SHORT Price broke previous low and retested to establish new lows, created CHoCH which confirms more lows on 5/15/30mins tfs. Target 156.809 as take profit
USDJPY_SPT trade ideas
USDJPY Exhibiting a Bullish PatternThe USDJPY a Bullish Pattern Based on the market Condition price will Move in to Buy Side.
The Key Resistance Zone to watch the around 160.000if the Price reached or Resistance Zone Could may be Strong selling zone Pressure or a Possible Reversal.
Keep Eye on the Target any Fundamental factors such as economic data Releases or geopolitical events that could impact On the USDJPY Price movement During the Day.
Rate Share idea Whats Going on Thanks.
USDJPY SHORTThe bearish trend continues on USDJPY, after a 1hour time frame correction. The pair is ready for another sell-off.
USD/JPY "The Gopher" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Based on 🔥Thief Trading style technical analysis🔥, here is our master plan to heist the USD/JPY "The Gopher" Forex market. Please adhere to the strategy I've outlined in the chart, which emphasizes long entry. Our aim is the high-risk Red Zone. Risky level, overbought market, consolidation, trend reversal, trap at the level where traders and bearish robbers are stronger. 👀 So Be Careful, wealthy and safe trade.💪🏆🎉
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Goal 🎯: 163.000
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USDJPY , 15MinThis is USDJPY, everything is clear on the chart I have daily FVG highlighted in bigger zone (yellow) then I have rising triangle ,I’m waiting for it to reach 2nd POI. Then I’m buying , on ‘IG’ nhlakanipour_nkabinde
Let’s get this money
USDJPY , 15MinThis is USDJPY, everything is clear on the chart I have daily FVG highlighted in bigger zone (yellow) then I have rising triangle ,I’m waiting for it to reach 2nd POI. Then I’m buying , on ‘IG’ nhlakanipour_nkabinde
Let’s get this money
USD/JPY continue with the UptrendOn USD/JPY , it's nice to see a strong buying reaction at the price of 155.340 and 154.640.
There's a significant accumulation of contracts in this area, indicating strong buyer interest. I believe that buyers who entered at this level will defend their long positions. If the price returns to this area, strong buyers will likely push the market up again.
Uptrend and high volume cluster are the main reasons for my decision to go long on this trade.
Happy trading
Dale
USDJPY → Price Struggles at Resistance, Eyes a PullbackHello, my wonderful friends of Ben!
Recently, USDJPY has been struggling to maintain its peak around the 154.00 USD level. The bullish momentum of USDJPY has been hindered by several factors, including the ongoing Fed interest rate meeting.
Fundamentally, today is a critical day for the market. At 19:00 GMT, the Fed’s interest rate meeting, with a 93% probability of a 0.25% rate cut decision, will take place. This will make the dollar less attractive. If the dollar starts to adjust downward, it will affect the corresponding currency pairs. However, I do not rule out the possibility that, amidst high volatility, the price could form a retest of the resistance level and a false breakout.
Personally, Ben expects the price to consolidate below the resistance area around 155.00, with corrective pressure against the trend dominating in the near future. The current support level is around 152.01. If this level is breached, it could lead USDJPY to a deeper decline, potentially reaching 149.37.
Best regards,
Bentradegold!
Fundamental Market Analysis for December 23, 2024 USDJPYDoubts about the Bank of Japan's rate hike plan and widening yield differential between the US and Japan put pressure on the yen.
Traders are expecting a short-term boost from the US consumer confidence index, which will be released on Monday.
The Japanese yen (JPY) starts the new week on a softer note and remains a short distance from the five-month low reached on Friday against its U.S. counterpart. Doubts over when the Bank of Japan (BoJ) will raise interest rates again have proven to be a key factor weighing on the JPY. In addition, the recent widening of the yield differential between the US and Japan, backed by the Federal Reserve's (BoJ) tightening stance, is undermining the low-yielding JPY.
Added to this, the overall positive tone in equity markets is reducing demand for the safe-haven yen. Meanwhile, strong inflation data released in Japan on Friday left room for a potential BoJ rate hike in January or March. This, along with subdued US Dollar (USD) price action, did not help the USD/JPY pair to realize upside potential in the Asian session in the absence of any fundamental catalyst.
Trade recommendation: Watch the level of 156.00, when fixing below consider Sell positions, when rebounding consider Buy positions.
USDJPYUSDJPY is moving to update the roof and on a slightest change in monetary policy by bank of Japan we could see monthly candle rejection based on overall trend direction of the pair.
USDJPY💡The chart shows technical analysis of the USD/JPY currency pair on the daily time frame (D1). If the price remains within the liquidity zone, there may be an opportunity to sell with a target towards support levels (S1 or S2). If the price breaks the liquidity zone to the upside, it may head to the next resistance (R.1).
MACD indicator: It indicates clear upward momentum, which supports the continued rise to resistance areas. However, you should constantly monitor the indicator, especially if the green bars start decreasing or red bars appear, to identify any possible reversal. We wait for the selling momentum to start.
⛔️It is not investment advice for educational purposes only.
Bearish drop?USD/JPY is reacting off the pivot which has been identified as a pullback resistance and could drop to the 1st support which aligns with the 38.2% Fibonacci retracement.
Pivot: 157.85
1st Support: 154.75
1st Resistance: 161.80
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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.
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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.
USDJPY Pullback Analysis"All Insights are given on Chart"
(Follow for more Valuable Updates)
Note :
Do your own Research and Trade Wisely Never rely on my opinions.
Good Luck folks
USDJPY 15min ChartThe price is testing resistance near 156.400. A bearish reversal could send it toward the key demand zone at 154.500.
A short-term rejection is anticipated, followed by a lower high before resuming the bearish trend.
The critical target lies near 154.500, a significant support level where buyers may regain control.
Projection of a bullish buyRight now there is a zone that this market may be aiming for before drop down before of next year bullish run circles dollars will drop massively so I am expecting a retest to that buy areas then we look for an entry,,, because we TF still have that selling pressure so it's till in the zone
identifying support and resistance levelshere are some simple exercises to help train your eyes to see important levels, backtesting is crucial to trading success
USDJPY BUY OPPORTUNITY !USDJPY might fall to 152.030(buy limit order) as price gets exhausted and closed around 156.365 our buy limit order has been set at that price level. Price may likely rise to 161.807
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USDJPY LONG | BUY TRADE IDEA (W/B: 23/12/2024)Guyssss! Happy New Year soon! I bring you a gift to close out the year!
As you can see we are in a bullish order flow, with protected lows. With a nice RR of 2.8 on TP1 and 3.07 on final TP, this trade takes advantage of the recent structural breaks.
Enjoy! Good luck and enjoy the end of the year!
EURUSD Is Going Up! Buy!
Please, check our technical outlook for EURUSD.
Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is on a crucial zone of demand 156.354.
The oversold market condition in a combination with key structure gives us a relatively strong bullish signal with goal 157.858 level.
P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought.
Like and subscribe and comment my ideas if you enjoy them!
My Best analysis The chart shows a technical analysis of USD/JPY on the daily timeframe. The key observations include:
1. Resistance Zone (Grey Box): The price is currently near a strong resistance zone around 156.3, which has previously acted as a barrier.
2. Potential Downtrend: The chart illustrates a bearish scenario with a zigzag decline after breaking the support levels at 154.3, 151.9, and 149.6.
3. Support Zone (Pink Box): The area around 148.0 could act as a strong support zone in the longer term.
This analysis suggests a potential sell-off in the coming days if resistance holds. However, market dynamics and fundamentals should also be considered
