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U.S. Dollar / Japanese Yen

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USDJPY trade ideas

USD/JPY is about to break through the 150.00 levelHello everyone, today let's update the USD/JPY pair with Alisa! USD/JPY is on the path to breaking through the 150 psychological level. Uncertainty surrounding the BoJ's policy and overall market optimism are supporting the USD. Although there have been comments about intervention by the Japanese government, geopolitical tensions and upcoming events may limit the JPY's downside. From a technical perspective, this pair is trading in a positive zone. However, if it fails to break through the resistance level of 149.58, USD/JPY may potentially decline towards the support level of 149.19. Conversely, if 149.19 can act as a springboard and help the pair break the resistance at 149.75, it could pave the way for the pair to target 150 and beyond. Investors should closely monitor BoJ policy news and geopolitical events to make informed investment decisions.
by Alisa_Rokosz
USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 RISK REWARD USDJPY SHOWING A GOOD DOWN MOVE WITH 1:8 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
Short
by tradergyan01
USD/JPY: Bullish Momentum Remains StrongHello everyone! Today, let’s analyze the USD/JPY currency pair together! Market sentiment has shifted negatively toward the Japanese Yen, causing the currency to weaken against the US Dollar. Japan’s weak export data has raised concerns about the country’s economic outlook, while internal government disagreements over monetary policy have only added to the uncertainty. In contrast, the US Dollar remains favored due to expectations that the Fed will maintain its tight monetary policy, attracting investment flows and pushing USD/JPY higher. Looking at the technical chart, the 34 and 89 EMAs are steadily trending upwards, with no signs of a reversal. The support level at 149.368 is serving as a springboard for further upward momentum in this pair. When the price encounters resistance at 149.766, it may test this level, and if an opportunity arises, it could break through and aim for a higher target. In my opinion, USD/JPY is likely to continue its upward trend in the short term. However, investors should be cautious about the risk of a correction as the RSI is currently in the overbought zone. What do you all think about this pair?
by Alisa_Rokosz
USDJPY: Bulls run out of steam, focus on US Retail Sales, 150.00USDJPY is stuck in a tight weekly trading range near the 200-day Exponential Moving Average (EMA), hovering between 149.30 and 150.00, as traders are on the lookout for the US Retail Sales report coming Thursday. Buyers need a strong boost to keep the reins In addition to the nervousness ahead of the data release and the 200-day EMA, the fading bullish momentum in the MACD and a steady RSI near overbought levels show that USDJPY is struggling to attract buyers. However, trading above key EMAs makes it tough for sellers to gain control. While bulls are likely to stay in charge, a pullback seems expected unless the upcoming data gives the US Dollar a lift. Key technical levels to watch If the US Dollar falls after the data, watch for the 149.30 level comprising the lower band of the immediate trading range and the 200-day EMA as key support. Following that, a quick drop to the 147.30-20 zone, including the 50-day EMA, is possible. However, the quote’s sustained weakness past 147.20 will make it vulnerable to slump toward the 23.6% Fibonacci Retracement of its July-September downside, close to 144.85. On the upside, buyers need to break above 150.00 to maintain control. If they do, a rise towards the 50% and 61.8% Fibonacci levels at approximately 150.80 and 153.50 is likely. Buyers are still optimistic, but it all hinges on the US data Despite challenges for USDJPY buyers, solid support levels and potentially positive US data hint at further gains. This is especially true with the Bank of Japan's easing hawkish stance and expectations for fewer rate cuts from the US Federal Reserve.
by MTradingGlobal
2
USD/JPYSUPPORT RESISISTANCE Support and resistance zones are key concepts in technical analysis1 . They represent price levels on a chart where the probabilities favor a pause or reversal of a prevailing trend1 . Support Zone: This is where a downtrend is expected to pause due to a concentration of demand1 . Buyers step in, preventing the price from falling further1 . Resistance Zone: This is where an uptrend is expected to pause due to a concentration of supply1 . Sellers step in, preventing the price from rising further1 . These zones can be identified using trendlines, moving averages, and previous price levels where the asset has reversed direction1 2 . When the price reaches these levels, it often bounces back, but if it breaks through, it can lead to a significant move in the direction of the breakout3 .
by Faizgazi
USD/JPY Daily & H4 Analysis: Sell Setup Near Strong Supply ZoneOn the Daily timeframe, USD/JPY is currently trading near a strong Supply zone around 149.50 - 150.00, which has previously acted as a significant resistance level. This area is historically known for providing strong selling pressure, making it a potential zone to watch for bearish opportunities. Technical Insights: Daily Supply Zone: Price is testing a critical supply area, indicating that the upward momentum may be stalling as it approaches this resistance. The previous interactions with this zone have resulted in price rejections. Bearish Divergence on H4: On the H4 timeframe, the Awesome Oscillator (AO) is showing bearish divergence. While price has been making higher highs, the AO is printing lower highs, signaling weakening buying momentum and increasing chances of a reversal. Trade Plan: Entry: Look for a bearish reversal pattern (e.g., bearish engulfing, pin bar) on lower timeframes (H4 or H1) to confirm entry. Ideally, wait for a strong rejection from the supply zone. Stop Loss: Above the 150.00 level, just beyond the supply zone, to minimize risk from potential false breakouts. Target: Initial target around 148.00, with potential to extend toward 147.00 if momentum continues in favor of sellers. This setup aligns with both technical signals and price action, offering a good opportunity to short the pair if the conditions are met. FX:USDJPY OANDA:USDJPY FOREXCOM:USDJPY
Short
by Trading_Zone_3773
USD/JPY: Will it break out of the current range?A new day has begun. Have you all updated the news on the USD/JPY pair yet? Let’s catch up together! The recovery of the Japanese Yen (JPY) remains quite fragile due to concerns about the Bank of Japan’s (BoJ) monetary policy and the global risk environment. On the other hand, the USD continues to be supported by expectations that the Fed will maintain high interest rates in the near future. This makes the USD more attractive compared to the JPY, limiting the upward momentum of the USD/JPY pair. Looking at the technical chart, the USD/JPY pair is fluctuating around 149.63 in a downtrend. Although there is support at the 141.86 level, the pair has not been able to sustain its upward momentum. However, investors must be more cautious with their decisions, especially as the market is being influenced by multiple uncertainties. What are your thoughts on this pair? Leave a comment and let me know!
by Alisa_Rokosz
Yen to go bulls till 162... Greetings fellow traders! I have always been majorly bullish on the Yen. I expect to see it tap 200.000 some time in the future. But that's just a weak expectation and not a proper forecast. Let's get into what 'my' forecast is. Yen swept the sellside liquidity below 140.000 , which was Dec'23 swing low, in Sep'24. The structure shifted on the weekly timeframe (marked as wmss) with a strong bullish marubozu type bar, showing the excitement and strength of the market. The seasonality of Yen tells us that the pair tends to peak around November-December . Now, if we club this with the current scenario and data, we can expect market to hit 162.000 before New Year 2025 . Is that a necessity? Of course, no. But that is what we expect after reading the market. What does @I_Am_ICT always say? The market does not have to get to where we want it to go, to be profitable. The major concept that I've applied in the whole analysis is Purge and Revert on the monthly timeframe & clubbed it with various other scenarios and timeframes to conclude to this analysis. There are certain levels and imbalances which can be of value and have been marked on the charts attached. One may refer to them for more info. Trading conversations are welcome. PS- It can be expected, looking at the daily and LTFs, that some retracement into discount prices is possible before a rally. Have an insightful trading week ahead! Disclaimer- All content is for educational purposes only and not trading advice.
Long
by SatyajeetSahai
1
USD/JPY: Will It Continue to Rise Next Week?Hello everyone, Alisa here! Today, let’s update the information on the USD/JPY currency pair! The yield on the 10-year U.S. Treasury bond continues to climb, reaching 4.104%, which has driven the growth of the USD/JPY exchange rate. The USD/JPY pair quickly rose to 149.13, increasing by 0.37% in the last trading session. The widening interest rate differential between the U.S. and Japan is attracting investment flows into the U.S. dollar, boosting the uptrend of this currency pair. Looking at the 1-hour chart, the resistance level of 149.268 is playing a crucial role. If the USD/JPY pair, supported at the 148.450 level, can gain momentum and break through this resistance, it is expected to surge towards the 150.00 mark. Once it surpasses the 150.00 level, we can anticipate further buying pressure, pushing the price higher. What do you think about this currency pair?
by Alisa_Rokosz
USD/JPY: Risk of Decline WarningToday, let's join Alisa in observing the USD/JPY pair to see how it's performing! Will it go up or down? The USD/JPY pair is fluctuating around the 149 mark, impacted by various factors. A stronger-than-expected U.S. jobs report has lowered expectations for the Fed to ease monetary policy, providing support for the USD. Meanwhile, within the Japanese government, there are conflicting signals regarding monetary policy. The upcoming election on October 27 further complicates the situation as leaders must balance market stability with meeting voter expectations. The resistance level at 149.350 is the focal point. If USD/JPY fails to break through this level, combined with uncertainties surrounding Japan’s monetary policy and pressure from the U.S. jobs report, there is a high likelihood that the pair will turn downward. Investors should be cautious of short-term downside risks. What do you think of my analysis? Feel free to comment and let me know!
by Alisa_Rokosz
What do you think about the outlook for the USD/JPY pair?Hello everyone, this is Alisa. Today, let's analyze the movements of the USD/JPY pair together! Will it go up or down? Currently, the Japanese Yen is stable due to concerns about government intervention and geopolitical risks. However, the reduced likelihood of the Bank of Japan raising interest rates might hold the pair back and push it lower. Additionally, a modest decline in the US Dollar (USD) is also putting some downward pressure on the USD/JPY pair. Looking at the technical chart, the USD/JPY pair is facing strong pressure at the resistance level of 148.985. Trading volume and technical indicators suggest that the chance of breaking this resistance in the short term is relatively limited. If it fails to break this level, the pair might reverse and fall towards the support level of 146.145. That's my view. What do you think? Do you agree with me?
by Alisa_Rokosz
USDJPY: Sellers pay attention to 146.40, Fed Minutes and US CPIEarly Tuesday, USDJPY remains weak after retreating from a seven-week high. The pair defends the previous day’s pullback from the 100-bar Exponential Moving Average (EMA) as traders await key events this week, including the US Federal Reserve’s meeting minutes and September’s Consumer Price Index (CPI). Bulls remain in the driver’s seat Despite the pre-data consolidation and retreat from the 100-EMA, USDJPY's stronghold above the 50-EMA, bullish MACD signals, and a positive RSI (14) suggest an overall upside bias. Important technical levels to watch USDJPY faces immediate downside support in the 147.35-20 range, but the key level to watch is the 50-EMA near 146.40. A break below this could lead to a quick drop to 145.00 and the late September low around 141.65. The 140.45-20 area and the psychological level at 140.00 may pose strong resistance for sellers. On the upside, a break above the 100-EMA around 148.75 won’t be enough for buyers to regain control, as resistance from the 200-EMA and mid-August high near 149.40 will be crucial. If USDJPY stays above 149.40, the 150.00 mark and early 2024 high near 150.90 will be key targets for bulls. Data/events are the key USDJPY's technical outlook is bullish, supported by a hawkish Fed stance following recent comments from FOMC Chair Jerome Powell and the US employment report. However, growing concerns about the Bank of Japan, potential softness in US inflation data, and Powell's challenges in maintaining a hawkish tone could attract sellers to the Yen pair.
by MTradingGlobal
USD/JPY: Will It Continue to Rise?Hello everyone. How's everyone doing today? Let’s analyze the USD/JPY currency pair together with Alisa! The USD/JPY currency pair has broken through the 50-day SMA and maintained its upward momentum for two consecutive sessions, reaching a new 3-month high. The strength of the USD, supported by the Fed’s interest rate outlook and positive employment reports, is the main driver pushing this pair higher. Looking at the technical chart, USD/JPY is in an uptrend, hovering around the 146.79 level. The 143.470 support level plays a crucial role in driving this pair upward, with expectations to soon reach the 147.000 mark. This is seen as a catalyst for buyers. This is Alisa's perspective. What about you, what do you think?
by Alisa_Rokosz
Continued Bullishness in Ascending Channel PatternThe USD/JPY chart is currently tracking a clear bullish channel, with repeated bounces after each minor correction. Having just touched the lower boundary of the channel, the pair has shown signs of recovery, breaking above the nearest resistance level. This makes me confident in the possibility of a continuation of the bullish momentum, especially since the EMAs (34 and 89) are also starting to show an upward crossover, supporting the uptrend.
by Alexander_FXTrading
USD/JPY: Strong Recovery, Breaks Through the 144.0 LevelHello everyone! Today, let's analyze the movements of the USD/JPY currency pair! The USD/JPY pair is showing signs of a strong recovery. After dropping to a near two-week low at 141.65, the pair has been consistently rising over the past two days and has broken through the 144.0 level. This price increase is driven by several supporting factors, indicating that the US dollar is currently prevailing over the Japanese yen. On the technical chart, there is a confluence of the 34 and 89 EMAs, with support at the 143.328 level, and the price is in an upward trend. Additionally, since a peak has not yet been established, it further strengthens the bullish momentum, favoring buyers. With the current upward momentum, the price is likely to continue breaking through to the next resistance levels. Investors might consider opening buy positions to seize this opportunity. Alisa has set her target as analyzed. What about you?
by Alisa_Rokosz
2
USDJPY: Recovery remains elusive below 146.30On Tuesday morning, USDJPY gained momentum, continuing its recovery from a support level that had been holding for two months. It’s getting closer to the 200-Exponential Moving Average (EMA) while still within a bearish trend that started in early August. This rise reflects the US Dollar's bounce after Fed Chair Jerome Powell eased expectations for two more 0.50% rate cuts from the Federal Reserve in 2024. However, traders look forward to upcoming US employment data and Japanese reports to see how the market will move. Bulls flex muscles for a long road ahead… In addition to bouncing off the two-month support zone, an upward trend in the RSI (14) and a potential bullish crossover on the MACD are boosting the USDJPY's rise toward the key EMA. However, the ongoing bearish trend channel and differing monetary policies between the Bank of Japan (BoJ) and the US Federal Reserve (Fed) could create challenges for the bulls. Key technical levels to watch… In the short term, the 200-EMA around 144.75 and the upper line of the bearish channel near 146.30 are significant hurdles for USDJPY buyers. If they push past these levels, the pair could rise toward the mid-August high around 149.40 and possibly hit the 150.00 mark. It's important to note that the 152.00 level seems to be the last stronghold for Yen sellers. On the flip side, the horizontal support area between 141.75 and 141.65 offers some stability for USDJPY in the short term, protecting it from a drop toward the monthly low and the bottom of the bearish channel near 139.55 and 138.75. If the pair breaks below 138.75, the mid-2023 low of around 137.20 may serve as the final defense for buyers. The road toward the north appears long and bumpy While technical indicators hint at a potential recovery for USDJPY, the underlying fundamentals pose challenges for a sustained bullish move. Buyers should be cautious before making large investments.
by MTradingGlobal