Potential USDJPY Sell IdeaHere is my setup for USDJPY for the upcoming week. Must be careful with this one since the higher TF structure dictates a bullish trend. This is one that I won't be surprised if it remains bullish.Shortby BlackDiamondFX444
shorting UJTo me price recently broke an important high and due to previous trends there's a good chance of the market going further long but that could be stopped since the Japanese government wouldn't want the price to go further 160 which would be really bad for the economy so for now just watching would be safe but i am looking to short the retracement I'm expecting this coming weekShortby gatsipaida0
Short UJUJ react with zone 157.1 which most volume here and went down 156.84. Plan: - Wait UJ move over 157 again - Go timeframe M5, looking for a sideway zone - WILL HAPPEN A SHORT CANDLE THROUGH THE SIDEWAY ZONE => GO SHORT. SL 157.25/ TP1 156.45 TP2 156.15Shortby bubblyHope283440
USDJPY, growth from support. Bulls active.Hi friend. Lets look at USDJPY chart window. We have uppend channel with bulls accumulation area between support - 156.94 and transit level - 157.078. Also there is big volume of purchases from 156.51 (41 k). All of this in sum - strong bullish signal. Bulls target 157.46 (daily X-Lines level). Follow me. And dont forget support me by boost. Longby JinFlark1
USD JPY inching higher USD JPY seems to be creating an upward sloping symmetrical triangle with Craddle forming at 170 level somewhere close to US election time. Short term view - pair will breach 160 level and trade in ranges between 160-165. Subject to BOJ tone next week. Medium term view - FOMC rate cut & expected BOJ rate hike could negate the USD strength, however the fundamentals would still signal a strong USD on back of higher USD yields compared to JPY. Long term view - Long IR rate divergence is expected to Narrow with Fed rate cuts being priced in and BOJ expected to hike the rates which would lead to USD weakening vs JPY. After USD peaks around 170 levels Long term Short USDJPY could be a trade to watch out for. by Lifelonglearn0
USD/JPY stabilized on Friday after another week of gainsDear traders! USD/JPY was volatile on Friday, ending near where it started the day, just below 157.00, as investors looked to restore balance after a tense week. Next week's forecast: Fedspeak and PCE remain in focus Inflation Japan's national consumer price index (CPI) dropped to 2.5% year-on-year in April, but the Bank of Japan (BoJ) is still determined to keep interest rates at rock-bottom levels. , near negative levels until they see inflation expected to fall above 2%. The BoJ now expects CPI inflation to fall below 2.0% through 2025 and some of 2026. Overall the bullish outlook remains very bullish in the short to medium term supported by the 34 Exponential Moving Average (EMA) level at 156.33 which appears to appear as immediate support, followed by is the psychological level of 156.00. A break below this level could put downside pressure on the USD/JPY pair, potentially pushing it towards upside support at 151.86 before resuming growth. Personally, I still appreciate the UJ Buy Strategy remaining very optimistic, USD/JPY could retest the upper boundary of the rising wedge at around 157.20. If it breaks above this level, the pair could move towards the recent high of 160.32 above which is at least a huge liquidity zone being targeted by the bears. And you? Do you believe that the wave of discounts is still intact?Longby ConanForexUpdated 7714
USDJPY Possible Short positionHi Traders, USDJPY broke the uptrend line and has formed a bearish divergence, if price breaks or close below support line at 156.885, you can take a short position at around 156.860 take profit at 156.510 and stop loss at around 157.190 Thanks, Happy tradingShortby AutomateForex112
USDJPY OUTLOOK Current technical outlook on USDJPY. In alignment with the bearish dollar (earlier post) and expected rate cut towards the end of the year. I expect some sell to the down side on the USDJPY pair. "May fortune attend thee, and thy trade prosper." .......L2Earned Shortby L2Earned5
USDJPY: Short Trade Explained USDJPY - Classic bearish setup - Our team expects bearish continuation SUGGESTED TRADE: Swing Trade Short USDJPY Entry Point - 157.06 Stop Loss - 157.91 Take Profit - 155.55 Our Risk - 1% Start protection of your profits from lower levels ❤️ Please, support our work with like & comment! ❤️ Shortby UnitedSignals111
USDJPYI think will move something like this and to fill the big spike from yesterday............Longby hristaki80
USD/JPY Market Analysis: Downside CorrectionThe USD/JPY has been a tricky customer in the past few weeks. We have attempted a few shorts which did not work out, the price persisted to the upside eventually breaking key structures that hold the downside. The Bullish breaks confirm the Longer-term trend (Bullish) has resumed, however, the current rally is losing steam and we can capture a strong reversal to reset the trend. Overview and breakdown Current Trend: UP-Trend Next Expectation: Downside Correction (Secondary Trend) to discount the rally for a reset of the Up-trend and to offer a lower price discount. Area of target: Target 1: 156.28 & Target 2: 155.23 These areas represent the key structural points. The second target is the most technical point that represents the last untested structure. This point is the safety point for the buyers that enter the bullish trend at a later date. In most cases, the price correction (Secondary trend) will get here. Another important thing to note with the 2nd Target is that; it corresponds nicely with the Fibonacci Buy-Zone measured from the Low of the entire rise to the High. Risk and Stop Loss: Price 157.25; Technical Stop above the Momentum High. Shortby Charts247TradingAcademy0
USDJPY remains well supported in all time framesDear traders! The upward momentum is still well supported after exiting the falling wedge by a positive outlook amid changing sentiment. With the ability to create DOW from the chart, using the Fibonacci measurement tool from Tradingview. I expect the uptrend to still be well supported from 0.786 potential targets on M3 are 180.57 and 231.38 as indicated above chart. If you like this idea, don't forget to leave your comment to let me know your idea.Longby ConanForexUpdated 8817
USDJPY - 24 May 2024Huge volume but price stop moving higher, this is a sign of short term high, while the low is formed weak, if supply take back control from here, we will most probably see price trade back down to the breaker, right below the SSL.by FX_ArteezZ0
USDJPY : The buyers still prevail! The USD/JPY pair remained strong above the 157.00 level during Asian trading on Friday, consolidating previous gains despite ongoing risk aversion in the market. This pair benefited from weaker national CPI data from Japan, which pressured the Japanese Yen and supported USD/JPY. The next key focus is on U.S. data, which will determine the pair's next direction. The outlook for further gains remains optimistic!by Trader_BrianFXUpdated 1
USD/JPY SELLERS WILL DOMINATE THE MARKET|SHORT Hello,Friends! USD/JPY pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 155.555 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely. ✅LIKE AND COMMENT MY IDEAS✅Shortby EliteTradingSignals112
USDJPY - UniverseMetta - Analysis#USDJPY - UniverseMetta - Analysis BUY from breaking through the 1st wave The price can form a 3-wave structure along the trend and continue to rise to levels 165. It is also worth considering the range on H4 in which the price can remain for a long time, which increases the period of holding the position; you can also consider a correction from the upper border and increase purchases from the lower one. For a downward movement, you should wait for consolidation at the lower border and a retest confirming further downward movement. Target 160 - 165Longby Trade-U-Metta3
USDJPY: Intraday Bullish Confirmation ?! 🇺🇸🇯🇵 USDJPY broke and closed above a key daily structure resistance. Analysing an hourly time frame, I spotted a strong bullish confirmation - breakout of a resistance line of a bullish flag pattern. We see a positive bullish reaction to that after the release of the yesterday's fundamentals. I will expect growth to 157.5 ❤️Please, support my work with like, thank you!❤️ Longby VasilyTrader113
USDJPY can go UP by Symmetrical Triangle➡️RR=3.68🏃♂️ USDJPY is moving in an Ascending Channel (in the Daily time frame ). 📈Regarding Classical Technical Analysis , USDJPY has succeeded in breaking the upper line of the Symmetrical Triangle Pattern . 🔔I expect USDJPY to continue its uptrend due to the breakout of the Symmetrical Triangle Pattern . 👑 Position : USDJPY Position: Long Entry Point: 156.340 JPY (Stop Limit Order) Stop Loss: 155.620 JPY Take Profits: 158.987 JPY// 157.871JPY(RR=2.13) Risk-To-Reward: 3.68 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.Longby pejman_zwinUpdated 1112
USDJPY BUY SETUPThere is a likely intervention from BOJ today that will take us into a fresh demand zone, if it plays out, We would be buying USDJPY from that demand zone Longby Dasilvawale0
USDJPYLooking for a sell trade, if it reaches the resistance level which i marked on chart. Now UJ is forming W pattern in 1H chart. Use proper risk management. Thank youShortby joelkurien1
USDJPYLooking for a sell opportunity in UJ. waiting for the price push to the level of Resistance to make double top. Use proper risk management. Thank youShortby joelkurienUpdated 3
USDJPY Continues uptrend above 156.00Dear traders! In general, after successfully breaking the resistance level above the Symmetrical Triangle channel, the price has confirmed and the recovery momentum has increased in materialization and distribution. It is now aiming to test local highs, but the upside momentum still looks likely to lack momentum before strengthening further. At this point we are looking for confirmation of price action above 158.45 with a view to further strengthening expected to target 158.00.Longby ConanForexUpdated 111143