USDJPY_SPT trade ideas
USDJPY renews 24-year high with eyes on 141.60USDJPY prints a three-week run-up as it pierces the previous multi-day top to print the highest levels since 1998. Considering the RSI (14) uptrend, not overbought, as well as the bullish MACD signals, the quote is likely to approach the 140.00 threshold. It should be noted that the RSI could turn overbought at that level, given the minor space available, which in turn might trigger a short-term pullback before further advances. In a case where the prices keep rallying past 140.00, the 61.8% Fibonacci Expansion (FE) of the pair’s late March to early August moves, near 141.60, could gain the market’s attention.
On the contrary, a three-week-long ascending support line near 137.75 restricts the pullback of the USDJPY pair, a break of which could highlight the 50-DMA support level surrounding 135.90. If at all the pair drops below the 135.90 DMA support, an upward sloping support line from late May, near 132.10, will be the last defense of the bears before directing them to the 130.00 psychological magnet.
Overall, USDJPY buyers have some spare capacity to renew the yearly peak. However, the upside room is limited considering the RSI conditions.
USDJPY DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 133.96 with targets at 139.37 & 141.44
Alternative scenario
If price goes down 133.96 look for 131.06 & 128.64 as targets.
Supports and resistances
131.06 & 128.64
139.37 & 141.44
#USDJPY it's possible to sell#USDJPY for Price trading the 4hr resistance area and waiting for bearish candlestick formation in resistance area and the next candle close below the previous candle its will move to the next level support
Why we like it
Price trading the 4hr resistance
moving to the next level support
waiting for bearish candlestick formation
1st support:
135.314
Next Zone area & horizontal swing Low support
1st Resistance
139.654
Zone area & horizontal swing high resistance
USDJPY DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 133.96 with targets at 139.37 & 141.44
Alternative scenario
If price goes down 133.96 look for 131.06 & 128.64 as targets.
Supports and resistances
131.06 & 128.64
139.37 & 141.44
USDJPY TRADING SETUPUSDJPY is trading at supply zone at all important time frames which is High Resistance Level.
At 4hr and 1D Double top pattern has been formed which is extremely bearish in nature.
A range has been formed in 1HR time frame.
Looking for breakdown of that range that I have marked in Rectangle. As range breaks, with confirmation of volume and candle, I will enter the trade with stop loss at Resistance i.e high of Rectangle.
With breaks upside then wait for price action to form. No buy trade in USDJPY.
ENTRY=138.33
TARGET=136.34
SL=138.90
COMMENT BELOW YOUR IDEA
GIVE A LIKE IF YOU AGREE WITH MY SETUP
USDJPY SMChello traders , here is the full multi time frame analysis for this pair, entry based on supply and demand , comment section below if you have any questions, This is not a financial advice
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...
Keep trading ❤️
Hustle hard ✅
JPYUSD NeutralTime Frame: 4H
Symbol: JPYUSD
Bias: Neutral
We do not see any explicit trend for this instrument ,so we stay neutral.
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
USDJPY FLAG PATTERN ON 4 HOUR CHART usdjpy is forming a flag pattern on the 4-hour chart and at the same time USD index has also showing rsi divergence on the daily chart so if usdjpy break the flag downside then we can take a trade on downside
USDJPY DAILY TECHNICAL ANALYSIS Trading Ideas-
Long positions above 130.97 with targets at 139.45 & 141.44
Alternative scenario
If price goes down 130.97 look for 128.65 & 126.34 as targets.
Supports and resistances
128.65 & 126.34
139.45 & 141.44
Trading Signal For USDJPY Trading Setup:
There is a Trading Signal to Sell in USDJPY Currency Pair.
Traders can open their Sell Trades NOW
Rank : ⭐️⭐️
⬇️ Sell now or Sell on 137.52
⭕️SL @ 138.32
🔵TP1 @ 136.01
🔵TP2 @ 134.46
🔵TP3 @ 131.01
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
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USDJPY ANALYSIS Market now in previous level of supply zone in resistance and this level to moving down, it's time to sell opportunity
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
Sell side USD/JPYBreak of trendline in downside by taking resistance at supply zone. So go for it in sell side.
#USDJPY it's possible to buy#USDJPY waiting for retracement and Price trading in nearby 4hr support area and waiting for bullish candlesticks formed it will take entry for above the bullish candlestick and it will go for the next level of resistance
Why we like it:
Price is trading in nearby 4hr support area
Waiting for bullish candlesticks formed
possible to move the next resistance area
waiting for retracement
1st support:
129.314
Next Zone area & horizontal swing Low support
1st Resistance
137.654
Zone area & horizontal swing high resistance
USD/JPY 4H BO With Volume DTF Forming W Bottom Patter
4H VCP BO With Volume
Entry & SL marked in chart
