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USDJPY trade ideas

Bearish drop?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 38.2% Fibonacci retracement and could drop from this level to our take profit. Entry: 153.766 Why we like it: There is a pullback resistance level that lines up with the 38.2% Fibonacci retracement. Stop loss: 154.91 Why we like it: There is an overlap resistance level that aligns with the 61.8% Fibonacci retracement. Take profit: 152.28 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
1
USDJPY GAME PLAN WEEK 48After analyzing the forex market's COT report released last Friday, I have aligned my bias with the macroeconomic reports scheduled for this week. There are fewer key events compared to last week, but I am confident that the ones we do have are worth paying attention to. Now, let me explain why I consider USD/JPY to be a good long trade. First of all, the COT data revealed increased interest in a stronger dollar, further strengthening the already solid bullish sentiment. At the same time, all other currencies either showed increased long interest or reduced short interest—except for JPY. I avoid trading pairs that are on the same side of the market, as I aim to find as much friction as possible to create the volatility that we, as traders, thrive on. However, this alone is not enough. I will also follow the key reports and events this week, including: CB Consumer Confidence Preliminary GDP (q/q) Unemployment Claims Core PCE Price Index (m/m) FOMC Meeting Minutes Keep in mind that the U.S. market is closed on Thursday. I won’t wait for every individual release before taking action but will trade accordingly as opportunities arise. For instance, I plan to go long after the CB Consumer Confidence report, but not blindly—I will still base my entries on technical levels. However, the actual numbers in the reports will matter less. The reality is that sometimes a number that misleads the majority, combined with a strong underlying bias, can create a divergence with immense force behind it. I will provide updates as the week progresses. Trades might be held for two days or even throughout the entire week, depending on market conditions.
Long
by OssianH
5
UPDATE ON SUNDAY SESSIONS ANALYSIS USD/JPY 30M - As you can see the Sunday Sessions analysis that was performed has gone on to play out exactly as predicted. If you remember in the video I spoke about wanting to see price break structure to the downside initially and marked out the low. Once price broke structure I wanted to see price pullback trading into a relevant area of Supply before taking the next impulse to the downside, price has done exactly that, as you can see price has followed that exact path. This trade ran and took profit + 125 pips. (+ 6%) 6RR We saw price trade up and into the gap that was left over from the open back on Sunday evening, this is something that will typically happen should there be a gap left in the market. Price clearly traded up and into this broke lower after the penetration and offered us an area to enter from when it pulled back fractally. Having our SL above the zone and our TP above the last higher timeframe low allowed us to profit well.
Short
by Lukegforex
USDJPY long moveUSDJPY chart on the 3Hours timeframe shows the price trading towards a demand zone, indicating bearish pressure after the earlier upside movement. The pair is approaching a key horizontal support level, a significant area that has previously acted as both support and resistance. This level also aligns with the 88.0 Fibonacci Retracement, adding further confluence for potential price reactions. If the price breaks below this demand zone, it could signal a bearish continuation, as sellers may gain control. However, if the demand zone holds, there is potential for a bullish reversal, leading to a rebound toward the next supply zone.
Long
by OCBE-FX
DeGRAM | USDJPY price exit from the channelUSDJPY is between the trend lines under the ascending channel. The chart broke the ascending structure and broke the lower boundary of the channel. The price has already reached the resistance level and the upper trend line, which has already acted as a pullback point twice and is now under the 50% retracement level. We expect the price to decline. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
3
USDJPY: Your Trading Plan Explained 🇺🇸🇯🇵 USDJPY is trading within a rising parallel channel on a daily. The price is currently testing its support. To buy the market with a confirmation, watch carefully a bullish flag pattern on a 4H time frame. A bullish breakout of its resistance and a 4H candle close above will give you a strong bullish signal. With a high probability, the price will keep rising then and reach at least 155.3 level. Alternatively, a bearish breakout of a channel's support on a daily may push the prices lower. ❤️Please, support my work with like, thank you!❤️
Long
by VasilyTrader
2
USDJPY - 15 mins BuyChart Patterns and Observations Falling Wedge: A clear falling wedge pattern is evident, which is a bullish reversal pattern. This aligns with the marked Bottom 1, Bottom 2, and Bottom 3 zones. The breakout above the wedge suggests a shift from bearish to bullish sentiment. Accumulation Zone: Price consolidates within a narrow range (noted as an accumulation area), indicating that buyers may be stepping in to create a base for a potential upside move. The marked Target Re-Entry Zone at 153.888 serves as a possible demand zone for a retest. Key Levels: Support Levels: 153.807 (Bottom 3) is a critical support where the falling wedge's final bottom was formed. 153.943, which aligns with the retest zone, is another key area to watch for bullish rejections. Resistance Levels: Immediate resistance is noted at 154.187. The next target lies at 154.478 (Asian High), followed by Fibonacci extensions at 155.01 and 155.13, which serve as stretch targets. Indicators: RSI: RSI is gradually trending higher from oversold levels, suggesting increasing bullish momentum. A break above the midline (50) will further confirm the bullish continuation. MACD: The MACD histogram is printing green bars, indicating bullish momentum building. The signal line crossover supports the potential for upside movement. Stochastic Oscillator: Stochastic is rebounding from oversold territory and approaching the upper range, which supports short-term bullish pressure. Risk-Reward and Breakout: The price has broken out above the wedge and is trading near 154.10. The stop loss is placed below 153.807 to protect against invalidation of the setup. Buy Setup Explanation Entry: The marked buy zone appears to capitalize on a potential pullback to the Target Re-Entry Zone at 153.943. This is a common strategy to re-enter after a breakout, ensuring minimal risk exposure. Stop Loss: The stop loss is placed below the 153.486 level (below the third bottom of the falling wedge), ensuring safety against a false breakout. Take Profit: First Target: 154.724, the immediate resistance zone. Second Target: 155.022, aligning with the Asian session high. Extended Targets: Fibonacci levels at 155.01 (1.809 Fib extension) and 155.13 (R2).
Long
by tamrobert20
2