Dollar Weakens Post-Fed, Lifting Yen Beyond 148.5The yen strengthened past 148.5 per dollar, rising for a second session as the dollar weakened after the Fed reaffirmed two rate cuts this year. Fed Chair Powell downplayed Trump’s tariffs as short-lived. The BoJ kept rates at 0.5% on Wednesday, adopting a cautious stance amid global risks, especially US tariffs. It also emphasized monitoring forex markets and their impact on the economy.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
JPYUSD trade ideas
USDJPYKey Levels:
Support Levels:
147.710 – First support zone (potential buy area).
147.230 – Stronger support level where price may react if it continues downward.
Resistance Levels:
149.500 – Key resistance level if the price reverses bullish.
Trade Setup:
A short position is anticipated with entry after a pullback towards a minor FVG.
Take Profit: Near 147.710 or deeper at 147.230.
Stop Loss: Likely above the broken trendline or at a key resistance zone (149.500).
A long position could be considered at 147.710 or 147.230 if price shows bullish signals.
USDJPY SHORT - long term downtrend continuationThe white line on the chart is a path drawn from the daily chart, we have had a nice correction to the green line marked on the chart.
Expecting a retest of the level marked by the red line before a day trade short running down to the previous low created on March 11th.
If it breaks back in to the zone marked by the red and green lines, then I wouldn't take the trade but for now all signs show a continuation of the downward trend.
Fundamental Market Analysis for March 20, 2025 USDJPYThe Japanese yen (JPY) attracted buyers for the second consecutive day and strengthened to a new one-week high against its US counterpart during the Asian session on Thursday. Expectations that strong wage growth could boost consumer spending and contribute to higher inflation give the Bank of Japan (BoJ) room to raise interest rates further. This has led to a recent sharp narrowing of the rate differential between Japan and other countries, which continues to support the low-yielding yen.
In addition, uncertainty over US President Donald Trump's trade policy and its impact on the global economy, as well as geopolitical risks and the political crisis in Turkey, are contributing to inflows into the Yen. The US Dollar (USD), on the other hand, is struggling to gain meaningful momentum amid increased economic uncertainty amid US President Donald Trump's trade tariffs. This, in turn, is weighing on the USD/JPY pair and contributing to the intraday decline.
However, interest rate differentials, the Bank of Japan's loose monetary policy, the trade balance differential and global market sentiment put pressure on the Japanese yen. The further direction of the USD/JPY pair lies on the upside.
Trading recommendation: BUY 148.400, SL 147.600, TP 150.100
Charting the Path Forward: Key Levels to WatchPrevious Analysis: Successful Bullish Breakout
In our previous analysis, we identified a Falling Wedge pattern accompanied by bullish divergence, forecasting a breakout above 147.807. The price hit our target, confirming the bullish momentum and reaching key Fibonacci levels.
What’s Next:
Upon analyzing the chart, we observe that price has found support at 147.535 after a pullback during the American session. We anticipate the price to reach our first target, and after consolidation and a possible pullback, we expect to hit our second target near the upper line of the channel.
However, if the price declines from the first target and breaches support at 147.535, the next key support level is at 146.306.
Remember to follow your risk management strategies to protect your capital.
USDJPY Breakout And Potential RetraceHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.300 zone, USDJPY was trading in an uptrend and successfully managed to break it out. Currently is in a correction phase in which it is approaching the retrace area at 149.300 support and resistance area.
Trade safe, Joe.
Order Block @149.84 |Sell SignalPrice is in an overall downtrend but it was in a short-term uptrend. It created a change of character which indicates an end of the short-term trade. No I'll wait for price to retrace and mitigate the order block that lead to the change of character. I'll wait for confirmation in order to enter a sell position.
Buying UsdJpyTrading Strategy:
Entry Point: Consider entering a buy position near the 147.993 support level.
Stop Loss: Place a stop loss just below the 147.740 level to manage risk in case the downtrend continues.
Take Profit: Target the 149.000 or 150.141 levels as potential resistance zones for profit-taking.
Risk Management:
1% of my capital
USDJPY → Resistance retest (wedge) before the Fed meetingFX:USDJPY is forming a correction to trend resistance as part of the dollar index consolidation. An interesting situation is forming which could be a continuation of the downtrend.
Fundamentally, today is an important day. The FED interest rate meeting is ahead. Traders are waiting, the dollar is consolidating at this time. Most likely the rate will remain unchanged, but in this key everyone is interested in Powell's comments on monetary policy and their future actions.
USDJPY at this time is forming a correction to the bearish trend resistance, before the news the currency pair may test the resistance conglomerate: a wedge, 0.79 fibo, or an orderblock located outside the channel
Resistance levels: 150.16, 150.95
Support levels: 148.92
False breakout of the resistance zone can provoke a fall, as well as breakdown of the support of the “wedge” with the subsequent consolidation of the price in the selling zone. The price may test the zone of interest at 147.6, 146.54.
Regards R. Linda!
USD/JPY 4H – Short Setup at Upper Trend Channel Projection.USD/JPY 4H – Short Setup at Upper Trend Channel Projection
USD/JPY is currently trading within a well-defined descending channel. Price is approaching the upper trend channel projection, a key area derived from parallel structure analysis. While this level has not been tested multiple times, it aligns with the broader bearish trend, making it a potential rejection zone.
If price fails to close above this projection on the 4H timeframe, a short position will be executed with a stop-loss above the recent highs. The initial target is the previous lows at 146.60, while the extended target is the lower trend channel trendline.
Watching for confirmation before entry.
USDJPY bearish trend continuation below 150.60The USDJPY currency pair remains bearish, following the prevailing downtrend. Recent price action shows resistance at the 150.60 level, which marks the current intraday swing high.
Key Levels:
Resistance: The critical resistance level to watch is 150.60. A rally to this level followed by a bearish rejection could signal further downside momentum.
Support: On the downside, key support levels are positioned at 148.15, 147.00, and 146.30, marking potential bearish targets over the longer term.
Bullish Scenario: If the pair breaks above the 150.60 resistance and achieves a daily close above it, the bearish outlook would be invalidated. This would open the door for further rallies, with resistance levels at 151.46 and 152.36 acting as possible targets.
Conclusion: The bearish sentiment remains strong as long as 150.60 holds as resistance. Traders should be cautious of rallies and look for bearish rejections near this level. A confirmed breakout above 150.60 would signal a potential trend reversal, favoring further upside.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
USD/JPY Bearish Continuation📉 Trend Analysis:
The chart shows a breakdown from an ascending channel, indicating a potential bearish reversal after an extended uptrend.
Price has formed a descending channel, reinforcing the short-term bearish structure.
🔍 Key Levels:
Sell Zone: Around 0.0066848 - 0.0066919, acting as resistance.
First Target: Around 0.006490, a strong support area.
Second Target: Around 0.0065692, marking a deeper level of bearish continuation.
Final Target: Around 0.0064632, a critical demand zone.
📌 Trade Plan:
Look for sell entries on a possible pullback to the resistance zone.
Confirmation through rejection candles or continuation patterns could strengthen the bearish case.
⚠ Risk Management:
Stop loss above the previous resistance around 0.0067184.
Take profits gradually at key support zones.
USDJPY Analysis todayHello traders, this is a complete multiple timeframe analysis of this pair. We see could find significant trading opportunities as per analysis upon price action confirmation we may take this trade. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
USDJPY UPDATE 19th MARCH 2025The price is currently rising as anticipated. I took partial profits already since price surpassed half of what I expected.
I also moved Stoploss to 149.443 to protect the remaining open position just incase.
I hope you guys took the trade too. If not, do not panic as the market always gives new opportunities. STAY ALERT
REMINDER
1.Never get to confident as the market can always surprise you in ways you can't even imagine, so always use proper risk management.
2. We learn everyday.