Consolidation Below Key 150 Resistance Ahead of BOJ Meeting
The bearish scenario for this pair was thoroughly analyzed in the previous outlook, and as expected, the yen strengthened against the dollar. On the 4-hour timeframe, USDJPY is now testing the upper boundary of a drawn channel. Given the fundamental backdrop, a breakout above the channel could lead to further gains. However, failure to break the channel or the 150 resistance level could activate a bearish scenario.
JPYUSD trade ideas
Bearish reversal?USD/JPY is rising towards the resistance level which is an overlap resistance that aligns with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension and could reverse from this level to our take profit.
Entry: 149.44
Why we like it:
There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement and the 127.2% Fibonacci extension.
Stop loss: 150.97
Why we like it:}
There is an overlap resistance level that is slightly above the 50% Fibonacci retracement.
Take profit: 147.54
Why we like it:
There is a pullback support level.
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JPY/USD - Bearish Breakdown from Ascending Channel
📉 Market Structure:
The pair has been trending upwards inside a well-defined ascending channel. However, price is now testing the lower boundary of the channel, indicating a potential breakdown. A confirmed break below this support could trigger a bearish move.
🔍Key Levels:
Support Zone: 0.0068122 (Channel Support)
Current Price: 0.0067279
First Target: 0.0065703
Second Target: 0.0064390
📊 Trade Idea:
A confirmed break below the channel support could signal further downside.
If price rejects from this level and starts falling, a short opportunity may be considered targeting 0.0065703 and then 0.0064390.
Traders may look for bearish confirmation before entering short positions.
🚨Confirmation & Risk Management:
Bearish Confirmation: A strong break below 0.0068122 with volume.
Invalidation: A strong bounce from support and a move back inside the channel.
Risk Management: Stop-loss can be placed above 0.0068122 to protect against false breakouts.
This setup suggests a potential trend reversal if price fails to hold the channel support. Traders should watch for confirmation before executing trades.
USDJPY - Bullish pattern towards descending trendlineThe USD/JPY pair appears to be forming a potential reversal pattern after reaching a low around 146.50 in early March. Having bounced from this support level, the price is now hovering near 148.60 with indications of a larger corrective move ahead. Technical analysis suggests we are expecting a bigger correction in this area, with the price likely to test higher levels before encountering significant resistance. The initial price target will be the upper boundary of the blue box area (approximately 150.50-151.00), with potential to go toward the descending trendline that has been capping price action since January.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDJPY Is Bearish! Short!
Take a look at our analysis for USDJPY.
Time Frame: 9h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is testing a major horizontal structure 148.641.
Taking into consideration the structure & trend analysis, I believe that the market will reach 145.355 level soon.
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.
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Like and subscribe and comment my ideas if you enjoy them!
USDJPY M30USDJPY – Bullish Outlook Continues
📈 Expecting further upside with targets:
🔹 149.16 → 150 → 151.25
❌ Bearish invalidation: Break below 148.18.
Let’s see if we can catch a solid 1:6 R:R trade in the Asian session!
What’s your take?
Disclaimer: Trading involves risk, and you are responsible for your own decisions. Always do your own research and manage your risk accordingly.
USDJPYYes, USD/JPY is following a strong downtrend, respecting the descending trendline. The break of the 148.000 support confirms further downside momentum. If sellers maintain control, the next key level to watch is 146.000, which aligns with previous demand zones and potential psychological support.
Keep an eye on fundamental factors like U.S. Treasury yields, BOJ interventions, and upcoming economic data, as they can influence the speed of the decline.
Are you looking to take a short trade on this move?
Long USDJPY - Indicators Read BullishThe two indicators on this chart make for very well buy and sell signals. At the moment, it's reading a buy for USDJPY which is very interesting as I've recently made a post about being long the USDJPY with the aniticiaption that price will trade to 160 over the next quarter.
USDJPY WEEKEND ANALYSIS TECHNICAL SUMMARY
1D- We observed a CHoCH after price surpassed 148.683 price level. Currently the pair is in a retracement to the upside before it can continue falling possibly to 144.569 price level
4H- 15MIN: Price is uptrending. As the market opens, I am looking for the price to fall to 147.986 before continuing to rise and break the 149.158 price level.
Lastly,
1.Beware of high impact news before considering taking any position
2. Do your own analysis before making any decision
3. Use proper risk management
4. Losses/wins don't define you, consistency does.
5. Your comments will be highly valued
USD/JPY "The Gopher" Forex Market Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo! Marhaba!🌟
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Entry 📈 : "The heist is on! Wait for the breakout (148.000) then make your move - Bearish profits await!" however I advise placing Sell Stop Orders below the breakout MA or Place Sell limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
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Stop Loss 🛑: Thief SL placed at (150.000) swing Trade Basis Using the 4H period, the recent / swing high or low level.
SL is based on your risk of the trade, lot size and how many multiple orders you have to take.
Target 🎯: 145.000 (or) Escape Before the Target
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📰🗞️Fundamental, Macro, COT Report, Quantitative Analysis, Intermarket Analysis, Sentimental Outlook:
USD/JPY "The Gopher" Forex Market is currently experiencing a Bearish trend in short term, driven by several key factors.
💡Fundamental Analysis
Fundamental analysis evaluates the economic indicators of the United States and Japan, which directly influence the USD/JPY pair.
💡United States Economic Indicators:
GDP growth is forecasted at around 2.0% to 2.5% for 2025, reflecting steady expansion Economic Forecast for the US Economy.
Inflation rate is expected to be around 2.5% to 3.0%, with recent data showing stability United States Inflation Rate.
Interest rates are at 4.50%, with expectations of cuts to around 4.0% to 4.25% by the end of 2025, reflecting a dovish shift United States Fed Funds Interest Rate.
Trade balance shows a deficit of $50 billion in January 2025, a persistent challenge but manageable with strong growth United States Balance of Trade.
💡Japan Economic Indicators:
GDP growth is projected at 1.1% for 2025, with recent Q4 2024 data showing 2.8% annualised growth, indicating recovery Japan's GDP beats forecasts.
Inflation is expected at around 2%, with core inflation robust, driven by wage gains Japan Economic Outlook.
Interest rates are at 0.5%, with expectations to reach 1.0% by the end of 2025, reflecting policy normalization Japan Outlook.
Trade balance shows a deficit, with recent figures at -2759 JPY Billion in January 2025, impacted by import costs Japan Balance of Trade.
The narrowing interest rate differential, with US rates expected to cut and Japan's rates rising, could support JPY strength, though US economic resilience remains a counterforce.
💡Macroeconomics
Macroeconomics encompasses broader economic factors influencing the pair:
Global GDP growth is projected at 3.0% to 3.3% for 2025, according to recent forecasts, with mixed regional performances World Economic Outlook Update.
Commodity prices are expected to decline by 5% in 2025, with energy prices leading the drop, impacting JPY due to Japan's import reliance Commodity Markets Outlook.
Stock markets show mixed performance, with US indices up 5% YTD and Japanese indices showing recovery, supporting risk-sensitive currencies Global Stock Market Performance.
Bond yields are expected to be range-bound, with the US 10-year Treasury yield possibly around 3.5% to 4.5%, suggesting lower USD appeal 2025 Bond Market Outlook.
💡Global Market Analysis
Global economic conditions play a significant role in currency movements:
Geopolitical events, such as potential tensions, could boost JPY as a safe-haven currency, though no major events are currently noted.
Central bank policies are diverging, with the Fed expected to cut rates and the Bank of Japan (BoJ) raising rates, narrowing the interest rate differential Central Bank Policies.
Commodity trends, with declining prices, have a muted direct impact, though energy costs affect Japan's inflation.
Stock market performance, with global indices up, suggests risk-on sentiment, potentially supporting USD over JPY Market Performance Analysis.
💡COT Data and Positioning
COT data provides insights into large trader positions, with recent reports showing:
For USD/JPY futures, large speculators are likely net long, driven by the interest rate differential and stronger US economic outlook JPY Commitments of Traders.
Positioning shows that institutional traders are cautiously optimistic, with some covering shorts as the price approaches support levels.
Key Insight: Long positions in USD/JPY align with economic fundamentals, suggesting bullish sentiment among speculators.
💡Intermarket Analysis
Intermarket relationships influence currency valuation:
USD/JPY is positively correlated with US stock markets; with strong US indices, the USD could benefit from risk-on sentiment Intermarket Analysis.
Gold, trading at $1900 per ounce, slightly up, suggests a weaker USD, supporting JPY strength as a safe-haven Gold Price Trends.
Bond yields, with declining US yields, indicate lower USD appeal, potentially boosting JPY/USD Bond Market Insights.
Key Insight: Positive correlations with US stocks suggest USD strength, while gold and bond yields support JPY, creating a mixed dynamic.
💡Quantitative Analysis
Technical analysis provides insights into price trends:
At 149.000, USD/JPY is near key support at 148.43 (Classic S3), with resistance at 149.02 (Classic R2), based on recent charts USD/JPY Technical Analysis.
Moving averages show a mixed picture, with shorter-term (MA5, MA10) suggesting buy and longer-term (MA50, MA100, MA200) suggesting sell TradingView Analysis.
RSI (Relative Strength Index) is at 45.418, neutral, suggesting potential for a bounce if support holds Technical Indicators Guide.
Key Insight: Technicals suggest a possible downward trend, with sell signals dominating, though support levels could trigger a reversal.
💡Market Sentimental Analysis
Market sentiment reflects trader positioning and expectations:
Recent data shows 62% of forex traders long on USD/JPY, with an average price of 154.6568, contrasting with a downward price movement, creating a bearish indicator Forex Sentiment USDJPY.
Bank forecasts predict USD/JPY dropping to 145.00 by year-end, citing Japan's recovery and expected Fed rate cuts Currency Forecasts.
Key Insight: Mixed sentiment, with retail traders long but institutional forecasts bearish, supporting a downward outlook.
💡Next Trend Move
Combining all factors, the next trend move for USD/JPY is likely downward:
The pair is at a key support level (148.43), and if it breaks, could drop to test lower levels around 145.00.
Potential catalysts include Fed rate cuts and BoJ rate hikes, narrowing the interest rate differential, supporting JPY strength.
Key Insight: The next move favors a downward continuation, with risks of an upward bounce if support holds.
💡Overall Summary Outlook
The USD/JPY pair, at 149.000 on March 4, 2025, exhibits a bearish outlook. Key drivers include the narrowing US-Japan interest rate differential, with US rates expected to cut to 4.0%-4.25% and Japan's rates rising to 1.0% by year-end, alongside Japan's economic recovery (1.1% GDP growth in 2025). Technical indicators suggest sell signals, supported by mixed market sentiment and declining commodity prices. Risks include strong US economic data maintaining USD dominance or global risk-off sentiment boosting USD. However, the prevailing trend points to potential JPY appreciation in the near term.
💡Future Prediction
Trend: Bearish
Details: The pair is likely to see a downward move, testing support at 148.43 and potentially dropping to 145.00 in the next few months, driven by narrowing interest rate differentials and technical sell signals. Risks include stronger-than-expected US data maintaining USD strength, but current indicators suggest a reversal is imminent.
💡Summary of Key Economic Indicators
Indicator United States (2025 Forecast) Japan (2025 Forecast)
GDP Growth 2.0%-2.5% 1.1%
Inflation Rate 2.5%-3.0% ~2%
Interest Rate 4.0%-4.25% (end of year) 1.0% (end of year)
Trade Balance Deficit ($50 billion, Jan 2025) Deficit (-2759 JPY Billion, Jan 2025)
📌Keep in mind that these factors can change rapidly, and it's essential to stay up-to-date with market developments and adjust your analysis accordingly.
⚠️Trading Alert : News Releases and Position Management 📰 🗞️ 🚫🚏
As a reminder, news releases can have a significant impact on market prices and volatility. To minimize potential losses and protect your running positions,
we recommend the following:
Avoid taking new trades during news releases
Use trailing stop-loss orders to protect your running positions and lock in profits
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SWING USD/JPY BUYThis swing trade highlights key points where additional sell orders might be initiated. Stay tuned for updates, as this trade will extend over several days, weeks, or even months.
This analysis relies on the provided image and should not be considered financial advice. Trading carries risks; it is essential to do your own research and seek guidance from a financial advisor before making trading decisions.
USDJPY Will Explode! BUY!
My dear subscribers,
This is my opinion on the USDJPY next move:
The instrument tests an important psychological level 147.65
Bias - Bullish
Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market.
Target - 148.86
My Stop Loss - 147.06
About Used Indicators:
On the subsequent day, trading above the pivot point is thought to indicate ongoing bullish sentiment, while trading below the pivot point indicates bearish sentiment.
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WISH YOU ALL LUCK
#001 Moving Average 0333SGT 13032025lol. I am trying new things again.
It's so tough when you see your positive results getting mixed due to too much action going on.
0334SGT 13032025
2R TP
Under trading is better than overtrading.
Also, only trade when you are already full of natural dopamine such as when you went out to work and feels good due to the good work you done.
You are already filled, you do not need to hope to gain quick doses of dopamine via being right in trading, while dreaming of kicking your bosses or partners ass.
0339SGT 13032025
Entered based on the 15 MInutes Time Frame, I eyeball the SL. Don't be stingy but don't be too generous either.
0342SGT 13032025
USD/JPY Finding Support at Key Fibonacci Level - Will it Hold?USD/JPY pair has been trending lower in a well-defined descending channel, respecting its upper and lower boundaries. Price action recently tested the 61.8% Fibonacci retracement level (146.95), where a mild rebound is now taking shape.
Despite this, the 50-day SMA (152.84) and 200-day SMA (152.01) remain above price, acting as resistance levels should a reversal attempt materialize. The MACD remains in negative territory, confirming bearish momentum, while the RSI at 39.79 suggests the pair is approaching oversold conditions but hasn't confirmed a bullish shift yet.
Key Levels to Watch:
📉 Support: 146.95 (Fib 61.8%), 143.71 (Fib 78.6%)
📈 Resistance: 152.00 (200-day SMA), 152.84 (50-day SMA)
A break above the descending channel could suggest a reversal attempt, while continued rejection at the upper trendline favors further downside.
-MW