Short! I opened two short positions yesterday. I have a few short positions that I opened last week, but I feel comfortable adding more now.
Entry - blue horizonal line in the chart.
Stop loss - red horizontal line in the chart.
Target 1, 2, 3 - black horizontal lines in the chart.
If it hit target one, I will move a stop loss to the entry position.Target 1 is the previous month low so I anticipate some correction. Once it resumes the downward movement, I plan to add position.
4H RSI provides reliable indication for pull back or trend reversal. So I will keep an eye on it.
If you are interested in knowing my reasoning for my bearish bias, please check out the linked articles I published last week.
JPYUSD trade ideas
USDJPY Will Go Lower! Sell!
Please, check our technical outlook for USDJPY.
Time Frame: 1h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 146.054.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 144.526 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
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USD/JPY(20250411)Today's AnalysisMarket news:
The annual rate of the US CPI in March was 2.4%, a six-month low, lower than the market expectation of 2.6%. The market almost fully priced in the Fed's interest rate cut in June. Trump said inflation has fallen.
Technical analysis:
Today's long-short boundary:
145.38
Support and resistance levels:
149.05
147.68
146.79
143.97
143.08
141.71
Trading strategy:
If the price breaks through 145.38, consider buying, the first target price is 146.79
If the price breaks through 143.97, consider selling, the first target price is 143.08
USDJPY LONG FORECAST Q2 W15 D11 Y25USDJPY LONG FORECAST Q2 W15 D11 Y25
Happy Friday Traders, It has been a week of sitting on capital. Being cautious, awaiting for breaks of structures at key areas and not not getting dragged into trades that do not fully present themselves. The clues have been there. The carrot has been continually dangled however as risk managers... You know how the saying goes.
We stay true to our trading plan.
We hold firm with what we know works.
We are aware of our market edge.
We know our "perfect" set up does present itself.
with that said, we are dynamic! We do of course entertain the "Imperfect" setup. We simply approach with caution.
USDJPY LONG FORECAST Q2 W15 D11 Y25
15' of course, bearish start to the Friday. Perhaps we are asking a lot from UJ today but let's see if we can break 15' structure before taking a deeper look.
Bigger picture, We are in a weekly order block in the long direction so all shorts are OFF until further notice.
Best of Luck Traders.
Continue to manager your capital.
FRGNT X
USD/JPY Bearish Reversal Setup – Short from Resistance ZoneCurrent Price: ~146.252
EMA 30 (Red): ~146.573
EMA 200 (Blue): ~146.662
The price is below both EMAs, suggesting short-term bearish momentum.
📉 Trade Setup:
Entry Point: 146.551 (marked on the chart)
Stop Loss (SL): 148.514 (above resistance zone)
Take Profit (TP): 142.374 (marked as “EA TARGET POINT”)
Risk/Reward Ratio (RR): Approx. 1:2.5+
📌 Zone Analysis:
Resistance Zone: 147.6 – 148.5 (highlighted in purple)
Previous highs rejected from this level multiple times.
Sellers appear to be defending this zone strongly.
Support Zone: 142.3 – 143.0
Previous accumulation zone marked for the TP.
🧠 Bias & Interpretation:
Bearish Bias: Confirmed by:
Price rejection from resistance.
Below both EMA 30 & EMA 200.
Bearish engulfing patterns near the resistance zone.
Potential Strategy: Short from 146.551 targeting 142.374 with tight SL at 148.514.
⚠️ Watch for:
Any bullish crossover between EMA 30 and EMA 200 could shift momentum.
False breakouts above the resistance zone before actual reversal.
Key U.S. or Japan news that may cause volatility.
USDJPY H4 I Bearish ContinuationBased on the H4 chart analysis, the price could rise toward our sell entry at 144.33, which is a pullback resistance.
Our take profit will be at 1141.36, aligning with the 161.8% FIbonacci extension
The stop loss will be placed at 146.47, a pullback resistance.
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Might going up, but nothing comfirmed. My bias for LSThis is my bias for London session and friday overall.
USDJPY went down alot yesterday due today USA vs CHINA, dont think i have to explain anything.
If sir Trump doesnt do some magic tomorrow we might hit and upward trend and reverse this bearish movement.
2 lines, 1 for resistance and the other for support.
:-)
USDJPY Will Continue Its Down TrendUSDJPY is in a pronounced downtrend.
We expect the price to move at least into the range of the lows from September 2024. Before entering a short trade, however, we recommend waiting for a small return to the entry area shown in order to optimize the RRR. It should also be noted that we are currently in a support zone that formed over the course of last year.
Explosive Rebound on USD/JPY? This Zone Has It ALL...Hi traders! Analyzing USD/JPY on the 1H timeframe, spotting a potential rebound within a descending channel:
🔹 Entry: 144.35
🔹 TP1: 145.59
🔹 TP2: 147.29
🔹 SL: 142.993
Price is currently testing the lower boundary of a well-structured descending channel — a zone that has held as dynamic support multiple times. The RSI is in oversold territory, suggesting the potential for a bullish correction.
If buyers defend this area again, we could see a strong bounce toward the midline and possibly the upper boundary of the channel. Wait for bullish confirmation (e.g., strong candle or volume spike) before entering.
⚠️ DISCLAIMER: This is not financial advice. Every trader must evaluate their own risk and strategy.
5th wave downWe've been tracking this setup for the past few weeks. The market has formed an Elliott Wave structure, and it looks like Wave 4 is now complete. We're likely entering Wave 5 to the downside.
Stop-loss is placed above the wick, with a minimum target at last week's low.
Game of probability lets see how it goes...
USDJPY UPDATESHello folks, this might be trend for next week.
see chart above, might make a new low?
This is only my view, we still have PPI tomorrow friday.
The idea is LONGS.
This is not a financial advice or trade signals.
Trade wisely base on your own understanding.
Good luck.
SEE you next week for new charts on new pair of shoes, joke. new pair of forex market or indices or crypto.
pewwpeww.
SEE the description not the chart, I totally base on my idea on weekly to this USDJPY.
are we going down?
USDJPY: Long Signal with Entry/SL/TP
USDJPY
- Classic bullish formation
- Our team expects growth
SUGGESTED TRADE:
Swing Trade
Buy USDJPY
Entry Level - 145.33
Sl - 144.41
Tp - 147.41
Our Risk - 1%
Start protection of your profits from lower levels
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
❤️ Please, support our work with like & comment! ❤️
USDJPY Moment of truth for the long-term bullish trend.The USDJPY pair has been trading within a Channel Up since the October 17 2022 High and right now the current 1W candle is very close to its bottom (Higher Lows trend-line). This offers a low risk trading set-up.
Confirmed buy will be if the price breaks and closes a 1W candle above the 1W MA50 (blue trend-line), in which case our Target will be July's Resistance at 161.500 (similar to the 2023 Bullish Leg).
If on the other hand it breaks and closes a 1W candle below the Channel Up, turn short and target the 1W MA200 (orange trend-line) at 139.500.
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Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
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