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Japanese Yen / U.S. Dollar

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JPYUSD trade ideas

USDJPY swing trade update. 800 pips done! We sent out our this next analysis exactly a month ago to our members at Fractals Trading Community: "After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week." (linked idea) Setup is currently running with 2 TP levels already hit. Will send a new analysis next week. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Long
by martinmei
1
Lingrid | USDJPY potential Continuation of Bullish TREND The price perfectly fulfilled my previous idea. It hit the TP. FX:USDJPY pair is currently making higher highs and higher lows, indicating a bullish trend. The price has fluctuated around the psychological level of 147.000, but it has finally broken through and closed above this level with a significant bullish candle, highlighting its importance. I believe the market may consolidate a bit longer, as the 150.000 level is looming above before moving upward. My goal is resistance zone around 150.800 Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻
Long
by Lingrid
12
USDJPY (weekly analysis)USDJPY on the weekly Next week we should find a nice rejection up to that FVG. Why? we are at a strong support/resistance area which has been going on since 2022. Im expecting a strong rejection of this. I am still short to 146.450 this is my safe TP zone. this same pattern has happened between 2022-2023. I am in a short position scale with a TP of 146.450, we can expect this TP Zone to get hit anywhere between next week or week after. Happy Trading IAM That IAM
Short
by MillionaireMind717
1
Classic Tuesday #2 + Core Inflation Rate YoY ThuClassic Tuesday pattern: In a bullish scenario, Tuesday forms the low of the week, with Thursday marking the high. In a bearish scenario, Tuesday sets the high of the week, with Thursday creating the low. The best trades are typically made between Tuesday and Wednesday. If the setup doesn't play out on Tuesday, it often unfolds on Wednesday. I entered the trade before 2:30 PM NY time because I needed to get some sleep. I based the trade on a 15-minute order block (OB) with my stop loss set at the Asian session low I decided to take profits just below the previous high. I had expected the price to push higher during Thursday’s London Open, but I didn’t want to be too greedy, so I took profits on Wednesday after the London Close. Thursday Core Inflation Rate YoY: A sharp 15-minute move of 134 pips, typically neutral, designed to trap traders on both sides.
Long
by Bufalodorato
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 Market Analysis 26/09/2024 After 70 days of constant decline, the USD/JPY pair has finally managed to break the descending trendline and exit the prolonged bearish trend. At the moment, it is still unclear whether this is a long-term trend reversal or just a short-term pullback within the larger downtrend. The charts clearly show a breakout of the main descending trendline, followed by a flip of the horizontal and diagonal support/resistance levels, which further confirmed the significance of this move. This breakout has been tested and validated at multiple levels — first at the diagonal trendline, and then at the horizontal support level. One of the key signals for this potential reversal is the bullish divergence on the 4-hour timeframe, which indicated a weakening of the selling pressure and a potential trend change. This signal was further strengthened by the crossover of the Moving Average 7 above the Moving Average 21, which occurred right before the breakout. After the breakout confirmation, the price managed to reclaim the 0.236 Fibonacci level, but it is now facing a crucial resistance at the MA 200 level, which will determine the next direction. We are currently at a critical juncture — either we break through this level and head towards the 0.382 Fibonacci level, or we retrace and test the horizontal support once more, which now serves as a key support zone. It remains to be seen whether the price can maintain these levels or if it will revert back into the previous trend. If we see another successful test of the horizontal support, it could indicate further upside potential and a transition into a more stable bullish trend.
by RhinoAkaBear
USD/JPY Analysis - September 30, 2024Based on the current technical review and previous analyses, we observe key changes on the USD/JPY chart. After the pair broke through a key resistance level, a pullback has occurred, allowing us to identify important technical zones and opportunities for entering scalp positions. In this analysis, we consider the main aspects of this breakout, the pullback, and potential for further growth. Breakout of Key Resistance and Pullback: The breakout was anticipated based on prior analyses. Following this breakout, the price began to retrace back towards previous resistance levels, which have now become support. The zone where this retracement is occurring coincides with the 0.61 - 0.65 Fibonacci level, further confirming the strength of this area as a "golden pocket" for potential reversals. Bullish Divergence and Volume Loss: As the price fell to this confluence, bullish divergence formed on lower timeframes, signaling a possible return of buying strength. The decrease in volume during this time indicates a loss of momentum among sellers, which contributed to the decision to enter a scalp position and take advantage of the bounce from this level. Trendline as Temporary Support: The diagonal trendline has served as crucial support during the bounce. The plan is to monitor this trendline, and if it is breached, a retest of the previous support level is expected, which will open a new opportunity for entry. This could be a key moment for establishing a new uptrend, as a support/resistance flip at this level is likely to trigger a new wave of buying activity. Fibonacci Golden Pocket (0.61 - 0.65 Fib Level): This zone is one of the most reliable areas for seeking price reversals in technical analysis. Located within the "golden pocket," it provides additional confluence that can confirm the validity of the plan. This zone often attracts investors as it represents an optimal balance between retracement and potential growth. Expected Setup and Take Profit Target: The target, set at 147.827, represents a resistance level that the price may test again after successfully flipping support into resistance. This target is logically set based on previous high price levels, while the setup offers a potentially very high Risk/Reward ratio of over 6.19, making it exceptionally attractive for trading. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
by RhinoAkaBear