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Usdjpyshort

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 | Perspective for the new week | Follow-upAfter an 8-week break from USD/JPY, I’m excited to bring it back to our watchlist as we prepare for next week’s trading! Over the past 9 months, this pair has experienced major shifts—from early-year expectations of Japan's monetary policy changes to the dollar's surge mid-year and the USD/JPY oscillating around the 150 zone in October. Key drivers include Japan's inflation data, with the latest CPI rising 2.5% YoY in September. As market rumours of another intervention grow, what opportunities lie ahead? Let's explore the key levels, trends, and setups for the coming week. USDJPY Technical Analysis: As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 150.000. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the key level of 150.000, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead. #JapanInflation #USDJPY #Yen #BoJ #FederalReserve #Forex #CurrencyTrading #EconomicAnalysis #MarketAnalysis #Investing #Finance
by darcsherry
USD/JPY Technical Analysis: (READ DESCRIPTION)USD/JPY Technical Analysis: Bullish Momentum Expected Pivot Point: 150.45 The pivot point at 150.45 serves as a key level of support for USD/JPY. As long as the price holds above this level, bullish momentum is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above the 150.45 pivot point. This sets up the potential for upward movement toward resistance levels. Target Levels for Upside Movement: First Target: 151.10 This is the immediate resistance level where traders may take profits or evaluate a continuation of the bullish momentum. Second Target: 151.60 If the first target is surpassed, the pair could extend its gains toward the 151.60 level, signaling further bullish movement. Alternative Scenario: Downside Risks If the price falls below 150.45: Bearish Outlook: First Target: 150.10 Second Target: 149.70 These levels represent potential support zones in case of a bearish reversal. Technical Insights: RSI Indicator: The RSI is mixed but leans bullish, suggesting the potential for further upside if momentum builds. Traders should keep an eye on this indicator for confirmation of a stronger move.
by CharivapaAlgo
USDJPY → Trade Analysis | SELL SetupYou can expect a reaction in the direction of selling from the specified resistance zone USDJPY moving higher as it tests the strong resistance level.. We expect a bearish move from the confluence zone. 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
USD/JPY October Market Analysis: Bearish Structure and Key Sell USD/JPY October Market Analysis and Trading Setup In the month of October, we are observing an open high-low-close structure on the USD/JPY, which strongly suggests the development of a potential sell setup. At this point, we are awaiting further confirmation through a TDI (Traders Dynamic Index) cross, which will signal the appropriate entry points for sell positions. Key Observations: 1. Bearish Divergence: Since August 16, 2024, there has been a clear bearish divergence, extending from that date to the current market high. 2. Daily Timeframe Structure: The open-high structure on the daily chart for October further strengthens the bearish outlook. 3. Overbought Conditions: The market appears significantly overbought, following a bullish breakout that began on October 1, 2024. 4. TDI Cross as Confirmation: A bearish cross in the TDI indicator will serve as confirmation of the presence of sellers, providing an essential signal for initiating sell positions. Targeted Take Profit Levels: - Take Profit 1: 147.500 - Take Profit 2: 146.500 - Take Profit 3: 145.500 - Take Profit 4: 144.500 Trading Advice: It is crucial to wait for valid signals, such as the TDI cross, to confirm entries before taking action. Always trade with caution, and ensure risk management strategies are in place to protect your capital. If you found this analysis helpful, please like, comment, and follow for more updates. I will gladly follow back. Wishing you success in your trades!
Short
by ezeepips
2
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 143.77, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 142.13 2nd Support – 141.26 Stop-Loss: To manage risk, place a stop-loss order above 144.60. This helps limit potential losses if the price unexpectedly reverses and breaks back upwards. Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
11
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
USDJPY Short - A Bearish Setup in the Making?As we dive into the USDJPY chart, I'm seeing several key technical signals that suggest a potential move to the downside. Let’s break it down step by step: Weekly Timeframe: A Crucial Swing High First, we zoom out to the weekly chart, where we can observe that USDJPY is currently within a strong swing that recently broke a prior high. This is a crucial moment, as we often see a retest of the upper range of such a swing before the market decides its next move. Will it push higher, or are we preparing for a pullback? I’m leaning towards the latter. Daily Timeframe: Triple Failures at the High Dropping down to the daily, the story unfolds further. We’ve seen two previous attempts to break the current daily swing high, only for the market to flush down on this third attempt. This is my first major bearish signal, as failure to maintain momentum often precedes a reversal. 4-Hour Timeframe: No Support in the Pump On the 4-hour chart, things get even more interesting. I’m not seeing the kind of ladder formation that typically supports sustained pushes to the upside. Instead, the price action looks choppy, lacking the structure that would indicate buyers are in full control. This adds weight to the bearish case. Weak Stop-Loss Hunt: A Lackluster Liquidity Grab One more point to consider is the recent liquidity grab (or stop-loss hunt) on the 4-hour chart. While these wicks usually indicate a shakeout of weak hands, this one feels weak, more like a failed attempt to trap traders in the wrong direction. In my experience, when the liquidity grab doesn’t pack a punch, it often signals the market's lack of commitment to push higher. Timing is Key: The Tuesday Top Pattern Lastly, an interesting observation – USDJPY has a tendency to form local tops on Tuesdays, a pattern I’ve noticed over time. While this isn't a concrete rule, it’s an intriguing confirmation of the broader bearish setup we’re seeing here. Fundamental Analysis: Why the USDJPY Could Dump Fundamentally, USDJPY could be under pressure due to the divergence in monetary policy between the US and Japan. The Bank of Japan (BoJ) remains ultra-dovish, but there are growing signs of internal pressure to shift toward more normalization in policy, particularly with inflation running higher than expected. Meanwhile, the Federal Reserve has signaled that it may pause or slow its rate hikes as US economic growth moderates. This narrowing of the policy gap could weaken the dollar against the yen, especially if we start seeing signs of a BoJ shift or weaker-than-expected US data in upcoming releases. Furthermore, concerns over global growth and risk sentiment could lead to a stronger yen as a safe-haven asset. If the stock market falters, capital tends to flow back into the yen, exacerbating the potential for a USDJPY decline. Conclusion: Eyeing the Lower Range All things considered, USDJPY looks poised for a move lower. A retest of the lower range of the current daily swing seems likely before any potential attempt to push back to the upside. Understanding swing highs and lows and their respective ranges is a key tool in this analysis. Let’s see how the price action plays out in the coming sessions.
Short
by Psytropy