USD/JPY C&P CUP AND HANDLE
The cup and handle pattern is a bullish continuation pattern that signifies a period of consolidation followed by a breakout to the upside. Here's a detailed breakdown:
Cup: This part of the pattern looks like a rounded bottom, similar to the shape of a "U." It represents a period where the price declines and then gradually rises back to the level from which it initially fell.
Handle: After the cup formation, the price typically moves sideways or slightly downward, forming a small consolidation phase that looks like a flag or a pennant. This is the handle of the pattern.
Breakout: The pattern is confirmed when the price breaks out above the resistance level formed by the rim of the cup. This breakout suggests the continuation of the upward trend.
USDJPYTMSP trade ideas
USDJPY - Is the rally going to stall here?The JPY futures have hit a crucial level of demand on the futures chart. The USDJPY which is inversely correlated to the JPY futures has hit a higher time frame supply zone. I am expecting the USDJPY to stall here and potentially start correcting towards the most recent lows again
USD/JPY 15-Minute Chart AnalysisKey Observations:
Price Action: The price is testing a strong resistance zone around 153.070. This level has been retested multiple times, showing significant seller activity.
Support Zones:
152.700–152.800: A strong demand zone where buyers have stepped in previously.
152.200–152.300: A lower demand zone providing a strong floor in case of further declines.
Resistance Zone:
The highlighted resistance zone at 153.070–153.150 has capped price movements several times.
Potential Scenarios:
Bullish Breakout:
If the price breaks convincingly above 153.150, it may head towards higher levels around 153.740 or beyond.
Look for a retest of the resistance zone to confirm the breakout.
Rejection and Reversal:
Trading Plan:
Entry (Buy): Above 153.10 after a breakout confirmation.
Stop loss and Target are given in the chart
Disclaimer:
This analysis is for informational purposes only and does not constitute financial advice. Trading involves substantial risk, and past performance is not indicative of future results. Always conduct your own research and consult a financial advisor before making investment decisions. Trade responsibly.
**USDJPY Bullish Analysis** **USDJPY Bullish Analysis**
1. **Current Price Action:**
- The USDJPY pair is trading at **153.579** and has shown a consistent upward movement.
- A breakout above a key resistance level around **152.175** has been confirmed, turning previous resistance into support.
2. **Bullish Zone:**
- The bullish trend suggests a price movement towards the next major resistance zone around **156.667** and **156.724**.
- This area serves as the target zone for a bullish breakout continuation.
3. **Support Levels:**
- Key supports are visible at **152.175** (near-term support) and **150.724** (stronger support).
- Price corrections towards these levels could offer further buying opportunities.
4. **Trend Confirmation:**
- Price is trading above the 50-day Moving Average (blue line), further confirming bullish sentiment.
- If momentum continues, price could test the higher levels near **160.926 - 161.615**.
5. **Risk Management:**
- If price falls back below **152.175**, the bullish outlook may weaken.
- Traders should maintain a stop-loss below **152.000** to manage risks effectively.
**Conclusion:**
The USDJPY pair remains bullish as long as it holds above the support of **152.175**. The next target zones are **156.667** and beyond, with strong momentum pointing to potential upside continuation.
USDJPY MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
USDJPY: Approaching Key Support at 150.000USDJPY is trading around 150.038, testing the critical support level at 150.000 after a sharp decline. The EMA 34 (152.215) and EMA 89 (150.899) act as strong resistance, limiting recovery momentum. If this support level is breached, the price may continue to drop toward the 148.000 zone, a significant previous low.
Conversely, if the 150.000 level holds and the pair breaks above the EMA 34, USDJPY could target the 152.000 resistance level. News of the ceasefire in the Middle East has reduced safe-haven demand, putting pressure on the Japanese Yen, while the US Dollar remains strong due to high US Treasury yields. Traders should closely monitor these levels to adjust their strategies accordingly.
Selling Pressure at Resistance, Downtrend Forecasting AheadThe 4-hour chart of USD/JPY shows a clear bearish pattern after the price failed to break above a key resistance level around 152.000. The slight bounce we saw recently may have been a weak attempt to retest this level, but with the lack of strong buying momentum, the price seems to be preparing for a deeper decline.
The rebound and reaction at this resistance area is typical of a distribution market, where previous buyers may be looking to cut their losses, and new sellers are entering the market. The 34 EMA has crossed below the 89 EMA, a sign that the downtrend may continue.
I appreciate the retest of the resistance level and see this as an opportunity to consider short positions. If the price breaks below the current support around 150,280, this could initiate a new bearish phase, towards the next support level around 149,000.
JPYUSD (Important Level) 70% Sell & 30% BuYJPYUSD at very important level. In daily timeframe we see support from 200 WMA and multiple time tested support level However in 4H timeframe we can clearly see price crashed 200 WMA and support. Today price action will help us to determine where the price will go in future.
USDJPY SHOWING A GOOD UP MOVE WITH 1:10 RISK REWARDUSDJPY SHOWING A GOOD UP MOVE WITH 1:10 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
USDJPY is getting bearish from its SE-OBUSDJPY can be seen struggling near its selling order block (156.751 - 156.436) and has also broken its structure at the level of 156.255 and it has changed its character at the level of 155.845 once it closes below the level of 155.514 it can fall down rapidly ,i have entered at 156.255 with stop loss of 156.825 and i'm targeting the levels of 154.331, 153.416, and 152.125
Downtrend and Signals at EMA 89Currently, the price is approaching the EMA 89, a classic sign of a downtrend. This is confirmed by the moving averages, where the EMA 34 has crossed below the EMA 89, a bearish signal.
However, what is noteworthy is that each time the price approaches the EMA 89, it reacts strongly. This tells me that investors may be using this level as a buying opportunity in the hope that the support level will hold.
Analysis of the USD/JPY Chart: Sell USD/JPYTechnical Analysis:
Timeframe: 1H (short-term trading).
Main Trend: USD/JPY is currently in a short-term downtrend after forming a Double Top pattern at the 155.70 - 155.50 resistance zone. This indicates a reversal to the downside.
Kumo (Ichimoku Cloud): Price is trading below the Kumo cloud, signaling bearish momentum.
Trendline: The price has broken below a short-term ascending trendline, confirming bearish sentiment.
Support and Resistance Levels:
Nearest Support: 152.20 - 152.00.
Strong Resistance: 155.50 - 155.70.
Trading Strategy:
Short (Sell):
Entry Point: Around 154.50 - 154.70 (when the price retests minor resistance).
Stop Loss: Above 155.70 (previous highs).
Take Profit: 152.20 - 152.00 (strong support zone).
Risk Management: Maintain a favorable risk-to-reward ratio (R:R) of 1:2 or 1:3.
Recommendation for Investors:
The USD/JPY market currently presents a good opportunity to trade in line with the downtrend. Investors can consider a short position with short-term targets. However, ensure strict risk management, especially in a volatile market environment.
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USDCAD MULTI TIME FRAME ANALYSISHello traders , here is the full multi time frame analysis for this pair, let me know in the comment section below if you have any questions , the entry will be taken only if all rules of the strategies will be satisfied. wait for more price action to develop before taking any position. I suggest you keep this pair on your watchlist and see if the rules of your strategy are satisfied.
🧠💡 Share your unique analysis, thoughts, and ideas in the comments section below. I'm excited to hear your perspective on this pair .
💭🔍 Don't hesitate to comment if you have any questions or queries regarding this analysis.
USDJPY Awaits a Breakout at 155.878
USDJPY is currently trading in a short-term uptrend but is being held back by a descending trendline and the resistance level at 155.878. After bouncing from the strong support at 153.350, the price is now fluctuating around EMA 34 (154.850) and EMA 89 (153.995), reflecting a tug-of-war between buyers and sellers.
Rising U.S. bond yields and the Bank of Japan's dovish policies continue to support the USD, while the Japanese Yen remains under pressure.
The RSI at a neutral level of 51.52 indicates unclear market momentum. If the price breaks above 155.878, the uptrend could strengthen with a target near 157.000. Traders should closely monitor key levels to make informed decisions.
USDJPY: Uptrend Faces Challenges at 156.65 ResistanceUSDJPY is currently trading at 155.68, reflecting a significant upward momentum in recent sessions. After successfully testing the strong support area at 153.40—a confluence of the 89 EMA and an ascending trendline—the pair surged sharply toward the key resistance zone at 156.65.
However, the 156.65 – 157.00 zone is considered a "pressure area," with the potential to trigger a short-term correction. If the price fails to break above this resistance, USDJPY could pull back to test support at 154.70 or even deeper at 153.40.
On the news front, the USD remains strong, driven by expectations that the Fed will maintain high interest rates, while the Bank of Japan continues its accommodative policy. Investors should pay close attention to key U.S. economic data, such as PMI figures and speeches from Fed officials this week, as these factors will strongly influence USDJPY's price action.
Strategy: Monitor price reactions at the 156.65 resistance zone. A breakout could target 157.50, while rejection at this level increases the likelihood of a pullback toward support levels.
USD/JPY Slight Correction After UptrendUSD/JPY is trending around 155, after a slight decline from the peak near 155.5. On the H4 chart, the price is testing the EMA 34, while the EMA 89 provides strong support at 154.0.
The nearest resistance is at 155.5, if broken, the price may continue to increase to the 156 area. On the contrary, if strong selling pressure causes the price to break the EMA 34, the target will be the 154.0 - 153.8 area.
Personal opinion: Currently, USD/JPY is in a state of hesitation, due to the lack of new momentum in the market. I expect the price to accumulate around this area before a clear breakout. Traders should monitor US economic data or any developments in bond yields to determine the next trend.