USDJPY rinse and repeat of yesterday and monday guys , wait for close below 149.545 for short . break and retest , hopefully we get a nice drop
U.S. Dollar / Japanese Yen forum
๏ปฟUSDJPY rinse and repeat of yesterday and monday guys , wait for close below 149.545 for short . break and retest , hopefully we get a nice drop
USDJPY ๐ USDJPY Daily Analysis based on Main Key Levels - April 2, 2025
Market Snapshot ๐น
Daily Current Market Price (DCMP): 149.737
Above DCMP: Resistance Zone ๐
Below DCMP: Support Zone ๐ก๏ธ
Swing Extremes:
๐บ Swing High: 151.306
๐ป Swing Low: 148.174
Critical Technical Levels ๐ฅ
Resistance Cluster (Sell Zones) ๐
๐ฏ 150.023 (Immediate Resistance)
๐ฏ 150.742 (Weekly Pivot Confluence)
๐ฏ 151.306 (Swing High Ceiling)
Support Matrix (Buy Zones) ๐
๐ก๏ธ 149.133 (Daily Pivot Support)
๐ก๏ธ 148.859 (Fibonacci 61.8% Retracement)
๐ก๏ธ 148.287 (Swing Low Alignment)
Technical Landscape ๐งฉ
Momentum Configuration:
๐ RSI: Neutral at 49.5 (No clear divergence)
โก MACD: Flatlined near signal line, awaiting momentum shift
Fibonacci Framework:
149.133 aligns with 38.2% retracement of recent swing
150.742 matches 61.8% extension from March 28th rally
Price Action Signals:
๐ด Bearish pin bar at 150.023 resistance
๐ข Bullish engulfment pattern at 148.859 support
Intraday Trade Setups ๐ผ
๐ข Intraday Buy Trade Setup
Entry: 148.287 ๐ฏ (Swing Low + Fib Cluster)
Stop Loss: 147.950 ๐ด (Below Critical Support)
Take Profit 1: 148.859 ๐ (Daily Pivot Breakout)
Take Profit 2: 149.578 ๐ (Weekly Resistance Test)
๐ด Intraday Sell Trade Setup
Entry: 150.023 ๐ฏ (Daily Resistance + Fib Barrier)
Stop Loss: 150.742 ๐ด (Above Weekly Resistance)
Take Profit 1: 149.133 ๐ (Pivot Support Retest)
Take Profit 2: 148.287 ๐ (Swing Low Target)
Risk Management Protocol โ ๏ธ
Maintain 1:3 risk-reward ratio for high-probability trades
Position size โค1.2% of trading capital
Monitor BOJ policy statements (08:50 GMT) for JPY volatility
Technical levels verified through TradingView. Valid until April 3 NY Close.
Pro Tip: A sustained break above 150.023 ๐ could trigger 100+ pips rally toward 151.306. Watch price reaction at this make-or-break level! ๐ฅ
USDJPY precursor IF it holds below 149.713 on this 4H ๐
USDJPY Time to die, USDJPY. Yen to infinity. US rates to 0%.
USDJPY up up up again๐ฐ๐ฅ
USDJPY Does anybody think that the price was already supported by the tariff talkUSDJPY 146 today?!!! Would love to see that 140 one more time.USDJPY Were going to find out when London session kicks off. Im excited. Tarrif Day!! Experts came out yesterday and noted that its going to be bad for the USA economyThe most significant activity and volume of open interest is precisely at the current market price. This suggests high conviction (or high disagreement) among participants at this specific level. Away from this central point, positions are more distributed, representing traders who entered earlier and are now either holding profits or losses. Traders are actively participating right now around the 149.805 level, with large numbers holding both long and short positions entered near this price. This level is a critical battleground.
Other traders are waiting passively, looking to buy dips into predefined support levels below the current price or sell rallies into predefined resistance levels above the current price.
The market seems poised at a decision point. A move away from the high-volume node at 149.805 could potentially trigger stop-losses for those positioned on the wrong side of the cluster, potentially accelerating the move as it breaks into areas with thinner open positions but potentially thick limit orders. Who's going to get trapped? Hopefully not me!! BABY NEEDS DIAPERS!!
Other traders are waiting passively, looking to buy dips into predefined support levels below the current price or sell rallies into predefined resistance levels above the current price.
The market seems poised at a decision point. A move away from the high-volume node at 149.805 could potentially trigger stop-losses for those positioned on the wrong side of the cluster, potentially accelerating the move as it breaks into areas with thinner open positions but potentially thick limit orders. Who's going to get trapped? Hopefully not me!! BABY NEEDS DIAPERS!!
USDJPY it's not going anywhere up if it can't get above the 200 on the 1-hour chart . I've been short for 2 days and back to square one. lmao