Break out and retest strategyOn the 4 hour time frame shows an uptrend, of which it has provided the third touch marking a buy. And it has been in an uptrend that has been creating higher lows. It has provided a breakout on the H4, and on the 30 minute timeframe it gave a support level markin a buy set up amd entry. Sculping to take first take profit and second
USDJPY trade ideas
USD/JPY) Back support level Read The captionSMC trading point update
Technical analysis of USD/JPY pair using a combination of price action, resistance/support levels, and indicators. Here's a breakdown of the idea behind the analysis:
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Chart Breakdown (2H - USD/JPY)
1. Key Zones:
Resistance Level (Yellow Box at Top):
Price has previously been rejected from this zone multiple times.
Recent bearish wicks and aggressive sell-offs are marked by red arrows—showing strong seller interest.
Support Level / Target Point (Bottom Yellow Box):
Price has found strong buying interest around 142.142.
This zone is the anticipated downside target if the bearish scenario plays out.
2. Bearish Bias Justification:
Liquidity Grab / Fakeout (labeled “fug”):
The price briefly broke above the smaller resistance block but quickly reversed.
This "fake breakout" often traps buyers, strengthening the bearish case.
EMA 200 (Blue Line):
Price is currently near or slightly under the 200 EMA (144.553), suggesting a potential rejection area aligning with resistance.
RSI Indicator:
RSI shows divergence and has not confirmed a bullish breakout.
The values (56.77 and 42.82) indicate loss of bullish momentum.
3. Projection (Black Lines):
The black zig-zag lines represent a forecasted drop to the support level.
Suggests a short setup near 144.50–145.00 with targets near 142.14.
Mr SMC Trading point
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Summary:
Bias: Bearish
Entry Zone: Near resistance area (144.50–145.00)
Target: 142.142 (support zone)
Invalidation: Strong break above 145.00 and hold
Confirmation: Rejection from resistance with bearish candle pattern
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Wednesday 2 July: USD to recover short term? The general market mood remains positive, and particularly sentiment for the USD remains in the douldrums. All of a sudden, there is talk of three FED cuts by the end of the year (although I think that's a bit ambitious). A soft NFP report could cement multi year USD weakness.
But pre (Thursday's) NFP I suspect we could see some dollar profit taking.
Currently, I see 'risk on' short JPY (or CHF) as very viable, the risk to a trade would be USD liquidity if the dollar continues to weaken.
Recommended trade: AUD JPY long
USDJPY: Strong Bullish Price Action 🇺🇸🇯🇵
I see 2 strong bullish confirmation on USDJPY after a test of a key daily
support cluster.
The price violated a trend line of a falling channel and a neckline of
an inverted head & shoulders pattern with one single strong bullish candle.
The pair may rise more and reach 144.45 level soon.
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DeGRAM | USDJPY formed the triangle📊 Technical Analysis
● Price defended the 142.80 confluence (triangle base + channel median), printing a bullish hammer and reclaiming the short-term trendline; structure now forms an ascending triangle inside the broader consolidation.
● Momentum is rising toward 146.50 – the pattern’s 1:1 swing and prior supply – with the next objective the upper triangle wall at 148.10. Invalid if candles fall back under 142.80.
💡 Fundamental Analysis
● Rebound in US ISM manufacturing and Fed minutes hinting “no near-term cuts” lifted 2-yr yields, while weak Japanese wage growth keeps the BoJ patient. The widening policy gap revives USD/JPY bid.
✨ Summary
Long 143.4-144.1; targets 146.5 then 148.1. Exit on a 4 h close below 142.8.
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USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 144.200 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 144.200 support and resistance area.
Trade safe, Joe.
USDJPY: Bearish Trend Remains in ControlUSDJPY continues to follow a clear downtrend on the H4 chart, respecting a descending trendline and forming consistent lower highs. The strong rejection at 144.800 and the presence of multiple FVGs further reinforce the bearish structure.
Price is currently retracing to test the FVG zone. If rejection occurs here, the downtrend could resume towards the 141.900 support level.
Trade Setup:
Sell near 144.700
TP: 141.900
SL: above 145.300
Supporting News:
"Risk-on" sentiment is back after strong manufacturing data from China and rising expectations that U.S. interest rates may soon peak, weakening the USD against the JPY.
Are you watching for a short setup like I am?
UJ, will we see a bearish leg today?USDJPY looks quite interesting after the wick rejection from key level 144.000. Will this area be respected and give us a bearish leg. Hmm, let's see how price unfolds for this pair today.
Regards,
Aman | SMC Wolf FX
1-1 student onboarding is currently open (website in my signature & profile)
USDJPY Analysis – Bullish Continuation After Minor PullbackUSDJPY is currently trading around 143.340, and I anticipate a minor pullback into the 143.296 zone, which aligns with a possible bullish order block and discount zone on the H1/H4 timeframe.
This short-term dip could serve as a liquidity sweep or mitigation before price resumes its bullish trend, targeting the 147.381 level — a key area of interest tied to previous highs and potential liquidity above.
I’ll be watching for bullish confirmation (e.g., clean W-pattern, bullish engulfing candle, or break of internal structure) from the 143.296 zone before taking long entries.
🔻 Short-term expectation: Pullback to 143.296
🔼 Primary bias: Bullish continuation
🎯 Upside target: 147.381
📍 Current price: 143.340
📌 Risk Management Reminder: This is not financial advice. Always apply proper risk management:
✔️ Use a minimum of 1:2 RR setups
✔️ Risk no more than 1–2% of your capital per trade
✔️ Wait for clear confirmation before entering
✔️ Protect your account — preservation over prediction
USDJPY| - Weekky OutlookBias: Bullish
HTF Overview (4H):
Price has shown bullish intent by breaching a major internal high and taking out significant sell-side liquidity (SSL) before mitigating the 4H order block below. This suggests a bullish narrative is forming, even though the 4H swing high hasn’t been taken yet.
LTF Confirmation (30M):
Currently showing bearish momentum. I’ll wait for a clean CHoCH to confirm shift in intent. Once price sweeps liquidity and mitigates a valid 30M OB, I’ll look for entries.
Entry Zone:
After liquidity sweep + OB mitigation on 30M (or refinement on 5M), I’ll execute the setup.
Targets:
• Scalp: 5M structure highs
• Short-Term Hold: 30M structure highs
• Extended Hold: 4H structure highs (if price action is strong)
Mindset Note:
Structure tells the story, but price action confirms whether it’s worth riding. Even when structure looks awkward, respect is often still given—so stay fluid, but focused.
Bless Trading!
USDJPU 160PIP BAGED LIVE TRADE Japanese Yen sticks to intraday gains; USD/JPY seems vulnerable near multi-week low
The Japanese Yen retains its positive bias against a bearish US Dollar and currently trades near a three-week low touched during the Asian session earlier this Tuesday. The Bank of Japan's (BoJ) Tankan Survey showed that business confidence at large manufacturers in Japan improved for the first time in two quarters during the April-June period.
Potential Long ScalpUSDJPY tried multiple times to test the bear trend extreme after the 3-Push correction.
It seems like bears can't keep price below the EMA, with gaps getting smaller and smaller at each bear swing.
Now, it's forming sort of a Double Bottom at the bull Trend Line at the end of what seems to be a 2-legged bear move. Chances are that the bears are exhausted and if the current candle closes with a bull body or even a small bear body, there could be a good long scalp.
The problem is that it looks like a Barb Wire too, so any Breakout tend to fail. Still, there could be a good opportunity to enter in second leg after a bullish breakout out of the Double Bottom.
USD JPY ACa possible scenario it should hit for tomorrow .
I'm so lost in this market nothing seem to work .still try to survive. a strategy that works for days or even a month dosent have a guarantee to work for next month ,every thing is like gamble . im trying so hard too many ways too see the holy grail yet till now i can say it with trust there is not a easy peasy holy grail of trading ... be ready to looose and be ready to maybe not to gain anything ,, this trading stuff is like an art as u drown in it it only cuase insanity . right now i gotta go ill use trading view as journal now on to see what im doing good luck have fun trading