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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. ------------------- 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
1
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
by 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.
Short
by awaisulabdeen
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. Like, comment and subscribe to be in touch with my content!
Short
by Snick3rSD
Sell USD/JPY Channel BreakoutThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel pattern. This suggests a shift in momentum towards the downside in the coming Hours. OANDA:USDJPY Key Points: Sell Entry: Consider entering a short position around close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 148.82 2nd Support – 148.18 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
5
USD/JPY - H1 - Bearish Flag The USD/JPY pair on the H1 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 150.80, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 149.20 2nd Support – 148.50 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
19
#UASJPY: Swing Selling is in progress, Are we heading Bears Era?Dear Traders, Hopefully, you having a great weekend so far, we have a great opportunity on USDJPY, possible a total bearish meltdown on all the jpy pairs especially with UJ, we are on the verge of collapse. At the moment we expect price to do a small correction before it drops further. At this correction we may expect price to reverse nicely. We expect this idea to be activated by Friday when we will be having a last nfp data of the 2024. Decembers are known for bears control over jpy pairs. thank you ;)
Short
by Setupsfx_
4
USD/JPY - H4 - Channel Breakout The USD/JPY pair on the H4 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Channel Breakout pattern. This suggests a shift in momentum towards the downside in the coming Days. USDJPY Key Points: Sell Entry: Consider entering a short position around the current price of 154.00, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 151.30 2nd Support – 149.82 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
28
USDJPY: Bearish Break in FocusHello Traders, Below is my analysis of USDJPY currency pair from H1 perspective. Trend & Sentiment USDJPY is in a strong downtrend, forming lower highs and lows. The recent break below 153.819 confirms bearish momentum, with sellers firmly in control. Key Levels Resistance: 153.962 (Minor), 154.653 (Major) Support: 153.276 Possible Movement Bearish Continuation: Likely toward 152.466 (target) as long as the price stays below 154.653. Retracement Risk: Minor resistance at 153.962 may cap any short-term bounces. Reversal Signal: A break above 154.653 could shift momentum to bullish. Conclusion The outlook remains bearish with a focus on 152.466, while resistance at 154.653 defines the trend's invalidation point. Do let me have your thoughts. Cheers and happy trading!
Short
by Samuel124
2
USDJPY. The Japanese Yen (JPY) extends its steady intraday descent against its American counterpart, pushing the USD/JPY pair to a fresh weekly top, closer to mid-155.00s heading into the European session on Wednesday. This comes on the back of the previous day's turnaround and supports prospects for a further JPY depreciation on the back of the uncertainty over the timing of another interest rate hike by the Bank of Japan (BoJ).Bank of Japan Governor Kazuo Ueda earlier this week warned against keeping borrowing costs too low and signaled another interest rate increase, was vague on the timing and offered no hints about a hike in December.Meanwhile, rebounding US Treasury bond yields revive the US Dollar (USD) and further contribute to driving flows away from the lower-yielding JPY. Apart from this, a generally positive risk tone seems to undermine the safe-haven JPY and suggests that the path of least resistance for the USD/JPY pair is to the upside. That said, intervention fears could limit JPY losses ahead of speeches from influential FOCM members.
Short
by KingForex078
USDJPY: Anticipating a Bearish Move After Key Resistance TestUSDJPY is shaping up for a potential short setup, but patience is key as we wait for price to hit a critical resistance zone. Let’s break it down: The Setup Price is currently on a bullish push, targeting the highlighted zone at 154.332. This resistance level is a key area where sellers could regain control. Once price enters this zone, I’ll be watching closely for signs of exhaustion or reversal to enter short. The Plan 1️⃣ Entry Zone: I’m looking to go short from the 154.332 area, anticipating that the bullish momentum will lose steam here. 2️⃣ Stop Loss: My stop loss is placed at 155.397, safely above the resistance to protect against invalidation. 3️⃣ Take Profit: My primary target is the 152.242 support level, offering a solid risk-to-reward ratio. Why This Makes Sense This setup combines structure and momentum. The resistance at 154.332 aligns with previous price reactions, making it a strong area to expect sellers to step in. By positioning in this zone, I’m aiming to catch the reversal early without waiting for traditional confirmation. Mindset Tip: "It’s not about chasing trades; it’s about letting the market come to you. Know your levels, define your risk, and trust your process."
Short
by CurlyTrader_xo
USD/JPY Analysis: Fundamental and Technical Outlook FX:USDJPY The recent price action in USD/JPY, characterized by a significant break through the upper pitchfork boundary with substantial momentum and volume, suggests an important moment for the currency pair. This technical development aligns with several fundamental factors influencing both the U.S. dollar and the Japanese yen. Technical Analysis: Breakout Confirmation: The breach of the upper pitchfork boundary indicates strong bullish momentum. However, to validate this move, it's essential to observe whether the price can sustain above this level or if it will retest and potentially fall back into the previous channel. Key Support and Resistance Levels: Support: The 150 level serves as a critical support. A decline below this threshold could signal a return to the long-term consolidation range between 80 and 150, which persisted for 27 years prior to 2022. Resistance: If the price reclaims the upper channel, we may see the continuation of the uptrend with huge momentum. Fundamental Analysis: Bank of Japan Hawkish Stance: The BOJ has recently adopted a more hawkish tone, hinting at potential policy tightening. Governor Kazuo Ueda has indicated progress toward sustained wage-driven inflation, suggesting that interest rate hikes could be on the horizon. Japanese Intervention: Japan’s Finance Minister has expressed concerns over excessive yen depreciation, hinting at possible intervention if the yen weakens too much. This stance aims to prevent the yen from falling to levels that could harm the economy by increasing import costs. Federal Reserve's (Fed) Dovish Shift: In contrast, the U.S. Federal Reserve appears to be concerned with the current economical development, especially about the unemployment level, with discussions around more potential rate cuts emerging. This dovish outlook is influenced by concerns over rising U.S. debt levels and a slowing economy. U.S. Debt: The U.S. is grappling with escalating debt, with the debt-to-GDP ratio nearing 100%. This situation is reminiscent of the economic conditions preceding the DotCom Bubble from 2000, raising concerns about potential economic instability. Not mentioning that the US credit card debt is record high. More to read about this: nypost.com www.wsj.com www.marketwatch.com www.cnbc.com Outlook: The convergence of these technical and fundamental factors suggests that USD/JPY may not revisit recent highs in the near term. Instead, the pair could stabilize within the 140-150 range as the market seeks equilibrium amid contrasting monetary policies and economic conditions in the U.S. and Japan. Risk Management: Given the inherent volatility and unpredictability of forex markets, it's crucial to implement robust risk management strategies. Market dynamics can shift rapidly, and while current analyses provide a framework, they are not guarantees of future performance. Always conduct thorough research and remain adaptable to changing market conditions. Disclaimer: This analysis is for informational purposes only and does not constitute financial advice. Always perform your own analysis before making trading decisions.
by akvil3
Fundamental Market Analysis for November 19, 2024 USDJPYThe Japanese yen (JPY) rose against its US counterpart during Tuesday's Asian session, although it lacked bullish confidence amid uncertainty over the timing of the Bank of Japan's (BoJ) next interest rate hike. In addition to this, risk-on sentiment reflected in the overall positive tone in the equity markets may be contributing to the safe-haven yen's decline. That said, geopolitical risks and lower US Treasury yields could prevent a significant downside for the low-yielding yen. In addition, speculation that Japanese authorities may intervene to support the national currency may deter bears from aggressively betting on the yen. The focus will now shift to Japan's consumer inflation data and global PMIs due out later this week. Japan's Economy Minister Ryosei Akazawa said Tuesday that “it is crucial to raise wages for all generations with an economic package.” He also noted that he is “aiming for the cabinet to approve the economic package soon.” At the time of writing the analysis, the USD/JPY pair is consolidating on the latest round of declines just above the 154.10 level, having lost 0.36% on the day. Trade recommendation: Trade mainly with Sell orders from the current price level.
Short
by Fresh-Forexcast2004
Sell USD/JPY Bearish FlagThe USD/JPY pair on the M30 timeframe presents a potential selling opportunity due to a recent downward breakout from a well-defined Bearish Flag pattern. This suggests a shift in momentum towards the downside in the coming Hours. Key Points: Sell Entry: Consider entering a short position around the current price of 154.42, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum. Target Levels: 1st Support – 153.18 2nd Support – 152.55 Your likes and comments are incredibly motivating and will encourage me to share more analysis with you. Best Regards, KABHI FOREX TRADING Thank you.
Short
by KABHI_TA_TRADING
6