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USD/JPY_SPT - USD/JPY

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USDJPY_SPT trade ideas

USD/JPY Bearish Breakdown: Eyes on 148.39 Support! USD/JPY Technical Analysis – February 24, 2025 USD/JPY continues its bearish momentum, having already broken below 149.67, confirming further downside pressure. The price is now stabilizing around 149.33, and as long as it remains below the 151.04 resistance, the bearish trend is intact. A further drop toward the 148.39 support zone is now likely, with an extended bearish target at 147.82. However, a potential correction toward 151.04 - 151.79 could occur before continuing downward. If USD/JPY reclaims 151.04, it could become volatile and attempt a push toward 151.79 before deciding on the next direction. Key Levels to Watch: Pivot Point: 149.678 Resistance Levels: 151.04, 151.79, 152.64 Support Levels: 148.39, 147.82, 146.33 📉 Directional Bias: Bearish continuation expected toward 148.39 - 147.82 as long as below 149.67 💬 Will USD/JPY reach 148.39 next, or will it retrace before another drop? Let’s watch the price action! 🚀🔥
Short
by SroshMayi
2
USDJPY. The price is at a key level – shorts might be relevant!Hey traders and investors! An interesting situation in the currency pair. The price has returned below the upper boundary of the range at 149.4. Is all the traded volume above this level fueling further price decline? There is a lot of volume up there... We are watching how the price interacts with 148.644. A breakout of this level by sellers and its defense would be a strong signal to look for selling opportunities. Potential target: 142-139. I wish you profitable trades!
by AlexeyWolf
USD/JPY – Retesting key resistance before declineThe market is undergoing a correction after breaking its bullish structure. The weakening US Dollar (USD) has created favorable conditions for other assets, including the Japanese Yen (JPY). USD/JPY is currently retesting the previously broken trendline following a strong downward impulse. On Thursday, the Yen reached its highest level in 10 weeks, pushing USD/JPY down to 149.5. Escalating trade tensions driven by Donald Trump’s aggressive tariff policies have led investors to seek safe-haven assets. Additionally, expectations of a Bank of Japan (BoJ) rate hike have further strengthened JPY’s position in the market. In the short term, USD/JPY may continue a corrective rebound, testing the 0.618 - 0.5 Fibonacci retracement zone before resuming its downward movement.
Short
by Bentradegold
USDJPY AnalysisPotential Pullback Before Bearish Continuation USDJPY is currently in a downtrend, respecting the descending trendline. Price is approaching a key supply zone (151.00 - 151.50), where a potential reversal may occur. A short-term bullish correction could push price into this resistance area before continuing the overall bearish trend. If price rejects this level, we could see a drop towards 148.00 - 147.00. Bias: Bearish Key Levels: 📉 Resistance: 151.00 - 151.50 (Supply Zone) 📉 Target : 148.00 - 147.00 (Potential Downside) Watch for rejection patterns in the supply zone before entering shorts. What’s your outlook? Drop your thoughts below!
Short
by HAAADY
USD/JPY Correction Could Offer Shelling OpportunityIn my USD/JPY analysis last week, I mentioned a high probability of the pair breaking support and continuing its decline. That scenario has played out, with USD/JPY dropping below the key 151 support zone and now trading around 149.50. An upside correction may be next, potentially providing traders with an opportunity to enter short and ride the downtrend. Conclusion: Rallies around 150.50 should be seen as selling opportunities, and as previously stated, I expect a further drop to 146. 📉 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analyses and educational articles.
Short
by Mihai_Iacob
USD/JPY Bullish Reversal Setup: Key Levels and TargetsThe USD/JPY chart on the 4-hour timeframe indicates a potential bullish setup. Here's a breakdown of the analysis: 1. Support Zone & Trendline Confluence** - Price is currently reacting to a strong demand zone** around 149.000–149.500, marked in green. - There's also a visible ascending trendline acting as dynamic support, reinforcing the bullish outlook. 2. Change of Character (ChoCH) & Break of Structure (BOS) - A series of **bearish BOS and ChoCH confirm the prior downtrend. - However, the most recent ChoCH to the upside signals a potential shift in market direction. 3. Target Zone & Resistance Area - The next resistance zone** is marked around 152.000, aligning with a supply area. - This is also the short-term bullish target, as indicated on the chart. 4. Potential Trade Setup - If the price holds above the demand zone and breaks the minor resistance at 150.000, bullish momentum could push it toward 152.000. - A higher low formation** would further confirm bullish continuation. 5. Risk Factors - A break below the **strong low (148.800–149.000) could invalidate the bullish setup and signal further downside. Conclusion USD/JPY is showing signs of a potential bullish reversal. If price respects the support and trendline, it could rally toward 152.000. However, a breakdown below 149.000 would invalidate the bullish bias.
Long
by TRADE_CENTER_1