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USDJPY trade ideas

USDJPY: Very Bearish SentimentUSDJPY had been consolidating significantly since mid-December, trading within a large horizontal range on a daily timeframe. However, following the release of certain fundamental news, the currency pair appears to have a strong bearish outlook. The breakout below a support line within the range suggests that a bearish accumulation phase has been completed. This could lead to further declines, with attention now turning to the next support level at 154.4.
Short
by linofx1
3
USDJPY Trading Opportunity! BUY! My dear friends, Please, find my technical outlook for USDJPY below: The instrument tests an important psychological level 156.03 Bias - Bullish Technical Indicators: Supper Trend gives a precise Bullish signal, while Pivot Point HL predicts price changes and potential reversals in the market. Target - 157.26 Recommended Stop Loss - 155.29 About Used Indicators: Super-trend indicator is more useful in trending markets where there are clear uptrends and downtrends in price. ——————————— WISH YOU ALL LUCK
Long
by AnabelSignals
2
USD/JPY, Where to Next?As explained before before, USD/JPY drowned almost two percent this week, three scenarios can play out next: - Bearish scenario: Current 4H chart is evolving into a bear flag from previous TR, bears could get a second or third (depending on ur analysis) leg down towards 154.00 target: -Bullish scenario: Bulls could fight of the downtrend and reclaim 156.000 to evolve into a trading range. This will be hard as they have to reclaim 20 EMA where bears might be present. Bulls would need to show consecutive buying to show they are back in control. -Sideways trading: Trading could be sideways to reach 20 EMA on the daily before next move is decided. So far, odds favour the Bear scenario, the longer we stay below the trading range, the more likely bears are will get their bear leg. - Scalp idea for the day traders: Currently, theres an extending triangle evolving with an inside wedge top, this could be a sign bears are stepping in again. Bulls did not show strength at start of day, they got two small legs, but were not satisfied, likely to start selling again. Day could evolve into trading range day depending on reaction at day open. If extending triangle plays out and there's consecutive selling, 155 is the target with 20 EMA acting as resistance. Peace, B Setup
by Baudoouin
USD/JPY: Key Pullback After 320-Pip Drops, Another Decline AheadBy analyzing the USD/JPY daily chart, we observe that after a significant drop to 155 (yielding 320 pips), the price has reacted to a key psychological level and is currently in a pullback phase. Following a short upward move, we can look for a suitable trigger to align with another potential downside move. This chart will be updated again soon—stay tuned! 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
Short
by ArmanShabanTrading
9
No rate change. And price to jump up to at least $162 FX:USDJPY Not a professional but heres my take. Everyone expects BOJ to raise the rates to 5%. Current prices have adjusted to account for that. It will not fall much further. I however think there is a possibility that they delay it until the next BOJ meeting on March 18-19. Given trumps unpredictability and this meeting being 3 days after he is sworn in. They will want to wait to see what his first few weeks in office is like at least. As such we should see a price jump at least up to $162 or more in the short term.
Long
by FinixPNG
USDJPY SELL TREND GIVIN GOOD BREAKDOWN READ THE CHART 📉 USD/JPY Sell Signal Alert 📉 🔻 Entry Point: Consider initiating a short position if USD/JPY reaches 155.800. 🎯 Target Levels: First Target: 153.200 Second Target: 152.200 Third Target: 149.000 🛡️ Risk Management: Upon reaching the first target at 153.200, adjust your stop-loss to the entry point (155.800) to secure profits and minimize risk. 📊 Technical Overview: The pair has recently experienced a counter-trend movement, indicating potential for further downside. 🔍 Recommendation: Monitor price action closely and ensure confirmation of bearish momentum before entering the trade. Always employ appropriate risk management strategies and stay informed about economic events that may impact currency movements.
Short
by ExpertTrader041
USDJAPY Successful trading requires meticulous planning and strong risk management. For instance, in the case of USD/JPY, the sell entry is set at 155.30, with three take-profit levels at 154.50, 154.00, and 153.50. These targets indicate key points where traders might secure profits as the market moves downward. To safeguard against excessive losses, a stop-loss point is defined at 156.50. This automated mechanism helps limit losses by closing the trade if the market moves in an unfavorable direction. Setting a stop-loss is a fundamental aspect of managing risk in volatile markets. One of the golden rules of trading is to never risk more than you can afford to lose. Implementing tools like stop-loss orders and spreading investments across multiple assets can reduce exposure to risk and safeguard capital. Trading success also hinges on the ability to learn and adapt. Markets are dynamic, and continuous education about trends, economic developments, and technical indicators is essential for refining strategies and staying ahead. Patience and discipline are critical traits for traders. By adhering to a well-defined trading plan, setting achievable goals, and avoiding emotional decision-making, traders can improve their chances of success. Each trade, whether profitable or not, provides valuable insights for growth and improvement. Through consistent learning, disciplined execution, and robust risk management, traders can navigate the complexities of financial markets, striving for long-term success while minimizing risks.
Short
by EXPERT117Ai
Potential bullish bounce?USD/JPY is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which acts as a pullback resistance. Pivot: 154.45 1st Support: 153.25 1st Resistance: 156.20 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.
Long
by ICmarkets
USD/JPY begins to unravelUSD/JPY has fallen nearly -2% in two days, and the required central bank divergence between the Fed and BOJ appears to be returning, which could see prices much lower from here. Prices are close to reaching my bearish target at the monthly pivot point (154.60) outlined in yesterday's video, and prices are less than a day's trading-range away from it. Perhaps it can tag that key level today. However, with a bullish RSI (2) divergence on the daily chart, and the 50-day SMA nearby, bears may want to remain nimble. Still, if we see a bounce from the monthly pivot, bears could seek to fade into minor rallies within Thursday's range in anticipation of a move down towards the 1534 handle. Matt Simpson, Market Analyst at City Index and Forex.com
Short
by CityIndex
Bottom Wedge USD/JPY - Which side will we see a breakout from ? -> Following FX:USDJPY downfall, price almost fell two percent this week. -> Bottom wedge was identified, which side it will break down to is still to be determined. Either way, an upside breakout can justify a scalp on 5-15 min timeframe a after consecutive bull bars are seem. Looking at the other side of the coin, a downside breakout would lead to a third leg down a indicate that the bear trend is soon halting or reversing. -> Most importantly, be cautious and patient with such trades, wait for breakout and follow through buying- or selling- to place trade. Remember that USD/JPY is reversing with a strong Yen and odds favour bears, as seen with bear flag on this 4h chart: Will the bear flag will get a secong leg and gain downside momentum?, or will we have a failed trading range breakout with a short term reversal around the 156.000 area is still to be determined. B setup Peace
by Baudoouin
Every reason traders can’t ignore the yen this week The Bank of Japan (BoJ) will hold its first policy meeting of the year next week, with markets pricing in a 90% likelihood of a rate hike on January 24. Last year, BoJ rate hikes contributed to the Yen carry trade unwind in early August, coinciding with Bitcoin’s decline to $49,000. This week, the Japanese yen strengthened toward 155.5 per dollar, its highest level in four weeks, driving prices to range lows and suggesting potential further downside. A daily close below the 20-day EMA has brought the 50-day EMA and the monthly pivot point into focus. One potential hurdle for a rate hike could stem from US political developments. Former U.S. President Donald Trump is set to begin his second term in office on Monday, with expectations of executive orders that may disrupt financial markets. Additionally, traders must contend with Japan’s Finance Minister this week reaffirming the government’s readiness to take "appropriate action" to support the yen.
by BlackBull_Markets
Bullish bounce?USD/JPY is falling towards the support level which is a pullback support that lines up with the 138.2% Fibonacci extension and could bounce from this level to our take profit. Entry: 154.69 Why we like it: There is a pullback support level that lines up with the 138.2% Fibonacci extension. Stop loss: 153.28 Why we like it: There is a pullback support level that is slightly below the 50% Fibonacci retracement. Take profit: 156.23 Why we like it: There is an overlap resistance level. 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.
Long
by VantageMarkets