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Usdjpytrade

USD/JPY Rebounds from Key Support – Eyes on 150.035 Target Support Zone: The price is currently respecting a strong support area between 144.459 - 145.101. This zone aligns closely with the 200 EMA (145.101), increasing its validity. EMAs: 50 EMA (146.059) is slightly above the current price. 200 EMA (145.101) is acting as dynamic support. Price is currently trading just above the 200 EMA and below the 50 EMA — a neutral-to-bullish bias, especially since it bounced off support. Bullish Signal: The price has rejected the support zone and is attempting to break higher, supported by the bullish arrow projection. Target Point: Clearly marked at 150.035, which is a previous resistance level. This gives a potential upside of around 460 pips from the support area. 🧭 Trade Idea (if bullish bias is maintained) Entry: Around 145.40–145.10 (current area) Stop Loss: Below 144.459 (support base) Take Profit: Around 150.035 Risk-Reward: ~1:3 or higher, depending on exact entry/exit. ⚠️ Caution Watch for resistance at 146.059 (50 EMA); a clean break and retest would further confirm upside potential. If price closes below 144.459, bullish invalidation could lead to a deeper correction
Long
by MrStellanSight
USDJPY Cup & Handle – Eyes on 147.883Entry Point: 143.525 (unchanged) Stop Loss: 141.847 (unchanged) Target Point One (TP1): 145.063 (unchanged) Final Target (TP2): Now refined to 147.883 instead of 147.894 — a small, precise update. 📈 Pattern and Structure: Cup-and-handle formation still intact, indicating a continuation pattern. Support confirmation at the 143.5 zone, showing a potential base for a bullish reversal. The chart shows strong upside projection toward the resistance band near 147.8–148.0, highlighted with the upper purple zone. 📊 Risk-Reward Profile: Risk (Entry to SL): 143.525 – 141.847 = 1.678 Reward (Entry to TP2): 147.883 – 143.525 = 4.358 Reward-to-Risk Ratio: 4.358 / 1.678 ≈ 2.6R — a favorable risk/reward setup. 🧠 Trade Notes: Entry is slightly above a demand zone. First target is conservative, near a known resistance. Final target aligns with prior highs and the broader ascending wedge’s upper bound. Timing suggests the bullish push may unfold over the next few sessions (likely May 6–8 range, as curved arrow indicates a rounded retest/bounce scenario)
Long
by EA_GOLD_MAN_COPY_TRADE
USD/JPY Bearish Breakdown: Trendline Breach and Retest TargetingChart Breakdown: 1. Rising Channel ⬆️ Uptrend inside a channel marked by a support line Price moved up steadily within the boundaries Support line = channel bottom (🔵 Blue line) 2. Trendline Breakout ⚠️ Bearish breakout occurred when price broke below the support This is a sell signal as it invalidates the upward trend. 3. Retest Zone (Resistance) After the breakout, price came back to test the previous support — now resistance 🔄 Retest happened inside the blue box zone This zone is crucial — if price fails here, it confirms resistance. 4. EMA 70 (Exponential Moving Average) 🔴 Red curve = EMA 70, currently above price This suggests downward momentum is building. 5. Target Point 🎯 Target = 139.869 Based on projected move from the breakout 🔽 Bearish target shown by vertical arrow. Summary : Trendline break: ✂️⬇️ Retest at resistance: 🔄❌ EMA direction: 🔴↘️ Final target: 🎯139.869 Current mood: 🐻 Bearish Bias
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 - 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.
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
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