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USDJPY.P trade ideas

USD/JPY eyes break of 150 and 200-day MA retestThe recovery from 140 has been nothing short of impressive. The daily RSI is confirming the rising prices on the daily chart, and momentum suggests USD/JPY wants to head for the 200-day MA around the 151 handle. There are some concerns that that inflation could pick up due to the hot NFP report, so we may find that pre-emptive bets prompt a break of the August high to bring 150 into focus. Even if prices retrace lower first, dips are preferred and the bias is for an eventual move to 151.
Long
by CityIndex
Yen Ain't Seen Nothin' Yet: USD on the Climb!Alright y’all, let’s get into the USD/JPY analysis. As you can see, we’re currently sitting at around the 149.30 level after testing the daily resistance near 149.30 (marked by the white horizontal line). Looking back on the higher timeframe (the daily chart), the price has been trending up recently, respecting that yellow 21-period EMA, which shows us the bulls are still in control. Now, peep this: the weekly resistance sits at 150.81, so if we get enough bullish momentum, that’s the next target to look out for. On the flip side, we have a couple of support levels to consider on the downside, with the daily support around 147.93 and another at 147.28. These zones can act as our entry points if the price pulls back for a retest. What I’m eyeing here is a potential break above the daily resistance, and if that happens, it’ll be a solid signal to go long towards the weekly resistance at 150.81, and maybe even 151.75 if we get that extra push. But, if price breaks below the trendline and pulls back toward support around 147.93, we might see a reversal. Keep those levels tight and watch for confirmations before jumping in! Let’s see how this plays out. Always remember to manage your risk!
by SheenaL
BUY USDJPY uptrend continuation STOP LOSS : 148.308BUY USDJPY uptrend continuation STOP LOSS : 148.308 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here
Long
by BALE_FX
Trade Recap: USDJPY - LONG, 09/10/2024UJ Bias Analysis: Price had begun distributing higher on the 4H & 1H TF's following a pullback into the 4H, 1-sided Fair Value Gap, so Resistance entries were in consideration given we were pulling back higher into premium on the 1D TF. I opted for the conservative entry after a 15M TBL sweep into a 15M Breaker Block once entry confirmation was received. Grade: High Quality Valid What I did well or could've done better: - I Forecasted multiple possible entry points and opted for a conservative but riskier entry from a shallow protraction point which ended up being where price distributed from.
Long
by The_Modern_Day_Trader
USDJPY / TRADING ABOVE DEMAND ZONE AND FVG / 4HUSDJPY / 4H TIME FRAME HELLO TRADERS Current Price Action , Prices are currently trading below the supply zone between 148.623 and 149.360 , The next target seems to be the demand zone (A) between 147.164 and 146.062. Potential Outcomes , If prices reach the demand zone (A) and hold above it, a bullish reversal may occur, potentially pushing prices back toward the supply zone ,If prices break below demand zone (A), they may drop to the Fair Value Gap (FVG) zone (B) between 145.321 and 144.268. Further Movements , If prices stabilize below zone (B), the next targets would be zone (C) around 142.817 and further down to 141.801 , Conversely, if prices stabilize above demand zone (A), it indicates potential upward momentum, aiming back toward supply zone 148.623 to 149.360. Supply Zone : 148.623 and 149.360. Demand Zone : 147.164 and 146.062 , 142.817 and 141.801. FVG :145.321 and 144.268.
Long
by ArinaKarayi
USDJPY - 4hrs ( Buy Trade Target Range 360 PIP ) 🟢 Pair Name : USD/JPY Time Frame : 4hrs Chart / Close Scale Type : Large Scale ------ spreading knowledge among us and to clarify the most importan+t points of entry, exit and entry with more than 5 reasons We seek to spread understanding rather than make money 🟢 Key Technical / Direction ( Long / ) Type : Mid Term Swing ——————————— Bullish Break 148.850 Area Reasons - Major Turn level - Visible Range lvn - Channel Break - Counter Trend Line - Week High Bearish Reversal 153.850 Area Reasons - Major Turn level / D - Visible Range Hvn - Fibo Golden - Year High Area - Choch / Inner
Long
by GoldenEngine
USDJPY: Bullish Move After BreakoutThe USDJPY chart shows that the price has successfully broken above a key horizontal resistance level and closed above it on a shorter-term chart. After this breakout, the price experienced a corrective movement on the 4-hour chart, creating a bullish flag pattern. With the start of the New York trading session, the market broke through its resistance level, suggesting a strong potential for further gains. The target price to monitor is 149.37.
Long
by NovaFX23
5
Will the revealed labor data continue to support USDJPY?Macro theme: - The latest Sep NFP, Unemployment Rate, and Average Hourly Earnings have all surpassed market expectations. As a result, the CME FedWatch Tool shows that the 32% probability of a 0.50% rate cut in November has been eliminated, shifting the odds toward a likely rate freeze instead. - Japan's newly appointed economic minister expressed support for further interest rate hikes as long as they do not destabilize the economy or markets, signalling confidence in the BoJ's approach. - The yen's outlook remains uncertain, influenced by the robust US labor market and ambiguity surrounding the BoJ's potential rate hikes. Technical theme: - USDJPY quickly recovered from the previous downtrend and closed above both EMAs, indicating a solid upward momentum. - If USDJPY extends its gain to close above 149.25, USDJPY may retest the resistance around 152.00. - On the contrary, a failure to close above 149.25 may prompt a temporary correction within 147.30-149.25 until an apparent breakout occurs. Analysis by: Dat Tong, Senior Financial Markets Strategist at Exness
Long
by DatTong