usdjpy sell usdjpy sell based on 5 min chart analysis. lets see how this goes. very good risk to reward ratio.
JPYUSD trade ideas
USD/JPY – Heading to 153 with Corrections Along the WayAlright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there.
After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong.
Key Levels to Watch:
Current Target: 153.07 – A key level where a correction is expected.
Correction Depth: Unknown until we get to 153—watch for signs of pullback strength.
Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast.
This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be.
What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave.
Mindbloome Trader
Trade What You See
USDJPY: 1H Rising Wedge approaching its top.USDJPY is almost overbought on its 1H technical outlook (RSI = 69.322, MACD = 0.160, ADX = 19.927) as the price is approaching the top (HH) of the 10 day Rising Wedge. A 74.00 RSI has been the most optimal sell signal during the three past highs to start shorting. Wait for the opportunity and target the 0.5 Fib at least (TP = 149.645) as it has been the minimum target during the last two bearish waves.
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USDJPY - NEW BREAKOUT !Hi Traders !
After a huge bullish move, The USDJPY broke the resistance level (149.4 - 149.077).
This key level becomes a new support level !
So, I expect another bullish move📈
_____________
TARGET: 150.260🎯
USDJPY a bit choppy but still traded above 150.000 key level.Despite USDJPY chopping around the 149.000 key level, the pair has already traded back above 150.000 key level as highlighted in our earlier post yesterday. Retail sales was the key driver of volatility today. The dollar strength persisted sending the pair higher. The pair now looks forward to clear 150.500 level before the daily candle closes.
USDJPY LONGUJ has been on a buy trend, if yiu observe the D1 TF you'll realise the BOS and this setup is based on the retest from the previous break to the high... Observe and apply good RRR.. Goodluck
USDJPY Triangle Could Activate with US Retail SalesUSD/JPY is consolidating in a triangle pattern ahead of the US retail sales figures and the ECB rate meeting. The ECB is expected to cut rates and may hint at more cuts due to inflation falling below 2%. If they turn dovish, it could help USD/JPY break to the upside.
US retail sales data, likely to have a bigger impact on USD/JPY, follows the ECB meeting. According to the triangle pattern, a break above 149.87 could push the price to 150.98, while a drop below 149.14 may signal a reversal. Ideally, strong US data and a dovish ECB would lead to a clean break to the upside, as trading against the uptrend in USD/JPY is likely to be challenging.
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Fundamental Market Analysis for October 17, 2024 USDJPYThe USD/JPY pair is down to 149.400 despite the US Dollar (USD) strengthening during Asian trading on Thursday. Later on Thursday, US retail sales data will come to the fore, which is estimated to rise to 0.3% in September from 0.1% in the previous reading.
The US economic data showed a resilient economy, with inflation rising slightly more than expected in September. This, in turn, could boost the US Dollar against the Japanese Yen (JPY). LSEG calculations put the probability of a 25 basis points (bps) rate cut in November at nearly 100%, while the probability of the Fed pausing and keeping the federal funds rate in the target range of 4.75-5.0% is just 0.2%.
Nevertheless, ongoing geopolitical risks and uncertainty surrounding the U.S. election could strengthen safe-haven flows, which would favor the yen. A plan for Israel's response to an Iranian attack this month is ready, CNN reported. U.S. officials expect it to happen before the U.S. presidential election. Prime Minister Benjamin Netanyahu said separately that Israel opposes a “unilateral ceasefire” in the war with Iran-backed Hezbollah in Lebanon.
On Friday, investors await national consumer price index (CPI) data for September for a fresh boost. The CPI excluding fresh food is expected to fall to 2.3% in September from 2.8% in August.
Trade recommendation: Watching the level of 150.000, when fixing above consider Buy positions, when rebounding consider Sell positions.
UsdjpyI'm looking for shorts because price has not yet confirmed a continuation for uptrend..but it's still on the resistance and now I've identified a rising wedge on resistance plus possible double top rejection
USDJPY DAY CHART LONG SELL USDJPY broke the Daily trendline channel to the downside now it's returning for retest as well as Daily FVG validation at the previous Support which now is working as Resistance since the Market broke down below it. 152.000 is the sell Entry all te way down to 133.270
usdjpy longusdjpy
long
Please don't be greedy
ENTRY : yellow point
TP : blue lines
SL :
below red line for LONG position
above red line for SHORT position
INSTRUCTIONS:
For risk and money management:
5% of your wallet for LEV X ≤20
And
3% of your wallet for LEV X ≥ 20
SMALL DIP ON UJ ??The 15 min base range has been tested and is holding. 5 min bearish trends have clearly formed indicating potential downward momentum.
ONLY TIME WILL TELL
USDJPY Long Analysis 17/10/2024simple looking
there’s a fvg and a 0.5 fib level on a htf above, a lil risky but up to you how you wanna play this game, i’m trading within the trend lines.
USDJPY 10/17/24💡
🔍 5hr time frame: USDJPY has been accumulating/trending bullish above the 10/20emas and has corrected into the 10/20emas.
📈 30m: USDJPY has now showed bullishness/impulse above the 10/20emas. Price has showed a valid correction into the 10/20emas.
Bias: Bullish
USDJPY SELL THE BOOM AREAPEPPERSTONE:USDJPY FX:USDJPY FOREXCOM:USDJPY OANDA:USDJPY
We have looking for the strong sell zone here, usdjpy has no enought buyig volume now and the wave buy is end .
USD/JPY DIRECTIONusd/jpy overall is in bull move by making higher high and higher low,for the moment i prefer only buy opportuniy by wait for market to make pullback and enter the market by targeting our 4hour time frame higher high.
another idea of trading usdjpy is shotrting it till arround 143ianother idea of trading usdjpy in shorting until 143ish of the second long wave of elliot theory
U.S. Dollar / Japanese Yen (30MIN) | Chart & Forecast SummaryKey Indicators on Trade Set Up in General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Active Sessions on Relevant Range & Elemented Probabilities;
* Asian(Ranging) - London(Upwards) - NYC(Downwards)
* Weekend Crypto Session
# Trend | Time Frame Conductive | 30 Minutes Time Frame
- General Trend
- Measurement on Session
* Support & Resistance
* Trade Area | Focus & Motion Ahead
Conclusion | Trade Plan Execution & Risk Management on Demand;
Overall Consensus | Buy
usdjpy back to 159.15usdjpy back to 159.15, my first target, lets see how is coumpounding the next mooves with the technical indicators, for further development of target price
Targeting liquidity sweep after flip zone after USDJPY flip.USDJPY appears to be completing a flip to bearish trend, targeting a liquidity sweep after first pullback.
USDJPY - short term shortWe are foreseeing some slight short term dollar weakness.
Levels on the chart, trade with care.
#USDJPY #Elliot #Sell#USDJPY
sell-4h-elliot-clasicpattern-supplyzone_RD-
#In the 4-hour time frame, Elliott price has completed and is now falling. Our fifth wave consists of 5 micro-waves, the fifth wave of our micro-wave is formed in a short form.
#Also, in this time frame, the price has formed a classic reversal pattern and at the same time, the price has also reacted to our supply zone.
#Divergence of the indicator with the price is also a confirmation of our entry.
#SL:149.782
#TP1:146.252
#TP2:143.630
#R/R:1/7
