Yen Slips to 149 as Inflation EasesThe yen fell to around 149 per dollar on Friday, ending a two-day rally, after Japan’s core inflation eased to 3% in February from 3.2% in January, still above expectations of 2.9%. This marked the second month of stronger inflation, reinforcing the case for future rate hikes.
Earlier, the BoJ held rates at 0.5% and maintained a cautious stance, citing global uncertainties, particularly rising U.S. tariffs. The bank also reiterated its focus on monitoring currency moves. A stronger U.S. dollar further pressured the yen amid global growth and trade concerns.
Key resistance is at 150.30, with further levels at 152.00 and 154.90. Support stands at 147.00, followed by 145.80 and 143.00.
USDJPY trade ideas
USDJPY Will Go Lower! Short!
Please, check our technical outlook for USDJPY.
Time Frame: 8h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The price is testing a key resistance 149.408.
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 147.585 level.
P.S
The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce.
Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news.
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#004 Moving Average USDJPY Short 1620SGT 21032025Selling USDJPY at trendline retracement's first setup(dragon raises its head aka long tai tou) based on the 1H/4H retracement.
I think 1H/4H retracement setup is best because it isn't too shallow, and we could see the overall weather instead of just seeing what we see now in our sky high building blocked vision's available amount of sky.
1623SGT 21032025
USDJPY: Volatility and Key LevelsThe recent trend of the USD/JPY has been highly volatile. On the economic data front, the rise in Japan's unemployment rate and the decline in corporate capital expenditure have triggered selling pressure on the Japanese yen. However, factors such as corporate wage growth provide grounds for the Bank of Japan to consider raising interest rates.
From a technical perspective, key support levels are situated around 147.7 and 146.5, whilst the resistance levels are now between 150 and 151. Amid the ongoing battle between bulls and bears, the pair is likely to continue trading within the range of 147.00-149.00. That said, given the current upward momentum, a technical pullback followed by further gains in the short term cannot be ruled out.
USDJPY
buy@148.000-149.000
tp:150.000-151.000
I will share trading signals every day. All the signals have been accurate for a whole month in a row. If you also need them, please click on the link below the article to obtain them.
USD JPY LAST CHANCE TO SHORT???Still treat this market long term BEARISH till we take out 150.15 (Once we are above there then Market will be turn to BULL)
I can see good area of DAILY RESISTANCE @ 150.50 (That will be my entry 15m time frame)
I have 2 Target
TP 1 - 148.42
TP2 - 144.78
Let see what this FRIDAY BRINGS
COMMENT WELCOME
USDJPY SELL SETUP!!From a technical perspective, examining the USD/JPY chart, we might notice that prices are forming a lower high, which often indicates a potential downtrend. The price respecting Fibonacci retracement levels can also suggest that the market is reacting to key support and resistance levels. When traders see the price approaching these levels and behaving predictably, it can bolster their confidence in the direction of their trades.
Overall, the expectation is for a continuing strength in the yen, especially if the market sentiment remains focused on potential rate hikes from the Fed. This scenario might lead to more bearish moves for the USD/JPY pair, making it important to watch for any significant economic data releases or comments from central bank officials that could signal changes in monetary policy.
USD/JPY 15M Prediction for 21-01-2025 - Key Demand & Supply Zone📊 USD/JPY 15M Prediction for 21-01-2025 - Key Demand & Supply Zones!
📈 Current Price: 149.405
🔴 Supply Zone: 149.826 - 149.847
🟢 Demand Zones:
✔ 149.201
✔ 148.970
✔ 148.696
📌 Trading Outlook:
Price is currently near resistance. If it rejects the 149.847 supply zone, we may see a retracement towards 149.201 or 148.970.
If price breaks above 149.847, bullish momentum could push it higher.
⚡ Trade Setup:
🔻 Sell Near: 149.826 - 149.847
🎯 TP1: 149.201
🎯 TP2: 148.970
🛑 SL: Above 149.900
#USDJPY #ForexTrading #PriceAction #SmartMoney #TradingAnalysis 🚀📊
Bullish rise?USD/JPY has reacted off the pivot and could rise to the 1st resistance.
Pivot: 148.96
1st Support: 148.34
1st Resistance: 149.97
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Short Opened 4 short positions (1 trading side divided into 4 small sizes):
148.622 has been the major support area USDJPY was struggling to break below since last December, however, it finally broke and closed below that level on March 4th 25 (red vertical line in 4H chart).
Since then, USDJPY has been oscillating between 150.24 and 146.55, but this morning it decisively broke and closed below the key level.
Price is below EMA 200 in Daily and 4H.
Daily MACD is in bear territory and Daily stochastic has reached over bought territory and starting to come down.
All momentum indicators in 4H are forming negative divergence.
Entry price - 148.556
S/L - 149.39 (just above the previous week high)
Target 1: 147.30 (previous low in 4H)
Target 2: 146.55 (previous low in 4H)
Target 3- 145
Target 4: 142.26 (Fib 1.618 in Daily)
If Target 1 and 2 are hit successfully, I will adjust SL I will update the progress.
USD/JPY H1Hello everyone, friends, we have a very, very beautiful and clear market structure, I see that USD/JPY is falling and the market is in a very beautiful place for a sell position, with several clear factors, I decided to open a sell position, please do not forget to manage your risk, this is the most important thing in trading, we have price action and market structure, I want to enter a sell position due to the high sell flow in the global market
USD/JPYHello everyone, friends, we have a very, very beautiful and clear market structure, I see that USD/JPY is falling and the market is in a very beautiful place for a sell position, with several clear factors, I decided to open a sell position, please do not forget to manage your risk, this is the most important thing in trading, we have price action and market structure, I want to enter a sell position due to the high sell flow in the global market
USD/JPY(20250321)Today's AnalysisToday's buying and selling boundaries:
148.63
Support and resistance levels:
149.40
149.11
148.92
148.33
148.14
147.85
Trading strategy:
If the price breaks through 148.92, consider buying, the first target price is 149.11
If the price breaks through 148.63, consider selling, the first target price is 148.33
USD_JPY WILL KEEP FALLING|SHORT|
✅USD_JPY is trading along the falling resistance
And as the pair will hit it soon
I am expecting the price to go down
To retest the demand levels below at 147.500
SHORT🔥
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USDJPY DAILY ANALYSISHello traders here is my setup for USDJPY for the week as you can see the price has been on a down trend, and now you can see that the price have done a retracement and it is now on the level of structure that was recently broken and it is likely to act as resistance now I have to wait for confirmations like bearish engulfment then I would look to short the USDJPY.
NP: This is not a financial advice its just my prediction, what do you think?
USD/JPY Short Setup AnalysisPrice is currently respecting a descending channel, making lower highs and lower lows, indicating a strong bearish trend. The market is approaching a key resistance zone around 149.165 - 150.000, where a confluence of trendline resistance and a supply zone is expected to reject further upside. A sell limit is placed at 149.165, targeting a move back down to the lower boundary of the channel near 146.544.
Mid-day bullish trendFX:USDJPY
Technical Analysis:
The trend structure on the four-hour chart is bearish.
The trend is correcting (upward movement) due to the formation of a bottom at 146.53. From the buyers' perspective, if the resistance at 151.17 is broken, it can reach the next resistance at 154.86. From the sellers' perspective, as long as the resistance at 151.17 holds, it can prevent price growth and pull the price down to the bottom at 146.53.
Heading into overlap resistance?USD/JPY is rising towards the resistance level which is an overlap resistance that lines up with the 50% Fibonacci retracement and could reverse from this level to our take profit.
Entry: 149.13
Why we like it:
There is an overlap resistance level that line sup with the 50% Fibonacci retracement.
Stop loss: 149.83
Why we like it:
There is a pullback resistance level that is slightly above the 78.6% Fibonacci retracement.
Take profit: 148.19
Why we like it:
There is a pullback support level.
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