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Usdjpyforecast

USDJPY is filling the gap?USDJPY had an initial breakout due to weakening of JPY leaving a gap of 150 pip on weekly and monthly supprt level. At the end it finally rejected off the higher price, as the market does not like to leave a gap, USDJPY is possbly to fill the gap and, potantially leading the market to drop to nearly 350 pip to this support level. At the moment for final rejection it is important to see the market has created a bearish price action to re confirm the market reversal for sell opportunity.
Short
by ForexWizard01
USDJPY - Expecting Bullish Continuation In The Short TermH1 - Strong bullish momentum. No opposite signs. Until the two Fibonacci support zones hold I expect the price to move higher further. If you enjoy this idea, don’t forget to LIKE 👍, FOLLOW ✅, SHARE 🙌, and COMMENT ✍! Drop your thoughts and charts below to keep the discussion going. Your support helps keep this content free and reach more people! 🚀 --------------------------------------------------------------------------------------------------------------------
Long
by VladimirRibakov
USDJPY fed rate cut shorten USDJPY?With Fed's speech, DXY bouced off the monthly low has given USDJPY an upside momentum which currenlty sitting at the long term trend line. Friday's move again signaling potential rejection back below as 4h charts shows multiple liquidity trigger from the resistance line and, as of 28-29 Oct further rate cut possible USDJPY could cointinue to fall monthly support level 145.49, first tp @148.56 is high probability as there is FVG on 4h, if the market continue to show bearish price action, it eventually continue it long term down trend.
Short
by ForexWizard01
USDJPY setting up for a drop!Series of lower highs with multiple liquidity grab from the trend line, with respecting dynamic resistance 20ema showing up the market to potentially continue to drop through the daily FVG. With upcoming Fed rate cut decision made dollar weaker, while BOJ policy rate on Friday causing to JPYX move up for correction which also fueling USDJPY to drop. Based on current market structure on 1h timeframe, A potential sell entry upon price action confirmation around 146.48 zone is an ara of value for sell entry!
Short
by ForexWizard01
2
USDJPY breakout ?USDJPY with Fed interest rate annoucement, has finally got a rejection from key level of support at 145.50 to another key level 148.27. As BOJ policy rate remain as forecast <0.5%, signaling continued bearish turn on JPY which fueling further bullish on USDJPY. From technical perspective, price had a very strong rejection from key support which potentially continue to rise above 149.12 A potential buy trade upon cross of this 148.27 on a retest is high probable.
Long
by ForexWizard01
USD/JPY Short Setup – Resistance Rejection Opportunity”USD/JPY (1-hour timeframe) Chart Setup Trend: The price has been moving in a downward channel (highlighted in red). Current Position: Price has recently bounced up from the lower boundary of the channel and is approaching the resistance zone (purple box). Resistance Zone: ~147.247 – 147.645 Planned Entry Point: 147.264 Stop Loss: 147.662 (above resistance) Target Point: 145.482 Trading Idea This is a short (sell) setup. The idea is to wait for price to reach resistance (around 147.247–147.500) and then enter a short position. Expectation: Price will get rejected from resistance and move back down toward the target (145.482). Risk/Reward Risk: ~40 pips (147.264 → 147.662) Reward: ~178 pips (147.264 → 145.482) Risk-to-Reward Ratio (RRR): ~1:4.4 → very favorable setup. Key Notes ✅ Strong risk-to-reward setup. ✅ Trade follows the dominant downtrend (channel). ⚠️ If price breaks and closes above 147.662, setup is invalid (trend may shift bullish). ⚠️ Best to wait for bearish candlestick confirmation in resistance zone before entry. 🔎 In short: This chart suggests a sell trade setup at resistance with a clear stop loss and a large potential downside profit target.
Short
by LABA_GOLD_TRADING
USDJPY has done false breakdown?USDJPY trade setup for today : Before we look at potential entry in this pair first let’s look at multiple timeframe analysis in this market. Monthly: 150.79 Monthly resistance price has got rejection strongly from the top Weekly: After multiple doji formation, price is about to bounce off the support level potentially move back to the upside. Daily: With a massive rejection on Friday, USDJPY started to fill the imbalance and price may continue to move back to the upside. Entry timeframe 4H : Upon rejection from any previous candles support, price may continue to bounce. Possible trade recommendation : Bullish entry with SL above sessions high
Long
by ForexWizard01
USDJPY Set to drop to support?USDJPY trade setup for today : Before we look at potential entry in this pair first let’s look at multiple timeframe analysis in this market. Monthly: 150.79 Monthly resistance price has got rejection strongly from the top Weekly: Previous weekly closed with bearish engulfing patter with liquidity grab. Daily: Upon formation of head and shoulder price has got rejection with a strong momentum and price may continue to drop to support level. Entry timeframe 4H : As price has confirmed cross over of 20ema and 10ema we may see price continue to drop to daily support level. Possible trade recommendation : Bearish with SL above the sessions high.
Short
by ForexWizard01