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USD/JPY_SPT - USD/JPY

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USDJPY_SPT trade ideas

A USD C Leg Would Offer Mega Profits. Here's a complimenting USDJPY analysis to the C leg hypothesis explained in the below post. I've been buying USDJPY a lot recently. Heavily loading up into the aggressive crash moves intraday, moving stops to even and by this point fully expecting that nice clean rip to new daily highs, where I begin to trail stops and look to repeat into the next crash. It's started to feel really easy of late, and that's always a good reason to be cautious. Because although it is true there are times it's easy trading the trend, it is always easy trading the trend heading into the reversal. Heading into a reversal aggressive dip buying is heavily rewarded. That's what makes it feel like a good idea to dumb stuff into the reversal. The USD reversal here would be an epic trade. A case can be made for the high of USDJPY being in now and this being a bull trap rally. Inside of that case, we'd now be at the area where there is most risk of it turning. We have the 76 rejection and the 61 retest. In a strong move, we're usually going to see the 61 reject. If the USDJPY high is not made with the 76 but there is going to be a big high in it, then we'd likely see a butterfly. That'd mean a hyper bullish USD in the near future but that being a false breakout. Top to bottom that trade would pay a little over $300 per 0.01 traded. These are big numbers when you consider your risk per 100 pips is $7 trading at 0.01. USDJPY could have a little more go to fill local short level but to bet on the high being in the risk on the trade looks like this. If that trade fails as a reversal pattern then usually the most bearish thing you can hope for is a big spike to fill the butterfly. That's another great level to try to fade the move inside of a narrow zone but given that if the 76 trade fails usually the best case is a bearish butterfly - this is really bad for immediate term shorts. It'll go parabolic even if you're generally right. And if you're entirely wrong it's just going to trend against you. All pullbacks ending higher than the last. I feel like a lot of the times there are major reversals in USDJPY we see a really strong open to the week. This can come off a gap down. I remember a big USDJPY recent high being a 50 pip gap down, recovery and then 200 pips up in a minute into the high. Anything tell tale like that early in the week I'd probably be interested in fading around the resistance levels. If we keep rallying through I'll stick with my buying all dips strategy with USDJPY and review it at the 1.61 if we get there. But if we see a sharp break in this I'm going to start to act as if we're inside of a developing C leg. Inside of a big C leg the small chart action would usually be something like this. And this would pick up momentum as it went until it turned into a full blown crash. If all of that happens, I think we'll see the most spectacular of USD rallies after it. A mighty crash in USD could set the scene for a really big and sustained rally. Would be really obvious to look for if the C leg idea hits.
Short
by holeyprofit
USDJPY Wave Analysis 13 December 2024 - USDJPY reversed from support zone - Likely to rise to resistance level 156.35 USDJPY currency pair recently reversed up from the support zone located between the key support level 149.20 (former low of wave ii from the middle of October), lower daily Bollinger Band and the 38.2% Fibonacci correction of the upward impulse (1) from September. The upward reversal from the support zone started the active intermediate impulse wave (1). Given the clear daily uptrend, USDJPY currency pair can be expected to rise further to the next resistance level 156.35, top of the previous impulse wave (1).
Long
by FxProGlobal
USDJPY BUY | Idea Trading AnalysisUSDJPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit. 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. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝
Long
by TheGrove
6
Possible 1000pip Projection For 2025Following up on our previous analysis of USDJPY, we’re now active on this trade. As the market unfolds, we’ll be looking for opportunities to scale in with additional positions. Always remember, the market has the final say—it’s not about being right but about staying adaptable. Ensure you’re applying proper risk management and stay optimistic. Keep an open mind and trust the process. Stay tuned here for regular updates as we let patience lead the way. Ieios!
by Ieios
4
FINAL UPDATE FOR THE USD/JPY TRADEUSD/JPY 1H - Afternoon people, this is the final update for our UJ trade, as you can see price has played out perfectly. Within 4 days our TP has been achieved with very little issues at all. Price pulled back multiple times to give us the opportunity to get introduced again and again, so if the first two opportunities I presented to you all were missed you still had the ability to get involved with a refined entry. This trade took profit for + 332 pips. (+ 16%) 16RR A big well done to any of you who got involved in this market this week based on the analysis provided and from the Sunday Sessions video, I hope you all managed the trade accordingly to make the most from the position. Its important that we take partials and apply safety measures throughout the the trade, this allows us to maximise profits from our positions whilst minimising losses. Any questions drop me a message or comment below!
Long
by Lukegforex
USD/JPY Analysis: Recovery Amidst Economic ShiftsThe US Dollar (USD) continues to make gains against the Japanese Yen (JPY), particularly following an upward revision of Japan's GDP for the third quarter. As a result, the USD/JPY pair has climbed back above the 150.45 level while I write this article. The Yen is facing some selling pressure, significantly influenced by growing uncertainties about the Bank of Japan's (BoJ) potential interest rate hikes in December, which has contributed to the JPY's underperformance against its USD counterpart. From a technical analysis viewpoint, the recent price rebound has occurred in a notable demand area on the weekly chart, where the currency pair has shown a decisive response. The price action suggests that there is strong buying interest in this zone, which may set the stage for further upward movement in the USD. Interestingly, seasonal forecasts hint at a possible bearish trend based on historical data over the last ten years. However, the current market dynamics and the way the price has reacted to the demand area indicate that there might be the potential for upward momentum for the USD in the near term. Additionally, geopolitical tensions and concerns surrounding incoming US President-elect Donald Trump's anticipated trade tariffs add another layer of complexity to the situation. Such uncertainties regarding trade policies are likely to support the Japanese Yen as a safe-haven currency, but the evolving landscape could limit significant downside movements. As investors prepare for the upcoming US consumer inflation figures, many may choose to remain on the sidelines. These data points will be crucial, as they could provide insight into the Federal Reserve’s trajectory regarding interest rate cuts, which in turn could enhance market momentum for the USD/JPY pair. With the current technical setup and market sentiment, we are keenly observing for a long entry point in the USD/JPY pair. As the economic landscape evolves and we gather more data, this strategy may provide advantageous opportunities for traders looking to capitalize on potential USD strength against the Yen. In summary, amidst the shifts in economic indicators and geopolitical challenges, the USD/JPY pair is positioned for potential upward movement, marking an exciting time for traders in this currency market. ✅ Please share your thoughts about USD/JPY in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
Long
by FOREXN1
3