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Usdjpylong

USDJPY bullish trend + 2 inside bars... the week of 28 Oct, 2024This pair is bullish on all time frames and price is above the 200dma, adding to my bullish bias. It is good when you can find a few reasons to take a trade and an inside bar formation is my next reason. The large bullish candle on 23/10 was followed not by 1 but 2 inside bars. This shows a period of consolidation and when it appears on a daily chart within a trending market it is a strong indicator of trend continuation. But a major s/r in the 152.80 region needs to be overcome before we look for bullish continuation. A convincing break above and a pullback to it will be the confirmation I need to take a long trade. If, however a strong move to the down side forms, that would invalidate my analysis. My initial target would be in the 157.80 region with the possibility to let some part of the trade run higher. This is not a trade recommendation. You should be aware that trading carries a high level of risk, so only trade with money you can afford to lose. Please use sound money and risk management, trading without a stop or moving the stop away from price is a recipe for disaster. If you like my idea, please give a “boost” and follow me to get even more. Please comment and share your thoughts too!! It’s not whether you are right or wrong, but how much money you make when you are right and how much you lose when you are wrong – George Soros
Long
by Trading_Vista
USDJPY | Perspective for the new week | Follow-upAfter an 8-week break from USD/JPY, I’m excited to bring it back to our watchlist as we prepare for next week’s trading! Over the past 9 months, this pair has experienced major shifts—from early-year expectations of Japan's monetary policy changes to the dollar's surge mid-year and the USD/JPY oscillating around the 150 zone in October. Key drivers include Japan's inflation data, with the latest CPI rising 2.5% YoY in September. As market rumours of another intervention grow, what opportunities lie ahead? Let's explore the key levels, trends, and setups for the coming week. USDJPY Technical Analysis: As discussed in the video, the recent upward momentum is showing signs of easing, leaving room for a possible USD pullback. However, for a confirmed uptrend continuation, we need to see sustained trading above 150.000. Our detailed technical analysis focused on the current bullish market structure, with particular attention to the key level of 150.000, set as a pivotal point for the upcoming week. This level gains significance as a potential catalyst for a clear uptrend if buying pressure persists. The market's response to this level at the beginning of the new week will strongly influence the direction of price action in the days ahead. #JapanInflation #USDJPY #Yen #BoJ #FederalReserve #Forex #CurrencyTrading #EconomicAnalysis #MarketAnalysis #Investing #Finance
by darcsherry
USDJPY Skyrockets Beyond All Targets – Massive Breakout CompleteTechnical Analysis: USDJPY on the 15-minute time frame executed a long trade with an entry at 149.604. Backed by strong bullish momentum, it swiftly met all target points. The pair rallied significantly with the Risological Dotted Trendline providing upward support throughout the trade, indicating that the trend was well-supported and poised for further gains. Key Levels: Entry: 149.604 Stop Loss (SL): 149.342 Target 1 (TP1): 149.926 ✅ Target 2 (TP2): 150.449 ✅ Target 3 (TP3): 150.971 ✅ Target 4 (TP4): 151.294 ✅ Observations: The strong uptrend was consistent, with price respecting the 200 EMA (Risological Dotted Trendline) as dynamic support.Volume surged as the price hit TP3, accelerating the move towards TP4. All targets were cleanly hit, confirming the strength of this breakout. USDJPY's breakout showcases the power of technical alignment. The bullish trend held firmly above the Risological dotted trend line, driving the price to hit all targets in this well-timed trade. The pair remains bullish, and future setups should be monitored for additional opportunities.
Long
by ProfitsNinja
USD/JPY Broke D Res Area , Be Reay To Buy It And Get 200 Pips !We have a very good Daily closure above our daily res , so we have a very good chance to buy this pair with retest to this broken res area and targeting 200 pips . This Is An Educational + Analytic Content That Will Teach Why And How To Enter A Trade Make Sure You Watch The Price Action Closely In Each Analysis As This Is A Very Important Part Of Our Method Disclaimer : This Analysis Can Change At Anytime Without Notice And It Is Only For The Purpose Of Assisting Traders To Make Independent Investments Decisions.
Long
by FX_Elite_Club
3
USD/JPY Technical Analysis: (READ DESCRIPTION)USD/JPY Technical Analysis: Bullish Momentum Expected Pivot Point: 150.45 The pivot point at 150.45 serves as a key level of support for USD/JPY. As long as the price holds above this level, bullish momentum is anticipated. Our Preference: Long Positions Recommended Trade: Long positions are favored as long as the price stays above the 150.45 pivot point. This sets up the potential for upward movement toward resistance levels. Target Levels for Upside Movement: First Target: 151.10 This is the immediate resistance level where traders may take profits or evaluate a continuation of the bullish momentum. Second Target: 151.60 If the first target is surpassed, the pair could extend its gains toward the 151.60 level, signaling further bullish movement. Alternative Scenario: Downside Risks If the price falls below 150.45: Bearish Outlook: First Target: 150.10 Second Target: 149.70 These levels represent potential support zones in case of a bearish reversal. Technical Insights: RSI Indicator: The RSI is mixed but leans bullish, suggesting the potential for further upside if momentum builds. Traders should keep an eye on this indicator for confirmation of a stronger move.
by CharivapaAlgo
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving UP. The chart broke through the dynamic resistance, which now acts as support. We expect a decline in the channel after testing the current level. 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
9
USDJPY ready to fly! FA: USDJPY 🏛 Pressure on the yen is exerted by data on inflation in Japan. Thus, the national consumer price index in September decreased from 3% to 2.5%, while the index excluding food and energy prices slightly increased from 2% to 2.1%. The current inflation dynamics is unlikely to contribute to the realization of the Bank of Japan's plans for further tightening of monetary policy. At the same time, the regulator has repeatedly noted that it will not change monetary parameters during the period of high volatility in the market. 📊 In turn, the dollar received additional support after the release of data on consumer activity in the United States. Thus, retail sales in September rose from 0.1% to 0.4%. TA: 1. Uptrend on 1h time frame 2. Test ob on news in deep discount and nice bounce from it 4. Insane pin bar ( hammer ) on 1h time frame 3. liquidity sweep of Asian low 5. PDH as main target
Long
by Almenio
2
USD/JPY – Heading to 153 with Corrections Along the WayAlright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there. After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong. Key Levels to Watch: Current Target: 153.07 – A key level where a correction is expected. Correction Depth: Unknown until we get to 153—watch for signs of pullback strength. Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast. This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be. What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave. Mindbloome Trader Trade What You See
Long
by Mindbloome-Trading
USDJPY Short from ResistanceHello Traders In This Chart USDJPY HOURLY Forex Forecast By FOREX PLANET today USDJPY analysis 👆 🟢This Chart includes_ (USDJPY market update) 🟢What is The Next Opportunity on USDJPY Market 🟢how to Enter to the Valid Entry With Assurance Profit This CHART is For Trader's that Want to Improve Their Technical Analysis Skills and Their Trading By Understanding How To Analyze The Market Using Multiple Timeframes and Understanding The Bigger Picture on the Charts
Long
by ForexMasters2000
USDJPY swing trade update. 800 pips done! We sent out our this next analysis exactly a month ago to our members at Fractals Trading Community: "After falling for almost a month, dollar has gained some strength in recent weeks and the Japanese currency intervention is seemingly slowing down, as we have seen some huge bullish moves on other pairs. As seen on chart, the price has hit the weekly 0.618 fib level and the VWAP drawn from the start of the second quarter(March). For our TP levels we target 146.55; 149 and 152. Will update next week." (linked idea) Setup is currently running with 2 TP levels already hit. Will send a new analysis next week. This analysis is taught and provided by Fractals Trading. Trade safely and expect the unexpected, Mei
Long
by martinmei
1