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JPYUSD trade ideas

Trade Recaps: GBPJPY-SHORT, EURUSD-SHORT, 28/11/2024GJ Bias Analysis: The bearish pro-trend was clear with price trading lower from a premium. After printing the weekly low and beginning to correct higher, price mitigated the 50% equilibrium during New York Killzone where I waited for further confirmation by way of a LTF TBL sweep before executing a short position. EU Bias Analysis: The 4H had established a counter trend as price pulled back into the 1D OB and while short entries were not in line with the bullish range, IPDA was clear. Liquidity was being generated to the upside as price corrected and after a TBL sweep to the upside during New York killzone, a short entry was executed. Grade: - UJ: High Risk - EU: Low Risk
Short
by The_Modern_Day_Trader
#1 USD/JPY Technical Analysis 11/24Analysis based on my own SMC Version. 1. In Daily Time price , Bulls still in charge. Price Already create Choch + BOS as part of bullish continuation sign in 4H TF. 2. Price manage to break through 0.5 1D Equilibirium fibo area, and break nearby supply, suggesting price might still have chance to retest Previous High in Daily/Weekly basis (Latest Sell OB) 3. In 4H TF, Price create a solid typical Bullish price action , where impuls create bos- retest on demand- impulse -> bos. 4. As the current we can see price is in 4H FVG and create 15 m Choch + Bullish Engulf on 4H TF. This give confirmation to continue trading buy 5. Open Price buy with target nearest High Liquidity at 155.229, stop loss at 154.09 (Adjust to your preference The trade can be considered as High risk because overall price is in Daily Previous Bearish Choch. Usually price react to some degree in respons to Choch area. Regardless on safe side Price might revisit 4h Demand area at 152.120-153.3 area. Find Lower TF Confirmation such as Dominant breakbuy/ Choch etc before entry in the area This optimize entry point and better RR compared to trade above which is more high risk
Long
by erickwang18
POTENTIAL TRADE FOR USD/JPYUSD/JPY 30M - This market has recently shown signs of reversing as it has begun to trade us to the upside, breaking structure along the way. As we know a break in structure tells us that the trend usually is reversing. In order for us to get involved in this market we want to get in on the best price, the best price would be where price pulls-back to set its first higher low. This allows us to get a really refined entry. Once price trades us down and into this area we want to see price break structure to the upside again but this time more fractally, this will alert us that the corrective wave trading us down and into the zone has finished and the new impulsive wave is ready to be printed. I will be holding fire, waiting patiently for price to trade into the relevant zone and deliver us with the right entry confirmation before we look to take part in this market, any questions drop me a message or comment below.
Long
by Lukegforex
Technical Breakdown, What's Next for the Pair?OANDA:USDJPY - 1 Hour Chart Current Price: 154.281 Upon analysing the 1-hour chart, we observe that the price has recently rejected a strong resistance level and is now trading below Resistance (R2) at 154.688. The RSI is currently at 31.83, which is below the neutral 50 mark, indicating weak momentum. Given the strong resistance at R2 and the weak RSI, we anticipate a potential decline towards the S1 support level at 153.125. Although there is strong support at S1, a price pullback or consolidation around this area is possible. However, due to the weak RSI and the fact that other USD-related currencies are in an extreme oversold condition, we expect the price to break through S1 and potentially test the S2 support level at 151.563. A further decline could eventually bring the price to the 150 psychological level. On the other hand, if the price manages to break above R2, we could see a move towards 156.250. Key Levels: R1: 156.250 R2: 154.688 S1: 153.125 S2: 151.563 psychological level: 150.000 Reminder for traders: Always follow your risk management rules. Ensure you’re using appropriate stop-loss levels and position sizing for your trades. Market conditions can change quickly, and staying disciplined is key to long-term success. Good luck with your trades!
Short
by SpicyPips
1
USDJPY Sellers In Panic! BUY! My dear friends, Please, find my technical outlook for USDJPY below: The price is coiling around a solid key level - 151.53 Bias - Bullish Technical Indicators: Pivot Points Low anticipates a potential price reversal. Super trend shows a clear buy, giving a perfect indicators' convergence. Goal - 152.80 Safe Stop Loss - 150.68 About Used Indicators: The pivot point itself is simply the average of the high, low and closing prices from the previous trading day. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
3
Yen rally fizzles, Tokyo Core CPI expected to riseThe Japanese yen is lower on Thursday, after climbing 2.4% over the past two trading sessions. In the European session, USD/JPY is trading at 151.83, up 0.57% on the day. On the data calendar, Japan releases Tokyo Core CPI. In the US, the financial markets are closed for the Thanksgiving holiday and there are no US events. Tokyo Core CPI, a leading indicator of nationwide inflation trends, will be released on Friday. The market estimate for November stands at 2.1% y/y, following a 1.8% gain in October, which was the lowest level since April. The headline rate is expected to rise from 1.8% to 1.9%. October inflation numbers have been mixed. The Bank of Japan Core CPI index surprised on the downside with a 1.5% gain, down from 1.7% in September. However, services inflation inched up to 2.9%, up from 2.8% in September and above the forecast of 2.5%. If the Tokyo inflation release accelerates as expected, it will likely raise expectations of a rate hike from the Bank of Japan at the Dec. 19 meeting. Inflation isn’t the only item on the minds of BoJ policymakers. There is significant political uncertainty both at home and abroad. Prime Minister Ishiba lost his majority in parliament in the October election and needs opposition support to pass a supplementary budget. In the US, President-elect Trump is threatening to slap tariffs on its trading partners, which could have massive negative implications for Japan’s auto industry, a key sector of the economy. On Wednesday, US GDP (second estimate) confirmed the initial estimate gain of 2.8% for the third quarter. This indicates solid economic growth, which has been helped by strong consumer spending. The worries about a recession have subsided and the Fed has signaled that it plans to gradually continue trimming interest rates. USD/JPY is testing resistance at 151.60. Above, there is resistance at 152.75 149.97 and 148.82 are the next support levels
by OANDA
ould the price reverse from here?USD/JPY is rising towards the pivot which has been identified as a pullback resistance and could drop to the 1st support that lines up with the 138.2% Fibonacci extension. Pivot: 152.29 1st Support: 150.61 1st Resistance: 153.27 Risk Warning: Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary. Disclaimer: The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Short
by ICmarkets
USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Dollar USDJPY Daily Analysis: Slight Bearish Bias Expected Amid Dollar Weakness and Yen Strength 28/11/2024 Introduction The USDJPY pair is poised for a slight bearish bias today, driven by continued weakness in the U.S. dollar and growing demand for the Japanese yen (JPY). Factors such as falling U.S. Treasury yields, dovish Federal Reserve expectations, and geopolitical uncertainties favor the yen’s appreciation against the greenback. This analysis outlines the fundamental and technical factors shaping the USDJPY outlook for the day. --- Key Drivers Influencing USDJPY 1. Weak U.S. Dollar The U.S. dollar is under pressure as market participants price in a prolonged pause in Federal Reserve rate hikes. Recent U.S. economic data, including a decline in durable goods orders and consumer sentiment, reinforces the dovish tone, limiting the dollar’s strength against the yen. 2. Japanese Yen Safe-Haven Appeal The Japanese yen benefits from its status as a safe-haven currency amid lingering global economic uncertainties. Investors seeking stability are increasing their exposure to the yen, further driving USDJPY lower. 3. Declining U.S. Treasury Yields U.S. Treasury yields continue to trend lower, reflecting reduced market expectations for future rate hikes. The 10-year yield, in particular, has fallen to multi-week lows, diminishing the attractiveness of the dollar in yield-sensitive currency pairs like USDJPY. 4. Japan’s Stable Monetary Policy Outlook While the Bank of Japan (BoJ) maintains its ultra-loose monetary policy, steady domestic inflation data and a resilient labor market lend implicit support to the yen, providing a counterbalance to the dollar’s weakness. --- Technical Analysis Moving Averages and RSI USDJPY is trading below its 50-day moving average, indicating a bearish trend. The Relative Strength Index (RSI) is near neutral levels but trending downward, suggesting potential for further downside. MACD and Key Levels The MACD indicator remains in bearish territory, pointing to sustained selling pressure. Immediate support is seen at 147.20, with a break below potentially opening the door to the 146.50 level. Resistance is located at 148.50, which could cap any short-term rebounds. --- Conclusion The USDJPY pair is expected to exhibit a slight bearish bias today, influenced by a weaker U.S. dollar, stronger demand for the Japanese yen, and falling Treasury yields. Traders should monitor key economic releases and shifts in risk sentiment, which could impact intraday movements. --- SEO Tags: - #USDJPYforecast - #USDJPYanalysis - #USDJPYtechnicalanalysis - #ForexTradingUSDJPY - #JapaneseYenOutlook - #USDWeakness - #USDJPYtoday - #ForexMarketAnalysis - #USDJPYprediction
Short
by PERFECT_MFG
USDJPY H4 | Falling from a pullback?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 152.23, which is a pullback resistance close to 38.2% Fibonacci retracement. Our take profit will be at 150.32, an overlap support close to 161.8% Fibo extension The stop loss will be at 153.40, a pullback resistance level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Short
by FXCM
1
Fundamentals/Macros Analysis- Possible Short to 140 in 4-6 weeksWhether or not we see BOJ rate hikes in mid-December, I think this pair is due for more correction. In late 2023 we saw the pair down around the 140 level. USDJPY performance closely follows 2, 5, 10 year US bond yields. Following the fed's rate decreases in fall of 2024, bond yield rates are falling again and this pair will follow. Don't forget the BOJ hasn't put rate hikes off the table, but I don't expect to see anything from BOJ unless we see a serious push to 160 before mid-December. I'm keeping an eye out for more data and a good entry, but I think a short position with a target of 140 is quite reasonable within the next 4-6 weeks. We have a good level of support there at 140. I'd like to hear thoughts on the factors I described impacting this currency pair. I'm not ready to make a position yet, but I think we're looking good for a setup to a short. As always, the best time was a few months ago back at 160! ;)
by hotelintherain
1
Talk of month end US Dollar selling | FX ResearchWe're seeing more "sell the fact" action on the Trump trade and hearing a lot of talk about month-end dollar outflows. This seems to be factoring into price action today, with the dollar down across the board. Dollar weakness has been especially prominent against the yen, where speculation of a December BOJ rate hike is ramping up. The euro has also gained relative strength, supported by more hawkish comments from ECB's Schnabel. Earlier today, the RBNZ announced its well-telegraphed 50 basis point rate cut. Looking ahead, a lot of U.S. economic data is set to be released today, as it will all be packed in before U.S. market participants leave their desks for the Thanksgiving holiday break. Key standouts include initial jobless claims, durable goods, GDP, personal income and spending, core PCE, Chicago PMI, and pending home sales. Exclusive FX research from LMAX Group Market Strategist, Joel Kruger
by BlackBull_Markets
Supercycle or Collapse? Here's What's Next for USD/JPYTrading Idea Breakdown for USD/JPY (12M Timeframe) Key Structure Levels: Current Price Zone: 147.67 Major Resistance Levels: 358.44 (Wave 5 Target/Range High): This represents the completion of the supercycle. 179.22 (12M Resistance Line): Significant midpoint equilibrium. 161.99 (Discount Zone - Wave 3-4 Pullback): Zone to watch for price re-accumulation. Major Support Levels: 79.76-75.56 (Premium Support Zone): Base level for potential bullish accumulation if deeper pullback occurs. 118.75 (Equilibrium): Midpoint structure acting as current support. 0.00 (Cycle Bottom): Historical demand zone. Key Elements of Wyckoff Analysis: Phase Accumulation (1970-2012): SC (Selling Climax) and AR (Automatic Rally) confirmed the range low (80.00 zone). ST (Secondary Test) in Phase B showed consolidation preparing for markup. Current Context - Re-Accumulation Range (2022-Present): LPS (Last Point of Support) around 118.75 signals continued bullishness, aligning with Phase B support. Wyckoff logic suggests price could aim for Phase D breakout and extend toward 358.44. Elliott Wave Perspective: Wave 1: Strong impulse ending near 120.00. Wave 2: Corrective move down to 75.56, testing accumulation. Wave 3: Extended impulse projected toward 301.03 (1.61 Fibonacci extension of Wave 1). Wave 4: Potential pullback to 161.99, aligning with equilibrium. Wave 5: Final target near 358.44, completing the supercycle. Trading Plan: Entry Strategy: Look for pullback entries near 161.99 (Discount zone) or 118.75 (Equilibrium zone) if further corrective movements occur. Take Profit Targets: TP1: 179.22 (Range equilibrium midpoint of resistance). TP2: 301.03 (Wave 3 Fibonacci target zone). TP3: 358.44 (Wave 5 cycle completion target). Stop-Loss Placement: SL1: Below 118.75 (Equilibrium) if targeting mid-term bullish continuation. SL2: Below 75.56 for aggressive buyers targeting the supercycle. Potential Bias and Commentary: Bullish Scenario: Momentum remains strong; the re-accumulation range suggests further upside potential aligning with Wyckoff's markup phase. Bearish Risk: If price breaks below 118.75, a re-test of the premium zone (75.56) might occur before resuming long-term bullish trends.
Long
by spaceangel
3