USDJPY (H1)A bearish candlestick pattern may appearUSDJPY (H1)A bearish candlestick pattern may appear at the current price area
Sell stop at 145.706 (When the candlestick pattern forms)
Stop loss at 146.006
Take Profit 1 at 145.397 (Fibonacci 0.5)
Take Profit 2 at 144.894 (front of Fibonacci 0.236)
Note on capital management 2%
Usdjpyanalysis
USDJPY SELL RESISTANCE ZONE HERE !!!Hello Traders
hop so you are all gr8 and living a happy healthy life its Monday and we can see with opening markets $ is showing some strength which is temporary friend we had posted a bigger TF on Daily which is attached in with chart Friends we can see a retrace is creating a Double Top and showing a trend line moving to north but its going rejection here soon lets see what market brings share ur thoughts on this pair USDJPY
it help alote of traders community .............
UsdJpy- Resumption of the up trend (Long term view)After experiencing a prolonged uptrend in 2023, during which it gained 3000 pips, the mid-November period marked the beginning of a correction for $FX:USDJPY. Over the next six weeks, the pair dropped by 1000 pips, reaching a significant psychological level of 140.
The decline observed from December, however, formed a steep falling wedge, suggesting the potential for a reversal. This reversal indeed occurred as the new year commenced, with the pair breaking above the resistance of the pattern on January 2nd. Subsequent to this breakthrough, the market witnessed consecutive green days, and USDJPY successfully surpassed the crucial technical zone of 143.50-144.
In the past week, the pair consolidated its recent gains and stabilized around the 145 region. The overall long-term trend remains bullish, and the recent low at 140 could signify the conclusion of the correction. In such a scenario, there is the potential for the pair to resume its upward movement, surpassing the recent high of 151.50, and achieving new highs in the coming months.
My bullish sentiment persists as long as the pair remains above 143.
USDJPY M15 / LONG TRADE OPPORTUNITY ✅ Hello Traders!
This is my idea related to USDJPY M15. I know that it's the end of the day, but I see a good opportunity to execute a long trade. I see the change of the structure, more exactly a bullish move.
A very good retracement from the resistance level and it looks very likely to go bullish.
Traders, if you liked my idea or if you have a different vision related to this trade, write in the comments. I will be glad to see your perspective.
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USDJPY can go UP from 🟢Support zone🟢➡️RR=2.45🏃♂️ USDJPY is moving near the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢.
🌊According to Elliott's wave theory , USDJPY has successfully completed wave A in the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴.
🌊The structure of corrective waves is Zigzag(ABC/5-3-5) .
🔔I expect wave B to end at the 🟢 Support zone(143.40 JPY-142.82 JPY) 🟢, and USDJPY will trend higher again and at least GO UP to the 🔴 Resistance zone(146.26 JPY-144.94 JPY) 🔴again.
👑 Position :
USDJPY
Position : Long
Entry Point : 143.429 JPY (Limit Order)
Stop Loss : 142.440 JPY
Take Profits : 4145.852 JPY// 144.414 JPY(RR=1.00)
Risk-To-Reward : 2.45
Please don't forget to follow capital management ⚠️
Please pay attention to the style of opening the position.⚠️
U.S.Dollar/Japanese Yen Analyze ( USDJPY ), 4-hour time frame⏰.
Do not forget to put Stop loss for your positions (For every position you want to open).
Please follow your strategy; this is just my idea, and I will gladly see your ideas in this post.
Please do not forget the ✅' like '✅ button 🙏😊 & Share it with your friends; thanks, and Trade safe.
USDJPY: The Japanese Yen decreased because the market predicted
The Japanese yen is the worst among Asian currencies through 2024, extending its decline from the previous year as traders grow more confident that the Bank of Japan will delay policy changes were extremely moderate.
Reconstruction and stimulus measures following the devastating earthquake in central Japan are expected to offset any notion of BOJ policy tightening, at least in the near term.
Such a scenario points to increased pressure on the yen, especially from the wide gap between domestic and international lending rates. Japan's interest rates have remained extremely low for nearly eight years.
Weak data on inflation and weak wage growth also suggested less pressure on the BOJ to change its ultra-dovish course.
Broader Asian currencies were trending lower, as doubts about an early Fed rate cut kept traders largely biased against the dollar.
USDJPY SELLING FROM RESISTANCE ZONE !!!!HELLO TRADERS
As i can see this pair is still in bearish trend and still have to complete these design levels till it test daily horizontal Support CPI ahead so stay stick with you plans fundamentally bad conditions running on $ around the world so out TP,s are not a big deal after a yearly high this pair had done tested traders its just an trade idea share ur thoughts with in comment session
Potential double top on USD/JPYThe weekly chart shows a bullish engulfing candle formed last week, which marks 140.25 as an important swing low. Whilst we remain unconvinced the pair will simply break above 152, it does show the potential to extend its countertrend bounce.
However, with the pair stalling beneath last week’s high ahead of a key US inflation report, the potential for a pullback seems feasible. The 4-hour chart shows that a bearish divergence is forming with RSI (14) and the US2yr-JP2yr spread. Given last week’s high was just shy of 146 and the monthly S1 pivot, we’re on guard for a double top to send prices lower. Therefore, bears could fade into moves towards 146 with a stop above the monthly S1 pivot at 146.15.
For a large bearish reaction over the next 24 hours, we’d likely need to see a softer set of numbers from the US inflation report relative to expectations.
Bold 370 Pips Buy idea in USD/JPY,are you with me ?Hello fellow traders and the entire Tradingview community. I have come up with a bold new idea on USDJPY which can give us more than 320 Pips profit if it goes according to plan.
As you can see from the hourly chart, USD/JPY is currently back to the same level as it was
last Thursday. So, based on a simple demand and supply strategy, we can expect UJ to go up from this level provided this zone is not broken.
As an aggressive trader, I have already bought UJ@141.35 with a target of 145. I do not use a stop loss , but you can probably use an SL below the demand zone. Make sure you do not get stop-hunted.
EURUSD I Technical Outlook Welcome back! Let me know your thoughts in the comments!
** EURUSD Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
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Long Position on USDJPY-4HHello Traders !
This is the USDJPY Technical Viewpoint in The Long Term .
After these significant changes since the beginning of the year, the JPY has lost 25% versus the USD YTD.
We anticipate that this bullish trend will resume for a few more months after the market breaks above the 144.80 Resistance level, as shown in the chart.
Risk Warning: Trading Derivatives carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Derivatives may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
USDJPY, SHORTUSDJPY price is currently resisted by the DAILY EMA 200 after a fibo retracement on the previous daily candle was done to a 50% discount.
Price is expected to continue decline to retest the 4hr EMA 50 at 143.200 in the medium short term and possibly down to retest the monthly support at 142.00 on the expected decline of the USD index as i predicted.
USDJPY Shorts from 145.500 back down towards 142.000This week's strategy involves following the ongoing bearish trend in USDJPY. I plan to initiate sell positions around the newly formed 4-hour supply zone. To execute this, I'll wait for a redistribution pattern to unfold and a clear CHOCH signal before considering a sell. It's important to note that there's a possibility of price pushing higher to test the 14-hour or daily supply above.
Considering that price has already reacted to a supply zone, it wouldn't be surprising if it continues lower towards the 15-hour demand zone. In such a scenario, I'll be on the lookout for a buying opportunity, but I'll wait for the Asian low to be breached within that zone, potentially in the form of a spring, before considering a buy.
Confluences for USDJPY Sells are as follows:
- 4hr or 14hr supply zone that has caused a break of structure to the downside.
- Price is completed a retracement so we can expect a wyckoff distribution to play out.
- Lots of major trend lines still left below on the high time frame that needs to get swept.
- Price has been in a very bearish trend ever since it failed to take the all time highs.
- The dollar is also looking bearish so I can expect more downside for this pair too.
P.S. As I currently hold a strong bearish stance on USDJPY, I won't be surprised if the demand zone fails due to significant liquidity below it. However, at the moment, my primary focus is on potential sell opportunities, considering that price has recently completed a retracement. My strategy aligns with the prevailing bearish trend.
USDJPY I Retest and Rejection to DownsideWelcome back! Let me know your thoughts in the comments!
** USDJPY Analysis - Listen to video!
We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.
Please support this idea with a LIKE and COMMENT if you find it useful and Click "Follow" on our profile if you'd like these trade ideas delivered straight to your email in the future.
Thanks for your continued support!