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
BUY USDJPY for uptrend continuation BUY USDJPY for uptrend continuation STOP LOSS : 152.83 There is a strong trend on the daily time frame and all that have happened in the past days was just consolidation ( or trend pull back before continuation) ..... The daily time frame is showing strength continuation from this level of support and resistance so we are looking for the trend to push forward from here ..... TAKE PROFIT : take profit will be when the trend comes to an end, feel from to send me a direct DM if you have any question about take profit or anything Remember to risk only what you are comfortable with…….trading with the trend, patient and good risk management is the key to success here Longby BALE_FX2213
USDJPY zaiting for long *The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.by iminigham11Updated 4
USDJPY indicating a bullish market sentiment.USD/JPY formed a bullish peanut pattern, indicating potential upward movement. A breakout from this pattern suggests a bullish trend continuation, with traders likely eyeing further gains in the pair.Longby indaytradingUpdated 116
USD/JPY & GBP/USD UpdateUSD/JPY The secondary trend on the USD/JPY has printed a trend-changing pattern after breaking above the pullback structure. This move gives us a piece of crucial information, that we can buy at the low after the current wave structure is complete. Currently, our high probability trade is selling now to buy later. GBP/USD The Cable is bearish because we have seen three trend-changing patterns that constitute a downtrend in the GBPUSD. Overall the major trend is now resuming to the downside and we want to sell every rally that failed to make a Higher high.Short08:11by Charts247TradingAcademy1
Key Week Reversal on the Weekly USD/JPY ChartA key week reversal is a significant signal indicating a potential trend reversal. This pattern is identified by a large weekly price range that completely engulfs the range of the previous week. Additionally, the closing price of the key week is below that of the previous week. In the context of USD/JPY, the failure near the historical peak of 160.40 from 1990, with a recent high at 160.20, suggests caution and potential for a deeper retracement. Previous retracements in this trend were supported by the 55-week moving average (ma) around 146.35, as indicated by the green arrows on the chart. Given that this level aligns with the 38.2% to 50% retracement of the upward move seen since 2023, it presents a reasonable corrective target. In summary, the key week reversal on the USD/JPY weekly chart implies a possible shift in trend direction and least short term, with attention drawn to a potential retracement towards the 55-week moving average, which historically has provided significant support during similar corrections. Such a move would not be enough for us to abandon our longer term bullish bias. by The_STA2
USDJPY bouncing from key support atn Fibo level. Likely resumingUSDJPY has rebounded from its 0.786 retracement at 151.75. The strength indicator RSI is still showing positive sentiment with no divergence. That is a strong suggesting USDJPY is to rebound higher. An RSI close back above 60 threshold will confirm the bullish rebound picture. A bullish move over the next couple of weeks to the 0.618 retracement at 157.05 is in the cards. However, according to RSI USDJPY could move to the 0.786 retracement at around 158.46 i.e., at around previous high close. A break below 151.75 is demolishing the bullish rebound scenario and likely to push USDJPY down to support at around 150.80, possibly down to 149.20. Longby Saxo3
USD/JPY SELLI want to try this sell, in my opinion probable reversal. The real key regardless of any strategy is to have a decent risk/reward . You win and you lose , so be cautious. No financial advice, do your own researchShortby BigPlanUpdated 2
USD/JPY H4 | Heading into overlap resistanceUSD/JPY is rising towards an overlap resistance and could potentially reverse off this level to drop lower. Sell entry is at 154.70 which is an overlap resistance that aligns with the 50.0% Fibonacci retracement level. Stop loss is at 156.38 which is a level that sits above a pullback resistance. Take profit is at 152.20 which is a swing-low support. High Risk Investment Warning Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you. Stratos Markets Limited (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Europe Ltd, previously FXCM EU Ltd (www.fxcm.com): CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Stratos Trading Pty. Limited (www.fxcm.com): Trading FX/CFDs carries significant risks. FXCM AU (AFSL 309763), please read the Financial Services Guide, Product Disclosure Statement, Target Market Determination and Terms of Business at www.fxcm.com Stratos Global LLC (www.fxcm.com): Losses can exceed deposits. Please be advised that the information presented on TradingView is provided to FXCM (‘Company’, ‘we’) by a third-party provider (‘TFA Global Pte Ltd’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by TFA Global Pte Ltd. The speaker(s) is neither an employee, agent nor representative of FXCM and is therefore acting independently. The opinions given are their own, constitute general market commentary, and do not constitute the opinion or advice of FXCM or any form of personal or investment advice. FXCM neither endorses nor guarantees offerings of third-party speakers, nor is FXCM responsible for the content, veracity or opinions of third-party speakers, presenters or participants.Shortby FXCM11
A Sell signal for USDJPY📢 Signal: SELL USDJPY 📉 Entry Point: 154.466 🔍 TP1: 154.166 🎯 (30 pip TP) TP2: 153.866 🎯 (60 pip TP) TP3: 153.566 🎯 (90 pip TP) SL: 154.766 ⛔️ (30 pip SL) Mr_Bombastic_SignalShortby amirghm1
Analysis on usdjpy....don't miss out There's been a break of trend Market is forming lower lows and high structure There's been a retest back to the resistance So I went to the smaller time frames and wait for a m patter breakout and now it's ready So sell guys Risk management don't forget Also always take a good amount of profit don't be greedy Shortby obedious4
USDJPYSelling to our new lower low based on structure Overall trend is bullish but currently we looking for selling opportunities because the market is in a correction phase in this second quarter We in risk off situation Shortby angangA1
Fundamental Market Analysis for May 07, 2024 USDJPYUSDJPY: Unfavorable U.S. non-farm payrolls (NFP) and services PMI data last week raised expectations that the U.S. Federal Reserve (Fed) will cut interest rates this year. Traders expect the Fed to start lowering borrowing costs at its September meeting. However, Fed Chair Michelle Bowman said last week that she would be willing to raise interest rates further if progress in bringing inflation down to 2% stalls or reverses. Richmond Fed President Thomas Barkin said Monday that he sees no evidence yet that inflation is on track, adding that the strength of the labor market will give officials time to gain confidence that inflation will fall. Meanwhile, New York Fed President John Williams noted that rate cuts will eventually happen after all. Williams also said that he sees moderate job growth and that the Fed is looking at the "totality" of the data. Investors will be watching the Fed's speech this week. The dovish tone of Fed officials could put selling pressure on the dollar against its rivals. As for the Japanese Yen, risk-on sentiment continues to undermine safe-haven currencies such as the Japanese Yen (JPY). Earlier on Tuesday, Japan's chief currency diplomat Masato Kanda said Japanese authorities may take the necessary steps to deal with excessive market volatility, but declined to comment on U.S. Treasury Secretary Janet Yellen's remarks on monetary policy. The Japanese government's recent possible intervention was highlighted on Friday after the April US jobs report came in below expectations. Trading recommendation: Trade mainly with buy orders at the price level of 154.650. Consider sell orders at the price level of 154.150.by Fresh-Forexcast20040
#USDJPY Breaks falling wedgeWe now have a break of the falling wedge on USD/JPY, better Yen trades are available GBP/JPY, EUR/JPY & NZD/JPY however it's likely this will pull up to 159.62 in the coming days. Chris Head Coach & Trader for over 30 yearsLongby christrader881