasing trades; it’s about letting the market come to you. Know your levels, define your risk, and trust your process."
Short
by CurlyTrader_xo
USD/ JPY ! 11/14 ! JPY value will increaseUSDJPY trend forecast November 14, 2024 The Japanese Yen (JPY) remains under selling pressure during the Asian session on Thursday, helping USD/JPY reach the 156.00 level for the first time since July 23, supported by a strong US Dollar (USD). Market sentiment suggests Japan’s political climate may hinder the Bank of Japan (BoJ) from further tightening its policy, which weakens the JPY. Additionally, worries about potential trade tariffs from US President-elect Donald Trump add further pressure on the Yen. The dollar is benefiting from the new president trump FOMO, but it is cooling down soon. The Japanese yen also has new moves with the new prime minister, helping the value of the Japanese yen increase further. /// SELL USD/JPY : zone 156.100 - 156.400 SL: 156.700 TP: 40 - 100 - 200 pips (154.400) Safe and profitable trading
Short
by Moon-ForexAcademy
5
USDJPY: Ready for another 1500 pip move? Presidential election in the US, which was one of the most important political events this year, moved the stock market to significant highs, historically speaking. The new rally could weaken the dollar. On the Japanese side of things, the new bullish move might be starting soon. Now that we got the retracement back to our weekly area of interest, its time to start looking for short entries. Our area of interest consists of Fibonacci and VWAP levels. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Short
by martinmei
USDJPY Is a Major Sell-Off Coming? Key Levels to Watch!USDJPY has been on a tear these past few weeks, charging toward some key higher timeframe resistance areas. Checking out the Monthly chart, I’m spotting what looks like a major trend reversal pattern. In July, USDJPY hit 162, and the resulting sell-off did two big things: it broke the long-term trendline and took out the last swing low from the previous leg up. (see chart below) Also, on the Monthly chart, you’ll notice that when price broke up through the 152 resistance to reach 162, there was a notable lack of momentum compared to earlier moves in this trend. We’re also seeing clear bearish divergence on the MACD—all signs of a major topping pattern and a likely trend reversal. Zooming into the weekly chart, and drawing fib retracement levels from the July drop, we’re right at the 0.618 level, aligning with the outside of the previous trendline. On the daily chart, we’ve reached what I consider a key SELL zone between 154-155. This level saw a 1500-pip drop in just days at the start of August. With three key confluences now in play and the Monthly chart showing a strong trend reversal pattern with MACD divergence, we could say “the stars are aligning” for this one. My approach? I’ll wait for the price to break above 154 and head toward 155, then turn on my TRFX indicator to look for 4-hour sell signals. Even if the market pushes higher, I’ll be on the lookout for more selling opportunities, especially if we move closer to 160. With all these factors lining up and the Bank of Japan’s interest rate decision this week, we could see a significant USDJPY sell-off. But I’ll WAIT for the SELL SIGNAL to confirm. If this major reversal takes shape, the price could drop quickly to this year’s low at 139.500, with possible profit-taking here and buyer re-entry, before pushing lower in the long term towards 127 or beyond. Note: This is a long-term, higher timeframe perspective and not a short-term trade. Let me know your thoughts below!
Short
by TheFxAce
5
USD/ JPY ! 10/ 28 ! SELL resistance ! GAP USD/ JPY trend forecast October 28, 2024 The Japanese Yen (JPY) recovers about 50 pips from a three-month low against the USD, though gains are limited amid uncertainty over the Bank of Japan's rate hike plans and the ruling coalition’s recent loss of its parliamentary majority. Additionally, a positive risk sentiment continues to weigh on the safe-haven JPY. At the beginning of the week, the price created a GAP to increase - need to adjust to fill the GAP. There is a slight resistance zone - in the context of not much important news today. /// SELL USDJPY : zone 153.250 - 153.550 SL: 153.850 TP: 60 - 100 - 250 pips (151.050) Safe and profitable trading
Short
by Moon-ForexAcademy
2
10/25 ! USD JPY ! touch trend set up SELL USD/ JPY trend forecast October 25, 2024 The Japanese Yen (JPY) failed to build on Thursday’s recovery and faced renewed selling pressure during Friday's Asian session. Japan's business activity data for October showed a contraction in both manufacturing and services sectors. Additionally, a drop in Tokyo’s core inflation below the Bank of Japan’s (BoJ) 2% target lowered expectations for further rate hikes in 2024, weighing on the JPY. A positive market sentiment and US Dollar (USD) buying also supported the USD/JPY pair around the mid-151.00s. However, verbal intervention by Japanese authorities helped limit further JPY losses. Traders now await US economic data for short-term direction amid political uncertainty before Japan’s general election on Sunday. H1 frame shows the price zone is adjusting - touching the trendline, continuing to adjust down /// SELL USDJPY : zone 151.850 - 152.050 SL: 152.500 TP: 50 - 100 - 250 pips (149.550) Safe and profitable trading
Short
by Moon-ForexAcademy
2
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 This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
USD/JPY Short Setup: 30-Minute ChartI'm looking at a potential short position on USD/JPY based on the current price action and market structure. Entry on Retracement: 143.750 after the recent breakdown of the ascending trendline. Stop Loss (SL): 144.000 (25 pips). Take Profit (TP): I'm targeting multiple TPs along the way for scaling out of the position: TP 1: 143.500 (+18.9 pips) – A conservative first target to lock in some early profits. TP 2: 143.200 (+48.9 pips) – Close to the previous support, scaling out of a portion of the trade. TP 3: 142.800 (+88.9 pips) – A key support level based on historical price action. TP 4: 142.300 (+138.9 pips) – Next significant support zone. TP 5: 141.800 (+188.9 pips) – Final target at a major psychological level. The idea here is to capture the downward move following a potential retracement into resistance near 143.750, which aligns with previous structure. The overall bearish sentiment could drive prices lower toward the major target areas.
Short
by PipShiesty
1
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Short
by Atom_Indicator
2
USDJPY Technical Analysis and Trade Idea 👀👉 The USDJPY pair has been experiencing downward pressure recently. While there may be a potential selling opportunity, it would be prudent to wait for the FOMC meeting and Federal Reserve rate cut announcement later today before making any trading decisions. If the data release outcome suggests a weakening US dollar, it could present a favorable opportunity to sell the USD/JPY pair. Conversely, if the data supports USD strength, it might be wise to abandon the trade idea altogether, as taking a counter-trend position could be risky. Disclaimer: This analysis is based on current market conditions and available information. Forex trading carries significant risk, and market conditions can change rapidly. Always conduct your own research, consider your risk tolerance, and consult with a licensed financial advisor before making any trading decisions. Past performance does not guarantee future results. 📉✅
by fxtraderanthony
USDJPY - no sign of turning around at the moment💵USDJPY ANALYSIS 💸 - The Yen is still recovering very strongly since the USD/JPY pair fell to its lowest level in nearly 40 years at 141.95. - The recovery is mainly supported by many interventions of the Japanese Government. Especially the support from the narrowing of the interest rate gap between Japan and the United States. - The market is expecting the Fed to cut interest rates on Wednesday, while the BOJ will likely keep the current interest rate unchanged. 📌 TECHNICAL - On the daily candlestick chart of USDJPY (D1), the downtrend from the price channel (a) continues and the pressure from Ema21 acts as the main resistance. - USD/JPY has shown little reaction to the 0.382% Fibonacci extension level for now, which could be considered as the nearest technical support. - Once USD/JPY is sold below 139.420, it will have a more bearish outlook towards 137.046 in the short term, which is the price point of the 0.50% Fibonacci extension level. - As long as USD/JPY remains within the price channel (a) and below the 21-day EMA, the bearish bias will remain dominant, and the notable technical points for the bearish trend are listed below. ✔️ Support: 139.420 – 137.046 ✔️ Resistance: 141.531 – 142.380
Short
by TheLeader_WOLF