Get started

JPYUSD

JPY/USD Trading Setup – Falling Wedge Breakout & Bullish MoveThe JPY/USD 1-hour chart is displaying a well-defined falling wedge pattern, which is typically a bullish reversal setup. This pattern forms as price action moves within converging trendlines, indicating that selling pressure is gradually weakening. The breakout from this pattern signals a potential trend reversal, and the price may be heading toward key resistance zones and an eventual bullish target. This analysis will break down the chart structure, market psychology, key levels, and a trading setup to help traders make an informed decision. 1. Understanding the Falling Wedge Pattern The falling wedge is a common price action pattern characterized by: 🔹 Lower highs and lower lows forming within two downward-sloping trendlines. 🔹 Decreasing volume, indicating that sellers are losing momentum. 🔹 A breakout above the upper trendline, confirming a shift in trend and signaling the start of bullish momentum. Market Psychology Behind the Wedge Pattern: 📉 During the wedge formation, the market is in a downtrend, and sellers are in control. However, with each new lower low, the price finds strong support, and buyers start stepping in. 📊 As the wedge narrows, the downward momentum weakens, and sellers struggle to push the price lower. Eventually, demand exceeds supply, leading to a breakout to the upside, which is exactly what we see on this chart. 2. Key Levels & Market Structure 🔹 Support Zone & Reversal Area: The support zone between 0.006660 - 0.006680 acted as a strong demand area, preventing further downside. This is also labeled as a reversal area, meaning buyers were aggressive in this zone. The final touch at this support led to a strong bounce, initiating the breakout. 🔹 Resistance Level: The price is now approaching a key resistance area at 0.006780 - 0.006800, which previously acted as a supply zone. A break and retest of this level would further confirm bullish momentum. 🔹 All-Time High (ATH) & Target Level: The ATH region is marked on the chart as a historical resistance level where price faced strong selling pressure before. If the current breakout holds, price action could aim for the 0.006851 target level, completing the measured move from the wedge pattern. 3. Trading Strategy & Execution Plan 📈 Entry Strategy: There are two main ways to enter this trade: 1️⃣ Aggressive Entry: Enter immediately after the breakout above the falling wedge. 2️⃣ Conservative Entry: Wait for a breakout AND retest of the previous resistance turned support (0.006780 zone) before entering long. 🔻 Stop-Loss Placement: To manage risk, traders should consider placing stop-loss orders: Below the previous support zone (0.006660) to minimize downside risk. Alternatively, below the wedge breakout point if using a tight stop-loss. 🎯 Take-Profit Targets: 1️⃣ First Target: 0.006780 (near-term resistance level). 2️⃣ Final Target: 0.006851 (based on wedge breakout projection). 4. Confirmation & Risk Management 🔎 Key Confirmation Factors for a Strong Breakout: ✅ Price breaks above the falling wedge with strong bullish candles. ✅ Volume increases, showing strong buying interest. ✅ RSI or other momentum indicators confirm bullish divergence. ⚠️ Potential Risks to Consider: False Breakout: If price falls back inside the wedge, this could invalidate the bullish setup. Rejection at Resistance: If buyers fail to push price above the 0.006780 resistance, it could lead to another consolidation. 5. Final Thoughts & Trading Outlook 📌 This JPY/USD chart presents a high-probability bullish setup due to the breakout from a falling wedge pattern. 📌 The breakout, strong support zone, and bullish price action indicate further upside potential. 📌 Risk management is key—waiting for confirmation can increase the probability of success. 💡 Final Verdict: Bullish Bias – Watching for Retest & Continuation to Target! 🚀
Long
by GoldMasterTrades
JPY/USD Breakout from Falling Channel – Bullish Trading SetupOverview of the Chart: The Japanese Yen (JPY) against the U.S. Dollar (USD) 1-hour chart showcases a well-defined market structure, transitioning from a downtrend within a falling channel to a breakout with bullish momentum. The chart highlights critical support and resistance levels, a confirmed breakout, and a forecasted price movement that could indicate further bullish continuation. This analysis will break down the chart patterns, technical indicators, and potential trade setups, providing a professional outlook on price action behavior. Technical Breakdown of the Chart 1. Falling Channel Pattern – Downtrend Phase The price had been trading within a descending channel, marked by two parallel trendlines (blue lines), indicating a controlled downtrend. A falling channel is a bullish reversal pattern, as it signals that bearish momentum is weakening. Within the channel, price action consistently created lower highs and lower lows, adhering to the structure of the pattern. The red dashed trendline inside the channel acted as a dynamic resistance, rejecting price movements multiple times before the breakout. 📌 Key Observation: The falling channel pattern suggests accumulation, where selling pressure gradually diminishes, paving the way for a bullish reversal. 2. Support Zone & Bullish Breakout The price eventually reached a strong horizontal support level (highlighted blue zone at the bottom), which acted as a critical demand area. This support level had previously led to strong rebounds, making it a significant zone for potential reversals. Bullish breakout confirmation: A strong bullish candle closed above the upper boundary of the channel, breaking the trendline resistance. The breakout suggests a shift in market structure from a downtrend to an uptrend, as buyers regained control. The price has now moved above the previous resistance, confirming the bullish momentum. 📌 Key Takeaway: The breakout is a strong signal that sellers have lost control, and a potential bullish trend could emerge. 3. Resistance Zone – Key Barrier for Buyers The next area of interest is the resistance level (highlighted in a blue rectangular zone). This level has historically acted as a strong supply zone, where price previously struggled to break through. If the price manages to sustain above this level, it would confirm bullish continuation toward higher price targets. 📌 Technical View: If buyers break past this resistance, it could lead to a strong bullish rally, reinforcing the new uptrend. 4. Target Projection & Forecasted Price Movement The chart outlines a forecasted bullish path using a zigzag projection (black lines). Here’s the expected price action: Short-Term Movement: Price might face temporary resistance near the blue resistance zone. A minor pullback or consolidation in this area is expected before further movement. Retest of Support: If price pulls back, it could retest the broken channel resistance or the support zone. A successful retest and bounce would validate the strength of the breakout. Bullish Continuation: If the resistance zone is broken, price is likely to continue toward the target level of 0.006842, a previous swing high. This level acts as the final upside target based on historical resistance levels. 📌 Key Insight: The market structure suggests that price will follow a higher-high, higher-low pattern, which is characteristic of an uptrend.
Long
by GoldMasterTrades
JPY/USD – Bullish Breakout After Falling Wedge!Let's take a deep dive into the JPY/USD price action and technical setup on the daily chart. The market has presented us with a falling wedge breakout, a strong bullish reversal signal. This pattern indicates a potential shift from the previous downtrend into an uptrend. 1️⃣ Falling Wedge Pattern – Bullish Reversal Signal The falling wedge is a classic bullish reversal pattern. It forms when price action makes lower highs and lower lows within two converging trendlines. The key characteristic of this pattern is the decreasing selling pressure, leading to a breakout to the upside. We observed a clear breakout from the wedge, indicating bullish momentum. Buyers have stepped in strongly, pushing prices above the resistance zone. This signals a potential trend reversal from bearish to bullish. 2️⃣ Breakout Confirmation & Key Levels Once the price broke above the wedge, it faced a crucial resistance zone (marked in blue on the chart). After breaking this level, it has now turned into support—a strong technical confirmation. Resistance Turned Support: The previous resistance is now acting as support, giving further confidence in the bullish move. Retest Expected: After breakouts, the price often comes back to retest support before continuing higher. If it holds, it’s a good entry opportunity. 3️⃣ Entry, Stop Loss & Take Profit Targets Based on the technical setup, here’s how we can approach this trade: 🔹 Entry: Ideal entry is around the current support zone after a successful retest. 🔹 Stop Loss: Placed below the support level at 0.006574 to minimize risk. 🔹 Take Profit (TP): The target price is set at 0.007126, aligning with the previous swing high. 4️⃣ Trade Outlook & Expected Movement If the price holds above support, we expect a bullish continuation towards the target. A minor pullback is possible before the next move higher. If the price breaks below the support zone, it may invalidate the bullish setup. 📌 Final Thoughts This setup is a high-probability bullish trade, backed by the falling wedge breakout and retest of a key level. However, always manage risk properly and wait for confirmation before entering the trade. What do you think? Do you see further upside, or is this a false breakout? Drop your thoughts below! 👇 #JPYUSD #ForexTrading #TechnicalAnalysis #TradingView #BullishBreakout #ChartPatterns
Long
by GoldMasterTrades
JPY/USD Price Action & Trade Setup Market Structure & Trend: The chart illustrates JPY/USD on the 4-hour timeframe, showing a rising channel pattern. Price has recently rejected from resistance near 0.0068058 and is now showing signs of a bearish move. Trade Setup: Bearish bias: The pair is breaking down from the channel, indicating a potential trend reversal. Key levels: Resistance: 0.0068058 Support Zone: 0.0064368 (Target area) Potential Move: A continuation of this bearish movement may lead to a drop toward the support zone. Conclusion: If the price sustains below the midline of the channel, further downside is likely. A retest of support at 0.0064368 could offer potential opportunities for either a bounce or a continuation of the bearish trend. 📌 What’s next? Watch for price action near the support zone for potential trade setups.
Short
by ForexOptimizer
Yen Falls Below 153 as BOJ Offers Little Policy ClarityThe yen fell below 153 per dollar on Wednesday, hitting a one-week low after BOJ Governor Ueda gave little clarity on rate policy. He reiterated the BOJ's commitment to a 2% inflation target, despite board member Tamura suggesting rates may rise to 1% in late 2025. The yen also weakened as Trump’s escalating tariffs raised inflation concerns, limiting the Fed’s ability to cut rates. The key resistance level appears to be 153.85, with a break above it potentially targeting 154.90 and 156.00. On the downside, 151.90 is the first major support, followed by 151.25 and 149.20 if the price moves lower. 
by ChartMage
Fundamental Market Analysis for February 11, 2025 USDJPYThe Japanese Yen (JPY) has experienced a slight decline at the start of the new week, as concerns over US President Donald Trump's tariff threats have resurfaced, leading to speculation that Japan could also be subject to new US duties. Additionally, the moderate strength of the US Dollar (USD) has led to an increase in the USD/JPY pair towards 152.00 during the Asian session. The positive US jobs report on Friday, along with expectations that Trump's policies could boost inflation and limit the Federal Reserve's (Fed's) policy easing ability, is having a modest impact on the USD. However, a significant yen decline seems unlikely due to growing confidence that the Bank of Japan (BoJ) will raise interest rates again this year, which continues to push Japanese government bond (JGB) yields higher. Consequently, the narrowing of the rate differential between Japan and other major central banks is expected to limit the decline in JGB yields. Therefore, it would be prudent to wait for strong follow-through selling in the yen before confirming that the USD/JPY pair has bottomed in the near term. Trade recommendation: SELL 151.80, SL 152.40, TP 151.00
Short
by Fresh-Forexcast2004
ShortThe price failed to reclaim the recent high at $158.87 and closed below the previous higher high. It also closed below EMA21, EMA55 and ascending trendline. All momentum indicators enter the bear zone and lines are pointed to the downside. The similar price set up happened on the 17th July 2024 (blue vertical line in the chart) and it was followed by a sharp price fall. I opened a short position at $154.55. Stop loss is placed at 156.80 (just above EMA 21) and the initial target is $151.40. Risk:Reward is roughly 1:1.75.
Short
by EbonyFalcon
2
USDJPY R2🔍 Technical Analysis of USD/JPY 📌 Overall Trend: After a downward correction, the price has reached the 154.250 support zone. A positive reaction at this level suggests a potential upward move. A price gap is visible in the 156.000 - 156.400 range, which may lead to a price increase to fill the gap. 📈 Buy Trade Signal (Long Position) 🔹 Entry Conditions: If the price holds the 154.250 - 154.400 support zone and bullish reversal candlesticks appear, a long trade is recommended. The ideal entry range is 154.600 - 154.860. 🔹 Stop Loss (SL): Below 154.250 🔹 Take Profit (TP): First target: 155.860 Second target: 156.110 Third target: 156.400 (if the bullish momentum continues) 🔹 Risk Management: If the price stabilizes below 154.250, reconsider the trade. Breaking above 156.110 increases the likelihood of further bullish movement to fill the price gap. ✅ Final Conclusion: If the price finds support at 154.250 - 154.400, a buy trade is favorable. A breakout above 156.110 could lead to a further target of 156.400. 📌 Ensure confirmation through price action and candlestick patterns before entering the trade.
Long
by EhsanZeydabadi
USDJPY 4H Bearish TrendOANDA:USDJPY 📶 Technical Analysis: Weekly (1W): Price is near its all-time high formed in 2024, with a bullish trend supported by moving averages (MAs). Daily (1D): While the price shows bearish movement since the start of 2025, MAs indicate an overall bullish trend. There's significant volatility on both the upside and downside due to strong support and resistance levels, as well as fundamental factors like interest rate expectations and other economic events. 4-Hour (4H): In January 2025, the price has formed a bearish trend, breaking two support levels at 156.5 and 155.0. On January 27, the price tested the 155 support level three times before breaking it with a strong candle. MAs on the 4H chart are also showing a bearish formation. Strategy: A potential short position is suggested if the price retests and confirms resistance at the broken support level of 155.0. Watch for the next key support around 152.0 if the price breaks below the current low of 153.7. 🆕 Fundamental Analysis: Fed Interest Rates Decision (Jan 29): No change expected in the federal funds rate, currently at 4.5%. The accompanying press conference will provide important guidance for future market expectations. 🔤 Trade Comment: A potential pending short order at 155.0 with a risk no more than 2%. JPY is strong against all major pairs on 27 Jan as JPY currency index has +0.85%
Short
by boykopetevboev
#USDJPY Taking a closer look at the USD/JPY pair on the 1-hour timeframe, the current price action highlights a significant area of interest that could dictate the next move in the market. The momentum appears to be building around this key zone, offering potential opportunities for both intraday traders looking for quick gains and scalpers aiming to capitalize on shorter movements. Whether it leads to a breakout or a reversal will depend on how the price interacts with these critical levels, making patience and confirmation essential for executing a well-timed and calculated trade.
by SadarExplore
$JPIRYY -Japan's Inflation Rate (October/2024)ECONOMICS:JPIRYY 2.3% October/2024 source: Ministry of Internal Affairs & Communications -The annual inflation rate in Japan fell to 2.3% in October 2024 from 2.5% in the prior month, marking the lowest reading since January. Electricity prices saw the smallest increase in six months (4.0% vs 15.2% in September), as the effects of the energy subsidy removal in May diminished. Also, gas prices rose more slowly (3.5% vs 7.7%). In addition, costs slowed for furniture and household utensils (4.4% vs. 4.8%) and culture (4.3% vs. 4.8%). Moreover, prices dropped further for communication (-3.5% vs -2.6%) and education (-1.0% vs. -1.0%). On the other hand, prices edged higher for food (3.5% vs 3.4%) and housing (0.8% vs. 0.7%). Meanwhile, transport prices jumped (0.5% vs. 0.1%) amid faster rises in cost of clothing (2.8% vs 2.6%), healthcare (1.7% vs 1.5%), and miscellaneous items (1.1% vs 0.9%). The core inflation rate hit a six-month low of 2.3%, down from September's 2.4% but above estimates of 2.2%. Monthly, the CPI increased by 0.4%, a reversal from a 0.3% fall in September.
ECONOMICS:JPIRYY
by Mr_J__fx
USD/JPY Market Analysis 26/09/2024 After 70 days of constant decline, the USD/JPY pair has finally managed to break the descending trendline and exit the prolonged bearish trend. At the moment, it is still unclear whether this is a long-term trend reversal or just a short-term pullback within the larger downtrend. The charts clearly show a breakout of the main descending trendline, followed by a flip of the horizontal and diagonal support/resistance levels, which further confirmed the significance of this move. This breakout has been tested and validated at multiple levels — first at the diagonal trendline, and then at the horizontal support level. One of the key signals for this potential reversal is the bullish divergence on the 4-hour timeframe, which indicated a weakening of the selling pressure and a potential trend change. This signal was further strengthened by the crossover of the Moving Average 7 above the Moving Average 21, which occurred right before the breakout. After the breakout confirmation, the price managed to reclaim the 0.236 Fibonacci level, but it is now facing a crucial resistance at the MA 200 level, which will determine the next direction. We are currently at a critical juncture — either we break through this level and head towards the 0.382 Fibonacci level, or we retrace and test the horizontal support once more, which now serves as a key support zone. It remains to be seen whether the price can maintain these levels or if it will revert back into the previous trend. If we see another successful test of the horizontal support, it could indicate further upside potential and a transition into a more stable bullish trend.
by RhinoAkaBear
USD/JPY Analysis - September 30, 2024Based on the current technical review and previous analyses, we observe key changes on the USD/JPY chart. After the pair broke through a key resistance level, a pullback has occurred, allowing us to identify important technical zones and opportunities for entering scalp positions. In this analysis, we consider the main aspects of this breakout, the pullback, and potential for further growth. Breakout of Key Resistance and Pullback: The breakout was anticipated based on prior analyses. Following this breakout, the price began to retrace back towards previous resistance levels, which have now become support. The zone where this retracement is occurring coincides with the 0.61 - 0.65 Fibonacci level, further confirming the strength of this area as a "golden pocket" for potential reversals. Bullish Divergence and Volume Loss: As the price fell to this confluence, bullish divergence formed on lower timeframes, signaling a possible return of buying strength. The decrease in volume during this time indicates a loss of momentum among sellers, which contributed to the decision to enter a scalp position and take advantage of the bounce from this level. Trendline as Temporary Support: The diagonal trendline has served as crucial support during the bounce. The plan is to monitor this trendline, and if it is breached, a retest of the previous support level is expected, which will open a new opportunity for entry. This could be a key moment for establishing a new uptrend, as a support/resistance flip at this level is likely to trigger a new wave of buying activity. Fibonacci Golden Pocket (0.61 - 0.65 Fib Level): This zone is one of the most reliable areas for seeking price reversals in technical analysis. Located within the "golden pocket," it provides additional confluence that can confirm the validity of the plan. This zone often attracts investors as it represents an optimal balance between retracement and potential growth. Expected Setup and Take Profit Target: The target, set at 147.827, represents a resistance level that the price may test again after successfully flipping support into resistance. This target is logically set based on previous high price levels, while the setup offers a potentially very high Risk/Reward ratio of over 6.19, making it exceptionally attractive for trading. ⚠️ Disclaimer: ⚠️ 🚫 This is not financial advice. Trade responsibly and conduct your own research before making any decisions.🚫
by RhinoAkaBear
USDJPY Favors Bearish ViewOn Friday, the USD/JPY is trading at around 142.30. An analysis of the daily chart shows that the pair is in a consolidation phase within a descending channel, which favors a bearish view. Moreover, the 14 - day Relative Strength Index (RSI) stays below the 50 - level, reaffirming the existing bearish perspective. Looking at the downside, the USD/JPY pair could encounter immediate support at 139.58, which represents the lowest level since June 2023. After that, there is the lower limit of the descending channel close to 137.50. Regarding the resistance , the 21 - day Exponential Moving Average (EMA) at the 143.56 level serves as an initial hurdle. Subsequently, there is the upper limit of the descending channel around the 144.80 level.
Short
by Tekapo-Invest
1
USD/JPY analysis 2024/09/20 FX_IDC:USDJPY Notice: The points are only valid from 2024/09/20 to 2024/10/05 What we have now? 1.The key support and resistances level: 152 148.2 144 142 139.5 What should we do? 1.Open the long position when the price fails to break through the lower support level TP when the price is close to upper resistance level or TP 50% of your position first, the other 50% for a huge breakout. SL when the price break through the lower support level 2.Open the short position when the price fails to break through the upper resistance level TP when the price is close to lower support level or TP 50% of your position first, the other 50% for a huge breakout. SL when the price break through the upper resistance level Future Price movement 70% chance : The 139.5 price level is a really strong support, and I don't think it'll drop below that in the next month. It'll probably bounce between 144 and 139.5 for at least two weeks, building up enough momentum to push towards the resistance at 152 30% chance : Break below 139.5 Always put a Stop Loss for your positions!! Trade safe!
Long
by DrkeezySSGcup
1
USD/JPY Price Analysis (1H)The price of USD/JPY is currently approaching a support level and could be setting up for a pullback. If it bounces off this support, we could see a potential upward move. However, if the support is broken, the next target could be the next support level Key scenarios to watch: If the price bounces back from the support, it may signal a reversal. If the price breaks out below the support, it could move toward the next support level. Let’s monitor closely and see how it develops!
by WaveRiders2