Usdjpn — Trading Ideas on TradingView

USDJPY Just Broke Out — Early Trend Reversal or Fake Strength?1. Market Structure – Dow Theory Perspective On the H1 chart: - Price has consistently printed Lower Highs – Lower Lows, forming a descending channel. - The most recent move shows: + A higher low (HL) forming at the bottom of the channel + A clear break of structure (BOS) at the upper trendline This signals a transition phase, where sellers are losing momentum and buyers are starting to dominate. According to Dow Theory: ➡ A trend changes when the market forms a higher high followed by a higher low. USDJPY is currently in that exact phase. 2. Breakout Confirmation The breakout from the channel is valid because: ✔ The candle closed above the trendline ✔ Volume increased slightly on breakout ✔ Price retested the broken structure (blue arrow) and bounced cleanly This adds strong confirmation that the breakout is not a fakeout. 3. Key Zones to Watch 🔹 Support Zone Located around the lower channel and green zone — this is the origin of the bullish rejection. As long as USDJPY holds above this zone, the bullish scenario remains intact. 🔹 Strong Resistance Zone Marked at the top of the chart — multiple liquidity pools exist here. TP2 and TP3 align with these resistance levels. 4. Bullish Scenario – Primary Outlook After the breakout, the market is expected to follow a classic break → retest → continuation pattern: 🎯 TP1: 156.832 First liquidity target — where the first wave of profit-taking is likely. 🎯 TP2: 156.984 A stronger resistance level — aligns with prior price congestion. 🎯 TP3: 157.200+ Located at the strong resistance zone. If buyers maintain momentum, this is the final upside extension. This aligns perfectly with bullish structure + breakout momentum. 5. Technical Summary -Breakout from descending channel ✔ - Higher low formation → early trend reversal ✔ - Retest confirmation ✔ - Clear upside liquidity targets ✔ Everything aligns with a bullish continuation scenario for USDJPY. 🔥 Conclusion USDJPY has broken out of its descending channel, signaling a potential short-term bullish reversal. As long as price holds above the retest area, the market favors an upward move toward TP1 → TP2 → TP3. This is a clean structure-based opportunity for trend traders and breakout traders alike.

USD/JPY – Heading to 153 with Corrections Along the Way Alright, trading family, we’re eyeing 153.07 as the next big wave for USD/JPY, but the ride might not be smooth. Expect a couple of corrective dips along the way, likely around those skinnier orange lines on the chart. Once we hit 153, the market will likely pause for a correction, though how deep that goes is still unknown until we get there. After that correction, the next set should take us toward 154 or even higher levels if the momentum holds strong. Key Levels to Watch: Current Target: 153.07 – A key level where a correction is expected. Correction Depth: Unknown until we get to 153—watch for signs of pullback strength. Upside Potential: 154+ – If the correction is shallow, we could push to higher levels fast. This move is shaping up to be a classic climb with a few dips to shake out weak hands. Keep an eye on those corrections—they’ll set the tone for how strong the next leg up will be. What’s your take—are we heading straight to 154 after 153, or will we see a deeper correction first? Drop your thoughts, follow, and share if this analysis helped you prep for the next wave. Mindbloome Trader Trade What You See

USDJPN to target 148.6 On 30-min chat, the currency pair could not cross the resistance (blue line) and broke the support (red line), targeting down to 148.6 In case the movement is reversing , crossing the resistance will target 150.54

USDJPY is begging for correction? RSI on monthly chart = 83. RSI on weekly chart = over 82. RSI daily chart = over 80. How long it can go up without a correction?

USDJPN correction expected?I don’t really trade Forex, unless something catches my attention. USDJPN has been climbing for a while now. On weekly chart it is overbought and even the strongest move need to take a brake once in a while, Either if you look on EMAs or Fibonacci levels, correction can reach area 139-141.2. It doesn’t mean it will but according to my analisys, most of the indices look like they they’re going for an upside move. With VIX being overbought as well. The markets might get a bit more positive until November US rates decision. Personally I think we might not get lower than 140. Im not a professional trader and this is not a trading advice. Trading is risky. Always do your own analisys.

The Nikkei 225 is hitting the long-term downtrend line.After an impressive 8.3% rally, the Nikkei 225 is hitting the daily long-term downtrend line.Watch price action here. Be ready to short JPN 225 and USDJPY. I have not opened any positions yet.