USDJPY Short Trade IdeaPurely technical trade setup , looking to see if it'll respect the analysis and head lower.
USDJPY_SPT trade ideas
USD_JPY WILL GROW|LONG|
✅USD_JPY is going up now
After making a retest of the
Horizontal support of 151.841
So we are locally bullish biased
And we will be expecting a
Further move up
LONG🚀
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USDJPY SELLING OPPORTUNITYUSD/JPY Technical Analysis:
A Double Top pattern has formed on the USD/JPY chart, indicating a potential reversal in the market. Here are the key points:
The Double Top pattern suggests that the recent uptrend may be losing momentum, and a breakout below the neckline support could confirm a reversal.
Selling Opportunity:
A break below the neckline support could trigger a selling opportunity.
Best Wishes Tom 😎
USDJPY BREAKING KEY LEVELS TOMORROWUSD/JPY is exhibiting bearish momentum after a rejection at a key resistance level, with multiple upper wicks indicating strong selling pressure. Earlier in the session, a liquidity grab above a prior high triggered buy stops, but the sharp reversal suggests sellers used this opportunity to enter short positions. The pair has broken below an intraday trendline, confirming it as new resistance upon retest, while bearish divergences on the RSI and MACD signal weakening bullish momentum. Additionally, the price is trading below both the 50- and 200-period moving averages, with a death cross reinforcing the bearish trend. Increasing volume on downward moves compared to lighter retracements further supports the likelihood of continued downside pressure.
+ if not today, Monday is the day the lower KL breaks
USDJPY Bullish Trend ReversalUSDJPY is consolidating and showing signs of reversal as the DXY pauses its rally. An inverse head and shoulder pattern is forming on the 2H timeframe, which typically is a bullish reversal pattern. However, we would need a 2h candle close above 151.4 to confirm this reversal with a price target of 152.8. Note that US non form payrolls and unemployment rate reports could invalidate this move and send the price lower.
USDJPY Technical Analysis! SELL!
My dear friends,
USDJPY looks like it will make a good move, and here are the details:
The market is trading on 152.63 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 151.14
Recommended Stop Loss - 153.49
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
USDJPY 1st 1D Golden Cross since June 2023! Bullish!The USDJPY pair has been trading within a long-term Channel Up since the October 21 2022 High. Today it formed its 1st Bullish Cross on the 1D time-frame in 1.5 year (since June 202 2023) and technically it is a very bullish development.
It is not just the standard bullish dynamics of this formation but also that last time we had a Golden Cross, the price bottomed upon the completion of a 1D MACD Bullish Cross, which we also got today and rallied to hit the Resistance 1 level.
As a result, this is a strong buy signal and our Target is just below Resistance 1 at 160.000.
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USD/JPY SHORT FROM RESISTANCE
Hello, Friends!
USD-JPY uptrend evident from the last 1W green candle makes short trades more risky, but the current set-up targeting 151.868 area still presents a good opportunity for us to sell the pair because the resistance line is nearby and the BB upper band is close which indicates the overbought state of the USD/JPY pair.
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USDJPY Short Trade SetupUsd has been gradually losing its gains against Yen after a H/S formation and seemingly has had a shift in trend for the time being. Shorts do seem to be in play so we'll go short on this market.
Entry: 151.06
Target: 147.68 (1:1 RR) & 144.28 (1:2 RR)
Stop: 154.49
USDJPY (10W) High Timeframe AnalysisPosition Trader's Opportunity
The USDJPY pair is currently trending upwards in the long-term. However, in the short-term, we're seeing potential for a downward correction towards the significant support level of 134.51.
Key Levels to Watch:
PIVOT HIGH @ 204.75
SLO2 @ 198.36 ⏳Resistance, major
SLO1 @ 185.44 ⏳
TP4 @ 178.91
TP3 @ 155.40
TP2 @ 140.15
Support, major @ 134.51
TP1 @ 118.20
Pivot Low @ 75.565
Trading Strategy:
A cautious approach is recommended.
While the long-term trend remains bullish, it's crucial to be aware of the potential for a short-term pullback.
📈Holding a long position above 185.44 is HIGH-RISK (the Supply Zone).
📉If the price breaks and closes below 152.16, it could signal a stronger downward trend.
📉 During the downtrend expect the possibility of Price Action reaching Support @ 1.3451
USD-JPY Will Keep Growing! Buy!
Hello,Traders!
USD-JPY keeps growing
In an uptrend and the pair
Made a retest of the horizontal
Support of 151.500 and
A rebound is already ongoing
So we are bullish biased
And we will be expecting
A further move up
Buy!
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Check out other forecasts below too!
USDJPY Is this the end of wave 4?The Elliott Wave Principle suggests a guideline of alternation between corrective waves, particularly between wave 2 and wave 4 of an impulsive wave sequence. This principle helps us identify the nature and behavior of these waves to better understand market structure.
These alternations may occur in many forms, for example: Nature of corrections (sharp or shallow), Depth of correction, Structure of correction (flat or triangle, combinations etc) and Time duration of correction (quick or longer corrections). The alternation helps us anticipate the likely form of wave 4 based on wave 2’s behavior to enhance forecasting accuracy.
So from these theory of alternation together with the rules around the wave principle, Looking at USDJPY at this level of price we have reached the deepest level of correction wave 4 can go. If the formation is correct, then wave 4 should not go beyond the red line. It made sense to me to take a short at the 50% fib retracement to tighten the SL however it is advisable to wait for confirmations, so saying I do believe there is still a plenty of chance for entry.
The Cup and Handle pattern is a bullish continuation pattern The Cup and Handle pattern is a bullish continuation pattern that signals a potential upward breakout after a period of consolidation. It consists of two parts:
Cup: A rounded bottom resembling a "U" shape, indicating a period of consolidation.
Handle: A smaller consolidation phase following the cup, often sloping slightly downward.
In the context of the USD/JPY currency pair, identifying a Cup and Handle pattern involves analyzing historical price charts to spot this formation. As of December 12, 2024, there is no widely reported instance of a Cup and Handle pattern in USD/JPY. However, traders can utilize charting platforms like TradingView to examine historical data and identify such patterns.
USD/JPY BULLISH MOVE LIVEWe can see price move and disrespect the trend line by breaking through!! We are simply waiting for price to break back through to grab a little liquidity and push to the upside
BoJ interest rateIn anticipation of the Bank of Japan's (BoJ) interest rate decision next week, there is potential for a significant appreciation of the Japanese Yen. This could occur if the BoJ opts to raise interest rates, which would likely lead to a decline in the USD/JPY exchange rate, potentially pushing it down towards the 150-151 level within its current trend channel.
USD/JPY awaiting the FED!The USD/JPY exchange rate as of December 12, 2024, reflects an increase of approximately 0.4%, reaching 152.50, driven by November's U.S. inflation data and expectations surrounding Federal Reserve monetary policy. The published data shows a 0.3% monthly rise in headline CPI, slightly above the 0.2% consensus, while core CPI remained stable at 0.3%. On an annual basis, headline inflation rose to 2.7% from 2.6%, and core CPI was steady at 3.3%, in line with projections. These results reinforce expectations for an interest rate cut by the Fed at the upcoming FOMC meeting, with an estimated 84% probability of a 25-basis-point reduction. Markets interpret the data as a sign that inflation is under control, potentially allowing the Fed to adopt a more accommodative policy to support economic growth. The 10-year Treasury yield, stable at 4.226%, indicates relative calm in bond markets, which may help limit volatility in the U.S. dollar. USD/JPY continues to benefit from the yield differential between U.S. and Japanese assets, supporting dollar strength. However, upcoming economic data, such as the PPI and initial jobless claims, will be crucial in confirming or adjusting market expectations. The 152.50 level represents a critical zone: a break above 152.80 could signal further bullish momentum toward 2024 highs, while a pullback might bring the pair to key support at 151.50. The current scenario suggests a consolidative phase, but incoming data and the Fed's decision will be pivotal in shaping future direction.
USDJPY Trade SetupTime Frame:
- Daily: FVG Identification
- H4: FVG Identification
- H1: Entry Signal
1. Trend Confirmation:
Price has consolidated after the break from support at 153.27, down to 148.64.
Price has now rise to 153.00 area, which is inside H4 & Daily FVG zone.
2. Fair Value Gap (FVG):
On the H4 chart noted a Fair Value Gap (FVG) between 152.75 - 153.00
On the Daily chart also note FVG between 1.5195 - 1.5300
3. Position:
Entry: H1 Engulfing candle Close : 152.29
Stop Loss : 153.10
Take Profit: 144.30 (fibo 161.8)
RRR : 1:9.8x
Note: The price has not yet reflected the end of the consolidation phase, as it has not formed a lower low. Therefore, this trade carries higher risk and a higher risk-to-reward (RR) ratio. To mitigate the risk, it is advisable to wait until the price forms a new low or breaks out of the consolidation trend.
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Disclaimer
The analysis and content provided here are intended solely for personal journal and educational purposes. This information does not constitute financial advice, investment advice, or a recommendation to buy or sell any securities. Trading involves significant risk, and you should only trade with money you can afford to lose. Past performance is not indicative of future results. Always conduct your own research and consult with a qualified financial advisor before making any investment decisions.
USDJPY POTENTIAL SHORTHI
1.Bearish Impuls
2.Continuation Correction
3.Top of the Structure LTF IMpuls
4.LTF Continuation correction
Wait for the breakout from the current structure to confirm this setup
USD/JPY shortPeople are getting hyped up waiting for the 5th wave on this thing but it’s not finished it’s correction yet short for now.
USDJPY 4H One you start to see the pattern, you can not unseen it.
USDJPY will be shorting for the rest of the day... Entry is confirmed on the 5min chart.. 🔥🔥
usdjpy selllooking to sell this pair lets see how this goes. very good risk to reward ratio on this trade.
