USD/JPY) Bullish reversal analysis Read The ChaptianSMC Trading point update
This chart is for USD/JPY on the 1-hour timeframe, and it presents a bullish trade setup. Let’s break down the idea
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Key Observations:
1. Current Price:
USD/JPY is trading around 146.281.
2. Overall Bias:
Bullish setup expecting a bounce from demand into a higher target zone.
3. EMA 200:
Price is currently below the 200 EMA (147.942), which usually suggests a bearish trend — but this setup is aiming for a short-term bullish retracement.
4. Demand Zone (Buy Area):
Marked in yellow between 145.822 and slightly above.
Labeled as "FVG orders" (Fair Value Gap), suggesting institutional interest or imbalance fill.
5. Trendline Support:
The price is approaching a rising trendline, adding confluence for a potential bounce.
6. Expected Move:
Price is expected to bounce from the demand zone, form a higher low, and then move up toward the target zone at 148.221.
Two upside targets are drawn:
First Move: ~1.12% (30.6 pips)
Full Target: ~1.76% (256.1 pips)
Mr SMC Trading point
7. RSI (Relative Strength Index):
RSI is around 37.66, nearing oversold territory, supporting a bullish reversal idea.
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Trade Idea Summary:
Bias: Bullish
Entry Zone: Around 145.822 (fair value gap & trendline support)
Target Zone: 148.221
Stop Loss: Likely just below the demand zone or trendline
Confluence Factors:
Trendline support
RSI nearing oversold
Fair value gap zone
EMA 200 overhead (target acts as resistance)
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Pelas support boost 🚀 analysis follow
Usdjpylongsetup
USD/JPY Bullish Reversal: Order Block & EMA 200 TargetSMC Trading point update
This chart presents a technical analysis of USD/JPY on the 1-hour timeframe. The key insights from this analysis are:
1. Order Block & Potential Reversal
The price has dropped significantly and reached a highlighted order block zone (a key demand area).
A potential inverse head and shoulders pattern is forming, indicating a possible bullish reversal.
2. Expected Bullish Movement
The price is expected to bounce from the order block, creating a bullish structure.
The projected move suggests a retracement toward a resistance zone, which aligns with previous price action.
Mr SMC Trading point
3. Target Zone & EMA 200
The target zone is around 148.946 - 149.178, aligning with the 200 EMA, a significant resistance level.
4. RSI Indicator
The RSI is currently low (~38.93), indicating potential for a reversal as the market may be oversold.
Conclusion
The chart suggests a bullish retracement after the recent drop, targeting the resistance zone near the 200 EMA. However, confirmation is needed (e.g., bullish price action, volume increase) before taking a trade. Keep an eye on fundamental news that may impact USD/JPY volatility.
Pales support boost 🚀 analysis follow)
USDJPY- ATTEMPTING TREND REVERSALSymbol - USDJPY
CMP - 148.87
The USDJPY is currently in a corrective phase, retesting the previously breached downtrend boundary. The market is attempting to break this trend amidst a broader correction of the US dollar.
The dollar is facing significant challenges due to various economic and geopolitical factors in the United States, coupled with persistently high inflation. In light of these conditions, the US dollar Index may continue to experience a deeper correction, as expectations for interest rate cuts could be extended, potentially exerting further pressure on the markets.
Earlier, the currency pair attempted to overcome the resistance of the downtrend and succeeded, yet this move alone is insufficient to confirm a trend reversal; additional confirmation is required.
Support levels: 148.92, 148.21
Resistance levels: 150.16, 150.95
If the bulls manage to maintain support above the 148.92 - 149.5 range, there is a promising opportunity for a potential trend reversal. A move towards the 150.16 resistance level, followed by a breakout and sustained price action above this level, would serve as confirmation of the trend shift.
USD/JPY Bullish Outlook – Targeting Key Resistance at 150.155USD/JPY Technical Analysis – Bullish Outlook Toward Resistance
Chart Insights:
The price is currently in a recovery phase after a significant drop.
A Fair Value Gap (FVG) zone has been identified, suggesting a potential pullback before further movement.
The target point aligns with the resistance level around 150.155, which acts as a key supply zone.
Potential Scenario:
Price may retrace into the FVG zone around 148.704 – 148.956.
A bullish rebound from this level could drive price toward the resistance at 150.155.
If price reaches the resistance level, further rejection or continuation will depend on market conditions.
Key Levels:
Support Zone: 148.167 – 148.315
FVG Area: 148.704 – 148.956
Resistance Zone: 150.007 – 150.155 (Target area)
Conclusion:
The current structure suggests a bullish bias if price respects the FVG zone for a push higher. However, a break below the FVG could signal further downside movement
USD/JPY Breakout Trade Setup – Bullish Potential Ahead!📉 Trend Analysis:
The pair has been in a downtrend 📉 since early February, following the descending trendline.
Now, price is breaking out above the trendline 📈, indicating a potential reversal or bullish move.
📊 Trade Setup:
🔹 Entry: Around 149.731 (current price)
🔹 Take Profit Targets:
🎯 TP1: 150.170 (First resistance)
🎯 TP2: 151.028 (Stronger resistance)
🚀 Final Target: 152.309 - 152.319 (Main bullish goal)
🔹 Stop Loss: 148.567 - 148.549 (Below recent support) ❌
⚖ Risk-Reward Ratio:
✅ Good reward-to-risk setup since stop-loss is tight, but the upside potential is higher.
USD/JPY Technical Analysis & Trade Outlook – March 16, 2025Current Price: 148.618
EMA (30): 148.545 (short-term trend)
EMA (200): 148.286 (long-term trend)
Resistance Zone: 149.233
Support Zone: 148.286
Analysis & Price Action:
The price is trending upwards, forming higher lows, indicating bullish momentum.
The price is above both the 30 EMA and 200 EMA, which suggests an ongoing uptrend.
A support level around 148.286 is holding, reinforcing a bullish bias.
Forecast & Trade Plan:
A potential breakout above the minor resistance could push USD/JPY towards the 149.233 target.
If price retraces, a bounce off 148.286 would present a buy opportunity.
If price breaks below 148.286, the bullish outlook weakens, and further downside may follow.
📌 Bias: Bullish towards 149.233
📌 Confirmation: Watch price action at support and resistance levels
📌 Risk Management: Consider stop-loss below 148.200 to protect downside.
Would you like further details on trade entry points
USDJPY - POTENTIAL REVERSAL FROM KEY SUPPORT LEVELSSymbol - USDJPY
CMP - 147.82
Following a significant decline in USDJPY, The price is approaching a strong support zone which is held since July 2024. The fundamental environment has been volatile recently, with a predominant influence from Trump's tariffs & US economic factors. Given the recent price action near support zone 148.00 - 147.00, there is a possibility that the pair could rebound from this level. The market’s current hesitation near this support zone suggests that the bulls may be preparing to defend this area.
The aggressive sell-off in US dollar, while exerting downward pressure, is also at oversold levels & creating a scenario where a potential reversal could take place, supported by the decline of Japanese Yen. Should the price manage to hold above the 147.20 support, it could signal the reversal.
From a technical perspective, there are two potential triggers on the chart: one signaling a buy and the other signaling a sell. However, given the prevailing global and local forex trends, the preference is to take a long position.
Resistance levels: 148.85, 150.00
Support levels: 147.25, 146.90
At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach to 150.00 & 152.15 levels.
USDJPY - A REBOUND FOLLOWING DOLLAR STRENGTHSymbol - USDJPY
CMP - 150.25
USDJPY pair is experiencing an upward movement in line with the performance of the US dollar. A temporary reversal is currently unfolding, driven by domestic political and economic factors in the United States.
The price is consolidating in the range of 149.40 - 148.60 after a significant decline. This long-term consolidation is creating a reversal pattern, further supported by the reversal and strengthening of the US dollar. Consequently, the Japanese yen is losing ground.
Key resistance is located at 150.30, should the bulls manage to maintain support above this level, there is potential for further price appreciation toward trend resistance in the short to medium term.
Resistance levels: 150.30, 150.95
Support levels: 149.40, 149.15
At present, the market is in a downtrend, with potential for a counter-trend correction. The direction of the price will depend on the US dollar's performance and upcoming economic news. If the outcome is favorable, the price could potentially reach 152.30
USDJPY SHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD USDJPYSHOWING A GOOD UP MOVE WITH 1:5 RISK REWARD
DUE TO THESE REASON
A. its following a rectangle pattern that stocked the market
which preventing the market to move any one direction now it trying to break the strong resistant lable
B. after the break of this rectangle it will boost the market potential for break
C. also its resisting from a strong neckline the neckline also got weeker ald the price is ready to break in the outer region
all of these reason are indicating the same thing its ready for breakout BREAKOUT trading are follws good risk reward
please dont use more than one percentage of your capitalfollow risk reward and tradeing rules
that will help you to to become a bettertrader
thank you
USDJPY 1H BUY PROJECTION 19.09.24Reason for Bullish
USDJPY Correlation
In fact, what drives the USD/JPY pair the most is monetary policy divergence between the Fed and the BoJ and risk sentiment. In normal times, when there's risk on sentiment you can see the USD/JPY appreciating all else being equal, while during risk off flows you can see the JPY gaining strength.
USD JPY trade setup price is reversing from 149.578 without testing resistance which mean a lack of buying liquidity
the following previous green long candles left behind imbalance which have created fair value area
with applying fib to draw the PD area
149 to 148.781 is above discount zone which will hold less impact
whereas 148.500 to 148.300 is the zone where we can look for trade and for the target of 149.995 and stop loss based on risk taking capability
USD-JPY Trade Setupprice is at resistance zone of 151.144 and 151.380
after the recent break of structure there is open order block to restest
also there will be small liquid or inducement zone that need to be triggered
for next upside
150.432 and 150.246 is the buying area
with stop loss of 150 rd figure
and target of 151.500
with risk to reward 1:3
condition to avoid if price reach 151.500 first before coming towards our buying zone then the trade we be cancelled
USDJPY – What's the intervention threshold? USDJPY – What's the intervention threshold?
In September of last year, the Bank of Japan (BOJ) made a move in the market to strengthen its currency when it reached 145 against the USD, marking the first such intervention since 1998. This action was taken following the BOJ's decision to maintain an extremely accommodative policy (a policy that is yet to change still). The BOJ intervened once more in October when the yen further plummeted to its lowest level in 32 years, reaching 151.94 against the dollar.
At present, investors hold a substantial short position in the yen, valued at $9.793 billion, representing the largest such position in the USDJPY since May 2022. This value has nearly doubled in just the past three months. Notably, former Japanese Vice Finance Minister Eisuke Sakakibara has suggested that the USDJPY could reach 160 before the BOJ intervenes once again.
However, the USDJPY has recently built a bit of a buffer between itself and whatever the intervention threshold is for the BoJ. Over the past two trading days, the US dollar has weakened, largely due to remarks made by Federal Reserve officials. These statements have strengthened the belief that the US central bank is nearing the end of its tightening phase.
It is widely anticipated that Fed policymakers will implement a rate increase during their upcoming meeting this month, which would set the policy rate range at 5.25% to 5.50%. However, the timing of any subsequent rate hikes remains uncertain. There are questions whether they will raise rates again in September, delay until November, or maintain the current stance and allow inflation to naturally subside over time.
Consequently, the US dollar has experienced a decline against the yen, reaching a low of 141.32 yen, the lowest level observed since June 21. Currently, it is down 0.5% at 141.328. This drop follows a decrease of nearly 1.3% seen last Friday when the US nonfarm payrolls for June fell short of market expectations at 209,000.
USDJPYDear traders,
As I have been accustomed to in recent months and this time my technical analysis had an accuracy rate of over 95% and I will try to continue to keep this percentage as long as possible
As I said in the last weeks .. s I said UJ rejected from the Fibonacci 0.5 ... it went down in the area 108,600 from where it rejected again and goes again to the Fibonacci 0.5 area making a range between these values!
In the next period I expect this range to continue and I will play between the Fibonacci 0.5 and Fib 0.382 areas until the first closing on the chart for a week outside these values.
THIS WEEK...as I said last week, UJ remained in the range between 0.5 and 0.382 Fibonacci levels, which I think will reach this week!
NOTE: Please, give a LIKE if you find this idea useful!
GREAT ATTENTION:
*This information is not a Financial Advice.