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Japanese Yen / U.S. Dollar

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USDJPY: Anticipating ADP and NFP DataUSDJPY: Anticipating ADP and NFP Data USDJPY has completed a bullish wedge pattern, and the price is rising again. It seems the market initially overreacted to the BOJ's comments about a rate hike, pushing the price down too many pips too quickly. However, it’s worth noting that the market may remember the BOJ's inconsistency in their statements and their frequent failure to keep promises. This week, the focus shifts to the ADP and NFP data, which could potentially boost the US dollar. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
Long
by KlejdiCuni
6
USDJPY_2HAnalysis of the Japanese yen symbol Medium-term and important time frame Elliott wave analysis style If in any case the price is above 152,000, this analysis is invalid and the market should be checked and analyzed again. And in the mid-term market, in wave 4, there is an upward correction to the important resistance number of 151.300, and by maintaining this resistance, the wave continues to fall and fall towards the number 148.000 as wave 5 and the last wave of descent in the mid-term time frame.
Short
by Elliottwaveofficial
2
USD/JPY – 4-Hour AnalysisUSD/JPY – 4-Hour Analysis The USD/JPY pair has recently broken out of its bearish trend, which was characterized by a series of lower highs and lower lows. This marks a potential shift in market structure and opens up opportunities for both levels of resistance at 149.550 and 150.700. Key Levels to Watch: Resistance at 149.550: If the price moves up to test 149.550, watch for confirmation of a breakout. Look for a wick to the downside after the price touches this level, as this could sweep liquidity and confirm support. Resistance at 150.700: If the price breaks through 150.700, do not enter a long position immediately. Wait for the price to retrace back to test this level as a new support zone. Ensure there is a wick to the downside, as false breakouts are common and can lead to losses if traded prematurely. Final Thoughts: Patience is key in this scenario. Whether the price interacts with 149.550 or 150.700, wait for confirmation signals, such as wicks or retests, before entering any trades. This cautious approach minimizes the risk of false breakouts. If you found this analysis helpful, don’t forget to like and comment for more insights like this!
Long
by KainT21
Analysis of the USD/JPY currency pair on the 4-hour time frameAnalysis of the USD/JPY currency pair on the 4-hour time frame - We have price divergence and RSI indicator - We have two FVG in the middle, which the price tends to fill - We also have a PVOTE on the way - We have a good distance from the 99-day EMA - From a macroeconomic perspective, we also have extremely important news for the US dollar today - We also have the speech of the Federal Reserve Chairman, Mr. Powell My analysis is the growth of the dollar, especially in the news and speech period Don't forget capital management It is necessary to respect risk to reward Good luck and be profitable
Long
by mansour1978
What’s Flowing: USD/JPY AnalysisKey Observations: 1. Price Action: • USD/JPY has bounced from 148.65, showing signs of short-term recovery. However, the overall structure remains bearish with descending resistance levels near 150.30-150.50. 2. Technical Indicators: • Moving averages suggest further downside pressure. • Ichimoku cloud analysis highlights resistance in the 149.50-150.30 zone, making it a critical area for sellers. 3. Market Sentiment: • Seasonal trends show a weakening dollar towards year-end, aligning with current selling pressure. • Reuters and Dow Jones reports emphasize geopolitical influences and Japan’s policy stability driving yen strength. 4. News Highlights: • Massive $1.4 billion option expiry today, with strikes at 147, 148, and 150, could add volatility. • Recent headlines note importer buying interest near 146.50, setting up potential support levels. 5. Support and Resistance: • Immediate support: 146.28 and 145.00. • Resistance: 149.50, followed by the psychological 150.30 level. Trade Insights: • Bias: Short-term pullbacks may provide opportunities for selling rallies. • Risk Management: Stop-loss near 150.50 for short trades. Profit targets near 146.50 and 145.00. This week’s flow will likely hinge on U.S. economic data releases and further commentary from Japan’s BOJ. Be cautious of mid-week reversals.
Short
by moneymagnateash
Elliott Wave View: USDJPY Impulsive Decline Favors More DownsideShort Term Elliott Wave structure in USDJPY suggests that rally to 156.76 ended wave X. This completed correction against cycle from 7.3.2024 high. Pair has now turned lower. Structure of the decline from 156.76 is unfolding as 5 waves impulsive Elliott Wave structure. Down from 156.76 high, wave (i) ended at 155.14 and wave (ii) ended at 155.78. Wave (iii) lower ended at 153.85 and wave (iv) rally ended at 154.74. Final leg wave (v) ended at 153.83 which completed wave ((i)). Corrective rally in wave ((ii)) ended at 155.88 as expanded flat. Pair has resumed lower in wave ((iii)). Down from wave ((ii)), wave (i) ended at 153.54 and wave (ii) ended at 154.72. Wave (iii) lower ended at 149.52 and wave (iv) ended at 150.53. Final leg wave (v) ended at 149.46 which completed wave ((iii)) in higher degree. Rally in wave ((iv)) ended at 150.74. Expect pair to extend lower 1 more leg to end wave ((v)). This should complete wave 1 in higher degree. Afterwards, it should rally in wave 2 to correct cycle from 11.15.2024 high before turning lower again. Near term, as far as pivot at 156.76 high stays intact, expect rally to fail in 3, 7, 11 swing for further downside.
by Elliottwave-Forecast
USD/JPY Trade Setup - Trendline playI am currently looking to take a long position on USDJPY due to a 4 hour candle close above the trendline Key Levels: Entry Zone: 149.69 (aligned with 4-hour resistance and previous structure support). Target: 150.72 (4-hour resistance). Stop Loss: 149.22 (below daily support). Reasoning: Price has been consolidating after a strong bearish trend and has now closed above the downtrend line (red diagonal). The entry zone coincides with strong confluence levels of resistance turned support. Stop loss has been placed under the ascending trendline
Long
by PipShiesty
1
USD/JPY Analysis: The Battle BetweenThe USD/JPY currency pair appears poised for a potential decline, as COT reports reveal a clear bias among large speculators favoring short positions. This bearish sentiment from institutional players starkly contrasts with the optimism displayed by retail traders, many of whom remain positioned long, anticipating a reversal. However, retail sentiment often serves as fuel for liquidity hunts, with institutional strategies targeting stop-loss clusters near key support zones. Historical patterns suggest that when retail traders collectively lean too heavily in one direction, large speculators seize the opportunity to move the market against them. With bearish positioning among speculators and retail sentiment ripe for exploitation, USD/JPY could face further downside pressure. Monitoring shifts in liquidity levels, sentiment extremes, and institutional positioning will be crucial in anticipating the next major move.
Short
by OssianH