USDJPY BUYBased on top down analysis, asian session and BMS I can confirm each strategy and tool leads to more buying power from UJ - during the asian session we may hit my target area - but regardless I am confident in my analysis.
USDJPY trade ideas
USDJPY Potential UpsidesHey Traders, in today's trading session we are monitoring USDJPY for a buying opportunity around 143.500 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 143.500 support and resistance area.
Trade safe, Joe.
USDJPY NEXT MOVE Assumption of a Bullish Continuation (Without Confirmation)
• Disruption: The projected upward path to the “Double Top Resistance” presumes a bullish continuation without confirming signals (e.g., bullish candlestick patterns, volume spikes, or RSI divergence).
• Alternative View: Price is currently rejecting the resistance zone and heading downward—this could be the start of a deeper retracement or trend reversal, not just a dip.
⸻
2. “Strong Support” Zone is Based on a Single Bounce
• Disruption: The “Strong Support” zone is derived from a single historical reaction. It might not hold on the next test, especially if momentum and volume increase on the way down.
• Counterpoint: Stronger support typically comes from multiple prior reactions or a broader consolidation zone.
⸻
3. Lack of Consideration for Bearish Structure
• Disruption: The broader structure is bearish (from left to right on the chart), with lower highs and lower lows. The analysis skips over this longer-term downtrend context.
• Alternative: Instead of anticipating a return to 148, traders might watch for short setups if price fails to break back above the resistance cleanly.
⸻
4. Volume Decline During the Recent Rally
• Disruption: The bullish leg into early May shows diminishing volume. This divergence between price increase and falling volume weakens the bullish case.
• Warning Sign: Could indicate a bull trap, followed by a sharper fall through the support.
⸻
5. Overemphasis on “Double Top” without Neckline Break
• Disruption: The projected double top at ~148 assumes that level will be revisited. But without a confirmed breakout through 144.000, it’s premature to predict such a move.
• Risk: Traders buying now on this expectation may be caught in a pullback that dips below the “Strong Support.”
USD/JPY H4 | Approaching a swing-high resistanceThe hawkish stance of the Federal Reserve and the market's optimistic sentiment regarding a potential Sino-US trade agreement have driven the overall strength of the US dollar. The Federal Reserve's suspension of interest rate cuts and the absence of hints of near-term rate cuts have enhanced the attractiveness of the US dollar, providing support for the upward movement of the USD/JPY exchange rate. On the four-hour chart, the Marlin oscillator has reversed downward from the zero line, which coincides with the reversal on the daily chart, forming a strong reversal pattern. The price is testing the support of the MACD line and the key level of 143.45. If the daily candlestick closes below the 143.45 level, it will open the path for a decline towards 141.70 and even the lower boundary of the price channel near 139.50. If the closing price is higher than yesterday's high of 144.00, it is likely to rise towards 144.75, with a long-term target of 145.91. Considering the actual closing price of 145.0930, the upward scenario has been activated. In addition, the MACD indicator shows that the bullish momentum has been somewhat restored, but it is still in the initial stage of the rebound. The RSI indicator remains above 45 and has not entered the strong area, indicating that the current exchange rate is in the stage of consolidation and accumulation of momentum. Although there has been a certain upward movement in the short term, the overall strength of the bulls and bears has not reached an obviously strong state.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
"JPY/USD Double Bottom Pattern – Bullish Reversal Setup TargetinThe JPYUSD pair is currently displaying a potential double bottom reversal pattern, signaling a bullish setup. Price action has formed two significant lows near the 0.006827 support level, indicating strong buying interest around this zone.
Pattern: Double Bottom
Support Level: 0.006827
Resistance Zone (Neckline): Around 0.007147
Target: 0.007211
Stop Loss: Just below support, near 0.006827
The price has completed the second bottom and is beginning to move upward, suggesting that a breakout above the neckline could confirm the reversal. A successful breakout could see price pushing toward the target zone of 0.007211, aligning with a measured move from the pattern's height.
Traders might look for confirmation with volume or a break and retest of the neckline resistance before entering long positions. Risk management is key, with a logical stop below the double bottom lows.
Would you like me to include hashtags or a title idea for better visibility on TradingView?
You said:
describ in detail with more content
ChatGPT said:
Certainly! Here's a detailed and professional breakdown of the chart analysis for a TradingView idea post. You can copy and paste this directly into your idea description section:
JPY/USD – Potential Double Bottom Reversal Forming at Key Support Zone
The JPY/USD currency pair is currently presenting a classic double bottom pattern, a widely recognized bullish reversal setup in technical analysis. This pattern is forming after a sustained downtrend, suggesting that bearish momentum may be exhausting and a reversal could be underway.
🔍 Technical Overview:
Pattern Identified: Double Bottom
Current Price: 0.006854
Support Level: 0.006827
Resistance/Neckline Level: 0.007147
Target Price: 0.007211
Stop Loss: Below 0.006827 (recent swing low)
🧩 Pattern Explanation:
The chart shows two distinct troughs, or "bottoms," forming near the same support level, which signals strong buying pressure in this zone. The two bottoms are separated by a peak, or neckline, which becomes the critical breakout level.
Bottom 1 formed at the end of April.
Bottom 2 formed in early May, retesting the same support area.
A bullish breakout above the neckline (0.007147) would confirm the double bottom pattern.
Once the neckline is broken with significant volume or momentum, the market may move toward the projected target of 0.007211, calculated by measuring the distance from the support to the neckline and projecting it upward.
📉 Risk Management:
A stop loss is logically placed just below the double bottom support zone (0.006827) to manage downside risk. This protects against false breakouts or invalidation of the pattern.
🧠 Trade Idea & Strategy:
Entry: On a confirmed breakout above the neckline (0.007147), ideally with a retest for added confirmation.
Target: 0.007211 (measured move target).
Stop Loss: Below 0.006827.
This setup offers a favorable risk-to-reward ratio, particularly if price retests the neckline before moving higher.
🗣️ Conclusion:
This chart suggests a bullish opportunity developing on JPY/USD with a clear reversal signal via the double bottom pattern. While confirmation is needed through a breakout, this technical structure offers a textbook example of trend reversal potential. Traders should remain attentive to price action around the neckline and monitor for volume surges or candlestick confirmations to validate the move
USD_JPY WILL GO DOWN|SHORT|
✅USD_JPY will be retesting a
Resistance level soon around 147.500
From where I am expecting a bearish reaction
With the price going down but we need
To wait for a reversal pattern to form
Before entering the trade, so that we
Get a higher success probability of the trade
SHORT🔥
✅Like and subscribe to never miss a new idea!✅
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
USDJPY COT and Liquidity AnalysisCOT Report Analysis:
Overal we can see strong bearish sentiment in the COT.
and price will most likely continue lower - in the longterm.
Because those short must be closed one day and it will be below the lows.
Also if Market makers wants to build longs they will be also doing it below the
lows. For new there is forming counter trend buy setup which I will probably take
but its not point of this sentiment analysis. This is bigger picture view and if Market
makers are bearish my longs countertrend trades will be taken with 1/2 risk than usually
/b]
Hey what up traders welcome to the COT data and Liquidity report. This is a big part of my FX Trading. Im always trying to trade with the Big players so knowing their positions is good thing.
Please be aware that institutions report data to the SEC on Tuesdays and data are reported on Fridays - so again we as retail traders have disadvantage, but there is possibility to read between the lines. Remember in the report is what they want you to see, that's why mostly price reverse on Wednesday after the report so their cards are hidden as long as possible. However if the trend is running you can read it and use for your advantage.
I created this simple free indicator which you can find in the my scripts. It's highlighting the day of the real report - Tuesday.
Here is the tip if the level has confluence with the high volume on COT it can be strong support / Resistance.
Analysis done on the Tradenation Charts
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
"Adapt what is useful, reject what is useless, and add what is specifically your own."
— David Perk aka Dave FX Hunter ⚔️
USDJPY Tuesday AMThe overall weekly direction is quite bearish as there has been a recent bullish days retracement. If by 9:30 AM Eastern standard time we see this pair break internal liquidity by the time the market opens then we can expect this pair to go for more shorts. But given the timing of the week with the news, I’m expecting this pair to build momentum to take buyside liquidity before stamping through lower price. I expect to see this pair range a bit until Wednesday’s news.
MAJOR SUPPORT BUYMajor support zone holding strong. From weekly down to 1H, all signals align for a buy. Structure supports bullish continuation—watch closely.
USDJPY Analysis Today: Technical and Order Flow !In this video I will be sharing my USDJPY analysis today, by providing my complete technical and order flow analysis, so you can watch it to possibly improve your forex trading skillset. The video is structured in 3 parts, first I will be performing my complete technical analysis, then I will be moving to the COT data analysis, so how the big payers in market are moving their orders, and to do this I will be using my customized proprietary software and then I will be putting together these two different types of analysis.
USDJPY: Bounce on the 17 month Support starting massive rally.USDJPY is neutral on its 1D technical outlook (RSI = 50.306, MACD = -0.870, ADX = 40.251) but is on a massive bounce on the S1 Zone, which has been holding since December 25th 2023. That Low last week also approached the 1W MA200. The LH trendline is the Resistance level of this pattern (Descending Triangle) and since the last one hit the 0.786 Fibonacci, we expect this one to hit the 0.618 Fib (TP = 153.500).
## If you like our free content follow our profile to get more daily ideas. ##
## Comments and likes are greatly appreciated. ##
USDJPY Long setupdaily closed above previous day body indicating a reversal. weekly low was not broken and supports have been respected. aiming for previous week high. weekly resistance is still higher 146.480 ultimate zone of tp. there are resistance zones as marked on chart will look for scalps in these areas. happy trading everyone this is not financial advice.
I AM
33
USDJPY COULD RISE FIRST TO 146.50 AND THEN 148.00Dear traders, as you may see the chart, the pair is clearly above a previously resistance area now turned to support, therefore, with the support of the rising channel, 146.50 and 148.00 are now the targets. Let's See!
USDJPY see Re-accumulate for short term goal.
We might see 150 again or higher. I see only equal highs.
This idea base on accumulation at lower timeframe 1h.
This is not a financial advice.
Follow for more.
Bullish Breakout from Falling WedgeThe exchange rate of the US dollar against the Japanese yen shows a slight downward trend. The opening rate of the US dollar against the Japanese yen on that day was 144.8740. During the trading session, it hit a high of 144.9890 and a low of 144.085. The latest trading price is 144.082, which is 0.60% lower than the closing price of 144.9180 in the New York foreign exchange market on the previous trading day.
Buffett has warned of the risks of the US dollar, and funds may flow to safe - haven assets such as the Japanese yen, which may have had a certain impact on the exchange rate of the US dollar against the Japanese yen. On the other hand, from a technical perspective, according to the chart data, the "Daily Chart PP" of the US dollar / Japanese yen shows that its pivot point is at 158.27, and the maximum coverage range of the corresponding support and resistance is 157.29 - 159.33. The current exchange rate is at a relatively low level and may be attracted by the lower support level.
you are currently struggling with losses, or are unsure which of the numerous trading strategies to follow, at this moment, you can choose to observe the operations within our channel.
USDJPY is ready to take offYesterday daily candle was a very big bullish candle, sign of buyer strength.
today the price retraced during asia & europe session.
i'm expecting another impulsive wave to the upside during US session.
please do your own risk & reward calculation.
Good luck
USDJPY Long PositionUSDJPY pair is currently positioned at a key support zone, where price action has historically reversed direction. Following a recent rebound from this level, the pair retested the support area. Given the broader uptrend structure (characterized by higher highs and higher lows), this retest presents a potential opportunity to enter long positions, contingent on bullish confirmation at this critical juncture.
Key Observations:
Established Uptrend: The pair’s consistent upward trajectory on higher time frames supports a bullish bias.
Support Retest: The current pullback to the support zone aligns with typical price behavior in trending markets, where retests of prior levels often precede trend resumptions, but a decisive close below the support would invalidate the bullish setup, potentially signaling a trend reversal or deeper correction.
Risk Management Strategy: A prudent approach would involve placing a stop-loss below the support zone to protect against a breakdown, while targeting the next resistance level for profit-taking.
Final Assessment:
The setup aligns with bullish momentum, provided the support holds.
Bearish on USDJPYBased on the observation I have made last week, when the market made a huge bearish, it went up to feel the gap it had created.
On this Friday, it's on tracement of about some profitable pips. Already made my Tp1, looking forward for Tp2.
Bullish bounce?USD/JPY is falling towards the pivot which acts as a pullback support and could bounce to the 1st resistance which is a pullback resistance.
Pivot: 141.80
1st Support: 140.13
1st Resistance: 145.44
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.
USDJPY LONGMarket structure bullish on HTFs DH
Entry at both daily and weekly AOi
Weekly Rejection at AOi
Daily Rejection at AOi
Previous Structure point Daily
Around Psychological Level 144.000
H4 EMA retest
H4 Candlestick rejection
Levels 5.63
Entry 90%
REMEMBER : Trading is a Game Of Probability
: Manage Your Risk
: Be Patient
: Every Moment Is Unique
: Rinse, Wash, Repeat!
: Christ is King.
USD/JPY : Get Ready for another Rally! (READ THE CAPTION)By analyzing the USD/JPY chart on the daily timeframe, we can see that, as expected, the price has finally started to rise. So far, it has successfully reached the 143.5 and 144 targets, and extended up to 145.76, delivering a solid 350-pip move.
The main analysis remains valid, and I expect the price to hit the next target at 146.2 soon.
The total gain from this setup has now exceeded 570 pips, and the key upcoming supply zones are at 146.2, 148.7, and 150.
This analysis will be updated accordingly!
THE MAIN ANALYSIS :
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
USDJPY: Pullback From Support 🇺🇸🇯🇵
There is a high chance that USDJPY will pull back from the underlined blue support.
AS a confirmation, I see a violation of a resistance line of a falling
wedge pattern on an hourly time frame.
Target - 144.35
❤️Please, support my work with like, thank you!❤️
