USDJPY buy to sell ideaafter a strong bullish runup, in higher timeframe market is now currently ranging , in 4h timeframe market form double top liquidity and selloff which is more likely to be taken out so overall I am more bullish.
the trading idea takes place in 1h timeframe, there was a large imbalance untested supply was there which is more likely to be tested. in current scenario market broke all its structure and there is resistance above so if market came to my defined demand then with confirmation i will go for long to that imbalance supply .
as above it there was liquidity which needed to be taken out so i am not quite sure about the short idea
USDJPY
#USDJPY it's possible to sell#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
135.314
Next Zone area & horizontal swing Low support
1st Resistance
146.835
Zone area & horizontal swing high resistance
#USDJPY it's possible to sell#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
135.314
Next Zone area & horizontal swing Low support
1st Resistance
146.835
Zone area & horizontal swing high resistance
USDJPY stays on the way to 150.00Despite the latest pullback from a 24-year high, the USDJPY remains inside a five-month-old megaphone formation suggesting a further widening of the uptrend. Even so, the overbought RSI (14) suggests a pullback of the yen pair, which in turn highlights a two-month-old horizontal support area surrounding 134.00-134.40. Following that, the 50-DMA and 100-DMA could test the pair sellers around 136.80 and 134.00 respectively. It’s worth noting that the stated megaphone’s lower line, near 132.40, appears the last defense for the pair buyers.
Meanwhile, recovery moves may initially aim for the 78.6% Fibonacci Expansion (FE) of the pair’s late March to early August moves, near 144.75, before challenging the megaphone’s top, close to 145.75. In a case where USDJPY bulls keep reins, the tops marked during the June and August months of 1998, close to 146.80 and 147.70 in that order, could probe the upside momentum towards the 150.00 psychological magnet.
Overall, a shift in the market sentiment isn’t a trend change and hence the bulls can keep control.
#USDJPY it's possible to sell#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
135.314
Next Zone area & horizontal swing Low support
1st Resistance
142.090
Zone area & horizontal swing high resistance
USDJPY renews 24-year high with eyes on 141.60USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998. Considering the RSI (14) uptrend, not overbought, as well as the bullish MACD signals, the quote is likely to approach the 140.00 threshold. It should be noted that the RSI could turn overbought at that level, given the minor space available, which in turn might trigger a short-term pullback before further advances. In a case where the prices keep rallying past 140.00, the 61.8% Fibonacci Expansion (FE) of the pair’s late March to early August moves, near 141.60, could gain the market’s attention.
On the contrary, a three-week-long ascending support line near 137.75 restricts the pullback of the USDJPY pair, a break of which could highlight the 50-DMA support level surrounding 135.90. If at all the pair drops below the 135.90 DMA support, an upward sloping support line from late May, near 132.10, will be the last defense of the bears before directing them to the 130.00 psychological magnet.
Overall, USDJPY buyers have some spare capacity to renew the yearly peak. However, the upside room is limited considering the RSI conditions.
#USDJPY it's possible to sell#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
135.314
Next Zone area & horizontal swing Low support
1st Resistance
139.654
Zone area & horizontal swing high resistance
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
Trading Signal For USDJPY Trading Setup:
There is a Trading Signal to Sell in USDJPY Currency Pair.
Traders can open their Sell Trades NOW
Rank : ⭐️⭐️
⬇️ Sell now or Sell on 137.52
⭕️SL @ 138.32
🔵TP1 @ 136.01
🔵TP2 @ 134.46
🔵TP3 @ 131.01
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
If you liked our ideas, please support us with your likes 👍 and comments.
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
USDJPY rebound has limited upside roomUSDJPY bounced off 131.25-50 horizontal support area despite multiple failures to cross the 50-DMA, not to forget the monthly resistance line. The recovery moves, however, appear to lack support from the oscillators, which in turn suggests another play of inability to cross the aforementioned key hurdles. Even if the quote manages to cross the one-month-old resistance line and the 50-DMA, respectively near 134.60 and 135.30, the monthly high around 135.60 and June’s peak of 137.00 will be tough challenges for the pair buyers to keep the reins.
Meanwhile, a four-month-old horizontal support area close to 131.25-50, comprising the 100-DMA and 61.8% Fibonacci retracement of May-July upside, becomes a tough nut to crack for the USDJPY bears. In a case where the pair drop below 131.25, the monthly bottom of 130.40 and the 130.00 psychological magnet will be important supports for the sellers to watch.
Overall, USDJPY consolidates the previous monthly fall but the road to the total recovery is a bumpy one.
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
134.151
Zone area & horizontal swing high resistance
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
134.151
Zone area & horizontal swing high resistance






















