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USDJPY trade ideas

USDJPY Holds Above 2024 LowsUSDJPY is currently retesting its 2024 lows and the 0.618 Fibonacci retracement level of the uptrend from January 2023 to July 2024, near the critical 139 zone. The daily Relative Strength Index (RSI) is now in oversold territory—levels that have previously marked key reversals for USDJPY in both 2023 and 2024. If a reversal takes hold, potential resistance targets include 142, 145, 147, and 151. However, if the support around 139 fails to hold, the pair may extend losses toward 138 and potentially 134, which aligns with the 0.786 Fibonacci retracement. Written by Razan Hilal, CMT
by FOREXcom
USD/JPY: Bearish Trend Remains StrongUSD/JPY: Bearish Trend Remains Strong In our previous analysis, USD/JPY tested the resistance zone and responded as expected. The market is still uncertain regarding Trump's tariff policies, but as long as the price respects the 144.40 resistance level, the downward trend is likely to continue. It may take time, but based on current data, the direction remains bearish. Potential targets for further declines are 142.00, 140.00, and 138.00. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
Short
by KlejdiCuni
8
USDJPY Breakdown? (Elliott Wave)USDJPY bounced higher from a horizontal support shelf created from August - September 2024. Using Elliott Wave Theory as our guide, the model suggests a breakdown below the support shelf is looming nearby. I'm keeping an eye on 144.55. Below this mark, the risk remains high of a breakdown in a wave (iii). Even if 144.55 is hit to the upside, wave (iii) is the favored model we are following. USDJPY is dancing on top of the support shelf now. May break below and revisit the support shelf from the underside. Once the break appears, downside targets are large. 128 becomes the first target with even lower levels possible. EURUSD, GBPUSD, USDCAD, and AUDUSD appear to be reversing too. This means EURJPY, GBPJPY, CADJPY, and AUDJPY may be ready to trend lower.
Short
by JWagnerFXTrader
DEFLATION CRASH IS NEARING HEAD N SHOULDER TOP The chart posted should be viewed with the other chart I just posted on twitter .DEFLATION CRASH IS NEARING .Can they reflate the system just enough to create a 5the wave super bubble ?? Not sure But the fact that the drop was perfect fib math and that the high was as well leads me to think I will wait just a little as I feel the world and the markets are at the crossroads of a final bubble or that the 2007 top is in place and we are bouncing back up in the ABC rally as we did in 2007 that rally was .618/66% and .786 in NYA See 2025 forecast so far it is 99% on target .Best of trades WAVETIMER
by wavetimer
USD/JPY(20250424)Today's AnalysisMarket News: The United States hit a 16-month low in April. The total number of new home sales in the United States in March was an annualized to a new high since September 2024. Technical analysis: Today's buying and selling boundaries: 142.82 Support and resistance levels: 144.93 144.14 143.63 142.01 141.50 140.71 Trading strategy: If the price breaks through 143.63, consider buying, the first target price is 144.14 If the price breaks through 142.82, consider selling, the first target price is 142.01
Short
by Toml1314
April 23, 2025 – USDJPY Long📈 Bias: Bullish | Risk: 1% | 🎯 RRR Target: 1:3 🧠 Reasoning: Price rejected from HTF zone (previous lows that caused a strong bullish move). Took a long during London session after a 15M BOS + entry from a 15M OB, confirmed by a 1M BOS ✅ 🔍 Confluences: HTF bullish structure 15M Order Block 📊 1M BOS confirmation ⏱️ Unfilled Asian range above 🌏 🛡️ SL: 20 pips, below recent lows – enough protection. 💬 Note: There was still a deeper 15M OB below, but this trade had strong confirmation. No regrets – solid execution & confident decision.
Long
by sTax11
USDJPY Outlook – Bearish Continuation or Bullish Reversal??In this analysis, I'm breaking down the USDJPY structure starting from the 4H to identify the overall market direction (Bearish/Sells), then zooming into the 1H to fine-tune potential trade setups. On the 4H timeframe, we’re assessing whether the recent bearish momentum is likely to continue or if price action is showing early signs of a bullish reversal. The LOW created at 141.800 level is our first target IF we continue to sell as its creating that LowerLow. IF price closes bullish above 142.500, I will switch sides and look for potential buys. On the 1H timeframe, I’m watching for a bullish liquidity sweep below141.888, followed by a clear break of structure to the upside on the 15m or 1H for more confirmation. That would indicate smart money accumulation and a potential shift in market sentiment—giving me confirmation to start looking for long setups. 🚀 Give me a boost and follow for upcoming $niper entries this week! 🦇🔥 CMCMARKETS:USDJPY
Long
by nonstopkev888
1