U.S. Dollar / Japanese Yen forum
USDJPY 📊 USDJPY 23rd December 2024 Daily Analysis Based on Main Key Levels
📍 Daily Current Market Price (DCMP)
The current market price for USDJPY is 156.664. This figure serves as a crucial reference for assessing potential trading opportunities.
📉 Key Levels
🛑 Resistance (Above DCMP)
Resistance 1: 157.657
Resistance 2: 158.783
Resistance 3: 160.605
✅ Support (Below DCMP)
Support 1: 155.836
Support 2: 154.014
Support 3: 152.888
Summary of Analysis
The USDJPY index is currently positioned at 156.664. Key resistance levels are 157.657, 158.783, and 160.605, while support levels are 155.836, 154.014, and 152.888. The swing high stands at 156.751, and the swing low is at 149.362.
Suggested Trades
💼 Intraday Buy Trade
Entry Price: ✨ 155.836
Stop Loss: ❌ 155.546
Take Profit 1: 🎯 156.013
Take Profit 2: 🎯 156.767
📌 Reason for Entry
The price is approaching a key support level at 155.836, indicating a favorable buying opportunity.
💼 Intraday Sell Trade
Entry Price: ✨ 157.657
Stop Loss: ❌ 157.988
Take Profit 1: 🎯 158.742
Take Profit 2: 🎯 160.605
📌 Reason for Entry
Resistance at 157.657 suggests a potential selling opportunity, with targets set below this level.
💡 Conclusion
This USDJPY analysis provides valuable insights into key levels and trade opportunities. By monitoring these levels, traders can make informed decisions in the dynamic market environment. Happy trading!
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USDJPY USDJPY Short Trade Setup
USDJPY Selling OB Usdjpy
USDJPY 📊 USDJPY Intraday Trade Setups
💼 Buy Trade Setup
🔹 Entry Price: ✨ 152.780
🔹 Stop Loss: ❌ 152.600
🔹 Take Profit 1: 🎯 152.950
🔹 Take Profit 2: 🎯 153.120
📌 Reason for Entry: Strong Fibonacci support at 152.780 indicates potential bullish momentum. Price action and technical indicators suggest an upward move targeting 152.950 and 153.120.
💼 Sell Trade Setup
🔹 Entry Price: ✨ 153.382
🔹 Stop Loss: ❌ 153.550
🔹 Take Profit 1: 🎯 153.200
🔹 Take Profit 2: 🎯 153.000
📌 Reason for Entry: Resistance at 153.382 aligns with key Fibonacci retracement levels, indicating potential bearish pressure. Expected targets are 153.200 and 153.000.
💡 Summary
USDJPY is trading near a strong support level at 152.780 and a resistance level at 153.382. The buy setup anticipates a bounce from support, while the sell setup expects a reversal from resistance.
USDJPY 📊 USDJPY Weekly Analysis Based on Main Key Levels
📍 Current Market Price (DCMP): 153.649
📉 Key Levels
🛑 Resistance (Above DCMP):
Resistance 1: 153.382
Resistance 2: 153.010
Resistance 3: 152.780
✅ Support (Below DCMP):
Support 1: 152.561
Support 2: 152.409
Support 3: 152.037
📉 Swing Levels
Swing High: 156.751
Swing Low: 151.284
💼 Intraday Buy Trade Setup
🔹 Entry Price: ✨ 152.561
🔹 Stop Loss: ❌ 152.037
🔹 Take Profit 1: 🎯 153.010
🔹 Take Profit 2: 🎯 153.382
📌 Reason for Entry: Strong support at 152.561 aligns with bullish sentiment, targeting key resistance levels at 153.010 and 153.382.
💼 Intraday Sell Trade Setup
🔹 Entry Price: ✨ Not Available
📌 Reason: Intraday sell setup criteria are not met above the DCMP.
💡 Summary
USDJPY is trading at 153.649, with key resistance levels at 153.382, 153.010, 152.780 and support levels at 152.561, 152.409, 152.037. Swing high is noted at 156.751, and swing low is at 151.284. A buy trade near 152.561 is favorable, targeting 153.010 and 153.382. No valid sell setup is identified above the current price.
USDJPY Your thoughts are important to me—if you have any questions or alternative viewpoints, please feel free to share them.USD/JPY Sell Limit: 152.009
Stop Loss: 152.420
Target 1: 151.750
Target 2: 151.570
Target 3: 151.450
Profitable trading stems from informed decision-making and effective strategies. While luck might offer occasional short-term success, consistent results require thorough analysis. Without proper understanding, the risk of loss increases. If you need any guidance or have questions, I’m here to support you!
USDJPY 💠USDJPY Intraday Trade Setup
🔹Buy Setup
Entry➤ 153.031
Stop Loss➤ 152.700
Take Profit 1➤ 153.400
Take Profit 2➤ 153.800
Reason for Entry:
The buy setup aligns with a strong daily support level at 153.031, coinciding with a Fibonacci retracement zone. Price action suggests potential for a rebound, supported by bullish momentum indicators.
🔹Sell Setup
Entry➤ 154.644
Stop Loss➤ 154.900
Take Profit 1➤ 154.300
Take Profit 2➤ 153.900
Reason for Entry:
The sell setup is based on a key resistance level at 154.644. This area has historically acted as a pivot point, and bearish divergence in the indicators supports the possibility of a downward retracement from this zone.
USDJPY Pair towards $159 soon
USDJPY " Trade Signal - Buy Opportunity 🚨"
Market: USD/JPY
Trade Type: Buy
Current Price: 155.00
Stop Loss (SL): 154.830
Take Profit (TP): 155.240