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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

Weak dollar and strong JPY for this week.Those who are passionate about trading know that this is a tough business. You have to understand that the predictions people make regarding the price movement directions are based on probabilities. There is no such thing as 100 percent direction in the market and that is because the market can turn against you or your direction any time it wants. The reason doesn't even matter, it could be the news of some geopolitical changes, oil cut production or war, or many other factors that could impact the financial market. If you have one or more good reasons that the price will follow a certain direction all you have to do is to take a small risk entry in your direction with a good risk-to-reward ratio and just wait and see how the market will perform. A trader could have 1 good reason or a few reasons why his bias is up or down. The reasons could be based on particular studies, past behavior, fundamentals, technical analysis, or certain observations. The important part for you to understand is that the market is in a continuously changing process this means that yesterday's prediction, today could be irrelevant. The market does not have to follow your analysis. You have to follow the market, observe its changes, and react accordingly to them! I hope some of you will find this helpful, good luck!
by Leorado
USDJPY FORECAST USD/JPY Forecast Update 📊 Currently, the USD/JPY is creating a liquidity move, indicating potential retracement on the H4 time frame. The price is showing signs of a possible reversal. If the retracement occurs, here are the key targets: 1️⃣ First Target: Order Block (OB) Zone. 2️⃣ Second Target: Fair Value Gap (FVG) Zone. The price could move down towards these levels. If a reversal occurs near the OB zone or FVG line, it could present a buy trade opportunity. Stay alert and be ready to catch both the retracement and the continuation move! 🚀
by ForexProAcademy1
8
IS JAPANESE YEN COMING STRONGER IN FUTURE? -ELLIOT WAVE ANALYSISAs we see the price has completed its recent cycle on 3 July, 2024. It is now in a major correction where the wave 'A' is already formed. Now the price is forming the wave 'B' and its minimum destination is 61.80% After completing the wave 'B', price will lead the wave 'C' which will be a downward impulse which can move the price toward 130 zone. The more days are passing by, selling opportunity is emerging. So be patience and enter into the market with confident.
by mamnunamalik
USDJYP - Technical Analysis [Short Setup]🔹 USDJYP Analysis on 4H chart - The current Trend is BULLISH - There is BEARISH divergences - Reversal pattern is present which is rising wedge 🔹 Trade Plan For 1HR - Entry Level = 149.093 - Stop Loss = 149.656 - TP1 = 148.545 - TP2 = 147.982 - TP3 = 147.397 🔹 Risk Management - First TP is 1:1 - Second TP is 1:2 - Third TP is 1:3 🔹 How to Take Trade? - Only risk 2% of your portfolio - Take 1% risk entry with 1:1 RR - Take 1% risk entry with 1:2 RR - Take 1% risk entry with 1:3 RR Like and subscribe to never miss a new idea! ✌🏼
Short
by Bountysoul
USDJPYOn the 4H timeframe, USD/JPY has been respecting the uptrend, recently completing a retracement to the 0.618 Fibonacci level, aligning with the psychological support around 149.500. This level also coincides with the 50-period MA, suggesting strong support. Fundamentally, the Fed’s hawkish stance and robust U.S. economic data favor a stronger USD, while the BoJ's ultra-loose monetary policy supports a bullish outlook. If 149.500 holds, the price is likely to move upward, targeting the 150.00 area and potentially higher.
Long
by Swiss_Forex
USDJPY - POTENTIAL SELLThe USD/JPY pair reflects mixed market conditions, driven by economic indicators and central bank speeches. While the yen gains momentary support from indicators such as strong current account data (3.02T vs. expected 2.43T), the Japanese economy faces ongoing challenges, as seen in declining household spending (-1.9%) and weaker machine tool orders (-6.5%). In contrast, the USD shows resilience, with a potential inflationary tilt supported by upcoming CPI data and stable job market indicators. However, frequent FOMC speeches highlight uncertainties, with Fed members expressing caution on future rate adjustments, especially as the U.S. economic outlook softens. Overall, the USD/JPY movement appears to balance the Fed's careful rate stance against Japan's economic pressures, likely leading to a volatile yet relatively balanced exchange rate in the short term. To strengthen the Yen in the coming week, the Bank of Japan (BoJ) could consider a few policy measures. First, BoJ might gradually reduce monetary easing by raising short-term interest rates or scaling back government bond purchases to curb inflation and enhance the Yen's appeal as a safe-haven asset. Additionally, BoJ could issue more hawkish statements, signaling an intention to normalize monetary policy, thereby raising market expectations for a stronger Yen. Finally, fiscal policies that support government spending to boost domestic purchasing power without excessively driving inflation could also add support to the Yen’s appreciation. In the Wyckoff pattern, if USD/JPY is currently in a Purge or RTO (Return to Origin) phase, it could indicate a potential reversal and strengthen the Yen. This phase often signifies the final push by the smart money to trigger a liquidity purge, clearing out weaker positions. If this is happening near a supply zone, it can lead to a reversal as strong hands begin to enter short positions on USD/JPY. A confirmed reaction here, such as a shift in market structure or bearish divergence, could support a Yen strengthening scenario. However, monitoring upcoming economic data and any shifts in the Bank of Japan’s policy statements remains essential to validate this trend.
Short
by herrylistonhutapea
8
USD/JPY idea short 1hHey i have a little idea for a short position it goes like this. A rising wedge pattern is made but does not rise and falls below the pattern so a reversal is coming i think. Plus he also hit my support on the week time frame so i think my reversal is confirmed now wait and see. If he should still return and turn above the pattern, then take a long position it's also the weekend this is just a calculation but it seemed like a possible solution when the market opens again. Enjoy your weekend everyone! #RisingWedge #Bearish
Short
by MrViewPips
Usdjpy still seems upside but having zig zag moveHello fellow traders , my regular and new friends! Welcome and thanks for dropping by my post. Price actions still whips in a wedge, but general direction still up unless the structure fails. Let's watch this coming week for clearer picture! Do check out my recorded video (in trading ideas) for the week to have more explanation in place. Do Like and Boost if you have learnt something and enjoyed the content, thank you! -- Get the right tools and an experienced Guide, you WILL navigate your way out of this "Dangerous Jungle"! -- ********************************************************************* Disclaimers: The analysis shared through this channel are purely for educational and entertainment purposes only. They are by no means professional advice for individual/s to enter trades for investment or trading purposes. *********************************************************************
by Shadowing_The_Big_Boys
Classic Tuesday #3 (High Impact News Thursday & Friday)In a bullish market scenario, the "Classic Tuesday" playbook suggests a predictable weekly price pattern. Typically, the market hits its lowest point on Tuesday, offering a prime buying opportunity. The best trade can often be made from the London open on Tuesday to the New York open on Wednesday, as the market begins to rise steadily. By Thursday, the market generally reaches its weekly high, making it an ideal time to lock in profits. This strategy allows traders to capitalize on the mid-week low and the bullish momentum that follows.
Long
by Bufalodorato
USD/JPY IS STILL TRENDING UP LOOK HEREUsd/jpy is still in up move as we see last Thursday 10/17/2024 usd/jpy break 4 hour time frame higher high and now we see deep pullback were price is already reach the demand zone. Keep monitoring price in 15 min or 30 min to see change of character,so that we can enter and targeting our last swing high ,howerever if price break demand zone there will be no buy opportunity for the moment.follow me for more updates in currency pairs thank you.
Long
by farajamwambagi
USD/JPY Market Update: Key Levels and Long-Term ProjectionsUSD/JPY Market Update: Key Levels and Projections The USD/JPY pair is nearing significant resistance levels, with potential for a correction if price action encounters selling pressure. Here’s a concise analysis of the current market structure: Sell Zone: 152.713 - 151.934 - 150.814 This sell zone marks crucial resistance levels. If the pair closes above 152.713 on the daily time frame, the market could turn extremely bullish. However, within this zone, price could face significant resistance, triggering a pullback. Buy Zone: Below 139, 136.000, and 128.000 The buy zones are below 139, with key support levels around 136.000 and 128.000. These zones are expected to hold strong buying interest if a correction occurs, providing opportunities for a reversal back to the upside. Current Price Action At 149.540, USD/JPY is approaching the lower boundary of the sell zone. While momentum remains bullish, watch for potential reversals near resistance. COG: 144.438 The center of gravity (COG) at 144.438 is an important mid-level to watch. It could act as a pivot point in case of a price retracement, offering insight into the strength of the pullback. Key Levels: Resistance: 152.713 - 151.934 - 150.814 (Sell Zone). Support: Below 139, 136.000, 128.000 (Buy Zones). COG: 144.438. Outlook A breakout above 152.713 may drive further gains, while a correction toward 136.000 or below offers potential buying opportunities. Share your thoughts in the comments, and don’t forget to boost this post if you agree with my analysis.
by Gravity-Traders-Academy