USD/JPY (DAY TRADIN)FINALLY after a huge selling price started to show some bullish signals
look pretty good risk rward for me
be careful while using levg
and use a proper stoploss has shown in your chart
JPYUSD trade ideas
USD/JPY Under Bearish Pressure, Awaiting Fed DataDuring Tuesday's Asian session, USD/JPY is hovering near the 140.50 level, with key support at 139.570.
If the price holds above this level, it could see a recovery towards the resistance at 141.007.
EMA 34 and EMA 89 indicators are reinforcing the bearish pressure, positioned at 141.592 and 143.189, respectively.
If USD/JPY breaks above the resistance at 141.007, the next target could be 142.896.
The RSI is currently at 39.74, indicating that selling pressure remains dominant.
USDJPY time to buy ?USDJPY ending diagonal pattern breakout with positve MACD cross over.
Bias looks positive.. now shorters should be very careful.
expecting it to bounce atleast 27% to 38% fibonacci levels in short term.
Disclaimer : study is educational AND Not a trading advise.
USDJPY Support and resistance Current Price: Around 114.50-115.50 (subject to market fluctuations)
Resistance Levels: 116.00, 117.50, 119.00
Support Levels: 113.00, 112.00, 110.50
Trend Lines: The pair has been trending downwards since the peak in October 2021, with a short-term trend line around 117.00
Fibonacci Levels: 23.6% retracement of the 2021-2022 decline is around 112.50, while the 38.2% level is around 114.80
Pivot Points: Daily pivot points: S1-114.10, R1-115.80, R2-117.20
USD/JPY Falls Below 141.00 Due to Fed-BoJ Policy DivergenceUSDJPY is in a downtrend, trading around 140.908 after breaking the support level at 140.500.
The EMA 34 and 89 lines indicate that selling pressure remains dominant. If the price rebounds from this support, the short-term target will be 142.307. Otherwise, if the support breaks, the price may drop to 139.175.
Regarding news: USD/JPY continued to weaken below 141.00 in Friday's Asian session, driven by the policy divergence between the Fed and BoJ, which supported the Yen. Attention now shifts to U.S. sentiment data.
USDJPY Faces a Downtrend with Target at 135.492The USDJPY chart is showing a strong downtrend after reaching a peak in July.
Currently, the price is trading around 142.67 with a clear descending wedge pattern forming. Strong resistance lies at 147.537, while the projected downside target is 135.492.
The EMA 34 and EMA 89 both indicate a downward trend, confirming selling pressure.
In terms of news, U.S. economic factors, especially the CPI report, are having a significant impact on the USD. If inflation decreases, the USD may weaken, allowing USDJPY to continue its downtrend toward lower levels.
USDJPY Ranging 142-144 Ahead of U.S. CPIOn the 3-hour timeframe of the USDJPY pair, the price is moving within a range between the support level of 142 and the resistance level near 144.
Closest support: 142. This is a key support level, and if it breaks, a sharp decline to lower levels could follow.
Key resistance: 144. If the price surpasses this level, a short-term bullish trend may be triggered.
Traders can sell when the price touches the 143 resistance or breaks the 142 support, targeting the lower support levels of 142.500 and 141.800.
Investors are awaiting tomorrow's U.S. CPI report. A higher-than-expected CPI could boost the USD, aiding USDJPY recovery, while a lower CPI would pressure the USD, causing further declines in USDJPY.
USDJPY View!!U.S. stocks moved higher on Monday, following their European counterparts, as markets looked ahead to key data and actions from central banks.
The S&P 500 appeared set to snap a four-session losing streak, bouncing back along with the Dow from its biggest weekly percentage loss since March 2022.
The tech-laden Nasdaq staged a comeback after suffering its largest Friday-to-Friday decline since January 2022 last week.
USDJPY Tests 143 USD Resistance, Sell Opportunity AheadThe market is influenced by the monetary policies of the Bank of Japan and the Fed, along with U.S. interest rate updates and global economic conditions, continuing to cause volatility for this currency pair.
On the 4-hour USDJPY chart, the price is trending downwards, moving below both the EMA and SMA 20, signaling strong selling pressure.
The resistance near 143 USD has been tested several times but remains unbroken, indicating strong selling forces at this level.
If the price fails to break the 143 USD resistance, USDJPY is likely to continue its downward movement, heading toward the 140 USD level. This could present a potential selling opportunity if the downtrend persists.
USDJPY: "Death Cross" makes sellers optimisticUSDJPY ends a four-day decline and rebounds from its lowest point in a month as traders start the US inflation week with mixed feelings, especially after a disappointing employment report on Friday.
Sellers are in control
Despite the brief pause to recover from an ascending support line from late December 2023, the "Death Cross" on the moving averages and a possible bearish cross on the MACD suggest that sellers remain dominant.
Technical levels to watch
Given that the RSI is nearly oversold and the market is adjusting its previous movements, USDJPY might continue its recent recovery towards a resistance zone from a month ago, around 143.45-60. After that, a downward-sloping resistance line from early August, near 146.60, will challenge buyers before they can take full control. If they succeed, the 50% Fibonacci retracement level from July 2023 to 2024, around 149.60, and the 200-SMA level at 151.05 could attract more buying interest.
On the other hand, sellers might look for a daily close below a long-term rising support line, around 141.90. They should also watch for the late 2023 low around 140.25 and the 140.00 level, which could provide additional support before aiming for the mid-2023 low of 137.25.
What next?
The USDJPY pair might see a rebound as the market consolidates before the important US inflation data is released on Thursday. However, the bearish trend will continue unless the price stays below the 200-SMA.
USDJPY Deepens Decline: Support at 144.500, Target 143.000On the 3-hour chart, USDJPY is declining, approaching a key support level at 144.500, a level that has been tested and may react in the short term.
If the price tests this support and doesn't recover strongly, it is likely to continue its downtrend with the next target at 143.000.
The 89 and 34 EMAs act as resistance levels at 145.776 and 145.718, reinforcing the downward trend.
RSI at 42.88, near the oversold zone, indicates the price may drop further before a slight upward correction.
Investors may consider selling if the price breaks the 144.500 support, with a short-term target at 143.000.
Regarding news: Inflation data from Japan and the U.S. will impact USDJPY. If Japan's inflation remains low, the Yen could weaken further.
USD/JPY Rises Strongly with EMA Support and BoJ PolicyThe USD/JPY pair is currently trading around 146.716, with an upward trend supported by the trendline.
The chart shows that the EMA 34 is supporting the price, while the EMA 89 provides a support zone around 146. The EMA 34 crossing above the EMA 89 signals a short-term uptrend.
The RSI is at 68.04, indicating that USD/JPY is nearing overbought territory. This could lead to a short-term correction as the price approaches the resistance zone.
If the price breaks through the 147.300 resistance level, the upward trend could continue strongly, with the next target possibly at 148.286 or higher.
As for news: The Bank of Japan (BoJ) continues to maintain its loose monetary policy, creating a significant interest rate differential between the USD and JPY, driving this currency pair higher.
USDJPY: Bears flex muscles within five-week-old triangleThe USDJPY currency pair has fallen for the first time in five days after hitting a resistance level on a one-month-old chart pattern. This drop reflects a shift to safer investments as traders await important economic data and deal with the return of full trading activity after a long weekend in the US and Canada.
Buyers losing ground
Along with the change in market sentiment, a few technical indicators suggest the USDJPY might keep falling. The Relative Strength Index (RSI) is moving out of the overbought zone, and the MACD is showing less bullish momentum. However, sellers need to see the price drop below 144.20 to gain control.
Technical levels to watch
The important support level is 144.20. If the price falls below this, it might continue to drop. The 100-day simple moving average (SMA) at 146.10 is another key level that limits immediate losses. Additional support levels are 144.00 and the August low of around 143.40. If the price drops further, it could target the seven-month low of 141.70 and the psychological level of 140.00.
On the contrary, an upside break of the stated triangle’s top line, currently around 147.30, isn’t an open invitation to the USDJPY buyers as the 200-SMA hurdle of 148.80 acts as an extra upside filter. Also challenging the Yen pair buyers is mid-August swing high near 149.40 and the 150.00 round figure.
What next?
The USDJPY is likely to continue falling and might hit new lows for the year. However, the sellers need confirmation from upcoming US economic data and a break below the key support level of 144.20.
USD/JPY: Bearish Pressure Below 147.000 USD ResistanceThe H4 chart of USD/JPY shows the pair trading under a descending trendline with consecutively lower highs.
The 34-day EMA currently sits at 145.707 USD, near the lower support level, serving as strong support if the price continues to decline.
The MACD indicator shows divergence between the MACD line and the signal line, indicating weakening bullish momentum, reinforcing the likelihood of a price correction.
Traders might consider selling if the price tests the resistance around 147.000 USD but fails to break through. A take-profit could be set near the 145.000 USD support with a stop-loss slightly above the previous high to minimize risk.
On the news front: U.S. economic data, especially the upcoming Nonfarm Payrolls report, will significantly impact USD/JPY. Positive data could strengthen the USD, supporting the pair's bullish trend.
USDJPY Technical Chart ReviewWhen the USDJPY daily chart is examined; It is observed that the price movements continue below the trend line. As long as the USDJPY level of 151.792 cannot be passed upwards, it is evaluated that in price movements below the level of 146.874, it can break down the level of 141.885 and retreat to the level of 135.632.
USDJPY Adjusts, Forms New Resistance, Awaiting Signals from BOJCurrently, USDJPY is adjusting after breaking out of a downward channel, creating a new resistance zone at 145.000 and showing signs of a potential reversal.
The EMA 34 and EMA 89 lines are currently above the price, acting as dynamic resistance levels and applying downward pressure.
The key support zone lies around 143.500. If the price drops to this level and strong buying pressure emerges, we can expect a potential rebound from here.
Traders should closely monitor price action at key support and resistance levels. Entering buy or sell positions should be based on clear price action or technical signals.
On the news front: The Japanese yen stabilized on Thursday after a strong rise earlier in the week, driven by bets that the Bank of Japan will further hike interest rates this year following a series of tightening signals from BOJ officials.
USDJPY: Off 13-month-old support during short-term downtrendUSDJPY has bounced back from a key support level that’s been in place for 13 months but remains in a short-term downtrend. The pair faces resistance from this old support line, now turned resistance, and the 21-day moving average (SMA).
USDJPY recovery appears unreal…
Although USDJPY is recovering from significant trendline support of around 143.70, indicators like the RSI and MACD suggest a strong bullish trend may not be likely. Additionally, market uncertainty before upcoming Japanese economic data and the US Core PCE Price Index (a key inflation measure) adds to the uncertainty.
Key technical levels to watch…
USDJPY pair’s recovery appears less convincing unless it crosses the 200-SMA hurdle of 151.20. That said, the 21-SMA and the multi-month-old previous support line, respectively near 146.40 and 149.80, quickly followed by the 150.00 threshold, will challenge the buyers before giving them control.
On the contrary, a daily closing beneath the 143.70 trend line support will direct the USDJPY bears toward the late 2023 bottom surrounding 140.45 and the 140.00 psychological magnet. In a case where the prices remain bearish past 140.00, an area comprising levels marked since March 2023, close to 137.90-70, will be the last defense of the buyers.
What next?
USDJPY is at a critical support level. A short-term bounce is possible, but the chance of further declines is higher unless the pair breaks through the 151.20 resistance.
USDJPY sellers keep eyes on 144.00 and FOMC MinutesThe USDJPY pair is currently recovering from its lowest point in two weeks and breaking a three-day losing streak. The US Dollar is bouncing back from a yearly low as traders await the latest Federal Open Market Committee (FOMC) meeting minutes. Despite this bounce, the Yen pair is still trading below important Exponential Moving Averages (EMAs) and shows bearish signs from the MACD indicator, keeping sellers optimistic.
If the USDJPY continues to drop, it might soon test the 144.00 support level, which has held for about 12 days. A fall below 144.00 could push the pair towards the July low of around 141.70. However, the Yen pair will need to move past the 50% Fibonacci Extension near 141.30 before targeting 140.00 and the 61.8% Fibonacci Extension around 139.40-35.
On the upside, the 50 and 100 EMAs are likely to cap the USDJPY’s immediate gains, with resistance levels around 147.10 and 148.50. Beyond that, the pair might face resistance at the previous weekly high near 149.40 and the 150.00 level. If it breaks above 150.00, the final resistance points are at the 200-EMA level around 151.15 and the late July swing low near 151.95.
In summary, while the USDJPY is currently recovering, the bears remain in control as traders await key news.
USDJPY eyes another bear run, focus on Japan GDP, US inflationEarly Monday, the USDJPY has risen slightly above 147.00 after its first weekly gain in six weeks. This increase follows a rebound from a seven-month low. The rise is supported by a recovery in the RSI and positive signals from the MACD. However, the pair’s failure to defend a week-long bullish trend channel and its continued trading below the 50-bar Exponential Moving Average (EMA) still keeps bears hopeful. Additionally, a downward trend line from early July suggests that sellers still control the market.
The USDJPY is likely to stay under pressure unless it can rise above a resistance line near 150.80. Currently, the 50-EMA and the lower end of the rising channel, around 147.85-90, are key levels to watch. The 150.00 level may offer additional resistance, and if the pair can surpass 150.80, it might target around 155.50.
On the downside, immediate support levels to watch are 145.50 and 143.30. If the price falls further, the monthly low near 141.70 and the psychological level of 140.00 could come into play. If the USDJPY drops below 140.00, it might test the mid-2023 low around 137.25.
While technical indicators suggest a bearish outlook for USDJPY, traders should be cautious due to upcoming economic data releases, including Japan’s Q2 GDP and the US Consumer Price Index (CPI).
Big short for USD/JPYJPY interest rate hike has made JPY much more attractive to investors. and the XXX/JPY pairs all show strong sell signals. USD/JPY has a divergence phase at time W+M. You understand what I mean!
Big short for USD/JPYJPY interest rate hike has made JPY much more attractive to investors. and the XXX/JPY pairs all show strong sell signals. USD/JPY has a divergence phase at time W+M. You understand what I mean!
USD/YEN CARRY OVER TRADE ...TALK OF THE TOWN...The chart shows important levels as per Gann Trading system.
" A picture is worth 1000 words."
Happy trading !!!
USDJPY buy on dip sl today low upside huge Target selling doneDisclaimer -
This information is only for educational purposes, this is not for any buy or sell recommendations .
On Our Harmonic pattern indicator
based trade setup take trade as explained below :-
ENTRY -
When price breaks 30% retracement Which is D points then take Entry on Buy or Sell Trade
SL -
SL is (-3%) Which is mentioned in Chart . our SL is just above or below of Recent high or Low .
TARGET -
Target 1- (T1 : 61.8 %)
Target 2- (T2 : 88.6 %)
Target 3- (T3 : 127.2 %)
Target 4- (T4 : 161.8 %)
Please note:-
It's working on news based and volitile market very well so exit if SL hit
