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JPYUSD trade ideas

USDJPY H4 | Bullish Continuation?Based on the H4 chart analysis, we can see that the price is falling to our buy entry at 151.08, which is a pullback support. Our take profit will be at 152.15, an overlap resistance close to the 50% Fiob retracement and the 161.8% Fibo expansion, indicating a strong level of resistance. The stop loss will be placed at 150.03, which is a pullback support level. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 64% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.
Long
by FXCM
Bearish drop off pullback resistance?USD/JPY has reacted off the resistance level which is a pullback resistance that aligns with the 50% Fibonacci retracement and the 161.8% Fibonacci extension and could drop from this level to our take profit. Entry: 152.22 Why we like it: There is a pullback resistance level that lines up with the 50% Fibonacci retracement and the 161.8% Fibonacci extension. Stop loss: 153.56 Why we like it: There is a pullback resistance level. Take profit: 150.78 Why we like it: There is an overlap support level that lines up with the 50% Fibonacci retracement. Enjoying your TradingView experience? Review us! Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Short
by VantageMarkets
USDJPY Channel Up bottomed. Very strong BUY.USDJPY is trading inside a Channel Up and the price is starting to recover from November's bearish wave correction. It has already crossed above the MA50 (4h) and only the MA200 (4h) remains to confirm the trend shift. Trading Plan: 1. Buy after the price crosses above the MA200 (4h). Targets: 1. 162.500 (top of the Channel Up and under the 2.0 Fibonacci extension). Tips: 1. The RSI (4h) is printing a cup into Channel Up pattern, identical to the previous Low of the Channel Up. An additional buy signal. Please like, follow and comment!!
Long
by TradingBrokersView
USD/JPY Technical Analysis The price is currently testing the upper boundary of the ascending channel near 152.40, which acts as a critical resistance level. If this resistance holds, the pair may see a retracement towards the midline support around 151.10. Key Points: Resistance at 152.40: This level represents the upper boundary of the channel, and a rejection here could initiate a downward movement. Support at 151.10: The midline of the channel serves as the first significant support level if the price starts to decline from the resistance zone. Technical Indicators: The price is extended and approaching overbought levels, suggesting the potential for a pullback. Key moving averages and Ichimoku components indicate the possibility of short-term corrective moves. Conclusion: As long as 152.40 resistance remains intact, the price is likely to decline towards the 151.10 support level. Traders should watch for confirmation of rejection at the resistance before taking positions.
Short
by arongroups
1
USD/JPY Sell Setup: Strategy OverviewTechnical Insight: Current Market Position: The USD/JPY is hovering around a critical resistance level at 157.719, with historical data showing a struggle to break above 160.000. Price Action: The chart indicates a recent failed breakout attempt, now acting as a potential reversal signal. This is highlighted by the downward arrows, suggesting a sell-off after hitting resistance. Fundamental Backdrop: US Economic Health: Stronger than expected economic data from the US, especially employment and inflation figures, could bolster the USD. However, any dovish signals from the Fed might weaken the dollar. Japanese Economic Factors: Japan's economic policies, particularly any intervention by the Bank of Japan (BoJ) to weaken the yen, could play a role in the currency's valuation against the dollar. Trading Strategy: Sell Entry: Optimal entry would be on a confirmed rejection from the current resistance, ideally with a bearish candlestick pattern or a significant wick at the top. Profit Targets: Primary Target: Aim for a sell-off to 151.350, a level where the price found previous support. Secondary Target: If momentum continues, look towards 151.000, which could serve as a deeper support level. Risk Management: Stop Loss: Set above the recent high at 151.870 to protect against unexpected bullish moves. Position Sizing: Calculate your position size based on the distance to the stop loss, ensuring it aligns with your risk management rules. Additional Considerations: Market Sentiment: Monitor global market sentiment. A shift towards risk aversion often sees capital flows into the yen, potentially strengthening it against the dollar. Geopolitical Events: Keep an eye on any geopolitical developments that might affect either the US or Japan's currency, such as trade negotiations or regional conflicts. Conclusion: The USD/JPY pair offers a strategic sell opportunity based on both technical resistance and potential fundamental shifts. Ensure your trading decisions are informed by both these aspects and manage risk appropriately. This setup, while not guaranteed, provides a structured approach based on current market conditions. Always remember to stay updated with real-time market news and adjust your strategy as needed.
Long
by DreamsForx
4
USD/JPY - Bullish Momentum in Action!Following yesterday's shared analysis, USD/JPY has aligned perfectly with the expected bullish scenario: - 15-Minute Chart Breakdown: - The structure shifted, transitioning from bearish to bullish as the market began forming higher highs and higher lows . - After the structure shift, the price entered a reaccumulation phase , consolidating before the next impulse move. - Indicator Precision: - The WiseOwl Indicator identified a high-probability entry signal at the right moment, during the reaccumulation phase, allowing us to capitalize on the bullish trend. - The trade has shown minimal drawdown and is now trending in profits. - Outlook: As long as the market respects the bullish structure, we anticipate continued momentum to the upside. Key Takeaway: This trade showcases the importance of combining **structure analysis** with precision tools like the WiseOwl Indicator to maximize opportunities in trending markets.
Long
by TraderOuss_LumaNex
2
USDJPY Buy ForecastUSDJPY New forecast👨‍💻👨‍💻 Note: Follow proper risk management rules. Never risk more then 2% of your total capital. Money management is the key of success in this business...... Set your own SL & TP. Please support this idea with a Like and COMMENT if you find it useful click "follow" on our profile if you will like these type of trading ideas delivered straight to your email in the future. Thanks for your continued support!! lemme know your thoughts in the comment sec...
Long
by King_CityStar_Fx
USD/JPYSS - 30 mins Sell Key Observations: 1. Chart Patterns: Head and Shoulders Formation: On the left side of the chart, the head and shoulders pattern signifies a bearish reversal, providing a precursor to the downtrend. Falling Wedge: Following the bearish move, the falling wedge pattern acted as a potential pullback and consolidation phase before continuing the trend. Rectangle Formation: The consolidation within the rectangle pattern highlights the indecision phase before price continuation. 2. Resistance Zone: Critical Resistance Zone: The trade setup shows the price approaching a well-defined resistance zone around 151.800. This area is marked with multiple rejections, signaling strong selling pressure. Price Rejection Candlesticks: Recent candlestick patterns, such as long wicks, further indicate seller dominance near this level. 3. Moving Averages and Trendlines: Dynamic Resistance: The chart includes moving averages that align with the resistance zone, creating an additional barrier for price continuation. Downtrend Continuation: Price movement follows a descending trendline, reinforcing bearish sentiment. 4. Confluence Levels: Fibonacci Retracement Levels: If Fibonacci levels were applied, the price is likely rejecting a key retracement zone (e.g., 0.618), adding confluence to the sell bias. ADR (Average Daily Range): The ADR levels suggest price is nearing its expected daily range, reducing the likelihood of further upside. Technical Factors Supporting the Sell Position: Resistance Rejection: Price action indicates multiple failed attempts to break above the resistance level, validating the bearish setup. Bearish Momentum: Indicators such as RSI might be showing overbought conditions or bearish divergence, signaling a potential trend reversal. Range Expansion and Compression: The price is nearing the top of a range, with high probability for reversion to the mean or a move toward the lower bound. Risks and Considerations: Breakout Potential: If the price closes decisively above 151.800, it could invalidate the bearish setup and trigger a bullish continuation.
Short
by tamrobert20