USDJPY SELL ANALYSIS DOUBLE TOP PATTERN Here on Usdjpy price form a double top pattern and now likely to go down so if line 157.335 break so trader should go for short and expect profit target of 157.009 and 156.627 . Use money management
USDJPY_SPT trade ideas
Ready to tape read Yen for the last hour of trading?? Hello fellow traders!
Let's observe Yen for the last hour of trading for 2024, that is, 0030 to 0130 New York time . My expectation is that the market will not break pdl , but we could see aggressive selling in the last hour. We've already taken buyside and I'm not expecting it to go above 158.082, which is the 26th Dec '24 high. Short term sellside objectives seem obvious. Do they seem obvious to you?
Not a trading advice.
Enjoy the holidays and wish you all a Happy and Prosperous New Year 2025!!
USDJPY Swing TradingSL 157.18
TP 161.57
R:R 1:6
This is a good moment for a buying position, good trade everyone!
USDJPY Potential UpsidesHey Traders, in tomorrow's trading session we are monitoring USDJPY for a buying opportunity around 156.700 zone, USDJPY is trading in an uptrend and currently is in a correction phase in which it is approaching the trend at 156.700 support and resistance area.
Trade safe, Joe.
What influences $USDJPY & how $6J futures work.This is a “checklist” of computed and grouped time series which illustrate both what directly influences FX:USDJPY (in terms of interest rates and differences thereof) as well as how $6J futures work and how their basis is computed and compared side-by-side to its no-arbitrage value.
I use this myself so I’m sharing in case it’s useful to others.
Analysis USD/JPY Technical Analysis
The USD/JPY chart showcases a critical price action setup, emphasizing key levels of support and resistance with potential trade opportunities.
1. Resistance Zone:
The pair is currently trading near a strong resistance level at 158.1, where price rejection has been observed multiple times. This suggests a significant barrier to upward momentum unless a clear breakout occurs.
2. Support Zone:
On the downside, a key support level is identified at 156.0, which has historically acted as a floor for price reversals. This level will be crucial in determining the pair's next directional move.
3. Forecasted Price Movement:
The price action indicates a potential bearish retracement toward the 156.0 support zone, as shown by the descending trendline. Should the price breach this support level, it could trigger further bearish momentum. Conversely, a break and close above 158.1 would signal bullish continuation, opening the door for higher highs.
Trading Strategy:
Bearish Scenario: Look for short positions if the price rejects the resistance zone or breaks below the 156.0 support, with targets around 155.5 or lower.
Bullish Scenario: Monitor for a breakout above 158.1, confirming upward momentum. This could offer long opportunities, targeting 159.0 and beyond.
Risk Management:
Ensure proper risk management by placing stop-loss levels above 158.5 for shorts and below 156.0 for longs. Use a favorable risk-reward ratio to optimize returns.
USDJPY SELL ANALYSIS AT RESISTANCE ZONE Here on Usdjpy price has been in uptrend and later forming some downtrend with resistance around 157.906 which means is likely to go down more and trader should expect profit target of 157.562 . Use money management
USD/JPY on the Verge of a Breakout: Key Levels to Watch!USD/JPY is encountering resistance at the trendline, previously a support level. The price attempted to break through earlier but faced rejection. Now, it is approaching the resistance level again, showing breakout potential.
We anticipate a possible breakout above the resistance trendline. A key support zone, marked in grey, provides a critical level to watch for pullbacks or reversals. Monitor price action for confirmation.
DYOR, NFA
USDJPY another -700pips fall comingWe are looking for another huge dump here like the red arrows mentioned on the chart two major daily resistance zones now are both strong to dump the price and form some correction to the downside.
DISCLAIMER: ((trade based on your own decision))
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USD/JPY to continue its upward trendThe USD/JPY pair has moved higher on the one-hour timeframe after breaking the 155.83-156.75 resistance range and is now consolidating above this range.
The next technical targets include the 158.95 level (1.272 Fibonacci level) and the 161.76 level (1.618 Fibonacci level). The moving averages and the Ichimoku cloud support the continuation of the uptrend.
The key support range of 155.83-156.75 plays an important role in maintaining the uptrend, and a break of this level could change the trend.
Demand for the US dollar appears to continue to support this move.
Xi dont think the underlying will go to 160.00 as bnn bloomberg says. not after yen sinks 5 month low.
And neither after BOJ shout out warning on yen
Take profit target was metPrice made LL, LH, retested LH area and broke it to hit my target at 48pips
USDJPY: Cup and Handle Pattern Presents Buying Opportunity.A well-defined cup and handle pattern has emerged on the 4-hour USDJPY chart, signaling a potential reversal and buying opportunity
Market Analysis
The pair has been consolidating within a distinct range, forming a cup-shaped correction. A bullish handle has formed, indicated a potential upside breakout. The hawkish Fed outlook and rising US yields continue to support the USD.
Trading Strategy
Entry Zone: 157.200 - 157.700
Stop Loss: 155.000
1. TP1: 159.000
2. TP2: 160.200
3. TP3: 161.500
4. TP4: 162.700
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
Hello Traders, here is the full analysis.
I think we can soon see more fall from this range! GOOD LUCK! Great BUY opportunity USDJPY
I still did my best and this is the most likely count for me at the moment.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
USDJPY POSSIBLE SELLThe market is currently testing the current Daily area. Based on 4HR TF, the market seems to be forming a possible reversal pattern via price action.
We could see SELLERS coming in strong should the current level hold.
Disclaimer:
Please be advised that the information presented on TradingView is solely intended for educational and informational purposes only.The analysis provided is based on my own view of the market. Please be reminded that you are solely responsible for the trading decisions on your account.
High-Risk Warning
Trading in foreign exchange on margin entails high risk and is not suitable for all investors. Past performance does not guarantee future results. In this case, the high degree of leverage can act both against you and in your favor.
usdjpy sellThe USD/JPY trades around 157.70 on Friday. Daily chart analysis indicates a continued bullish trend, with the pair moving upwards within an ascending channel pattern. The 14-day Relative Strength Index (RSI) is just below the 70 level, reinforcing the bullish outlook. A breakout above the 70 mark could signal an overbought condition, which might lead to a potential downward correction for the pair.
The USD/JPY pair could test its monthly high at 158.08, reached on Thursday. A break above this level could support the pair to target the upper boundary of the ascending channel near the 160.30 level.
USDJPY SHORTUSDJPY, has taken quite a bit of time to retrace downwards. As JXY gains momentum , USDJPY is now ready to drop.
Observations: as long as, the key trendline is not broken we should see a correction to around 153
Friday Drop UJThe last 8 hours of UJ in 2024. Higher highs equals lower lows. Here is a sample of my prediction for the day but also the beginning of 2025. Massive correction in the market.
USD/JPY Analysis: Pair Reaches 5-Month HighUSD/JPY Analysis: Pair Reaches 5-Month High
The Japanese yen remains under pressure, trading near a five-month low against the US dollar. This trend is primarily driven by differences in monetary policy approaches.
On one side, the Federal Reserve maintains a hawkish stance, signalling a gradual slowing of monetary easing in 2025.
On the other, the Bank of Japan continues its cautious approach to policy tightening, as confirmed by a Reuters report published today. Although Japan’s Finance Minister issued warnings this week about potential market interventions, these statements have had little immediate impact.
According to technical analysis of the USD/JPY chart, the pair is trending within a well-defined upward channel (marked in blue) with the following notable developments:
→ In September, the psychological level of 140 yen per dollar served as strong support for bulls, while in December, this shifted to 150 yen per dollar (as indicated by arrows).
→ Since September, price movements have established a steeper upward channel (highlighted in purple).
→ The pair has now reached the median line of the longer-term blue channel, suggesting a potential for more stable trading. This stability may also be supported by reduced trading activity during the holiday season.
The current price action mirrors the conditions seen in summer 2024, when the pair steadily rose toward the critical level of 160 yen per dollar. As we enter early 2025, bulls may once again test this key threshold, seeking to push the pair higher.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice
USDJPY broke its 15min chart pattern to the upsideQuick and simple trade. 20 pip stop loss from the candle that closed above the resistance with a 40 pip take profit and RR 2:1
USDJPY:Breakout and Retest Strategy with Key Level and IndicatorFX:USDJPY USD/JPY: Breakout and Retest Strategy with Key Levels and Indicators
Analysis:
Price Action Strategy:
Break of Structure (BOS):
The chart shows multiple BOS levels, indicating significant price movements. The first BOS is around 157.173, and the second BOS is around 157.793.
Equal Highs:
The price has formed equal highs around 158.000, suggesting a potential resistance level.
Swing High and Swing Low:
The swing high is at 157.793, and the swing low is at 157.173.
Smart Money Concepts (SMC):
Order Blocks:
The chart shows potential order blocks around the BOS levels, which can act as support and resistance zones.
Liquidity Zones:
The equal highs around 158.000 indicate a liquidity zone where stop orders might be placed.
ICT Strategy:
Fibonacci Retracement:
The Fibonacci levels (0.382, 0.5, 0.618, 0.705, 0.786) are drawn from the swing high to the swing low, indicating potential retracement levels.
Volume Profile:
The volume profile shows high trading activity around 157.793 and 157.173, indicating strong support and resistance levels.
Indicators:
RSI:
The RSI is currently around 55.68, indicating a neutral market condition.
MACD:
The MACD shows a potential bullish crossover, suggesting a possible upward movement.
Volume:
The volume bars indicate increased trading activity around the BOS levels.
Buy Signal:
entry: 157.793
tp1: 158.000
tp2: 158.500
sl: 157.173
Sell Signal:
entry: 158.000
tp1: 157.793
tp2: 157.173
sl: 158.500
Follow @Alexgoldhunter for more strategic ideas and minds
I'm Bullish on USDJPY | FundamentalInstitutional Momentum:
On Dec. 19, USD/JPY trading volume surged to $23 billion, and options activity targeting 160-165 exploded, signaling institutional confidence in further upside.
Why I'm Buying Now?
The market is aligned with my thesis: hedge funds are piling into bullish USD/JPY positions, and the technical and fundamental setup supports further upside. While intervention risks exist, they’re manageable below 160, making this an ideal opportunity to capitalize on macro and market momentum.
