Get started

USD/JPY_SPT - USD/JPY

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Economic Calendar

USDJPY_SPT trade ideas

USDJPY sellers attack 147.00 to justify corrective pullbackUSDJPY struggles to defend the three-week losing streak as the bottom line of a bullish trend channel, stretched from late March, joins the 100-day Exponential Moving Average (EMA) to restrict the quote’s immediate downside near the 147.00 threshold. Even if the quote breaks the 147.00 support, a convergence of the five-month-old previous resistance and the 200-day EMA, around 143.80 by the press time, will be a tough nut to crack for the bears. Following that, the Yen pair’s fall toward the August monthly low near 141.50 and then to the 140.00 round figure, can’t be ruled out. On the contrary, the receding bearish power of the MACD and the nearly oversold RSI (14) line join the 147.00 support to challenge the USDJPY bears. That said, the pair’s recovery, however, needs validation from the 50-EMA level of around 148.60. Should the quote manage to remain firmer, the 150.00 psychological magnet will precede the previous monthly high of 151.90 to act as the final test for the pair buyers. It’s worth noting that the Yen pair’s successful trading above 151.90 enables the bulls to aim for the top-line of the previously-stated channel’s top line, surrounding 154.00. Overall, the USDJPY pair portrays bearish consolidation and may witness a bounce in prices unless the quote stays beyond the 147.00 key support.
by MTradingGlobal
USD/JPY UPDATEUSD/JPY, we had a UJ rejecting a major resistance area around 151.95 where had strong sellers previously. overall on out 1D-TF & Weekly-TF we are currently bullish, price is still holding above our EMA which shows us that buyers are still in control longterm, however on our lower TF, like 1H,4H, etc we can see sellers are in control. We have strong daily support around , 143.14 support area, also we have our EMA just below which we might see buying opportunities, pay attention to that area as we may see buyers take control to take price higher longterm
by affinitymarkets12
USD JPY Short Side Trade For Shore Term On the 4-hour timeframe, USD/JPY has shown a significant breakdown. The current internal structure favors a short-side trade. Looking at the 15-minute timeframe, the currency pair is following a trend line and aligning with the Fibonacci Golden Zone. There's a strong likelihood of rejection between the range of 148.020 to 148.150. However, there's also a possibility of a breakout leading to a trend reversal, signaling a move towards the long side. The decision for a short-side trade hinges on how the market reacts at the rejection level. If we observe a rejection, it may present an opportunity for a short-side trade."
by sahiltandale824
1
USDJPY extends pullback from 50-SMA despite firmer yieldsAfter multiple failures to cross the 50-SMA hurdle the last week, USDJPY sellers attack the 149.00 round figure amid a sluggish start to the key week comprising US GDP and Fed’s preferred inflation gauge, not to forget Fed Chair Jerome Powell’s speech. The pullback move also justifies the bearish MACD signals amid an absence of the oversold RSI (14). With this, the Yen pair is likely to revisit the monthly low of 147.15, marked the last Monday. However, the 100-SMA and an upward-sloping support line from late March, respectively near 146.80 and 146.30, could challenge the risk-barometer pair sellers afterward. In a case where the quote breaks the 146.30 level on a daily closing basis, it becomes vulnerable to drop toward the five-month-old resistance-turned-support of around mid-143.00s. On the flip side, a daily closing beyond the 50-SMA hurdle of 149.65 becomes necessary for the USDJPY buyers to retake control. Even so, the 150.00 psychological magnet will play its role in testing the upside momentum. Following that, the monthly horizontal resistance surrounding 151.80 and an upward-sloping resistance line from late June, close to 153.00 at the latest, will act as the final defense of the bears. Overall, the USDJPY is likely to remain weak but the downside room appears limited.
by MTradingGlobal
USD/JPY trend 21/11After a long-awaited period, the consolidation of the USD/JPY has finally started following multiple rejections at 152. Since USD/JPY left the S-T uptrend channel(1) the day before yesterday, the selling officially began at the European session yesterday when it dropped below the 149 support level. The targets to the downside are at 100 MA(3) and the bottom of the upward channel (2), both standing near 146.5. There is expected to be strong support around 146.5, and it is critical to keep an eye on the release of the Fed. Minutes later today. If the minutes contain any hints of an early completion of interest rate hikes, there is a chance for further downside movements in the pair. The key is to break below channel(2). If that happens, the uptrend originating from 127 will come to an end, and the USD/JPY may drop further toward 139.5 or even lower. S-T Resistances: 149.5 149 148.2 Market price: 147.46 S-T Supports: 147.2 146.8 146.5 Kindly give me a thumbs up 👍. Feel free to leave a comment; share your thoughts 🤟. P. To
by 1uptick