Risk Sell USDJPYWith proper risk management, sell this pair now around 155,9. I will be targeting 155.5. It is is a risky trade because of the vast stop loss area but the reward is greater. Let u$ see how it goes.
USDJPY trade ideas
USDJPY Outlook .....USDJPY as mentioned yesterday completed R1 Target. Today from Upper MA (156.06) fall and turned bearish . Above 156.10 reversal pattern .and SL for short calls.
USD/JPY Buy Trade – Targeting 155.59096Pair: USD/JPY 🇺🇸💴
Direction: Long 🔼
Target: 155.59096 🎯
Time Horizon: By Tuesday, Jan 21, 09:00 UTC ⏳
The pair has recently experienced downward pressure but is now showing signs of potential recovery. Market behavior suggests a possible move toward the 155.59096 level, aligning with recent price action patterns and momentum.
This trade is time-sensitive and is expected to reach its target by Tuesday at 09:00 UTC. Broader market conditions, including USD strength and JPY market sentiment, may influence the price movement. Monitoring the price closely for further confirmation of anticipated trends. 🔍
USD/JPY - Short Entry based on Price action MACD and RSI DivThis is going to be my first published trade of 2025. I am going to start with $100 Dollar Account and see how I can grow it with Low Leverage on OANDA. I know this is something people talk a lot about and this can be a very cringe topic. However I am not looking to grow the $100 Dollars over night to $1,000,000.00. I am like the indicators I am using looking to do this over a longer horizon of time.
I am going to start by using Price action plus these 3 Indicators on a regular basis. I Will also be trying to Identify and use Key areas of Support and Resistance. I am still trying to better understand volume profiles so if anyone has any inputs or can help guide me in that direction I am open to discussions.
Thanks for reading.
USDJPY Is Very Bearish! Sell!
Please, check our technical outlook for USDJPY.
Time Frame: 12h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 156.291.
The above-mentioned technicals clearly indicate the dominance of sellers on the market. I recommend shorting the instrument, aiming at 154.540 level.
P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.
Like and subscribe and comment my ideas if you enjoy them!
USD/JPY Elliott Wave: Key Waves & Trade OpportunitiesOANDA:USDJPY USD/JPY Elliott Wave: Key Waves & Trade Opportunities
Elliott Wave Analysis for USD/JPY
Identified Elliott Wave Patterns:
Primary Wave Degree:
Wave 1: Begins at the low around January 9, 2025, and peaks around January 16, 2025.
Wave 2: Corrective wave from January 16, 2025, to January 20, 2025.
Wave 3: Impulsive wave from January 20, 2025, to January 23, 2025.
Wave 4: Corrective wave from January 23, 2025, to the current price level (February 1, 2025).
Wave 5: Expected future impulsive wave from the current price level.
Intermediate Wave Degree:
Wave A: Corrective wave from January 27, 2025, to February 1, 2025.
Wave B: Impulsive wave from February 1, 2025, to February 3, 2025.
Wave C: Corrective wave from February 3, 2025, to February 5, 2025.
Minor Wave Degree:
Wave i: Begins at the low around February 5, 2025, and peaks around February 7, 2025.
Wave ii: Corrective wave from February 7, 2025, to February 9, 2025.
Wave iii: Impulsive wave from February 9, 2025, to February 11, 2025.
Wave iv: Corrective wave from February 11, 2025, to February 13, 2025.
Wave v: Impulsive wave from February 13, 2025, to February 15, 2025.
Potential Future Price Movements:
Based on the identified Elliott Wave patterns, the price is currently in a corrective phase (Wave 4 of the primary degree). The next potential movement could be an impulsive Wave 5, which is typically the strongest and longest wave in the Elliott Wave sequence.
Trade Recommendations:
Long Position:
Entry Point: Around 155.644 (current price level).
Stop-Loss: 154.969 (below the recent low).
Take-Profit: 158.082 (target level based on Fibonacci retracement).
Risk to Reward Ratio: 1:2.
Short Position:
Entry Point: Around 158.082 (Fibonacci 0.618 level).
Stop-Loss: 158.874 (above the recent high).
Take-Profit: 155.644 (current price level).
Risk to Reward Ratio: 1:2.
Specific Price Levels:
Here are the key Fibonacci levels and support/resistance levels:
Fibonacci Levels:
0.382: 156.820
0.5: 156.364
0.618: 155.908
0.705: 155.624
0.786: 155.339
Resistance Levels:
158.082
157.876
157.670
157.464
Support Levels:
156.974
156.774
156.465
156.110
155.654
155.295
155.058
154.841
154.525
USDJPYBank of Japan Governor Kazuo Ueda hinted at a possible rate hike during the Jan. 23-24 meeting, which boosted the yen. Although a 25 basis points rate hike to 0.50% is expected, the BOJ's cautious history leaves traders wary
A rate hike could strengthen the yen but also trigger volatility in the market. Japan's low interest rate policy has long supported growth, so traders will keep a close eye on any developments
How I lost 1R on USDJPY sell!!!Hello this trade happened after my December break!!
I had a triple tap divergence with a clear trendline the only thing that was left was a break and retest which I got. The trendline is not that valid but it guided me through this reversal.
As you can see what has caught me out on this one was the SL hunt which happens abt 30% of the time.
No rate change. And price to jump up to at least $162 FX:USDJPY Not a professional but heres my take. Everyone expects BOJ to raise the rates to 5%. Current prices have adjusted to account for that. It will not fall much further.
I however think there is a possibility that they delay it until the next BOJ meeting on March 18-19.
Given trumps unpredictability and this meeting being 3 days after he is sworn in. They will want to wait to see what his first few weeks in office is like at least.
As such we should see a price jump at least up to $162 or more in the short term.
Bottom Wedge USD/JPY - Which side will we see a breakout from ?
-> Following FX:USDJPY downfall, price almost fell two percent this week.
-> Bottom wedge was identified, which side it will break down to is still to be determined. Either way, an upside breakout can justify a scalp on 5-15 min timeframe a after consecutive bull bars are seem. Looking at the other side of the coin, a downside breakout would lead to a third leg down a indicate that the bear trend is soon halting or reversing.
-> Most importantly, be cautious and patient with such trades, wait for breakout and follow through buying- or selling- to place trade. Remember that USD/JPY is reversing with a strong Yen and odds favour bears, as seen with bear flag on this 4h chart:
Will the bear flag will get a secong leg and gain downside momentum?, or will we have a failed trading range breakout with a short term reversal around the 156.000 area is still to be determined.
B setup
Peace
USDJPY💡The chart shows technical analysis of the USD/JPY currency pair on the H4 time frame. Broken Structure: After several tests of the support area, the price clearly broke the structure and support. This indicates a change in trend and possibly the beginning of a downtrend. After breaking the support area, the price may move down. A retest of the broken area can occur before subsidence resumes.
MACD indicator It shows a decrease in momentum over time, which supports the idea of a weak uptrend before breaking support.
⛔It is not investment advice for educational purposes only.
We are buying the dollar again with high risk - retail sales Technically, the price has lost important support and there is a high possibility of a fall, but fundamentally, the dollar is still strong and can climb to higher levels.
Sell Analysis: USD/JPYI placed this pending sell order earlier (apologies for the late update). The pair formed a rising wedge pattern, signaling potential bearish momentum. A break below the trendline confirmed entry. My short target aligns with key support levels: 157.169 and 156.506.
Fundamentals:
The USD/JPY's recent downside is influenced by a weaker USD due to dovish Fed sentiment and safe-haven flows favoring the JPY amidst global economic uncertainties.
USDJPY Short on Regression BreakUSD/JPY has broken the uptrend regression channel and is now net short.
US$ is turning across a number of pairs, however volatility is due to arrive on the 20th with the start of Trump Presidency
Yen leads the way as currencies recoverThe US dollar is lower across the board, taking hits from news of a less aggressive Trump tariff plan and softer US producer prices.
The Yen has found additional demand after the Bank of Japan Governor made hawkish comments, leaving the door open for another BOJ rate hike as early as this month.
In the UK, softer inflation data prevented the pound from extending its recent recovery rally, though overall setbacks were well supported. The rise in UK house prices at their fastest pace since February 2023 may have also provided some offset.
Looking ahead, we could see significant volatility in the North American session with the highlight economic release being US CPI. Other notable events include Canada manufacturing sales, New York Empire manufacturing, the Fed Beige Book, and some Fed speak.
USDJPYON DAILY TF the daily structure of USDJPY is currently showing a bullish trend, but it looks like yen will make a bearish turn after the breakout of the ascending bullish channel.
Bank of japan monetary policy could see yen strengthens against dollar
The USDJPY pair is highly sensitive to interest rate decisions and economic indicators.
Traders should keep an eye on the Bank of Japan's monetary policy and the US Federal Reserve's interest rate decisions.
The pair's movement can also be influenced by global economic events, such as trade tensions and geopolitical developments.
Bearish Momentum ExpectedPrice rejected from 158.409, forming a potential downward setup. The target near the 151.746 support, the risk-to-reward ratio is favorable at 3.15.
Confirmation of bearish momentum may drive price toward the lower support, aligning with the RSI showing a loss of bullish strength.
Keep an eye on the 156.108 support as an intermediate level before the final target. Trade cautiously! 🚀
SCALPING USDJPY FOLLOW THE TRIPLE TOP PATTERNSmy idea for USDJPY. 30min on 13/01/2025
can this pair goin down to hit 156.500?
please discuss about this thing, comment on below
USD/JPY short There is divergency generated in MACD and stoch has dead crossing in 4 hours time frame.
Similar, other JPY pairs are also showing some divergency patterns.
Short JPY pairs.
