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USDJPY SELL | Idea Trading AnalysisUSDJPY is moving to the upper boundary of the ascending channel. The volatility of the movement has decreased. The price has reached the resistance level. 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 SELL 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 ⚜️
Short
by TheGrove
3
USDJPY ANALYSIS IS READY TO FLY MUST READ THE CAPTION The chart for USD/JPY shows the following: 1. Timeframe: 1-hour chart. 2. Key Levels: Target Zone: Around 159.100, indicating a potential bullish target. Current Price: Approximately 157.933 (Sell) and 157.946 (Buy). Stop Loss: Positioned near 157.226 to manage downside risk. 3. Technical Analysis: Pattern: A potential rounding top or consolidation phase before a breakout. Scenarios: Two possible bullish outcomes are shown with arrows: A breakout above the resistance zone, aiming for the target zone (159.100). A retracement followed by a bullish move. Key Support Levels: 157.692 and below, which could act as critical zones to watch. 4. Moving Average: A moving average (possibly the 200 EMA) provides additional support near the stop-loss level. 5. Trading Idea: Buy opportunities are highlighted with strict risk management via the stop-loss placement. The chart suggests bullish momentum but emphasizes careful monitoring of price action near key levels.
Short
by Forex_Vip_Signals
USD/JPY: Awaiting Fed and BoJ Interest Rate DecisionsHello everyone, today we will take a look at the movement of the USD/JPY pair. The pair is experiencing a slight decline as investors await important decisions from the Federal Reserve (Fed) and the Bank of Japan (BoJ). Both central banks are expected to make interest rate adjustments in 2025, with the Fed potentially lowering rates and the BoJ starting to increase them. BoJ Governor Kazuo Ueda has reaffirmed the commitment to maintaining a neutral interest rate, while the widening interest rate gap between Japan and other countries is creating a significant turning point for the Japanese Yen. From a technical perspective, the resistance level at 158.301 is a major obstacle for the USD/JPY pair. It is likely to face difficulty breaking through and may reverse towards the support level of 157.080, with a possibility of dropping further to the 156.269 support level. In conclusion, the movement of the USD/JPY pair remains difficult to predict and will be strongly influenced by future interest rate decisions. Investors should closely monitor central bank actions and data to devise appropriate strategies.
by Alisa_Rokosz
Analysis of USD/JPY (Hourly Chart)The USD/JPY pair is currently trading near a critical zone, indicating potential for a strong movement. The price has been consolidating near the 157.00 level, which serves as a key psychological zone. Based on the recent price action and support/resistance levels, there are two plausible scenarios: continuation of the uptrend or a reversal toward lower levels. Key Levels to Watch: Resistance Levels: First resistance: 157.50 Second resistance: 158.00 Major resistance: 158.50 Support Levels: First support: 156.50 Second support: 155.50 Major support: 154.50 Potential Scenarios: 1. Bullish Scenario (Buy): If the price breaks above 157.50 and consolidates, it may indicate the continuation of the uptrend. Entry: Wait for a clear breakout above 157.50. Targets: Target 1: 158.00 Target 2: 158.50 Stop-Loss: Place the stop-loss below 156.70 to protect against unexpected reversals. 2. Bearish Scenario (Sell): If the price falls below 156.50 and closes under this level, a downward correction or trend reversal may be in play. Entry: Enter short positions if the price breaks and consolidates below 156.50. Targets: Target 1: 155.50 Target 2: 154.50 Stop-Loss: Place the stop-loss above 157.00 to limit potential losses. Technical Indicators to Monitor: RSI (Relative Strength Index): RSI hovering around the 50-60 range may indicate potential bullish momentum if it moves higher. Conversely, a drop below 50 could signal bearish pressure. Moving Averages (MA): Watch for the 50-period MA crossing above or below the 200-period MA for trend confirmation. Summary: At the moment, the market sentiment appears bullish, but the lack of strong movement suggests caution. Traders should monitor the 157.50 resistance level closely for confirmation of a breakout, while also keeping an eye on the 156.50 support level for potential bearish setups.
by MD-Priceaction
Elliott Wave View: USDJPY Looking to End Wave 5Short Term Elliott Wave view in USDJPY suggests rally from 9.16.2024 low is in progress as a 5 waves diagonal. Up from 9.16.2024 low, wave (1) ended at 156.74 and pullback in wave (2) ended at 148.64 as 1 hour chart below shows. Pair resumed rally higher in wave (3) with internal subdivision as an impulse. Up from wave (2), wave 1 ended at 152.86 and dips in wave 2 ended at 151.79. Pair resumed higher in wave 3 towards 157.92 and pullback in wave 4 ended at 155.94. Final leg wave 5 ended at 158.04 which completed wave (3) in higher degree. Pullback in wave (4) unfolded as a flat structure. Down from wave (3), wave A ended at 157.34 and wave B ended at 158.07. Wave C lower ended at 156 which completed wave (4) in higher degree. Pair has resumed higher in wave (5). Up from wave (4), wave 1 ended at 157.78 and dips in wave 2 ended at 156.23. Near term, as far as pullback stays above wave (4) low at 156, and more importantly above 148.6 low, expect pullback to find support in 3, 7, or 11 swing for further upside.
by Elliottwave-Forecast
USDJAPY Upwards Understanding trading strategies and effective risk management is crucial for success in the financial markets. For example, in the case of USD/JPY trading, the buy point is set at 158.20, with take-profit levels at 158.70, 159.50, and 160.80. These levels represent potential targets where traders may exit positions to secure profits. At the same time, a stop-loss point at 157.00 acts as a safeguard to limit losses in case the market moves unfavorably. Such measures are essential because trading involves inherent risks, and no strategy guarantees success. To navigate the markets effectively, traders must continuously learn and adapt, updating their knowledge and refining their strategies based on market changes and trends. Diversifying investments is another critical step to mitigate risks. For instance, relying on multiple instruments or markets reduces the potential impact of a single adverse movement. Additionally, tools like stop-loss orders provide an automated way to protect capital by exiting trades when a predetermined loss limit is reached. This approach aligns with the principle of never risking more than you can afford to lose. Successful trading requires discipline, patience, and an analytical mindset. By setting realistic goals and adhering to a structured plan, traders can make informed decisions and adapt to evolving conditions. Risk management is the foundation of long-term success, allowing traders to weather losses while capitalizing on profitable opportunities. Above all, consistency and a willingness to learn from both successes and failures are key to achieving growth and resilience in the financial markets.
Long
by EXPERT117Ai
1
The Yen's Resilience Against the Dollar: What’s Happening?Hey there, traders! I’ve been keeping a close eye on the options market lately, and I can’t help but notice a growing trend: traders are actively betting against the further strengthening of the U.S. dollar against the Japanese yen. In other words, forecasting a potential strengthening of the Yen. Over the past 2-3 weeks, we’ve seen a significant buildup of volume in vertical spreads, primarily targeting this currency pair. But let’s take a moment to look at the bigger picture here. Since December 20, 2024, the dollar index has climbed by 1.6%, and in the first few days of the new year, the dollar’s momentum has even picked up speed. However, if you take a closer look at the Dollar/Yen pair, you’ll see something interesting: there’s no sign of growth. In fact, the quotes are just “chopping” around in a tight range, resisting any further weakening of the yen. Right now, the quotes are still above the average long position of retail traders (open source data), and the bulls seem to be feeling pretty good. But beneath the surface, there are processes at play that are starting to show signs. Conclusion/ The current situation in the options market and the graphical behavior of the dollar/yen pair suggest that changes in trend may be on the horizon. Traders should stay alert to these signals and be prepared for potential volatility/decline in the near future. But please don't rush! Happy trading!
Short
by ClashChartsTeam
3
USD/JPY Technical Analysis: Key Levels and Potential ScenariosThis analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook. USD/JPY Technical Analysis: Key Levels and Potential Scenarios This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook. Key Levels: Critical Zone: 155.47–154.75 This zone acts as a pivotal level for the continuation of the uptrend. As long as the daily candle does not close below this range, the bullish scenario remains valid. Upside Targets: The first resistance level is identified at 160.099. A breakout above this level could lead to further gains, with the next target at 161.753. Indicator Insights: DTOsc (DT Oscillator): The oscillator is moving toward the oversold region. This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend. USD/JPY Technical Analysis: Key Levels and Potential Scenarios This analysis focuses on the USD/JPY pair on the daily timeframe, highlighting critical support and resistance levels. The current setup reflects the importance of a key range for maintaining the bullish outlook. Key Levels: Critical Zone: 155.47–154.75 This zone acts as a pivotal level for the continuation of the uptrend. As long as the daily candle does not close below this range, the bullish scenario remains valid. Upside Targets: The first resistance level is identified at 160.099. A breakout above this level could lead to further gains, with the next target at 161.753. Indicator Insights: DTOsc (DT Oscillator): The oscillator is moving toward the oversold region. This could align with a price reaction from the key support zone, aiding the potential resumption of the uptrend. Potential Scenarios: Bullish Scenario: If the 155.47–154.75 support zone holds and the daily candle closes above this range, the pair is likely to resume its uptrend toward the 160.099 and 161.753 targets. Bearish Scenario: A daily close below 154.75 would invalidate the bullish outlook and may lead to increased selling pressure. Conclusion: USD/JPY is trading within a critical range, with the 155.47–154.75 level serving as a decisive zone for the continuation of the uptrend. As long as this level holds on a daily closing basis, the pair is expected to climb toward its higher targets. Feel free to share your thoughts in the comments and follow me for more professional insights and detailed analyses!
Long
by Mohammad_Mirdehghan
Weekly CLS, from Monthly OB, Model 1 - Target 50%Weekly CLS, from Monthly OB, Model 1 - Target 50% you are welcome to comment with your thoughts and share your charts or questions below, I like any constructive discussion. What is CLS? This company is trading for the biggest investment banks and central banks. They trade over 6.5 trillion daily volume. They are smart money of the all markets. CLS operates in the specific times which will give you huge advantage and precisions to you entries. Focus on that. Its accuracy is amazing. Good luck and I hope this educational post helps to become better trader “Adapt what is useful, reject what is useless, and add what is specifically your own.” Dave Hunter ⚔
Short
by Dave-Hunter
2