USDJPY SHORT TERM TRENDUSDJPY Forming short term(30 M) long side,blue line represents side long trend.
USDJPY trade ideas
Short setup in USD/JPYChart is self-explanatory. we have the breakdown from the range on the hourly timeframe and we are seeing a re-test of the pivot level now. Target is the depth of the pattern and the stop is above the range.
Long USDJPYSupport zone of 142.8 - 143.00. Oversold on hourly, can expect a bounce from here. Playing long til 143.5
USDJPY SHORTUSDJPY sells below 144.000
based on 1hr rising wedge.
waiting for support to break for short.
usdjpy at distribution stateusdjpy showing distribution stage price may fall down to next support zone
USDJPY bulls seem tiring, bears need rising wedge confirmationUSDJPY’s U-turn from an eight-month high has significance for the sellers as it reverses from a convergence of the rising wedge bearish chart pattern’s top-line and a 10-month-old horizontal resistance area. Not only that, but the overbought RSI also suggests the end of a bullish reign. The same signals the Yen pair’s pullback to the 61.8% Fibonacci retracement of the October 2022 to January 2023 downturn, near 142.50. However, the bears need more than that to retake control, which in turn highlights a joint of the 21-EMA and bottom line of the stated wedge, close to 141.90 by the press time. Following that, the 140.00 round figure and March’s peak of 137.90 could become the seller’s favorite. Though, there will be a bumpy road for the Yen pair bears past 137.90 as lows marked in March and in January, respectively near 129.65 and 127.20, will be tough nuts to crack before directing the quote to the rising wedge confirmation’s theoretical target of 130.40 and then to the 130.00 round figure.
On the contrary, the USDJPY pair’s run-up beyond the aforementioned immediate resistance confluence, near 145.00-10, could aim for the 78.6% Fibonacci retracement level of 146.70 and then to the late October 2022 peak of around 148.85. Additionally acting as an important upside filter is the 150.00 round figure. It’s worth noting that the RSI conditions can keep challenging the Yen pair buyers on their way to the north while targeting the previous yearly top of around 152.00.
Overall, USDJPY is likely to witness fresh downside but a clear break of the 141.90 support is a must for sellers to retake control.
USD JPY W chart pattern USDJPY data in chart pattern follow W pattern create.
Now timings for buying 151.501
News effect sure but sure W chart pattern finishing this month.
USDJPY - Trend Continuation Or Reversal - Spot The Trade6 days continues close in green as of now we may close in red. If we sustain below the low of todays candle then we will see some more red days as we haven't seen any profit bookings in 4 h time. Expecting some Correections.
USDJPY Downtrend AnalysisTrade Analysis : Swing USDJPY Downtrend
Trendline analysis on USDJPY
Trend Identification: Swing Downtrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 143.375, T2 - 143.00. Check for Entry and Stop-loss.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
long USD/JPYLooks like another breakout from the consolidation pattern on the hourly timeframe. The pair has the next resistance only at 145 level. That is a lot of room to rally.
USDJPY UPTREND SWING ANALYSISTrade Analysis : Swing USDJPY UPTREND
Trend analysis on USDJPY
Trend Identification: Swing Uptrend USDJPY.
Support/Resistance Levels: Identify key levels on the chart for potential entry and exit points.
Price Behavior: Daily Bullish pullback with market structure.
Targets: T1 = 141.00, T2 - 142.500.
Risk Management: Set appropriate stop-loss levels to manage risk and protect against adverse price movements.
Confirmation Indicators: Support/Resistance Levels, Higher High, Higher Lows.
Conclusion: Based on the chart analysis of , USDJPY is Downtrend has been identified. Combine this analysis with thorough research and risk management strategies to make well-informed trading decisions. Avoid counter-trend trading. Happy trading!
(Note: Trading is subject to market risk. This is analysis not an trade idea for trade.)
long USDJPY USDJPY has a strong support at 142.344, which is a strong support level. I am looking for a buy USDJPY. Do not enter without any confirmation.
USDJPYFX:USDJPY
As you can see that, From past 1week USDJPY is in uptrend and now it is going to take some consolidation and pullback like SMC. Created a horizontal good support and it is good to scalp and capture some pips. take retest entries. plan your trade accordingly....
TRADE IDEAS FOR THE WEEKthis is trade ideas for this week where we can expect how price can move move
#USDJPYDear Friends see the USDJPY Technical Analysis based on Elliot wave market going to retest the resistance level than go down, Use Proper Money Management and Risk Reward
USDJPYjpy is in nice uptrend if it gives nice pull back with entry confirmations we can enter in the trade
LONG USDJPYUSDJPY has a strong support at 140.118, which is a strong support level. I am looking for a buy USDJPY .
USDJPY bulls want to believe in BoJ’s defense of easy money poliBe it the triangle breakout or the Bank of Japan (BoJ) officials’ dovish signals ahead of the monetary policy announcements, not to forget the Fed’s hawkish pause, the USDJPY pair has all that’s needed to ride north. However, the overbought RSI conditions suggest a gradual run-up with intermediate pullbacks. That said, the aforementioned two-week-old symmetrical triangle’s top line, close to 140.20, appears immediate support for the Yen pair. Following that, the 140.00 round figure and the stated triangle’s bottom line surrounding 139.00 can challenge the pair sellers. It’s worth noting that the buyers are likely to remain unshaken beyond the 200-SMA support of 138.00, a break of which could give rise to short-term setbacks for the optimists.
Meanwhile, the 141.00 round figure precedes the latest peak of around 141.50 to guard the immediate upside of the USDJPY pair during its fresh rebound. In a case where the BoJ manages to defend the policy doves, the 61.8% Fibonacci Expansion (FE) of its May 16 to June 01 moves, near 141.70, precedes the 142.00 threshold and the 78.6% FE level around 142.55 to challenge the Yen pair bulls. Above all, an upward-sloping support resistance line from early May, at 143.00 by the press time, seems a tough nut to crack for the buyers to crack.
