JPYUSD trade ideas
USDJPY: Time to Recover?!The USDJPY chart formed an inverted cup & handle pattern that has broken its neckline on a daily timeframe, signaling a confirmed Change of Character (CHoCH) and suggesting a potential bullish reversal.
This could lead to a market recovery and a possible move towards the 146.00 level in the near future.
Usd/Jpy 02-May-2025 AnalysisDisclaimer: easyMarkets Account on TradingView allows you to combine easyMarkets industry leading conditions, regulated trading and tight fixed spreads with TradingView's powerful social network for traders, advanced charting and analytics. Access no slippage on limit orders, tight fixed spreads, negative balance protection, no hidden fees or commission, and seamless integration.
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USDJPY: TGIF setupafter news yesterday, USDJPY made the strong spike and did a liquidity swipe on late buyers at Tokyo open. well, the whole week see bullish in play, leaving some FVG in HTH, very ideal for TGIF setup.
As soon as I see the bearish candle in H1 TH, enter 100% lot size with expectation of retracement to 20-30% fib, as ICT's textbook.
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USDJPY 1 day ⚙️ Technical Overview (USD/JPY – 1D)
📉 Trend & Structure:
Rising wedge pattern has been broken to the downside, which is typically a bearish reversal signal.
Price has retested the broken trendline from below near the 147.30 resistance level, confirming structure rejection.
Clear breakdown below both ascending trendlines.
📊 Key Levels:
Resistance:
147.32 (marked on chart, rejected after trendline break)
Minor resistance around 145.90–146.50, former support area turned resistance.
Support:
Nearest horizontal support: 135.00 – 136.00 zone
Major support (and target of measured move): 122.73, also aligned with prior consolidation zone from 2022.
📏 Measured Move:
A measured move suggests a potential drop of -8.43% (~1,229 pips) from the wedge top to the lower trendline support around 133.00–122.70 range.
This aligns with a long-term target near 122.73, which is a major structural level.
🧠 Outlook & Bias:
Bias: Bearish
Momentum: Strong breakdown with retest failure indicates bearish momentum is intact.
Confirmation: A daily close below 144.50 could further confirm downside continuation.
📌 Potential Trade Idea (Not Financial Advice):
Entry: After confirmation below 144.50 or aggressive entry on current retest failure.
SL: Above 147.50 (last swing high & trendline).
TP: First target at 136.00; second target at 122.70
Yen Near 146 as Trade Hopes WeighThe yen hovered near 146 per dollar Friday after a 1.6% drop, pressured by weaker safe-haven demand amid improving US-China trade prospects. China is open to talks after repeated U.S. outreach, while Japan and the U.S. wrapped up a second round of bilateral talks, aiming for a June deal. Domestically, Japan’s jobless rate rose to 2.5% in March, but the labor market stayed tight. The Bank of Japan held rates at 0.5% and cut its growth and inflation outlooks, signaling limited chances of near-term hikes.
Resistance is located at 145.90, followed by 146.75 and 149.80. On the downside, support levels are at 139.70, then 137.00 and 135.00.
USDJPY 30M CHART PATTERNThis chart illustrates a bullish trade setup for USD/JPY on the 30-minute timeframe. Here's a quick breakdown:
Pattern: The price appears to be forming higher lows and higher highs, suggesting an uptrend.
Green Arrows: Indicate points of price support and potential entry zones.
Orange Circles: Highlight pullbacks or corrections within the trend.
Green Trendline: Shows an ascending support line, supporting the bullish outlook.
Entry Point: Around the current price near 145.260, aligned with trendline support.
Stop Loss: Set just below the recent support zone (~144.134) to limit downside risk.
Take Profit: Targeting the upper green box near 147.493, aligned with previous highs.
This setup seems to be a buy-the-dip strategy in an uptrend.
Do you want help analyzing the risk-reward ratio or confirmation signals?
USD/JPY Eyes Breakout After Healthy Wave 4 CorrectionThe USD/JPY pair is currently unfolding a clean impulsive 5-wave structure to the upside. The price action has already completed Waves 1, 2, and 3, and has entered a probable Wave 4 correction.
Wave 3 appears extended and tapped into a key Fair Value Gap (FVG), which acted as resistance.
Wave 4 is likely to develop as a shallow retracement, possibly forming a bull flag or expanded flat before launching into Wave 5.
The ascending channel supports the bullish structure with both Wave 2 and Wave 4 respecting lower bounds.
Targets: 144.750 - 144.351
Stoploss: 146.268
Could the price reverse from here?USD/JPY is reacting off the resistance level which is a pullback resistance that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection and could reverse from this level to our take profit.
Entry: 145.59
Why we like it:
There is a pullback resistance level that lines up with the 161.8% Fibonacci extension and the 78.6% Fibonacci projection.
Stop loss: 146.75
Why we like it:
There is a pullback resistance level that line sup with the 78.6% Fibonacci retracement.
Take profit: 143.86
Why we like it:
There is a pullback support level.
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NNFX USDJPY Short ContinuationEntered 1% Position on USDJPY Short
Settings:
50% Scale Out at 1xTP
USD News Friday NFP secure position.
Commentary:
First trade back after a break due to burn out. Excited to be back in the markets trading Judge Fortress Algorithm signals. Double excited to begin a new chapter sharing this trade setup journal with the public and build on NNFX Advanced Tactics for Live Trading!
USDJPY | Testing Supply & Trendline Resistance at 145.40USDJPY 4H Analysis
Price has rallied back into a confluence zone:
• Descending trendline resistance
• Key supply zone around 145.40
This area has rejected price multiple times in the past. I’m watching closely for:
Bearish Setup:
• Rejection candle or wick above 145.40
• Entry on confirmation below zone
• Target 143.20–141.50
Bullish Breakout Scenario:
• Clean close above trendline + 145.50
• Retest of broken structure
• Target: 147.80+
RSI and momentum tools will help confirm the move.
USD/JPY : Get Ready for another Rally! (READ THE CAPTION)By analyzing the USD/JPY chart on the daily timeframe, we can see that, as expected, the price has finally started to rise. So far, it has successfully reached the 143.5 and 144 targets, and extended up to 145.76, delivering a solid 350-pip move.
The main analysis remains valid, and I expect the price to hit the next target at 146.2 soon.
The total gain from this setup has now exceeded 570 pips, and the key upcoming supply zones are at 146.2, 148.7, and 150.
This analysis will be updated accordingly!
THE MAIN ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USD/JPY Bullish Setup with Ascending Trend line This is a 2-hour chart of USD/JPY showing a bullish setup. The price is currently respecting an ascending support trend line, indicating potential upward momentum. There are two marked resistance levels: the first target around 144 . and the second target near the 146.00– 146.50 zone . The chart suggests a bullish continuation if the price breaks above the first target zone, with the second target acting as a stronger resistance area. Ichimoku cloud support below the price also reinforces the bullish bias.
Japanese Yen Short-term Outlook: USD/JPY Breakout ahead of NFPThe U.S. Dollar plunged more nearly 12% off the yearly high against the Japanese Yen with USD/JPY rebounding off support at last week near the 2024 low.
Initial resistance now in view at the 100% extension of the recent advance at 146.11 and is backed by the 38.2% retracement at 147.14- both levels of interest for possible topside exhaustion / price inflection IF reached. Broader bearish invalidation is eyed at the 1.6185% extension / 2022 weekly high close at 148.67/73.
Ultimately, a break / daily close below 140.25 is needed to mark downtrend resumption with the subsequent support seen at the March high-day close (HDC) / March high at 137.35/91 and the 78.6% retracement at 134.65.
From a trading standpoint, rallies would need to be limited to 147.14 IF price is heading lower on this stretch with a close below 140.25 needed to fuel the next leg of the decline.
-MB
Yen slides as BoJ cuts growth forecastThe Japanese yen continues to lose ground and is sharply lower on Thursday. In the European session, USD/JPY is trading at 144.36, up 0.92% on the day. Earlier, the yen weakened to 144.74, its weakest level since April 10.
There were no surprises from the Bank of Japan, which maintained its key interest rate at 0.5% in a unanimous vote. The BoJ has signaled that it plans to continue hiking rates and normalize policy, but the turmoil caused by US President Trump's tariff policy may delay the next rate increase until after the summer.
The BoJ board cut its growth and inflation forecasts in its quarterly outlook report. The growth forecast for the fiscal year ending March 2026 was slashed to 0.5% from 1.1% in January and inflation is not expected to remain sustainable at 2% until the second half of 2026, a year later than in the January forecast.
The forecast noted that US tariffs would dampen Japan's economy by weighing on global trade and consumer and businesses confidence would be impacted due to the "heightened uncertainties" over the tariffs.
The markets expected a soft US GDP release for Q1 but the 0.3% q/q decline was well below the market estimate of 0.2%. This followed a strong 2.4% gain in the fourth quarter of 2024. The surprise decline was driven by Trump's tariffs, as imports surged ahead of the tariffs taking effect and consumer spending declined.
The weak GDP figure raised the probability of further rate cuts and the markets are looking for up to four rate cuts before the end of the year. The Fed is in a wait-and-see mode, with little chance of a cut in May, but further economic deterioration could force the Fed to cut in June.