It goes down after achieving a level %61After changing the trend from bullish to bearish, it needs to retest the 61% Fibonacci level and then continue to fall.Shortby Saeed966101044
5 tips for building a professional trading mindsetHey traders Building a professional trading mindset is crucial for success in the forex market. Here are five tips to help develop and maintain a professional approach: 1 . Develop Discipline and Patience: Stick to a Trading Plan: Develop a detailed trading plan that outlines your strategies, risk management rules, and goals. Adhere to this plan consistently to avoid impulsive decisions. Be Patient: Understand that success in trading doesn't happen overnight. Be patient and wait for the right trading opportunities that align with your plan. 2 . Embrace Continuous Learning: Stay Informed: Keep up-to-date with market news, economic indicators, and geopolitical events that can impact the forex market. Learn from Mistakes: Analyse your trades, both successful and unsuccessful, to identify what worked and what didn’t. Use this knowledge to improve your strategies. 3 .Manage Emotions: Stay Calm Under Pressure: Trading can be stressful, especially during volatile market conditions. Practice techniques to manage stress and maintain a clear, focused mind. Avoid Overtrading: Don’t let emotions drive you to overtrade. Stick to your trading plan and avoid chasing losses or getting overly greedy after wins. 4 . Implement Strong Risk Management: Use Stop-Loss Orders: Protect your capital by setting stop-loss orders to limit potential losses on each trade. Diversify Trades: Avoid putting all your capital into a single trade. Diversify your trades to spread risk across different currency pairs or financial instruments. 5 . Set Realistic Goals and Expectations: Define Clear Objectives: Set specific, measurable, achievable, relevant, and time-bound (SMART) goals for your trading activities. Understand the Learning Curve: Recognise that becoming a successful trader takes time and effort. Set realistic expectations regarding your progress and returns. By incorporating these tips into your trading routine, you can build a professional mindset that enhances your decision-making, improves your performance, and increases your chances of long-term success in forex trading.Educationby Costy1366336
#USDJPY: +1200 Pips Major Swing Buy! Dear Traders, Due sudden bullish move on JPY index, price fell to 152.00 region compared to 155.00 which was our area for reversal in our last idea which hit breakeven after being in profit of 180+ pips. So now we have possible reversal point from this area, however, the price is still tricky. Please use accurate risk management. Good luck. Longby Setupsfx_3350
USDJPY → Trade Analysis | SELL SetupThe price has fallen under the dynamic support, which now acts as resistance. We expect the decline to continue after testing the lower boundary of the channel. Hello Traders, here is the full analysis. I think we can soon see more fall from this range! GOOD LUCK! Great SELL opportunity USDJPY I still did my best and this is the most likely count for me at the moment. ------------------- Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 🤝Shortby TheGroveUpdated 66122
USD-JPY Catching The Falling Knife! Buy! Hello,Traders! USD-JPY keeps collapsing Being under pressure from The BOJ, but a strong horizontal Support is ahead and it is a Strong level so after the Retest we might see a local Bullish correction because The pair is quite oversold Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignals4418
USDJPY Re-Updated Plans On SentimentFears of recession are picking up pace in the US from Gov Dudley mentioning it may be too late for the FED. This feeds into safe haven strength, assisting the fall of UJ post rumoured intervention and now potential rate hikes out the BOJ. Any longs must be small, and well awaited. Short side sentiment is heavy.02:11by WillSebastianUpdated 6611
USDJPY on Bearish TrendlineOverall, the price in the bearish trend. We predict that prices will continue to decline. Support on small timeframes that have been break coupled with retest at this time, increasing the possibility of further bearish movement. TP: 155.430 (+2) S: 158.430 (100 pips)Shortby Rich_From_Home335
#USDJPY: +1000 PIPS Trading Setup | Do Not Miss Out|Recently we witnessed a sharp dropped on USDJPY due to BOJ hints of intervene in currency market. However, in fact they just gave hint of intervention and did not specify the plan. In some scenario, many says, it was a move to alter the direction of JPY pairs for sometime. In our view price is likely to move upside strongly after touching our area. We therefore advise you, if you are taking sell entry be extra cautious. Good luck and trade safe. Longby Setupsfx_Updated 3232171
USDJPY: Soft Inflation And Potential DownsidesHey Traders, in today's trading session we are monitoring USDJPY for a selling opportunity around 157.900 zone, USDJPY is trading in a downtrend and currently is in a correction phase in which it is approaching the trend at 157.900 support and resistance area. Trade safe, Joe.Shortby JoeChampion1119
DeGRAM | USDJPY rebound from the retracement levelUSDJPY is moving under an ascending channel between the trend lines. The price is above the 78.6% retracement level, which has already acted as a pivot point. We expect a rebound after the retest of the retracement level. ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!Longby DeGRAM2213
BUY [USDJPY BUY] at 155.619 TP=156.074Frankenstein signals BUY again... details: BUY at 155.619 TP=156.074 SL=155.554 Volume=0.05 Created by an AI server, no human was involved. :)Longby orbborrison337
USDJPY: Bearish Trend Continuation↪️The USDJPY is showing strong signs of a bearish trend after a long correction in a symmetrical triangle pattern. A break below the support line suggests a high likelihood of the bearish trend continuing. The price could soon reach the 155.00 support level.Shortby linofx1119
Analysis of USD/JPY: Yen Strengthens by 5.5% Against US DollarAnalysis of USD/JPY: Yen Strengthens by 5.5% Against US Dollar in 2 Weeks On Thursday, 11 July, the USD/JPY exchange rate was above 161, and today it is below 153. According to Reuters, this could be attributed to effective intervention by the Bank of Japan. While intervention was anticipated when the yen weakened to extreme levels not seen since 1983, Tokyo authorities were cryptic in their comments, maintaining uncertainty, making it harder for investors to predict when and how they might intervene. As indicated by today's USD/JPY chart: → The ascending trend channel (shown in black) that has been in place since 2023 is losing its relevance. → Red circles indicate pivotal points where significant price action occurred, helping to define the contours for a descending channel (shown in red). → The USD/JPY rate is near the lower boundary of the red channel. According to technical analysis, this boundary tends to act as support for the price – a bullish argument suggesting that the decline might slow down here. Whether there will be a rebound from the lower line of the descending channel or the bears will manage to break through the 152 level (where the price found support in May) will largely depend on next week’s news: Tuesday will bring reports on inflation and unemployment in Japan, and Wednesday will see statements from the Bank of Japan regarding the interest rate. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpen229
USDJPY-Bearish TrendUsdjpy is in a bearish trend as price printing lower highs and lower lowsShortby FazalSiyal119
USDJPY - UniverseMetta - Analysis#USDJPY - UniverseMetta - Analysis D1 - We are in the oversold zone, the price has also adjusted by 4% from the maximum. H4 - A 3 wave structure may form. The entry can be considered from these levels or wait until the structure is formed. The most likely scenario is to consolidate behind the trend line and continue to consider purchases. Stop for the formed fractal/2nd wave. Local targets 158.350. Next, a correction may form, and volumes can be increased for further upward movement if there is a retest of the level. The reverse side is the formation of an ABC structure and a further downward fall. Target 158.350. - 161.930Longby Trade-U-Metta117
USDJPY ( INSIDE OLD DEMAND ZONE ) (4H)USDJPY HELLO TRADERS Tendency , the price inside two turning level at 154.786 & 153.625 . TURNING LEVEL (1) : the price of this level at 154.786 , so if the price breaking this level reach a resistance level (1) . TURNING LEVEL (2) : the price of this level at 153.625 , so if the price breaking this level reach a support level (1) . RESISTANCE LEVEL (1) : this level around 157.687 , for reach this resistance level the price need breaking a turning level (1) . RESISTANCE LEVEL (2) : around 159.893 , for reach this level it will be breaking by open 4h or 1h candle above resistance level (1) . SUPPORT LEVEL (1) : this level around 151.996 , for reach this support level the price need breaking a turning level (2) . SUPPORT LEVEL (2) : support level at 150.180, for reach this level will be breaking by open 4h candle below support level (1) . CORRECTIVE LEVEL : currently price 153.931 , have two scenario , first corrective 154.786 , before dropping to touch a 153.625 , then 151.996 , second corrective 153.625 to reach a 154.786, then breaking this level reach a resistance level (1). TARGET LEVEL : RESISTANCE LEVEL : 157.687 , 159.893 . SUPPORT LEVEL : 151.996 , 150.180. by ArinaKarayiUpdated 229
USDJPY (Dollar / Yen)💸 #USDJPY Analysis 🕓 Time Frame: 4HR 🔼 Status: Bearish 📆 22/07/2024 Current Market Situation: The USD/JPY pair is declining due to a weaker dollar and ongoing interventions by Japanese authorities, which continue to strengthen the yen and exert downward pressure on USD/JPY. Additionally, funds are reducing their short positions on the yen. Key Observations: Interventions in Japan: Japanese authorities' interventions have positively impacted the yen, leading to a decline in USD/JPY. Short Position Reduction: Investment funds are decreasing their short positions on the yen, further supporting its strength. Technical Outlook: Medium-Term Support: Below the current levels, the USD/JPY pair is expected to move towards the medium-term support at ¥154.50, a level that provided support in early June. Volatility: Traders should exercise caution due to the inherent volatility of this pair. Recent Market Activity: Sharp Drop: Earlier this month, a mysterious sharp drop in USD/JPY sparked speculation of intervention after the yen rose about 3% against the dollar. Speculation: While there has been no official confirmation from local officials or the Bank of Japan, speculators are closely watching for potential intervention. Conclusion: The USD/JPY pair is experiencing downward pressure due to a combination of a weaker dollar and Japanese interventions. The pair is likely to test the support level at ¥154.50, and traders should be cautious of the volatility associated with this pair.Shortby BearKingdomTrading116
YENOCALYPSE. TO BE CONTINUE...The yen has posted several outsized moves in recent days, appreciating sharply on Thursday and Friday from 38-year lows of 161.96 per dollar, sudden rallies that market participants said had the signs of currency intervention. Bank of Japan data released on Tuesday suggested Tokyo may have spent 2.14 trillion yen ($13.5 billion) intervening on Friday. Combined with the estimated amount spent on Thursday, Japan is suspected to have bought nearly 6 trillion yen via intervention last week. In technical terms, USDJPY Fx pair has broken its major Bullish 7-months trend. What is next? I think retrace is possible.. But just to deliver much more to 152nd ground. // Mega stocks are in ruins.. by PandorraUpdated 2212
1-Hour Chart Analysis USDJPYVISIT FOURTRADES WEBSITE FOR MORE INSIGHT The 1-hour chart reveals more granular details of the recent price action. The pair has formed a bearish engulfing candlestick pattern at the resistance zone around 157.00, which is a strong bearish signal. This pattern indicates a potential reversal to the downside. Furthermore, the pair is approaching a support level around 155.50, which could provide a short-term bounce. However, if this level is breached, the next target would be the 154.00 support level. Daily Chart Analysis The USD/JPY pair has been trading within an ascending channel for the past few months. Recently, the pair... Visit fourtrades website Link in the bio 4-Hour Chart Analysis On the 4-hour chart, the USD/JPY pair has shown a clear break below a previous low, which adds to the bearish outlook seen on the daily chart. The price action is ... Visit fourtrades website for more insights Link in the bioShortby Fourtrades227
USDJPY Potential Support Breakout At 151.783 25.07.2024- Potential USDJPY support breakout at 151.783 on the 4HR chart. - If breakout holds, likely targets are 149.011, then 145.485. - If breakout fails, upside targets are 153.964, then 155.676. Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) DisclaimerShortby BDSwiss_Academy113
FvgMarket made a bos then tapped in sell liquidity then filled in the fvg and looking to move bullish Longby kenneth_FX222
Is USDJPY going to sell?!?!Hello!! let's just dive into this one. This trade is very similar to the one I posted before this so please do me a favor and go check that out. I'm not going to say much about this trade because it as exactly the same as the previous one. Shortby Linkhive001113
USDJPYCurrently on USDJY on the WEEKLY timeframe price has taken out the PWL but has not yet confirmed by closing above it, but on the weekly timeframe price has just taken out the PWL and its left with about an hour for the weekly candle stick to close which will be a very good confirmation of take offLongby BigBenCapitals224