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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad ⚜️
Usdjpyanalysis
USDJPY LoongBased on the previous setup (shorting the cuurency), I had anticipated that this currency will make a correction before going loong.
The fact that the price has already touched and rebounded on Novembers Monthly high means that the price has formed its lower low.
The price can now be drawn to the order block at 160.3 or buyside liquidity at 161.9
USDJPY Pattern FormationThis pair has started to build a bearish momentum for the past few hours.
I do anticipate that the pair might revisit the 4H FVG and -OB once more before going on a massive bearish run filling in the BISI FVGs and sell side liquidity sweeps that it left.
For the long position, entry at 156.7, Sl at 156.25 and TP at 156.7
USDJPYWell, we are now at a new year, and my expectations are there will be some retracements to be made on the pair.
Considering that the previous analysis was bullish, I am still anticipating on the same, but we have to fill in some imbalances and inefficiencies on the lower side. I do anticipate that the price might first retract on the lower side to form an LL / wick, which might touch 2023 yearly HH at 152.
Target 152, SL at 157.8
USDJPY Scenario 1.1.2025At this moment we are shown two scenarios, both shorts, we have an sfp above the low because it could give us a better view of the overall direction the market could be heading at the moment, support above us, which if it breaks, nothing prevents us from moving to a higher level, if we hold the level, then we can expect a move somewhere towards the price of 150, but I am still waiting for confirmation.
JPY currency index and JPY pairs ideas📊🇯🇵Since JPYX (JPY Currency Index), Daily chart rebounded from the Demand zone after the Jibun Bank Japan Manufacturing PMI yesterday.
Here we spotted some JPY pairs changed direction in Daily Chart as well. They are in BOS(Break of structure) stage, we are waiting a retest back to the Sell Zone and drop again.
USD/JPY on the Verge of a Breakout: Key Levels to Watch!USD/JPY is encountering resistance at the trendline, previously a support level. The price attempted to break through earlier but faced rejection. Now, it is approaching the resistance level again, showing breakout potential.
We anticipate a possible breakout above the resistance trendline. A key support zone, marked in grey, provides a critical level to watch for pullbacks or reversals. Monitor price action for confirmation.
DYOR, NFA
USDJPY BUY | Idea Trading AnalysisUSDJPY is moving in an UP trend channel.
The chart broke through the dynamic Resistance line, which now acts as support.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
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.
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Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad
USD/JPY Analysis: Pair Reaches 5-Month HighUSD/JPY Analysis: Pair Reaches 5-Month High
The Japanese yen remains under pressure, trading near a five-month low against the US dollar. This trend is primarily driven by differences in monetary policy approaches.
On one side, the Federal Reserve maintains a hawkish stance, signalling a gradual slowing of monetary easing in 2025.
On the other, the Bank of Japan continues its cautious approach to policy tightening, as confirmed by a Reuters report published today. Although Japan’s Finance Minister issued warnings this week about potential market interventions, these statements have had little immediate impact.
According to technical analysis of the USD/JPY chart, the pair is trending within a well-defined upward channel (marked in blue) with the following notable developments:
→ In September, the psychological level of 140 yen per dollar served as strong support for bulls, while in December, this shifted to 150 yen per dollar (as indicated by arrows).
→ Since September, price movements have established a steeper upward channel (highlighted in purple).
→ The pair has now reached the median line of the longer-term blue channel, suggesting a potential for more stable trading. This stability may also be supported by reduced trading activity during the holiday season.
The current price action mirrors the conditions seen in summer 2024, when the pair steadily rose toward the critical level of 160 yen per dollar. As we enter early 2025, bulls may once again test this key threshold, seeking to push the pair higher.
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2612 USDJPY still got more than 400 pips up to rise!Hello traders,
The latest speech by Bank of Japan Governor Kazuo Ueda stated:
★ Even if the economy and prices improve, maintaining the current low interest rates could make monetary policy too loose. An overly loose monetary environment may force the Bank of Japan to significantly raise interest rates, which would be detrimental to long-term economic growth. The timing and pace of further adjustments to monetary support will depend on the economic, price, and financial conditions at that time.
★ If monetary policy remains too loose, it may force the Bank of Japan to raise interest rates quickly, which would have a negative impact on sustainable economic growth.
★ There is a high level of uncertainty regarding the overseas economic outlook, especially concerning the economic policies of the incoming U.S. administration. U.S. policies could have a significant impact on the global economy and markets, so the effects on the Japanese economy and prices must be studied carefully.
Interestingly, this statement was interpreted by the market as "a cautious attitude towards changing interest rate policy," meaning that the Bank of Japan may not raise interest rates in the near term. Following the speech, the dollar-yen exchange rate rose by 0.1%.
However, before the December monetary policy meeting, about 86% of economists surveyed by the media indicated that the timing for raising interest rates has matured. The Japanese inflation data released on Thursday was not ideal:
- November CPI rose 2.9% year-on-year, accelerating from October's 2.3%;
- November CPI (excluding fresh food) rose 2.7% year-on-year, up from a previous value of 2.3% and an expected value of 2.6%;
- November CPI (excluding fresh food and energy) rose 2.4% year-on-year, compared to a previous value of 2.3%.
The CPI growth reflects that the impact of government energy subsidies and rising food prices is gradually fading, and potential inflationary pressures in Japanese society are building up.
In this context, is the market's understanding of the Bank of Japan's speech as "not preparing to raise interest rates" and continuing to implement a loose monetary policy overly optimistic?
Technically, USDJPY is still running above EMAs on daily chart. I would really like to wait for a retest of red EMA and reentre to long this pair again, up to target FIBO EXT 1.27 161.50.
What is your plan ?
Happy new year!
LESS IS MORE!
USD/JPY Soars Above Resistance: Next Stop 160?USD/JPY Trade Analysis:
Breakout Confirmed: USD/JPY has broken above the descending trendline and is holding above the 152-155 support zone.
Targets:
Short-Term: 161.00 (previous high).
Long-Term: Potential for new highs if momentum continues.
Stop Loss: Below 152.00 to protect against invalidation.
Entry: Ideal entry near 155-157 on a retest of the breakout zone.
Summary: USD/JPY shows bullish momentum with a breakout. Look for a retest for a better entry, targeting 161 with proper risk management.
DYOR, NFA
DeGRAM | USDJPY growth in the channelUSDJPY is in an ascending channel between the trend lines.
The chart is moving from the lower boundary of the channel and dynamic support.
The price is holding above the mirror support level.
We expect the growth to continue after consolidation above the support level.
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USD/JPY "The Gopher" Forex Market Bullish Heist Plan🌟Hi! Hola! Ola! Bonjour! Hallo!🌟
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Entry 📈 : You can enter a Bull trade at any point,
however I advise placing Buy limit orders within a 15 or 30 minute timeframe. Entry from the most recent or closest low or high level should be in retest.
Stop Loss 🛑: Using the 4H period, the recent / nearest low or high level.
Goal 🎯: 163.000
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USDJPY LONG | BUY TRADE IDEA (W/B: 23/12/2024)Guyssss! Happy New Year soon! I bring you a gift to close out the year!
As you can see we are in a bullish order flow, with protected lows. With a nice RR of 2.8 on TP1 and 3.07 on final TP, this trade takes advantage of the recent structural breaks.
Enjoy! Good luck and enjoy the end of the year!
USDJPYHere is our in-depth view and update on USDJPY . Potential opportunities and what to look out for. This is a long-term overview on the pair.
Alright first, let’s take a step back and take a look at USDJPY from a bigger perspective. For this we will be looking at the H4 time-frame .
USDJPY is currently trading at around 151.800 after making its correction down to 150.400 .
Scenario 1: SELLS from higher levels (153.300)
We are at 153.300.
That would confirm our pullback to the uspide and as long as it’s respected, we should continue to the downside to our next KL (Key Level) sitting at 150.400.
Scenario 2: SELLS from 150.400
We dropped down to our Key Level 150.400 . If broken we should see more sells down to our targeted zones 149.500 - 149.000 .
Scenario 3: BUYS from 154.700.
We broke above 154.700 and are trading above it. We should see more upside potentially reaching new highs at around 158.800 .
Personal opition:
The direction for now is unclear until we break our mentioned key levels. A safe sell trade could be taken at 153.000 - 153.300 . Be patient and stay tuned for updates on this pair.
KEY NOTES
- USDJPY breaking below 150.400 would confirm sells down to 149.500 - 149.000.
- USDJPY failing to break above 153.300 would confirm sells.
- Breaks above 154.700 would show signs of reverse and could potentially rise up to 158.800.
Happy trading!
FxPocket
USDJPY | Hidden Bearish Divergence | 1HCurrently, the USDJPY chart shows the formation of a hidden bearish divergence and a double top pattern, both indicating that the uptrend is shifting into a downtrend. Additionally, new lower lows (LL) and lower highs (LH) are forming, confirming the change in market structure. These factors suggest the presence of a potential reversal zone (PRZ), where the price is likely to continue its downward movement.
Explanation:
1: Hidden Bearish Divergence:
The price is formed higher highs (HH), while the RSI is showing lower highs, signaling weakness in the uptrend and a potential reversal.
2: Double Top Formation:
A double top is a strong reversal pattern, indicating that the price has struggled to break through a resistance level and is now likely to move downward.
3: Market Structure Shift:
The formation of lower lows (LL) and lower highs (LH) indicates a transition from an uptrend to a downtrend, confirming bearish sentiment.
4: Potential Reversal Zone (PRZ):
The confluence of divergence, the double top, and the structural change points to a PRZ where sellers are likely to dominate, pushing the price further down.
This setup suggests a bearish bias, and traders could look for sell opportunities after proper confirmation, such as a retest of the PRZ or a bearish candlestick pattern.
USDJPY - Short active !!Hello traders!
‼️ This is my perspective on USDJPY.
Technical analysis: Here we are in a bearish market structure from daily timeframe perspective, so I look for a short. I expect bearish price action as price rejected from bearish OB + institutional big figure 154.000. As well we have hidden divergence for sell.
Fundamental news: On Wednesday (GMT+2) we will see results of Interest Rate on USD and on Thursday on JPY, news with high impact on currencies.
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DeGRAM | USDJPY preparing for the pullbackUSDJPY is in an ascending channel between the trend lines.
The price has already reached the upper boundary of the channel and the trend line, and now it has fallen under the resistance level.
The chart has formed a harmonic pattern.
We expect a pullback from the dynamic resistance.
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Update levels USDJPY 11.12.24The whole scenario is going exactly according to plan, we reached the level of 152 where the price has support as another insight I have to take into account the fact that we are only at the first significant fibo level and the npoc is only at the level of 0.618 so for now I still see a lot of space here and not quite right set up confirmation.
USDJPY BUY | Idea Trading AnalysisUSDJPY is falling towards a support level which is a pullback support and could bounce from this level to our take profit.
We expect a decline in the channel after testing the current level which suggests that the price will continue to rise
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 🤝
DeGRAM | USDJPY pullback from resistanceUSDJPY is in an ascending channel between the trend lines.
The chart indicates that it is overbought.
The price has reached an important resistance level.
We expect a pullback.
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Share your opinion in the comments and support the idea with like. Thanks for your support!