USDJPY Sell to 146.200 sl 147.700U.S. Dollar / Japanese Yen forum
USDJPY Sell to 146.200 sl 147.700
USDJPY Daily is bullish but consolidating since very long now.If I am to enter a sell position, I want to see price move down and retest the ranging support area to sell.
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USDJPY USD/JPY recovery halts at 147.50 with monetary policy divergence weighingThe US Dollar’s recovery attempts from Friday’s lows at 146.60 against the Japanese Yen have been capped around the mid-range of the 147.00s on Monday as the pair remains on the defensive amid an unfavourable monetary policy divergence following Fed Powell’s dovish comments.Jerome Powell shocked...
USDJPY tradingview.com/x/v67ePQiLUSD/JPY (2H) chart down step by step:
🔎 Chart Breakdown
Entry Zone (147.000 – 147.212)
The chart highlights a support area (ENTRY LAYER).
Price has retraced back into this support after a drop and is expected to bounce.
A green arrow shows bullish entry confirmation from this level.
Stop Loss (146.500 – STOP TRADE AREA)
If price breaks below 146.500, the trade idea becomes invalid.
This protects against deeper downside movement.
Targets
Target Point First: around 147.500 → short-term take profit.
Target Point 2nd: around 148.000 → mid-level take profit.
Last Target Point: higher extension (above 148.000, not exact value shown but projected upwards).
Key Levels on Chart
FVG Areas (Fair Value Gaps): These show imbalances in price action. Market often returns to fill these before continuing trend.
Holding Area / Bross / Selling Support: Mark previous resistance/support flips where price reacts strongly.
Current price is sitting at support
and expected to rally higher.
Market Bias
This chart is bullish as long as 146.500 holds.
Expectation: Price consolidates at entry → pushes towards 147.500 → 148.000 → final extension target.
USDJPY took a sell targeting 146.876
USDJPY My 3 positions were opened at 147.200, confirmed by the Harami and the EVA. Targets remain the same as previously described.
USDJPY looking for a retracement to 147.000 to buy to 147.800, if 147.000n s broken we may see further downside potential
USDJPY On USDJPY, I’m considering a short position. I’ll be waiting for price to reach my level of interest, aiming for a 1:5 RR setup in line with the trend.
USDJPY market broke the trendline and moved downward and now it has come again to retest A bearish FvG is also present along with trendline resistance and a breaker block the market is currently within these zones If bearish confirmations appear here the market can fall from this point But if candles close above this level then the bearishness will decrease!
USDJPY took some profits at 147.500 markets starting to slow down probably til London it might be a lil pull back but I might get back in on a pull back to hold for 148.00 target