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USDJPY trade ideas

USDJPY - Key Levels to WatchThe USD/JPY pair is showing an interesting setup on the 4-hour chart—here's what to watch: 🔹 1️⃣ Ascending Channel in Play: The pair is trending within a bullish channel, signaling an overall upward momentum. Traders should keep an eye on this structure for potential opportunities. 🔹 2️⃣ Support Zone Under Test: Price action is near the critical blue-shaded support area at 149.815. This level has historically held as a strong rebound zone. Buyer activity here could determine the next move! 🔹 3️⃣ Potential Scenarios: Bullish Case: A strong bounce from the support zone could propel the price higher, maintaining the channel's bullish trend. Bearish Case: A failure to hold the support level may lead to further declines, possibly testing the lower boundary of the channel. Insights for Traders: Patience is key—monitor the 149.815 zone for signals before committing to a trade. The combination of price patterns and volume data will provide clarity.
Long
by XTDB
USDJPY Week 14 29032025Our point of reference is what the market has provided. The pair was supplied from price 158.750 on 10-01-2025 making that price level our resistance. Price failed to push below 146.750 on 11-03-2025 and this will serve as a demand price. Price has retraced to 38% of the bearish move. Therefore in the short term, the pair is bullish. The market can play out the following scenarios. It can be complete bullishness that completes the retracement or It can be 61% retracement or The move can void the retracement bias and the main move becomes bullish And long term is bearish. So if you want to buy, you can entry price 150 (buy stop) take profit 152.5 stop loss 149.25 lot size 0.01 For those of us who wants to sell, we let the bulls run out entry price 146.750 (sell stop) take profit 140 stop loss 150 lot size 0.01 Disclaimer: Not a trading advice, practice on demo account from your broker If you like my post give it boost so that others can find it. If you disagree with my bias, leave a comment and let's chat
Short
by topekekere
USDJPY SHORT Same setup from previous week, Price respected structure, going to look for an opportunity again Market structure bearish DW Entry at both Weekly and Daily Weekly Rejection at AOi Previous Weekly Structure Point Daily Rejection at AOi Previous Structure point Daily Around Psychological Level 149.000 H4 Candlestick rejection Levels 9.99 Entry 95% REMEMBER : Trading is a Game Of Probability : Manage Your Risk : Be Patient : Every Moment Is Unique : Rinse, Wash, Repeat! : Christ is King.
Short
by mobbie_zw
USD/JPY 4H – Bearish Setup Forming?The pair is rejecting a major supply zone, signaling potential downside movement. A liquidity sweep paired with imbalance zone may have fueled this reversal, and price is now testing lower levels. 📊 Key Observations: ✔ Supply Zone Rejection: Price reacted strongly from the 151.200–151.500 zone. ✔ Liquidity Grab ($$$): Stops above the highs may have been taken before the sell-off. ✔ Imbalance (IMB) & Demand Zone: The 147.600–147.800 area remains untested and could act as a target. 🔎 Trade Idea: A short position could be considered upon a retracement into the smaller supply zone (150.600–150.900), targeting the demand zone below.
Short
by Marshall-FX
USDJPY Bullish OutlookHere is my analysis for USDJPY for the coming weeks. Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Running Flat pattern and may react from that Buy zone area. Another scenario, price may be forming an Expanding Flat pattern or may go lower between 0.786-0.618 area before price reacts towards the upside. Once the price reacts on the Buy zone, it will be expected to impulsively towards the Sell zone area or Higher time frame 0.618-0.500 or Golden ratio. From there, we might be expecting a long-term Bearish Outlook.
Long
by TheDarkHorse93
USD/JPY BULLS ARE GAINING STRENGTH|LONG Hello, Friends! Previous week’s red candle means that for us the USD/JPY pair is in the downtrend. And the current movement leg was also down but the support line will be hit soon and lower BB band proximity will signal an oversold condition so we will go for a counter-trend long trade with the target being at 150.465. 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 COMMENT MY IDEAS✅
Long
by EliteTradingSignals
1
ShortYesterday, I opened a short position during the Asian session and published my trade set up , but I ended up manually closing the position before the US open becauseI was a bit anxious about US GDP data.  But the main concern was the price was hovering around the major support and resistance area and I could see valid reasons to go long as well. The obvious reason for the long position was the price was forming big inverted head and shoulder patterns.    So, if the price broke above the resistance area, there would have been a great upside potential.   However, after the US session opened, I ended up opening a short position.  The reasons are written in the article I published yesterday.  Please read that article that is linked below. But another argument I would like to add for the bear scenario is this. In Nov-Dec 2024, we had a very similar set up ( dark blue rectangular box in the chart.)   At the time, the price was also forming the inverted head and shoulder at the same support/resistance zone.  Once it broke the resistance line, it took off to the upside.   And that same scenario can unfold this time as well. However, what is different between Dec 2024 period and the current period are: 1) VWAP (volume weighted average price) drawn from the major low in 24th Sept  was working as support but this time the same VWAP is working as resistance.   2) MACD and RSI were moving from bear zone to the bull zone, but this time they are moving to the downside from the bull zone.   Therefore, I think the momentum is to the downside this time. The only time will tell. My current short position is quite small. However, once the direction becomes more clear I plan to add more position because the move to the downside from here can be quite significant.
Short
by EbonyFalcon
ShortI had a few failed short trades in the last few weeks for this pair.    My overall bias is bearish and I must admit having a strong bias cost me.  I was too eager to execute a trade and I ended up front running and instead of reacting to the price action.   This morning, I opened two short positions (1 position size divided into two) for USDJPY . Trade set up: Entry: 150.945Stop Loss: 151.458 Target 1: 149.680 (blue horizontal line - previous week open price, Fair value gap and order block in 4H) Target 2:  148.306 (Previous week low, fair value gap )  Reasons for short entry: Weekly: The price had broken and closed below the previous low at 148.65.  It went up again but it is respecting FVG at 150.50 zone. RSI is starting to enter the bear territory. Daily: The price is still below EMA 200 and is respecting FVG at 150.50 zone. RSI line is still in the bear zone.  4H: The price dropped and closed below the ascending trendline.   I like the candlestick formations at the FVG - very small candles with upper wicks followed by a large engulfing candle.  (1H is better to see the price movement). Sorry, I forgot the name of this formation! RSI is presenting negative divergence. Ideally, it is better to wait for the price to drop, retest and close below 200EMA in 4H and 4H RSI to dive into bear territory.    However, I felt there are enough confluences to support my bias and I like the risk:reward for this set up.   Therefore, I decided to open a short position, but my position size is small. Please let me know what you think.  
Short
by EbonyFalcon
Fundamental Market Analysis for March 28, 2025 USDJPYEvent to pay attention to today: 14:30 EET. USD - Core PCE Price Index USDJPY: On Friday, during the Asian session, the Japanese yen (JPY) fell to a near four-week low against its US counterpart. This was due to concerns that US President Donald Trump's trade tariffs could affect key domestic exports. However, the release of robust consumer inflation data from Tokyo provided a welcome respite for those anticipating a more hawkish stance from the Bank of Japan (BoJ), potentially paving the way for further interest rate hikes. The BoJ's opinion summary also indicates that a rate hike remains a possibility should the economy and prices align with forecasts. Additionally, the prevailing risk-off environment, triggered by Trump's imposition of auto tariffs late Wednesday, has served to support the safe-haven yen, leading to a fall in the USD/JPY pair below 151.00 in the last hour. However, the emergence of some US Dollar (USD) dip buying could support the currency pair and help limit further losses. Additionally, traders may adopt a wait-and-see approach, preferring to observe the US Personal Consumption Expenditure (PCE) price index to ascertain the Federal Reserve's (Fed) rate-cutting intentions. Trade recommendation: BUY 151.000, SL 150.400, TP 151.750
Short
by Fresh-Forexcast2004
USD/JPY Trend Coming Up - Further Upward?🔔🔔🔔 USD/JPY news: ➡️ Hawkish bets on the Bank of Japan (BoJ) have been fueled by expectations of further wage hikes. Last week, Japan’s largest labor union group, Rengo, reported that companies had agreed to a 5.4% wage increase this year. ➡️ Although investors have supported the USD against the JPY, the greenback has underperformed against other currencies following President Donald Trump’s implementation of a 25% tariff on imported automobiles to the U.S., set to take effect on April 2. ➡️ Higher tariffs will mainly burden American importers, who are likely to pass the costs onto consumers. Such a scenario could drive inflation in the U.S. economy, eroding household purchasing power. ➡️ Fears of resurging inflationary pressures and a slowdown in U.S. economic growth has prompted Federal Reserve officials to take a cautious stance. Personal opinion: ➡️ Japan is affected by US auto tariffs because its economy relies heavily on auto exports. Higher tariffs make Japanese cars more expensive in the US, reducing demand, reducing sales for automakers and potentially leading to job losses and slowing economic growth. So it makes sense for the JPY to weaken relative to the USD ➡️Analyze based on important resistance - support and Fibonacci levels combined with trend lines and EMA to come up with a suitable strategy Plan: 🔆 Price Zone Setup: 👉Buy USD/JPY 150.67- 150.55 ❌SL: 1.50.20 | ✅TP: 151.10 – 151.60– 151.95 FM wishes you a successful trading day 💰💰💰
Long
by FM-ForexMastermind
1
USD/JPY Technical Analysis (1-Hour Timeframe)Market Overview: Trend: Bullish Divergence: Bearish Continuation Pattern: Bullish Reversal Pattern: None Harmonics: AB=CD Formation Trade Plan: You are taking a short-term long entry from point B to D based on the bullish trend continuation. A Buy Stop order is placed at 150.963, with a Stop Loss at 150.001 and Take Profit at 151.925 (Potential Reversal Zone). Scenario Analysis: Current Approach: Entering a buy trade from B to D, following the bullish trend. Watching price action closely as it reaches the Potential Reversal Zone (151.925). Next Steps: If the price continues to break higher above 151.925, you will reanalyze the chart for further trend continuation opportunities. If the price shows reversal signs at the Potential Reversal Zone, you will look for a short (sell) setup, aligning with the bearish divergence and reversal pattern (AB=CD). Conclusion: For now, you are riding the bullish trend from B to D while keeping an eye on 151.925 as a key resistance level. If a reversal occurs at this level, you will evaluate a sell trade setup in the downtrend. This approach ensures a disciplined trading strategy, adapting to market conditions.
by Asif_Iqbal_chaudhary