Get started

Usdjpysetup

KEY SUPPORT IN FOCUS - CAN USDJPY HOLD THE LINE?Symbol - USDJPY USDJPY is approaching a critical support level amid a prevailing local downtrend. Downward pressure on the US dollar continues to intensify, reinforcing the bearish momentum in the pair. The US dollar index has begun to decline, which is mirrored in the weakening of USDJPY. Selling pressure is gaining momentum, and a local downtrend is clearly forming. The pair is currently testing key support at 144.82. A confirmed break below this level would likely pave the way toward lower support zones at 143.44 and 142.35, Sustained price action below 144.82 may act as a trigger for an extended sell-off. Key Resistance levels: 145.34, 146.07 Key Support levels: 144.82, 143.44, 142.35 Both global and local trends remain bearish. The ongoing decline in the dollar may serve as an additional resistance factor, contributing to further downward momentum. A break and consolidation below the 144.82 support level would likely confirm the continuation of the bearish trend.
Short
by akshit_official
USD/JPY4H Analysis:Demand Zone ReTest Before Bullish Continuatio1. Trend Channel 🔼 Uptrend: The pair is moving inside an ascending channel. ▪️ Support: Lower boundary of the channel. ▪️ Resistance: Upper boundary of the channel. 2. Recent Price Action 🔴 Pullback: After reaching the top at 146.199, price is retracing. 📉 Price is now heading toward the Demand Zone. 3. Demand Zone 🟦 Demand Zone (142.405 – 143.180): This zone could act as a strong support Buyers might step in here Watch for bullish patterns or rejections around this area 4. EMA 70 📏 EMA 70 (143.568) is slightly below current price (143.949) — this may offer temporary support/resistance. 5. Target 🎯 Target Point: 146.194 If price bounces from demand zone, this is the next bullish target. Possible Scenario 1. 🔽 Price dips into the Demand Zone 2. 🟢 Bullish bounce → Confirm with candlestick signals 3. 🚀 Upside move targeting 146.194
Long
by Jameshead007
USD/JPY Bearish Trade Setup – SBR + DBD Zone Rejection📉 Trend Analysis: 🔴 Downtrend confirmed by lower highs and lower lows. 📉 Descending trendline indicates continuous bearish pressure. 🔹 Key Levels & Zones: 🔵 Resistance Zone (SBR + DBD) – 144.123 📍 (Sell Entry Point) 🟠 Stop Loss – 145.209 🚫 (Above resistance to avoid fake breakouts) 🟢 Target Point – 139.694 🎯 (Strong support area) 🏹 Expected Price Action: 🔸 Scenario: 🔺 Price moves up toward the resistance zone (🔵 SBR + DBD Zone) 🔻 Bears take control (Rejection expected) ⚡ Drop towards target at 139.694 📊 Trade Plan: ✅ Entry – Wait for rejection at 144.123 (🔵) ✅ Stop Loss – Keep at 145.209 (🛑🔺) ✅ Take Profit – Aim for 139.694 (✅🎯) 💡 Risk-Reward Ratio: Good (More reward than risk)
Short
by Jameshead007
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.
Long
by akshit_official
USDJPY - TRADING AT SUPPORT LEVELSSymbol - USDJPY USDJPY has encountered support and appears to have staged a false breakdown of the lower boundary of the prevailing local trend. At present, the dollar is strengthening, which could present an opportunity for the currency pair to appreciate. The price is consolidating in a strong support zone, and the fundamental environment has been volatile recently, with a predominant influence from U.S. economic factors. Meanwhile, the prospect of interest rate hikes in Japan has largely been disregarded, with market participants focusing more on economic data from the West. 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 upward global and local trends, the preference is to take a long position. Should the currency pair manage to secure a close above the 151.90 - 151.95 range, we can anticipate further upward movement towards the target levels shown on the chart in both the short and medium terms. Resistance levels: 151.95, 153.70, 154.00 Support levels: 151.00, 149.52 However, if the dollar continues its correction and the bulls fail to maintain the false support breakdown, a price return to 150.95 could trigger a support break, leading to a potential decline towards 148.60
Long
by akshit_official
4
USDJPY - RETEST OF SUPPORT BREAKDOWN. SELLING AHEAD?Symbol - USDJPY USDJPY is unable to maintain its uptrend for the time being. Speculation about potential actions from the Bank of Japan is expected to surface. Meanwhile, the US dollar continues to strengthen. The 158.45 level represents a significant resistance formed by bears, who are still exerting pressure on the market. This week, we anticipate active measures from the Bank of Japan, particularly an interest rate hike. While such actions are relatively rare, they could provide strong support for the currency pair. If Japan proceeds with this move, the pair may continue its correction from the 0.5 - 0.7 Fibonacci levels. In this case, key targets could include the zones at 153.25 and 152 Resistance levels: 156.55, 157.22 Support level: 155 A price drop below 155 could trigger aggressive selling. The rate decision in Japan is set for Friday, and until then, the price may remain in a consolidation phase.
Short
by akshit_official
USDJPY May 27, 2024 Has the price started to rise?Looking at the H1 chart we see that the price is in wave 4 - Wave 4 target at price range 156.55 - Then the price continues wave 5 with wave targets at 157.4 and 157.83 We watch to buy at 156.55 after the candlestick reversal signal appears Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
Long
by DEEKOP
USDJPY week 3, May 2024 Can the uptrend last long?Hello everyone, DEEKOP is ready to bring the most accurate signals and assessments to everyone. Financial freedom is true freedom. With the BOJ's intervention becoming increasingly clear, people are expecting the BOJ to increase interest rates 3 times this year and will begin the first increase in June. We use the Elliot principle to analyze the USDJPY chart We see both the big wave level in purple and the small wave level in blue, meaning the price is completing wave 5. Deekop measured the expected goal of completing wave 5 in two price ranges, the price range 159.2 and the price range 164.3. At these price zones, there may be a reversal zone, then the USDJPY price will enter the ABC correction wave. This is my plan for next week, the order entry area will be updated daily based on market fluctuations next week. Note: Sufficient TP, SL to be safe and win the market‼ ️Change data plan will be updated later. Deekop's analysis is only a personal opinion with a desire to share its views with the community. I'm not always right. But my analysis always reflects my meticulous evaluation of what is best for an investment.
by DEEKOP
USD JPY Pullback expected !!!The price has cleared 151 lvl and halting near the resistance 151.950 or 152 as rd fig this resistance is monthly high expected the price to go sideways and make a build up before making the breakout also as decided in the post of DXY, similarly here some fair value area are let behind after strong one side up move 149.700 to 149.550 there is good fvg to trade on thereafter 148.300 148.900 which is little less probable to see upto next week (only there is no breakout above 152 level)
by Jimmy_Rebello
USD/JPY the two ways to trade (long and short) logic1. for pullback trader or people on short side will trade based on lower low and lower high formation but price movement on down side is bit slow and steady if price reacts on 2nd poi but, does not break the recent (internal lower low) of 141.500 and makes higher low this make the short trade very choppy mind exhaustion 2. for long side trader price might defend the low of 141.500 well and breaks above the both POI wait for the retracement or let the price complete the chart pattern of CUP AND HANDLE (well the chart pattern is just a assumption do not trade before the completion) My Today's Learning candle CLOSE & pattern COMPELETION is the key
by Jimmy_Rebello
USD/JPY Trade Setup1. Trade pullback ? >>> let price get back to POI for entry with sl above POI (offers good R:R) >>> follow the lower high lower lows pattern >>> exit on price switching to higher low 2. Conservative Trade ? >>> wait for the price to get a DISCOUNTED ZONE (fib 0.5 from recent swing low to high) >>> long on swing making higher low and higher high (avoid entering direct on 0.5 without confluence) (previous trade got out with small SL, then we saw a parabolic upside this is why sl is important)
by Jimmy_Rebello
USDJPY TRADING SETUPUSDJPY is trading at supply zone at all important time frames which is High Resistance Level. At 4hr and 1D Double top pattern has been formed which is extremely bearish in nature. A range has been formed in 1HR time frame. Looking for breakdown of that range that I have marked in Rectangle. As range breaks, with confirmation of volume and candle, I will enter the trade with stop loss at Resistance i.e high of Rectangle. With breaks upside then wait for price action to form. No buy trade in USDJPY. ENTRY=138.33 TARGET=136.34 SL=138.90 COMMENT BELOW YOUR IDEA GIVE A LIKE IF YOU AGREE WITH MY SETUP
Short
by SardarGMarkerTrader