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USDJPY IN LONG AT 149.50 📢 USD/JPY Bulls Take Charge! 🚀 USD/JPY has entered a strong bullish zone at 149.50, signaling potential upward momentum. Traders should watch for key targets: 🎯 First target: 154.50 🎯 Second target: 156.00 However, keep an eye on resistance and support levels: 🔴 Resistance Zone: 152.00 – A break above this could fuel further gains! 🟢 Support Zone: 149.00 – Holding above this level strengthens the bullish outlook. A strong breakout above 152.00 could confirm the bullish trend, while any dips toward 149.00 may provide buying opportunities. Stay sharp and trade wisely! 📊🔥
Long
by KellyProfessional
GBP/USD at Key Resistance: Potential Reversal or Continuation?The GBP/USD 15-minute chart indicates a strong uptrend, with price action forming a **Crab harmonic pattern**, suggesting a potential overextension. The pair has reached a key resistance zone at **1.26323**, aligning with significant Fibonacci levels, with the **Harmonic Optimal Point (HOP) at 1.26469** acting as a potential reversal area. If a pullback occurs, the first downside targets are 1.26127 and 1.25993 , while the ** 200 EMA ** below may provide further support. A sustained break above 1.26469 could signal continued bullish momentum. Traders should monitor price action for confirmation before positioning accordingly.
Short
by BeaucoupPips
1
GBP/JPY 1-Hour Chart Analysis: Bearish Rejection at 200 EMA! 📊 GBP/JPY 1-Hour Chart Analysis 📉 1️⃣ Trend & Key Levels: 📌 Price is testing the 200 EMA (190.674), acting as resistance. 🔻 Recent price action shows a rejection at this level, suggesting bearish pressure. 2️⃣ Trade Setup (Possible Short Position) 💰: Entry: Around 190.354 - 190.674 📍 Stop-Loss: Above 190.972 🚫 Take-Profit Target: Around 188.685 ✅ 3️⃣ RSI Indicator (Momentum Check) 📉: 📊 RSI at 52.47 → Neutral, slightly bullish. 🔥 55.93 level shows price was overbought recently but is cooling down. ✅ Conclusion: 🔴 If price stays below 190.674, expect a drop toward 188.685. 🟢 If price breaks above 190.972, bullish momentum could continue.
Short
by MrStellanSight
USDJPY below psychologically important 150.00 levelThe USDJPY fell below the psychologically important 150.00 level. Markets are pricing in a roughly 84% chance of a 25bps hike at the BoJ July meeting, up from a 70% chance at the start of the month. The USDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 150.80, which is the current swing high. An oversold rally from the current levels and a bearish rejection from the 150.80 level could target the downside support at 149.20 followed by 147.90 and 147.20 levels over the longer timeframe. Alternatively, a confirmed breakout above 150.80 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 152.30 resistance level followed by 154.40. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
EUR/USD – Bullish Outlook for Next Week🔹 Higher Timeframe Structure: The daily timeframe structure remains bullish, with clear signs of institutional order flow supporting further upside. Last week's price action confirmed a shift in momentum, respecting key bullish levels. 🔹 Key Technical Levels: ✅ Daily FVG (Fair Value Gap) Support: Acting as a strong demand zone, buyers are expected to step in from this area. ✅ Next Bullish Target: 1.06600 – This level aligns with previous liquidity pools and imbalance fill zones. ✅ Market Structure: Higher highs (HH) & higher lows (HL) indicate continued bullish pressure. 🔹 Institutional Confluence: 🔸 Liquidity has been built below recent lows, creating a potential liquidity grab before a strong bullish expansion. 🔸 SMC Concepts: Price is trading within an unmitigated Order Block (OB), adding confirmation for a bullish reaction. 🔸 Volume Profile: Increasing institutional volume suggests accumulation in the current zone. 📌 Plan for Next Week: As long as price holds within the Daily FVG, we anticipate bullish continuation towards 1.06600. If we get confirmation from the lower timeframes (H4/M15), we will look for long entries with high R:R setups. 💡 Follow for more high-accuracy analysis & real-time trade updates! 🚀 #EURUSD #Forex #SmartMoney #ICT #SMC #Liquidity #ForexTrading
Long
by twb1122
EUR/JPY Bearish Setup: Rejection from 200 EMAEUR/JPY 1H Analysis 📉📊 Bias: Bearish 🔻 This EUR/JPY 1-hour chart suggests a bearish setup with potential downside movement. Here’s a breakdown of key elements: 🔍 Key Observations: 200 EMA Resistance 🚨 Price is struggling below the 200 EMA (158.383), a strong dynamic resistance. Bears are defending this area, preventing further upside. Supply Zone (158.319 - 158.383) 🟥 Price recently rejected from this key resistance zone. Sellers stepped in aggressively, pushing price lower. Bearish Market Structure 📉 Lower highs and lower lows are forming, confirming the downtrend. A potential retest of resistance before another drop. RSI Indicating Weakness ⚠️ RSI (51.59) is below overbought levels and sloping downward. The 56.02 resistance on RSI suggests limited buying strength. 📍 Trade Setup Idea: Entry: Around 157.70 - 158.00 (Possible retest zone) Target: 156.25 - 156.00 (Major support area) 🎯 Stop Loss: Above 158.40 to avoid fakeouts ❌ 📌 Summary: Bearish Bias 🚨 as long as price remains under 200 EMA. Expect a pullback before continuation to the downside. 156.00 Target looks achievable if sellers maintain pressure. ⚡ Trade cautiously & manage risk properly! 🚀 Let me know if you need more details! 🔥
Short
by MrStellanSight
EURJPY weakness continues on BoJ rate hike signal The EUR currency further weakened against the JPY earlier today when the BOJ Governor Kazuo Ueda signalled that the central bank stands ready to increase government bond buying if long-term interest rates rise sharply, reiterating the BOJ’s long-standing commitment to supporting stable markets. The EURJPY price action sentiment appears bearish, supported by the longer-term prevailing downtrend. The key trading level is at 158.90. An oversold rally from the current levels and a bearish rejection from the 158.90 level could target the downside support at 156.50 followed by 153.30 and 151.00 levels over the longer timeframe. Alternatively, a confirmed breakout above 158.90 resistance and a daily close above that level would negate the bearish outlook opening the way for further rallies higher and a retest of 161.00 resistance followed by 162.10 levels. This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
by TradeNation
UPDATE ON EUR/USD TRADEEUR/USD 15M - As you can see price is playing out well. It came to trade into the OB we had marked out earlier post fundamental news, cleared the orders and is now trading us lower. You can see that price doing that has set a new Lower High within this new bearish structure, I would like to say that the high set there will now be protected and we should see a continuation in bearish structure moving forward. This trade is running + 34 pips. (+ 3.4%) 3.4RR A big well done to all of you who managed to jump in on this trade, please make sure that you take partials throughout your position and you apply safety measures. If you have any questions with regards to the analysis or the trade itself drop me a message or comment below and I will get back to you as soon as possible.
Short
by Lukegforex