USDJPY H1 Long! 8/5/2024W1 Ranging, D1 good uptrend candle, H4 smooth uptrend as well. SL - 153.731 TP - 157.475Longby LawrenceWongWBS227
USDJPY.. intervesion time for BOJ? Let's see#USDJPY... Market at his very crucial area 155.60 to 155.70 Wake up BOJ it's you turn now .. Let see what will be done from market.. If market hold that region then drop expected from here .. Keep close that region from 155.60 to 155.70 n 75 max Good luck Trade wisely by AdilHussain7313333
USDJPY.. intervesion time for BOJ? Let's see#USDJPY... Market at his very crucial area 155.60 to 155.70 Wake up BOJ it's you turn now .. Let see what will be done from market.. If market hold that region then drop expected from here .. Keep close that region from 155.60 to 155.70 n 75 max Good luck Trade wisely by AdilHussain7313331
USDJPYHello to all dear traders, Regarding the Japanese yen currency, the necessary confirmations have been given to start the correction. Therefore, we should carefully wait for the decline and start a great long-term trade at the right time. This currency has not had a proper correction so far, so selling movements in the coming days, especially next week, will show us whether we can have a proper entry or not. If I receive confirmation from you, I will definitely share excellent entry points here. From 4-hour to 15-minute timeframes, designed with simple and smooth charts, in accordance with the general taste. Best wishes for success to all of you dear followers. Respectfully, #Smart Money Concept #Liquidity #Hunter Shortby fereydoon119912
USD/JPY – Yen weakness prompts warning from TokyoThe Japanese yen is down for a third straight day and has declined 1.5% this week. USD/JPY has risen 0.43% on the day and is trading at 155.35 at the time of writing. Early Thursday, the BoJ will release the Summary of Opinions from the April meeting. Japanese officials remain mum about suspected interventions on the currency markets last week. The yen broke below the 160 line before recovering and surged 3.4% last week. However, the yen’s strength did not take long to dissipate and has dropped below the 150 level today. Previous interventions by Tokyo boosted the yen for only a short time and that appears to be the trend again. The Bank of Japan and the Ministry of Finance (MoF) weighed into the yen crisis earlier today. BoJ Governor Ueda said the central bank could take monetary action if the yen’s depreciation has a significant effect on prices. Ueda stated his readiness to tighten policy, saying that if inflation was higher than expected, it would be appropriate to adjust interest rates. Ueda’s remarks may be an attempt to provide the yen with a boost by sending a message that further rate hikes are on the table if inflation moves higher. Finance Minister Suzuki expressed “strong concern” over the weak yen and warned that he was ready to intervene to boost the yen. It seems questionable whether the warning will have much effect. The yen posted strong gains last week after suspected interventions but has already coughed up close to half of those gains. Barring another intervention, the yen could be on its way back to the 160 level. USD/JPY is testing resistance at 155.35. Above, there is resistance at 155.91 There is support at 155.01 and 154.43by OANDA1
USDJPY may find resistance hereIntraday Update: The 61.8% retracement of the May 1 low to May 3rd low coming is at the 155.68 level, and although not expecting an "intervention" some natural market selling may be the case here in the USDJPY. Shortby ForexAnalytixPipczar1
IN D1 TIME FRAME USDJPY STRONG LOOK BULLISHThe USDJPY currency pair is currently encountering significant resistance within key supply zones, marking crucial levels where sellers are exerting notable influence on price movements. The primary supply zone is established near the level of 154.500, acting as a formidable barrier against further upside momentum. This zone indicates an area where sellers are likely to be more aggressive in initiating selling positions, potentially leading to a reversal or a temporary halt in upward price movement. Further overhead, a strong supply level is identified at 158.000, representing a pivotal point where selling pressure intensifies significantly. This level serves as a major psychological barrier, often attracting selling interest from market participants looking to capitalize on potential price retracements or reversals. At 161.000, another significant supply zone emerges, signaling the presence of persistent selling pressure and reinforcing the overarching bearish sentiment in the market. This level adds an additional layer of resistance, suggesting that buyers face considerable challenges in pushing prices higher beyond this point. Traders closely monitor these supply zones as they represent strategic areas where selling interest is likely to outweigh buying activity, potentially leading to downward price movements or consolidations. The clustering of supply levels in close proximity underscores the strength of the bearish thesis for the USDJPY pair.Longby Leo_Trader01Updated 4
USDJPYThere is a possibility of making a Head and Shoulder pattern in 5 minute chart. Looking for a sell Use proper risk management. Thank you Shortby joelkurien113
"USDJPY Long Trade Setup: Potential Bullish Momentum Above 153.4If the H1 candle for USDJPY closes bullish above 153.40, we will initiate a buy entry with a stop loss around 152. Our primary target is set at 157, but for a safer approach, we may consider exiting the trade at 154.50, aiming for a profit of 100-120 pips. If the price maintains its position above 154.50, we will hold onto the trade until it reaches the full target of 157. This setup offers a risk-reward ratio of 3:1. We consistently deliver high-quality and top-notch analysis like this.Longby MrKTechnicalLevelsUpdated 101020
USDJPY - Still Bullish Long-term 📈Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst. As per my last analysis (attached on the chart), USDJPY rejected the $160 resistance and traded lower. What's next? 📈 USDJPY is still overall bullish , trading inside the rising channel in red. At present, USDJPY is undergoing a correction phase and it is currently approaching the lower bound of the channel. Moreover, it is retesting a previous major high marked in green. 🏹 Thus, the highlighted blue circle is a strong area to look for buy setups as it is the intersection of the green zone and lower red trendline acting as a non-horizontal support. 📚 As per my trading style: As #USDJPY is hovering around the blue circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...) 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~RichLongby TheSignalystUpdated 5522
USDJPY InsightHello everyone, welcome all subscribers. Please share your personal opinions in the comments. Booster and subscription requests are appreciated. With unofficial intervention from the Japanese foreign exchange authorities and expectations of rate cuts by the Federal Reserve, the dollar weakened and the yen strengthened, causing USDJPY to decline recently. However, expectations for rate cuts are diminishing again, and yen carry trading due to interest rate differentials between the United States and Japan appears to be continuing. Since there are no major market-moving events scheduled for this week, news from Japanese authorities or the Fed is likely to drive the market. - On May 14, the US Producer Price Index for April will be released. - On May 15, the US Consumer Price Index for April will be released. - On May 16, Japan's GDP for the first quarter will be released. - On May 17, the Eurozone Consumer Price Index for April will be released. USDJPY fell to the 152 line as expected last week due to resistance at the top. However, it has risen to the 155 line due to a rebound at the support level. Since there is no significant resistance to the upside, there may be another confirmation process of the resistance at the top trend line, and if resistance occurs in this range, a low around the 149-150 range is expected this time. In summary, a short-term rise to the 159 line followed by a medium-term decline to the 149-150 range is anticipated. We will adjust our strategy if movements deviate from expectations.Longby shawntime_academy115
USD/JPY Pullback: Bullish Correction or Trend Reversal..?!USD/JPY appears to be pulling back from the 155.400 level, which seems like a rejection zone. The higher timeframe is still bullish, but I'm hoping that bullish momentum is starting to exhaust. This retracement may be just a correction in the bull run. To minimize risk, I've placed my stop loss at 156.600, with a target at 153.200. Let's see what happens next! 𝐈'𝐦 𝐚 𝐭𝐫𝐚𝐝𝐞𝐫, 𝐧𝐨𝐭 𝐚 𝐛𝐫𝐨𝐤𝐞𝐫 𝐨𝐫 𝐩𝐫𝐨𝐟𝐞𝐬𝐬𝐢𝐨𝐧𝐚𝐥 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐚𝐝𝐯𝐢𝐬𝐨𝐫, 𝐚𝐧𝐝 𝐈 𝐝𝐨𝐧'𝐭 𝐨𝐟𝐟𝐞𝐫 𝐚𝐧𝐲 𝐩𝐚𝐢𝐝 𝐬𝐞𝐫𝐯𝐢𝐜𝐞𝐬. 𝐓𝐡𝐞 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐜𝐨𝐧𝐭𝐞𝐧𝐭 𝐈 𝐬𝐡𝐚𝐫𝐞 𝐫𝐞𝐟𝐥𝐞𝐜𝐭𝐬 𝐦𝐲 𝐩𝐞𝐫𝐬𝐨𝐧𝐚𝐥 𝐭𝐡𝐨𝐮𝐠𝐡𝐭𝐬 𝐚𝐧𝐝 𝐚𝐧𝐚𝐥𝐲𝐬𝐢𝐬; 𝐢𝐭 𝐢𝐬 𝐧𝐨𝐭 𝐢𝐧𝐭𝐞𝐧𝐝𝐞𝐝 𝐚𝐬 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐚𝐝𝐯𝐢𝐜𝐞. 𝐈 𝐚𝐦 𝐧𝐨𝐭 𝐫𝐞𝐬𝐩𝐨𝐧𝐬𝐢𝐛𝐥𝐞 𝐟𝐨𝐫 𝐲𝐨𝐮𝐫 𝐭𝐫𝐚𝐝𝐢𝐧𝐠 𝐥𝐨𝐬𝐬𝐞𝐬. 𝐈'𝐦 𝐬𝐢𝐦𝐩𝐥𝐲 𝐚 𝐭𝐫𝐚𝐝𝐞𝐫 𝐥𝐢𝐤𝐞 𝐲𝐨𝐮Shortby ClearTradingMind0
USDJPY USDJPY ON A SELL this pair have a selling oportunity with a very good risk to reward ratio, DUE to the following confirmation 1. fib retracement on the last fib drawn, the pair is on a have reached a retracement level of between 50% and 61.8% at the price 155.165 2.formation of a SWINNG HIGH at H1, 30min & 15min timeflames which seams to be the best entry position consideting the ABCDs of FIBS and C being the enty 3. Having 3 touches on the trendline a valid trendline have been formed with 3 touches 4. Formation of the FALCON falling wage HENCE We have a great entry and we will set our SL to 155.451 if we want to go in agressively risking about 27 PIPSwhich is small compared to the reward we are looking forward to get at a TP price of 152.961 making a total of 221 PIPS with a RRR of 1:8, BUT if we want to play it safe we can put our SL at 155.719 just a little bit above the retracement FIB of 61.8% with the same entry at current price 155.177 diving to a TP price of 152.961 making a total of 221PIPS with a RRR of 1:4 Ciao @LusanexFXShortby shebylusana3
USDJPY Price on the Bullish Hunt using 1H Fair Value Gap USDJPY Price is seeking out that juicy 4H bullish swing high liquidity. Will it hit the mark? Only time will tell.Longby powercash110
USDJPY: Bullish SetupOne of the currency pairs that appears to be showing bullish signs today is USDJPY, following a test of an important horizontal support level. The price broke above a resistance line in a falling wedge pattern and also surpassed a strong horizontal support level. These two bullish signals suggest a likely continuation of the upward trend. The potential targets for this bullish movement are 156.04 and 156.99.Longby linofx13
USDJPY potential longs!👁️ OUTLOOK 5hr chart: 30m chart: Context 5hr: Starting from left to right. Price is breaking bullish and surfing the emas. Then price breaks below the the 10,50,200 emas. Price is now breaking above the 10ema and breaking bullish and finally breakings above the 50ema. Price is looking very good on our context time frame 5hr. Now lets see what our validation time frame 30m is doing. Validation 30m: Starting from left to right. Price came from a deep re-accumulation we saw on the 5hr, then price is now starting to break bullish and finally getting above the 200ema which is a very good sign that price wants to continue long. Bias: Bullish. Price is looking very good to follow for longs this week, will definitely look to see if my entry setup on the 5m forms May 8th - 10th NY session to follow this long! GOOD LUCK! Hope this was informative and you start seeing a repetition of the system I use taught by Mentfx (my mentor)! Longby angelvalentinx1
Utilize Sell Scenario as USD/JPY Tests Supply AreaSell positions are entered upon the formation of a valid Daily rejection and H4 confirmation when testing the supply area at 156.06-157.98. This sell entry opportunity will capitalize on the potential weakening of prices when testing the supply area at 156.06-157.98. For further clarity, please refer to the explanation below. USD/JPY Daily Level: Supply 156.06-157.98 On the Daily chart, there is a potential sell area at the supply area of 156.06-157.98. Sell positions await the price to test the supply area and form a valid rejection, such as a bearish engulfing or pin bar candlestick pattern (with a long upper shadow). USD/JPY Entry Opportunity From the description above, it can be concluded for the entry opportunity with the following plan: Position: Sell Level: Supply 156.06-157.98 Signal: Daily Rejection then H4 candlestick confirmation Attention: Enter only when confirmation has been formed. Always employ good money management (1-2% risk per transaction). If the sell position has been taken and the price has not yet reached SL or TP, close the position as soon as possible (emergency exit) if the price forms a candlestick reversal pattern (bullish engulfing, pin bar with a long lower shadow, or bullish inside bar) on the Daily timeframe. May this analysis assist readers in observing price movements and making transaction decisions.Shortby Meldir_1
After Intervention, USD/JPY Begins to RecoverJapan is suspected of intervening repeatedly, causing USD/JPY to fall to a three-week low at 151.85 last Friday. However, the currency pair has rebounded this week, reaching a three-day high at 154.65 in Asian trading yesterday. Japanese officials have consistently refused to answer whether their country has undertaken selling actions of the dollar to boost the yen's exchange rate. However, data from the Bank of Japan (BoJ) reveals indications of several currency interventions totaling around 9 trillion yen. Masato Kanda, a Japanese Currency Diplomat, warned again this morning that the government "will continue to take the same firm approach" towards the volatile movement of the yen. Additionally, he acknowledged that the government would not intervene in orderly market situations. Kanda's statement failed to intimidate yen sellers. Reuters reported that some analysts instead interpreted it as a signal that the risk of Japanese intervention has diminished. The yen remains one of the favored currencies for "selling" in carry trades, given the substantial interest rate differential between Japan and the United States. The Federal Reserve has continued to maintain its interest rate at 5.25%-5.50% in the recent FOMC meeting, while the Bank of Japan persistently keeps its interest rate at nearly zero. Analysts at DBS state that the yen remains the most undervalued among G10 currencies despite its recent strengthening due to Japanese intervention last week. Meanwhile, the US dollar remains significantly overvalued. Currently, the yen also shows indications of bearishness against various other major currencies. EUR/JPY briefly touched a low of 164.00 last week but is now hovering around 165.90. GBP/JPY dropped to 191.35 at one point but recorded its highest level at 194.10 last morning.by Meldir_1
USDJPY → Huge Fall from 160.000 Heading for 148.000!?USD/JPY raced to test 160.000 last week and as expected, had a massive sell-off that ended Friday just below the 152.000 breakout area. Should we still be long? Or is it time to get short? How do we trade this? 🤔 The question in my last analysis was are we in for a hard sell-off? And should we buy these pullbacks? The conditions we see today change the perspective on buying the pullbacks. That wasn't just any sell-off, that was a hard rejection and reversal pattern. The sell-off from 160.200 dropped nearly 600 pips in 8 hours. This was followed by a meandering pullback toward the previous candle close high of around 158.400, which ended in another massive drop to 153.100. We then had a final bear push just below the breakout level of 152.000. We can read this a couple of ways, the first is that this is our re-test of the breakout area as I expected two analyses ago where I expected a confirmation of the 152.000 area as support before making it to 160.000: However, we never tested 152.000, we went to 160.000 in rapid fashion first. Such volatility is a sign of a reversal or at least, a push below the breakout level. We have a rough double-top from the initial sell-off, then its follow-up, followed by a third push to the breakout point. We're three pushes up after the 152.000 breakout, a massive sell signal and follow-through at the 1990 Key Resistance Level of 160.400, and we've closed below the 4HR 200EMA. A similar pattern played out in October 2022 with some slight differences as seen here: October 2022 Pattern: This was the first time we touched 152.000 and had a massive sell-off, followed by the same meandering pullback to the 4HR 30EMA, which acted as a rough head-and-shoulders reversal pattern. However, the close was below the 4HR 30EMA on the pullback and above the 200EMA on the first bounce. This time, the pullback went above the 4HR 30EMA to touch the channel top and then closed below the 4HR 200EMA. That last point is a key difference. Both instances are clear reversal signals with follow-through, but the 160.000 rejection was much stronger with a close below the 4HR 200EMA. If the price comes back up to test that 200EMA and gets rejected, that's our signal to short. I would then be targeting levels below 152.000, where the price previously met resistance, which will now likely act as support. Those levels are 150.800 and 148.800. It's very possible we fall much further. But I recommend waiting for that rejection from the 4HR 200EMA and then short 1:2 Risk/Reward to those two key levels. It would be reasonable to swing 25%-50% of your position to lower levels if the price action warrants it. If the price does not get rejected at the 4HR 200EMA, we need to wait and see if the bullish pressure resumes and adjust our bias accordingly. We are still in the channel, the confirmed break below is what we need to justify getting short. 💡 Trade Idea 💡 Short Entry: 153.550 🟥 Stop Loss: 155.800 ✅ Take Profit: 149.050 ⚖️ Risk/Reward Ratio: 1:2 🔑 Key Takeaways 🔑 1. Three pushes up after the 152.000 breakout to the key level of 160.400 2. Strong rejection and follow-through back down to the 152.000 level 3. This strong volatility at the end of a trend is a sign of a reversal 4. Enter a 1:2 Risk/Reward trade down to 149.050. Potentially swing some of your position lower. 5. RSI at 35.00 and below the Moving Average, supports pullback before fall. 💰 Trading Tip 💰 The longer a trend continues after 3 legs, the probability of that trend continuing lessens. Because of this decreased probability, we ought to reduce our risk when entering trades and start looking for reversals. ⚠️ Risk Warning! ⚠️ Past performance is not necessarily indicative of future results. You are solely responsible for your trades. Trade at your own risk! Like 👍 and Follow to learn more about: 1. Reading Price Action 2. Chart Analysis 3. Trade Management 4. Trading PsychologyShortby TraderEngineeringUpdated 3311
SHORTERM BUY ON USDJPY H1 TIMEFRAMEBuyers holds firm at 154.855 level as we see the strengths of buyers in a continuous rise! A buy opportunity is envisaged from the current market price. Target is 158.00 stops at 153.865Longby Cartela4
BUYERS HOLD FIRM!!Bullish strength continues to surge higher as buyers holds firm around 154.826 . This implies, there could be a shorterm further bullish retreat to 158.000 Before we can consider shorting. Shortby Cartela1
Usd/Jpy Weekly Outlook Must watch!!I have analyzed why USD/JPY is repeating a similar pattern from 2022, and it's likely that we could see the same reaction. Please watch the video and share your thoughts. Follow for more breakdown!!Short08:13by ShinForex1Updated 227
USDJPYGood day Traders hope you are all well this is my take on USDJPY feel free to commentLongby mark_williams2