#USDJPY Buy Setup🔼#USDJPY Buy Setup
Currently Trading At 149.588 , Buy On Dip At 149.158 and Buy More At 148.105 If Come For The Target 152.937—156.971
USDJPY_SPT trade ideas
USDJPY LONG?A double bottom, on the 1hr timeframe, triple bottom/inverted head & shoulders on the RSI
followed by an RSI divergence, am I onto something??
Usdjpy SCENARIO 21/02/2025Morocan Darija : kanchof price BEARISH
English : there is possibility of a BEARISH scenario.
ATENTION : I only share my ideas, not signals.
USDJPY BUY (Weekly View)Based on a current five point wave of trend that has been consistently bound to the last 8 months, this current downtrend leaves breathing room on the retracement of 50% to now extend longer-term higher towards targets of 168 (+50%) on the fib. I would also look at anymore drops on the fib as further buying opportunities if the 50% doesn't hold. Either setup still remains consistent with the uptrend.
USDJPY Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 149.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 149.900 support and resistance area.
Trade safe, Joe.
USDJPY solid A+ setupfull margin trade, no doubt about it
previous USDJPY short was a TP hit
if price will fall deeper than i would expand my fibonacci
USDJPY Wave Analysis – 20 February 2025
- USDJPY broke support zone
- Likely to fall to support level 148.70
USDJPY currency pair recently broke the support zone between the support level 151.00 (which formed the daily Morning Star at the start of February) and the 50% Fibonacci correction of the previous upward impulse from September.
The breakout of this support zone accelerated the active short-term impulse wave 3 – which belongs to wave (3) from January.
USDJPY currency pair can be expected to fall to the next support level 148.70 (the former monthly low from December).
Why Morgan Stanley and MUFG back JPY? Morgan Stanley and MUFG both see the Japanese yen as the strongest G10 currency in 2025. They expect it to gain value as U.S. interest rates fall and Japan’s central bank raises its own.
On the daily chart, USD/JPY oscillators are still away from being in the oversold zone, suggesting that the path of least resistance could to the downside.
MUFG predicts further yen gains, especially against the euro, and has set a target of 150 for EUR/JPY, down from 157.
Morgan Stanley also favors the Australian dollar. Meanwhile they believe the New Zealand dollar will appreciate but underperform the Australian dollar due to a weaker domestic outlook.
USDJPY USD/JPY is the currency pair that represents the exchange rate between the U.S. dollar (USD) and the Japanese yen (JPY). It indicates how many yen are needed to buy one U.S. dollar. This pair is heavily influenced by U.S. and Japanese economic policies, interest rate differentials, and global risk sentiment. It is one of the most traded currency pairs in the forex market.
short idea my previous idea was long and price did not go long from daily structure
its oka to be wrong as long as you learn from it and since price broke out of a daily strong support structure, we now understand the current trend of price is bearish
i am anticipating a retest of broken structure for selling opportunities
Bullish bounce off overlap support?USD/JPY is falling towards the pivot which is an overlap support that aligns with the 138.2% Fibonacci extension and the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 149.37
Why we like it:
There is an overlap support that aligns with the 50% Fibonacci retracement and the 138.2% Fibonacci extension.
Stop loss: 147.14
Why we like it:
There is a pullback support level that aligns with the 61.8% Fibonacci retracement.
Take profit: 151.27
Why we like it:
There is a pullback resistance level.
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USD/JPY Selling Opportunity🔽 USD/JPY Selling Opportunity 🔽
📌 Take Profit 1: 148.96
📌 Take Profit 2: 148.38
📌 Stop Loss: Above 150.35
💡Reasoning:
The USD/JPY pair has recently shown signs of weakness, with a potential reversal forming after hitting resistance around the 150.35 area. With key technical indicators suggesting a bearish momentum, we are anticipating a move down towards the support levels at 148.96 and 148.38. The risk of further upside seems limited unless we see a break above 150.35.
Make sure to manage your risk and trade carefully. Stay updated for more insights!
USDJPY TEST 1W BULL ORDERBLOCKThis pair has been on a bearing channel that liquidated the daily Inducement zone.
Going forward we can expect a retrace to the recent marked 4H bearish order block and possible break it and move towards the long term buyside liquidity.
WEEKLY MARKET OVERVIEW FOR MAJOR CURRENCY PAIRSWEEKLY MARKET OVERVIEW FOR MAJOR CURRENCY PAIRS
1️⃣ NDZUSDT
Overall, the weekly (W) and monthly (M) trends are in a SELL direction ⬇️
However, at the beginning of the week, W will correct upwards (BUY) before facing price resistance around 0.589 - 0.592, which is a potential SELL zone ⚠️
Setup:
✅ BUY at the beginning of the week using Rainbow MG3 indicator on H1 - D1
❌ SELL after price reacts at resistance using Rainbow MG3 on M15 - H4
📊 Projected chart attached
2️⃣ AUDUSDT
The overall trend on W and M is SELL, but D1 is currently correcting upwards 🔄
Setup:
✅ BUY H1 - D1 using Rainbow MG3 indicator
❌ SELL H1 - D1 using Rainbow MG3 indicator
🔁 Trade both directions based on Rainbow MG3 signals
📊 Projected chart attached
3️⃣ EURUSDT
✅ BUY H1 - D1 using Rainbow MG3 indicator
❌ SELL H1 - D1 using Rainbow MG3 indicator
🔁 Trade both directions based on Rainbow MG3 signals
📊 Projected chart attached
4️⃣ GBPUSDT
✅ BUY H1 - D1 using Rainbow MG3 indicator
❌ SELL H1 - D1 using Rainbow MG3 indicator
🔁 Trade both directions based on Rainbow MG3 signals
📊 Projected chart attached
5️⃣ USDCAD
Setup:
✅ BUY H1 - D1
📊 Projected chart attached
6️⃣ USDJPY
Setup:
❌ SELL H4 - W
📊 Projected chart attached
⚡ Trading Signals Confirmation
All trade setups require confirmation using the Rainbow MG3 indicator before execution ✅
USD/JPY Breaking Lower, Fib Levels in Play📉 Key Breakdown Below 150.00
USD/JPY has fallen sharply, breaking below key support at 151.50 (38.2% Fib retracement) and testing 149.63 (50% Fib level).
The pair is trading below both the 50-day EMA (153.80) and 200-day EMA (152.17), reinforcing downside pressure.
🔍 Technical Levels to Watch:
Support:
149.23 (50% Fib retracement) → Current price is testing this level.
146.95 (61.8% Fib retracement) → Next major downside target.
143.71 (78.6% Fib retracement) → Deeper bearish target.
Resistance:
151.50 (38.2% Fib retracement, former support, now resistance)
152.17 (200-day EMA) → A key level to reclaim for bulls.
📊 Momentum Indicators Bearish:
RSI at 33.18 → Near oversold territory, but still trending downward.
Bearish momentum accelerating, further losses possible.
🔻 What’s Next?
If USD/JPY holds below 150.00, expect further downside toward 146.95.
A recovery above 151.50 could neutralize the immediate bearish outlook.
Right now, momentum favors the bears, and lower Fib levels remain in focus.
-MW
USDJPY SHORT SETUP USDJPY overall 4 hour trend is Bullish (Major Trend) the current trend is a retracement and could still push lower to maybe the equal, we have a 4hour break with a 30 min confirmation that we could continue selling.
USDJPY BUYTo my analyses a buy going to happen at this level and the stop loss can be adjusted to your own risk tolerance
USDJPY Trade Setup - Potential Recovery? 3-4 Hour Deadlie📊 USDJPY Trade Setup - Potential Recovery? 📊
Watching for a retracement towards 149.90+ as price shows signs of a pullback after a sharp drop.
🔹 Current Price: 149.77
🔹 Target Zone: 149.90
🔹 Deadline: Before 11:00 UTC
Will price reach the target before the deadline? Let’s see how it plays out! 🔥 Drop your thoughts below! 👇🏼
#USDJPY #Forex #Trading #TechnicalAnalysis #PriceAction #MarketMoves #TradeSetup #ForexCommunity
USD/JPY (1H)USDJPY: Strongly broke out the support level, which now becomes a resistance zone:
When the price returns to the red zone, sellers could push the price down again.
USDJPY : A study of what worksMany methods are used. Some work, Many don't. The most important thing is to use our common sense to find out. Discard immediately, and never look back at those that do not work.
First, the Trendliners. They would not be playing because their fav lines are not present.
Next is the Demand & Supply aka Liquidity Zones player. I think they would prefer to wait a bit longer. Only if they look at the bond yield, their views might differ.
Then there are also those who like Fib retracement for the fav 50% is also near.
Finally, some like me prefer to use the D, plus a few other 'indicators'. Price is already showing a reaction now.
Let's discover what works, @ +/- 10 pips.
Good luck.
USDJPY weaker on hawkish BoJ expectationsThe JPY (Japanese Yen) continues to strengthen against US Dollaar amid rising bets for additional BoJ rate hikes. The USDJPY currency pair price action sentiment appears bearish, supported by the longer-term prevailing downtrend.
The key trading level is at 152.50, which is the current swing high. An oversold rally from the current levels and a bearish rejection from the 152.50 level could target the downside support at 149.30 followed by 147.80 and 147.20 levels over the longer timeframe.
Alternatively, a confirmed breakout above 152.50 resistance and a daily close above that level would negate the bearish outlook, opening the way for further rallies higher and a retest of 154.30 resistance level followed by 155.70.
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USDJPY (LONG)
1)Elliot wave count 1-5 after retest of breakout.
2) we are on a pullback before continuing with direction (abc still valid)
