USDJPY 1115 PIPS ON SHORTSThis week will be a very slow as we make our way into the weekly fvg gap if formed , broken below 50% of our last true support candle and formed order block now we wait for retracement
USDJPY trade ideas
Will USD/JPY Correct After Hitting Key Resistance?After analyzing multiple charts, the USDJPY chart reveals a potential correction as the price encounters resistance at a broken weekly trendline, now serving as a key supply zone. The steep uptrend appears overextended, increasing the likelihood of a retracement as the market consolidates gains. A breakdown of the rising support trendline could signal a shift toward bearish sentiment, with Fibonacci retracement levels offering critical targets for the correction.
Key Levels to Watch:
• 38.2% Retracement: 154.377
• 50.0% Retracement: 153.281
• 61.8% Retracement: 152.185
Stay sharp and trade smart as we head into the new year! 🎉
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! 🚀
Fundamental Market Analysis for February 24, 2025 USDJPYThe Japanese yen (JPY) continued to strengthen against its U.S. counterpart last week and pushed the USD/JPY pair down to 149.000, its lowest level since early December, during Monday's Asian session. Japan's strong Consumer Price Index (CPI) released on Friday complemented last week's encouraging Q4 Gross Domestic Product (GDP) growth report. This, along with expectations that solid wage growth will drive consumer spending, suggests that the Bank of Japan (BoJ) may raise interest rates more aggressively than originally anticipated and continues to support the Japanese Yen.
In addition, the emergence of new US Dollar (USD) selling is favorable for the JPY and has contributed to the USD/JPY pair declining for the fourth consecutive day, marking the seventh day of negative movement in the last eight. Meanwhile, Bank of Japan Governor Kazuo Ueda showed willingness to increase government bond purchases if long-term interest rates rise sharply. This in turn led to a further decline in Japanese government bond (JGB) yields from the multi-year peak reached last week, which triggered some intraday JPY selling and helped the currency pair bounce more than 50 pips from the daily low.
Trading recommendation: SELL 149.200, SL 149.800, TP 148.300
USD/JPYSell after bearish candle stick pattern, buy after bullish candle stick pattern....
Best bullish pattern , engulfing candle or green hammer
Best bearish pattern , engulfing candle or red shooting star
NOTE: IF YOU CAN'T SEE ANY OF TOP PATTERN IN THE ZONE DO NOT ENTER
Stop lost before pattern
R/R %1/%3
Trade in 5 Min Timeframe, use signals for scalping
Price Action Analysis: Key Levels and Future ScenariosAfter analyzing multiple timeframes, we can see that the price managed to rise to 150.738 on Friday, 21st of February. However, after encountering resistance, it reversed and broke the support level at 149.568.
Additionally, the price has been trading within a channel since Monday, 23rd of December 2024, consistently respecting the lower boundary of the channel four times in the past. The previous support at 149.568 has now turned into a resistance level.
Given the price’s historical respect for the channel, we expect it to follow the same pattern. If the price breaks above the fresh resistance at 149.568, the next target will be 152.000. On the other hand, if the price fails to break this resistance, the next support level lies at 147.208.
For the long run, ensure you follow proper risk management strategies. Happy trading!
Sell USDJPYDXY seems to be in a bearish trend. And so USDJPY also seems to be bearish. There is imbalance. Price is tapping into that zone. We're expecting price to further go downwards.
Entry: 149.351
TP: 147.340
SL: 150.801
USDJPY. The price is at a key level – shorts might be relevant!Hey traders and investors!
An interesting situation in the currency pair.
The price has returned below the upper boundary of the range at 149.4. Is all the traded volume above this level fueling further price decline? There is a lot of volume up there...
We are watching how the price interacts with 148.644. A breakout of this level by sellers and its defense would be a strong signal to look for selling opportunities.
Potential target: 142-139.
I wish you profitable trades!
usdjpy short pozisyonAccording to the wave structure, I expect a short continuation. Upsides that may go a little sideways will give you a short opportunity
USD/JPY H4 Possible Breakdown – Bearish Momentum Building!USD/JPY possible break below key support on the H4 timeframe, signaling potential bearish momentum. Price action shows a clean rejection at resistance, followed by a strong bearish candle confirming the breakout.
Key Levels:
🔸 Support turned resistance at 149.270
Trade Plan:
🔻 Short below 149.040
🎯 Target 1: 147.190
🛑 SL above 149.630
USDJPY - Bears in action! Hello everyone! The USD/JPY pair failed to hold above the support level of 155.00, which suggests an increase in dollar selling within this pair. Our target is 151.50–152.00, with a possible further decline toward the key support level of 150.00.
USD/JPY: Support Break and Potential Continued Decline?Hello all!
The USD/JPY pair has broken the 154 support level and is heading toward the next support zone around 150-152. However, this support level doesn’t seem significant, and with U.S. labor market data coming out on Friday, we might see continued downward movement.
📉 Main support level: 149-149.50, where we expect the week to close.
We’re keeping an eye on developments and preparing for potential moves within these zones!
#USDJPY #Forex #Trading #TechnicalAnalysis #Finance
USSJPY Breakdown the decsending channelUSD/JPY Breakdown Alert – Sell Opportunity
1. The USD/JPY pair has broken down from the descending channel, signaling a strong bearish move.
2. Prior to this, the price had already broken the trendline, further confirming downside momentum.
3. After the trendline breakdown, the pair consolidated before making another bearish move.
4. The breakdown of the descending channel now provides a fresh selling opportunity.
5. The recommended sell entry level is 150.600, based on current price action.
6. Target Level 1 is set at 148.660, marking the first key support zone.
7. Target Level 2 is set at 146.370, aligning with the next major support level.
8. The EMA 50 on the 4-hour timeframe supports the bearish outlook.
9. Price is currently trading below the EMA 50, confirming the downtrend continuation.
10. A sustained move below 150.600 will increase selling pressure.
11. The bearish structure remains intact unless price reclaims 150.600.
12. A stop-loss can be placed above 151.200 to manage risk effectively.
13. The recent price action shows lower highs and lower lows, reinforcing the bearish bias.
14. If the pair fails to hold 148.660, it could accelerate toward 146.370.
15. The descending channel breakdown indicates a shift in market sentiment.
16. Fundamental factors, such as U.S. economic data, may further influence movement.
17. Traders should monitor volume levels for confirmation of the sell-off.
18. RSI and MACD may provide additional confirmation of bearish momentum.
19. Patience and proper risk management are key while executing this trade.
20. Stay updated with market developments to adjust trading strategy accordingly.
usdjpy overall outlookthe pair fell lower than my previous analysis and affected a lot of my swing positions but i believe we have found a level on which to rally and get the next swing high. i used Fibonacci retracement tool to determine my sell entry and my optimal buy model will be formed as price hits the sell target
USDJPY - SELL - 75% Lower Probability Estimate for USD/JPY to Move Lower
Given the current strong bearish sentiment on USD and JPY
USD/JPY lower: 70%
Factors Supporting the 70% Probability of a Drop
COT Commercials Traders are what drives the market to a large degree and are usually correct in the Medium to long term.
They are heavily short USD and Closing shorts in JPY.
Reversal signals in JPY suggest commercial traders expect JPY strength ahead.
USD long interest is dropping, meaning fewer buyers to support the pair.
"Leaning now days towards Dollar Cost Averaging as this can be a better strategy if price reverses, as long as you keep the initial entry lot size low compared to your total Account.
Many traders use better Semi automated or Fully Automated management position trading tools these days."
Better than an getting Stopped Out Stop Hunted all the time no matter how good u are unless u have a massive account like the Hedge Funds and have Massive Stops and Take Profits we are the meat in the middle, their lunch, just like the Pacman Video Game we just get munched up.
: )
UJ sell ideaAhead of Friday's expected BOJ rate hike (0.25% to 0.50%), USDJPY is at a critical juncture.
Technical Insights:
1. Price found support on the 50-day moving average.
2. Lower time frames indicate a bearish bias, following the break of the ascending trend line on the 4-hour chart.
Trade Plan:
1. Waiting for price reaction between the 50% and 78.6% Fibonacci retracement levels.
2. Aiming to sell on a confirmed bearish setup within this zone.
3. Alternative sell opportunity: Daily supply zone.
Key Levels to Watch:
- 50% and 78.6% Fibonacci retracement levels
- Daily supply zone
PS: This analysis is for educational purposes only and should not be considered financial advice so remember to always practice good risk management.
#USDJPY Buy Setup🔼#USDJPY Buy Setup
Currently Trading At 149.588 , Buy On Dip At 149.158 and Buy More At 148.105 If Come For The Target 152.937—156.971
USDJPY solid A+ setupfull margin trade, no doubt about it
previous USDJPY short was a TP hit
if price will fall deeper than i would expand my fibonacci
USD/JPY Selling Opportunity🔽 USD/JPY Selling Opportunity 🔽
📌 Take Profit 1: 148.96
📌 Take Profit 2: 148.38
📌 Stop Loss: Above 150.35
💡Reasoning:
The USD/JPY pair has recently shown signs of weakness, with a potential reversal forming after hitting resistance around the 150.35 area. With key technical indicators suggesting a bearish momentum, we are anticipating a move down towards the support levels at 148.96 and 148.38. The risk of further upside seems limited unless we see a break above 150.35.
Make sure to manage your risk and trade carefully. Stay updated for more insights!
USD/JPY 1-hour timeframe with technical analysis applied.1. Downtrend Confirmation: The price has been declining after reaching a peak (marked by a red arrow and yellow circle), suggesting a strong resistance level.
2. Trendlines and Channels:
The black and red trendlines represent resistance levels.
The blue and green trendlines indicate possible support zones.
The price has been moving within a descending channel.
3. Current Price Level: USD/JPY is at 150.021, continuing the downtrend.
4. Possible Scenarios:
If the price breaks below the lower trendline, further downside movement could occur.
A breakout above the black/red resistance trendline might indicate a bullish reversal.
5. Resistance at 155.203: If the price recovers, the 155.203 level could act as a major resistance.
This analysis suggests that USD/JPY is in a bearish phase unless a breakout occurs. Would you like help formulating a trade idea based on this?
XAU/USD BUY $$$OANDA:XAUUSD
Gold is bullish on all time frames, but I have two scenarios in mind:
First: It will continue its trend after hitting the order block area.
Second: It will continue its trend after taking liquidity from the Asian floor.
Will the Japanese Yen Continue to Strengthen?On Thursday, the Japanese Yen soared to a two-month high as investors increased their bets, that the Bank of Japan would raise interest rates again later in the year. Meanwhile, the market remains jittery over concerns surrounding new tariff threats from U.S President Donald Trump.
BOJ Governor Kazuo Ueda mentioned that he had a routine meeting with Japanese Prime Minister Shigeru Ishiba to discuss the economy and financial markets, but the recent rise in long-term interest rates was not mentioned. Nevertheless, investors are already expecting a sooner-than-expected rate hike. This view has been bolstered again by domestic data suggesting that further policy tightening might be feasible.
From a technical analysis perspective, the MARKETSCOM:USDJPY pair has been in a bullish trend since mid-September, characterized by higher highs and higher lows. However, bearish momentum has regained control since mid-January, pushing the price downward within a descending channel, as indicated by lower highs and lower lows.
Currently, the price has broken below the support zone with significant bearish momentum. However, it is crucial to wait for the daily candle to close. If the daily candlestick manages to close within the support zone, it indicates that the support zone is respected, potentially allowing bullish momentum to regain control and drive the price upward. Conversely, if the daily candlestick fully breaks and closes below this support zone, the price is likely to move lower.
